Overview and Scope
A cloud access security broker (CASB) refers to a software program or application that serves as a conduit across an organization’s premises or off-site network and a cloud provider’s infrastructure to evaluate cloud traffic and enhance the reach of its security rules. A CASB is used to regulate cloud consumption across devices and cloud applications, protect against threats, and help assure regulatory compliance and data protection.
Sizing and Forecast
The cloud access security broker (casb) market size has grown rapidly in recent years. It will grow from $11.47 billion in 2023 to $13.61 billion in 2024 at a compound annual growth rate (CAGR) of 18.7%. The growth in the historic period can be attributed to increased cybersecurity concerns, regulatory compliance requirements, shift to remote work environments, increased complexity of cloud environments, mobile device proliferation.
The cloud access security broker (casb) market size is expected to see rapid growth in the next few years. It will grow to $26.95 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to compliance with data privacy regulations, increasing emphasis on insider threat prevention, granular visibility and control enhancement, compliance automation and governance.. Major trends in the forecast period include cloud-native casb solutions, data loss prevention (dlp), cross-platform integration, api security, zero trust architecture, collaboration security in cloud-based tools.
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Segmentation & Regional Insights
The cloud access security broker (casb) market covered in this report is segmented –
1) By Solution: Control and Monitoring Cloud Services, Risk and Compliance Management, Data Security, Threat Protection, Other Solutions
2) By Service: Infrastructure as a Service, Platform as a Service, Software as a Service
3) By Enterprise Size: Large Enterprises, Small and Medium Enterprises (SMEs)
4) By Application Areas: Governance, Risk, and Compliance, Data Security, Application Security, Other Application Areas
5) By End-use: Banking, Financial Services, and Insurance, Government, Healthcare, IT And Telecom, Manufacturing, Retail And Consumer Goods, Education, Other End-Users
North America was the largest region in the cloud access security broker (CASB) market in 2023. The regions covered in the cloud access security broker (casb) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing number of cloud-based apps in small and medium-sized organizations is expected to propel the growth of the cloud access security broker (CASB) market in the coming future. Cloud-based apps are software that consumers access largely over the internet, implying that at least a portion of it is administered by a server rather than the users’ local workstations. The increasing number of cloud-based apps in small and medium-sized organizations expands the cloud access security broker (CASB) market as it is used in regulating cloud consumption across devices and cloud apps, protecting against attacks, and safety and safeguarding information. For instance, in December 2021, according to The Cloud in 2021, a survey report conducted among 2,834 respondents from globe conducted by O’Reilly Media Inc., a US-based learning company, 90% of the respondents in the survey report indicated that their organizations are using cloud-based applications. Additionally, nearly half (48%) of survey participants reported they anticipate moving 50% or more of their apps to the cloud in the upcoming year, while 20% of companies were expected to move to the cloud entirely. Therefore, the growing number of cloud-based apps in small and medium-sized organizations is driving the cloud access security broker (CASB) market.
Key Industry Players
Major companies operating in the cloud access security broker (casb) market report are Protegrity Inc., Skyhigh Security, Microsoft Corporation, Cisco System Inc., Forcepoint LLC, Broadcom Corporation, Imperva Inc., Proofpoint Inc., Lookout Inc., Zscaler Inc., Vaultive Inc., Fortinet Inc., Oracle Corporation, Happiest Minds, VMware Inc., Bitglass Inc., CipherCloud Inc., IBM Managed Cloud Services, McAfee LLC, F5 Networks Inc., Check Point Software Technologies, Verizon Enterprise Solutions, The Hewlett Packard Enterprise Company, CyberArk Software Ltd., Infoblox Inc., LogRhythm Inc., Logitech International S A, Mimecast limited, SentinelOne Inc., Splunk Inc., Sonrai Security, Palo Alto Networks Inc., Qualys Inc., Trend Micro Inc.
The cloud access security broker (casb) market report table of contents includes:
1. Executive Summary
2. Cloud Access Security Broker (CASB) Market Characteristics
3. Cloud Access Security Broker (CASB) Market Trends And Strategies
4. Cloud Access Security Broker (CASB) Market – Macro Economic Scenario
5. Global Cloud Access Security Broker (CASB) Market Size and Growth
….
31. Global Cloud Access Security Broker (CASB) Market Competitive Benchmarking
32. Global Cloud Access Security Broker (CASB) Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cloud Access Security Broker (CASB) Market
34. Cloud Access Security Broker (CASB) Market Future Outlook and Potential Analysis
35. Appendix
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