According to a new report, published by KBV research, The Global Cloud Access Security Broker Market size is expected to reach $18 billion by 2028, rising at a market growth of 17.8% CAGR during the forecast period.
The Software as a Service market dominated the Global Cloud Access Security Broker Market by Service Model in 2021, thereby, achieving a market value of $8.5 billion by 2028. The continued use of cloud-based apps by cloud service providers and the simplicity of setting up a Software as a Service cloud storage solution are the two factors that have contributed to the widespread adoption of Software as a Service among the service model.
The Risk & Compliance Management market is showcasing a CAGR of 17.6% during (2022 - 2028). The skill of managing the risk of non-compliance with the aid of the available resources is known as compliance risk management. The business processes, personnel, and regulatory compliance issues of the firm must be taken into consideration while preparing the regulatory requirements faced by the organizations under the compliance program.
The Large Enterprises market acquired the maximum revenue share in the Global Cloud Access Security Broker Market by Organization Size in 2021, thereby, achieving a market value of $11.4 billion by 2028. This may be ascribed to the ability to view & access crucial data in a cloud system for improved control, collaboration, and information rights management. Cloud access security brokers can stop illegal access and undesirable behaviors while enforcing data-centric security regulations due to integrated data-centric auditing & protection with corporate digital rights management.
The BFSI market shows the high growth rate of 16.8% during (2022 - 2028). This market is expanding as a result of the increased usage of cloud computing for regulatory compliance, fraud detection, and customer relationship management. The protection of cloud infrastructure across regions, availability zones, as well as edge locations is another duty assigned to the cloud access security broker.
The North America market dominated the Global Cloud Access Security Broker Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7.2 billion by 2028. The Europe market is poised to grow at a CAGR of 18.1% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 18.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/cloud-access-security-broker-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Imperva, Inc., Broadcom Inc., Censornet Ltd., Forcepoint LLC, Iboss, Inc., Lookout, Inc., McAfee Corp., Microsoft Corporation, Netskope, Inc., and Proofpoint, Inc.
By Service Model
By Solution
By Organization Size
By Vertical
By Geography
Companies Profiled
Unique Offerings 
