Research Nester’s recent market research analysis on “Zero Trust Architecture Market Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitors analysis and a detailed overview of the global zero trust architecture market in terms of market segmentation by deployment type, organization size, vertical, and by region.
Decline in Perimeter Security and Increasing Utilization of Mobile Devices to Promote Global Market Share of Zero Trust Architecture Market
The global zero trust architecture market is estimated to grow majorly on account of the increased popularity of remote work during the pandemic. The zero trust approach can make working across various devices easier for employees by providing access to multi-factor authentication factors. There has been a rising threat of data breaches for remote workers that is widening the range of points of violations. For instance, in the year 2023, 12.6% of full-time employees were working from home while almost 28.1% work from a hybrid model. On the back of this, the global zero trust architecture market growth is projected to flourish during the forecasted period. Other than this, in the year 2023, the average total cost of the data breach was USD 173,072 higher in the remote workforce causing a breach in IBM. Also, remote workers have caused a security breach in almost 20.1% of organizations. On the back of the rising concern for data protection, the global zero trust architecture market is proving to be useful and witnessing remarkable growth in the future. Various organizations are incorporating zero trust concepts into their DevOps pipelines as they are adopting strategies to ensure security as a part of development process. On the back of this, the global zero trust architecture market is projected to witness remarkable growth during the forecasted period.
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Some of the major growth factors and challenges that are associated with the growth of the global zero trust architecture market are:
Growth Drivers:
• Rising Adoption of Work from Culture for Security
• Increasing Exposure of Financial System to the Cyber Threats
Challenges:
Complexity in implementation of zero trust architecture, high price of zero trust architecture, and lack of preferred infrastructure for zero trust infrastructure are some of the major factors anticipated to hamper the global market size of global zero trust architecture market.
By vertical, the global zero trust architecture market is segmented into BFSI, government & defense, it & telecom, healthcare, retail & e-commerce, energy & utilities, and others. The retail & e-commerce segment is anticipated to gather the largest market share of over 30% in the coming years. There has been a rapid expansion in the e-commerce segment as there are almost 12-13 million e-commerce sites present globally. This is expected to bolster the growth of the segment in the forecasted period.
By region, the Europe zero trust architecture market is to generate the highest revenue by the end of 2036. The growth of the market in the region can be attributed to the rising culture of working from home, as in the year 2022, it was estimated that almost 1 in 20 people aged 20-64 are usually working from home.
This report also provides the existing competitive scenario of some of the key players of the global zero trust architecture market which includes company profiling of Palo Alto Networks, Xcitium, Cloudflare, Inc, CrowdStrike, Forcepoint, Fortinet, Inc., IBM Corporation, Musarubra US LLC, Zscaler, Inc., Check Point Software Technologies Ltd., Kazuyo Sejima, Kengo Kuma & Associates, Keeper Security, Inc., NTT DATA GROUP CORPORATION and others.
Access our detailed report at:
https://www.researchnester.com/reports/zero-trust-architecture-market/5754
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