Cloud Access Security Brokers Market by Type and Geography - Forecast and Analysis 2022-2026

The cloud access security brokers market share is expected to increase by USD 8.2 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 15.46%.

This cloud access security brokers market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the cloud access security brokers market segmentation by type (solution and services) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The cloud access security brokers market report also offers information on several market vendors, including Broadcom Inc., Cato Networks Ltd., Censornet Ltd., Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., CloudCodes Software Pvt. Ltd., CodeLathe Technologies Inc., Forcepoint LLC, Imperva Inc., ManagedMethods, Microsoft Corp., Netskope Inc., Oracle Corp., Palo Alto Networks Inc., Proofpoint Inc., Saviynt Inc., Skyhigh Networks, Verizon Communications Inc., and Zscaler Inc. among others.

What will the Cloud Access Security Brokers Market Size be During the Forecast Period?

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Cloud Access Security Brokers Market: Key Drivers, Trends, and Challenges

Easy access to expertise is notably driving the cloud access security brokers market growth, although factors such as interoperability issues in the cloud may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the cloud access security brokers market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cloud Access Security Brokers Market Driver

Easy access to expertise is one of the key factors driving the global cloud access security brokers market growth. The cloud, as a concept and technology, is relatively new in the IT industry, and all enterprises are not aware of the benefits of this technology. However, in the recent past, several enterprises across the world have adopted the cloud and hybrid deployment models. However, without the required expertise in cloud management, many enterprises are unable to realize the full benefits of cloud services. Cloud access security brokers, being experts in their field, reduce the barriers associated with the adoption of cloud services by helping enterprises understand and manage the cloud effectively and efficiently. The transformation from the traditional method of data storage to the cloud involves several processes and technical interfaces. The brokers manage and customize services in the cloud due to their in-depth knowledge and skill, which are required to understand advancements in technology. Sometimes, they also evaluate services from different CSPs and enable enterprises to understand the use of cloud services to encourage digital innovation. Hence, such factors are anticipated to drive market growth during the forecast period.

Key Cloud Access Security Brokers Market Trend

Customization of cloud features will drive the global cloud access security brokers market growth. Enterprises require the services of cloud service providers for different functions such as open source and research activities, which accelerates the deployment of network functions. Hence, they require customization, such as a combination of aggregation and integration with other value-added services. Cloud access security brokers provide the option of customization using open-source projects such as Compatible One. OpenText Cordys, which is a set of proprietary software tools dedicated to the customization of cloud brokering platforms, can also be used. VerioCatalyst, which is a platform with a layered architecture, can also be used for customization. VerioCatalyst offers a service provisioning system, an administration platform, and a retail interface. It has payment and product bundling capabilities. The customization of cloud services offers unique purpose-oriented platforms, such as Virtacore, a company that specializes in disaster recovery, and Google Apps. Some companies make additional efforts with a specific, differentiating feature. For instance, Green Cloud Technologies uses technologies such as VMware, NetApp, and Cisco and focuses on answering specific and custom client needs. However, security and trust optimization aspects have not been addressed sufficiently.

Key Cloud Access Security Brokers Market Challenge

Cloud interoperability issues are the major challenge to the global cloud access security brokers market growth. The process of accessing data from cloud-based systems requires high bandwidth for fast data retrieval. Accessing terabytes of data from cloud-based storage systems requires efficient IT systems that are free from networking issues. Cloud-based solutions are deployed to gain faster data access and run operations smoothly in enterprises. Any connectivity issues in information and communications technology (ICT) infrastructure can adversely affect business performance, and enterprises may shift to on-premises solutions. Accessing cloud computing services via online channels from remote locations should be free from packet loss and latency issues to meet service-level agreements (SLAs) for increased performance. Network and data isolation issues are common in cloud-based services. Cloud-based networking infrastructure is hosted in remote locations, which can lead to issues such as low bandwidth. Efficient connectivity enables software testers to continue their testing processes without any interruption due to connectivity issues caused by bottlenecks in servers and data centers. Vendors should provide backup and recovery solutions to recover the data lost due to network failures. Thus, cloud interoperability issues can hinder the growth of the global cloud access security brokers market during the forecast period.

This cloud access security brokers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global cloud access security brokers market as a part of the global data processing and outsourced services market within the global IT services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cloud access security brokers market during the forecast period.

Who are the Major Cloud Access Security Brokers Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Broadcom Inc.
• Cato Networks Ltd.
• Censornet Ltd.
• Check Point Software Technologies Ltd.
• Cisco Systems Inc.
• Citrix Systems Inc.
• CloudCodes Software Pvt. Ltd.
• CodeLathe Technologies Inc.
• Forcepoint LLC
• Imperva Inc.
• ManagedMethods
• Microsoft Corp.
• Netskope Inc.
• Oracle Corp.
• Palo Alto Networks Inc.
• Proofpoint Inc.
• Saviynt Inc.
• Skyhigh Networks
• Verizon Communications Inc.
• Zscaler Inc.

 

This statistical study of the cloud access security brokers market encompasses successful business strategies deployed by the key vendors. The cloud access security brokers market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• paloaltonetworks.com - The company offers Cloud Access Security Broker that delivers security policy control for SaaS applications and provides a means to enforce governance and data protection policies across diverse environments.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report on the cloud access security brokers market contains comprehensive market knowledge and an in-depth vendor landscape add-on to an analysis of the key vendors.

Cloud Access Security Brokers Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cloud access security brokers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global IT services market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Cloud Access Security Brokers Market?

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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for cloud access security brokers market in North America. Market growth in this region will be slower than the growth of the market in other regions.

Access to expertise will facilitate the cloud access security brokers market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020 and 2021, the outbreak of COVID-19 positively impacted the growth of the global cloud access security brokers market in North America. This was because cloud service brokerage solutions enabled organizations to continue their business activities remotely using various cloud services, which can be easily accessed by their customers. Also, work-from-home policies were adopted to mitigate the spread of COVID-19. This created the need for organizations to partner with vendors of cloud access security broker services to avail of their cloud-based services. Hence, the cloud access security brokers market in the region grew in 2020 and 2021, which is expected to continue during the forecast period. Moreover, in 2021, owing to the large-scale vaccination drives and various other government initiatives, the lockdown restrictions were relaxed, and business operations returned to normal. The trend of the hybrid model and work-from-home policies are expected to continue during the forecast period, which, in turn, is expected to drive the growth of the cloud access security brokers market during the forecast period.

What are the Revenue-generating Type Segments in the Cloud Access Security Brokers Market?

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The cloud access security brokers market share growth in the solution segment will be significant during the forecast period. The solution segment of the global cloud access security brokers market held the largest share in 2021 and is expected to remain the largest segment during the forecast period. A cloud access security broker serves as a point of enforcement of security policies between business customers and cloud service providers. Cloud access security brokers provide flexible enterprise solutions that help ensure cloud security across authorized and unauthorized applications and managed and unmanaged devices. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the cloud access security brokers market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Cloud Access Security Brokers Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 15.46%
Market growth 2022-2026	$8.2 billion
Market structure	Fragmented
YoY growth (%)	14.78
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	North America at 36%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Broadcom Inc., Cato Networks Ltd., Censornet Ltd., Check Point Software Technologies Ltd., Cisco Systems Inc., Citrix Systems Inc., CloudCodes Software Pvt. Ltd., CodeLathe Technologies Inc., Forcepoint LLC, Imperva Inc., ManagedMethods, Microsoft Corp., Netskope Inc., Oracle Corp., Palo Alto Networks Inc., Proofpoint Inc., Saviynt Inc., Skyhigh Networks, Verizon Communications Inc., and Zscaler Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Cloud Access Security Brokers Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive cloud access security brokers market growth during the next five years
• Precise estimation of the cloud access security brokers market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cloud access security brokers industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cloud access security brokers market vendors

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