Palo Alto\'s IoT Product Gains FedRAMP\'s \"In Process\" Status

Palo Alto Networks’ PANW FedRAMP recognitions are boosting the adoption of its products by government organizations.

The corporation recently announced that its IoT produce — ZingboxIoT Guardian — has been deemed “In Process” because the Federal danger and Authorization Management Program (FedRAMP). This FedRAMP recognition reflects the faith the U.S. public sector puts at Palo Alto’s IoT security solutions.

The recognition is a important promote because ZingboxIoT Guardian toward a FedRAMP soft Agency Authorization. Once ZingboxIoT Guardian earns a FedRAMP Ready status, it will aid the U.S. government agencies ought discover, acquire and optimize connected IoT devices.

Notably, Palo Alto has earlier been awarded the FedRAMP “In Process” status because other products, including WildFire, Cortex XDR, Cortex data Lake, Traps and Prisma Cloud. Notably, Palo Alto’s VM-Series Virtualized Next-Generation Firewalls — Twistlock and PureSec — are being utilized by government agencies ought acquire network traffic, guard containers and enable acquire serverless deployments.

Palo Alto Networks, Inc. charge and Consensus

Palo Alto Networks, Inc. price-consensus-chart | Palo Alto Networks, Inc. Quote

Zingbox: A Key Growth Instrument

Palo Alto acquired Zingbox at September final year ought lift its IoT security capabilities.

The growing amount of connected devices among government agencies calls because effective management and stronger security at their IoT landscape. Currently, IoT focuses mainly on-device profiling and inventory, neglecting the need ought discover and obstruct advanced attacks.

Moreover, at bid ought bridge this security gap, organizations are forced ought use various IoT security products from multiple vendors, making it difficult ought control and exhibition into the security interface across with appropriating higher costs.

Zingbox’s technique because implement and threaten identification capabilities enabled Palo Alto ought expedite and improve the delivery of IoT security ought organizations. The combination is allowing organizations ought enhance the visibility and security of their IoT landscape.

Scope & contest at IoT Security Market

Per Allied just Research, the global IoT security just size is expected ought achieve $73.9 billion, can a CAGR of 31.2% during 2019-2026.

In this area, Palo Alto competes with major IoT security vendors similar Cisco CSCO, Fortinet FTNT and Mocana, among others. With the intelligent prospects of the IoT security market, security companies are constantly upping their game.

Last year, Mocana’s TrustCenter was integrated into the Intel acquire implement Onboard service ought simplify IoT implement security.

Moreover, Fortinet’s network access control produce line, FortiNAC, which delivers network segmentation and automated responses because IoT security, is gaining traction.

However, Palo Alto’s efforts ought expand visibility among U.S. government agencies are expected ought aid it affirm place at the competitive environment.

Zacks degree and A Key Pick

Palo Alto currently carries a Zacks degree #3 (Hold).

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