The Global Cloud Access Security Broker Market is Predict to reach $18 Billion by 2028, at a CAGR of 17.8%

Published Date: 31-Oct-2022

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Cloud Access Security Broker Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Cloud Access Security Broker Market size is expected to reach $18 billion by 2028, rising at a market growth of 17.8% CAGR during the forecast period.

The Software as a Service market dominated the Global Cloud Access Security Broker Market by Service Model in 2021, thereby, achieving a market value of $8.5 billion by 2028. The continued use of cloud-based apps by cloud service providers and the simplicity of setting up a Software as a Service cloud storage solution are the two factors that have contributed to the widespread adoption of Software as a Service among the service model.

The Risk & Compliance Management market is showcasing a CAGR of 17.6% during (2022 - 2028). The skill of managing the risk of non-compliance with the aid of the available resources is known as compliance risk management. The business processes, personnel, and regulatory compliance issues of the firm must be taken into consideration while preparing the regulatory requirements faced by the organizations under the compliance program.

The Large Enterprises market acquired the maximum revenue share in the Global Cloud Access Security Broker Market by Organization Size in 2021, thereby, achieving a market value of $11.4 billion by 2028. This may be ascribed to the ability to view & access crucial data in a cloud system for improved control, collaboration, and information rights management. Cloud access security brokers can stop illegal access and undesirable behaviors while enforcing data-centric security regulations due to integrated data-centric auditing & protection with corporate digital rights management.

The BFSI market shows the high growth rate of 16.8% during (2022 - 2028). This market is expanding as a result of the increased usage of cloud computing for regulatory compliance, fraud detection, and customer relationship management. The protection of cloud infrastructure across regions, availability zones, as well as edge locations is another duty assigned to the cloud access security broker.

The North America market dominated the Global Cloud Access Security Broker Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7.2 billion by 2028. The Europe market is poised to grow at a CAGR of 18.1% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 18.8% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Imperva, Inc., Broadcom Inc., Censornet Ltd., Forcepoint LLC, Iboss, Inc., Lookout, Inc., McAfee Corp., Microsoft Corporation, Netskope, Inc., and Proofpoint, Inc.

Global Cloud Access Security Broker Market Segmentation

By Service Model

  • Software as a Service
  • Infrastructure as a Service
  • Platform as a Service

By Solution

  • Data Security
  • Risk & Compliance Management
  • Control & Monitoring Cloud Services
  • Threat Protection
  • Others

By Organization Size

  • Large Enterprises
  • Small & Medium-sized Enterprises

By Vertical

  • IT & Telecom
  • BFSI
  • Healthcare
  • Retail & Consumer Goods
  • Government
  • Manufacturing
  • Education
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Imperva, Inc.
  • Broadcom Inc.
  • Censornet Ltd.
  • Forcepoint LLC
  • Iboss, Inc.
  • Lookout, Inc.
  • McAfee Corp.
  • Microsoft Corporation
  • Netskope, Inc.
  • Proofpoint, Inc.

Unique Offerings from KBV Research

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  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Cloud Access Security Broker Market Future Scope & Opportunities 2022-2028

Europe Cloud Access Security Broker Market Size & Growth Forecast 2022-2028

Asia Pacific Cloud Access Security Broker Market Size, Share & Industry Outlook to 2028

LAMEA Cloud Access Security Broker Market Growth, Trends & Forecasts 2022-2028

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