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Exponential Growth Predicted in Cloud Infrastructure Entitlement Management (CIEM) Market: Understand Key Influences, Forecasts and Trends
"Market Research Forecasts Escalating Growth and Trends in the Global Cloud Infrastructure Entitlement Management (CIEM) MarketWhat Is The Projected Market Size Of The Global Cloud Infrastructure Entitlement Management (CIEM) Market And Its Growth Rate?
The global CIEM market is anticipated to experience immense growth in upcoming years. The key insights provided below highlight the projected market size and growth rates:
•The market witnessed growth from $2.28 billion in 2024 to $3.13 billion in 2025, indicating a CAGR of 37.3%. Factors contributing to this growth include increasing adoption of cloud computing, rising cybersecurity concerns, growth in remote work trends, expanding digital transformation initiatives, and increasing data breaches.
•An impressive growth is expected in the forecast period, with the market expanding to $12.26 billion in 2029 at a CAGR of 40.7%. This surge can be attributed to accelerated cloud migration, greater focus on cybersecurity in cloud environments, increased complexity of cloud infrastructure, rising demand for hybrid and multi-cloud solutions, and a growing emphasis on zero-trust security models.
What Is Driving The Growth In The Cloud Infrastructure Entitlement Management (CIEM) Market?
The significant growth in CIEM market can be primarily attributed to the growing adoption of cloud computing. Provision of essential computer services over the Internet, including servers, storage, databases, networking, software, analytics, and intelligence play an instrumental role in cloud infrastructure entitlement management. These services provide the tools and platforms required for effective management of user identities, access controls, and permissions within cloud-based environments. For instance, by December 2023, the Belgium-based European Commission reported that the number of businesses using cloud computing services had increased by 4.2 percentage points compared to 2021. It is this increased adoption of cloud computing that is propelling the CIEM market growth.
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Who Are the Key Players Driving Cloud Infrastructure Entitlement Management (CIEM) Market Growth?
Primary companies operating in the CIEM market include:
•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.
What Are The Key Trends In The Cloud Infrastructure Entitlement Management (CIEM) Market?
Prominent market trends predicted for the forecast period are:
• Increased adoption of identity-as-a-service (IDaaS) solutions
• Integration of artificial intelligence (AI) in CIEM
• Emphasis on continuous monitoring and detection
• Rising demand for automated entitlement management solutions
What Are The Segments Of The Global Cloud Infrastructure Entitlement Management (CIEM) Market?
CIEM market report includes the following segments:
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
Which Region Leads The Cloud Infrastructure Entitlement Management (CIEM) Market?
In 2024, North America dominated the CIEM market, with coverage spanning across Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Cloud Infrastructure Entitlement Management (CIEM) Market Global Market Report?
- Market Size Analysis: Analyze the CIEM Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the CIEM Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall CIEM Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the CIEM Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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