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 |
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 Billion 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% |
| 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:
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Cloud Deployment Type, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Software Type, 2018 to 2033
Table 4: Global Market Value (US$ Million) Forecast by Services, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Cloud Deployment Type, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Software Type, 2018 to 2033
Table 8: North America Market Value (US$ Million) Forecast by Services, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Cloud Deployment Type, 2018 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Software Type, 2018 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by Services, 2018 to 2033
Table 13: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Europe Market Value (US$ Million) Forecast by Cloud Deployment Type, 2018 to 2033
Table 15: Europe Market Value (US$ Million) Forecast by Software Type, 2018 to 2033
Table 16: Europe Market Value (US$ Million) Forecast by Services, 2018 to 2033
Table 17: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: South Asia Market Value (US$ Million) Forecast by Cloud Deployment Type, 2018 to 2033
Table 19: South Asia Market Value (US$ Million) Forecast by Software Type, 2018 to 2033
Table 20: South Asia Market Value (US$ Million) Forecast by Services, 2018 to 2033
Table 21: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: East Asia Market Value (US$ Million) Forecast by Cloud Deployment Type, 2018 to 2033
Table 23: East Asia Market Value (US$ Million) Forecast by Software Type, 2018 to 2033
Table 24: East Asia Market Value (US$ Million) Forecast by Services, 2018 to 2033
Table 25: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Oceania Market Value (US$ Million) Forecast by Cloud Deployment Type, 2018 to 2033
Table 27: Oceania Market Value (US$ Million) Forecast by Software Type, 2018 to 2033
Table 28: Oceania Market Value (US$ Million) Forecast by Services, 2018 to 2033
Table 29: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 30: MEA Market Value (US$ Million) Forecast by Cloud Deployment Type, 2018 to 2033
Table 31: MEA Market Value (US$ Million) Forecast by Software Type, 2018 to 2033
Table 32: MEA Market Value (US$ Million) Forecast by Services, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Cloud Deployment Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Software Type, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Services, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Cloud Deployment Type, 2018 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Cloud Deployment Type, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Cloud Deployment Type, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Software Type, 2018 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Software Type, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Software Type, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Services, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Services, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Services, 2023 to 2033
Figure 17: Global Market Attractiveness by Cloud Deployment Type, 2023 to 2033
Figure 18: Global Market Attractiveness by Software Type, 2023 to 2033
Figure 19: Global Market Attractiveness by Services, 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Cloud Deployment Type, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by Software Type, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by Services, 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Cloud Deployment Type, 2018 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Cloud Deployment Type, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Cloud Deployment Type, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Software Type, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Software Type, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Software Type, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by Services, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Services, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Services, 2023 to 2033
Figure 37: North America Market Attractiveness by Cloud Deployment Type, 2023 to 2033
Figure 38: North America Market Attractiveness by Software Type, 2023 to 2033
Figure 39: North America Market Attractiveness by Services, 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Cloud Deployment Type, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by Software Type, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by Services, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Cloud Deployment Type, 2018 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Cloud Deployment Type, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Cloud Deployment Type, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by Software Type, 2018 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Software Type, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Software Type, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by Services, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Services, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Services, 2023 to 2033
Figure 57: Latin America Market Attractiveness by Cloud Deployment Type, 2023 to 2033
Figure 58: Latin America Market Attractiveness by Software Type, 2023 to 2033
Figure 59: Latin America Market Attractiveness by Services, 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Europe Market Value (US$ Million) by Cloud Deployment Type, 2023 to 2033
Figure 62: Europe Market Value (US$ Million) by Software Type, 2023 to 2033
Figure 63: Europe Market Value (US$ Million) by Services, 2023 to 2033
Figure 64: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Europe Market Value (US$ Million) Analysis by Cloud Deployment Type, 2018 to 2033
Figure 69: Europe Market Value Share (%) and BPS Analysis by Cloud Deployment Type, 2023 to 2033
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Cloud Deployment Type, 2023 to 2033
Figure 71: Europe Market Value (US$ Million) Analysis by Software Type, 2018 to 2033
Figure 72: Europe Market Value Share (%) and BPS Analysis by Software Type, 2023 to 2033
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Software Type, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) Analysis by Services, 2018 to 2033
Figure 75: Europe Market Value Share (%) and BPS Analysis by Services, 2023 to 2033
Figure 76: Europe Market Y-o-Y Growth (%) Projections by Services, 2023 to 2033
Figure 77: Europe Market Attractiveness by Cloud Deployment Type, 2023 to 2033
Figure 78: Europe Market Attractiveness by Software Type, 2023 to 2033
Figure 79: Europe Market Attractiveness by Services, 2023 to 2033
Figure 80: Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: South Asia Market Value (US$ Million) by Cloud Deployment Type, 2023 to 2033
Figure 82: South Asia Market Value (US$ Million) by Software Type, 2023 to 2033
Figure 83: South Asia Market Value (US$ Million) by Services, 2023 to 2033
Figure 84: South Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 86: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: South Asia Market Value (US$ Million) Analysis by Cloud Deployment Type, 2018 to 2033
Figure 89: South Asia Market Value Share (%) and BPS Analysis by Cloud Deployment Type, 2023 to 2033
Figure 90: South Asia Market Y-o-Y Growth (%) Projections by Cloud Deployment Type, 2023 to 2033
Figure 91: South Asia Market Value (US$ Million) Analysis by Software Type, 2018 to 2033
Figure 92: South Asia Market Value Share (%) and BPS Analysis by Software Type, 2023 to 2033
Figure 93: South Asia Market Y-o-Y Growth (%) Projections by Software Type, 2023 to 2033
Figure 94: South Asia Market Value (US$ Million) Analysis by Services, 2018 to 2033
Figure 95: South Asia Market Value Share (%) and BPS Analysis by Services, 2023 to 2033
Figure 96: South Asia Market Y-o-Y Growth (%) Projections by Services, 2023 to 2033
Figure 97: South Asia Market Attractiveness by Cloud Deployment Type, 2023 to 2033
Figure 98: South Asia Market Attractiveness by Software Type, 2023 to 2033
Figure 99: South Asia Market Attractiveness by Services, 2023 to 2033
Figure 100: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 101: East Asia Market Value (US$ Million) by Cloud Deployment Type, 2023 to 2033
Figure 102: East Asia Market Value (US$ Million) by Software Type, 2023 to 2033
Figure 103: East Asia Market Value (US$ Million) by Services, 2023 to 2033
Figure 104: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 106: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: East Asia Market Value (US$ Million) Analysis by Cloud Deployment Type, 2018 to 2033
Figure 109: East Asia Market Value Share (%) and BPS Analysis by Cloud Deployment Type, 2023 to 2033
Figure 110: East Asia Market Y-o-Y Growth (%) Projections by Cloud Deployment Type, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) Analysis by Software Type, 2018 to 2033
Figure 112: East Asia Market Value Share (%) and BPS Analysis by Software Type, 2023 to 2033
Figure 113: East Asia Market Y-o-Y Growth (%) Projections by Software Type, 2023 to 2033
Figure 114: East Asia Market Value (US$ Million) Analysis by Services, 2018 to 2033
Figure 115: East Asia Market Value Share (%) and BPS Analysis by Services, 2023 to 2033
Figure 116: East Asia Market Y-o-Y Growth (%) Projections by Services, 2023 to 2033
Figure 117: East Asia Market Attractiveness by Cloud Deployment Type, 2023 to 2033
Figure 118: East Asia Market Attractiveness by Software Type, 2023 to 2033
Figure 119: East Asia Market Attractiveness by Services, 2023 to 2033
Figure 120: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 121: Oceania Market Value (US$ Million) by Cloud Deployment Type, 2023 to 2033
Figure 122: Oceania Market Value (US$ Million) by Software Type, 2023 to 2033
Figure 123: Oceania Market Value (US$ Million) by Services, 2023 to 2033
Figure 124: Oceania Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 127: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 128: Oceania Market Value (US$ Million) Analysis by Cloud Deployment Type, 2018 to 2033
Figure 129: Oceania Market Value Share (%) and BPS Analysis by Cloud Deployment Type, 2023 to 2033
Figure 130: Oceania Market Y-o-Y Growth (%) Projections by Cloud Deployment Type, 2023 to 2033
Figure 131: Oceania Market Value (US$ Million) Analysis by Software Type, 2018 to 2033
Figure 132: Oceania Market Value Share (%) and BPS Analysis by Software Type, 2023 to 2033
Figure 133: Oceania Market Y-o-Y Growth (%) Projections by Software Type, 2023 to 2033
Figure 134: Oceania Market Value (US$ Million) Analysis by Services, 2018 to 2033
Figure 135: Oceania Market Value Share (%) and BPS Analysis by Services, 2023 to 2033
Figure 136: Oceania Market Y-o-Y Growth (%) Projections by Services, 2023 to 2033
Figure 137: Oceania Market Attractiveness by Cloud Deployment Type, 2023 to 2033
Figure 138: Oceania Market Attractiveness by Software Type, 2023 to 2033
Figure 139: Oceania Market Attractiveness by Services, 2023 to 2033
Figure 140: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 141: MEA Market Value (US$ Million) by Cloud Deployment Type, 2023 to 2033
Figure 142: MEA Market Value (US$ Million) by Software Type, 2023 to 2033
Figure 143: MEA Market Value (US$ Million) by Services, 2023 to 2033
Figure 144: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 145: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 146: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 147: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 148: MEA Market Value (US$ Million) Analysis by Cloud Deployment Type, 2018 to 2033
Figure 149: MEA Market Value Share (%) and BPS Analysis by Cloud Deployment Type, 2023 to 2033
Figure 150: MEA Market Y-o-Y Growth (%) Projections by Cloud Deployment Type, 2023 to 2033
Figure 151: MEA Market Value (US$ Million) Analysis by Software Type, 2018 to 2033
Figure 152: MEA Market Value Share (%) and BPS Analysis by Software Type, 2023 to 2033
Figure 153: MEA Market Y-o-Y Growth (%) Projections by Software Type, 2023 to 2033
Figure 154: MEA Market Value (US$ Million) Analysis by Services, 2018 to 2033
Figure 155: MEA Market Value Share (%) and BPS Analysis by Services, 2023 to 2033
Figure 156: MEA Market Y-o-Y Growth (%) Projections by Services, 2023 to 2033
Figure 157: MEA Market Attractiveness by Cloud Deployment Type, 2023 to 2033
Figure 158: MEA Market Attractiveness by Software Type, 2023 to 2033
Figure 159: MEA Market Attractiveness by Services, 2023 to 2033
Figure 160: MEA Market Attractiveness by Country, 2023 to 2033
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.
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Cloud Access Security Brokers Market
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