Cloud access security brokers (CASB) are cloud security solution platforms deployed to protect organizations' critical and sensitive data. With technological advancements and lack of storage infrastructure by SMBs, most information is stored in cloud silos. Owing to the rising threat of security breaches and data leakage, CASB services are gaining vital significance in the cloud security domain. The solutions encompassed under CASB include control & monitoring, risk & compliance management, cloud data encryption, data leakage prevention, and tokenization. The aforementioned solutions have led the CASB market to grow substantially well and attain significant market position. The CASB market is expected to advance at a CAGR of 16.7% from 2016 to 2024 evaluating at a market size of US$ 13,218.5 Mn in 2024, from US$ 3,371.4 Mn in 2015.