Cloud Infrastructure Entitlement Management (CIEM) Global Market Worth $8.61 Billion at a CAGR of 38.8% By 2028

Overview and Scope
Cloud infrastructure entitlement management (CIEM) refers to the specialized security solution designed to address the challenges of managing and securing access to cloud resources and services within a cloud computing environment. Cloud infrastructure entitlement management aims to identify and reduce risks brought on by excessive permissions and comprehend and manage access entitlements across cloud and multi-cloud systems.

Sizing and Forecast
The cloud infrastructure entitlement management (ciem) market size has grown exponentially in recent years. It will grow from $1.67 billion in 2023 to $2.32 billion in 2024 at a compound annual growth rate (CAGR) of 38.6%.  The growth in the historic period can be attributed to increased adoption of cloud computing, rising cybersecurity concerns, growth in remote work trends, expanding digital transformation initiatives, rising data breaches.

The cloud infrastructure entitlement management (ciem) market size is expected to see exponential growth in the next few years. It will grow to $8.61 billion in 2028 at a compound annual growth rate (CAGR) of 38.8%.  The growth in the forecast period can be attributed to accelerated cloud migration, heightened focus on cybersecurity in cloud environments, increased complexity of cloud infrastructure, rising demand for hybrid and multi-cloud solutions, growing emphasis on zero-trust security models. Major trends in the forecast period include increased adoption of identity-as-a-service (idaas) solutions, integration of artificial intelligence (ai) in ciem, emphasis on continuous monitoring and detection, evolving role of ciem in devsecops practices, rising demand for automated entitlement management solutions.

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Segmentation & Regional Insights
The cloud infrastructure entitlement management (ciem) market covered in this report is segmented –
1) By Offering: Solution, Services
2) By Deployment Mode: On-Premises, Cloud, Hybrid
3) By Organization Size: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By Application: Banking, Financial Services, And Insurance (BFSI), Healthcare And Lifesciences, Retail And E-Commerce, Manufacturing, Government And Public Sector, Energy And Utilities, Information Technology (IT) And Telecommunications, Other Applications

North America was the largest region in the cloud infrastructure entitlement management (CIEM) market in 2023. The regions covered in the cloud infrastructure entitlement management (ciem) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The growing adoption of cloud computing is expected to propel the growth of the cloud infrastructure entitlement management (CIEM) market going forward. Cloud computing refers to providing computer services over the Internet, including servers, storage, databases, networking, software, analytics, and intelligence. Cloud computing plays a crucial role in cloud infrastructure entitlement management by providing the tools and platforms needed to effectively manage user identities, access controls, and permissions in cloud-based environments. For instance, in December 2021, according to Eurostat, a Luxembourg-based intergovernmental organization, 41% of EU enterprises used cloud computing in 2021, primarily for hosting their e-mail systems and storing files in electronic form, an increase of 5 percentage points compared to 2020. In the EU, large businesses adopted cloud computing at a rate of 72% in 2021, an increase of 7 percentage points from 2020. Compared to 46% in 2020, 53% of medium-sized businesses adopted cloud computing in 2021. Cloud computing usage in small businesses rose by 5 percentage points to 38%. Therefore, the growing adoption of cloud computing is driving the growth of the cloud infrastructure entitlement management (CIEM) market.

Key Industry Players
Major companies operating in the cloud infrastructure entitlement management (ciem)  market report are Microsoft Corporation, Amazon Web Services, International Business Machines (IBM) Corporation, Oracle Corporation, Google Cloud Platform, Palo Alto Networks, Check Point Software Technologies, CrowdStrike Holdings Inc., Okta Inc., Zscaler, CyberArk, SailPoint Technologies Inc., Radware Inc., BeyondTrust, Thycotic Software Ltd., One Identity LLC, SecurEnds, Orca Security, Ermetic, Britive, NextLabs Inc., Authomize, Senhasegura, Saviynt, Sysdig Inc., Sonrai Security Inc.

The cloud infrastructure entitlement management (ciem) market report table of contents includes:
1. Executive Summary

2. Cloud Infrastructure Entitlement Management (CIEM) Market Characteristics

3. Cloud Infrastructure Entitlement Management (CIEM) Market Trends And Strategies

4. Cloud Infrastructure Entitlement Management (CIEM) Market - Macro Economic Scenario

5. Global Cloud Infrastructure Entitlement Management (CIEM) Market Size and Growth

.....

32. Global Cloud Infrastructure Entitlement Management (CIEM) Market Competitive Benchmarking

33. Global Cloud Infrastructure Entitlement Management (CIEM) Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Cloud Infrastructure Entitlement Management (CIEM) Market

35. Cloud Infrastructure Entitlement Management (CIEM) Market Future Outlook and Potential Analysis

36. Appendix

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