Cloud Infrastructure Entitlement Management (CIEM) Market

Market Definition

The Cloud Infrastructure Entitlement Management Market size was valued at USD 1.42 billion in 2023 and is predicted to reach USD 14.53 billion by 2030 with a CAGR of 39.9% from 2024-2030. 

Cloud infrastructure entitlement management refers to the process of managing and controlling access to cloud-based resources and services within an organization. This includes managing user permissions, roles, and privileges for accessing different parts of the cloud infrastructure, such as databases, servers, and applications.

The goal of cloud infrastructure entitlement management is to ensure that only authorized users and systems are able to access and use cloud resources, while preventing unauthorized access, data breaches, and other security risks.

This typically involves implementing various security measures, such as multi-factor authentication, encryption, and access controls, and monitoring access logs and user activity to detect and respond to potential security incidents.

Market Dynamics and Trends

The increasing adoption of cloud computing across industries to manage and optimize network traffic between cloud and on-premises environments are fostering the growth of the cloud infrastructure entitlement management market. In 2023, the European Union reported that 42.5% of EU enterprises purchased cloud computing services, primarily for e-mail, file storage, and office software.

This increasing adoption of cloud services highlights the growing reliance on cloud infrastructure for various business functions. As organizations increasingly leverage cloud services for critical operations, the need for robust cloud infrastructure entitlement management solutions becomes imperative. These solutions enable enterprises to effectively manage user access, permissions, and entitlements across diverse cloud environments, ensuring secure and compliant utilization of cloud resources.

Furthermore, as cyber threats continue to escalate, there is a heightened demand for network security solutions that offer advanced features such as encryption, intrusion detection, prevention, and access controls. This growing emphasis on network security is driving the expansion of the cloud infrastructure entitlement management market. Organizations are increasingly investing in robust entitlement management solutions to safeguard their cloud environments against unauthorized access and malicious attacks, ensuring the integrity and confidentiality of their data.

As a result, the market for cloud infrastructure entitlement management is experiencing significant growth as businesses prioritize security measures to mitigate cybersecurity risks effectively. However, the high initial cost of cloud infrastructure and the risk of data breaches are the major factors restraining the growth of the cloud infrastructure entitlement management market.

On the contrary, the introduction of multi-cloud networking to leverage the strengths of different clouds and the integration of blockchain technology to secure cloud networking by providing a tamper-proof and decentralized ledger of transactions are expected to create ample opportunities in the cloud infrastructure entitlement management market in the coming years.

Market Segmentations and Scope of the Study

The cloud infrastructure entitlement management market share is segmented on the basis of component, deployment mode, organization size, industry vertical, and region. On the basis of component, the market is classified into identity and access management (IAM), privileged access management, authorization & policy management, security information & event management (SIEM), and compliance management. Based on deployment mode, the market is divided into on-premise and cloud. On the basis of organization size, the market is divided into SMEs and large enterprise. Based on industry vertical, the market is categorized into BFSI, healthcare, retail, and government. Geographic breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the dominant share of cloud infrastructure entitlement management market and is expected to continue its dominance during the forecast period. This is attributed to the region's expanding healthcare sector and the increasing adoption of electronic health records (EHRs), telemedicine services, and other digital health solutions.

According to the Center for Medicare and Medicaid Services, the healthcare industry in the US reached 4.3 trillion in 2021. These advancements necessitate a dependable and secure network infrastructure to support the growing demand for healthcare IT services. 

Moreover, the presence of key players such as IBM Corporation, Alphabet Inc, and Oracle Corporation plays a major role in the development of the cloud infrastructure entitlement management market in this region. 

For instance, in September 2023, IBM expanded its Cloud Security and Compliance Center to assist clients in protecting data and assessing risk across hybrid, multicloud environments. This expansion underscores the growing importance of cloud security solutions in the face of increasing cyber threats, reflecting the market demand for comprehensive data protection measures in cloud-based ecosystems.

On the other hand, Asia-Pacific is expected to show a steady rise in the growth of the cloud infrastructure entitlement management market due to the increasing prevalence of e-commerce industry, promoting businesses to adopt cloud-based solutions.

These solutions help manage the influx of online transactions, enhance customer experience, and attain competitive edges within the region. According to the International Trade Administration, China is the largest e-commerce market globally as it reached USD 2.29 trillion in 2020 and is expected to reach USD 3.56 trillion by 2024.

Moreover, the presence of largest BFSI sectors in the region along with the increasing adoption of cloud networking by the BFSI sector to manage vast amount of sensitive data that requires secure and reliable storage and transmission is driving the growth of the market. According to the China Banking and Insurance Regulatory Commission, China's BFSI is one of the largest industries in the world with total assets of these sector valued at USD 51.19 trillion in 2022.

Competitive Landscape

Various market players operating in the cloud infrastructure entitlement management market include Amazon Web Services (AWS), Microsoft Corporation, Alphabet Inc, Alibaba Cloud, Oracle Corporation, IBM Corporation, Tencent Holdings Ltd, CoreSite, Nokia Corporation, Akamai Technologies, and others. These market players are adopting various strategies such as product launches to remain dominant in the Cloud Infrastructure Entitlement Management market.

For instance, in February 2023, Akamai Technologies Inc launched Akamai connected cloud and new cloud computing platform. The launch was aimed toward providing computing, security, and content delivery in cloud.

Moreover, in November 2022, CoreSite launched new open cloud exchange automation and direct-to-cloud capabilities with google cloud. The launch was aimed toward providing secure, low latency connectivity among the company’s data centers, cloud providers and digital ecosystem.

Furthermore, in March 2022, Nokia Corporation launched its cloud-native solution, Adaptive Cloud Networking, to transform service provider cloud networks to be consumable, agile and automated. Through this launch, the company aims to provide comprehensive solution to respond to the unpredictable demands of the 5G era.

Key Benefits

• The report provides quantitative analysis and estimations of the cloud infrastructure entitlement management market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the cloud infrastructure entitlement management market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the cloud infrastructure entitlement management market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Component 

• Identity and Access Management (IAM)

• Privileged Access Management

• Authorization & Policy Management

• Security Information & Event Management (SIEM)

• Compliance Management

By Deployment Mode 

• On-Premise

• Cloud

By Enterprise Size 

• Small & Medium Enterprises (SMEs) 

• Large Enterprises

By Industry Vertical  

• BFSI

• Healthcare

• Retail 

• Government

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden

  • Norway        

  • Russia        

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 1.42 billion
Revenue Forecast in 2030	USD 14.53 billion
Growth Rate	CAGR of 39.9% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Increasing adoption of cloud computing across industries Growing number of cyber threats fuels the market growth
Countries Covered	28
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

• Amazon Web Services (AWS)

• Microsoft Corporation

• Alphabet Inc.

• Alibaba Cloud

• Oracle Corporation

• IBM Corporation

• Tencent Holdings Ltd.

• CoreSite Inc.

• Nokia Corporation

• Akamai Technologies Inc.