Emerging Trends and Innovations for the Cloud Infrastructure Entitlement Management (CIEM) Market | projected to reach USD 22.5 Billion by 2030

According to a research report "Cloud Infrastructure Entitlement Management (CIEM) Market", by Component (Software and Services {Professional and Managed}, Deployment Mode (On-Premise, Cloud  and Hybrid), Organization Size (Large Enterprises and SMEs), End-use Industry (BFSI, Healthcare & Life sciences, Retail & E-commerce, Manufacturing, Government & Public Sector, Energy & Utilities, IT & Telecommunications and Others), & Region - Global Forecast to 2030.

Cloud Infrastructure Entitlement Management (CIEM) Market was valued USD 1.5 Billion in 2023 and projected to reach USD 22.5 Billion by 2030, growing at a CAGR of 40.3% during the forecast period of 2023-2030.

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Market Overview: The Global Cloud Infrastructure Entitlement Management (CIEM) Market is experiencing robust growth driven by the escalating demand for comprehensive security solutions in cloud environments. With organizations increasingly migrating towards cloud-based infrastructure, the need to manage and secure entitlements has become paramount. CIEM solutions, encompassing software and services, play a pivotal role in providing identity and access management across diverse industries such as IT, BFSI, healthcare, and government sectors. The market is characterized by the rising adoption of public, private, and hybrid cloud deployment models, offering flexibility to enterprises. Identity-based, role-based, and policy-based entitlements are key components ensuring a granular level of access control. North America and Europe stand as prominent regions witnessing significant CIEM adoption, while Asia Pacific shows promising growth opportunities. As cyber threats continue to evolve, the CIEM market is poised to evolve, providing organizations with the tools needed to secure their cloud infrastructure effectively.

Market Dynamics

Drivers:

• Increasing Cloud Adoption
• Growing Complexity of Cloud Environments
• Remote Work Trends

Opportunities:

• Integration with Identity and Access Management (IAM)
• Support for Emerging Cloud Technologies
• Expanding into New Verticals

North America dominates the market for Cloud Infrastructure Entitlement Management (CIEM).

In 2022, the largest market share in CIEM is attributed to North America, driven by several key factors. This region is home to economically robust countries, such as the US and Canada, boasting highly developed technological infrastructure. North America stands out as the most mature market, given the concentration of large enterprises in the region. The United States, in particular, plays a pivotal role in contributing the highest share to the CIEM market. The positive trajectory of the CIEM market in North America is evident, fueled by numerous companies and industries adopting cloud services and solutions as integral components of their business strategies. This strategic adoption aims to ensure market sustainability and enhance productivity levels. CIEM proves instrumental for enterprises in mitigating risks associated with potential attacks by malicious users and data breaches arising from excessive permissions on such infrastructure.

Top Key Players covered in the market report:

• Authomize
• BeyondTrust
• Britive
• Check Point
• CrowdStrike
• CyberArk
• Ermetic
• IBM
• Microsoft
• One Identity
• Orca Security
• Palo Alto Networks
• Radware
• Rapid7
• SailPoint
• Saviynt
• ecurEnds
• Senhasegura

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Segmentations Analysis of Cloud Infrastructure Entitlement Management (CIEM) Market: -

• By Component
• By Deployment Mode
• By Organization Size
• By End-use Industry
• By Region

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