Cloud Access Security Broker (CASB) Industry Outlook 2025-2029: Market Set to Cross $32.98 Billion Milestone

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How Large Will the Cloud Access Security Broker (CASB) Market Size By 2025?
The market size of the cloud access security broker (CASB) has seen a surge in growth in the past years. The growth will progress from $13.33 billion in 2024 and expand to $15.65 billion in 2025 with a compound annual growth rate (CAGR) of 17.4%. The escalation during the historic period is linked to enhanced cybersecurity apprehensions, the need for regulatory compliance, the transition to remote working setups, heightened complexity of cloud settings, and an upsurge in mobile device distribution.

How Big Is the Cloud Access Security Broker (CASB) Market Size Expected to Grow by 2029?
In the upcoming years, substantial expansion is expected in the cloud access security broker (CASB) market. Its valuation is projected to reach "$32.98 billion by 2029, with a compounded annual growth rate (CAGR) of 20.5%. Several factors contribute to this predicted growth in the forecast period, such as the need to comply with data privacy laws, an increased focus on the prevention of insider threats, enhancements in granular visibility and control, as well as compliance automation and governance. Key trends during the forecast period include advancements in cloud-native CASB solutions, the implementation of data loss prevention (DLP), integration across platforms, bolstering API security, adopting zero trust architecture, and improving collaborative security in cloud-based tools.

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Which Key Market Drivers Powering Cloud Access Security Broker (CASB) Market Expansion and Growth?
The escalating use of cloud-based applications within small and medium-sized enterprises is anticipated to stimulate the cloud access security broker (CASB) market's expansion in the forthcoming period. Cloud-based applications refer to software extensively accessed over the internet, suggesting that at the very least, a fraction of its operation is governed by a server as opposed to the users' individual workstations. The mounting utilization of cloud-based applications across small and medium-sized businesses, broadens the CASB market scope since it is crucial in moderating cloud usage among devices and cloud applications, defense against attacks, and safety and protection of data. For instance, Eurostat, a Luxembourg-based intergovernmental agency, revealed in December 2023 that approximately 45.2% of EU businesses employed cloud computing services, chiefly for email hosting, file storage, and a variety of operational tasks, demonstrating a significant surge of 4.2 percentage points from 2021. The most preferred services incorporated email hosting (82.7%), file storage (68.0%), office software (66.3%), security tools (61.0%), finance or accounting software (51.6%), and enterprise database hosting (43.0%). Consequently, the rising employment of cloud-based apps among small and medium-sized enterprises propels the growth of the cloud access security broker (CASB) market.

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Which Fast-Growing Trends Are Poised to Disrupt the Cloud Access Security Broker (CASB) Market?
The emergence of innovative technologies is becoming a prominent trend in the cloud access security broker (CASB) market. Major industry players in the CASB market are heavily investing in the development of cutting-edge technologies to enhance their market standing. For instance, in May 2022, Censornet, a UK-based firm providing CASB services and advanced threat protection, unveiled its integrated identity as a service (IDaaS) technology in an intelligent cybersecurity platform. This roll-out broadens its services to organizations, giving them comprehensive control over user access through its current Web Protection, Cloud Application Security (CASB), Email Security, and Multi-Factor Authentication (MFA) systems. The amalgamation of IDaaS with Censornet's smart security platform results in intricate rules managing who, when, and from where permission for specific apps can be granted.

What Are the Emerging Segments in the 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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Who Are the Global Leaders 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.

Which are the Top Profitable Regional Markets for the Cloud Access Security Broker (CASB) Industry?
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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