클라우드 액세스 보안 브로커 시장 : 배포 형태, 조직 규모, 업계별, 지역별(2024-2031년)

Cloud Access Security Brokers Market Valuation - 2024-2031

The increasing adoption of cloud services by businesses across numerous industries. As enterprises move their workloads and data to cloud platforms, the demand for strong security measures to secure sensitive information has grown. CASBs provide crucial functionalities such as data loss prevention, threat protection, and compliance management that are required to defend cloud environments fuelling USD 16.73 Billion in 2024 and reaching USD 56.29 Billion by 2031.

Furthermore, the increasing complexity of regulatory requirements and the increasing frequency of cyber-attacks are prompting organizations to invest in advanced security solutions, driving up demand for CASB solutions. This trend is accelerated by the growing reliance on remote work and the resulting need for safe access to cloud-based apps from a variety of locations and devices is expected to grow at a CAGR of about 18.06% from 2024 to 2031.

Cloud Access Security Brokers Market: Definition/ Overview

Cloud Access Security Brokers (CASBs) are security solutions that sit between cloud service consumers and cloud service providers, enforcing security, compliance, and governance standards on cloud applications. CASBs offer a variety of security features, including data loss prevention, threat protection, insight into cloud usage, and compliance management. Organizations employ them to secure their cloud environments, protecting sensitive data and ensuring compliance with regulatory standards. The future scope of CASBs seems bright as cloud adoption increases, driven by the growing demand for secure and compliant cloud usage. With advances in artificial intelligence and machine learning, CASBs are likely to become even more complex, with improved threat detection and response capabilities to combat emerging cyber threats.

Will Rapid Adoption of Cloud Services by Enterprises Propel the Cloud Access Security Brokers Market?

The rising usage of cloud services by companies is driving the Cloud Access Security Brokers (CASB) market. As more enterprises shift their data and apps to the cloud, the requirement for robust security solutions to manage and monitor these environments grows. CASBs play a critical role in this shift by giving complete visibility into cloud usage, enforcing security controls, and guaranteeing regulatory compliance. This rising reliance on cloud services increases demand for CASB solutions, propelling market growth.

For instance, in July 2024, Palo Alto Networks upgraded its Prisma Cloud offering to improve CASB capabilities, with a focus on advanced threat detection and data security. This action emphasizes the growing importance of CASBs as businesses seek robust solutions to protect their cloud environments amid rising cloud adoption.

Similarly, in June 2024, Microsoft announced updates to Microsoft Defender for Cloud, including improved CASB features to help handle the security concerns associated with ubiquitous cloud use. These upgrades demonstrate the industry's responsiveness to the growing demand for comprehensive cloud security solutions.

The trend of increasing cloud usage is projected to fuel future expansion in the CASB market. As organizations continue to embrace cloud technologies for their flexibility and scalability, the need for CASBs is expected to expand. Cloud security innovations, such as the incorporation of artificial intelligence and machine learning into CASBs, will increase their effectiveness in dealing with growing risks and compliance difficulties, cementing their place in the evolving cloud security landscape.

Will Rising High Implementation Cost Hinder the Growth of the Cloud Access Security Brokers Market?

Rising high implementation costs can be a barrier to the expansion of the cloud access security brokers (CASB) business. The initial expenditure in installing CASB systems, which includes license fees, integration with existing IT infrastructure, and continuing operational costs, can be significant. For many small to medium-sized firms (SMEs) and organizations with limited resources, these expenses may dissuade them from adopting CASB solutions, delaying overall market growth. High costs might cause a slower adoption rate, particularly in locations or industries with more severe budget constraints.

The growing awareness of data security and compliance regulations is driving the demand for CASBs. Organizations understand the importance of safeguarding sensitive data and following legal obligations, which frequently offsets the high initial expenses. In response, many CASB providers are introducing flexible pricing models and subscription-based services to make their solutions more accessible. For example, in March 2024, Cisco introduced new pricing levels for its cloud security services, with the goal of lowering financial obstacles for small enterprises and boosting its customer base.

The CASB market is projected to expand further as the benefits of comprehensive cloud security become more evident. As technology progresses and competition grows, the costs of CASB implementation may decrease over time. Innovations in cloud security technologies and the launch of cost-effective solutions are likely to offset the impact of high initial costs, making CASB solutions more accessible to a larger variety of enterprises and supporting long-term market growth.

Category-Wise Acumens

Will Rising Usage of Cloud-Based CASB Drive the Cloud Access Security Brokers Market?

The growing use of cloud-based Cloud Access Security Brokers (CASB) is expected to considerably drive the Cloud Access Security Brokers market, owing to organizations' increasing move to cloud services. Cloud-based CASBs provide various benefits, including scalability, cost-effectiveness, and ease of setup, making them particularly appealing to enterprises migrating to the cloud. This deployment mode enables businesses to improve their cloud security without requiring extensive on-premises infrastructure, making it an enticing option for firms looking to safeguard data and applications housed in cloud environments. For instance, in June 2024, McAfee announced the development of its cloud-native CASB solutions to include enhanced threat detection capabilities, demonstrating the growing importance of cloud security.

Furthermore, cloud-based CASBs are becoming increasingly important for complying with data privacy rules and monitoring the security of various cloud applications. As enterprises increasingly implement multi-cloud and hybrid cloud strategies, the necessity for strong cloud security solutions grows. According to a Gartner analysis published in April 2024, cloud-based CASBs are predicted to grow significantly because they offer integrated security capabilities that solve the difficulties of multi-cloud systems. Companies like as Microsoft and IBM have also improved their cloud security services, stressing the strategic value of cloud-based CASBs in their portfolios.

Palo Alto Networks announced a new cloud-native CASB solution in July 2024 that uses artificial intelligence to increase threat intelligence and data protection. This step demonstrates the industry's acknowledgment of the need for innovative, scalable solutions to address the rising security concerns in cloud systems. As enterprises pursue digital transformation and cloud migration, the cloud-based CASB segment is likely to grow steadily, owing to its congruence with these trends and capacity to successfully fulfill modern security requirements.

On the other hand, the on-premises CASB segment, albeit less prominent, is rapidly expanding. This increase is being driven by enterprises that require greater control over their security infrastructure and data, particularly in highly regulated industries. As data privacy concerns and legal constraints grow, so does demand for on-premises solutions, albeit in a smaller sector than cloud-based ones.

Will Rising Demand by Large Enterprises Drive the Cloud Access Security Brokers Market?

Large companies are generating considerable growth in the cloud access security brokers (CASB) market. This is owing to their sophisticated IT environments and widespread use of cloud services, which require modern security measures. These firms confront greater security threats and regulatory requirements when they integrate multiple cloud platforms and services. As a result, they are heavily investing in CASB solutions to secure sensitive data, manage cloud usage restrictions, and maintain regulatory compliance. However, Small and Medium-sized Enterprises (SMEs) are the fastest expanding group.

While major companies now dominate the market, the drive toward digital transformation and cloud adoption is causing substantial development in other categories. For example, IBM recently announced in June 2024 that it is creating new CASB solutions customized for smaller organizations, signaling a trend toward meeting the needs of a broader group of customers. Despite this, large organizations' significant investments and complicated requirements ensure that they will remain a primary driver of the CASB market's growth for the foreseeable future.

Small and medium-sized enterprises (SMEs) are increasingly adopting cloud-based solutions to increase flexibility and minimize IT expenses, creating need for cost-effective and scaleable CASB solutions. As more SMEs migrate to the cloud, they seek cost-effective and user-friendly CASB solutions to protect their cloud environments, resulting in rapid growth in this market.

Country/Region-wise

Will Rising Regulatory Environment in North America Drive the Cloud Access Security Brokers Market?

Rising regulatory regulations in North America are expected to greatly boost the Cloud Access Security Brokers (CASB) industry. As data privacy and protection requirements tighten, enterprises are under increased pressure to strengthen their cloud security procedures. North America, particularly the United States and Canada, has seen an increase in rules such as the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR), which require strict controls over how data is stored and safeguarded in the cloud. CASBs assist enterprises comply with these rules by giving visibility into cloud usage, guaranteeing data security, and controlling access controls. Businesses are investing in CASB solutions to alleviate compliance as regulatory requirements become more complicated and volumetric risks and avoid potential.

For instance, in June 2024, JPMorgan Chase, a major US financial institution, announced a significant expansion of its cloud security infrastructure, including the implementation of advanced CASB solutions, in order to comply with the newly updated Federal Financial Institutions Examination Council (FFIEC) guidelines.

Similarly, in July 2024, SecureCloud Technologies, a Canadian technology company, introduced a new CASB solution designed to meet the severe standards of the Personal Information Protection and Electronic Documents Act (PIPEDA). These initiatives highlight the growing reliance on CASBs to help businesses negotiate the changing regulatory landscape, as well as how regulatory pressures are driving demand for specialist security solutions.

As rules become broader and enforcement becomes stronger, enterprises will increasingly look to CASB solutions to ensure compliance and protect sensitive data. The emphasis on data security and privacy is projected to spur innovation in CASB technology, resulting in more complex solutions to rising regulatory concerns. The continuous regulatory advancements will most likely create a favorable climate for the expansion of the CASB market, with businesses investing in these solutions to remain ahead of regulatory needs and protect their cloud-based assets.

Will Rising Investments in IT Security in Asia-Pacific Boost the Cloud Access Security Brokers Market?

Rising IT security investments in Asia Pacific are predicted to greatly enhance the cloud access security brokers (CASB) industry. As enterprises in this region shift to cloud-based settings, they prioritize IT security spending to meet new cloud computing concerns. The surge in digital transformation activities, combined with the growing acceptance of cloud services, is boosting need for robust security solutions. CASBs provide critical capabilities for managing and safeguarding cloud apps, data, and user access, making them a vital component of complete IT security plans. The emphasis on safeguarding sensitive data and ensuring compliance with data protection requirements adds to increased investment in CASB solutions.

In April 2024, prominent IT security organizations in Asia-Pacific observed an increase in demand for CASB solutions as businesses strive to protect their cloud infrastructures. Secure Cloud Solutions, a Singapore-based cybersecurity company, has announced a strategic relationship with a major cloud provider to provide better CASB solutions targeted to the region. This decision is consistent with the rising acknowledgment of the necessity for specific security measures to protect against cyber-attacks and maintain regulatory compliance. Such investments are projected to propel the CASB market in Asia-Pacific, with an emphasis on tackling the particular security challenges that organizations confront in this dynamic and fast changing industry.

Analysts believe that the region will grow steadily, owing to increased expenditures in IT security and a greater emphasis on securing cloud-based assets. The growth of cybersecurity threats, as well as the requirement for sophisticated threat detection and response capabilities, are projected to drive up demand for CASB solutions. As organizations in Asia-Pacific continue to prioritize security in their cloud strategy, the CASB market is expected to expand rapidly, with a focus on new solutions that satisfy the region's changing security needs.

Competitive Landscape

The competitive landscape of the cloud access security brokers (CASB) market is characterized by a mix of established cybersecurity firms and innovative startups, all vying to address the growing demand for cloud security solutions. These companies are focusing on enhancing their product portfolios through strategic partnerships, acquisitions, and continuous R&D efforts to integrate advanced technologies like artificial intelligence and machine learning. Additionally, many firms are expanding their global reach by entering new markets and offering tailored solutions to meet the specific security needs of various industries. The market is also seeing increased collaboration with cloud service providers to offer seamless and comprehensive security solutions to their customers.

Some of the prominent players operating in the cloud access security brokers market include:

Netskope

McAfee Skyhigh Security

Zscaler

Palo Alto Networks

Symantec CloudSOC CASB

Cisco Cloudlock

Forcepoint CASB

iBoss Cloud Platform

Lookout CASB

Microsoft Defender for Cloud Apps

Latest Developments

In December 2023, Cisco added additional features to its CASB solution, primarily to address the security issues of remote work settings. These enhancements include better user activity analytics and more support for safeguarding access to SaaS apps from a variety of devices and locations.

In February 2024, Symantec revealed its next-generation CASB platform, which includes better API-based controls and improved shadow IT discovery features. The new platform improves interoperability with other security solutions and provides more granular access controls for cloud apps.

In January 2024,Palo Alto Networks has completed the acquisition of a promising CASB startup, boosting its cloud security offerings. This move intends to improve Palo Alto's ability to manage multi-cloud settings and provide more comprehensive security solutions to its enterprise customers.

Cloud Access Security BrokersMarket, By Category

• Deployment Mode:
• Cloud-based CASB
• On-premises CASB
• Organization Size:
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
• Vertical:
• BFSI (Banking, Financial Services, and Insurance)
• Healthcare
• Government and Public Sector
• IT and Telecom
• Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3. Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Cloud Access Security Brokers Market, By Deployment Mode

• Cloud-based CASB
• On-premises CASB

5. Cloud Access Security Brokers Market, By Organization Size

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

6. Cloud Access Security Brokers Market, By Vertical

• BFSI (Banking, Financial Services, and Insurance)
• Healthcare
• Government and Public Sector
• IT and Telecom

7. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape

• Key Players
• Market Share Analysis

10. Company Profiles

• Netskope
• McAfee Skyhigh Security
• Zscaler
• Palo Alto Networks
• Symantec CloudSOC CASB
• Cisco Cloudlock
• Forcepoint CASB
• iBoss Cloud Platform
• Lookout CASB
• Microsoft Defender for Cloud Apps

11. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix

• List of Abbreviations
• Sources and References