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Growing Concerns among Enterprises over Privacy and Security of Sensitive Data to Boost Adoption of CASBs

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Published on : Oct 07, 2016

Cloud access security brokers (CASBs) can be defined as on-premise or cloud-based security platforms that act as enforcement points for security policies, placed between operators and clients in order to maintain constant security, compliance, and visibility in cloud services. These platforms compromise a number of security operations, such as authorization, authentication, device profiling, encryption, credential mapping, malware detection and alerting, and prevention from security threats.

The global market for CASBs is witnessing a significant rise in its valuation and the trend is likely to continue in the coming years. The growing concerns among enterprises over the privacy and security of sensitive data, triggered by the increased attempts of security breaches, has boosted the need for cloud security solutions, globally, leading to a tremendous growth in the overall market.

North America to Retain Dominance in Global CASBs Market
Europe, Latin America, North America, Asia Pacific, and the Middle East and Africa are the main regional markets for CASBs across the world. Among these, North America has emerged as the key contributor to the overall market. In 2015, the region accounted for a share of 30% in the global market in terms of revenue.

Analysts expect the market to remain expanding significantly in the coming years. The growing adoption of cloud-based services in the region, especially in the U.S and Canada, is likely to fuel the demand for CASBs in North America. The increasing concerns over cloud security are also projected to boost this regional market in the coming years.

Global CASBs Market - Key Players
At the forefront of the global CASBs market are Protegrity USA Inc., Bitglass Inc., CipherCloud Inc., Zscaler Inc., Adallom Inc., Skyhigh Networks, CloudLock Inc., and NetSkope Inc. The market is moderately consolidated with a high degree of competition between the leading participants.