Chicago, Aug. 16, 2024 (GLOBE NEWSWIRE) -- The global Zero Trust Security Market size estimated value stands at USD 36.5 billion in 2024, with projections indicating it could soar to USD 78.7 billion by 2029, experiencing a compound annual growth rate (CAGR) of 16.6% during the forecast period, according to a new report by MarketsandMarkets™. The adoption of zero trust security is driven by the growing emphasis on cybersecurity regulations enforced by governments and regulatory bodies worldwide. These organizations recognize the critical importance of safeguarding sensitive data and countering cyber threats, leading them to impose stricter regulations and requirements on businesses. For example, regulations such as GDPR, HIPAA, and PCI DSS mandate organizations to implement robust security measures and control access to sensitive data. However, traditional security approaches, which rely on trusting everything within the corporate network, no longer suffice to meet these stringent requirements. Browse in-depth TOC on "Zero Trust Security Market" 275 - Tables 51 - Figures 330- Pages Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=2782835 Zero Trust Security Market Dynamics: Drivers: Rapid adoption of cloud and surge in digital transformation Rising regulatory compliance demands Diminishing popularity of perimeter-based security Rising threat of sophisticated cyberattacks Restraints: Complexity and costly implementation. Presence of legacy systems and compatibility issues Opportunities: Improved visibility into networks and robust security Development of new zero trust security products and services Surge in awareness regarding zero trust security List of Top Companies in Zero Trust Security Market: Palo Alto Networks (US) VMware (US) Zscaler (US) Akamai (US) Microsoft (US) Cisco (US) IBM (US) Qnext (US) Citrix (US) Checkpoint (Isreal) Get Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=2782835 Trend: Blockchain is used as most disruptive technology across all industries Blockchain has been treated as one of the most disruptive technologies across all industries. It is most critical around financial services and in the domain of supply chain and logistics. This technology has attracted much attention from big industry players due to its effectiveness in storing data acquired over the years. In the modern data world, blockchain technology has an important role to play with crucial potential benefits for businesses. The effect of blockchain on cybersecurity has grown considerably. Though minimal, the future is going to witness a drastic change in blockchain security mechanisms. The three arms of security that blockchain will put in place are access management, user authentication, and transaction security. Blockchain technology will identify an employee trying to access a system at work, authenticate their trust, and give them access. Alternatively, when a new contractor working on a project tries to access the same system, he or she is denied access by the system. This is because the ledger detects that the user has never interacted with the system or the device before. The same happens when they try to gain access to ...