The cloud access security brokers market is expected to expand its roots at a steady CAGR of 13.9% during the forecast period. The market is likely to hold a revenue of USD 10.7 billion in 2023 while it is anticipated to cross a value of USD 39.3 billion by 2033.
Concerns related to cloud-based applications and programs and their safety and security; the adoption of cloud access security brokers are rapidly increasing. Corporate enterprises are implementing these broker's systems in their spaces to ensure data security.
As the need for better safeguarding of the data and important information related to the accounts, recruitments, or any other documentation rises, the demand for cloud access security brokers also rises.
Vendors ensuring to provide security services related to the latest threats are improving the market dynamics, allowing new players to experiment with the platform. The pandemic also damaged the core of corporate structures. Though, it positively impacted the CASB solutions market as the companies adopted SaaS, BYOD, and IaaS systems. As a result, the demand for the CASB tools grew, which helped companies in order to keep their data safe, while reducing the cyber-attacks.
| Attributes | Details |
|---|---|
| Cloud Access Security Brokers Market CAGR (2023 to 2033) | 13.9% |
| Cloud Access Security Brokers Market Size (2023) | USD 10.7 billion |
| Cloud Access Security Brokers Market Size (2033) | USD 39.3 billion |
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Due to the rapid digitization in corporate sector, the businesses are adopting technologies with integration capabilities eventually demanding the need of secure platforms. Hence, there is a high rise witnessed in the implementation of cloud access security brokers solutions in the last 5 to 10 years.
The major driver behind the growth of the market is the increasing need for cloud access security brokers in small and medium-sized businesses. Small startups that don’t have cloud storage support take the help of third-party cloud support systems.
These companies hold data related to HR and critical data related to their employees’ accounts. Small and medium-sized enterprises lack the capital and structural strength to implement cloud storage and ensure that level of security.
Rising data breaches all around the world are also pushing corporations to safeguard their data by using tools like cloud access security broker solutions, ensuring multilayered security that doesn’t let any ransomware affect the data. It also helps in recognizing any suspicious activity happening within the data sources, providing real-time monitoring to the end users, and increasing the risk and fraud management level.
The availability of real-time data monitoring makes the end user aware of the data processing and dimensions of multiple funnels, including sales and marketing. This gives a proportional idea to the end user that can be used in the predictive decision marking.
Integrating the cloud access security brokers' solution to the latest technology like artificial intelligence Internet of Things (IoT) pushes the market upward, securing the data from any type of threat. Better segmentation of critical and complex data provides a balanced outlook to the end user that can be utilized in data dashboards and analytical planning.
Overall, cloud access security broker solutions are easily manageable, customized solutions that provide inward and outward safety to the data, ensuring that the stored information is secure when any malicious activity occurs.
The major restraint of the cloud access security broker market is the lack of awareness amongst corporate spaces as they still use old-fashioned security solutions.
Organizations are not aware of the advantages and efficiency of cloud access security broker solutions. Another factor that restricts the growth of the market is less awareness of threat management, compliance management, and data monitoring.
The report covers several regions that includes North America, Latin America, Asia Pacific, the Middle East and Europe. Meanwhile, the USA is leading the market growing with the CAGR of 15.9% during the forecasting period.
In 2022, the United States had 19.4% of the market, while North America held 29.4%. The growing worry about data and information security due to fraud and data breaches is driving sales of cloud access security broker solutions.
Another factor driving the rapid expansion of the cloud access security broker solution market in the region is intense competition and the emergence of new private companies in the industry. Australia has the market's highest CAGR of 16.7%, owing to its significant capital expenditure in markets.
Aside from that, China is the third-fastest expanding market in the cloud access security broker industry. %. With rising at a CAGR of 14.2%, the market holds the potential to reach USD 2.1 Bn by 2032.By 2032, Japan is expected to be the second-largest market in terms of revenue, with a CAGR of 14.2%.
| Countries | Revenue Share % (2022) |
|---|---|
| United States | 24.2% |
| Germany | 8.2% |
| Japan | 4.2% |
| Australia | 2.9% |
| North America | 36.3% |
| Europe | 21.1% |
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 14.9% |
| India | 17.8% |
| United Kingdom | 15.1% |
Principal Consultant
| Category | By Cloud Deployment Type |
|---|---|
| Leading Segment | Software as a Service |
| Market Share (2022) | 38.1% |
| Category | By Technologies |
|---|---|
| Leading Segment | On-premise Software |
| Market Share (2022) | 21.39% |
Cloud access security holds different categories; cloud deployment type, software type, and services. These categories have small segments that expand their roots in new regions, connecting the distribution channels to enhance the supply chains.
Cloud deployment type is segmented by software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS). Similarly, services segment is divided into consulting, system integration and operation & maintenance. Meanwhile, the software type segment is categorized into On-premise software and Cloud-based software.
In the context of cloud deployment, SaaS segment is leading in the cloud access security brokers market. The software as a service segment is growing at 14.2% CAGR, while holding a market share of 38.1% in the year 2022.
The factors behind the growth of this segment are the easy installation of software as a secure solution to cloud storage. Other driving factors are faster deployment, mobility, reduced cost, and scalability than software as a service provides to its end users. This pushes the sales of cloud access security broker solutions.
By software type, the on-premises software is the largest segment in the market that is booming at a CAGR of 12.4% and has held the major portion of 21.39% in 2022.
The factors behind the excessive growth of this segment are reliability and customer behavior around the on-premises software type. On-premises software secures individual systems, safeguarding the data and information.
The competitive analysis explains how the cloud access security brokers market is dynamic. The key players are experimenting and adding more layers to the software in order to provide security from all kinds of advanced threats, including fraud and spam strikes. The major competitors also focus on collaborations and seasonal discounts on sales. The market is currently under an ongoing development process where vendors add new components to it.
Market Developments
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The market held a value of USD 9.4 billion in 2022.
The market holds a value of USD 10.7 billion in 2023.
The market is anticipated to hold a share of USD 39.3 billion by 2033.
The market is expected to have a CAGR of 13.9% by 2033.
Based on cloud deployment type, the software as a service segment leads in the market as it held a market share of 38.1% in 2022.
Based on software type, the on-premise software segment leads in the market as it held a market share of 21.39% in 2022.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Cloud Deployment Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Cloud Deployment Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Cloud Deployment Type, 2023 to 2033
5.3.1. Software as a Service
5.3.2. Platform as a Service
5.3.3. Infrastructure as a Service
5.4. Y-o-Y Growth Trend Analysis By Cloud Deployment Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Cloud Deployment Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Software Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Software Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Software Type, 2023 to 2033
6.3.1. On-Premise Software
6.3.2. Cloud and Monitoring
6.3.3. Control & Monitoring
6.3.4. Risk & Compliances Management
6.3.5. Cloud Data Encryption
6.3.6. Data Confidentiality/Data Leakage Prevention
6.3.7. Tokenization
6.4. Y-o-Y Growth Trend Analysis By Software Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Software Type, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Services
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Services, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Services, 2023 to 2033
7.3.1. Consulting
7.3.2. System Integration
7.3.3. Operation & Maintenance
7.4. Y-o-Y Growth Trend Analysis By Services, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Services, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. South Asia
8.3.5. East Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Cloud Deployment Type
9.2.3. By Software Type
9.2.4. By Services
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Cloud Deployment Type
9.3.3. By Software Type
9.3.4. By Services
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Cloud Deployment Type
10.2.3. By Software Type
10.2.4. By Services
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Cloud Deployment Type
10.3.3. By Software Type
10.3.4. By Services
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. U.K.
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Cloud Deployment Type
11.2.3. By Software Type
11.2.4. By Services
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Cloud Deployment Type
11.3.3. By Software Type
11.3.4. By Services
11.4. Key Takeaways
12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Malaysia
12.2.1.3. Singapore
12.2.1.4. Thailand
12.2.1.5. Rest of South Asia
12.2.2. By Cloud Deployment Type
12.2.3. By Software Type
12.2.4. By Services
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Cloud Deployment Type
12.3.3. By Software Type
12.3.4. By Services
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Cloud Deployment Type
13.2.3. By Software Type
13.2.4. By Services
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Cloud Deployment Type
13.3.3. By Software Type
13.3.4. By Services
13.4. Key Takeaways
14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Cloud Deployment Type
14.2.3. By Software Type
14.2.4. By Services
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Cloud Deployment Type
14.3.3. By Software Type
14.3.4. By Services
14.4. Key Takeaways
15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Cloud Deployment Type
15.2.3. By Software Type
15.2.4. By Services
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Cloud Deployment Type
15.3.3. By Software Type
15.3.4. By Services
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. U.S.
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Cloud Deployment Type
16.1.2.2. By Software Type
16.1.2.3. By Services
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Cloud Deployment Type
16.2.2.2. By Software Type
16.2.2.3. By Services
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Cloud Deployment Type
16.3.2.2. By Software Type
16.3.2.3. By Services
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Cloud Deployment Type
16.4.2.2. By Software Type
16.4.2.3. By Services
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Cloud Deployment Type
16.5.2.2. By Software Type
16.5.2.3. By Services
16.6. U.K.
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Cloud Deployment Type
16.6.2.2. By Software Type
16.6.2.3. By Services
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Cloud Deployment Type
16.7.2.2. By Software Type
16.7.2.3. By Services
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Cloud Deployment Type
16.8.2.2. By Software Type
16.8.2.3. By Services
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Cloud Deployment Type
16.9.2.2. By Software Type
16.9.2.3. By Services
16.10. India
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Cloud Deployment Type
16.10.2.2. By Software Type
16.10.2.3. By Services
16.11. Malaysia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Cloud Deployment Type
16.11.2.2. By Software Type
16.11.2.3. By Services
16.12. Singapore
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Cloud Deployment Type
16.12.2.2. By Software Type
16.12.2.3. By Services
16.13. Thailand
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Cloud Deployment Type
16.13.2.2. By Software Type
16.13.2.3. By Services
16.14. China
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Cloud Deployment Type
16.14.2.2. By Software Type
16.14.2.3. By Services
16.15. Japan
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Cloud Deployment Type
16.15.2.2. By Software Type
16.15.2.3. By Services
16.16. South Korea
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Cloud Deployment Type
16.16.2.2. By Software Type
16.16.2.3. By Services
16.17. Australia
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Cloud Deployment Type
16.17.2.2. By Software Type
16.17.2.3. By Services
16.18. New Zealand
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Cloud Deployment Type
16.18.2.2. By Software Type
16.18.2.3. By Services
16.19. GCC Countries
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Cloud Deployment Type
16.19.2.2. By Software Type
16.19.2.3. By Services
16.20. South Africa
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Cloud Deployment Type
16.20.2.2. By Software Type
16.20.2.3. By Services
16.21. Israel
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Cloud Deployment Type
16.21.2.2. By Software Type
16.21.2.3. By Services
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Cloud Deployment Type
17.3.3. By Software Type
17.3.4. By Services
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. NetSkope Inc
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Skyhigh Networks
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. CloudLock Inc
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Zscaler Inc
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Bitglass Inc.
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Cisco Systems, Inc.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Microsoft Corporation
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Palo Alto Networks, Inc.
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. CipherCloud, Inc.
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Imperva, Inc.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Cloud Access Security Brokers Market
