Global Cloud Access Security Brokers Market was valued at US$ 7.66 Bn. in 2020. Global Cloud Access Security Brokers Market size is estimated to grow at a CAGR of 18.11 %.
Cloud Access Security Brokers Market Overview:
The Global Cloud Access Security Brokers Market The cloud access security broker (CASB) industry consists of services and technologies that solve security flaws in a company's cloud usage. The cloud access security broker (CASB) technology was developed in response to the need to secure cloud services that are being approved at a much higher rate, as well as access to them from users outside and inside the traditional enterprise edge, as well as increasing direct cloud-to-cloud access. They provide unique cloud-specific capabilities not found in conventional security controls such as secure web gateways (SWGs), web application firewalls (WAFs), and enterprise firewalls.
Historical Forecast Period:
Maximize Market Research report presents the analysis of each segment from 2021 to 2027 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2020to 2027.
Cloud Access Security Brokers Market Overview and Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the Cloud Access Security Brokers Market segments which include products, applications, and competitor analysis.
As the use of cloud-based applications among SMBs has grown, so has the need for CASB services. The primary drivers driving the global market for cloud access security brokers are real-time monitoring capabilities, controlled data loss, greater acceptance of cloud-based applications, and increased regulatory enforcement.
The growing adoption of cloud technologies has raised security concerns, which has had a favourable impact on worldwide CASB market growth. The ongoing restoration of legislation by governing organisations makes cloud storage retailers' management of cloud protection services difficult. Outsourcing security solutions has thus become an even more prevalent trend in the cloud access security broker market.
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Segmentation:
Infrastructure as a Service, Platform as a Service, and Software as a Service are the three types of cloud access security brokers. The Software as a Service (SaaS) category, for example, was worth US$ billion in 2020 and is predicted to grow at a CAGR of 19 percent to US$ billion by 2027. A software distribution approach in which a third-party provider hosts the programme and makes it available to clients via the Internet is known as SaaS. Nonetheless, SaaS applications may contain malicious behaviours that result in significant data loss. Cloud access security brokers solutions aid in the prevention of data loss by allowing for better control and monitoring of cloud services and cloud-based applications.
Key Players:
• Imperva
• Bitglass
• CloudLock
• CipherCloud
• Skyhigh Networks
• Forcepoint
• Netskope
• Microsoft Cloud App Security
• Protegrity
• Adallom
• Perspescys
• CloudMask
• Palo Alto Networks, Inc.
• Vaultive Inc.
• Fortinet, Inc
Regional Analysis:
Regional analysis is another highly comprehensive part of the research and analysis study of the Cloud Access Security Brokers Market presented in the MMR report. Local development plans are often affected by the performance of Cloud Access Security Brokers market. Our report briefly explains all the factors, market size, growth rate, import and export in regions covering North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This research has provided market trends, key opportunities, factors affecting of particular regions, to examine the global and domestic Cloud Access Security Brokers market and these findings have been strategically presented in the report.
Competition Landscape:
Most of the key players present in the Cloud Access Security Brokers Market are focusing on mergers and acquisitions to expand their geographic presence and gain a competitive edge. Meanwhile, some of the other players are updating their existing product portfolios and adding innovative screens to keep up with the high consumer demand and generate more sales.
Key questions answered in Cloud Access Security Brokers Market report
- What was the market size of Cloud Access Security Brokers Market in 2020 and forecast up to 2027?
- Which is the largest regional Cloud Access Security Brokers Market?
- What are the major trends followed in Cloud Access Security Brokers Market across different regions?
- Who is the key Cloud Access Security Brokers Market companies leading the market?
- What are the key strategies adopted by the leading Cloud Access Security Brokers Market companies in market?
- Unique data points of this report
- Statistics on Cloud Access Security Brokers Market penetration and spending worldwide
- Recent trends across different regions in terms of adoption of Cloud Access Security Brokers Market for various end-use.
- Notable developments going on in Cloud Access Security Brokers Market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2020 (actual) and 2027 (forecast)
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