The network sandboxing market is estimated to grow with a CAGR of 15.7% from 2022-2032, pushing the market size to US$ 34.9 Billion by 2032.
Many enterprises are trying to adopt the BYOD policy for the betterment of their employees and the corresponding work assigned to the employees. BYOD provides several benefits to the users such as cost reduction, and a flexible working environment.
Data security is one of the most important and biggest concerns when it comes to the adoption of BYOD policy in business processes. As a result of this, the BYOD policy implemented in the enterprises is driving the demand for network sandboxing solutions.
As per cybersecurity vendor McAfee, cloud-based data is more vulnerable than data on on-site servers. Therefore, the cloud computing platform is one of the targeted cyber environments. According to Triskele Labs, cloud cyber-attacks account for 20% of all cyber-attacks.
In recent years, the popularity of cloud computing has evolved substantially. Off-site service platforms offer computing, storage, or hosting services with the help of cloud infrastructure. Such cloud infrastructure is highly vulnerable to cyber-attacks.
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For instance, in 2020 an adult live-streaming website CAM4 fell victim to a cloud cyber-attack and exposed around 10.8 Billion sensitive entries (up to 7 TB of data). Therefore, a growing number of cloud cyber-attacks ultimately are fueling the demand for network sandboxing market.
Key Takeaways from the Network Sandboxing Market Report:
Leading Key Players:
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Network Sandboxing Market Segmentation:
By Component:
By Enterprise Size:
By Vertical:
By Region:
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 20, 2024