The Latin America, Middle East and Africa Cloud Access Security Broker Market would witness market growth of 21.8% CAGR during the forecast period (2022-2028).
A CASB solution offers visibility into Shadow IT processes, assisting in the identification of unsafe cloud applications, the prevention of harmful application usage, and the identification of users who are most at risk. One must be cautious while selecting cloud applications (sanctioned apps) and develop compliance policies and regulations in accordance with the workflow to comply with laws and regulations like HIPAA. It will provide security and compliance for any data that may be meant for the cloud. Applications that are deemed hazardous by the organizations can be labelled as "unsanctioned apps" and have access to them limited.
Numerous healthcare clients invested significantly benefited from Cloud Infrastructure Services. Healthcare firms are following suit with their extensive data collecting as there is a shift toward going digital. Together with massive quantities and the exchange of large data files, the cloud offers ease and plays a significant role in reducing costs and increasing efficiency. However, the solution's flexibility and agility are also major factors in the industry's adoption of the cloud. This wide adoption of cloud services in the healthcare industry further rises concern for the industry of data security. This arises the need for cloud access security broker market in the LAMEA region.
The Brazil market dominated the LAMEA Cloud Access Security Broker Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $295.5 million by 2028. The Argentina market is experiencing a CAGR of 22.5% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 21.5% during (2022 - 2028).
Based on Service Model, the market is segmented into Software as a Service, Infrastructure as a Service and Platform as a Service. Based on Solution, the market is segmented into Data Security, Risk & Compliance Management, Control & Monitoring Cloud Services, Threat Protection and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Healthcare, Retail & Consumer Goods, Government, Manufacturing, Education and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cloud Access Security Broker Market is Predict to reach $18 Billion by 2028, at a CAGR of 17.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Imperva, Inc., Broadcom Inc., Censornet Ltd., Forcepoint LLC, Iboss, Inc., Lookout, Inc., McAfee Corp., Microsoft Corporation, Netskope, Inc., and Proofpoint, Inc.
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