Market Research Future (MRFR) has published on the “Global Cloud Sandboxing Market”.
The Cloud Sandboxing market is estimated to register a CAGR of 17.20% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Cloud Sandboxing market— Fireeye, Forcepoint, Mcafee, Juniper Networks, Cisco Systems, Symantec Corp, Zscaler, Palo Alto Networks, Check Point Software Technologies, Sophos Group, Sonicwall, Ceedo Technologies, Foritnet.
Cloud Sandboxing Market Highlights
The global Cloud Sandboxing market is accounted to register a CAGR of 17.20% during the forecast period. It is estimated to reach USD 7.5 billion by 2032.
The growing demand for data security and the rising need for automated testing programs due to rising cyber-attacks are anticipated to increase the growth of the cloud sandboxing market. The lack of expert technicians and the high cost of cloud-based solutions is anticipated to grow as a result of investments in data security solutions. Additionally, the rising adoption of cloud-based applications and advanced security solutions is anticipated to spur the use of Cloud Sandboxing, which is anticipated to promote the growth of the global Cloud Sandboxing market.
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Segment Analysis
The global Cloud Sandboxing market has been segmented based on type and application.
On the basis of type, the market is segmented into standalone sandbox and integrated sandbox. The standalone sandbox segment was attributed to holding the largest market share in 2022 due to rising use by organizations to prevent theft, data loss, and system failures.
Based on application, the global Cloud Sandboxing market has been segmented into government and defense, BFSI, IT and Telecom, healthcare, retail, education, and others. The segment was expected to hold the largest market share in 2022 due to increased demand for sandboxing to secure sensitive and vital customer data from hackers.
Regional Analysis
The global Cloud Sandboxing market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Cloud Sandboxing market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Cloud Sandboxing market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Cloud Sandboxing market comprises of Middle East, Africa, and Latin America.
The largest market share for Cloud Sandboxing was maintained by the North American regional sector. This increase is attributed to an increase in the demand for sandboxing techniques in several applications, such as IT sectors, government databases, and telecom services in the area. Additional factors promoting market growth include increased investor investments, government support, and the viability of the technology in the area. The implementation of stringent rules, the growing trend of using cyber security techniques, and the considerable presence of significant technology providers and major production companies all have an impact on the US market.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Cloud Sandboxing is driven by the rising need to secure sensitive data from malware amidst organizations such as IT, BFSI, and retail sectors.
Additionally, due to the increasing emphasis placed on the rising incidents of cyber-attacks and the development of IT businesses, Asia Pacific is anticipated to experience the quickest growth over the forecast period.
Furthermore, the rest of the world's Cloud Sandboxing market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising demand for cloud-based services from organizations. Government support, a rise in investor interest, and the viability of technology in the sector are all contributing factors to the expansion of the market.
Key Findings of the Study
- The global Cloud Sandboxing market is expected to reach USD 7.50 billion by 2032, at a CAGR of 17.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis placed on rising incidents of cyber-attacks and the development of IT businesses.
- Based on application, the BFSI segment was attributed to holding the largest market in 2022, with an approximate market share of X–X%.
- Fireeye, Forceppoint, Mcafee, Juniper Networks, Cisco Systems, Symantec Corp, Zscaler, Palo Alto Networks, Check Point Software Technologies, Sophos Group, SOnicwall, Ceedo Technologies, Fortinet.
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Companies Covered | 15 |
Pages | 128 |
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