Cloud Access Security Broker Market Size Insight Report 2021 to 2030, Top key players, Types, End Users and Regions with Analysis

In a recent published report, Kenneth Research has updated the market report for Cloud Access Security Broker Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud Access Security Broker Market products.

The Cloud Access Security Broker Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

Market Scenario

Cloud access security broker is defined as a cloud-based security solution platform that is employed to protect the critical data of enterprises. The lack of storage infrastructure has encouraged organizations to store information on cloud, the rising incidents of data thefts have increased the significance of cloud access security brokers.

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The key players in the global cloud access security broker market are Imperva (U.S.), Bitglass (U.S.), CloudLock (U.S.), CipherCloud (U.S.), and Skyhigh Networks (U.S.). Imperva, a prominent player in cloud access security broker market, states that CASBs help organizations secure cloud application and data in an environment where security plays a major role between the cloud application provider and the subscribing organization. The company provides cloud security solutions under the name Imperva solutions, including Imperva Incapsula content delivery network and DDoS protection and Imperva CounterBreach for protection against insider cloud threats.

Bitglass, another key player in cloud access security brokers market offers multi-protocol proxy architecture with Zero-Day CASB Core that ensures protection from unknown data and malware threats, on both, managed and unmanaged applications and devices.The key factors driving the market includes rise in data loss security thefts, real-time monitoring capabilities of enterprises, and increased adoption of cloud-based applications among organizations.The global cloud access security broker market is estimated to grow at CAGR of approximately 20% during the forecast period of 2017-2023.

Source: MRFR Analysis

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.

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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 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

The global cloud access security broker market is studied in Asia Pacific, North America, Europe, and Rest of the World. North America market accounts for highest share in the global cloud access security broker market. Owing to the increasing IT requirements and rising security concerns. The market in the U.S. is expected to have a greater share as many organizations are shifting towards cloud services. The adoption of service models, such as platform as a service and software as a service is also impacting the market for cloud access security broker in the region. Asia Pacific market is expected to grow at the highest CAGR. The rise in the number of small & medium size enterprises and the growing e-commerce sector in the region is boosting the cloud access security broker market.

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Intended Audience

Technology Investors

Research/Consultancy Firms

Software Providers

System Integrators

Distributors and Resellers

Government and Standardization Bodies

Telecom Operators

Healthcare Organizations

Financial Organizations

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