Zero Trust Architecture MarketSize and Trends
Global zero trust architecture market is estimated to be valued at US$ 28.99 Bn in 2023, and is projected to reach US$ 85.45 Bn by 2030, exhibiting a CAGR of 16.7% from 2023 to 2030. The market growth can be attributed to various factors such as growing trend in BYOD and CYOD concepts, increasing number of cyber-attacks, and improving regulation concerning cyber security.
Global Zero Trust Architecture Market- Trends
- Increased Adoption across Industries: ZTA is being adopted across various industries, including healthcare, finance, government, retail, and manufacturing. Organizations in these sectors are recognizing the need for a more proactive and robust security approach to protect their sensitive data and digital assets. The growing adoption of ZTA is driven by increasing cybersecurity threats, regulatory compliance requirements, and the need for secure remote access.
- Convergence of Zero Trust and Identity Access Management (IAM): Zero Trust and IAM are converging to provide a unified approach to security. IAM solutions are incorporating zero trust principles, such as continuous authentication, risk-based access controls, and granular permissions, to strengthen identity-centric security. This convergence enables organizations to combine user identity verification with strict access controls, reducing the risk of unauthorized access and improving overall security.
- Emphasis on User-Centric Security: User-centric security is gaining importance in the ZTA market. Instead of solely focusing on network perimeters, organizations are adopting user-centric approaches that validate user identities and continuously monitor their activities and behaviors. This trend is driven by increasing remote work, mobile devices, and the need for frictionless user experiences while maintaining strong security controls.
- Cloud-native Zero Trust Solutions: With the increasing adoption of cloud services, there is growing demand for cloud-native zero trust solutions. These solutions are purpose-built to secure cloud environments and provide visibility, control, and protection for cloud-based assets. Cloud-native zero trust solutions offer seamless integration with cloud platforms, such as AWS, Azure, and Google Cloud, enabling organizations to secure their cloud workloads and applications effectively. For instance, in December 2022, Google Cloud and Palo Alto Networks collaborated to offer a novel zero-trust network access solution that is designed to cater to hybrid users.
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