WESTFORD, Mass., July 8, 2024 /PRNewswire/ — According to SkyQuest, the global Zero Trust Security Market size was valued at USD 25.5 billion in 2022 and is poised to grow from USD 31.6 billion in 2023 to USD 99.7 billion by 2031, growing at a CAGR of 15.5% during the forecast period (2024-2031).

Zero trust facilities provide secure access to cloud-based apps and data. Organizations need to develop robust data protection mechanisms to comply with stringent data privacy regulations such as the GDPR and CCPA. Companies using the mistrust policy are playing an increasing role in industries as a primary security system. The traditional range-based model is being abandoned. Large tech companies are buying security services without guarantees to improve security services.

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Zero Trust Security Market Overview:

Report Coverage Advertisement	Details
Market Revenue in 2023	USD 31.6 billion
Estimated Value by 2031	USD 99.7 billion Advertisement
Growth Rate	Poised to grow at a CAGR of 15.5%
Forecast Period	2024–2031
Forecast Units Advertisement	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Offering, Deployment, Authentication Type and End-User Advertisement
Geographies Covered	North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights	Updated financial information / product portfolio of players
Key Market Opportunities Advertisement	Increasing Adoption of Cloud Technology
Key Market Drivers	Increasing Number of Cyber Threats and Data Breaches

Segments covered in Zero Trust Security Market are as follows:

• Offering
  • Software, Service
• Deployment
  • Cloud, On-premise, Multi-Cloud/Hybrid
• Authentication Type
  • Multi-Factor Authentication, and Single-Factor Authentication
• End-User
  • IT and Telecom, BFSI, Manufacturing, Healthcare, Energy and Power, Retail, Government, Other Industries

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BFSI Sector: Verifying Endpoints with Confidence

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The BFSI sector is optimal for implementing zero trust security solutions, as being the segment most susceptible to such threats and subjected to strict legal restraints. BFSIs have identified key factors to explain why who must invest in cybersecurity, such as the increasing number of ransomware attacks, regulations and forced labor. In short, remote employees and third parties also have additional information as it is difficult to express themselves. The introduction of zero trust security market is accelerating in this sector due to widespread adoption.

Healthcare organizations are now rapidly adopting trustless security, as the need for improved access control and protection of patient data is essential. Lack of trust through a minimum privilege policy make it possible for doctors to access all patient records simultaneously. This access is the important one as it is often the target of cybersecurity threats so issues with patient data being breached security and industry compliance makes healthcare one of the fastest growing markets for trust-free security solutions.

Empowering Multifactor Authentication Segment: Zero Trust Security for Every Role

A key segment in the zero trust security market is multifactor authentication. Companies such as Microsoft, Google and the industry identified the most reliable way to deal with security attacks as Multi-Factor Authentication (MFA) with a ranking of 99. It also found that 9% of automated bot threats have been blocked for therefore it established its trust to enhance security. This great success rate of zero trust security encourages the use of MFA as an important prospective means of constantly obtaining and verifying its authorization. MFA is gaining popularity among organizations for mitigating new and improved threats as its adoption helps expand the zero security market among organizations to protect their valuable assets.

The single-factor approach uses only one credential for authentication, such as a password or OTP as opposed to a username. In this authentication mode, it is important to use a combination of letters, cases, numeric values and symbols to ensure that a strong password is created because this creates difficulties and time for hackers to use permutations and combinations.

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Fortifying the Future: The Impact and Promise of the Zero Trust Security Market

The future of the uncertainty-free security market is promising, driven by continued technological advancement and increased awareness of cyber threats. Emerging technologies such as artificial intelligence, machine learning and behavioral analytics enhance the power of trustless solutions, making them more flexible and intelligent.

As cyber threats evolve, reliance on imperfect modeling will play an important role in future proofing and cybersecurity measures, all firmly designed to ensure that organizations are protected. The zero trust security market is poised to redefine the cybersecurity landscape.

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About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: [email protected]
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GUANGZHOU, China, July 8, 2024 /PRNewswire/ — Fanhua Inc. (Nasdaq: FANH) (the “Company” or “Fanhua”), a leading independent technology-driven financial services provider in China, today announced that its board of directors (the “Board”) has recently approved the grant of share options to certain of its key employees. This move is part of the Company’s strategy to incentivize key talent and align their interests with the long term success of the Company.

In accordance with the Company’s 2022 Share Inventive Plan, on July 2, 2024 the Board  authorized the issuance of share options to purchase up to 6,900,000 American Depository Shares (“ADS”) to 15 management team members of the Company’s major subsidiaries. The share options are immediately exercisable until July 15, 2024, subject to certain conditions. The exercise price is US$1.92 per ADS, equivalent to the closing price of the Company’s ADS for the trading day preceding the day on which the Board authorized the issuance. Additionally, the Company may offer these key employees a loan at an interest rate of 3% per annum to facilitate the exercise of the share options. Employees receiving the share options commit to serving the Company for no less than three years.

Commenting on the grant, Mr. Yinan Hu, founder and Chief Executive Officer of the Company, said, “Our team has shown remarkable confidence in Fanhua’s growth potential and business value, despite short-term fluctuations in the stock price due to certain industry policy impacts. By granting restricted shares, we enable our key talent to further benefit from the Company’s success and growth. Their commitment to a service period further demonstrates their confidence in the Company’s strategic direction.”

About Highest Performances Holdings Inc. (NASDAQ: HPH)

HPH was founded in 2010 with the aim of becoming a top provider of smart home and enterprise services. Its mission is to improve the quality of life for families worldwide, focusing on two main driving forces: “technological intelligence” and “capital investments.”HPH has a global strategic perspective and identifies high-quality enterprises with global potential for investment and operations. Its areas of focus include asset allocation, education and study tours, cultural tours, sports events, healthcare and elderly care and family governance.

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HPH currently holds controlling interests in two leading financial service providers in China, namely Fanhua Inc., a technology-driven platform, and Fanhua Puyi Fund Distribution Co., Ltd., an independent wealth management service provider.

Highest Performances Holdings Inc., formerly known as Puyi Inc., was renamed on March 13, 2024 to reflect its strategic transformation.

About FANHUA

Established in Guangzhou in 1998 and listed on NASDAQ in 2007 (Nasdaq: FANH), FANHUA is a leading independent financial services provider in China with strong technology capabilities and a commitment to empowering financial advisors and fostering sustained value creation for customers.

Our mission revolves around creating an inclusive and collaborative platform for independent financial advisors, as well as various insurance/financial sales organizations, enabling our partners to optimize their practices by offering them end-to-end business solutions spanning compliance, technology, products, services, operations, capital flow, and professional training.

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Leveraging advanced technology, artificial intelligence, and data-driven insights, Fanhua is at the forefront of revolutionizing financial services delivery, accelerating digital transformation, and driving industry growth.

With a comprehensive approach to financial services, we connect millions of Chinese families with various financial institutions and service providers, offering a diverse range of opportunities and personalized solutions for insurance protection, retirement planning, health management, asset management, and family governance services, covering the full lifecycle of our customers’ needs.

Forward-looking Statements

This press release contains statements of a forward-looking nature. These statements, including the statements relating to the Company’s future financial and operating results, are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will”, “expects”, “believes”, “anticipates”, “intends”, “estimates” and similar statements. Among other things, management’s quotations contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about FANHUA and the industry. Potential risks and uncertainties include, but are not limited to, those relating to its ability to attract and retain productive agents, especially entrepreneurial agents, its ability to maintain existing and develop new business relationships with insurance companies, its ability to execute its growth strategy, its ability to adapt to the evolving regulatory environment in the Chinese insurance industry, its ability to compete effectively against its competitors, quarterly variations in its operating results caused by factors beyond its control and macroeconomic conditions in China and their potential impact on the sales of insurance products. Except as otherwise indicated, all information provided in this press release speaks as of the date hereof, and FANHUA undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although FANHUA believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by FANHUA is included in FANHUA’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.

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ST PETER PORT, Guernsey, July 8, 2024 /PRNewswire/ — The International Stock Exchange (TISE) listed 444 securities during the first half of 2024, an 18.4% increase on the equivalent period last year.

The new listings contributed to the total number of securities on TISE’s Official List reaching 4,371 on 30 June 2024, which is an increase of 5.6% year-on-year and a record high in the history of the Exchange.

The total market value of all listed securities surpassed the £700 billion mark for the first time, reaching £708 billion at the end of June.

Cees Vermaas, CEO of TISE, said: “I am delighted to report strong listing volumes on our public market during the first half of 2024. Global macro-economic conditions had subdued listing activity across the European corporate bond markets during the last couple of years but, with inflation under control, interest rates coming down and an improved outlook for growth, business flows have now started to recover. We are very pleased that clients continue to recognise our strengths as a leading European venue for listing bonds offered to institutional and professional investors.”

During the first half of the year, there were 436 newly listed securities admitted to TISE’s leading European professional bond market, the Qualified Investor Bond Market (QIBM). TISE has maintained its market-leader position across both private equity debt and high yield bonds and with the securitisation market also rebounding in 2024, TISE continues to grow its reputation as a listing venue for this debt product.

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There were eight newly listed securities across TISE’s equity market during the first six months of the year as it sustained its position as the second largest venue for listed UK REITs, just behind the London Stock Exchange (LSE).

Mr Vermaas added: “This is a very positive opening six months of the year. We saw strong growth in new listings during the first quarter and this has continued through the second quarter as the soft-landing narrative has been sustained, primarily owing to the resilient growth in the US economy. M&A activity is returning, the wave of refinancing continues and now a lower interest rate environment is bringing more new high yield corporates to the market. A continuation of this upward momentum in the economic picture gives us reason to be optimistic for the second half of the year.”

View original content:https://www.prnewswire.co.uk/news-releases/tise-reports-sustained-listings-growth-in-first-half-302190817.html

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