Global Cloud Access Security Broker (CASB) Market
Information Technology

The Cloud Access Security Broker (CASB) Market Is Estimated To Reach 22.47 Billion By 2027 At A CAGR Of 18.3% – Includes Cloud Access Security Broker (CASB) Market Size

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

The increasing use of cloud-based apps in small and medium-sized businesses is likely to drive the growth of the cloud access security broker (CASB) market in the coming years.

 

The global cloud access security broker (CASB) market size is expected to grow from $9.66 billion in 2022 to $11.47 billion in 2023 at a compound annual growth rate (CAGR) of 18.7%. The global cloud access security broker (CASB) market size is expected to reach $22.47 billion in 2027 at a CAGR of 18.3%.

 

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Global Cloud Access Security Broker (CASB) Market Segments Include:

  • By Solution: Control and Monitoring Cloud Services, Risk and Compliance Management, Data Security, Threat Protection, Other Solutions
  • By Service: Infrastructure as a Service, Platform as a Service, Software as a Service
  • By Enterprise Size: Large Enterprises, Small and Medium Enterprises (SMEs)
  • By Application Areas: Governance, Risk, and Compliance, Data Security, Application Security, Other Application Areas
  • By End-use: Banking, Financial Services, and Insurance, Government, Healthcare, IT And Telecom, Manufacturing, Retail And Consumer Goods, Education, Other End-Users
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global cloud access security broker (casb) market in 2021.

 

Major Market Players in the cloud access security broker (casb) market include Netskope, Protegrity Inc., Skyhigh Security, Microsoft Corporation, Cisco System Inc., Forcepoint, Broadcom, Iboss.

 

Technological advancements are the most prevalent trend in the cloud access security broker (CASB) market. To boost their market position, major cloud access security broker (CASB) companies are focusing on developing breakthrough solutions. Censornet, a UK-based firm that provides cloud access security broker services and sophisticated threat protection, for example, launched integrated identity as a service (IDaaS) technologies into an intelligent cybersecurity platform in May 2022. Through connection with its existing Web Protection, Cloud Application Security (CASB), Email Security, and Multi-Factor Authentication (MFA) products, the launch broadens its offering to organisations and gives them complete control over user access. When IDaaS is combined with Censornet’s intelligent security platform, sophisticated rules are created that govern who, when, and from where permission for what apps is granted.

 

The Cloud Access Security Broker (CASB) Global Market Report 2023  provides a cloud access security broker (casb) market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cloud access security broker (casb) market forecast analyzes cloud access security broker (casb) market size, cloud access security broker (casb) market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

A cloud access security broker (CASB) is a software programme or application that acts as a conduit between an organization’s premises or off-site network and the infrastructure of a cloud provider in order to analyse cloud traffic and extend the reach of its security regulations. A CASB is used to control cloud usage across devices and cloud applications, to protect against attacks, and to ensure regulatory compliance and data security.

 

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