Cloud Access Security Broker Market Overview
The Cloud
Access Security Broker Market 2020 is all set to
achieve an approximate growth rate of 20% between 2017 and 2023, considered to
be the review period in the report by Market Research Future (MRFR).
Growth Boosters
and Main Restraints
Cloud access
security broker or CASB refers to a differentiated technology from the
traditional security categories such as web application firewalls (WAFs),
identity as a service (IDaaS), enterprise firewalls and secure web gateways
(SWGs). Since the emergence of CASB in 2011, it was viewed as a cloud
visibility solution used for discovering shadow IT. However, it has expanded to
provide a vast array of features across the pillars of compliance, visibility,
data security and threat protection.
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With the surge in
cloud usage and the rising maturity, the adoption of CASBs among enterprises
has soared considerably in recent years. As of today, it has become a critical
component in an enterprise security stack. It helps detect any potential misuse
of the cloud services, including activities that can take place on the inside
as well as by third parties.
Governing bodies in
various regions are continuously revamping their legislations, which has made
managing cloud protection services tough for cloud storage vendors. Therefore,
outsourcing security solutions has emerged as one of the key trends that are
inducing major growth in the CASB market even further. Teal-time monitoring
abilities, controlled data loss, rising acceptance of cloud-based applications
and increased regulatory enforcement are some other significant growth boosters
in the cloud access security broker (CASB) market.
Market
Segmentation
The cloud access
security broker market analysis conducted by MRFR data experts highlight
segments like solution, service, delivery model, organization size and
end-users.
Various solutions
covered by the experts are data security and threat protection, risk and
compliance management as well as control and monitoring cloud services. The
types of threat protection solutions are unmanaged apps, mobile security and
managed apps.
The service-wise
market segments include training, professional service and technical support.
The delivery
model-based market segmentation comprises PaaS, IaaS and SaaS. Every type of
business functionality is easily accessed with the use of SaaS at cheaper
operating costs, which supports its deployment across SMBs.
The organization
sizes discussed in the report are small and medium enterprises (SMEs) as well
as large enterprises.
The primary
end-users deploying cloud access security broker solutions include travel &
hospitality government, healthcare, education, BFSI, media & entertainment,
IT & telecommunication, retail, and others.
Regional Insight
The regional
segmentation of the cloud access security broker (CASB) market comprises Asia
Pacific (APAC), Europe, North America, and the Rest of the World (RoW).
North America
accounts for the highest implementation of CASB services, given the rapid expansion
of the cloud-enabled services in the United States (U.S). The North America
market largely benefits from the high awareness levels among enterprises about
cloud security. Also, the increasing adoption of various other service models
like software as a service and platform as a service boosts the demand for
cloud access security broker in the region. Companies including Oracle and Blue
Coat Systems are continuously working on developing cloud access security
broker platforms with better features, backed by acquisitions and partnerships
to solidify their positions in the market.
A substantial
growth has been noted in Europe, on account of the consistent surge in the
demand for data loss prevention as well as security solutions that require no
hardware maintenance.
The APAC market for
cloud access security broker is on track to achieve the fastest expansion rate,
thanks to the growing number of small & medium size enterprises combined
with the expansion of the e-commerce sector.
Prominent
Contenders
Some of the top
contenders striving to get a bigger share in the CASB market include CloudMask
(U.S.), Cisco Systems, Inc. (U.S.), Skyhigh Networks (U.S.). Imperva (U.S.),
Adallom (U.S.), Bitglass (U.S.), Symantec Corporation (U.S.), Protegrity
(U.S.), CipherCloud (U.S.), Netskope (U.S.), and more.
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