Cloud Access Security Brokers Market Booming Demand Leading to Exponential CAGR Growth By 2028 | Advanced Technology, Developments, Challenges & Industry Scope
The growing concern among organizations for the safety of cloud-based applications is the major factor responsible for the surge of global cloud access security broker’s market growth. the global cloud access security broker’s market size is anticipated to reach USD 9 billion by 2028.
Dallas, United States – April 27, 2021 /MarketersMedia/ —
Global Cloud Access Security Brokers Market
Cloud access security brokers are primarily used to ensure the security of a company’s critical information data. Monitoring user behavior, advising administrators about potentially dangerous behaviors, enforcing security policy enforcement, and automatically preventing malware are just some of the services that cloud access security brokers can recommend. Likewise, cloud access security brokers assist businesses in extending their on-premises security controls to the cloud. Many businesses depend on cloud-based services to manage their vital and confidential data in a more reliable and stable manner. Since their businesses can need a solid infrastructure, small and medium businesses purchase cloud-managed services. Because of the rising number of security breaches on the internet, cloud access security brokers are in high demand.
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To avoid unauthorized data access, organizations may use cloud access protection brokers to incorporate external data loss prevention systems. In addition, the businesses aided in the real-time tracking of information that was uploaded, downloaded, and exchanged. Enterprises are adopting SaaS applications because of the cost savings, quicker implementation, mobility, and scalability they provide. Enterprises can access and store essential business data and confidential information on the cloud using SaaS offerings. The increased use of cloud-based applications from cloud service providers is the primary reason for SaaS’s high adoption among service models. The SaaS applications, on the other hand, may contain malicious activities that result in severe data loss. Via control and routine monitoring of cloud-based software and cloud services, cloud access protection brokers solutions help to minimize data loss.
Owing to the strong acceptance of cloud access security brokers for concerns about the security of cloud-based applications, the global demand for cloud access security brokers has expanded significantly. In addition, security solution outsourcing has become the most common trend, and it is also driving the market.
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The major players of the global cloud access security brokers market are Bitglass, Imperva, CloudLock, Skyhigh Networks, CipherCloud, Netskope, Adallom, Perspescys, Protegrity, CloudMask, and more. The cloud access security brokers solution market is fragmented with the existence of well-known global and domestic players across the globe.
Segment Overview of Global Cloud Access Security Brokers Market
Component Overview, 2018-2028 (USD Billion)
• Solution
o Data Management & Security
o Risk Management
o Compliance Management
• Services
o Professional Services
o Support & Training Services
End-User Overview, 2018-2028 (USD Billion)
• BFSI
• Government
• Healthcare
• Manufacturing
• Retail & Consumer Goods
• Telecom & IT
• Others
Regional Overview, 2018-2025 (USD Billion)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa
• South America
o Brazil
o Rest of South America
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