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 | 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
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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