Cloud Access Security Broker Market Competitive Scenarios, Business Opportunities, Development Status and Regional Forecast to 2030
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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.
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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.
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.
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.
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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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.
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