Global Cloud Access Security Brokers Market was valued at US$ 2.04Bn in 2017 and is expected to reach US$ 8.32Bn by 2026, at a CAGR of 19.21% during a forecast period.
Global Cloud Access Security Brokers Market
The major factor driving the implementation of global cloud access security brokers is the rising concern among enterprises for the security of cloud-based applications. Many organizations are moving towards the implementation of cloud technology, due to which they are in a need of strong network security, data security and threat management solutions that can be easily managed, identify the threat, customized and provides security without control of any physically-oriented elements such as hardware. Another driving factor for global cloud access security brokers is increasing demand for real-time security.

Based on the Solution segment,the data security solution segment is projected to have the largest market share in the global cloud access security brokers market. This solution segment is contributing significantly in the market owing to the growth of complex applications and increasing workloads. Now enterprises need to follow the regulatory compliance to monitor and control their data irrespective of the location. The data security solution segment is the core segment that prevents any kind of data leakage while moving from one place to another.
Global Cloud Access Security Brokers Market

On the basis of service model segment, SaaS service model in the global cloud access security brokers market is projected to have the largest market in terms of size, during the forecast period. The main reason for the high implementation of SaaS among the service model is the increase usage of the global cloud-based applications from the cloud service providers. Still, the SaaS applications might contain malicious doings that may cause significant data loss. The global cloud access security brokers solutions helps in minimizing the loss of data through control and regular monitoring of the cloud-based applications and cloud services.

In terms of region, North America is projected to have the largest global cloud access security brokers’ market share and will dominate the market from 2015. Owing to improvements through research and development and technology and growing demand for business flexibility and agility. The market is expected to experience huge development in Asia-Pacific (APAC) owing to improved technology, cost efficiency, scalability, and improved productivity.

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The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Cloud Access Security Brokers Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Cloud Access Security Brokers Market.

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