U.S. 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.

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

The U.S. Cybersecurity Sandbox market is growing at a potential growth rate Year-over-Year (YoY) and has reached USD xx billion in 2020. The market is further anticipated to reach USD xx billion by 2027, with a growth CAGR rate of xx% during 2021-2027 (forecast period). The Cybersecurity Sandbox market is likely to grow in the projected period as several enhancements and advanced anti-malware getaways are promised to form the key market players in the field of cyber- security. Which is Blue Coat, Check Point, Cisco, FireEye, and Trend Micro. The initial adoption of IoT applications and the devising of new smart city projects would also aggravate the market growth. 

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U.S. Cybersecurity Sandbox Market Overview:

In terms of cybersecurity, a sandbox is a mechanism made for security purposes. It has a security mechanism for running programs, generally used to avert system failures and/or software malware & vulnerabilities from spreading. Therefore, it is often used to run/ execute untested, untrusted programs and codes, sourcing possibly from unverified or untrusted users, third parties, or websites. Avoiding the harm and risk to the host machine or operating system. An individual or user can run executable files, allow contained network traffic, and more that can contain hidden malware in a sandbox.

U.S. Cybersecurity Sandbox Market Forecast and Trends

Growth Drivers 

Growing sophistication in attacking techniques 

The increase in the number of sophistication and varied methodologies used in cyber-attacks are creating an elevated need for stronger strategies than ever. Resulting in the need for financial support hence eventually obtaining a major driver for the market. Cyber-attacks are now on a rise and are targeting the world financial system, imparting a risk. That’s the reason why IT security has become more and highly prioritized by different organizations which has led to increased threats and in other cases, tougher legislation. Hence, financial organizations must take a tougher stance and consider their cyber-security strategies. A network security sandbox is a securely controlled situation where programs could run. Also, the network security sandbox permits the programs as much consent as it needs.

Requirement for stringent security compliances and government regulations 

The need for stringent security compliances and government regulations is acting yet another major driver for the market. Since in the past decades the U.S. has had some major achievements in the field of technological advancements. Also, various terror activities have been always a matter with the U.S. Congress. Therefore, the information couldn’t be anyhow compromised at any level. Moreover, the application of stringent security would be helpful. With the help of directories. 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 

Ease of availability of free software-based sandboxing market solutions 

Network sandboxing software provides a safe space from suspicious and suspected network traffic. Objects can be easily evaluated against a database of known threats and assigned a malware probability score. Also, 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

United States’ economy and humanity have been pushed into a crisis due to the COVID-19 pandemic. Because of the high infection rate and adverse impact on public health systems, various governments have enforced nationwide lockdowns. It significantly impacted manufacturing supply chains, trade, and related services. The main players are currently considering digital solutions that would enable them to serve the community and provide new business opportunities. The production, manufacturing, supply chain, and other operations, have slowed down regionally aimed to limit the spread of the corona virus. The regional 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 travel bans and quarantines with it, resulting in a massive decrease in 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.

U.S. 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 cyber security 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. 

U.S. Cybersecurity Sandbox Market: By Application

Based on Application, the segment is divided into Aerospace & Defense, Government & Utilities, Retail and Education, and Others. The rising application cybersecurity sand box is credited to the objectives which could easily be achieved such as software testing and cyber security. In recent decades, the aerospace & defense segments in the U.S. have made substantial growth. Due to the constant threats towering at the U.S. at multiple levels. Therefore, the preparedness the Sandboxes provide makes the data & information safe from hackers and cyberattacks for industries, retail, and education (Schools, colleges, etc.) sectors as well. 

Recent Development

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

·         Symantec had unraveled many enhanced 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 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 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 regional 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