Summary – A new market study, “Cloud Access Security Broker Market Scenario, Opportunities and Business Methodologies till 2023” has been featured on WiseGuyReports.
The Cloud Access Security Broker Market 2020 is all set to achieve an approximate growth rate of 20% between 2017 and 2023, considered to be the review period in the report by Market Research Future (MRFR).
Growth Boosters and Main Restraints
Cloud access security broker or CASB refers to a differentiated technology from the traditional security categories such as web application firewalls (WAFs), identity as a service (IDaaS), enterprise firewalls and secure web gateways (SWGs). Since the emergence of CASB in 2011, it was viewed as a cloud visibility solution used for discovering shadow IT. However, it has expanded to provide a vast array of features across the pillars of compliance, visibility, data security and threat protection.
With the surge in cloud usage and the rising maturity, the adoption of CASBs among enterprises has soared considerably in recent years. As of today, it has become a critical component in an enterprise security stack. It helps detect any potential misuse of the cloud services, including activities that can take place on the inside as well as by third parties.
Governing bodies in various regions are continuously revamping their legislations, which has made managing cloud protection services tough for cloud storage vendors. Therefore, outsourcing security solutions has emerged as one of the key trends that are inducing major growth in the CASB market even further. Teal-time monitoring abilities, controlled data loss, rising acceptance of cloud-based applications and increased regulatory enforcement are some other significant growth boosters in the cloud access security broker (CASB) market.
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Market Segmentation
The cloud access security broker market analysis conducted by MRFR data experts highlight segments like solution, service, delivery model, organization size and end-users.
Various solutions covered by the experts are data security and threat protection, risk and compliance management as well as control and monitoring cloud services. The types of threat protection solutions are unmanaged apps, mobile security and managed apps.
The service-wise market segments include training, professional service and technical support.
The delivery model-based market segmentation comprises PaaS, IaaS and SaaS. Every type of business functionality is easily accessed with the use of SaaS at cheaper operating costs, which supports its deployment across SMBs.
The organization sizes discussed in the report are small and medium enterprises (SMEs) as well as large enterprises.
The primary end-users deploying cloud access security broker solutions include travel & hospitality government, healthcare, education, BFSI, media & entertainment, IT & telecommunication, retail, and others.
Regional Insight
The regional segmentation of the cloud access security broker (CASB) market comprises Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW).
North America accounts for the highest implementation of CASB services, given the rapid expansion of the cloud-enabled services in the United States (U.S). The North America market largely benefits from the high awareness levels among enterprises about cloud security. Also, the increasing adoption of various other service models like software as a service and platform as a service boosts the demand for cloud access security broker in the region. Companies including Oracle and Blue Coat Systems are continuously working on developing cloud access security broker platforms with better features, backed by acquisitions and partnerships to solidify their positions in the market.
A substantial growth has been noted in Europe, on account of the consistent surge in the demand for data loss prevention as well as security solutions that require no hardware maintenance.
The APAC market for cloud access security broker is on track to achieve the fastest expansion rate, thanks to the growing number of small & medium size enterprises combined with the expansion of the e-commerce sector.
Prominent Contenders
Some of the top contenders striving to get a bigger share in the CASB market include CloudMask (U.S.), Cisco Systems, Inc. (U.S.), Skyhigh Networks (U.S.). Imperva (U.S.), Adallom (U.S.), Bitglass (U.S.), Symantec Corporation (U.S.), Protegrity (U.S.), CipherCloud (U.S.), Netskope (U.S.), and more.
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According to the report, the continuous evolution of information security parameters is likely to warrant new opportunities for companies active in the network access control market.
With the parade of technological advances, growth in new security solutions for data protection against malicious attacks is imminent, and is likely to unfold in various fronts.
Network access control (NAC) has come a long way and a cohort of leading companies have come up with solutions to further underpin its evolution over these many years.We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the network access control market.
For enhancing readers’ experience, the report starts with a basic overview about the network access control and its classification.
Further, we have considered 2014 as the base year, 2027 as the estimated year, 2019-2027 as the stipulated timeframe.Competitive AssessmentThe network access control market report includes global as well as emerging players:Extreme Networks, Inc.D-Link CorporationInfoExpress, Inc.Allied Telesis HoldingsNorth America will continue being the most lucrative market for network access control, with an ever-expanding growth of large and small & middle-sized enterprises.
The region remains one of the earliest adopters of end point devices, some of the prominent ones being smart phones, laptops, and tablets, thereby laying the foundation of steadfast adoption of network access control solutions.
Global Data Encryption Market Research Report, End-user (Aerospace & Defense, Automotive, BFSI, IT & Telecom, Healthcare, Manufacturing), Method (Asymmetric, Symmetric), Organization Size (Large Organizations), Deployment (On Premise)– Forecast till 2023Market SynopsisThe growing advancement of data-centered technology and the increasing adoption of electronics data-driven equipment in the market are propelling the data encryption market 2020.
The call for the protection of personal and sensitive information produced using electric equipment has led to the proliferation of data encryption market.
However, unawareness about data encryption solutions and intricacy in integrating them are the major factors that are impeding the enlargement of the market.Recently, the number of data theft has been on a perpetual increase and data destruction has reached an alarming lap.
Several consortia and government bodies have been a victim to the mischievous attacks by fraudulent which has led to a huge loss of money and at times leading to bankruptcy.
Owing to the increased adoption of cloud technology, the companies have begun to accumulate data remotely on the cloud.
There is an urgent requirement for protecting the data stored on the cloud as well as transferred to the cloud.
The computing world deals with higher risks of interference and security breach that continue to cost millions if not resolved on a priority.
The success at which in-house security systems are effective is constantly contested by higher adoption of managed security services outsourced to external providers.
While is started with providing meagre firewall appliance for internet service providers in the mid to late 90s, the global market for managed security services has been expanding rampantly and is slated to reach US$ 19.98 billion market value in 2016-end.
“Managed Security Services Market by 2026” is a report developed by Research Report Insights (RRI) that emphasis the rapid proliferation of managed security services in the global IT industry.
Request For Report Sample: https://www.researchreportinsights.com/report/sample/110114744/Managed-Security-Services-MarketThe replacement of in-house security with managed security services shall not only rev up the progress of IT companies, but also eliminate the risks of exposing their businesses to customer data thefts, resource constraints and targeted malware hacking, among others.
North America’s managed security services market will venture out on an impressive expansion and register a privileged 18.8% CAGR through the forecast period of 2016 to 2026.
Market HighlightsThe global cybersecurity market, according to the report by Market Research Future (MRFR), is slated to register a CAGR of moderate 10.5% during the forecast period to reach an exponential market valuation of USD 199.98 billion by 2025.Drivers and RestraintsThe rapid adoption of web and cloud-based applications is a driving factor likely to propel market growth.
The increasing demand from enterprises to lessen risks and strict compliance with the supervisory requirements are also expected to drive the market for cybersecurity over the review period.
Additionally, the rise in the frequency of cyber-attacks and threats across the globe is also creating growth opportunities for the cybersecurity market over the review period.On the other hand, the inadequate security budget set by small and medium enterprises may cause a hindrance to the cybersecurity market growth in the foreseeable future.
Nevertheless, the increasing demand and deployment of cybersecurity solutions and services from various industry verticals such as IT and telecommunications, banking, financial services and insurance (BFSI), and others, pave way for lucrative growth opportunities for major market players in the global cybersecurity market over the review period.Get a Free Sample @https://www.marketresearchfuture.com/sample_request/875Segmentation:The global cybersecurity market has been segmented on the basis of component, deployment, organization size, security type, and vertical.Based on the component, the global cybersecurity market has been bifurcated into solutions and services.
The solutions segment is sub-sub-segmented into antivirus, data loss prevention, disaster recovery, firewall, identity and access management, risk and compliance management, security information and event management, unified threat management, web filtering, and others.
The services segment of the market has been bifurcated into professional services and managed services.
27 February 2019, The global threat intelligence market is projected to exhibit strong growth owing to increasing cybercrimes and threat of data breaches, which can lead to financial losses in business.
Most of the data breaches are caused due to misuse or stolen user credentials.
Intel Authentication Solution is intended to limit the risk of data breaches by moving multifactor software functions into the hardware.Rapid development of IT infrastructure and improving interconnectivity due to emergence of internet of things (IoT) and growing trend of bring your own devices (BYOD) in organizations are likely to increase demand for better security solutions.
In addition, rising cases of targeted attacks and advanced persistent threats (APTs) in organizations are anticipated to boost demand for such solutions.
Majority of the threat attacks are unknown and low-targeted.Moreover, continuous development of novel technologies, such as artificial intelligence (AI), is expected to create a positive outlook for the market in the years to come.
It enables protection from various attacks, such as ransomware and zero-day threats, and blocks all threats with some advanced multi-layered technologies such, as machine learning, behavior analysis, and emulation.
23 May 2019 - Global Cloud Backup Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis.
The global Cloud Backup Market is expected to reach $190.5 billion by 2024.
The Cloud Backup Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Cloud Backup Business, Market Share of Product, Application and Regional Scope of Cloud Backup which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue.
This report will help the viewer in Better Decision Making.Top Key Manufacturers – Code42 Software, Inc., Datto, Inc., Barracuda Networks, Inc., VMware Inc., EMC Corporation, IBM Corporation, Microsoft Corporation, Symantec Corporation, CommVault Software, DropboxTo get a free sample request at: https://www.millioninsights.com/industry-reports/cloud-backup-market/request-sampleThe Cloud Backup market on the source of Type of End User could span Telecommunication & ITES, Industrialized, Government & Public Sector, Banking Financial Services & Insurance [BFSI].
Mass media & Show business, Healthcare & Life sciences, Education and Consumer merchandises & Retail.The Cloud Backup market on the source of Scope of Business could span Large Enterprises, Small & Medium Enterprises [SMEs].
“Large Enterprises” is the prominent sector.
