In a recent published report, Kenneth Research has updated the market report for Cloud Access Security Brokers 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.
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 Brokers Market products.
The Global Cloud Access Security Brokers Market was valued at USD 4.54 billion in 2016 and is projected to reach USD 20.27 billion by 2025, growing at a CAGR of 18.1% from 2017 to 2025.
Cloud access security brokers are primarily deployed to protect the critical data of organizations. The advent of cloud-based systems has helped many companies to manage their critical data in better ways. Lack of information storage infrastructure has led the small and medium businesses to acquire cloud services. The rising data breach and data leakage incidences on the internet have led to the rising demand for cloud access security broker solution. Cloud access security brokers provide solutions for data controlling and monitoring, cloud data encryption, tokenization, risk and compliance management, and data leakage prevention.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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1. Market Drivers
1.1 Growing Demand for Cloud-Based Applications
1.2 Less Data Loss
1.3 Real-Time Monitoring
1.4 Anytime-Anywhere Usage
2. Market Restraints
2.1 Concerns for Data Security
The Global Cloud Access Security Brokers Market is segmented on the basis of component, deployment model, verticals, organization size, and region.
1. Global Cloud Access Security Brokers Market , by Component:
1.1.1 Data Management and Security
1.1.2 Risk Management
1.1.3 Managing Cloud Services
1.2.1 Managed Services
1.2.2 Support and maintenance
1.2.3 Professional services
2. Global Cloud Access Security Brokers Market , by Service Model:
2.1 Platform as a Service
1.1 Software as a Service
1.2 Infrastructure as a Service
3. Global Cloud Access Security Brokers Market , by Vertical:
3.4 Consumer Goods and Retail
3.6 Telecommunication and IT
4. Global Cloud Access Security Brokers Market , by Organization Size:
4.1 Large Companies
4.2 Mid-sized Companies
4.3 Small Companies
5. Global Cloud Access Security Brokers Market , by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Rest of the World
The major players in the market are as follows:
3. Skyhigh Networks
10. Imperva Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Cloud Access Security Brokers Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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