Cloud Access Security Broker (CASB) Statistics, Trends And Facts 2023

As more and more businesses move their operations to the cloud, the need for security measures to protect sensitive data is becoming increasingly important.

One such security measure is the Cloud Access Security Broker (CASB), which is designed to monitor and manage the use of cloud services in an organization.

In this blog post, we’ll take a look at statistics related to CASBs, including their adoption rates, features, and benefits.

CASB Statistics

1. The global CASB market is expected to reach $13.5 billion by 2025, with a CAGR of 14.2% from 2020 to 2025.
2. Cloud storage and collaboration apps account for 90% of all cloud-based cyber-attacks.
3. 61% of organizations report at least one cloud data breach in the last year.
4. The average cost of a data breach in 2021 was $4.24 million.
5. 68% of IT leaders have expressed concerns over the security of cloud applications.
6. 80% of businesses will adopt a CASB solution by 2023, up from 20% in 2018.
7. 72% of organizations have increased their cloud security budget over the past year.
8. CASB solutions can reduce the risk of data breaches by up to 98%.
9. The global cloud security market is expected to reach $12.7 billion by 2024.

CASB Facts

1. CASBs can provide visibility into all cloud usage, enabling organizations to identify high-risk activities and enforce security policies.
2. CASBs offer various deployment models, including proxy-based, API-based, and hybrid.
3. CASBs can provide data protection, threat protection, identity and access management, and compliance capabilities for cloud applications.
4. CASBs can enforce data loss prevention policies, preventing the unauthorized transmission of sensitive data outside the organization.
5. CASBs can enable secure collaboration, allowing employees to share data with external partners and customers while maintaining control and visibility.
6. CASBs can provide encryption and tokenization capabilities to protect sensitive data stored in the cloud.
7. CASBs can offer real-time monitoring and remediation of cloud-based security incidents.

CASB Benefits

1. CASBs can help organizations reduce the risk of data breaches, enabling them to protect sensitive data in the cloud.
2. CASBs can provide centralized security management, simplifying security operations and reducing the complexity of managing multiple cloud environments.
3. CASBs can ensure compliance with regulatory requirements, providing organizations with visibility into cloud usage and enforcing security policies.
4. CASBs can improve visibility into cloud usage, enabling organizations to identify shadow IT and high-risk activities.
5. CASBs can provide secure access to cloud applications, enabling organizations to enforce strong authentication and access control policies.
6. CASBs can enable secure collaboration with external partners, customers, and suppliers, while maintaining control and visibility over data sharing.
7. CASBs can provide real-time monitoring and remediation of cloud-based security incidents, enabling organizations to respond quickly to threats and reduce the impact of security incidents.

CASB Trends

1. The adoption of cloud-based applications and services continues to grow, with more organizations shifting their workloads to the cloud.
2. The COVID-19 pandemic has accelerated cloud adoption, with more organizations adopting cloud-based collaboration and communication tools to enable remote work.
3. CASBs are becoming increasingly popular, as organizations seek to secure their data in the cloud and ensure compliance with regulatory requirements.
4. The market for CASBs is evolving rapidly, with vendors offering a range of deployment models and capabilities to meet the needs of different organizations.

Table 1: Application Portfolio Management Market Statistics

Statistics	Values
Market size forecast (million USD) in 2026	Not provided
CAGR forecast	Not provided

Table 2: Application Portfolio Management Latest Statistics

Statistics	Values
Global COVID-19 Coronavirus Cases	Exceeded 200 million
World Bank’s prediction for global economic growth in 2021	4%
World Bank’s prediction for global economic growth in 2023	3.8%
Global GDP shrinkage in 2020 due to COVID-19 pandemic	3.5%
Percentage of IT budget spent on ongoing operations and maintenance	80%
Percentage of IT budget used for future business needs	20%
Percentage of shadow IT tracked to ensure compliance	100%
Percentage of applications that have undergone IT architecture review	80%
Percentage of Ardoq users who start with APM as a cornerstone to all change processes	Over 70%
Potential stock market impact of Ukraine scenario as predicted by an article	10% drop
Percentage of volume reached in a certain timeframe	75%
Expected return of a portfolio with four equally weighted assets	Not provided
Method to reduce volatility of a US Treasury portfolio	Putting 10% in small cap value index fund or ETF
Expected return and standard deviation of Portfolio A	8.5% and 8%, respectively
Expected return and standard deviation of Portfolio B	8.5% and 9.5%, respectively
Potential savings on a per application basis depending on cloud pathway	28-96%
Evaluation of three portfolio managers’ 10-year results	Provided in the table below
Manager statistics for Treynor and Sharpe ratio calculations	Provided in the table below

Table 3: Evaluation of Three Portfolio Managers’ 10-Year Results

Manager	Average Annual Return	Beta
A	10%	0.90
B	14%	1.03
C	15%	1.20

Table 4: Manager Statistics for Treynor and Sharpe Ratio Calculations

Manager	Annual Return	Portfolio Standard Deviation	Alpha
X	14%	0.11	Not provided
D	11%	0.90	11%

Cloud Access Security Broker (CASB) Adoption Rates

According to recent studies, CASBs are seeing a rapid increase in adoption rates, as more businesses look to protect their cloud environments. Here are some key statistics:

1. The global CASB market is expected to reach $13.5 billion by 2026, growing at a CAGR of 16.4% from 2021 to 2026.
2. 85% of enterprise data will be stored in the cloud by 2025.
3. The adoption of CASBs is expected to increase to 85% by 2022, up from 20% in 2018.
4. 70% of organizations will use a CASB by 2022, up from less than 5% in 2015.

CASB Features and Capabilities

CASBs offer a wide range of features and capabilities that make them an attractive option for businesses looking to secure their cloud environments. Here are some key statistics related to CASB features:

5. The top five CASB features include visibility, data security, compliance, threat protection, and access control.
6. 60% of CASBs offer DLP (data loss prevention) functionality, while 57% offer encryption capabilities.
7. 61% of organizations use CASBs for visibility and control of cloud services, while 54% use them for data loss prevention.

CASB Deployment Trends

CASBs can be deployed in a variety of ways, including as a cloud service, as an on-premises appliance, or as a hybrid solution. Here are some statistics related to CASB deployment trends:

8. 73% of CASBs are deployed as a cloud service, while 22% are deployed as on-premises appliances.
9. Hybrid CASB solutions, which combine both cloud and on-premises deployment, are becoming more popular, with 5% of organizations currently using a hybrid solution.

CASB Benefits and Challenges

While CASBs offer a number of benefits, such as increased visibility and control over cloud services, there are also challenges associated with their implementation. Here are some key statistics related to CASB benefits and challenges:

10. 72% of organizations report that CASBs have helped them to gain visibility and control over cloud services.
11. 56% of organizations report that CASBs have helped them to prevent data leakage.
12. The top three challenges associated with CASB implementation are complexity, cost, and lack of resources.

Industry-Specific CASB Statistics

Finally, let’s take a look at some industry-specific CASB statistics:

13. The healthcare industry has the highest CASB adoption rate, at 32%, followed by the financial services industry, at 29%.
14. The manufacturing industry has the lowest CASB adoption rate, at just 11%.
15. The top three cloud services used by healthcare organizations are Microsoft Office 365, Salesforce, and Box.

Conclusion:

CASBs are becoming an increasingly important security measure for businesses looking to protect their cloud environments. With adoption rates on the rise and a wide range of features and capabilities available, it’s clear that CASBs are here to stay. However, there are also challenges associated with their implementation, such as complexity and cost.