Cloud Access Security Broker Market Trends 2020 and Industry Forecast 2023
Market Overview
Cloud access security broker refers to a cloud-based security solution platform that is incorporated to safeguard the critical enterprise data. Cloud access security protects the data on behalf of manual security agendas. Insufficient storage infrastructure has encouraged the enterprises to store information on cloud. The growing instances of data thefts have surged the demand for cloud access security brokers. The increasing risk of data theft along with unveiling the online data has led to spurring demand of the cloud access security broker market. Such threats of online attacks have made organizations more concerned of securing the data, which has led to a surged number of installation and adoption of cloud access security solutions. The cloud access security broker market offers primary solution against thefts resulting in a positive demand spurring within the market over the review period. Based on such factors, the global cloud access security broker market is estimated to experience an outstanding level of rivalry amongst the market players over the upcoming years. Furthermore, cloud access security is needed to exercise control over leveraging the access to the information collected. In an exhaustive study conducted by Market Research Future it has been revealed that the global cloud access security broker market is likely to witness substantial growth owing to the surging need for cybersecurity throughout the industries. The market is expected to grow at an impressive 20% CAGR during the forecast period of 2017 to 2023. Additionally, the entry of new shareholders in the global market of cloud-based security brokers is influencing the demand of the sector positively. Besides, factors such as the need for monitoring real-time data coupled with the increasing adoption of cloud-based applications among the enterprises, largely drive the cloud access security broker market. The global cloud access security broker market has experienced few drawbacks owing to a few loopholes in the execution of cloud services during the past years. However, the software industry has observed some rapid progressions in resolving cloud storage services owing to which the demand for it has augmented in recent times.
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Market Segmentation
The global cloud access security broker market is segmented based on service, solution, organization size, end-users, and delivery model. Among these, the solution segment is likely to dominate and monitor the cloud services, compliance management, risk, threat security, and data. The service segment has been sub divided into segments such as training, technical support, and professional service. The delivery model segment consists of PaaS, IaaS, and SaaS. The organization size segment encompasses the large enterprises and small and medium enterprises (SMEs). The end-user segment of the cloud access security broker market is classified into retail, BFSI, healthcare, government, media & entertainment, IT & telecommunication, travel & hospitality, education, and others.
Regional Analysis
Geographically, the global cloud access security broker market is segmented into regions such as North America, Europe, Asia Pacific, and Rest of the World. Among these regions, North America market represents the largest share of the global cloud access security broker market. The growth has been contributed by the growing IT requirements and increasing security concerns which aids in shifting the preference majorly towards cloud services. The adoption of service models is also influencing the market for cloud access security broker in the region. Asia Pacific market is likely to grow at a rapid CAGR owing to the expansion in the number of small & medium size enterprises and the progressing e-commerce sector.
Key Players
Global cloud access security broker market is ruled by prominent players such as Bitglass (U.S.), Imperva (U.S.), CipherCloud (U.S.), Skyhigh Networks (U.S.), Protegrity (U.S.), Netskope (U.S.), Symantec Corporation (U.S.), CloudMask (U.S.), and Adallom (U.S.).
LIST OF TABLES
Table 1 Global Cloud Access Security Broker Market: By Region, 2017-2023
Table 2 North America Cloud Access Security Broker Market: By Country, 2017-2023
Table 3 Europe Cloud Access Security Broker Market: By Country, 2017-2023
Table 4 Asia Pacific Cloud Access Security Broker Market: By Country, 2017-2023
Table 5 Rest Of The World Cloud Access Security Broker Market: By Country, 2017-2023
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LIST OF FIGURES
FIGURE 1 Global Cloud Access Security Broker Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Cloud Access Security Broker Market
FIGURE 4 Value Chain Of Global Cloud Access Security Broker Market
FIGURE 5 Share Of Global Cloud Access Security Broker Market In 2017, By Country (In %)
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