APAC to be a Key Market for Sandboxing due to the Rising Number of Cyber-Attacks in the Enterprises

Sandboxing is security software that helps enterprises to detect malware codes in a virtual environment, thereby preventing malicious programs from damaging the rest of the programs on system. Sandboxing solutions and services basically protect networks, endpoints, and devices from different malicious and advanced cyber-attacks. It further helps the public and private organizations in preventing security threats, cost cutting, and enhancing the information security infrastructure. Due to this, enterprises are rapidly adopting advanced sandboxing solutions and services for protecting their networks and systems from cyber threats, thereby leading to the high growth of the global sandboxing market.

Sandboxing market overview

The global sandboxing market which is estimated to be worth USD 2.90 Billion in 2017 is projected to reach a value of USD 9.40 Billion by 2022, growing at a CAGR of 26.5% during the forecast period from 2017 to 2022.

Based on component, the solutions segment is expected to hold the largest market share in 2017, and also continue dominating the market over the forecast period. This growth is mainly because of the increased usage of advanced technologies, and web and cloud applications in organizations, which in turn has increased the need to secure IT infrastructure from advanced cyber-attacks.

Among industry verticals, the government and defense vertical is expected to hold the largest market share in 2017, owing to the high adoption of sandboxing solutions in this sector. However, the BFSI vertical is projected to witness the highest growth during the forecast period, owing to the increasing usage of mobile devices and IoT applications for banking and payment processes.

How is the sandboxing market progressing, geographically?

Among regions, the market in North America, followed by the European is expected to hold the highest market share over the forecast period, owing to the presence of various sandboxing vendors in this region. Moreover, the increasing focus on innovations acquired from R&D and security technologies, especially in developed nations like the U.S. and Canada is likely to further boost the growth of this market. However, the market in Asia-Pacific is estimated to be the fastest-growing market for sandboxing in the coming years. This growth can be primarily attributed to the wide presence of SMEs in this region that are actively adopting sandboxing services for defending themselves against malicious attacks, such as ransomware, Distributed Denial of Service (DDoS) attacks, and APTs. Also, rapid adoption of Internet of Things (IoT) devices and the Bring Your Own Device (BYOD) technology within organizations are the other factors responsible for the growth of sandboxing market in this region.

What are factors impacting the market growth?

The growth of the worldwide market for sandboxing is being primarily influenced by the following factors:

  • Rising need to protect enterprise networks from advanced malwares and security breaches
  • Increasing levels of sophistication in attacking techniques
  • Strict security compliances and government regulations

Apart from these, growing demand for integrated and NGFW combining power of sandboxing and changing business practices with the rising adoption of emerging technologies is expected to offer ample opportunities for the growth of this market.

On the other hand, easy availability of free software-based sandboxing solutions is a major factor that may hinder the growth of this market. Moreover, lack of knowledge regarding advanced network attacks and shortage of security professionals and experts on new technologies is the key challenges to be tackled by the market players in order to witness sustained growth.

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Key players and strategies adopted

The major companies offering sandboxing solutions and services globally include Check Point Software Technologies Ltd. (California, US), Cisco Systems, Inc. (California, US), FireEye, Inc. (California, US), Fortinet, Inc. (California, US), Juniper Networks, Inc. (California, US), Palo Alto Networks, Inc. (California, US), Sophos Ltd. (Oxfordshire, UK), Symantec Corporation (California, US), Ceedo Technologies (2005) Ltd. (Netanya, Israel), Forcepoint (Texas, US), McAfee LLC (California, US), SonicWall Inc. (California, US), and Zscaler, Inc. (California, US). Different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and acquisitions are being implemented by these companies in order to enhance their portfolio as well as maintain their position in the market.

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