In the current security scenario, where enterprises are transitioning their workloads and data to the cloud, every point on the network is vulnerable to security breaches.
With growing migration of workloads to the cloud, sensitive business data is constantly transferred between SaaS applications, IaaS, data centers, remote users, IoT devices, and like, giving cyber-criminals access to wider attack surfaces and more points of entry.
Understanding the Prospects of Zero Trust Model
Notably, per a ResearchAndMarkets report, the Global Cloud Security market is expected to hit $241.1 billion by 2025, at a CAGR of 11% from 2019 to 2025.
However, the firm notes that lack of awareness about cloud security the small and medium organizations and fear of losing confidentiality are some factors restraining market growth.
Per IHS Markit survey authorized by Fortinet FTNT, 74% of respondents have moved their applications back to private infrastructure from the cloud due to security concerns.
Year-To-Date Price Performance
Click to get this free report Fortinet, Inc. (FTNT) : Free Stock Analysis Report CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report Check Point Software Technologies Ltd. (CHKP) : Free Stock Analysis Report Proofpoint, Inc. (PFPT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research