Cloud Infrastructure Entitlement Management (CIEM) Market Demand: 2024, Industry Size, Business Segments, and Innovative Strategies by 2032

Introduction -

Cloud Infrastructure Entitlement Management (CIEM) has emerged as a critical component of cybersecurity and governance within cloud environments, addressing the complexities of managing access rights and permissions across hybrid and multi-cloud infrastructures. This overview explores key points, trends, and recent industry developments in the CIEM market.

Market Size and Growth -

The Cloud Infrastructure Entitlement Management (CIEM) Market is Valued USD 1.6 billion by 2024 and projected to reach USD 37.8 billion by 2030, growing at a CAGR of CAGR of 42.10% During the Forecast period of 2024-2032.

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Important Features that are under Offering Cloud Infrastructure Entitlement Management (CIEM) Market Highlights of the Reports:

⋆ Detailed Overview of this Market
⋆ Changes in industry market dynamics
⋆ Detailed market segmentation by type, application, etc.
⋆ The historical, current, and projected market size in terms of quantity and value
⋆ Recent industry trends and developments
⋆ Competition situation of this market
⋆ Key companies and product strategies
⋆ Potential niche segment/region showing promising growth.

The list of Key Players Profiled in the study includes:-

Authomize, BeyondTrust, Britive, Check Point, CrowdStrike, CyberArk, Ermetic, IBM, Microsoft, One Identity, Orca Security, Palo Alto Networks, Radware, Rapid7, SailPoint, Saviynt, SecurEnds, Senhasegura and Others.

The detailed segments and sub-segment of the market are explained below:

By Component
• Software
• Services

By Deployment Mode
• On-Premise
• Cloud
• Hybrid

By Organization Size
• Large Enterprises
• SMEs

By End-use Industry
• BFSI
• Healthcare & Life sciences
• Retail & E-commerce
• Manufacturing
• Government & Public Sector
• Energy & Utilities
• IT & Telecommunications
• Others

Regions Covered in Market Report:

• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, Italy)
• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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The following are the study objectives for this report:

◘ SWOT Analysis focuses on worldwide main manufacturers to define, assess, and analyze market competition. By kind, application, and region, the market is defined, described, and forecasted.
◘ Examine the global and main regional market potential and advantage, opportunity and challenge, constraints and risks.
◘ Determine whether trends and factors are driving or limiting market growth.
◘ By identifying high-growth categories, stakeholders would be able to analyze market potential.
◘ Conduct a strategic study of each submarket's growth trends and market contribution.
◘ Expansions, agreements, new product launches, and acquisitions in the market are all examples of competitive developments.
◘ To create a strategic profile of the main players and analyze their growth plans in depth.

✦ Key Points -

1. Market Growth and Adoption: The CIEM market is experiencing rapid growth driven by the increasing adoption of cloud services across industries. As organizations migrate sensitive data and applications to the cloud, the need for robust identity and access management (IAM) solutions, including CIEM, becomes paramount.

2. Core Functionality: Key functionalities of CIEM include automated discovery of cloud resources, continuous monitoring of access permissions, enforcement of policies for access control, and detection of anomalous behavior indicative of potential security threats.

3. Integration with IAM and Cloud Security: CIEM solutions integrate closely with IAM platforms and other cloud security tools to provide a comprehensive security posture. This integration ensures consistent policy enforcement and visibility across all cloud environments.

✦ Key Trends -

1. Hybrid and Multi-Cloud Environments: As organizations adopt hybrid and multi-cloud strategies, CIEM solutions are evolving to support these complex environments. They provide unified visibility and control over entitlements across disparate cloud platforms and on-premises systems.

2. Zero Trust Security: The adoption of Zero Trust frameworks is influencing CIEM solutions, emphasizing the principle of verifying every request as though it originates from an open network. CIEM helps enforce Zero Trust principles by continuously validating access requests against defined policies.

3. Automation and AI/ML Integration: Automation capabilities powered by artificial intelligence (AI) and machine learning (ML) are enhancing CIEM functionalities. These technologies enable predictive analytics for identifying access anomalies and automating remediation actions in real-time.

4. Compliance and Regulatory Requirements: With stringent data privacy regulations such as GDPR and CCPA, CIEM solutions assist organizations in maintaining compliance by providing audit trails, access reports, and automated policy enforcement mechanisms.

5. Shift towards Identity-Centric Security: CIEM is part of a broader trend towards identity-centric security strategies, focusing on securing identities and their access to resources rather than relying solely on perimeter defenses.

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✦ Recent Industry News -

1. Funding and Acquisitions: Recent funding rounds and acquisitions in the CIEM space indicate growing investor interest and consolidation. For example, Saviynt secured significant funding to expand its CIEM capabilities and global market reach.

2. Partnership and Integration: CIEM vendors are forming strategic partnerships with cloud providers and other cybersecurity firms to enhance interoperability and broaden their solution capabilities. These collaborations aim to deliver seamless integration and improved security outcomes for customers.

3. Product Innovations: Continuous product innovations in CIEM include advanced analytics for access governance, real-time threat detection, and enhanced support for DevOps environments. These innovations cater to the evolving needs of organizations managing dynamic cloud infrastructures.

4. Industry Recognition and Standards: Industry associations and standards bodies are increasingly recognizing the importance of CIEM in cloud security. Efforts to establish CIEM frameworks and best practices aim to standardize implementation and improve cybersecurity resilience across sectors.

5. Market Expansion and Customer Adoption: The CIEM market is expanding globally as organizations across various industries prioritize cloud security. Increased customer adoption is driven by the need for scalable, efficient, and compliant solutions to manage cloud entitlements effectively.

Table of Content (TOC):

Chapter 1: Introduction and Overview

Chapter 2: Industry Cost Structure and Economic Impact

Chapter 3: Rising Trends and New Technologies with Major Key Players

Chapter 4: Global Cloud Infrastructure Entitlement Management (CIEM) Market Analysis, Trends, Growth Factor

Chapter 5: Cloud Infrastructure Entitlement Management (CIEM) Market Application and Business with Potential Analysis

Chapter 6: Global Market Segment, Type, Application

Chapter 7: Global Cloud Infrastructure Entitlement Management (CIEM) Market Analysis (by Application, Type, End User)

Chapter 8: Major Key Vendors Analysis of Cloud Infrastructure Entitlement Management (CIEM) Market

Chapter 9: Development Trend of Analysis

Chapter 10: Conclusion

https://www.globenewswire.com/en/news-release/2023/12/19/2798743/0/en/Cloud-Infrastructure-Entitlement-Management-CIEM-Market-projected-to-reach-USD-22-5-Billion-by-2030-growing-at-a-CAGR-of-40-3-during-the-forecast-period-of-2023-2030-a-comprehensiv.html

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