DataString Consulting Company Logo
DataString Consulting Company Logo
Cloud Access Security Brokers Market
Home»Recent Reports»Cloud Access Security Brokers Market

Cloud Access Security Brokers Market

Author: Ranjana Pant - Research Analyst, Report ID - DS1102022, Published - January 2025

Segmented in Solution Type (On-Premises, Cloud-Based), Service Model (SaaS, IaaS, PaaS), Industry Vertical, Organization Size and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

Share this report:

Global Cloud Access Security Brokers
Market Outlook

Cloud Access Security Brokers (CASBs) have an impact in revolutionizing the digital landscape by seamlessly integrating data security with technological advancements and market trends across various industries, in the modern cloud environment. The market, for Cloud access security brokers was estimated at $8.5 billion in 2024. It is anticipated to increase to $26.9 billion by 2030 with projections indicating a growth to around $70.5 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 21.2% over the forecast period.


Cloud Access Security Brokers play a role in safeguarding company data stored in the cloud through implementing robust security measures for access and usage control. They serve as a frontline defense against data breaches in a landscape plagued by cybersecurity threats. With features such, as enhanced visibility, integrated compliance management, data protection and threat prevention, CASBs effectively navigate the evolving digital environment.


Market Size Forecast & Key Insights

2019
$8.5B2024
2029
$58.1B2034

Absolute Growth Opportunity = $49.6B

The Cloud Access Security Brokers market is projected to grow from $8.5 billion in 2024 to $58.1 billion in 2034. This represents a CAGR of 21.2%, reflecting rising demand across Data Protection and Compliance, Cloud Visibility and Control and Threat Protection.

The Cloud Access Security Brokers market is set to add $49.6 billion between 2024 and 2034, with service providers targeting Banking & Finance & Insurance Industry Vertical projected to gain a larger market share.

With Increasing adoption of cloud-based technologies, and Stringent regulatory compliances, Cloud Access Security Brokers market to expand 584% between 2024 and 2034.

Opportunities in the Cloud Access Security Brokers Market

Demand in Healthcare Sector

The healthcareindustry'smove toward medical records and cloud based solutions offers a promising growth opportunity, for the CASM market segment.

Expanding IoT Ecosystems and Regulatory Compliance Necessity

The growing market of IOT is creating opportunities for Cloud Access Security Brokers . As the number of devices continues to rise in sectors like healthcare and automotive industries and manufacturing sector too. ensuring secure cloud access and data protection becomes crucially importanta top priority With their ability to offer cloud security solutions across a variety of platforms and devices CASBs are well positioned to take advantage of the evolving trends in IoT and make a significant impact, on the market scene.

Laws like the GDPR in Europe and the CCPA, in California are pushing companies to rethink how they protect data security globally. CASBs have an opportunity to assist companies in meeting these regulations by securing cloud access and averting data breaches.

Growth Opportunities in North America and Europe

Europe Outlook

The CASP market in Europe is expanding rapidly due to data protection laws such as GDPR enforcement is fierce as both local and international companies compete to offer secure and compliant cloud services in the region collaborations with local businesses and a growing emphasis on automation and AI within CASP solutions represent key opportunities, within Europe.

North America Outlook

In North America's market sector Cloud Access Security Brokers are in demand because of the regions advanced tech setup and rising cyber threats. Big players are, in competition bringing out fresh solutions. Newcomers have chances too as hybrid cloud services gain traction among big businesses alike.

North America Outlook

In North America's market sector Cloud Access Security Brokers are in demand because of the regions advanced tech setup and rising cyber threats. Big players are, in competition bringing out fresh solutions. Newcomers have chances too as hybrid cloud services gain traction among big businesses alike.

Europe Outlook

The CASP market in Europe is expanding rapidly due to data protection laws such as GDPR enforcement is fierce as both local and international companies compete to offer secure and compliant cloud services in the region collaborations with local businesses and a growing emphasis on automation and AI within CASP solutions represent key opportunities, within Europe.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, China, Japan, United Kingdom, Germany are expected to grow at 20.4% to 29.7% CAGR

2

Emerging Markets : Brazil, Indonesia, South Africa are expected to grow at 15.9% to 22.0% CAGR

Market Analysis Chart

Cloud Access Security Brokers serve as a security checkpoint for organizations by providing oversight and ensuring compliance with data security measures and threat detection protocols as they embrace cloud services to boost efficiency and adaptability in operations. The increasing reliance of businesses on cloud services has led to a surge in the CASBs market as organizations prioritize safeguarding their data amid growing cybersecurity threats that demand heightened diligence, in securing sensitive information.

Recent Developments and Technological Advancement

December 2024

Cisco Systems Inc purchased CloudLock, a startup with potential in order to enhance its position, in the Cloud Access Security Brokers market and bolster its security offerings.

October 2024

The new Prisma Access by Palo Alto Networks is a game changing advancement, in CASBs that enhances cloud network security through a platform.

August 2024

Symantec released an upgraded edition of its CASP product with enhanced AI driven threat detection features as a part of its security package. This move solidifies its standing as a contender, in the industry.

​ ​there have been developments in the market for Cloud Access Security Brokers solidifying their importance as a vital tool for companies that prioritize cloud security​ over the last few years​. The primary factor behind this progress is the capability of CASBs to provide visibility into compliance requirements and data protection while also safeguarding against threats​ concerns regarding the increasing use of cloud services, by organizations​.

Impact of Industry Transitions on the Cloud Access Security Brokers Market

As a core segment of the IT Services industry, the Cloud Access Security Brokers market develops in line with broader industry shifts. Over recent years, transitions such as Adoption of SaaS Applications and Policy and Regulation Changes have redefined priorities across the IT Services sector, influencing how the Cloud Access Security Brokers market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Adoption of SaaS Applications:

The move towards Software as a service applications represents a shift in the Cloud Access Security Brokers market. The embrace of SaaS applications is driven by their affordability, accessibility and scalability. With businesses shifting their processes into the cloud there is a rising requirement for CASBs as they play a crucial role in securing and enforcing compliance for data within these applications. Consequently the need for CASBs is growing rapidly in order protect data in SaaS applications, from cyber threats.

2

Policy and Regulation Changes:

The CASD market has seen a shift due, to more stringent rules and regulations concerning safeguard of data privacy.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the IT Services industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the IT Services industry cascade into the Cloud Access Security Brokers market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increasing Adoption of Cloud-Based Technologies, and Rise in Cybersecurity Threats

Organizations are also increasingly embracing cloud based services for storing and managing data in the Cloud Access Security Brokers market due, to the advantages of flexibility and cost effectiveness offered by cloud solutions across scales of businesses and industries.
The surge in cyber threats and data breaches targeting cloud-based services is also another driver for the CASB market. Increasing incidence of such threats has also compelled organizations to adopt robust security measures to prevent unauthorized access to data, driving the demand for CASBs.
The market is also also being driven by regulations that control data security concerns as industries move to the cloud and must also adhere to numerous data protection and privacy rules.

Restraint: Regulatory Constraints

Adhering to industry rules such as HIPAA in healthcare and FERPA in education presents a major challenge for cloud access security providers. Complying with these regulations necessitates handling and safeguarding of data systems which complicates service procedures. The laws outline consequences, for violations resulting in ongoing regulatory changes that introduce an atmosphere of unpredictability that could hinder the expansion of the market.

Challenge: Knowledge Gap

The insufficient understanding and recognition of the advantages of cloud security solutions can be an obstacle in the markets growth potential for many companies as they may not only grasp the full scope and consequences of security risks, in virtual environments; this lack of clarity might lead them to hesitate when it comes to investing in Cloud Access Security Brokers.

Supply Chain Landscape

Raw Material Suppliers

Microsoft

Amazon Web Services

Manufacturing & Assembly

Symantec Corporation

McAfee LLC

Distributor & Supplier
Cisco Systems / Netskope Inc
End Users
Banking and Financial / Government and Defense / Healthcare
Raw Material Suppliers

Microsoft

Amazon Web Services

Manufacturing & Assembly

Symantec Corporation

McAfee LLC

Distributor & Supplier

Cisco Systems

Netskope Inc

End Users

Banking and Financial

Government and Defense

Healthcare

Banner LogoBanner Logo

Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Data Protection
Information Technology
CipherCloud
Offering robust encryption and tokenization to secure data at rest, in transit and in use. Ensuring compliance with global regulations
Threat Protection
Healthcare
Symantec
Providing real-time malware detection and remediation, along with advanced threat intelligence. Also, focusing on regulatory compliance in healthcare data management
Compliance Management
Finance and Banking
McAfee
Furnishing a centralized policy management, ensuring compliance with financial regulations and implementing secure access control policies to sensitive data
Visibility and Control
Telecommunications
Netskope
Offering extensive visibility into cloud usage and risks, control over data travel, and protection against threats. Adapting to the ever-changing telecom industry's needs

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Cloud Access Security Brokers market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Cloud Access Security Brokers in Cloud Visibility and Control, Data Protection and Compliance and Threat Protection

Cloud Visibility and Control

CASB enable businesses to have a view of all SaaS applications being utilized within the company regardless of the device used or the connecting network.

Data Protection and Compliance

Cloud Access Security Brokers are essential for upholding data security and ensuring compliance in organizations by implementing encryption and tokenization methods to safeguard sensitive information more effectively than typical cloud service providers do on their own. They stand out for their capability to work seamlessly with cloud applications and storage platforms to provide centralized data management that aids in meeting regulatory requirements such as GDPR and HIPAA. Other prominent companies, in this field are McAfee and Symantec.

Threat Protection

CASBs are recognized for their approach to identifying and stopping threats before they escalate further into issues of concern. They offer features like analyzing user behavior and detecting anomalies to minimize risks associated with compromised login details or malicious internal actors. By implementing measures such as factor authentication and access control protocols CASBs help in narrowing down the vulnerable region's to potential threats. Key players in this field like Netskope and Bitglass employ AI technology to swiftly detect and address threats, in real time.

Cloud Access Security Brokers vs. Substitutes:
Performance and Positioning Analysis

Cloud Access Security Brokers offer security for cloud-based data, unlike traditional firewalls. As the demand for cloud computing grows, CASBs unique market position stands to benefit with the potential for substantial growth in the coming years

Cloud Access Security Brokers
  • Secure Web Gateways /
  • Data Loss Prevention tools /
  • Firewall as a Service
    Data Security Enhancement, Compliance Management Enforcement
    Limited User Awareness, Complexity in Deployment and Management
    Strong centralized security management, Enhanced scalability and flexibility
    Significant initial set-up costs, Potential interoperability issues with existing systems

Cloud Access Security Brokers vs. Substitutes:
Performance and Positioning Analysis

Cloud Access Security Brokers

  • Data Security Enhancement, Compliance Management Enforcement
  • Limited User Awareness, Complexity in Deployment and Management

Secure Web Gateways / Data Loss Prevention tools / Firewall as a Service

  • Strong centralized security management, Enhanced scalability and flexibility
  • Significant initial set-up costs, Potential interoperability issues with existing systems

Cloud Access Security Brokers offer security for cloud-based data, unlike traditional firewalls. As the demand for cloud computing grows, CASBs unique market position stands to benefit with the potential for substantial growth in the coming years

Loading...

Research Methodology

This market research methodology defines the Cloud Access Security Brokers market scope, captures reliable data, and validates findings through integrated primary and secondary research. The framework ensures accurate market sizing, demand-supply analysis, and competitive benchmarking specific to service-driven business models.


Secondary Research Approach


We begin secondary research by defining the targeted market at both global and regional levels. Positioned within the IT Services ecosystem, we analyze Cloud Access Security Brokers adoption across On-Premises and Cloud-Based Applications. Data is systematically collected from Professional Associations, Industry-specific Service Registries, company annual reports, country level ministerial sources and other credential sources, enabling detailed mapping of service delivery models, pricing structures, regulatory compliance, and technology enablers.


Key Sources Referenced:

• Annual Business Surveys (US, EU, Japan)

• NAICS - Economic Statistics (US, Canada) / IMF DSBB

Annual Reports / Industry Magazines / Country Level

DataString Database

We benchmark service providers such as McAfee LLC, Netskope Inc, and Microsoft Corporation, using industry databases, client case studies, annual reports, and partnership disclosures. This secondary research identifies market drivers and constraints, providing the foundation for validation through primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Suppliers, Manufacturing & Assembly, and Distributor & Supplier. Our geographic coverage spans Americas (45%), Europe (30%), and Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally secure a 70% response rate, while in-depth interviews achieve 84% engagement, ensuring a 91% confidence level with ±8.5% margin of error.


Through targeted questionnaires and in-depth interviews, we capture customer satisfaction, vendor selection criteria, service delivery effectiveness, outsourcing vs in-house trade-offs, and post-service value realization. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering and Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down and Bottom-up Process


In the Top-down approach, we disaggregate the global IT Services revenues to estimate the Cloud Access Security Brokers segment, guided by enterprise spending, outsourcing penetration, and service intensity ratios. In the Bottom-up approach, we aggregate project-level, contract-level, and client-spending data at the country and industry levels to construct detailed adoption models. By reconciling both methods, we ensure forecast accuracy and statistical robustness.


We evaluate the service value chain, covering Raw Material Suppliers (Microsoft, Amazon Web Services), Manufacturing & Assembly (Symantec Corporation, McAfee LLC), and Distributor & Supplier. Our parallel substitute analysis examines alternative models such as Secure Web Gateways, Data Loss Prevention tools, and Firewall as a Service, highlighting diversification opportunities and competitive risks.


Company Market Share and Benchmarking


We benchmark leading service providers such as McAfee LLC, Netskope Inc, and Microsoft Corporation, evaluating their strengths in workforce capacity, global delivery centers, client engagement models, pricing competitiveness, and digital transformation capabilities. By analyzing company revenues, service portfolios, and client contracts, we derive comparative market shares, competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, contract analysis, and company benchmarking, supported by our proprietary Directional Superposition methodology, ensures us precise forecasts and actionable strategic insights into the Cloud Access Security Brokers market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

rm

Cloud Access Security Brokers Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 10.3 billion
Revenue Forecast in 2034USD 58.1 billion
Growth RateCAGR of 21.2% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 20248.5 billion
Growth OpportunityUSD 49.6 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 20248.5 billion USD
Market Size 202715.1 billion USD
Market Size 202922.2 billion USD
Market Size 203026.9 billion USD
Market Size 203458.1 billion USD
Market Size 203570.5 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredSolution Type, Service Model, Industry Vertical, Organization Size
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledMcAfee LLC, Netskope Inc, Microsoft Corporation, CipherCloud Inc, Bitglass Inc, Proofpoint Inc, Symantec Corporation, Forcepoint LLC, Cisco Systems Inc, Oracle Corporation, Palerra Inc and Protegrity USA Inc
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

Explore Report Features and Data Packages

Industry Insight Report

$ 4200
Unlock Multi-User Access for just $999 more
i
No Payment Before Report Delivery
Flexible Payment Options
Additional Features
Customization Available
i
Excel Data Pack Included
Free Analyst Support
i
Industry Expert-Validated Insights
100% Confidentiality Guaranteed
Fast Delivery (24–72 hours)
i
Get Report Now

Strategic Growth Advisory

Unrivaled Custom Market Intelligence & Strategic Advisory for Business Growth and Competitive Excellence

  • Assess and prioritize high-value markets with precision
  • Craft tailored entry and expansion roadmaps
  • De-risk investments through rigorous market intelligence
  • Architect dynamic pricing frameworks aligned to value creation
  • Unlock sustainable margin enhancement opportunities
  • Benchmark performance against global industry leaders
  • Strategically realign portfolios to future growth drivers
  • Accelerate commercialization of breakthrough offerings
  • Harness market foresight and technology shifts to fuel innovation

Discover our Strategic Growth Advisory Services »

Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Cloud Access Security Brokers Market Size, Opportunities & Strategic Insights, by Solution Type

4.1On-Premises
4.2Cloud-Based
Chapter 5

Cloud Access Security Brokers Market Size, Opportunities & Strategic Insights, by Service Model

5.1SaaS
5.2IaaS
5.3PaaS
Chapter 6

Cloud Access Security Brokers Market Size, Opportunities & Strategic Insights, by Industry Vertical

6.1Telecommunications
6.2Banking
6.3Finance & Insurance
6.4Healthcare
6.5Manufacturing
Chapter 7

Cloud Access Security Brokers Market Size, Opportunities & Strategic Insights, by Organization Size

7.1Small & Medium Enterprises (SMEs)
7.2Large Enterprises
Chapter 8

Cloud Access Security Brokers Market, by Region

8.1North America Cloud Access Security Brokers Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Cloud Access Security Brokers Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Cloud Access Security Brokers Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Cloud Access Security Brokers Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Cloud Access Security Brokers Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Cloud Access Security Brokers Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1McAfee LLC
9.2.2Netskope Inc
9.2.3Microsoft Corporation
9.2.4CipherCloud Inc
9.2.5Bitglass Inc
9.2.6Proofpoint Inc
9.2.7Symantec Corporation
9.2.8Forcepoint LLC
9.2.9Cisco Systems Inc
9.2.10Oracle Corporation
9.2.11Palerra Inc
9.2.12Protegrity USA Inc