Global Cybersecurity Sandbox Market is Projected to Reach USD 15.0 Billion by 2027, Growing at a CAGR of 11.8% During 2021-2027
Published | 21 January 2021
According to BlueWeave Consulting, the global cybersecurity sandbox market worth USD
7.3 billion in 2020, and is further projected to reach USD 15.0 billion by
2027, growing at a CAGR of 11.8% during 2021-2027 (forecast period). The key
players of the market are focusing on reducing the price of these machines
owing to the intense competition among the vendors and this would also help in
launching new and different services. The presence of a various number of
developers has also enabled them to adopt the pricing strategy to reduce the
cost and gain a considerable market share. However, the high cost involved in
the implementation of these devices, along with the lack of technical
expertise, and high power consumption is expected to hamper the industry
growth.
Increased sophistication in attacking
techniques
Enterprises are using different advanced security techniques and
the procedures to provide more resilient protection to the IT infrastructure,
and secure applications and business-sensitive information. Though,
cybercriminals are also developing advanced practices to enter the
organizational assets. The key players are using multivector and multistage
attack strategies to target the networks of organizations. Hacking could also
be used for malicious purposes to destroy someone’s business applications as
well as a means of getting some financial gain. The raised in the level of
sophisticated attacks would create the need for advanced security solutions for
driving the sandboxing market.
Lack of awareness about advanced network
attacks is acting as a challenge for the market
Data breach, misconfiguration, along with insecure interfaces
and APIs, account hijacking, malicious insider threats, and DDoS attacks are
among the top cloud security threats that will continue to haunt firms failing
to invest in a robust cloud security strategy. But the lack of awareness about
advanced network attacks is acting as a challenge for the market. Network
security is inevitably complex, thus creating a lack of awareness among the
end-users. Done properly, it covers the full scope of IT, from general
awareness of applicable regulations and policies down to the protection of
specific data sets
Professional Consulting occupy the
largest share of the Global Cybersecurity sandbox market
Based on the Solution, the Global Cybersecurity Sandbox market is
segmented into professional consulting, network Security maintenance. A
cybersecurity consultant performs a variety of roles within the cybersecurity
field. Today’s hacking teams are knowns for the usage of comprehensive hacking
techniques, which are difficult to detect for a long time. The increased level
of sophisticated attacks would create the need for advanced security solutions
for driving the sandboxing market. 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.
Global Cybersecurity sandbox Market:
Regional insights
North America catering the largest share and expected to witness
significant growth in the Cybersecurity sandbox market during the forecast
period. The high industry growth rate, with the emergence of new technology, is
the major reason. The key providers are continuously upgrading their offerings
to differentiate them from other competitors. This is achieved by various
organic and inorganic strategies. Suppliers operating in the industry are
continuously working on new development, technical expertise, and in-house
capabilities. High opportunity makes the Cybersecurity sandbox market more
competitive and suppliers are trying hard to capture the clients. The market is
highly acceptable to innovative products, however, considering the risks
involved in business continuity implementers are still considering brand over
new offerings in the market.
Global Cybersecurity sandbox Product
Market: Competitive Landscape
The leading players in the global Cybersecurity sandbox product
market include Check Point Software Technologies Ltd., Cisco Systems, Inc.,
FireEye, Inc. Fortinet, Inc., Juniper Networks, Inc., Palo Alto Networks, Inc.,
Sophos Ltd., Symantec Corporation; Ceedo Technologies Ltd. Forcepoint McAfee
LLC; SonicWall Inc.; and Zscaler, Inc, are expanding their presence in the
market by implementing various business strategies. Major players are engaged
in mergers and acquisitions, expansion of their manufacturing facilities,
infrastructural growth, investment in R&D facilities, and the quest for
opportunities to expand vertically through the value chain.
Don’t miss the business opportunity of
the Global Cybersecurity sandbox market. Consult our analysts, gain crucial
insights, and facilitate your business growth.
The in-depth analysis of the report provides information about
growth potential, upcoming trends, and statistics of global Cybersecurity
sandbox market size & forecast. The report promises to provide recent
technology trends of theGlobal Cybersecurity sandbox market and
industry insights that help decision-makers to make sound strategic decisions.
Furthermore, the report also analyzes the growth drivers, challenges, and
competitive dynamics of the market.
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