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As the complexity and intensity of cyberattacks continue to surge, the zero-trust security model is becoming increasingly vital in today’s business world. However, while almost 90% of organizations worldwide have started implementing zero-trust security in some form, only 2% have mature deployments in place. This is about to fundamentally change, however, as the adoption of zero trust continues to accelerate. Estimates show that the current Zero-Trust Security Market size of $32.61 billion in 2024 is expected to reach $73.57 billion by 2029.
Zero-trust is identity-based security that operates on the “never-trust, always verify” philosophy. It reaches beyond an organisation’s network perimeter with required user and entity identity verification, even from within the network.
Zero trust security has been around for more than a decade, but its importance took a significant turn for enterprises with the COVID-19 pandemic. With employees suddenly working remotely connected to unsecured home networks, the extensive adoption of cloud services, BYOD (bring your own device) policies, and the use of numerous new remote work IT tools, the cyber-attack surface of companies increased exponentially.
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