Global Cybersecurity Sandbox Market, By Solution (Professional Consulting, Network Security Maintenance); By Application( Aerospace & Defense, Government & Utilities, Retail and Education and Others); By Region (North America, Europe, Asia Pacific, and Rest of the World); Trend Analysis, Competitive Market Share & Forecast, 2021-2027.

Global Cybersecurity Sandbox Market size- Industry Trends & Forecast Report 2027.

The global Cybersecurity Sandbox market is growing at a potential growth rate Year-over-Year (YoY) and has reached USD 7.3 billion in 2020. The market is further expected to touch USD 15.0 billion by 2027, growing at a CAGR of 11.8% during 2021-2027 (forecast period). The Cybersecurity Sandbox market is likely to grow in the forecast timeframe due to the development of multiple advanced anti-malware gateways from market key players in the field of cybersecurity such as Blue Coat, Check Point, Cisco, FireEye, and Trend Micro is also anticipated to aggravate the market growth. Due to the early adoption of IoT applications, the market would likely grow.

Source: BlueWeave Consulting

Global Cybersecurity Sandbox Market Overview:

In the field of cybersecurity, a sandbox is defined as an isolated environment on a network that mimics end-user operating environments. The sandboxes are particularly used to safely execute suspicious code without risking harm to the host device or network. Additionally, a sandbox is known as a safe isolated environment that replicates an end-user operating environment where a person can run code, observe it, and rate it based on activity rather than attributes. A person can run executable files, allow contained network traffic, and more that can contain hidden malware in a sandbox.

Global Cybersecurity Sandbox Market Forecast and Trends

Growth Drivers 

Increased sophistication in attacking techniques 

The increasing sophistication of cyber-attacks means stronger strategies are needed in finance, and this is acting as a major driver for the market. Cyber-attacks are now on the rise and the world financial system is at risk. IT security has become more and highly prioritized by different organizations, due in some cases to increased threats and in other cases, tougher legislation. Thus, financial organizations must take a tougher stance and consider their cyber-security strategies. A network security sandbox is a securely controlled situation where programs can be run. The network security sandbox permits the programs as much consent as it needs.

Need for stringent security compliances and government regulations 

The need for stringent security compliances and government regulations is acting as the major driver for the market. The directory includes laws, regulations, and industry guidelines with significant security and privacy impact and requirements. Complying with the requirements of the National Law and Regulations is important for several reasons: such as to ensure the safety, health, and wellbeing of persons. Also, compliance can ensure that a company can uphold a positive image and build consumer trust. This will also help in building consumer loyalty since customers are more likely going to return to a service or product from a company they identify as trustworthy. 

Restraints 

Easy availability of free software-based sandboxing market solutions 

The network sandboxing software provides a safe space for suspicious network traffic and objects can be easily evaluated against a database of known threats and assigned a malware probability score. Additionally, to qualify for inclusion in the Network Sandboxing category, a product must provide an isolated space for threats to be evaluated. Thus, it is important to maintain a library of known threats and assigned malware scores. This factor is acting as the major restraint for the market. 

Impact of COVID-19 in industry

The global economy and humanity have been pushed into a crisis due to the COVID-19 pandemic. Due to the high infection rate and adverse impact on public health systems, various governments have enforced nationwide lockdowns significantly impacting manufacturing supply chains, trade, and related services. Players are currently considering digital solutions that would enable them to serve the community and provide new opportunities to do business. The production, manufacturing, supply chain, and other operations, have slowed down globally aimed to limit the spread of coronavirus,

The global impact of the coronavirus disease 2019 (COVID-19) is likely only beginning and would significantly affect the Cybersecurity Sandbox market in 2020. The outbreak of COVID-19 has brought with it travel bans and quarantines; massive slowing of the supply chain; uncertainty in the stock market; falling business confidence, and growing panic among the population. Despite the growing uncertainty and panic, technology suppliers must continue to focus on their long-term investments, maintain engagement with partners and prospects, and look to specific markets for stability.

Global Cybersecurity Sandbox Market: By Solution

Based on the Solution, the Cybersecurity Sandbox market is segmented into professional consulting, network Security maintenance. A cybersecurity consultant mainly performs a variety of roles within the cybersecurity field. They also play both the attacker and the defender in computer systems, networks, and software programs. After looking at what weaknesses there are and figuring out how to strengthen systems to prevent hackers from exploiting vulnerabilities. This segment is likely to grow in the market followed by network security maintenance. 

Source: BlueWeave Consulting

Global Cybersecurity Sandbox Market: Regional Insight

North America region is likely to dominate in the Cybersecurity Sandbox market, followed by the Asia Pacific, and others. The developing countries like the US and Canada have major opportunities for industrial production, retail sales, and fixed-asset investment for Cybersecurity Sandbox. Several other economies such as Indonesia, the Philippines, and Singapore in the Asia Pacific region are also forecast to grow at modest rates. The company's productivity is directly proportional to the productivity of workers. Hence, businesses in these regions are commonly embracing different instruments to help workers increase their productivity.

Source: BlueWeave Consulting

Recent Development

·         Recently, Palo Alto Networks had acquired LightCyber, which brought them LightCyber’s highly automated and behavioral analytics technology, capable of identifying attacks based on behavioral anomalies inside the network, into Palo Alto Networks’ suite of security solutions.

·         Symantec had unveiled many innovations in its cloud security platform that includes new malware analysis service, speeding deployment of on-premises policies to the cloud, cloud workload protection for AWS and Microsoft Azure, and cloud-based Web Application Firewall for AWS.

Competitive landscape

The Global Cybersecurity Sandbox market is fragmented owing to the presence of several companies that provides varied Cybersecurity Sandbox products. However, the companies that hold the majority share of the Cybersecurity Sandbox market include Check Point Software Technologies Ltd., Cisco Systems, Inc., FireEye, Inc. Fortinet, Inc. Fortinet, Inc.; McAfee, LLC; Broadcom (Symantec Corporation), Juniper Networks, Inc., Palo Alto Networks, Inc., Sophos Ltd., Symantec Corporation; Ceedo Technologies Ltd. Forcepoint McAfee LLC; SonicWall Inc.; and Zscaler, Inc. and other prominent players.

In the Global Cybersecurity Sandbox market, prominent market participants compete based on price and product quality. Small and medium-sized market players are expected to show considerable improvements in the foreseeable future, given the moderate level of capital expenditure needed to set up a business. The large-sized companies, however, are likely to aim for global expansion, in a bid to gain a more considerable brand reputation.

Scope of the Report

Scope of the Report

By Solution

Ø  Professional Consulting

Ø  Network Security Maintenance

By Application

Ø  Aerospace & Defense

Ø  Government & Utilities

Ø  Retail and Education

Ø  Others

By Region

Ø  North America

Ø  Europe

Ø  Asia Pacific

Ø  Middle East and Africa

Ø  Latin America