Global Cloud Access Security Brokers Market was valued at US$ 2.04Bn in 2017 and is expected to reach US$ 8.32Bn by 2026, at a CAGR of 19.21% during a forecast period.
Global Cloud Access Security Brokers Market
The major factor driving the implementation of global cloud access security brokers is the rising concern among enterprises for the security of cloud-based applications. Many organizations are moving towards the implementation of cloud technology, due to which they are in a need of strong network security, data security and threat management solutions that can be easily managed, identify the threat, customized and provides security without control of any physically-oriented elements such as hardware. Another driving factor for global cloud access security brokers is increasing demand for real-time security.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Based on the Solution segment,the data security solution segment is projected to have the largest market share in the global cloud access security brokers market. This solution segment is contributing significantly in the market owing to the growth of complex applications and increasing workloads. Now enterprises need to follow the regulatory compliance to monitor and control their data irrespective of the location. The data security solution segment is the core segment that prevents any kind of data leakage while moving from one place to another.