Rising Security Needs of Corporate Networks Against Advanced Malware and Security Breaches Tends to Drive the Network Security Sandbox Market Growth.
The Network Security Sandbox Market is forecast to reach $42.5 billion by 2027, growing at a CAGR of 52.5% from 2022 to 2027. The network security sandbox is an important security approach as it separates applications and prevents malfunctioning programs from spying or causing damage to the rest of the machine. Web pages are executed in a sandbox by a web browser. This can only execute in the browser and has access to a limited range of resources. As a result, without the user’s permission, the site cannot access the webcam or read the files on the computer. Malicious websites can install viruses on the PC if they are not sandboxed. Information technology’s integration with the Internet of Things (IoT) has opened the way for cyber security breaches. Most commercial organizations are vulnerable to malware attacks due to the lack of required identity and access control provisions in IoT technologies. Furthermore, using new and creative technologies for intrusion prevention has become an integral component of commercial companies’ efforts to protect private data from data breaches. The industry’s potential for development is being energized by the advent of revolutionary technologies such as Artificial Intelligence, the Internet of Things, application refactoring, elastic block storage, lift-and-shift migration, and infrastructure as a service which allow for seamless convergence between the software, hardware platform, and the user. Hence, these factors will drive Network Security Sandbox market size in the forecast period 2022-2027.
Network Security Sandbox Market Segment Analysis – By Solution Type
By Deployment type, Network Security Sandbox market is segmented into Standalone Solution, Integrated Solution. Integrated Solution segment is estimated to witness significant market growth with CAGR 49.5% during the forecast period 2022-2027. The expanding use of cloud technologies and virtual servers has increased the demand for an integrated network security solution to be incorporated into various business operations. Furthermore, an increase in the number of severe rules and regulations regulating the storage of data on local servers rather than foreign cloud servers is expected to exacerbate the domestic market in the years ahead. However, the increased costs connected with incorporating an integrated solution are impeding the marker’s expansion. Furthermore, the standalone market sector has seen significant development in recent years, owing to the increasing use of this technology in small and medium-sized organizations. Thus, above mentioned factors are analyzed to drive the market in the forecast period 2022-2027.
Network Security Sandbox Market Segment Analysis – By End User
This market is segmented into BFSI, IT Telecommunication, Retail, Education, Healthcare, Public Sector, Government and Defense, Others, on the basis of End User. Retail segment is anticipated to witness significant amount of growth with CAGR of 51.3% during the forecast period 2022-2027. The retail industry is the most appealing target for hackers due to the vast amount of personal information held by clients. Retailers can now bring the best of online digital engagement into the shop setting due to technological advancements. Due to the potential rewards and enormous amount of monetary transactions using VISA, master card, and credit cards, this vertical is one of the most cost-conscious industries and is the most targeted vertical for cyber-attacks. Vulnerabilities and cyber-attacks allow for a shift from circumventing security controls to implementing SaaS applications and, more recently, the newest in-store technology.
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Network Security Sandbox Market Segment Analysis – By Geography
North America dominated the market by a market share of approximately 30% in 2021. Threat intelligence solutions have been in high demand in recent years as the number of cyber-crime, security, and threat breaches has increased. The ongoing development and use of new technologies such as cloud computing, AI, and the Internet of Things (IoT), as well as their deployment across multiple industries, has opened a new area for the development of critical threat intelligence software and solutions. It is likely to remain the largest market due to rising GDP and significant expansion in the banking and retail sectors. Furthermore, firms that utilise advanced threat detection technology to secure critical external information have experienced rapid regional expansion. The availability of modern IT infrastructure and advanced threat detection technologies for the security of sensitive information amongst different businesses in this region is also driving market expansion in this region. In the industrialized economies of the United States and Canada, there is a great emphasis on advances derived from research and development (R&D) and security technologies. Moreover Network Security Sandbox market in APAC is expected to grow at highest rate during the forecast period 2022-2027. The government in this region is focusing on developing a strict structure to deal with any cyber-threats. With the increasing number of breaches occurring across the country, the creation of a safe framework for all government entities has never been more important. Along with R&D spending, governments are recruiting chief information security officers to identify and record the security requirements that arise with each technological advance. Hence, such factors together are analysed to drive the market in the forecast period 2022-2027.
Network Security Sandbox Market Drivers
Rising security needs of corporate networks against advanced malware and security breaches tends to drive the market growth for Network Security Sandbox:
The worldwide network security sandbox market is predicted to increase due to rising worries among various companies about advanced persistent threats, cyber threats, and information security breaches. In July 2020, LogRhythm, Inc. announced the release of version 7.5 of its NextGen SIEM platform, as well as Open Collector technology. The SIEM platform and Open Collector technology work together to enable security professionals discover threats quicker, minimise administration time, and prevent mistakes by developing filters using Lucene assistant support. In May 2019, Canva, a visual design platform located in Australia, discovered a data breach on its server. Gnosticplayers, the alleged attacker, disclosed 137 million members’ personal information, including usernames, email addresses, and home addresses, as well as hashed with crypt passwords. Following high-profile data theft and breaches, it’s critical for businesses to assess future dangers, mandating a reconsideration of cyber security plans which in turn benefits the market growth.
Integration of IOT causing cyber-attack risk which is analyzed to propels the market growth for Network Security Sandbox:
The Internet of Things (IOT) links devices with other devices and humans for gathering, analyzing and acting on data in a number of ways. With the expansion of IOT and adoption of IOT devices, the IOT results in heavy dependence of IOT on cloud infrastructures for processing, storing, and analyzing the huge volumes of data apprehended by sensors, trackers, and monitoring devices in a wide variety of settings. In August 2018, HiTSDB (High-Performance Time Series Database) was launched by Alibaba Cloud that enhanced the migration of IOT devices to the cloud. With the rise of the Internet of Things (IoT), enterprises are increasingly reliant on massive volumes of data. Sharing information across digital interfaces, both internally and internationally, has opened the door for hacktivists and cybercriminals to get access to networks. As a result, the necessity for cyber protection is critical among enterprises. Furthermore, the fast increase in vulnerabilities, threats, frauds, and hazards has prompted organizations to adapt strategic strategies to resist cyberattacks, boosting market expansion.
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Network Security Sandbox Market Challenges
Lack of Expertise and Skills act as hindrance to the market growth for Network Security Sandbox Market:
Although Network Security Sandbox Market is growing at a rapid phase, the lack of technical expertise estimated to hinder the market growth. For using Network Security Sandbox and to get the complete benefits of this technology, experienced workers with specific skills are required which is hard to find. According to report of ESG and the Information Systems Security Association (ISSA) 2019, only 7% of cybersecurity professionals claim that their organization has improved its position relative to the cybersecurity skills shortage over the past few years. Alternatively, 45% say that things have gotten worse while 48% believe things are about the same today as they were in the past. Hence, the lack of skilled experienced workers will hinder the market growth in the forecast period 2022-2027.
Network Security Sandbox Industry Outlook
Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Network Security Sandbox market. In 2021, the market of Network Security Sandbox industry outlook has been fragmented by several companies. Network Security Sandbox top 10 companies include
Cisco System Inc
Palo Alto Networks Inc
Juniper Networks Inc
Symantec Corporation, among others.
In March 2020, Airtel partners with Cisco to introduce India’s First Integrated Ethernet over Fiber Network to help more people connect to the Internet and do more. New network integrates Cisco IP and optical solutions along with segment routing to improve overall network availability and extend services in rural communities.
In May 2019, Palo Alto Networks has launched Prisma, a new cloud protection platform designed to help its client’s lead digital life in a more secure way. Prisma Access1 secures access to the cloud for branch offices and mobile users anywhere in the world with a scalable, cloud-native architecture, blending enterprise-grade security with a globally scalable network.
In September 2019, Microsoft launched Sandboxie, a sandbox program for Microsoft’s Windows operating system, has been turned into a free application which in turn contributes towards the market development.
North America dominated held the major market share of 30% in 2021. This is mainly attributed to increasing GDP, rapid growth in the financial and retail sectors and others.
Growing cases of cyber-attacks, security threats, IoT and connected device vulnerabilities, and developing pressure from cybersecurity laws positively impacts the market growth.
The rising use of cloud technologies has increased the demand for a comprehensive network security solution among businesses.
Relevant Report Title:
Cyber Security Market
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