Cloud Access Security Broker (CASB) Market Overview:
The Cloud Access Security Broker (CASB) markets was a rapidly growing segment within the broader cloud security industry. A CASB is a security solution that acts as an intermediary between an organization's on-premises infrastructure and cloud services to provide security and governance controls. It helps organizations extend their security policies and enforcement to the cloud and gain visibility into cloud usage, data, and threats.
Top 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.)
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Some key drivers behind the growth of the CASB market included:
Cloud Adoption: The increasing adoption of cloud services by businesses of all sizes drove the need for better security solutions to protect sensitive data and ensure compliance in the cloud environment.
Data Security Concerns: Data breaches and data loss incidents raised concerns about the security of data stored and processed in the cloud. CASBs addressed these concerns by providing data protection and encryption capabilities.
Compliance Requirements: Organizations faced compliance challenges when migrating to the cloud, as different cloud service providers have different security controls. CASBs helped bridge the gap and ensure compliance with industry and regional regulations.
Shadow IT Discovery: CASBs played a crucial role in identifying and controlling shadow IT, where employees used unauthorized cloud services, which could lead to security vulnerabilities.
Insider Threats: CASBs offered monitoring capabilities to detect and prevent insider threats, such as employees mishandling data or maliciously accessing sensitive information.
Mobile and Remote Workforce: The increasing trend of remote work and the use of mobile devices required enhanced security solutions, which CASBs provided by securing cloud access from any device or location.
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API Security: CASBs helped organizations secure APIs and integrations used to connect cloud applications and services.
Please note that the information provided is based on the state of the market as of September 2021, and the CASB market may have evolved further since then. For the most current information, it's recommended to refer to the latest industry reports and analyses.
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