+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Rising Adoption of Cloud-based Services by SMBs Facilitating CASB Market’s Growth at 16.7% CAGR

Posted on Mar 17, 2016

According to a new market report published by Transparency Market Research entitled “Cloud Access Security Brokers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,” the cloud access security brokers (CASB) market was worth US$ 3,371.4 Mn in 2015 and is expected to reach US$ 13,218.5 Mn by 2024, expanding at a CAGR of 16.7% from 2016 to 2024. North America was the largest market for cloud access security brokers in 2015. The growth in this region is being driven by the presence of a large number of small and medium-sized businesses (SMBs), start-ups, and large corporate enterprises. 

Browse the full Cloud Access Security Brokers Market (Cloud Deployment Type: SaaS, PaaS, IaaS; Software Type: Cloud-based, On-premise; Software Solution: Control & Monitoring, Risk & Compliance Management, Cloud Data Encryption, Data Leakage Prevention, Tokenization; Services: Consulting, System Integration, Operation & Maintenance) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 report at http://www.transparencymarketresearch.com/cloud-access-security-brokers-market.html

CASB services provide a security platform for cloud silos. A large number of SMBs and large corporates currently rely on cloud computing technologies to store their information and extract it whenever required. Security over the cloud is one of the major concerns facilitating the growth of cloud security solutions. CASB services play a significant role in providing solutions encompassing control & monitoring, risk & compliance management, tokenization, data leakage prevention, and cloud data encryption. These solutions are capable enough to provide complete cloud security, avoiding data leakage and the risk of security breaches at access points and nodes. 

The report provides cross-segment analysis of the CASB market, based on cloud deployment type and components comprising software and services. Segmentation on the basis of deployment type includes SaaS, PaaS, and IaaS. IaaS platforms are expected to emerge as the fastest-growing platforms, owing to their augmented IT delivery capabilities, increased scalability, and flexibility. However, the SaaS platform held the dominant position in terms of CASB cloud deployment type in 2015. 

Software solutions that are particularly used for data leakage prevention and control & monitoring held the largest market shares in 2015. Furthermore, these segments are growing at a significant pace owing to rising threat of security breaches. Frequently changing cloud regulations by governing bodies are making it difficult for cloud storage vendors to ensure compliance. This has enabled cloud storage vendors to outsource the security platform to the CASB providers, empowering the CASB risk & management compliance market to expand at an expected CAGR of 18% from 2016 to 2024. However, cloud data encryption is expected to be the fastest-growing software solution segment, expected to advance at the rate of 20.2% over the forecast period from 2016 to 2024. 

Geographically, North America is the largest market for CASBs and the region is anticipated to dominate the global CASB market over the forecast period. In 2015, North America accounted for approximately 30% of the global CASB market’s revenue. Key players in the market include NetSkope Inc., Skyhigh Networks, CloudLock Inc., Zscaler, Inc., Adallom, Inc., Bitglass, Inc., CipherCloud Inc., and Protegrity USA, Inc.

The CASB market is segmented as follows. 

Cloud Access Security Brokers Market, by Cloud Deployment Type

  • Software as a Service (SaaS)
  • Platform as a Service (PaaS)
  • Infrastructure as a Service (IaaS) 

Cloud Access Security Brokers Market, by Components

  • Software
    • Cloud-based
      • Control and Monitoring
      • Risk & Compliance Management
      • Cloud Data Encryption
      • Data Leakage Prevention
      • Tokenization
    • On-premise
      • Control and Monitoring
      • Risk & Compliance Management
      • Cloud Data Encryption
      • Data Leakage Prevention
      • Tokenization
    • Services
      • Consulting
      • System Integration
      • Operation and Maintenance 

Cloud Access Security Brokers Market by Geography

  • North America
    • The U.S.
    • Rest of North America
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia-Pacific (APAC)
    • Japan
    • China
    • Australasia
    • Rest of APAC
  • Middle East and Africa (MEA)
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America 

Browse : Our new press releases http://www.transparencymarketresearch.com/pressrelease/global-cloud-access-security-brokers-market.htm

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information. 

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. 

Contact

Mr. Sudip. S

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Back To Top