January 2021
BWC20282

180
global cybersecurity sandbox market
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
Attribute |
Details |
Years Considered |
Historical data – 2016-2019 Base Year – 2020 Forecast – 2021 – 2027 |
Facts Covered |
Revenue in USD Million |
Market Coverage |
U.S,
Canada, Germany, UK, France, Italy, Spain, Russia, Brazil, Japan, South
Korea, China, UAE, South Africa, UAE, Turkey, India, Rest of APAC, Mexico,
Argentina, Rest of Latin America, Saudi Arabia, Rest of MEA, Rest of Europe,
GCC |
Product/Service Segmentation |
By Solution, By Application and By Region |
Key Players |
Check
Point Software Technologies Ltd. ,Cisco Systems, Inc. ,FireEye, Inc.
Fortinet, Inc. ,Juniper Networks, Inc. ,Palo Alto Networks, Inc. ,Sophos Ltd.
,Symantec Corporation; Fortinet, Inc.; McAfee, LLC; Broadcom (Symantec
Corporation), Ceedo Technologies Ltd. Forcepoint McAfee LLC; SonicWall Inc. ;
and Zscaler, Inc. |
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
We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at
Contact NowWHY CHOOSE US
-
24/7 Research support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Coustom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs.
-
Quality & Accuracy
offers best quality reports based on various authentic and accurate data findings.
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.