Cloud Access Security Broker (CASB) Market Report 2025

The cloud access security broker (CASB) market size has grown rapidly in recent years. It will grow from $13.33 billion in 2024 to $15.65 billion in 2025 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to increased cybersecurity concerns, regulatory compliance requirements, shift to remote work environments, increased complexity of cloud environments, mobile device proliferation.

The cloud access security broker (CASB) market size is expected to see exponential growth in the next few years. It will grow to $32.98 billion in 2029 at a compound annual growth rate (CAGR) of 20.5%. The growth in the forecast period can be attributed to compliance with data privacy regulations, increasing emphasis on insider threat prevention, granular visibility and control enhancement, compliance automation and governance. Major trends in the forecast period include cloud-native CASB solutions, data loss prevention (DLP), cross-platform integration, API security, zero trust architecture, collaboration security in cloud-based tools.

The increasing adoption of cloud-based applications in small and medium-sized organizations is anticipated to drive the growth of the cloud access security broker (CASB) market in the near future. Cloud-based applications are software solutions that users primarily access over the internet, meaning at least part of the service is managed by a server rather than being hosted on local workstations. The rise in cloud-based applications among small and medium-sized organizations is expanding the CASB market, as these solutions are essential for regulating cloud usage across devices and applications, providing protection against cyber threats, and ensuring data security. For example, a report from Eurostat, a Luxembourg-based intergovernmental organization, indicated that approximately 45.2% of EU enterprises utilized cloud computing services in December 2023, primarily for email hosting, file storage, and various operational tasks, reflecting an increase of 4.2 percentage points since 2021. The most popular services included email hosting (82.7%), file storage (68%), office software (66.3%), security applications (61%), finance or accounting software (51.6%), and enterprise database hosting (43%). Therefore, the growing number of cloud-based applications in small and medium-sized organizations is driving demand for the cloud access security broker (CASB) market.

The rising frequency of cyber-attacks is anticipated to fuel the growth of the Cloud Access Security Broker (CASB) market. Cyber-attacks, characterized by deliberate and malicious attempts to compromise the integrity, confidentiality, or availability of computer systems and digital information, have witnessed a notable surge. In response, organizations are increasingly turning to CASBs to secure their cloud environments, protect sensitive data, and mitigate evolving cyber threats. As reported by AAG IT Services in December 2023, cyberattacks in Australia surged by 81% between July 2021 and June 2022. Notably, attacks on financial websites experienced a more than 200% increase in 2022, according to the latest cybercrime statistics. The heightened occurrence of cyber-attacks serves as a driving force behind the growth of the Cloud Access Security Broker (CASB) market.

Technological innovations stand out as a prominent trend gaining traction in the Cloud Access Security Broker (CASB) market. Key players in the CASB market are dedicated to advancing their technologies, aiming to fortify their positions in the industry. A notable example is Censornet, a UK-based company specializing in cloud access security broker services and advanced threat protection. In May 2022, Censornet launched integrated Identity as a Service (IDaaS) technology into its intelligent cybersecurity platform. This innovation extends services to organizations, offering comprehensive control over user access through integration with existing Web Protection, Cloud Application Security (CASB), Email Security, and Multi-Factor Authentication (MFA) solutions. The combination of IDaaS with Censornet's platform introduces sophisticated rules governing user access to applications.

Major companies in the cloud access security broker (CASB) market are launching Security Service Edge (SSE) innovations to bolster data protection, enhance threat detection, and streamline security management across cloud environments. SSE is a security framework that consolidates various security functions into a single cloud-native platform. For example, in March 2022, Zscaler Inc., a US-based cloud security firm, introduced Zero Trust Network Access (ZTNA), the first solution under the Security Service Edge framework. ZTNA is a security model that ensures that only authenticated and authorized users can access specific applications, irrespective of their location, thereby reducing the risk of data breaches and improving overall security posture.

In March 2023, Hewlett-Packard Enterprise (HPE), a US-based provider of cloud-based data management services, acquired Axis Security for an undisclosed sum. This acquisition is intended to strengthen HPE's security offerings by incorporating Axis Security's innovative cloud security solutions, allowing organizations to better safeguard their applications and data within a hybrid cloud environment. Axis Security is a US-based cybersecurity firm that specializes in cloud security solutions, particularly in securing application access and data.

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.

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. The countries covered in the cloud access security broker (casb) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A cloud access security broker (CASB) is a software application that acts as a bridge between an organization's on-premises or remote network and a cloud service provider's infrastructure. It assesses and enhances the security of cloud traffic, playing a crucial role in managing cloud consumption, protecting against threats, and ensuring compliance with regulatory standards and data protection protocols.

The primary solutions offered by cloud access security brokers (CASBs) include control and monitoring of cloud services, risk and compliance management, data security, threat protection, among others. Control and monitoring of cloud services involve overseeing and optimizing productivity across various privately or publicly accessible clouds. This practice allows IT teams to identify the cloud services used by each employee within the organization. CASB services cater to infrastructure as a service, platform as a service, and software as a service, serving both large enterprises and small to medium enterprises (SMEs). CASBs find applications in governance, risk, and compliance, data security, application security, and more, across various industries such as banking, financial services, insurance, government, healthcare, IT and telecom, manufacturing, retail and consumer goods, education, and others.

The cloud access security broker (CASB) market research report is one of a series of new reports that provides cloud access security broker (CASB) market statistics, including cloud access security broker (CASB) industry global market size, regional shares, competitors with an cloud access security broker (CASB) market share, detailed cloud access security broker (CASB) market segments, market trends and opportunities, and any further data you may need to thrive in the cloud access security broker (CASB) industry. This cloud access security broker (CASB) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cloud access security broker (CASB) market includes revenues earned by entities by offering managed services, support and maintenance, and professional services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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