The size of the cloud access security brokers market is expected to increase from USD 8.5 billion in 2023 to USD 8.5 billion in 2030, with a compound annual growth rate (CAGR) of 15.2%.

Crucial security tools that give businesses better visibility and control over their data as it flows to and from cloud environments are Cloud Access Security Brokers (CASBs). In order to guarantee the safe adoption of cloud services, CASBs operate as go-betweens for customers and cloud service providers.

A number of features are available with CASBs, including as threat detection, data encryption, access controls, and real-time monitoring of cloud activity. They make it possible for businesses to uniformly implement security regulations across a variety of cloud platforms, apps, and gadgets.

CASBs assist in identifying and mitigating possible risks, such as illegal access, data breaches, and compliance violations, by providing insights into user behavior and data consumption trends.

In order to meet different security requirements, CASBs may be implemented in a variety of ways, such as a forward-proxy, an API-based proxy, and a proxy. Businesses handling sensitive data, complying with laws like GDPR and HIPAA, or protecting intellectual property security may find these solutions very helpful.

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 are some of the major companies in the cloud access security brokers market.

“Due to the extraordinary surge of data over the last few decades, sensitive information that is not recognized to be public may be present anywhere, maybe in an insecure and exposed manner. However, businesses can now locate, categorize, and safeguard their data wherever it is kept safe with encryption and tokenization thanks to this new Imperva and Fortanix alliance, according to SVP and GM of Data Security at Imperva.

Since the initial release of the cloud access security broker (CASB), the use of enterprise SaaS has grown dramatically. Most companies nowadays store their critical business software and confidential company data in the cloud.

The proliferation of smaller, possibly illegal cloud apps and their use has made the CASB an indispensable component of corporate security strategies.

Increasing use of cloud computing services:
The market for cloud-based application services has grown significantly due in part to the unrelenting acceptance of cloud computing technologies. Businesses must maintain strong security measures to shield sensitive data from an ever-widening variety of risks when they shift their operations to the cloud in order to benefit from scalability, flexibility, and cost savings.

Combining machine learning and artificial intelligence:
The way businesses protect their cloud environments has completely changed as a result of the incorporation of Artificial Intelligence (AI) and Machine Learning (ML) into Cloud Access Security Brokers (CASBs). Through this connection, CASBs can now better manage overall security, threat detection, and response in ever-more complex and dynamic cloud environments.

Dominant Region and Country: North America leads the global cloud access security broker market because it was a pioneer in adopting cutting-edge technology and has a number of significant players in the market. Specifically, the United States has a sizable portion.

The United States was among the first countries to adopt cloud computing, with a large number of businesses switching to cloud-based services and apps.
The study also looks at plans, current development status, market strategies of major players, and global trends in the Cloud Access Security Brokers market. Additionally, it discloses the firm profile and prospects and further divides the market segmentation to delve deeply into study.

The following are the main classifications:

  • ~By Offering
    • Solution
      • Control and Monitoring Cloud Services
      • Risk and Compliance Management
      • Data Security
      •   Encryption
      •   Tokenization
      •   Data Leakage Prevention
      •   Threat Protection
  • ~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

The market for Cloud Access Security Brokers (CASB) has been propelled by many crucial elements that underscore the significance of safeguarding cloud settings and data. Among these drivers are:

Cloud Adoption:

The necessity for strong security solutions has grown as a result of the quick transfer of data and applications to the cloud. CASBs give users the resources they need to protect private data and keep things under control in cloud settings.

Data protection:

Preventing internal threats, illegal access, and data breaches is a growing problem for organizations. To protect sensitive data, CASBs include tokenization, encryption, and data loss prevention (DLP) features.

Compliance Requirements:

Strict security precautions must be taken while processing and keeping data in order to comply with regulatory demands including GDPR, HIPAA, and industry-specific laws. Through policy enforcement and data privacy protection, CASBs help organizations achieve compliance standards.

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