Report : Browser Isolation Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Deployment (On-Premise, Cloud); Enterprise Size (SMEs, Large Enterprise); End Use Industry (BFSI, Government, IT and Telecom, Manufacturing, Others) and Geography
According to the new research report titled “Browser Isolation Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 6,635.1 million by 2027, registering a CAGR of 18.2% from 2020 to 2027.
The browser isolation technology offers protection against malware while browsing risky sites. It secures the computer/network from online threats by running all browsing activities on an isolated virtual platform, ensuring the user’s ecosystem is safe from cyber infiltration. A few browser isolation software and tools may function similar to secure web gateway tools, but those provide control over site availability and URL filtering only. On the contrary, browser isolation solutions provide fully isolated web execution environments. A few key benefits of browser isolation software include protection from malicious websites, links, emails, and downloads; reduced number of security alerts; and reduction in the cost of web-based malware; as well as data loss prevention and anonymous browsing.
Rising investments in cybersecurity and increasing capitalization in the adoption of web browser security software by players in the BFSI industry drive for the growth of the global browser isolation software market. However, the lack of awareness in developing countries may hinder the market growth. Despite limitations, increasing number of SMEs, growing incidences of partnerships and acquisitions, and rising focus on lowering the cost of browser isolation software are among the major factors anticipated to bolster the growth of the browser isolation software market.
Key Findings of Study:
The global browser isolation software market is fragmented into five major regions-North America, Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and South America (SAM). The market in APAC is projected to experience a significant growth during the forecast period due to the continuous expansion of IT & telecom sector in this region, as well as growing number of cyberattacks. Also, APAC is constantly being targeted by cybercriminals due to the constant growth in digital transformation and rising source of vulnerability from mounting IoT connectivity. In addition, the lack of transparency in feeble cyber enforcements and regulations has led to an increase in cyber crimes in the region.
Nevertheless, significant strategic initiatives by several industry players are observed in the market; for instance, on February 19, 2020, Light Point Security, the pioneer of Browser Isolation, introduced a new browser isolation platform. Light Point Web is the only browser isolation solution that can be installed as a simple browser plug-in or with a clientless HTML5 interface. The new platform, utilized in browsing activity in the virtual environment web content, does not hamper the corporate network. Moreover, in August 2020, Forcepoint and Ericom Software announced a strategic partnership to incorporate Ericom's remote browser isolation competences in Forcepoint's Dynamic Edge Protection cloud-native SASE solution.