Fast Facts: Who's Playing In The Sandbox Market?
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The need to fend off growing security threats in the enterprise continues to grow, and because of that one sector of the backend technology market is about to boom.
According to a new report from ReportsnReports.com, the sandboxing market size is expected to grow from $2.9 billion in 2017 to $9.4 billion in just a half decade, by 2022, with an impressive CAGR of 26.5%. Sandboxing is the process of setting aside a program from other programs in its own environment so that if errors or security issues occur, different applications and software won’t be impacted. That sequestered program can also be worked on or treated without creating a security issue for the pieces.
So what’s driving the market to more than triple in five years, and who’s most in need of sandboxing tools?
According to the report, increased sophistication levels in attacking techniques, the need to secure enterprise networks from advanced malware and security breaches, and stringent security compliances and government regulations are the primary factors behind the growth.
As expected, the government and defense vertical is expected to dominate the market’s growth, thanks to handling of critical and sensitive information and being a high priority target for cyber attacks and hackers.
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