These days, the zero trust security market size is rising over time. Why is this happening? And what contributes to this growth? Let us take a closer look below.
Zero Trust Security Market Size
The zero trust security market size is increasing for various reasons. Firstly, as we are seeing a rise in the usage of the Internet of Things (IoT), the zero trust security market size is also growing.
Secondly, the rise in the dependency on cloud computing, coupled with a decreased dependency on physical security is also boosting the market size. Moreover, the rising need for continuous monitoring and threat prevention is boosting the market size.
Thirdly, the rising usage of remote working and BYOD is also driving the security market size. Fourthly, the increased usage of mobile devices and smartphones by employees is also boosting the market size.
Finally, with an increase in global cybercrime and cyber attacks, coupled with a lack of coordination among various departments within organizations, there has been a rise in demand for zero trust security solutions. All of these point toward a positive future for the security market.
Thus, the market size is expected to reach $17 billion by 2023, at a CAGR of nearly 37%. In 2017, the market size was valued at $6.4 billion. A large portion of the market size is attributed to the growth of the cloud computing segment, which is also experiencing rapid growth. Also, organizations are experiencing a gradual shift from monolithic security solutions to micro-segmented ones.
Zero Trust Security Implementation
When planning to implement zero trust security, it is crucial to implement it from the very beginning of the project. This will help to avoid expensive rework and time delays that may occur otherwise. Zero trust security is implemented in steps.
The first step is to identify the various risks. This can be done by conducting a risk assessment. From there, security controls are implemented, and then a determination is made as to whether additional security is required or not. The result of this process is a complete zero trust security solution that is appropriate for the needs of the organization.
Then, when implementing this kind of security, a company must look at every user individually. This can be done by implementing conditional access to resources and data. It is also important to ensure that all data is encrypted so that it cannot fall into malicious hands.
This innovative approach helps in improving the overall efficiency of the IT infrastructure. Also, due to its scalability and adaptability, it can be used in various environments, including enterprises, government, and SMBs.
One of the key trends in the market is not just the growth of efficient cloud computing solutions. But also the adoption of said solutions for various applications such as IoT, mobility, and ERP.
Conclusion
No matter how small or large an organization may be, it is vital to protect them from cyber threats and attacks. Every organization should implement a zero trust security solution that ensures protection from cybercriminals and hackers.