BANGALORE, India, March 11, 2020 /PRNewswire/ -- A cloud access security broker (CASB) is a software product or service that sits between the on-premises network of an enterprise and the infrastructure of a cloud provider. The CASB serves as a gatekeeper allowing the company to expand its security policy scope beyond its infrastructure.
The global size of the Cloud Access Security Brokers (CASB) market in 2019 was USD 8941.1 million and is expected to reach USD 36910 Million by the end of 2026, with a CAGR of 22.2 % in 2021-26.
Cloud Access Security Brokers market is segmented by Type and Application. Based on type, the market is segmented into SaaS, IaaS, and PaaS. And based on the application, the market is segmented into BFSI, Government, Healthcare and Life Sciences, Manufacturing, and others.
Cloud Access Security Brokers market competitive landscape provides details and data on key vendors. The report offers a comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
TRENDS INFLUENCING THE CLOUD ACCESS SECURITY BROKER MARKET SIZE
The cloud technologies growing adoption has increased security concerns, contributing to a positive influence on global CASB market growth. Governing bodies constantly revamping legislation makes the management of cloud protection services challenging for cloud storage vendors. Outsourcing security solutions has thus become the trend and pushes the CASB market even further.
The need for cloud access security broker solutions and services is proliferating as cloud-based application use has increased among SMBs. Controlled data loss, real-time monitoring capabilities, increased regulatory enforcement and increased acceptance of cloud-based applications are the major drivers responsible for the growth of the cloud access security broker market.
REGION WISE CLOUD ACCESS SECURITY BROKER MARKET SHARE ANALYSIS
North America holds the highest share of the cloud access security broker market due to its increasing IT requirements and security concerns. The U.S. market is expected to have a larger share, as many businesses are adopting cloud services.
MARKET SEGMENT BY REGIONS/COUNTRIES, THIS REPORT COVERS
By providing a single solution to protect confidential customer information across all cloud or on-premise systems, Cloud Access Security Broker (CASB) removes all the security-related issues. CASB serves as a gatekeeper, enabling organizations to expand beyond their own networks. Cloud Access Security Brokers implement various security measures, including encryption and system profiling. CASBs are especially useful in organizations with shadow IT operations or liberal security policies that allow their own cloud services to be procured and controlled by operating units.
The report offers an exhaustive geographical analysis of the global Cloud Access Security Broker (CASB) Application market, covering important regions. The Cloud Access Security Broker (CASB) Application Market report strategically segment the market into type and application. Based on type, the market is segmented into SaaS, IaaS, and PaaS. And based on the application, the market is segmented into BFSI, Industrial, Retail, Education, Healthcare, Service Providers and Others.
This report studies the market size of the Cloud Access Security Broker (CASB) software by players, regions, product types(SaaS, PaaS and IaaS) and end industries(BFSI, Industrial Controlling Systems, Automotive, Retail, Education, Healthcare, and Service Providers). Furthermore, the report also analyses the global competitive landscape, market drivers and patterns, opportunities and threats, risks and barriers to entry, distribution channels, distributors and Porter's Five Forces Analysis.
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