Network Security Sandbox Market To Reach $140.1 Billion By 2030

Network Security Sandbox Market Growth & Trends

The global network security sandbox market size is expected to reach USD 140.1 billion by 2030, registering a CAGR of 52.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The convergence between information technology and Internet of Things (IoT) has paved the way for the cyber security breaches. The absence of requisite identity and access management provision in the IoT technology raises the vulnerability of the majority of the business organizations to the malicious malware attack. The adoption of latest and advanced intrusion prevention solution thus became part and parcel for the business enterprises to protect sensitive information from the data security breach.

The widespread deployment of cloud technology boosted the demand for the integrated network security solution among the business entities. The convergence of cloud platform and application anti-malware gateways with mechanisms such as machine learning, threat analytics, and network behavior analysis is generating proactive network security solutions. Industry players are progressively investing a significant amount to develop and deploy modern security solution by profound research and development. Since 2010 several mergers and acquisition had taken place by the large enterprises to imbibe this inherent technological platform into the organization.

The incorporation of ground-breaking features, such as Artificial Intelligence and Internet of Things that enables automated integration between the software, hardware platform and the consumer, is energizing the industry growth prospects. These features subsequently influence the market dynamics and accelerate the growth momentum to rise to its optimal level. The advent of cognitive computing also has considerable impact on the development of advanced anti-malware technology and encrypted end point solution. The extended usage of automated reasoning, big data, and machine learning technology, along with artificial intelligence and probabilistic logic has paved the way for the easy identification and analysis of malicious viruses with utmost efficiency.

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Network Security Sandbox Market Report Highlights

• The solution component dominated the market with a revenue share of 67.9% in 2023 attributed to the comprehensive nature of components involved in network sandbox, as they come with a core software package, expertise, and analysis tools.

• Large enterprises accounted for 57.9% of the revenue share in the network security sandbox market in 2023. Large enterprises possess a vast collection of sensitive data, making them prime targets for cyberattacks.

• The Banking, Financial Services, and Insurance (BFSI) segment accounted for the highest revenue share of 26.3% in 2023. The fast-growing BFSI sector is rapidly migrating towards online and mobile banking platforms.

• North America dominated the market with a revenue share of 35.3% in 2023. This region is a major hub for cutting-edge technology and innovation due to the presence of several major organizations, making it a prime target for sophisticated cyberattacks.

Network Security Sandbox Market Segmentation

Grand View Research has segmented global network security sandbox market report based on component, enterprise size, end-use, and region:

Network Security Sandbox Component Outlook (Revenue, USD Million, 2018 - 2030)

• Solution

• Services

  • Professional Consulting

  • Support and Maintenance

  • Product Subscription

  • Training and Education

Network Security SandboxEnterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

• SMEs

• Large Enterprises

Network Security SandboxEnd Use Outlook (Revenue, USD Million, 2018 - 2030)

• BFSI

• IT & Telecom

• Retail

• Education

• Public Sector

• Defense

• Others

Network Security SandboxRegional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • India

  • China

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Network Security Sandbox Market

• Cisco DevNet

• VMware (Broadcom)

• Fortinet, Inc.

• McAfee, LLC

• Palo Alto Networks

• Trend Micro Incorporated

• Forcepoint

• Juniper Networks, Inc.

• Check Point Software Technologies Ltd.

• Sophos Ltd.