Global Cloud Infrastructure Entitlement Management (CIEM) Market Overview 2033 : Forecasted Market Size And Growth Rate

"The Business Research Company recently released a comprehensive report on the Global Cloud Infrastructure Entitlement Management (CIEM) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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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Market Drivers and Trends:

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.

Technological advancements are the key trend gaining popularity in the cloud infrastructure entitlement management (CIEM) market. Major companies operating in the cloud infrastructure entitlement management (CIEM) market are focused on adopting new technological solutions to sustain their position in the market. For instance, in September 2022, CrowdStrike, a US-based software company, introduced the Cloud Native Application Protection Platform (CNAPP) with new cloud infrastructure entitlement management features. CIEM enables organizations to stop identity-based threats from improperly configured cloud entitlements across cloud service providers. The one-click remedial testing capability stands out among the new CIEM features for CrowdStrike Cloud Security. One-click remediation testing is an excellent solution to help SOC (security operations center) analysts identify identity-based threats rapidly and take corrective action for a quicker, more efficient response. CrowdStrike can prevent identity-based risks from wrongly configured cloud entitlements by extending its CNAPP capabilities to CIEM.

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Major Key Players of the Market:

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.

Cloud Infrastructure Entitlement Management (CIEM) Market 2024 Key Insights:

• 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 Role Of Cloud Computing In Ciem Market Expansion
• Cloud Infrastructure Entitlement Management Market Embraces Technological Advancements
• North America was the largest region in the cloud infrastructure entitlement management (CIEM) market in 2023

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