PUNE, India, December 10, 2015 /PRNewswire/ --
According to a new market research report, "Cloud Access Security Brokers Market by Solution & Service (Control & Monitoring Cloud Services, Risk & Compliance Management, Data Security, Threat Protection, Professional Service, & Support, Training, and Maintenance Service) - Global Forecast to 2020", published by MarketsandMarkets, the global cloud access security brokers market size to grow from USD 3.34 Billion in 2015 to USD 7.51 Billion by 2020, at a compound annual growth rate (CAGR) of 17.6%.
Browse 67 market data Tables and 47 Figures spread through 139 Pages and in-depth TOC on "Cloud Access Security Brokers Market"
Early buyers will receive 10% customization on this report.
As the cloud-based application usage has increased among the SMBs and the enterprises, the need for cloud access security brokers solutions and services is also growing rapidly. The major drivers responsible for the growth of the cloud access security brokers market are controlled data loss, real-time monitoring capabilities, increased regulatory enactment, and increased adoption of cloud-based applications.
In the solution segment, data security solution would contribute the maximum market share in 2015
The data security solution is the core segment that prevents any kind of data leakage while moving the data from one place to another. The data security solution is widely adopted by the enterprises as it is built on three core pillars comprising encryption, tokenization, and data leakage prevention. This makes the solution a robust one further providing high-end security features to the SMBs, enterprises, and the end-users. Threat protection solution is the fastest-growing segment under the solution segment during the forecast period.
The growing demand for securing the business critical data by the organization is driving the professional service segment in this market
Professional services assist the enterprises in choosing the best possible solutions by understanding their requirement and recommending them the best possible technology for their establishment. The professional service providers offer data security policies to the end users to protect their critical business data and sensitive information hence this segment holds the highest market share in this market space. Support, training, and maintenance service is the fastest-growing segment under the service segment during the forecast period.
The SaaS service model to play a key role in the cloud access security brokers market
SaaS service model is expected to dominate the cloud access security brokers market from 2015 to 2020 with the largest market share, due to growing demand for cloud-based applications. IaaS is expected to play a key role in the cloud access security brokers market and will grow at the highest growth rate during the forecast period as it provides security capabilities on its own infrastructure.
Request for Sample @ http://www.marketsandmarkets.com/requestsample.asp?id=66648604
The increased popularity of SaaS service model by various organizations is the key driver driving the North American market
North America is expected to have the largest market share and would dominate the cloud access security brokers market from 2015 to 2020, due to the presence of a large number of security vendors. In Asia-Pacific (APAC), the rapid adoption of the cloud-based technology has created numerous opportunities for the vendors offering cloud access security brokers solutions and services and hence this region is expected to grow at the highest CAGR during the forecast period.
The key players in the Cloud Access Security Brokers Market include Imperva, Bitglass, CloudLock, CipherCloud, Skyhigh Networks, Netskope, Protegrity, Adallom, Perspecsys, and CloudMask. The key innovators included in the research report comprise Elastica, Palerra, Vaultive, FireLayers, and Palo Alto Networks. These players have adopted various strategies to expand their global presence and increase their market shares.
The report covers detailed information regarding the major factors influencing the growth of the cloud access security brokers market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers and acquisitions, partnerships, agreements, collaborations, venture funding, and recent developments associated with the endpoint security market.
Browse Related Reports
Cloud Services Brokerage Market by Types (Cloud Brokerage Enablement (Internal, External (Telecom Service Providers, System Integrators & ISVs, Hosting & Cloud Providers)), Cloud Brokerage) - Global Forecast to 2020
Cloud Security Market (Cloud IAM/IDAAS, DLP, Web Security, Email Security, Cloud IDS/IPS, SIEM, Encryption Services, BCDR, Network Security, Cloud Database Security, Virtualization Security) - Global Advancements, Forecasts & Analysis (2014-2019)
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets