PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1425155
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1425155
Browser isolation is a cybersecurity model that focuses on physically isolating an internet consumer's browsing activity from their local networks and the infrastructure. Such browser isolation separates web browsing activity, such as a virtual machine or sandbox, to protect computers from malware and other cyber-attacks. Increasing cyber threats and advanced technology integration have emerged as a significant driving forces behind the substantial growth of the browser isolation industry.
Market Drivers
The growing number of cyberattacks and concerns about cybersecurity are driving the demand for browser isolation solutions, as organizations want to protect their user's browsing activity from malicious software and other cyber-attacks. Cyber threats such as ransomware, malware, and phishing have become more common and advanced which has increased the risk of data breaches of browsing data. For instance, according to the World Bank, cyberattacks will threaten approximately $5.2 trillion in global value. Every month, 10.5 million records are lost or stolen, with 438,000 lost every hour, and a single large-scale attack can result in $53 billion in economic losses.
The integration of advanced technologies such as machine learning and artificial intelligence improves the quality and efficiency of browser isolation solutions, allowing them to be more effective at protecting against web-based attacks. The growing frequency and sophistication of cyber threats, and growing concerns about data privacy and security, are propelling the browser isolation market upwards. For instance, in September 2023, Vade announced the availability of its enhanced security with Remote Browser Isolation (RBI) which includes an easy-to-deploy and seamless layer of protection when users click or tap on links in their inbox.
The increasing popularity of remote working has increased the adoption of web-based email servers and other online tools, ensuring organizations are more vulnerable to cyberattacks. Browser isolation can help safeguard sensitive information transmitted over the internet, and as more employees work remotely, the prevalence of using cloud applications through their browsers has also increased which shows a significant growth in the browser isolation market.
North America is anticipated to dominate the market.
North America is projected to account for a major share of the browser isolation market owing to the region's robust growth in technology integration and increasing cyber threats. Also, to protect and prevent cyber threats and safeguard browsing data, the governments of the U.S. and Canada have introduced new services and strategies. For instance, in March 2023, the Biden-Harris Administration issued the National Cybersecurity Strategy to ensure that all Americans get the full benefits of a safe and secure digital ecosystem. In June 2022, Marco Mendicino, Minister of Public Safety introduced Act Respecting Cyber Security (ARCS) to strengthen Canada's cyber security. It enhances cyber security in the banking, telecommunications, energy, and transportation sectors while safeguarding Canadians.
Market Challenges
The growth of the browser isolation industry may be restrained by high implementation costs. The cost of implementing browser isolation solutions can be crucial, including costs for specialized hardware and software. High implementation costs may hinder organizations from adopting these solutions, especially small and medium-sized businesses. Businesses have to customize safety measures to the specific requirements and features which might be costly and this may affect the market growth of browser isolation.
Market Developments
Company Products
Segmentation
Not an exhaustive list