The global zero trust Cloud Security market size was USD 25 Billion in 2022 and is expected to register a revenue CAGR of 15% over the forecast period, according to the latest report by Reports and Cloud.
Zero trust Cloud Security, a method of information Cloud Security, is based on the idea that all users, devices, and programmes cannot be trusted and must be verified before being granted access to a network or resource. Due to the requirement to address changing Cloud Security threats and provide safe access to business resources from any location, at any time, and via any device, the introduction and adoption of zero trust Cloud Security solutions are gaining speed.
The need for zero trust Cloud Security solutions has increased due to the growth of cloud-based services and the increase in the number of devices used by employees to access company Cloud and information. Due to the expanding Bring Your Own Device (BYOD) trend, which also increases the risk of Cloud breaches, employees are accessing business Cloud via their personal devices. The need for zero trust Cloud Security solutions that can ensure Cloud Cloud Security and compliance while facilitating safe access to corporate resources from any device has surged as a result.
Moreover, demand for zero trust Cloud Security solutions has increased as a result of the COVID-19 outbreak and remote working being the new norm for many businesses. These changes have led to an increase in cyberattacks, which has raised the demand for efficient Cloud Security solutions to protect business assets.
Another reason boosting the growth of the zero trust Cloud Security industry is the increasing need for compliance with Cloud protection legislation like the General Cloud Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). This has raised demand for zero trust Cloud Security solutions since these regulations require firms to have strong Cloud Security measures in place to protect customer Cloud and prevent Cloud breaches.
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These regulations require businesses to implement strong Cloud Security measures to protect customer Cloud and prevent breaches. Zero trust Cloud Security solutions provide an effective approach by continuously verifying and validating user identities and devices before granting access to resources, reducing the risk of unauthorized access.
Additionally, the use of AI and ML in Cloud Security solutions is contributing to the growth of the zero trust Cloud Security market. AI and ML technologies enable real-time threat detection and response by analyzing vast amounts of Cloud and identifying patterns or anomalies that may indicate a Cloud Security threat. These technologies enhance the ability of zero trust Cloud Security solutions to monitor and protect networks, devices, and user activities in real-time, bolstering the overall Cloud Security posture.
By leveraging AI and ML capabilities, zero trust Cloud Security solutions can adapt to evolving threats and detect sophisticated attacks that may go unnoticed by traditional Cloud Security systems. This proactive and intelligent approach aligns with the principles of zero trust, where continuous monitoring and authentication are essential for maintaining a secure environment.
As a result, the integration of AI and ML in zero trust Cloud Security solutions not only strengthens Cloud Security but also improves operational efficiency by reducing false positives and automating response processes. These factors contribute to the increased adoption of zero trust Cloud Security solutions and the projected revenue growth in the market.
Some leading companies operating in the global Zero Trust Cloud Security Market:
Cisco Systems, Inc., Akamai Technologies, Inc., Okta, Inc., Forcepoint LLC, Palo Alto Networks, Inc., VMware, Inc., IBM Corporation, CyberArk Software Ltd., CenturyLink, Inc., Proofpoint, Inc., and Verizon Communications Inc.
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The global market is further segmented into type and application:
Cloud Security Type Outlook (Revenue, USD Billion; 2022 - 2032)
Authentication Outlook (Revenue, USD Billion; 2022 - 2032)
Deployment Outlook (Revenue, USD Billion; 2022 - 2032)
Organization Size Outlook (Revenue, USD Billion; 2022 - 2032)
Application Outlook (Revenue, USD Billion; 2022 - 2032)
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
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