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Cloud Access Security Broker Market 2022-2027 Global Industry Analysis Covid-19 Impact

Animesh Rao
Cloud Access Security Broker Market 2022-2027 Global Industry Analysis Covid-19 Impact

Business-critical workloads are increasingly moving to the cloud, increasing flexibility and reducing IT costs. However, these changes are increasing security and visibility vulnerabilities that can compromise organizational security. In such a scenario, cloud access security broker solutions help to strike the right balance while maintaining control to protect critical data.

Cloud infrastructure is becoming a boon, especially for small and medium enterprises (SMEs), offering scalable infrastructure and capabilities available as services. Moreover, rapid digital transformation in SMEs and large organizations has led to cloud computing adoption, further requiring CASB solutions. The proliferation of cloud computing drives the market demand predominantly, orchestrating more integration-based networks.

According to Market Research Future (MRFR), the cloud access security broker market is poised to create a valuation of 18 BN by 2023, registering approximately 20% CAGR during the forecast period (2017-2023). Increasing data breaches and security concerns that continue to plague the business on cloud data insecurity are key driving forces behind the market. 

Additionally, the penetration of ubiquitous artificial intelligence technology, security infrastructures, and critical cloud applications boosts the growth of the CASB market. The demand for cloud access security broker solutions to overcome compliance and maintain strong compliance requirements pushes market growth. Furthermore, increasing numbers of cloud applications and analytics create substantial demand for data protection. 

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CASB Market – Segments

The cloud access security broker market forecast is segmented into solution, service, delivery model, organization size, end-user, and regions.

By Application:

Based on the application, the market is segmented into cloud-based tracking and management services, governance and compliance administration, information security, and threat prevention technologies and procedures.

By End-users:

Based on the propulsion types, the market is segmented into the financial services industry, retail, government, healthcare, information technology, and telecommunications, media and entertainment, education, travel and hospitality, and other industries.

CASB Market – Regional Analysis

North America leads the global cloud access security broker market. The region its vast technological advancements offer a favorable platform for CASB solutions to evolve further. Besides, the early adoption of CASB in large, small & medium-size enterprises and the rising cloud security infrastructures drive the growth of the market. The strong presence of notable market players and well-established technology development centers boost the region’s cloud access security broker market share. 

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Europe derives the second-largest share in the global cloud access security broker market. The market growth attributes to the increasing demand for security solutions in the growing number of businesses and the growing cloud computing market. 

Additionally, the rapid adoption of AI and cloud computing are some of the significant driving forces contributing to the cloud access security broker solution market in the region. Also, the proliferation of artificial intelligence and intelligent connected devices increases the region’s cloud access security broker market size. 

The Asia Pacific cloud access security broker market is growing briskly. Vast AI advancements and the rise in the numbers of SMEs, and the growing e-commerce sector in the region boost the cloud access security broker industry. Furthermore, the growing cloud infrastructure in the region, alongside the rising connectivity trends, propels the market growth. Increasing cyber-attacks in burgeoning automotive and IT industries push the growth of the CASB market in the European region.

Cloud Access Security Broker Market – Competitive Analysis 

Fiercely competitive, the CASB market appears fragmented, with the presence of many technology providers accounting for substantial market share. They make substantial investments in transforming the future business landscape. Also, they incorporate strategic initiatives such as collaboration, mergers & acquisitions, expansion, and product & technology launch, to gain a larger competitive share.

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Cloud Access Security Broker Market Key Players:

  • Imperva (U.S.)
  • Bitglass (U.S.)
  • Cisco Systems, Inc. (U.S.)
  • CipherCloud (U.S.)
  • Skyhigh Networks (U.S.)
  • Netskope (U.S.)
  • Protegrity (U.S.)
  • Adallom (U.S.)
  • Symantec Corporation (U.S.)
  • CloudMask (U.S.)

Reasons for Buying This Report:

  • It Provides A Forward-Looking Perspective on Different Factors Driving or Restraining Market Growth.
  • It Provides Five-Year Forecast Assessed based on How the Market Is Predicted to Grow.
  • It Helps in Understanding the Key Product Segments and Their Future.
  • It Provides Pinpoint Analysis of Changing Competition Dynamics and Keeps You Ahead of Competitors.
  • It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.


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Animesh Rao
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