As businesses around the world are plagued by cyber attacks, the market for zero trust solutions is picking up speed.
Zero trust refers to the security concept where organizations are encouraged to avoid automatically trusting anything or anyone inside or outside its perimeters. Instead, they must verify anything and everything trying to connect to its systems before granting access.
Now a new market research suggests that the zero trust security market will be worth $38.6bn by 2024, growing by a compound annual growth rate of 19.9% from 2019.
The MarketsandMarkets report comes as the global cybersecurity space is goring from strength to strength.
This particular segment of the RegTech market has attracted $2.8bn in investment since 2014, according to RegTech Analyst’s data.
In the first six months of 2019, the cybersecurity industry attracted 36.9% of all RegTech investment.
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