Network Security Sandbox Market is valued at USD 4635.3 Million in 2020 and expected to reach USD 84911.7 Million by 2027 with a CAGR of 51.5% over the forecast period.
Global Network Security Sandbox Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027 – Rising cases of cyber attacks coupled with the covid-19 outbreak globally, growing number of startups, increasing investments in the field of network security sandbox and Covid-19 outbreak globally are the significant factors which are driving the growth of the Global Network Security Sandbox Market.
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Key Players for Global Network Security Sandbox Market Report-
Some major key players for global network security market report cover prominent players like Check point Software Technologies Ltd., fortinet lnc., FireEye lnc., Lastline lnc., forcepoint, juniper Networks lnc., Symantec Corporation, Sonicwall, McAfee lnc., Palo Alto Networks lnc. and others.
Scope of Global Network Security Sandbox Market Report-
Sandboxing is a cyber security technique in which code is executed, observed, and analyzed in a secure, isolated network environment that closely resembles end-user operating environments. In network security, a sandbox is a tool in which a discrete, restricted environment is developed and certain functions are barred. As the name suggests, this isolated test functions as a kind of sandbox, where one can play with different variables. Sandbox computer security functions by executing code in an isolated space. The sandboxing does not risk the devices or operating systems i.e. it prevents the host devices and operating system. It evaluates potentially malicious software threats, one can use sandboxing to evaluate it for potential vulnerabilities before it goes live and it also can quarantines and eliminates zero-days threats. It works as complementary strategy to the other security products. Sandbox network security can be used in schools, colleges for secure large database of personal information, also used in corporations for securing wealth of financial information, so network security sandboxing is used in many industries or companies to secure private data. Sandboxing is frequently used to test unverified programs that may contain a virus or malicious code, without risking harm to the host device.
The COVID-19 outbreak has forced organizations and individuals to focus on the practices such as social distancing and remote working globally. Nevertheless, while the world is focused on the health and economic threats due to the pandemic, cyber criminals around the world undoubtedly are capitalizing on this crisis which has increased the demand for the network security. Thus, Covid-19 has shown a positive impact on the growth of the network security sandbox market.
The global network security sandbox market is divided into solution, services, application and regions & countries. Based on solution, the global network security sandbox market is segmented into standalone and services. Based on services, the market is divided into professional consulting, network security maintenance and product subscription. Based on application, the global network security sandbox market is segmented into BFSI, IT and telecommunication, retail, education, public sector, defense and others.
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Global Network Security Sandbox Market Segmentation:
By Solution:
Standalone
Services
By Services:
Professional consulting,
Network security maintenance
Product subscription
By Application:
BFSI
IT and Telecommunication
Retail
Education
Public sector
Defense
Others
The regions covered in global network security market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of global network security sandbox is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Rising Cases of Cyber Attacks coupled with the Covid-19 Outbreak Globally, Growing Number of Startups, Increasing Investments in the Field of Network Security Sandbox and Covid-19 Outbreak Globally are the Major Factors Driving the Market Growth
Increased cases of security breaches and Covid-19 outbreak globally is one of the major factors driving the market growth. For example; Cybersecurity experts predicts that in 2021, there will be a cyberattack incident every 11 seconds. This is nearly twice what it was in 2019 (every 19 seconds), and four times the rate five years ago (every 40 seconds in 2016). It is expected that cybercrime will cost the global economy $6.1 trillion annually, making it the third-largest economy in the world, right behind those of the United States and China. In addition, growing number of startups is also fostering the growth of global network security sandbox market. For instance; Axis Security an new cyber security start-up established in 2019 in healthcare and information technology sector whose headquarter is in San Mateo, California. Furthermore, increasing investments in the field of network security sandbox market is also supplementing the market growth. For instance, according to joint study by CBInsights and PwC, various players invest over US$ 10.7 billion in 2020. As cyber attacks are becoming a major issue in many industries and companies working from over the internet, the need of security is increased.
However, high implementation cost and lack of technical expertise may hamper the growth of global network security sandbox market. In spite of that, increasing penetration of cloud-based security solution may create more opportunities for the further growth of the market.
North America is Anticipated to Dominate the Global Network Security sandbox Market
Geographically; North America is expected to dominate the global network security sandbox market over the forecast period due to increasing incidents of cyber attack and high investment in new technology. For instance; according to Check Point Software Security Report 2020, In April 2019, unprotected Amazon services resulted in the exposure of more than half a billion records of Facebook users due to third party apps. Misconfigured Box accounts exposed terabytes of sensitive data, including sensitive income information for roughly 80 million Americans.
Asia Pacific is expected to grow fastest growth in this market owing to the growing digitalization in various sectors, rising cases of cyber attacks and growing adoption digitization in this region. For instance; according to Asian Economic Integration Report 2021, Asian economies are undergoing digitalization; this is due to evolution and growing use of information and communication technology (ICT), like electronic tools, systems, and audiovisuals. Digitalization is incorporation of internet and data into production processes and products, fixed capital formation etc.
Key Benefits of Global Network Security Sandbox Market–
Global Network Security Sandbox Market report covers in-depth historical and forecast analysis.
Global Network Security Sandbox Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Global Network Security Sandbox report helps to identify opportunities in marketplace.
Global Network Security Sandbox Market report covers extensive analysis of emerging trends and competitive landscape.
Network Security Sandbox Market By Regional & Country Level:
North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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