Market Overview:

Cloud service offers a secure, standardized and virtual storage service. It delivers faster services, improves manageability, increases IT department’s value and reduces total cost of ownership. Cloud infrastructure is becoming a boon for small and medium enterprises (SMEs) by offering scalable infrastructure and capabilities available as services. Cloud infrastructures are generally accessed using a pay-per-use model, unlike structures of payment that enable users to subscribe to vendor services for a set price or subscription. Enterprises can build their own cloud infrastructure in their premises instead of purchasing from a cloud vendor.

Cloud Access Security Broker Market Segmentation

The global cloud access security broker market is segmented solution, service, delivery model, organization size and end-users. The solution segment consists of control and monitoring cloud services, risk and compliance management, data security and threat protection.

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The threat protection solution is further bifurcated into managed apps, unmanaged apps, and mobile security. The service segment consists of professional service, training, technical support. The delivery model segment consists of SaaS, PaaS and IaaS. The organization segment consists of small and medium enterprises (SMEs), large enterprises. The end-user segment consists of BFSI, retail, government, healthcare, IT telecommunication, media entertainment, education, travel hospitality and others.

According to Market Research Future Analysis, the global cloud access security broker market is estimated to generate revenue of approximately USD 18 Billion by 2023; growing at a CAGR of 20% during the forecast period 2017-2023.