The cloud access security broker market is growing significantly due to the rising adoption of cloud based applications. There has been rise in the usage of cloud based applications in various businesses as these are less costly and can be accessed on real time basis.
Cloud access security broker solutions are used to provide data security, compliance management, network management, and other monitoring and controlling solutions to cloud based applications. These solutions are also used for data leakage prevention and cloud data encryption.
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The cloud access security brokers are the solutions that are cloud based and on-premises based solutions used to combine and implement enterprise security policies such as single sign-on service, authentication, credential mapping, encryption, tokenization, malware detection, device profiling and others.
Enterprises at all level, are adopting cloud computing technology for certain benefits such as cost cutting, but security is a big challenge that faced by these enterprises while implementing cloud based business applications.
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The major factor driving the adoption of cloud access security brokers is the rising concern among enterprises for the security of cloud based applications. Many organizations are moving towards the adoption 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 threat, customized and provides security without control of any physically-oriented elements such as hardware.
Other driving factor for cloud access security brokers is increasing demand for real-time security.
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The key challenge in the cloud access security broker market is the limited awareness of CASB solutions for cloud based environment. This approach is still in its introductory phase due to which many organizations do not know about its benefits and usage.
There are limited number of companies that are using cloud access security broker solution for threat management, compliance management and for visibility of data. Moreover, there are very less number of vendors providing cloud access security brokering solutions due to which it is not cost-effective.
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