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Global Cloud Access Security Brokers (CASBs) Market: Increasing Incidences of Data Thefts to Boost Demand

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Published on : Jun 28, 2017

Albany, New York, June 28, 2017: The growing incidences of data theft are one of the biggest concerns for organizations today and are leading towards increased adoption for cloud access security. The lack of storage infrastructure is another factor driving companies to opt for cloud. This in turn is pushing the demand for cloud access security brokers. The regulatory environment of cloud technology is continuously changing and this is fueling cloud storage vendors to outsource their platforms to cloud access security brokers. Due to all these factors, it is expected that the global cloud access security brokers market will witness a double digit CAGR during the forecast period of 2017 to 2021.

On the basis of components, the global cloud access security brokers market is segmented into services and software. The software solutions segment is sub-segmented into cloud-based and on-premise software. The software solutions covered by cloud access security brokers include control, monitoring, and prevention of data leakage. The on-premise segment is further sub-segmented into risk & compliance management, control and monitoring, cloud data encryption, tokenization, and data leakage prevention. Of these, the risk and compliance management and cloud data encryption segments will prove to be lucrative, expanding at a high CAGR during the period from 2017 to 2021.

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By cloud deployment type, the market can be segmented into SaaS, IaaS, and PaaS. Of these, the  SaaS platform led in the market in the past. However, IaaS platform is anticipated to witness fastest growth owing to their flexibility offered in terms of scalability. Also, IaaS platform has enhanced IT delivery capabilities, which is boosting the growth of this market worldwide. On the basis of geography, the global cloud access security brokers market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. North America has been leading in the market and is expected to continue to lead in the years to come. Europe will trail North America in terms of being the most lucrative regional segment in the cloud access security brokers market.

Thre report profiles key players operating in the global cloud access security brokers market for the purpose of study. They are: Skyhigh Networks, Zscaler Inc., NetSkope Inc., CloudLock Inc., Adallom Inc., Bitglass Inc., CipherCloud Inc., and Protegrity USA Inc. The key strategies adopted by these players and the challenges faced by them have been given in the report. The business and financial overview of each of the companies have also been included. Additionally, the recent developments of players are enlisted, thus making the report a powerful resource, helping investors to invest correctly in the market. 

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