Cloud Access Security Brokers Market

Enterprise SaaS usage has increased significantly in the years since the cloud access security broker (CASB) was first launched. Today, the majority of businesses rely on the cloud to house their essential business apps and sensitive corporate data. The huge quantity of smaller, potentially unapproved cloud applications and their utilization have elevated the CASB to a crucial position in organizational security plans.

Some of the recent trends in the industry includes Zero Trust Security, Secure Access Service Edge (SASE), Automation of DevSecOps, and Cybersecurity Mesh among others. The Zero Trust security model, which assumes that no user or device should be trusted by default, has gained traction. CASBs could align with this trend by implementing more granular access controls, context-aware authentication, and continuous monitoring to ensure only authorized users and devices access cloud resources. Furthermore, network security and cloud security services are combined in the cloud-based security framework known as SASE. It combines cloud safety and network safety. SASE will become increasingly significant in 2023 as more businesses utilize various types of clouds. Regardless of user location or device type, make sure safe access to cloud resources is available. The architecture improves the overall security posture and streamlines cloud security administration. Moving ahead, security is taken into account at every stage of the software development lifecycle, from conception to deployment, thanks to the automation of the DevSecOps methodology. DevSecOps will be used by more businesses in 2023 to thwart issues before they arise.

Cloud Access Security Brokers Market Size

Report	Details
Market Size Value	USD 8.5 billion in 2024
Market Size Value	USD XX billion by 2030
CAGR	15.2%
Forecast Period	2024-2032
Base Year	2023
Historic Data	2020
Segments Covered	Offering, Service, Service Model, Organization Size, Application, and Vertical
Geographics Covered	North America, Latin America, Europe, Asia-Pacific, Middle East & Africa

Major players in the Cloud Access Security Brokers Market include Imperva, Inc., Bitglass, Broadcom Corporation, Cisco Systems Inc., Censornet, Palo Alto Networks, Microsoft Corporation, Forcepoint, McAfee, LLC, Cloudlock, Ciphercloud, Skyhigh Networks, Netskope, Protegrity, Adallom, Perspecsys, and Others.

Growing adoption of cloud computing solutions

One of the driving factors behind the significant growth of the CASB market is the relentless adoption of cloud computing solutions. As businesses transition their operations to the cloud to leverage scalability, flexibility, and cost savings, they are faced with the challenge of maintaining robust security measures to protect sensitive information from an increasingly diverse range of threats. The pivotal role played by CASBs lies in their ability to bridge the gap between cloud service providers and the organizations that utilize their services. CASBs offer a comprehensive suite of security functionalities, including visibility into cloud usage, data protection, threat detection, and compliance enforcement. As organizations operate across multiple cloud platforms, each with its security protocols, the CASB acts as a centralized control point. It ensures consistent application of security policies, regardless of the cloud services being employed. Furthermore, CASBs address the issue of "shadow IT," where employees use unauthorized cloud applications, potentially putting sensitive data at risk. By monitoring and managing cloud access, CASBs empower organizations to regain control over their digital infrastructure. This capability becomes even more critical as remote work and BYOD (Bring Your Own Device) trends become prevalent, necessitating secure access to cloud resources from various locations and devices.

Integration of AI and ML

The integration of Artificial Intelligence (AI) and Machine Learning (ML) into Cloud Access Security Brokers (CASBs) has brought about a transformative shift in the way organizations secure their cloud environments. This integration has enabled CASBs to enhance threat detection, response, and overall security management in increasingly complex and dynamic cloud landscapes. CASBs can identify threats and address them as soon as there is an effort to steal data to get unauthorized access thanks to the integration of AI and ML into User and Entity Behavior Analytics (UEBA). Some of the various features used by CASBs to defend the services from incoming threats include adaptive access control, dynamic and static malware analysis, threat intelligence, and prioritizing the investigation of malware.

Dominating Region and Country:

In the Global Cloud Access Security Brokers Market, North America dominates due to its early adoption of advanced technologies and the presence of several key players. The United States, in particular, holds a significant share. The U.S. was an early adopter of cloud computing, with many enterprises transitioning to cloud-based services and applications. This early adoption led to a higher demand for solutions that address the unique security challenges posed by cloud environments. Furthermore, the U.S. has one of the largest markets for cloud services and enterprise technology solutions. The sheer size of the market creates opportunities for CASB vendors to target a wide range of industries and organizations. Moreover, the U.S. has faced significant cybersecurity challenges, including data breaches and cyberattacks on both private and public entities. This heightened awareness of cybersecurity risks has led to increased investment in advanced security solutions like CASBs.

The Cloud Access Security Brokers Market research report provides an in-depth overview of the industry including market segmentation by Component, Technology, Bandwidth, Enterprise Size, End-User Industry, and Region. Analysis of the global market with a special focus on high-growth applications in each vertical and fast-growing market segment. It includes a detailed competitive landscape with identification of the key players concerning each type of market, in-depth market share analysis with individual revenue, market shares, and top players’ rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, and game-changing developments such as new product launches, collaborations, expansions, investment analysis, mergers, and acquisitions. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

The report further studies the market strategies of key players, recent development status, plans, and Cloud Access Security Brokers Market trends across the world. Also, it splits the market segmentation further to deep dive into research and reveals company profile and prospects.

Major Classifications are as follows:

• By Offering
  • Solution
    • Control and Monitoring Cloud Services
    • Risk and Compliance Management
    • Data Security

• • •   Encryption
    •   Tokenization
    •   Data Leakage Prevention

• • •   Threat Protection
  • Services
    • Professional Service
    • Support, Training, and Maintenance
• By Service Model
  • Infrastructure as a Service
  • Platiom as a Service
  • Software as a Service
• By Organization Size
  • SMEs
  • Large Enterprises
• By Application
  • Governance, Risk, and Compliance
  • Data Security
  • Application Security
  • Others
• By Vertical
  • BFSI
  • Education
  • Government
  • Healthcare and Life Sciences
  • Manufacturing
  • Retail and Wholesale
  • Telecommunication and IT
  • Others
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East
      • UAE
      • Saudi Arabia
      • Israel
      • Rest of the Middle East
    • Africa
      • South Africa
      • Rest of the Middle East & Africa

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