How Has The Cloud Access Security Broker (CASB) Market Size Evolved Historically?
The cloud access security broker (casb) market has seen considerable growth due to a variety of factors.
•The size of the market for cloud access security broker (CASB) has seen a rapid expansion in the recent times. It is projected to rise from $13.33 billion in 2024 to $15.65 billion in 2025, at a compound annual growth rate (CAGR) of 17.4%.
The historical growth of this market has been driven by factors such as escalating cybersecurity issues, regulations necessitating compliance, a pivot to work-from-home arrangements, an upsurge in the complexity of cloud settings, and the widespread use of mobile devices.
What Will Be The Cloud Access Security Broker (CASB) Market Size In The Future?
The cloud access security broker (casb) market is expected to maintain its strong growth trajectory in upcoming years.
• The market for cloud access security brokers (CASB) is projected to experience vast expansion in the coming years, reaching "$32.98 billion by 2029 with a compound annual growth rate (CAGR) of 20.5%.
This growth during the forecast period can be linked to adherence to data privacy laws, an increasing focus on preventing insider threats, improved granular visibility and control, compliance automation and governance. The forecast period is also likely to see major trends such as cloud-native CASB solutions, data loss prevention (DLP), integration across platforms, API security, zero trust architecture, and collaboration security in cloud-based tools.
What Are The Primary Growth Drivers In The Cloud Access Security Broker (CASB) Market?
The expansion of the cloud access security broker (CASB) market is anticipated due to an uptick in the use of cloud-based applications by small and medium-sized businesses. These applications function primarily via the internet, indicating a portion of their operation is managed on a server, as opposed to a user's personal workspace. With the rise of cloud-based applications in smaller organizations, there's an increased demand for the CASB market, which regulates cloud usage across devices, shields against threats, and ensures data safety. For example, Eurostat, a Luxembourg-based international body, reported in December 2023, that 45.2% of EU businesses employed cloud computing services, mostly for email hosting, file storage, and other functional tasks. This marked a significant increase of 4.2 percentage points from 2021. The services most in demand were email hosting (82.7%), file storage (68.0%), office software (66.3%), security apps (61.0%), financial or accounting software (51.6%), and business database hosting (43.0%). Thus, the surge in cloud-based applications among small and medium businesses is fuelling the growth of the CASB market.
What Is The Segmentation Of The Global Cloud Access Security Broker (CASB) Market?
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 Emerging Trends Are Shaping The Cloud Access Security Broker (CASB) Market Landscape?
Advancements in technology are becoming a trending theme in the cloud access security broker (CASB) marketplace. Major businesses operating within this market are prioritizing the creation of pioneering technologies to bolster their standing. An exemplifying case involves Censornet, a UK-based firm providing cloud access security broker services and advanced threat protection. In May 2022, it introduced its integrated identity as a service (IDaaS) technology into an astute cybersecurity platform. This rollout broadens its service portfolio, granting organizations comprehensive control over user access through unison with its existing Web Protection, Cloud Application Security (CASB), Email Security, and Multi-Factor Authentication (MFA) facilities. This innovative amalgamation of IDaaS with Censornet's ingenious security platform produces intricate guidelines that dictate who gets permission, when, and from which location for various applications.
Who Are the Key Players in 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 are the Regional Insights into 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
