The Business Research Company’s report on the Cloud Access Security Broker (CASB) Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the cloud access security broker (casb) market’s growth in recent years?
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 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, around 45.2% of EU enterprises utilized cloud computing services, primarily for email hosting, file storage, and various operational tasks, with a notable increase of 4.2 percentage points from 2021. The most sought-after services included email hosting (82.7%), file storage (68.0%), office software (66.3%), security applications (61.0%), finance or accounting software (51.6%), and enterprise database hosting (43.0%). Therefore, the growing number of cloud-based apps in small and medium-sized organizations is driving the cloud access security broker (CASB) market.
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How does the future projection of the cloud access security broker (casb) market size compare to its historical growth?
The cloud access security broker (CASB) market size has grown rapidly in recent years. It will grow from$13.33 billion in 2024 to $15.65 billion in 2025 at a compound annual growth rate (CAGR) of 17.4%. 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 exponential growth in the next few years. It will grow to “$32.98 billion in 2029 at a compound annual growth rate (CAGR) of 20.5%. 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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Which key players are shaping the future of the cloud access security broker (casb) market?
Major companies operating in the cloud access security broker (CASB) market include 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., SentinelOne Inc., Splunk Inc., Sonrai Security, Palo Alto Networks Inc., Qualys Inc., Trend Micro Inc.
What trends will propel the growth and evolution of the cloud access security broker (casb) market?
Technological innovations are the key trend gaining popularity in the cloud access security broker (CASB) market. Major companies operating in the cloud access security broker (CASB) market are focused on developing innovative technologies to strengthen their position in the market. For instance, in May 2022, Censornet, a UK-based company that offers cloud access security broker services and advanced threat protection, launched integrated identity as a service (IDaaS) technology into an intelligent cybersecurity platform. The launch expands its service to organizations and allows them complete control over user access via integration with its existing Web Protection, Cloud Application Security (CASB), Email Security, and Multi-Factor Authentication (MFA) solutions. The combination of IDaaS with Censornet’s intelligent security platform provides sophisticated rules that regulate who, when, and from where permission for what apps is given.
Which regions are expected to become dominant players in the cloud access security broker (casb) market?
North America was the largest region in the cloud access security broker (CASB) market in 2024. 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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What are the emerging key segments in the cloud access security broker (casb) market, and how are they evolving?
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
Subsegments:
1) By Control And Monitoring Cloud Services: Visibility And Reporting, Policy Enforcement, User Activity Monitoring
2) By Risk And Compliance Management: Compliance Reporting, Risk Assessment Tools, Audit Management
3) By Data Security: Data Loss Prevention (DLP), Encryption Solutions, Data Classification Tools
4) By Threat Protection: Threat Detection and Response, Anomaly Detection, Malware Protection
5) By Other Solutions: Integration With Existing Security Solutions, Identity And Access Management (IAM), Security Analytics And Intelligence
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What defines the structure and scope of the cloud access security broker (casb) market?
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.
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