The global Sandboxing Hardware market is forecast to reach USD 65.58 Billion by 2030, according to a new report by Reports and Data. Sandboxing Hardware is a solution to prevent malware and targeted attacks. It is used to run unauthorized and untrusted software and applications to restrict any possible harm to the system on which it’s running. The companies, whether small or large, are always under the threat of malware attacks, thus creating high demand for Sandboxing Hardware. Since very few players are in the market, there are large opportunities for the entry of new players with existing products and predefined demands from the consumer side.
Sandboxing Hardware solution providers include security specialists with their expert hands-on endpoint security, content security, or firewalls and also the companies that are linked with the government, defense, and educational institutions from the end-users owing to the demand to protect crucial data from being corrupt by an untrusted source.
Apart from the drivers of the market, which are increasing with the growth in demand, the market faces several restraining factors as well. The major restraint being the cheap availability of software products that may dominate the market. These third-party software services, which provide for Sandboxing Hardware alternatives, are not as secure and can be easily overcome with premium products that ensure the safe functioning of the system for the consumer base.
The region of Asia Pacific is expected to observe the highest growth owing to the countless software firms that have set up their offices and testing organization, which ensure the safe and secure functioning of applications developed by these previously mentioned software companies. The heavy demand is because of the numerous cases of malware attacks that occur in the market, which corrupts data, and leads to data theft in certain cases.
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Attackers are employing various methods such as ransomware and credential harvesting to compromise systems and steal sensitive information. The consequences of cyber attacks can be severe, leading to operational disruptions, financial losses, and reputational damage.
To address these growing threats, organizations are recognizing the need for comprehensive cybersecurity risk management approaches. One of the key strategies is the adoption of Sandboxing Hardware solutions, which help protect networks from potential cyber attacks. Sandboxing Hardware involves isolating and analyzing suspicious files and applications in a controlled environment to detect and mitigate potential threats. Content security measures, firewalls, and other security technologies are commonly used as part of Sandboxing Hardware solutions.
Certain sectors, such as government, defense, and educational institutions, are particularly targeted due to the valuable and sensitive data they possess. These organizations have a heightened need to protect their networks and systems from being compromised by untrusted sources.
As the risks and impact of cyber attacks continue to grow, major companies are increasing their investments in cybersecurity. For example, Goldman Sachs, an investment banking company, announced plans in April 2022 to invest USD 125 million in cybersecurity. They partnered with Fortress Information Security, a company focused on securing critical infrastructure, including 40% of the U.S. power grid. This collaboration highlights the significance of protecting vital systems from cyber threats.
Furthermore, cybersecurity companies themselves are raising significant funds to advance their solutions. In April 2022, Silverfort, a cybersecurity company, announced raising USD 65 million to further enhance its cyber security offerings. This investment demonstrates the increasing demand for robust cybersecurity solutions in the market.
Solution Outlook (Revenue, USD Billion; 2019-2030)
- Standalone
- Integrated
Delivery Type Outlook (Revenue, USD Billion; 2019-2030)
- Hardware
- Virtual appliance
- Cloud-based
- Workstations
- Point of Sale Terminals
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Small and Medium Enterprises (SMEs)
- Large Enterprises
Deployment Mode Outlook (Revenue, USD Billion; 2019-2030)
- On-Premises
- Hosted/Managed
- Hybrid
Industry Verticals Outlook (Revenue, USD Billion; 2019-2030)
- Banking, Financial Services, and Insurance (BFSI)
- Government
- Healthcare and Life Sciences
- Retail and E-Commerce
- Travel and Hospitality
- Manufacturing
- IT and Telecommunication
- Others
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Key Regional Markets Covered in the Report:
· North America (U.S., Canada, Mexico)
· Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Top Companies Operating in the Global Sandboxing Hardware Market:
Check Point Software Technologies Ltd., Cisco Systems Inc., FireEye Inc., Fortinet Inc., Juniper Networks Inc., Palo Alto Networks Inc., Sophos Ltd., Symantec Corporation, McAfee LLC, and SonicWall Inc., among others.
Further key findings from the report suggest
· Solutions segment held the largest market share of 53.8% in the year 2018. The biggest reason for the tremendous growth of solutions segment is the development of the IT industry where the infrastructure needs to be protected from advanced cyber-attacks.
· Small & Medium Scale Enterprises have been observed to hold a market share of 44.8% in the year 2018. This is because of the high availability of software sandbox solutions that acts as a cheaper alternative to Sandboxing Hardware solutions.
· Cloud-based service is set to experience the highest CAGR of 26.8% during the forecast period. The ease of employing cloud-based services, along with the curtailing factor of bypassing expensive hardware, shall propel the growth of this segment.
· IT & Telecom among the end-user verticals held a market share of 22.8% in the year 2018. Security and privacy from cyber-attacks and the need to protect host software from the malicious working of un-trusted applications
· Asia Pacific is estimated to experience the highest CAGR of 27.5% during the forecast period. Developing countries like China and India are rapidly catching up with the growth in the Sandboxing Hardware market. This shift in growth from technologically superior regions to Asia Pacific is due to the development of IT firms and the need for securing systems from applications which have not been secured from disrupting the system.
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