Lowering cost of browser isolation software is attributing to the growth of the market. The browser isolation technology is the future of advanced cybersecurity. Several well-established organizations, SMEs, and emerging companies seek technology robust cybersecurity solutions, especially browser security solutions. However, the high cost of solutions is restricting the companies from adopting the technology. The players operating in the browser isolation software market are offering their products at a competitive price owing to the fact that they are integrating enormous technologies to safeguard the user's browser from a data breach. Integration of higher number of codes and technologies increases the upfront cost of the software. The competitive price of browser isolation software is higher as compared to various other cybersecurity software. This is restricting the number of industry participants willing to adopt this advanced technology.
Thus, reducing the software's cost is anticipated to catalyze the adoption rate among large organizations, SMEs, and niche players. Hence, reducing the price of browser isolation software per user per month is the key parameter that the browser isolation software market players should focus on to gain customer base and annual revenues, and boost the growth of the market.
The COVID-19 outbreak has caused severe disruptions in primary businesses like as shipping, retail, and e-commerce, and the sharp drop in international trade has harmed global economic growth. Businesses are being harmed by manufacturing closures, travel prohibitions, trade bans, and border closures enacted to combat and contain the outbreak. The continued loss of business as a result of the lockdown measures is projected to have a direct influence on the global expansion of security solutions investments. The browser isolation software market's growth rate is predicted to be hampered by disrupted company activities and product sales.
The browser isolation software market is expected to experience substantial growth pertaining to rise in number of SMEs across industries worldwide. The industries including manufacturing, transportation and logistics, IT and telecommunication, and BFSI, are witnessing a significant rise in the number of SMEs and emerging companies. According to the Ponemon Institute, 60% of SMEs in the European countries disappear post suffering data breach. One of the significant risks that SMEs face is the belief that they are less preferred by cyber attackers due to their company size. This facilitates the hackers to penetrate through their networks, which leads to data loss.
In the Internet-based era, most of the industry players drive their business through the internet. Emerging companies and SMEs across industries are learning the consequences of data breaches from the large enterprises, which experienced cyberattacks. Owing to this, emerging companies and SMEs are extensively monetizing on cybersecurity solutions in order to secure data from cyber attackers. Since browser usage is exponentially rising among SMEs and emerging companies, the need for browser security is escalating rapidly among these organizations. This is anticipated to boost the growth of the browser isolation software market.
Based on deployment type, the browser isolation software market is segmented into cloud and on-premise. The cloud segment held the largest market share in 2019.
The regional trends and factors influencing the Browser Isolation Software Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Browser Isolation Software Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 2.06 Billion |
| Market Size by 2027 | US$ 6.64 Billion |
| Global CAGR (2020 - 2027) | 18.2% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2027 |
| Segments Covered |
By Deployment
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Browser Isolation Software Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Browser Isolation Software Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
Players operating in the browser isolation software market are mainly focused on the development of advanced and efficient products.
The List of Companies - Browser Isolation Software Market
The browser isolation software market is led by cloud segment with highest share and is expected to dominate in the forecast period. The cloud segment generates the majority of the demand since it is comparatively less expensive and due to strong network infrastructure in developed countries. In addition, the cloud-based browser isolation software vendors are highly focused on developing a high-level security patch in order to eliminate the risk of cyber-attack.
The growth of the browser isolation software market is primarily attributed to the rise in investments towards cybersecurity technology. Moreover, the BFSI industry players are increasingly capitalizing on web browser security software, thereby substantially driving the browser isolation software market.
Rise in partnerships and acquisitions is expected to create significant opportunity of the browser isolation software market growth. The demand for browser security solutions is escalating at a substantial pace across industries. Large organizations are strongly emphasizing on the adoption of such technologies to secure the data and information on respective networks. In order to facilitate the buyers, the market players are either collaborating with well-established and industry-recognized software developers or conducting acquisition activities. The partnerships and acquisition activities are enabling the companies to gain a customer base by offering robust technologies.