Cloud Access Security Brokers Market Scope
Cloud Access Security Brokers (CASB) is a software service between the cloud provider’s and an organization's on-premises infrastructure. It enables the organization to extend the range of its security policies beyond its own infrastructure. It delivers data management, security, automatic malware prevention, and others. According to IBM, in 2017, data breaches dropped by nearly 25 percent but there was 424% jump in breaches related to misconfigured cloud infrastructure owing to human errors. Thus increasing number of cyber-attacks driving the need for CASB services. In addition, increasing adoption in small and medium enterprises and technological advancement in the software industry boosting the demand for CASB services.
According to AMA, the Global Cloud Access Security Brokers market is expected to see growth rate of 15.9%
Imperva (United States), Bitglass (United States), CloudLock (United States), CipherCloud (United States), Skyhigh Networks (United States), Netskope (United States), Protegrity (United States), Symantec (United States), Adallom (United States), Oracle Corporation (United States), CensorNet (United Kingdom), CloudMask (Canada) and Proofpoint, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Palo Alto Networks (United States), StratoKey (United States), CloudCodes (India), Fortinet (United States) and Perspescys Adallom (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Cloud Access Security Brokers market by Type (Control and Monitoring Cloud Services, Risk and Compliance Management, Data Security and Threat Protection), by Application (Banking, Financial Services, and Insurance (BFSI), Education, Government, Healthcare and Life Sciences, Manufacturing, Retail and Wholesale, Telecommunication and IT and Others) and Region with country level break-up.
On the basis of geography, the market of Cloud Access Security Brokers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
12th February 2019, Symantec security products and solutions provider acquire Luminate Security, Israel a software-defined perimeter and zero trust innovator to extend the power of integrated cyber defense in the cloud generation.
1st March 2019, Symantec added new integrations with IBM, Amazon Web Services (AWS), Microsoft, and dozens of other companies and their security tools to its platform. Symantec announced that 120 organizations now are members of the Technology Integration Partner Program and can access the Integrated Cyber Defense (IDC) platform.
Market Trend
- Increasing Demand for CASB for Real-Time Security Management
- Rising Adoption of Strong Network Security Solutions in Organizations
Market Drivers
- Rising Adoption of Cloud-Based Services
- Increasing Demand for CASB for Compliance and Threat Management Solutions
- Provide Visibility to the IT Department Regarding Usage of Sanctioned and Unsanctioned Cloud Services
Opportunities
- Increasing Demand from Small and Medium Enterprises (SMEs)
- Technological Advancement in the IT and Software Industry
Restraints
- Concerns Regarding Data Privacy and Security
- High-Cost Associate with CASB
Challenges
- Prevention of Data Leakage
- Lack of Awareness about CASB for Cloud-Based Applications
Key Target Audience
Software Providers, Service Providers, Market Research and Consulting Firms, Head of IT and Operations in Organizations, Investors and Venture Capitalists, Business Intelligence Providers, Government Organizations and Others