The network sandboxing market is estimated to grow with a CAGR of 15.7% from 2022 to 2032, pushing the market size to USD 34.9 Billion by 2032. The market is anticipated to reach USD 8.1 Billion in 2022.
Many enterprises are trying to adopt the BYOD policy for the betterment of their employees and the corresponding work assigned to the employees. BYOD provides several 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 the adoption of BYOD policy in business processes. As a 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, the cloud computing platform is one of the targeted cyber environments. According to Triskele Labs, cloud cyber-attacks account 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 around 10.8 Billion sensitive entries (up to 7 TB of data). Therefore, a growing number of cloud cyber-attacks ultimately are fueling the demand for network sandboxing market.
Key Takeaways from the Network Sandboxing Market Report:
- 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, the services segment is estimated to grow at a higher CAGR of 16.7% through 2032.
- Among the enterprise size, the SME 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 the 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 the forecasted period.
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Network Sandboxing Market: Competitive Landscape
A fervent spirit of innovation, research, and development defines the landscape of network sandboxing market players. This drive compels them to craft diverse solutions catering to varied industry applications. An unwavering commitment to expanding global footprints is evident in strategic investments in mergers, acquisitions, and collaborations. Notable instances include:
- In April 2020, Zyxel set the stage for transformation by forging an alliance with MacAfee. This alliance birthed a robust one-box security solution, tailored for Small and Medium Enterprises (SMEs). The synergy between ZyWALL ATP firewalls and MacAfee’s expertise fosters formidable network defense against malware. This collaboration resonates with the delivery of secure, cloud-powered, and AI-enhanced solutions for both businesses and homes.
- The dawn of April 2022 witnessed Fortinet’s strategic leap with the introduction of FortiOS 7.2. This new iteration elevates the foundation of the Fortinet Security Fabric and its flagship operating system. Within this enhancement, the deployment of advanced AI-powered FortiGuard security services finds prominence, resonating with Fortinet’s dedication to cutting-edge solutions.
Leading Key Players:
- Check Point Software Technologies
- Cisco Systems
- Fortinet
- FireEye
- Microsoft
- Juniper Networks
- Palo Alto Networks
- Sophos
- Symantec Corporation (Broadcom)
- Forcepoint
- McAfee
- SonicWall
- Zscaler
- Crowdstrike
- Lastline
- ContentKeeper Web Filter Pro
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Network Sandboxing Market Segmentation:
By Component:
- Solution
- Standalone Network Sandbox
- Hardware
- Cloud-based
- Integrated Network Sandbox
- Hardware
- Cloud-based
- Standalone Network Sandbox
- Service
- Professional Services
- Consulting
- Training and Education
- Support & Maintenance
- Managed Services
- Professional Services
By Enterprise Size:
- Small and Mid-Sized Enterprises (SMEs)
- Large Enterprises
By Vertical:
- BFSI
- Government and defense
- Retail
- Healthcare
- IT and telecom
- Education
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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