Cloud Infrastructure Entitlement Management (CIEM) Market Size, By Offering (Solution, Services), By Deployment Model (On-premises, Cloud, Hybrid), By Organization Size (Large Enterprises, SMEs), By Application, Regional Outlook & Forecast, 2023 - 2032
Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCloud Infrastructure Entitlement Management (CIEM) Market Size, By Offering (Solution, Services), By Deployment Model (On-premises, Cloud, Hybrid), By Organization Size (Large Enterprises, SMEs), By Application, Regional Outlook & Forecast, 2023 - 2032
Cloud Infrastructure Entitlement Management Market Size
Cloud Infrastructure Entitlement Management Market size was valued at USD 1.5 billion in 2022 and is anticipated to grow at a CAGR of 34% between 2023 and 2032. The rapid adoption of cloud services by organizations of all sizes has led to the need for effective management of cloud infrastructure entitlements. As more businesses migrate their applications, data, and workloads to the cloud, the complexity of managing access and entitlements across various cloud environments becomes crucial.
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CIEM solutions offer the necessary tools and capabilities to address these challenges. With the increasing number of data breaches and privacy regulations, organizations are becoming more focused on data security and compliance. CIEM solutions help organizations enforce strong access controls, monitor user entitlements, and ensure compliance with industry regulations & data protection standards. These factors drive the demand for CIEM solutions as businesses strive to protect sensitive data and maintain regulatory compliance.
CIEM refers to the process of managing and controlling user entitlements & permissions within cloud computing environments. It involves the administration of access rights, privileges, and permissions granted to users, applications, and services that interact with cloud-based resources & services. CIEM focuses on ensuring that users have the appropriate level of access and permission to perform their tasks within the cloud infrastructure while adhering to security policies, compliance regulations, and best practices. It helps organizations establish and enforce fine-grained access controls, monitor & audit user activities, and mitigate the risk of unauthorized access & data breaches.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Cloud Infrastructure Entitlement Management Market Size in 2022 | USD 1.5 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 34.3% |
| 2032 Value Projection | USD 27.3 Billion |
| Historical Data for | 2018 - 2022 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 304 |
| Segments covered | Offering, Organization Size, Deployment Model, Application |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Upgrading your IT systems with CIEM can be a bumpy road, especially if your setup is already complicated with multiple cloud services. It's like trying to wire up a bunch of gadgets and apps that don't always play nice together. You need to plan carefully and get everyone on the same page, which can take time and slow things down. To make matters worse, many companies aren't even aware of how important CIEM is for managing who has access to all the cloud stuff they use. They might not know what CIEM does or how it can help them. This lack of knowledge can make it hard for them to see why they need to invest in CIEM or how it can benefit them.
COVID-19 Impact
The pandemic has thrown a wrench in project plans and slowed down the adoption of new technologies. Businesses have had a tough time working with suppliers, setting up equipment on-site, and coordinating their IT systems during this time. This has delayed the implementation and use of CIEM (Cloud Infrastructure Entitlement Management) solutions. The switch to remote work has also brought new challenges, like figuring out how to manage user access and permissions when everyone is working from different locations. The sudden change to working from home put a lot of stress on existing processes for managing entitlements and raised worries about data security. On the other hand, this has opened up new doors for CIEM solutions, which can help businesses address these challenges and provide secure access management for their remote teams.
Cloud Infrastructure Entitlement Management Market Trends
Cloud services are getting more popular, and with that comes a bigger focus on keeping them safe. Companies are waking up to how important it is to handle permissions and access in their cloud systems in a smart way to lower security risks. CIEM (cloud infrastructure entitlements management) solutions are becoming a must-have for cloud security. They give you fine-grained access controls, help you manage privileged access, and keep an eye on everything that's going on. Instead of just protecting the perimeter, organizations are moving towards a "Zero Trust" approach that checks every user, device, and app, even if it's coming from inside the network. CIEM solutions are key to making Zero Trust work by making sure that people only have the access they need and by watching their activities all the time.
Cloud Infrastructure Entitlement Management Market Analysis
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The solution segment held over 60% of the cloud infrastructure entitlement management market share in 2022. The solution segment encompasses a wide array of CIEM solutions provided by various vendors to cater to the diverse needs of organizations in managing entitlements and access controls in their cloud environments. The availability of different CIEM solutions gives organizations the flexibility to choose the one that best fits their specific requirements, leading to increased product adoption.
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Hey there! The banking and financial services (BFSI) industry is making a big splash in the cloud infrastructure entitlement management market. In 2022, they owned a cool 18% share, and they're expected to continue growing at a crazy 35% each year until 2032! Why the love for the cloud? Well, banks and financial institutions are ditching their old ways of doing business and embracing the cloud for more modern transactions. Cloud services mean they get a top-notch network they can always count on, and they don't have to break the bank setting up and keeping up expensive IT systems on their own turf. Plus, they save a bundle by not having to buy all that hardware upfront. Now, here's a smart movebanks are teaming up with cloud infrastructure entitlement management (CIEM) providers. These pros help banks keep a tight grip on who has access to their cloud systems and make sure they're using it the way they should be. It's like having a watchdog for your cloud security!
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North America is the dominant region in the global CIEM market with a share of over 45% in 2022. North America, particularly the U.S., is a major hub for cloud adoption and technology innovation, driving the need for robust entitlement management solutions. Organizations in the region are rapidly adopting cloud services and migrating their workloads to the cloud. This shift is driven by the scalability, flexibility, and cost-efficiency offered by cloud computing. As organizations embrace the cloud, there is a heightened need for effective management and control of user entitlements to ensure secure & compliant access to cloud resources.
Cloud Infrastructure Entitlement Management Market Share
Some of the major companies operating in the cloud infrastructure entitlement management market are
- Okta, Inc.
- CyberArk Software Ltd.
- SailPoint Technologies Holdings, Inc.
- BeyondTrust Corporation
- Thycotic
- One Identity LLC
- Centrify Corporation
- IBM Corporation
- Broadcom Inc.
- Saviynt Inc.
- Omada A/S
- Micro Focus International plc
- ForgeRock Inc.
- Keycloak (Red Hat)
- Microsoft Corporation (Azure Active Directory)
These companies focus on strategic partnerships and new component launches & commercialization for market expansion. Furthermore, they heavily invest in research to introduce innovative components and garner maximum revenue in the market.
Cloud Infrastructure Entitlement Management Industry News
- In September 2022, CrowdStrike Cloud Security launched new Cloud Native Application Protection Platform (CNAPP) capabilities including CIEM features and the integration of CrowdStrike Asset Graph. CIEM enables organizations to improve their cloud security posture by preventing identity-based threats caused by misconfigured cloud entitlements. On the other hand, Asset Graph provides detailed visibility into the cloud attack surface.
- In February 2022, Check Point Software Technologies Ltd. acquired Spectral, an Israeli startup and a key innovator in developer-first security tools designed by developers for developers. Through this acquisition, Check Point extended its cloud solution, Check Point CloudGuard, with a developer-first security platform and provided the broadest range of cloud application security use cases including Infrastructure as Code (IaC) scanning & hardcoded secrets detection.
The Cloud Infrastructure Entitlement Management (CIEM) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments
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Market, By Offering
- Solution
- Services
Market, By Deployment Model
- On-premises
- Cloud
- Hybrid
Market, By Organization Size
- Large Enterprises
- SMEs
Market, By Application
- BFSI
- Healthcare & Life sciences
- Retail & E-commerce
- Manufacturing
- Government & Public Sector
- Energy & Utilities
- IT & Telecommunications
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Latin America
- Brazil
- Mexico
- MEA
- UAE
- Saudi Arabia
- South Africa
Frequently Asked Questions (FAQ)
What is the size of the cloud infrastructure entitlement management (CIEM) market?
The market size of cloud infrastructure entitlement management was worth USD 1.5 billion in 2022 and is projected to exhibit over 34% CAGR from 2023 to 2032, driven by the rapid adoption of cloud services by organizations.
Why is the demand for CIEM solutions gaining traction?
The solution offering segment held more than 60% share of the market in 2022, attributed to the surging need for flexibility in organizations.
How big is North America cloud infrastructure entitlement management industry?
North America held more than 45% of the share market in 2022, owing to the presence of well-established technological firms across the region.
Who are the leading players operating in the cloud infrastructure entitlement management market?
Okta, Inc., CyberArk Software Ltd., SailPoint Technologies Holdings, Inc., BeyondTrust Corporation, Thycotic, One Identity LLC, Centrify Corporation, IBM Corporation, Broadcom Inc., Saviynt Inc., Omada A/S, Micro Focus International plc, ForgeRock Inc., Keycloak (Red Hat), and Microsoft Corporation (Azure Active Directory) are some of the top companies in the market.
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