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Global Cloud Access Security Brokers Market to Expand at 16.7% CAGR due to Growing Demand from North America

Press release Description

Albany, New York, May 13, 2016: Market Research Reports Search Engine (MRRSE) has added a new report to its repository. The report, titled “Cloud Access Security Brokers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” offers an in-depth analysis of the market drivers, restraints, and industry trends influencing global cloud access security brokers market. The report projects the global cloud access security brokers market to expand robustly at a CAGR of 16.7% during the period between 2016 and 2024.

Browse Full Global Cloud Access Security Brokers Market Report with TOC :

Cloud access security brokers, better known as CASB, are cloud security solution platforms deployed in order to protect critical and sensitive data of organizations. Lack of storage infrastructure and technological advancements have led to increased storage of digital information in cloud silos. With the growing threats of security breaches and data theft, CASB services are gaining popularity in the cloud security domain.

Small and medium firms have increasingly started deploying CASB solutions due to the dearth of storage infrastructure and flexible characteristics of CASB solutions. At low operating costs CASB solutions, particularly SaaS-delivered services, are gaining wide acceptance. All these factors are expected to boost the growth of the global cloud access security brokers market. However, lack of awareness regarding the secured usage of cloud technologies will hamper the growth of the market during the forecast period. The outsourcing of security solutions has emerged as the foremost trend in the market.

On the basis of cloud deployment type, the report segments the global cloud access security brokers market into Platform as a Service (PaaS), Software as a Service (SaaS), and Infrastructure as a Service (IaaS). Software-based CASBs include components such as cloud data encryption, control and monitoring, risk and compliance management, tokenization, and data leakage prevention. There is a growing trend of CASB deployment across SaaS platforms due to the cost-effectiveness of SaaS-delivered services.

The report studies the global cloud access security brokers market across Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Since the inception of cloud access security brokers services, North America has been the leading regional market. During the forecast period, North America is anticipated to expand at a CAGR of 18.4%. The rapid growth of the market in this region can be attributed to the expansion of cloud-enabled services across the U.S. The growing awareness about cloud security has further augmented the growth of this regional market.

Describing the competitive landscape, the report profiles some of the key players in the global cloud access security brokers market such as Skyhigh Networks, NetSkope Inc., Zscaler, Inc., CloudLock Inc., Adallom Inc., CipherCloud Inc., Bitglass Inc., and Protegrity USA Inc. Many of these key players are startup firms with highly equipped technologies to secure data over the cloud.

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