A Cloud Access Security Broker (CASB) enforces an organization’s security standards for cloud application access and usage by serving as an intermediary between cloud providers and cloud customers. Moreover, CASBs have become a vital part of enterprise security, allowing businesses to safely use the cloud while protecting sensitive corporate data.
The rise in demand for work-from-home and remote working policies during the period of the COVID-19 pandemic aided in propelling the demand for cloud and security solutions, hence empowering the growth of the cloud access security broker industry. However, higher installation costs and maintenance challenges of cloud access security broker platforms can hamper the cloud access security broker market forecast. On the contrary, the integration of advanced technologies such as machine learning and data analytics with cloud access security broker solutions suites is expected to offer remunerative opportunities for the expansion of the cloud access security broker industry during the forecast period.
The cloud access security broker market is segmented on the basis of component, enterprise size, application area, industry vertical, and region. On the basis of components, the industry is divided into solutions and services. Based on enterprise size, the market is bifurcated into large enterprises and SMEs. Depending on application area, the market is classified into governance, risk, and compliance, data security, application security, and others. The industry vertical covered in the study include IT and telecom, BFSI, healthcare, government and public sector, retail, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global cloud access security broker market is dominated by key players such as Broadcom Inc., Cisco Systems, Inc., iboss Cybersecurity, Lookout, Microsoft Corporation, Netskope, Palo Alto Networks Inc, Proofpoint Inc, Skyhigh Networks, and Zscaler, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
-The study provides an in-depth analysis of the global cloud access security broker market forecast along with the current & future trends to explain the imminent investment pockets.
-Information about key drivers, restraints, & opportunities and their impact analysis on global cloud access security broker market trends is provided in the report.
-Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
-The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.

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KEY MARKET SEGMENTS
By Component
- Solution
- Services
By Enterprise Size
- Large Enterprise
- SMEs
By Application Areas
- Governance, Risk, and Compliance
- Data Security
- Application Security
- Others
By Industry Vertical
- IT and Telecom
- BFSI
- Healthcare
- Government and Public Sector
- Retail
- Others

By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Netskope
- Skyhigh Networks
- Zscaler, Inc.
- Cisco Systems, Inc.
- Palo Alto Networks Inc
- Microsoft Corporation
- Lookout
- Proofpoint Inc
- Broadcom Inc.
- iboss Cybersecurity