Cloud Access Security Broker Market Investment opportunities, Strategic Assessment, Trend Outlook and Key Findings 

Market Overview:

Cloud Access Security Broker Market Size is anticipated to reach USD 6.61 billion by 2027, registering a CAGR of 20% during 2020-2027

Cloud service offers a secure, standardized and virtual storage service. It delivers faster services, improves manageability, increases IT department's value and reduces total cost of ownership. Cloud infrastructure is becoming a boon for small and medium enterprises (SMEs) by offering scalable infrastructure and capabilities available as services. Cloud infrastructures are generally accessed using a pay-per-use model, unlike structures of payment that enable users to subscribe to vendor services for a set price or subscription. Enterprises can build their own cloud infrastructure in their premises instead of purchasing from a cloud vendor.

The global cloud access security broker market is segmented solution, service, delivery model, organization size and end-users. The solution segment consists of control and monitoring cloud services, risk and compliance management, data security and threat protection. The threat protection solution is further bifurcated into managed apps, unmanaged apps, and mobile security. The service segment consists of professional service, training, technical support. The delivery model segment consists of SaaS, PaaS and IaaS. The organization segment consists of small and medium enterprises (SMEs), large enterprises. The end-user segment consists of BFSI, retail, government, healthcare, IT & telecommunication, media & entertainment, education, travel & hospitality and others.

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Key Players:

Some of the prominent players in the global cloud access security broker market are Imperva (U.S.), Bitglass (U.S.), Cisco Systems, Inc. (U.S.), CipherCloud (U.S.), and Skyhigh Networks (U.S.). Netskope (U.S.), Protegrity (U.S.), Adallom (U.S.), Symantec Corporation (U.S.), and CloudMask (U.S.) are among others.

Covid 19 Analysis:

COVID-19 illness started spreading globally at the start of 2020, infecting billions of people who are causing work stoppages and foot bans in several places across the globe. Most industries have suffered, with the exception of essential aid and life support goods, even Enterprise Flash Storage has also suffered significantly.

Segments:

The global Cloud Access Security Broker Market is segmented solution, service, delivery model, organization size and end-users. The solution segment consists of control and monitoring cloud services, risk and compliance management, data security and threat protection. The threat protection solution is further bifurcated into managed apps, unmanaged apps, and mobile security. The service segment consists of professional service, training, technical support. The delivery model segment consists of SaaS, PaaS and IaaS. The organization size segment consists of small and medium enterprises (SMEs), large enterprises. The end-user segment consists of BFSI, retail, government, healthcare, IT & telecommunication, media & entertainment, education, travel & hospitality and others.

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Regional Analysis:

North America region accounts for a high share of the global Cloud Access Security Broker Market in terms of value, owing to the early adoption of cloud access security broker in large, small & medium size enterprises, presence of major market players and advanced technology implementation by the enterprises. In Asia Pacific market, enterprises in countries such as Japan China and India are adopting cloud services at a rapid scale thereby aiding the market growth in the region. The study indicates that the European region also accounts for significant value share in the global cloud access security broker market. Several startups are emerging in the region and there has been intense M&A activity in recent years. Data stored on cloud creates a new opportunity for hackers to gain access to an organization's data and its network. CASB has developed quickly from just being used in IT. It is an important tool to monitor cloud usage and implement security.

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Created: 24/11/2022 12:14:29
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