July 16, 2020

Cloud Access Security Broker Market 2020 – Industry Trends and Forecast to 2023

Cloud Access Security Broker Market Report Information By Solution (Risk and Compliance Management), Service (Training, Technical Support), Delivery Model (SaaS, PaaS, IaaS), End-User (Media & Entertainment, Education) – Global Forecast to 2023

Competitive Analysis:

Leading players in the cloud access security broker market include Imperva, Cisco Systems Inc., Bitglass, CipherCloud, Netskope, Skyhigh Networks, Protegrity, Symantec Corporation, Adallom, and CloudMask.

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Overview

Market Research Future (MRFR) has announced a new release in which the global cloud access security broker (CASB) market is analyzed from all perspectives, providing readers with a clear view of the market’s present and future prospects. The global cloud access security broker market is expected to exhibit a strong 20% CAGR during the 2017-2023 forecast period, rising to a valuation of USD 18 billion.

A cloud access security broker is a platform installed in order to monitor and protect critical enterprise data. A given set of security policies can be executed automatically through a cloud access security broker, making it easier for companies to implement their standard set of security rules across the board on all operations. The growing risk of data theft has led to a growing demand from the cloud access security broker market, as corporate data has become ever more valuable and vulnerable. The growing threat of online attacks has made enterprises more aware as to the vulnerability of their critical data, which has led to growing installation of a number of solutions. Cloud access security brokers are a prime solution for protection against online attacks and data thefts, leading to steady growth of the global cloud access security broker market.

The lack of storage infrastructure to handle the ever-increasing volume of corporate data has made companies turn to cloud solutions as an alternative. Companies are becoming ever more reliant on data analytics, leading to the need to amass a growing volume of data about their own operations as well as their customers. This can leave them prone to mismanagement of the data due to an absence of sufficient storage infrastructure. This has led to a steadily growing demand for cloud storage. This is likely to be a major driver for the global cloud access security market over the 2017-2023 forecast period.

Industry News

On Dec 03, 2018, Symantec announced that its CASB and data loss prevention (DLP) solutions have received an “in process” designation from the Federal Risk and Authorization Management Program (FedRAMP). The development of these data protection solutions is sponsored by the U.S. Department of Homeland Security.

Segmental Analysis:

The global Cloud Access Security Broker Market is segmented on the basis of solution, service, delivery model, organization size, and end use.

The global cloud access security broker market is segmented by solution into control and monitoring cloud services, risk and compliance management, data security, and threat protection. The latter is further divided into managed apps, unmanaged apps, and mobile security.

By service, the global cloud access security broker market is segmented into professional services, training, and technical support.

By delivery model, the global cloud access security broker market is segmented into SaaS, PaaS, and IaaS.

By organization size, the cloud access security broker market is bifurcated into small and midsized enterprises (SMEs) and large enterprises.

By end use, the global cloud access security broker market is segmented into BFSI, retail, government, healthcare, IT and telecommunication, media and entertainment, education, travel and hospitality, and others.

Regional Analysis:

The global cloud access security broker market is segmented geographically into North America, Europe, Asia Pacific, and rest of the world.

North America is the highest contributor to the global cloud access security broker market and is likely to remain in the position over the forecast period due to the widespread availability of cloud solutions in North America. Cloud infrastructure has taken on in a big way in North American countries such as the U.S. and Canada, leading to the cloud access security broker industry gaining a valuable regional market. The growing emphasis on data monitoring and data analysis among corporate entities in the North American market is also likely to be a major driver for the cloud access security broker market. The growing ecommerce sector also has the potential to boost the growth prospects of the cloud access security broker market in North America, as the ecommerce sector is growing at a stupendous rate and relies heavily on data analytics in order to gain more information about its customers.

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

Continued…….

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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 %)

Continued…….

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