Zero Trust Security Market Witnessing Significant Industry Collaborations in early 2024

Vantage Market Research

Mar 21, 2024

CrowdStrike Acquires Flow Security

CrowdStrike, a prominent name in cybersecurity, has recently announced its acquisition of Flow Security, a pioneer in cloud data runtime security solutions. With this acquisition, CrowdStrike's aim is to establish a new benchmark in the area of data protection via clouds.

CrowdStrike provides complete real-time data protection in both the endpoint and cloud environments, thanks to its integration of Flow Security's cutting-edge technology with Falcon XDR. In all Member States, whether at rest or on the move, this harmonized approach ensures data security. 

In view of the evolving threat landscape, where adversaries are increasingly targeting organization's most important information, this acquisition is a key step in addressing these challenges. CrowdStrike's unified security platform natively safeguards data across various platforms, cloud services, APIs, and applications. By incorporating Flow Security's Data Security Posture Management (DSPM) capabilities, CrowdStrike empowers its customers with enhanced visibility and control over their cloud data flows, enabling proactive threat detection and mitigation.

SonicWall Expands Portfolio with Acquisition of Banyan Security

In a bid to fortify its cybersecurity arsenal, SonicWall announced on January 3, 2024, the acquisition of Banyan Security, a prominent provider of security service edge (SSE) solutions. This acquisition enriches SonicWall's portfolio with zero trust security solutions, focusing on a range of businesses from Fortune 100 companies to small enterprises. With its commitment to a "Best of Everything" strategy that covers network, endpoint, wireless and cloud security, SonicWall's dedication to providing complete cybersecurity in the context of an integrated platform is evident.

Driving Innovation through Collaboration

Innovation in zero trust security solutions is continuing to be driven by collaboration of cybersecurity vendors and industry stakeholders. These partnerships are enabling the development of specific zero trust frameworks addressing particular organizational needs and industry challenges, using their resources and expertise. In order to ensure a safer digital environment for residential entities worldwide, such co-operation is not only stimulating innovation but also driving market expansion. 

With the zero trust security market projected to soar to USD 30.95 billion by 2032, according to analysts at Vantage Market Research. Stakeholders need to remain vigilant and resourceful in this dynamic environment, as the residential market for zero guarantees continues to evolve on the basis of technological progress and strategic partnerships.

Zero Trust Security Market Size, Share & Trends Analysis Report by Offering (Solution, Services) by Security Type (Network Security, Application Security, Cloud Security, Endpoint Security and IoT Security) by Authentication Type (Single-Factor Authentication, Multi-Factor Authentication) by Vertical (Banking, Financial Services, and Insurance (BFSI), Government and Defense, IT & ITeS, Healthcare, Retail and ECommerce, Energy and Utilities, Other Verticals) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2018 - 2023) & Forecast (2024 - 2032)