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Zero Trust Architecture Market Trends

Report ID: GMI7685
Published Date: Dec 2023
Report Format: PDF

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Zero Trust Architecture Market Trends

The incorporation of artificial intelligence (AI) and automation into zero trust architectures is likely to gain traction. AI can enhance threat detection capabilities, helping organizations identify anomalous behavior and potential security risks in real-time. Automation can streamline the implementation of zero trust policies and responses to security incidents, improving overall efficiency and adaptability in the face of evolving cyber threats.

Against this backdrop, in January 2023, Cloudflare, Inc., a company specializing in security, performance, and reliability solutions for building a more robust internet, revealed an extension of its collaboration with Microsoft. This partnership aims to facilitate customers in the seamless deployment, automation, and improvement of their organization's Zero Trust security measures. Collaborative efforts toward integrating cutting-edge technologies in their product offerings by eminent companies will boost market development.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of zero trust architecture was worth USD 16.9 billion in 2023 and is expected to register over 16.5% CAGR from 2024 to 2032, due to the rising frequency and sophistication of cyber threats and attacks worldwide.

The solutions platform segment held over 60% share of the zero trust architecture industry in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, owing to evolving cybersecurity landscape and the need for more robust defenses against sophisticated threats.

North America held 35% share of the zero trust architecture industry in 2023 and is expected to register commendable CAGR from 2024 to 2032, due to the high frequency of sophisticated cyber threats, prompting organizations to prioritize advanced security measures in the region.

Cisco Systems, Inc., Palo Alto Networks, Inc., Akamai Technologies, Inc., VMware, Inc., Microsoft Corporation, Zscaler, Inc., IBM Corporation, Okta, Inc., Citrix, and Trellix are some of the major zero trust architecture companies worldwide.