Cloud Access Security Broker Magic Quadrant. The cloud has become a major part of our lives. From storing data to accessing apps, the cloud is now a key component of our daily routines. While the cloud offers convenience, security concerns remain.
What is the Best Cloud Access Security Broker?
Cloud Access Security Broker (CASB) is software that allows an organization to manage cloud access security. A CASB inspects cloud traffic and notifies the users or the IT department if there is any suspicious activity.
A CASB monitors the cloud users and flags potential risks. It can also block access to specific resources or web pages, as well as report on compliance with company policies. It is an essential tool to help maintain security in the cloud environment.
Cloud Access Security Broker (CASB) Market
The cloud access security broker market will grow at a CAGR of 18.1% between 2017 and 2022.
In 2016, the cloud access security market size was 646 million USD. And expected to grow at a CAGR of 18.1% between 2017 and 2022.
The revenue
In terms of revenue, North America dominates the cloud access security market, accounting for more than 40% share in 2016, followed by Western Europe and Asia-Pacific (APAC). The United States accounts for the largest share of revenue in North America in 2016; this region is next to Canada and Mexico.
As far as the Asia-Pacific region is concerned, China holds the highest share of revenue in this market in 2016 owing to increasing digitization efforts by its government and other factors such as growing demand for online services among its citizenry, which has resulted in increased adoption of cloud services such as those offered by Alibaba
The cloud access security market has consolidation in nature, with the top three players (Check Point Software Technologies, Cisco Systems, Inc., and Trend Micro) collectively accounting for more than 50% share of the revenue.
According to the report, the major factors to drive the cloud access security market include the growing demand for integrated security solutions for the cloud, the need for preventing data breaches, and the requirement for protecting data transmitted over public networks.
The major factors to hamper the growth of this market include the high cost associated with the integration of cloud access security with other security solutions.
Core Security Solutions in Cloud Access Security Broker Market
The core security solutions that are in the cloud access security broker market are:
1• Data protection
2• Identity and access management (IAM)
3• Identity governance and administration services
4• Data loss prevention (DLP)
5• Endpoint protection
6• Behavioral analytics and machine learning
7• User and entity behavior analytics (UEBA)
8• Web security gateway (WSMG)
9• Access gateway
Cloud Access Security Broker Market Segmentation:
By Deployment: On-Premises and Cloud
The cloud access security market is segmented on the basis of deployment type into on-premises and cloud. In 2016, the market for on-premises was dominant in terms of revenue generation. The cloud access security market is projected to grow at a CAGR of 19.6% between 2017 and 2022. The highest revenue share is expected from the cloud market by 2022.
By Organization Size: Small, Medium, Large & Others
The cloud access security market is segmented on the basis of organization size into small, medium, large, and others. In 2016, the large enterprises held the maximum share of revenue generated in the cloud access security market due to their increasing adoption of cloud services.