Skyhigh was first to market five years ago with a solution built from the ground up to secure corporate data in cloud services. But it was Gartner, in a report published several months later, that coined the term “cloud access security broker” or CASB. Since then, Gartner has dubbed CASB “the fastest growing security category ever.” Recognizing the powerful market forces driving enterprises to adopt cloud services, and the need to secure corporate data in the cloud, Gartner is publishing the first Magic Quadrant report evaluating CASB vendors.

Cloud access security brokers have become an essential element of any cloud security strategy, helping organizations govern the use of cloud and protect sensitive data in the cloud.

Gartner, Magic Quadrant for Cloud Access Security Brokers, November 30, 2017, Steve Riley, Craig Lawson

The CASB market is maturing rapidly and this marks one of the shortest time periods from market inception to the first Gartner report evaluating vendors in a category. In its first-ever Magic Quadrant for Cloud Access Security Brokers, Gartner evaluated eleven vendors that met its inclusion criteria. Skyhigh is recognized as a Leader in the report and we’re proud to be placed highest on the ability to execute axis among vendors that were evaluated. To learn more about how Gartner assessed the market and Skyhigh, download your copy of the report here.

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Gartner CASB Magic Quadrant

The Magic Quadrant process from a vendor’s perspective

Gartner employs a highly rigorous process to compile its Magic Quadrant reports. From the vendor’s perspective, the process started in April when Gartner sent a welcome packet to CASB vendors that detailed the report’s inclusion criteria and the deliverables vendors had to submit to Gartner along with a timeline for submissions. Along with other vendors, Skyhigh submitted materials to Gartner in May. Gartner relied on numerous inputs to compile the report, including these materials from vendors to understand their product offerings:

  1. Questionnaire – A 242-point questionnaire resulting in hundreds of pages of responses
  2. Financials – Detailed company financial data covering CASB revenue
  3. Documentation – Access to all product documentation
  4. Customer references – Access to a list of current customers for reference calls
  5. Demo – Covering 65 Gartner-defined use cases to validate product capabilities

In early October, Gartner sent vendors courtesy copies of the report. Any Magic Quadrant report is a monumental undertaking for Gartner to compile, and one would assume the first report in a new category is especially daunting. The amount of materials submitted by each vendor requiring careful review, and the additional work analysts do to understand the market by speaking with customers, makes this report a significant achievement in a five-month time span. Supplementing the Magic Quadrant report is Gartner’s Peer Insights platform, where any IT practitioner can write reviews of software they use as well as read others’ reviews.

Platforms from leading CASB vendors were born in the cloud, designed for the cloud, and have a deeper understanding of users, devices, applications, transactions and sensitive data than CASB functions that are designed as extensions of traditional network security and SWG security technologies.

Gartner, Magic Quadrant for Cloud Access Security Brokers, November 30, 2017, Steve Riley, Craig Lawson

On Peer Insights, Skyhigh is rated by more IT professionals than any other CASB provider by a factor of 3x as of December 14, 2017. To view CASB reviews on the Peer Insights platform, click here.

Peer Insights for Cloud Access Security Brokers as of December 14, 2017

What this means for the CASB market

Enterprise IT is in the midst of a secular shift from on-premises applications running in company datacenters to on-demand computing and applications delivered via the cloud. Over the coming decade, cloud is expected to consume a larger portion of enterprise IT budgets, with cloud spending growing eight-fold from $100 billion to $800 billion by 2027. Security must follow the data to where it increasingly lives – cloud applications and infrastructure platforms. This puts the cloud access security broker category at an inflection point.

The enterprise software upgrade cycle will shift to cloud over time. Enterprise security teams will need CASB-like features to deal with the security implications of that evolution.

Gartner, Magic Quadrant for Cloud Access Security Brokers, November 30, 2017, Steve Riley, Craig Lawson

New technologies are characterized by a generally observed adoption lifecycle that starts with “innovator” and “early adopter” customers that are at the bleeding edge of technology. These are the type of buyers who lined up for the first iPhone and they represent about 16% of any technology market. Next, a larger market segment called the “early majority” begins to adopt the technology, but before they do this the technology must cross what Geoffrey Moore calls “the chasm.” The early majority, which represents 34% of a technology market, prefers to wait until a clear market leader is established and follows what their peers are successfully using.

Today, the CASB market is crossing the chasm from early adopters to the early majority and Gartner’s report is set to accelerate adoption by this new segment of buyers. The report not only signals that CASB is the definitive technology for securing corporate data in cloud services, it also helps establish which vendors are emerging as clear market leaders. With the CASB market taking off, more security companies will attempt to adapt their legacy technology to claim CASB-like functionality but they aren’t focused on cloud security. The CASB market will belong to security technologies born in the cloud that solve problems unique to the cloud.

What this means for Skyhigh

Skyhigh pioneered the CASB category and we continue to lead the market with new innovations that tackle the biggest cloud security challenges. We are incredibly proud to be placed highest on the ability to execute axis in Gartner’s report, but the best recognition comes from our customers. We’re privileged to work with 30% of the Fortune 100 in their journey to leverage the power of the cloud to accelerate their businesses – companies like Aetna, AstraZeneca, Comcast, DIRECTV, Honeywell, and Western Union. And we’re committed to solving our customers’ toughest challenges as they look to the cloud to transform everything they do.

 

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.