Cloud access security brokers (CASBs) are solutions that monitor and manage cloud-based data and applications, providing a layer of security to protect against cyber threats. The global cloud access security broker market size is expected to reach USD 25.56 billion by 2030, registering a CAGR of 18.3% from 2025 to 2030, according to a new report by Grand View Research, Inc.
Key Drivers of the Market
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- Need for securing and compliant cloud use
- Growing popularity of cloud-based applications among small and medium-sized businesses
- Rising cyberattacks on cloud systems
- Requirement to adhere to cloud security standards
These factors have contributed significantly to the growth of the cloud access security broker market. The need for secure and compliant cloud use is a major driver, as enterprises are increasingly adopting cloud-based applications to improve efficiency and reduce costs. However, this shift to cloud-based applications also increases the risk of cyber threats, making it essential for businesses to implement robust security measures.
Market Trends and Opportunities
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- Artificial intelligence and machine learning combined with multi-cloud management
- Cloud protection services challenging to manage for enterprises
- Outsourced security solutions in demand
- Increased adoption of cloud security solutions
The cloud access security broker market is expected to experience significant growth due to the rise in cyberattacks on cloud systems and the requirement to adhere to cloud security standards. The market is also driven by the increasing adoption of cloud security solutions, as businesses recognize the importance of protecting their cloud-based data and applications from cyber threats.
Market Strategies and Competitive Landscape
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| Cloud Service Provider | Acquisition Strategy | Key Product or Service |
|---|---|---|
| Amazon.com, Inc. | Acquisition of cloud security solutions | AWS Security Hub |
| Microsoft Corporation | Acquisition of cloud security solutions | Microsoft Defender for Cloud |
| Google, LLC | Acquisition of cloud security solutions | Mandiant, Inc. |
Several cloud service providers have opted for an acquisition strategy to maintain their dominance in the global cloud computing market and enhance their portfolio capabilities. This has enabled enterprises to increase their adoption of cloud access security broker solutions.
Market Vendors and Solutions
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- Cloud security providers such as Broadcom Corporation and Censornet are unifying cloud access security broker with data loss prevention and other services into a single management console.
- Market vendors focus on enhancing the end-user engagement experience by reducing the time of configuration.
- Censornet, for instance, introduced integrated identity as a service (IDaaS) into its cybersecurity platform.
Cloud security providers are focusing on developing unified solutions that combine cloud access security broker with other security services, making it easier for enterprises to manage their security posture. Market vendors are also prioritizing the end-user experience by reducing the time of configuration and improving the overall usability of their solutions.
Key Players in the Cloud Access Security Broker Market
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- Broadcom Corporation
- Censornet
- Forcepoint
- iboss
- Lookout, Inc.
- McAfee, LLC
- Microsoft
- Netskope
- Proofpoint, Inc.
- Zscaler, Inc.
The cloud access security broker market is highly competitive, with several key players vying for market share. These players offer a range of solutions and services that cater to the needs of enterprises and small and medium-sized businesses.
Challenges and Opportunities
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“The cloud access security broker market is expected to experience significant growth due to the rise in cyberattacks on cloud systems and the requirement to adhere to cloud security standards. However, the market also faces challenges such as the need for skilled security professionals and the complexity of cloud security solutions.
Despite these challenges, the cloud access security broker market presents significant opportunities for growth, driven by the increasing adoption of cloud security solutions and the need for secure and compliant cloud use. As the market continues to evolve, it is essential for businesses to stay ahead of the curve and invest in robust security measures to protect their cloud-based data and applications.
Conclusion
The cloud access security broker market is expected to experience significant growth in the coming years, driven by the need for secure and compliant cloud use and the rise in cyberattacks on cloud systems. With several key players vying for market share, the cloud access security broker market presents significant opportunities for growth and investment.
