Sandboxing Market Overview
Sandboxing market size was valued at $10.2 billion
by 2026 by growing at a CAGR of 26.8% during 2021-2026. The growth is mainly
attributed to the significant investments in order to develop advanced cyber
security through sandboxing. Furthermore, the growing emphasis towards sandbox
security and advanced threat protection is also set to propel the market growth
in the future. The integration of information technology with the
Internet of Things (IoT) has paved the way for the breache of cyber security. The absence of the necessary identity and access management provision in the
IoT technology makes most business organizations vulnerable to malware attack.
Additionally, the implementation of the new and innovative technology such as
virtual hosting, code snippets and code access security for intrusion
prevention became a part and parcel for business organizations to secure
confidential information from breach of data protection. The introduction of
innovative technologies, such as Artificial Intelligence and the Internet of
Things, which allows for seamless convergence between the software, hardware
platform and the user, is energizing the potential for growth in the industry.
Report Coverage
The report: “Sandboxing Market – Forecast (2021-2026)”,
by IndustryARC covers an in-depth analysis of the following segments of the
Sandboxing market.
By Type: Solution, Service.
By System/Device: Mobile based and PC based.
By Deployment: On Premises,
Cloud based.
By Organization Size: Small and medium scale
enterprises, Large scale enterprises.
By Application: Network security, Data
protection, Safe web browsing, Application Security and others.
By End user: BFSI, Government, IT &
Telecom, Healthcare, Education, Retail, and Others.
By
Geography: North America
(U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia,
Netherlands and Others), APAC(China, Japan India, SK, Australia, Indonesia,
Malaysia and Others), South America(Brazil, Argentina, Chile, Colombia and
others), and RoW (Middle east and Africa).
Key Takeaways
- North
America dominated the Sandboxing market in term of revenue in 2019 owing
to the presence of major number of players.
- Increasing
adoption of Sandboxing in BFSI with the growing data breaches is set to
boost the adoption rate in the BFSI sector therefore is analysed to grow
at highest rate during the forecast period.
- Adoption of advanced technologies such as IoT, smart devices in various industries is poised to propel the market growth. As the sandbox provides security mechanism for running untested or untrusted programs or code, from unverified without risking harm to the host machine or operating system, these technologies will drive the market.
Sandboxing Market CAGR, By Deployment Type, 2021-2026
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Sandboxing
Market Segment Analysis - By Deployment
By deployment type the market is
segmented into on-premise and cloud. Cloud based is set to grow at highest rate
of 31.6% during the forecast period 2021-2026 owing to the high adoption in
many firms. Rendering the cloud provides the virtually infinite computing power
and enables the user to create realistic and high resolution images. Cloud
deployment provides greater flexibility. Adding to this, cloud-based sandboxing
solutions provide effective protection without suffering the common drawbacks
of degrading the network performance or being easily evaded by clever hackers with
better code
access security and virtual hosting,.
Sandboxing
Market Segment Analysis -By End user:
BFSI is the fastest growing segment in Sandboxing
market and is estimated to grow at a significant CAGR of 30.1% during forecast
period 2021-2026. As stated by fogerock, Banking/insurance and government
were the second and third most victimized industries, collectively comprising
20% of all breaches in 2018. Therefore the dire need of security is
resulting in demand for Sandboxing market. In 2019, The Reserve Bank of India
(RBI) recently finalized the setting up of a regulatory sandbox for banks,
lending institutions and fintechs by releasing the final enabling framework for
regulatory sandbox. In November 2019, YES BANK, India’s fourth largest private
sector bank has launched YES Fintech Developer, an API sandbox with over 50
virtual APIs and improved code access security and virtual hosting, at
Bengaluru. These strategies are aimed to customize the digital solutions for
it’s clients.
Sandboxing
Market Segment Analysis –By Geography
North America
dominated the Sandboxing market in 2020 with a share of 37.1% followed by
Europe and APAC owing to the early adoption of advanced technologies in this
region. In the U.S., identity threats highly target businesses. Hence, the
necessity to meet compliance requirements for securing hence contributing to the
market growth. As stated by Forgerock, 2.8 billion consumer data records
were exposed in US at an estimated cost of more than $654 billion in 2018.
Adding to this, the growing investments in the IT security is further
contributing to the market growth rate. A huge sum of $114B is invested by
enterprises in information security products and services in 2018.
Sandboxing
Market Drivers
Rise in demand of integrated and NGFW combining power of sandboxing:
Increasing data security has become
concern in the small, medium and large scale enterprises. Taking measures for
the prevention of data breach has become a priority in IT security teams. Forcepoint
applies layered anti-malware solutions and behavioural sandboxing to identify
the malicious nature of ransom ware variants. Therefore, the demand of Sandboxing
solutions is increasing and this drives the market growth.
Increasing usage of IoT and smart devices:
Increasing adoption of IoT and smart
devices in industries have created demand for Sandboxing solutions. Increase in
number of mobile devices among enterprises has posed issues for data management
in various systems, clouds and so on which increased the threat of cybercrimes.
Thus, organizations have been adopting advanced authentication security
solutions including sandboxing in order to protect sensitive information of
consumers. In smart homes, sandboxing based security models are deployed to
contain the malicious traffic and unauthorized modification of information to
limit potential attacks on integrity and confidentiality of data.
Sandboxing
Market Challenges
Easy availability of free software based sandboxing solutions
The easy availability of the free software based
sandboxing solutions is analysed to be a hindering factor for the market. The
market is diluted with the local players providing sandboxing solutions that
result in various security breaches, thereby restraining the market growth
rate. In September 2019, Microsoft launched Sandboxie, a sandbox program for
Microsoft's Windows operating system, has been turned into a free application.
Sandboxing Market Landscape
Product launches,
acquisitions, and R&D activities are key strategies adopted by players in
the Sandboxing market. Sandboxing market is expected to be dominated by major
companies such as Cisco Systems, Symantec Corp, Ceedo
Technologies, Palo Alto Networks Inc., Sophos Ltd, SonicWall Inc., Juniper
Networks, Inc. and others.
Acquisitions/Technology Launches/Partnerships
- In September 2019, Microsoft launched Sandboxie, a sandbox program for Microsoft's Windows operating system, has been turned into a free application.
Related Reports
Report Code: ITR
15327
Report Code: ITR 0266
1. Sandboxing Market Overview
1.1 Definitions and Scope
2. Sandboxing Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By End Use Industry
2.3 Key trends segmented by Geography
3. Sandboxing Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Sandboxing Market – Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. Sandboxing Market – Startup Company Scenario (Premium)
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. Sandboxing Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Sandboxing Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
8. Sandboxing Market – By Type (Market Size -$Million/Billion)
8.1 Solution Service
9. Sandboxing Market – By Organization Size (Market Size -$Million/Billion)
9.1 SME
9.2 Large Enterprises
10. Sandboxing Market – By Deployment (Market Size -$Million/Billion)
10.1 On Premises
10.2 Cloud
11. Sandboxing Market – By System/Device (Market Size -$Million/Billion)
11.1 Mobile Based
11.2 PC Based
12. Sandboxing Market – By Application (Market Size -$Million/Billion)
12.1 Network Security
12.2 Data Protection
12.3 Safety Web Browsing
12.4 Application Security
12.5 Others
13. Sandboxing Market – By End Use Industry (Market Size -$Million/Billion)
13.1 BFSI
13.2 Government
13.3 Retail
13.4 Healthcare
13.5 IT and Telecom
13.6 Education
13.7 Others
14. Sandboxing Market - By Geography (Market Size -$Million/Billion)
14.1 North America
14.1.1 U.S
14.1.2 Canada
14.1.3 Mexico
14.2 Europe
14.2.1 Germany
14.2.2 France
14.2.3 UK
14.2.4 Italy
14.2.5 Spain
14.2.6 Russia
14.2.7 Netherlands
14.2.8 Others
14.3 APAC
14.3.1 China
14.3.2 Japan
14.3.3 South Korea
14.3.4 India
14.3.5 Australia
14.3.6 Indonesia
14.3.7 Malaysia
14.3.8 Others
14.4 South America
14.4.1 Brazil
14.4.2 Argentina
14.4.3 Chile
14.4.4 Colombia
14.4.5 Others
14.5 RoW
14.5.1 Middle East
14.5.2 Africa
15. Sandboxing Market - Market Entropy
15.1 New product launches
15.2 M&A's, collaborations, JVs and partnerships
16. Sandboxing Market – Industry Competitive Landscape (Premium)
16.1 Market Share – Global
16.2 Market Share by Region
16.3 Market Share By End Use Industry
17. Sandboxing Market – Key Company List by Country Premium (Premium)
18. Sandboxing Market - Company Analysis
18.1 Company 1
18.2 Company 2
18.3 Company 3
18.4 Company 4
18.5 Company 5
18.6 Company 6
18.7 Company 7
18.8 Company 8
18.9 Company 9
18.10 Company 10