Cloud Security

Cloud access security broker market poised to grow $8.2 billion through 2026

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A security logo is shown on screen during a keynote address. (Photo by Ethan Miller/Getty Images) on Friday released a report that said the cloud access security broker (CASB) market will grow by $8.2 billion from 2022-2026, accelerating at a combined annual growth rate of 15.46% over the forecast period.

The CASB study points to the customization of cloud features as one of the prime reason driving CASB market growth in the years ahead. The researchers also say the growth of the public cloud and the increased use of advanced technologies will create sizable demand for CASB services.

Many organizations have turned to CASB to gain deeper visibility into the interactions between cloud service users and the applications they access, said Stephen Banda, senior manager, security solutions at Lookout.

“CASB performs some cloud security posture management, which assesses the risk of cloud infrastructure identifying vulnerabilities and misconfigurations that hackers can exploit,” said Banda. "With strong user behavior analytics, data loss prevention, and data encryption, a strong CASB solution can detect intentional and unintentional data leakage, encrypt downloaded data and detect malware in files.” 

Today, traditional CASB policy enforcement points placed between cloud service consumers and providers are often hardcoded, and limited in terms of granularity to effectively interject data access security controls that work, said Corey O’Connor, director of product marketing at DoControl.

“Security vendors need to provide the granularity and flexibility that modern enterprises require to enforce policy that meets their security program requirements,” O’Connor said. “The challenge that faces every modern business is the simple fact that they have more data and more places to steal it from. Security solutions need to scale in-line with business enablement, otherwise technical debt becomes introduced and business acceleration and growth become dramatically hindered.”

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