According to the network sandboxing market analysis by Future Market Insights (FMI), the adoption of network sandboxing market is estimated to grow with a CAGR of 15.7% from 2022-2032, pushing the market size to US$ 34.9 Bn by 2032.
Growing adoption of BYOD (Bring Your Own Device) trend and IoT across the IT sector is propelling demand. BYOD is where employees can use their personal devices to connect or to access work-related files using the organizational network and potentially confidential or sensitive data.
Many enterprises are trying to adopt BYOD policy for the betterment of their employees and the corresponding work assigned to the employees. BYOD provides a number of benefits to the users such as cost reduction, and a flexible working environment. Data security is one of the most important and biggest concerns when it comes to adoption of BYOD policy in the business processes. As result of this, the BYOD policy implemented in the enterprises is driving the demand for network sandboxing solutions.
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As per cybersecurity vendor McAfee, cloud-based data is more vulnerable than data on on-site servers. Therefore, cloud computing platform is one of the targeted cyber environments. According to Triskele Labs, cloud cyber-attacks are accounted for 20% of all cyber-attacks. In recent years, the popularity of cloud computing has evolved substantially. Off-site service platforms offer computing, storage, or hosting services with the help of cloud infrastructure. Such cloud infrastructure is highly vulnerable to cyber-attacks.
For instance, in 2020 an adult live streaming website CAM4 fell victim to a cloud cyber-attack and exposed of around 10.8 Bn sensitive entries (upto 7 TB of data). Therefore, growing number of cloud cyber-attacks ultimately are fueling the demand for the network sandboxing solutions.
Key Takeaways:
- By component, the solution segment is anticipated to account for the leading share in the global demand for network sandboxing during the forecast period. However, services segment is estimated to grow at a higher CAGR of 16.7% through 2032.
- Among the enterprise size, SMEs segment is estimated to grow at a higher CAGR of 17.4% during the forecast period.
- By vertical, the BFSI segment is anticipated to grow at a leading CAGR of 19.1% between 2022 & 2032.
- North America is dominating the network sandboxing market followed by Europe in 2022. South Asia & Pacific is estimated as the fastest growing region during the forecast period.
- The U.S. network sandboxing market is expected to progress at a CAGR of around 11.5% through 2032.
- In East Asia region, the China network sandboxing market is expected to grow by 5.6X during the forecast period. Moreover, Japan is expected to grow at the highest CAGR of 20.9% during forecasted period.
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More Valuable Insights on Network Sandboxing Market
Future Market Insight’s report on the network sandboxing market research is segmented into four major sections – component (solution (standalone (hardware and cloud-based), and integrated (hardware and cloud-based)) and services (professional services (consulting, training and education, and support and maintenance), and managed services)), enterprise size (Small And Mid-Sized Enterprises (SMEs) and large enterprises)), industry (BFSI, government and defense, retail, healthcare, IT and telecom, education, and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the network sandboxing demand outlook.
About Electronics, Semiconductor and ICT Division at Future Market Insights
Expert analysis, strategic recommendations and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on solutions, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry.
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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