The cloud infrastructure entitlements management (CIEM) market size is expected to reach US$ 14.11 billion by 2031 from US$ 1.03 billion in 2023. The market is estimated to record a CAGR of 38.7% during 2023–2031. are likely to bring new trends to the market.
The need for cloud infrastructure entitlements management (CIEM) is being driven by the growing necessity for enterprises to enhance their cloud security. The increasing use of cloud solutions and services, digital transformation projects, and an increased number of cloud-based cyberattacks are a few of the factors driving the market. The COVID-19 pandemic caused many firms to switch from on-premise to cloud computing, which led to the cloud infrastructure entitlements management (CIEM) market expansion. The report includes growth prospects owing to the current cloud infrastructure entitlements management (CIEM) market trends and their foreseeable impact during the forecast period.
Cloud infrastructure entitlements management (CIEM), or cloud entitlements management solutions or cloud permissions management solutions, is a cloud security solution that mitigates the risk of data breaches in public cloud environments. Cloud infrastructure entitlements management solutions are specifically developed to manage privilege tightly and consistently in complex and dynamic environments. Cloud infrastructure entitlements management solutions continuously monitor the permissions and activity of entities to prevent excessive entitlements. The main functions of CIEM are entitlement visibility, rightsizing permissions, advanced analytics, and compliance.
The adoption of cloud computing has gained massive traction in recent years with key players such as Amazon, Google, and Microsoft. Cloud computing has altered how enterprises use, store, and share data and information. However, anything that operates digitally will inevitably become a target of cyber actors. The shift of organizations toward cloud computing has created new avenues for cybercriminals to exploit vulnerabilities, compromise data, and wreak havoc on organizations of all sizes. Data stored in the cloud environment is more vulnerable than data on on-site servers. Misconfiguration, compromised user accounts, API vulnerabilities, malicious insider activity, and others are among the major causes of cloud computing cyberattacks. In recent years, the number of attacks on cloud platforms has increased rapidly. Cloud-based cyberattacks accounted for 20% of all cyberattacks in 2020, making cloud-based platforms the third most-targeted cyber environment. In January 2020, Microsoft announced that one of its cloud databases was breached in December 2019, which resulted in the exposure of 250 million entries, including email addresses, IP addresses, and support case details. Cloud infrastructure entitlement management (CIEM) is an automated cloud security solution that mitigates the risk of data breaches in public cloud environments by implementing cloud security. Thus, the rise in cloud-based cyberattacks propels the cloud infrastructure entitlements management market growth.
Various industry and government regulations require businesses to adhere to strict security controls. In such a scenario, cloud infrastructure entitlements management is a crucial aspect of an organization's cybersecurity strategy. In industries such as healthcare, finance, and government that handle sensitive data, organizations of all sizes must comply with complex regulations such as GDPR, HIPAA, PCI-DSS, and SOX to protect the sensitive data of consumers and businesses. Failure to comply with these regulations can lead to heavy fines and damage to the organization's reputation. For instance, the General Data Protection Regulation (GDPR), established in 2018, imposes fines ranging up to US$ 21.68 million (EUR 20 million) or 4% of the company's global annual revenue, whichever is higher. Similarly, the Health Insurance Portability and Accountability Act (HIPAA) violations fines can range up to US$ 1.5 million per violation. The Securities and Exchange Commission (SEC) imposes fines from tens of thousands to millions of dollars. The Occupational Safety and Health Administration (OSHA) violations fines can range up to US$ 134,937 per violation, whereas the Foreign Corrupt Practices Act (FCPA) violations can require a fine of a total of US$ 25 million or more. The Environmental Protection Agency (EPA) can fine up to US$ 50,000 per day per violation. Companies worldwide have faced huge fines due to the violation of these regulations. For instance, according to a survey of 500 organizations worldwide by Kaspersky, the average loss of a company from a violation is US$ 551,000, of which the average loss of small and medium-sized companies from a violation is US$ 38,000. Thus, organizations are required to implement cloud infrastructure entitlements management solutions to comply with stringent government regulations such as PCI DSS, CCPA, HIPAA, SOX, and GDPR, providing lucrative opportunities for market growth.
Key segments that contributed to the derivation of the cloud infrastructure entitlements management (CIEM) market analysis are component, organization size, end user, and geography.
The cloud infrastructure entitlements management (CIEM) market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Europe and APAC.
North America is one of the fastest-growing regions in terms of both technological innovations and the adoption of advanced technologies. The region's expanding IT infrastructure and the accelerated shift to cloud services necessitate advanced security measures. In 2023, North America held the largest market share in the cloud infrastructure entitlements management (CIEM) market. The increasing prevalence of mobile services and the rising number of security breaches linked to identity and privileged access abuse contribute to the adoption of CIEM solutions in the region. CIEM solutions in North America aim to manage identities and privileges in cloud environments. They aim to understand the access entitlements that exist across cloud and multi-cloud environments and then identify and mitigate the risk from entitlements.
The regional trends and factors influencing the Cloud Infrastructure Entitlements Management (CIEM) Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Cloud Infrastructure Entitlements Management (CIEM) Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.03 Billion |
| Market Size by 2031 | US$ 14.11 Billion |
| Global CAGR (2023 - 2031) | 38.7% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Cloud Infrastructure Entitlements Management (CIEM) Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Cloud Infrastructure Entitlements Management (CIEM) Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The cloud infrastructure entitlements management (CIEM) market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the cloud infrastructure entitlements management (CIEM) market are listed below:
The "Cloud Infrastructure Entitlements Management (CIEM) Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
The List of Companies - Cloud Infrastructure Entitlements Management (CIEM) Market
The key players holding majority shares in the cloud infrastructure entitlements management (CIEM) market are Palo Alto Networks, CrowdStrike Holdings Inc, Check Point Software Technologies Ltd., Microsoft, and CyberArk Software Ltd.
The cloud infrastructure entitlements management (CIEM) marketis expected to reach US$ 14110.41 million by 2031.
The incremental growth expected to be recorded for the cloud infrastructure entitlements management (CIEM) market during the forecast period is US$ 13,078.67 million.
Adoption of hybrid and multi-cloud solutions and zero trust security model is anticipated to play a significant role in the cloud infrastructure entitlements management (CIEM) market in the coming years.
The cloud infrastructure entitlements management (CIEM) market was estimated to be US$ 1031.74 million in 2023 and is expected to grow at a CAGR of 38.7 % during the forecast period 2023 – 2031.
Rising cloud-based cyberattacks and increasing adoption of cloud-based deployment models are the major factors that propel the cloud infrastructure entitlements management (CIEM) market.