The Cloud Access Security Broker Market size was USD 8.13 billion in 2023 and is expected to reach USD 35.78 billion by 2032 and grow at a CAGR of 17.9% over the forecast period of 2024-2032.
The Cloud Access Security Broker (CASB) Market is pivotal for enterprises adopting cloud services while ensuring robust security and compliance. CASB solutions act as intermediaries between cloud service providers and users, offering visibility, control, and protection for sensitive data and applications in the cloud.
Key features include data encryption, access control, threat detection, and compliance management, helping businesses address security concerns in multi-cloud environments. Industries like finance, healthcare, and government are increasingly leveraging CASB tools to secure their operations amidst escalating cybersecurity threats.
The market's growth is fueled by regulatory requirements, rising cloud adoption, and the proliferation of remote work. AI-powered CASB solutions and integration with other security frameworks like Zero Trust are expected to dominate the market, enabling seamless and secure cloud operations.
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