Cloud Access Security Brokers Market size was valued at USD 8.74 Billion in 2020 and is projected to reach USD 32.99 Billion by 2028, growing at a CAGR of 18.06% from 2021 to 2028.
The cloud access security broker market is growing significantly due to the rising adoption of cloud based applications. There has been rise in the usage of cloud based applications in various businesses as these are less costly and can be accessed on real time basis.
Cloud access security broker solutions are used to provide data security, compliance management, network management, and other monitoring and controlling solutions to cloud based applications. These solutions are also used for data leakage prevention and cloud data encryption.
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It is predicted that the market for assistance, education, and scheduled maintenance would expand the fastest. In order to service clients across the world, each cloud access security broker provider has an assistant. Communities portals are created where customers may share ideas with individuals from other companies via online help, chat service, as well as other real-time help alternatives.
Cloud Access Security Broker Market Major Key Players:
- Imperva (U.S.)
• Bitglass (U.S.)
• Cisco Systems, Inc. (U.S.)
• CipherCloud (U.S.)
• Skyhigh Networks (U.S.)
• Netskope (U.S.)
• Protegrity (U.S.)
• Adallom (U.S.)
• Symantec Corporation (U.S.)
• CloudMask (U.S.)
Global Cloud Access Security Brokers Market Definition
Cloud access security brokers are essentially used to ensure the security of the important information data of companies. Cloud access security brokers can advise a variety of services such as monitoring user activity, warning administrators about possibly hazardous activities, implementing security policy compliance, and automatically preventing malware. Cloud access security brokers help organizations extend the security controls of their on-premises foundation to the cloud.
Numerous companies use cloud-based systems to accomplish their critical and sensitive data in more dependable and more secure ways. Small or medium businesses acquire cloud-managed services because their companies may need solid infrastructure. In light of the widening breach of security on the internet, there is a growing demand for cloud access security brokers. The brokers offer solutions for monitoring and controlling cloud data encryption, data breach prevention, as well as uncertainty and compliance management.
Cloud access security brokers solutions also help administrators learn what systems users actually access, and so they can guide employees to sanctioned options to better control and manage critical data. Cloud access security brokers guard enterprise systems against cyberattacks through malware prevention and implement data security through encryption, making data streams unreadable to external parties.
Scope of the Report
The market study covers the cloud access security brokers market on the basis of solutions, services, service models, organization size, verticals, and regions.
Control and Monitoring Cloud Services
Risk and Compliance Management
Data Leakage Prevention
Support, Training, and Maintenance
By Service Model:
Infrastructure as a Service
Platform as a Service
Software as a Service
By Organization size:
Small and Medium Businesses (SMBs)
Banking, Financial Services, and Insurance (BFSI)
Healthcare and Life Sciences
Retail and Wholesale
Telecommunication and IT
Presently, North America is holding the largest market share for cloud access security brokers due to high adoption of cloud computing technologies among enterprises. The adoption of other service models such as platform as a service and software as a service is also impacting the market for cloud access security broker in a positive manner. Companies such as Blue Coat systems and Oracle are also working towards the development of cloud access security broker platforms with the partnerships and acquisitions in this market to enhance market opportunities.
In Europe region, the market for cloud access security broker is witnessing high growth rate due to the increasing demand for data loss prevention and security solutions without hardware maintenance.
The Asia Pacific region is following the Europe region in cloud access security broker market. This market is expected to have the highest growth rate in coming years due to the adoption of security services and the growing adoption of cloud based business applications.