2025-2034 Cloud Access Security Broker (CASB) Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

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What Will the Cloud Access Security Broker (CASB) Industry Market Size Be by 2025?
The market size of the cloud access security broker (CASB) has experienced a swift expansion in the past years. The projection indicates an increase from $13.33 billion in 2024 to $15.53 billion in 2025, delivering a compound annual growth rate (CAGR) of 16.5%. This significant growth during the historical period can be credited to escalating cybersecurity issues, regulatory compliance demands, transformation to remote working conditions, heightened intricacy of cloud scenarios, and widespread use of mobile devices.

What's the Long-Term Growth Forecast for the Cloud Access Security Broker (CASB) Market Size Through 2029?
There is projected to be a considerable increase in the market size of the cloud access security broker (CASB) in the upcoming years. It is expected to rise to $32.4 billion by 2029, showing a compound annual growth rate (CAGR) of 20.2%. Factors contributing to this projected growth during the forecast period include adherence to data privacy laws, a higher focus on preventing insider threats, improving granular visibility and control, enhancing compliance automation and governance. The forecast period will also see key trends such as cloud-native CASB solutions, data loss prevention (DLP), integration across various platforms, API security, zero trust architecture, and enhanced security collaboration in cloud tools.

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What Are the Key Growth Drivers Fueling the Cloud Access Security Broker (CASB) Market Expansion?
The expansion of the cloud access security broker (CASB) market is projected to be propelled by the surge in the utilization of cloud-based applications within small to medium-sized organizations. These cloud-based applications are predominantly internet-facilitated software, indicating that a portion of its management is controlled by a server rather than users' local systems. The mounting usage of these applications in small to medium organizations furthers the CASB market's expansion, as it plays a crucial role in moderating cloud use across devices and apps, warding off attacks, and ensuring data preserves its integrity and safety. For example, Eurostat reported in December 2023 that about 45.2% of EU companies engaged cloud computing services mainly for email hosting, file storage, and various operational duties. This reflected a substantial increase of 4.2 percentage points from its 2021 figures. The most common services comprised email hosting (82.7%), file storage (68.0%), office software (66.3%), security applications (61.0%), finance or accounting software (51.6%), and enterprise database hosting (43.0%). Therefore, the escalating usage of cloud-based apps within small and medium-scale organizations is bolstering the growth of the cloud access security broker (CASB) market.

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What Are the Key Trends Driving Cloud Access Security Broker (CASB) Market Growth?
The adoption of technological advancements is a principal trend escalating in the cloud access security broker (CASB) market. Leading firms in the CASB sector are adopting strategies devised to integrate cutting-edge technology to consolidate their market stance. Censornet, a UK-based enterprise offering CASB services and enhanced threat defense, exemplified this in May 2022. They introduced an identity-as-a-service (IDaaS) technology component to an intelligent cybersecurity platform, broadening its offerings to businesses. This enables entities to fully regulate user access through combined use of its established Web Protection, Cloud Application Security (CASB), Email Security, and Multi-Factor Authentication (MFA) solutions. The integration of IDaaS with Censornet's smart security platform offers advanced rules to control the permissions for various applications depending on the user, their timing, and their location.

How Is the Cloud Access Security Broker (CASB) Market Segmented?
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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Which Companies Are Leading the Charge in Cloud Access Security Broker (CASB) Market Innovation?
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 Regions Are Leading the Global Cloud Access Security Broker (CASB) Market in Revenue?
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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