Cloud Infrastructure Entitlement Management Market Set for Exponential Growth, Projected to Reach USD 15 Billion by 2030

Cloud Infrastructure Entitlement Management Market Set for Exponential Growth, Projected to Reach USD 15 Billion by 2030

 

According to Next Move Strategy Consulting, the global Cloud Infrastructure Entitlement Management (CIEM) Market is on track for significant expansion, projected to reach USD 15 billion by 2030. This growth, at a staggering compound annual growth rate (CAGR) of 40% from 2024 to 2030, is largely driven by the increasing adoption of cloud services, the growing number of cyber threats, and the need for organizations to enhance their security measures in cloud environments.

Cloud infrastructure entitlement management is a critical component of modern cloud security strategies. It involves managing user permissions, roles, and access privileges across cloud environments, ensuring that only authorized individuals and systems can access cloud-based resources. This includes the use of multi-factor authentication, encryption, and detailed access controls to mitigate the risk of data breaches, unauthorized access, and other security vulnerabilities.

Download FREE Sample Report: https://www.nextmsc.com/cloud-infrastructure-entitlement-management-ciem-market/request-sample

Key Market Drivers

  1. Rising Cloud Adoption Across Industries
    The increasing use of cloud computing across various industries is one of the primary drivers of the CIEM market. According to recent reports, 42.5% of EU enterprises purchased cloud services in 2023, primarily for email, file storage, and office software applications. As organizations continue to shift their infrastructure to the cloud, managing user access and ensuring secure, compliant utilization of resources is becoming more critical than ever.

As businesses rely more heavily on cloud environments for critical operations, the demand for robust cloud infrastructure entitlement management solutions to effectively manage user entitlements and prevent unauthorized access continues to rise.

  1. Escalating Cybersecurity Threats
    The rise in cyberattacks and data breaches is another key factor driving the CIEM market. With more organizations moving their data and applications to the cloud, cyber threats such as hacking, phishing, and ransomware attacks have become a significant concern. To combat these threats, companies are investing heavily in advanced network security solutions that provide comprehensive access control, monitoring, and incident response capabilities.

Cloud infrastructure entitlement management solutions are being widely adopted as part of a broader cybersecurity strategy to safeguard sensitive information and mitigate the risks posed by increasingly sophisticated attacks.

  1. Integration of Emerging Technologies
    The integration of blockchain technology and multi-cloud strategies is expected to further accelerate the growth of the CIEM market. Blockchain provides a decentralized, tamper-proof ledger of transactions, which can be used to secure cloud networking by tracking access and ensuring the integrity of data across multiple cloud platforms. Additionally, the growing trend toward multi-cloud environments, where organizations use services from different cloud providers, requires advanced entitlement management to maintain consistency and security across complex cloud infrastructures.

Inquiry Before Buying: https://www.nextmsc.com/cloud-infrastructure-entitlement-management-ciem-market/inquire-before-buying

Market Segmentation

The Cloud Infrastructure Entitlement Management (CIEM) market is segmented based on component, deployment mode, enterprise size, industry vertical, and region.

  • By Component:
    • Identity and Access Management (IAM)
    • Privileged Access Management (PAM)
    • 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:
    • Banking, Financial Services, and Insurance (BFSI)
    • Healthcare
    • Retail
    • Government
  • By Region:
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World (RoW)

Geographical Insights

North America remains the largest market for cloud infrastructure entitlement management, largely due to the region's expanding healthcare sector and the growing adoption of electronic health records (EHRs), telemedicine, and other digital health solutions. The increasing need for secure cloud environments to support healthcare IT services is further driving demand for CIEM solutions. Major players like IBM, Oracle, and Alphabet (Google) are significantly contributing to the market’s growth in this region.

In Asia-Pacific, the market is expected to grow steadily, driven by the region’s booming e-commerce industry and the rapid digital transformation of the banking, financial services, and insurance (BFSI) sectors. China, with its massive e-commerce market and growing BFSI sector, is a key contributor to the regional growth. As the region continues to embrace cloud solutions, the demand for CIEM solutions will rise, particularly for managing sensitive data across multi-cloud environments.

Competitive Landscape

The competitive landscape of the cloud infrastructure entitlement management market includes prominent players such as Amazon Web Services (AWS), Microsoft Corporation, Alphabet Inc., Oracle Corporation, IBM Corporation, Alibaba Cloud, Tencent Holdings Ltd., CoreSite, Akamai Technologies, and others. These companies are employing various strategies, including product innovations, partnerships, and acquisitions, to maintain their leadership in the rapidly evolving cloud security market.

For instance, in February 2023, Akamai Technologies launched the Akamai Connected Cloud platform, offering enhanced cloud security, content delivery, and computing services for cloud infrastructures. Similarly, CoreSite expanded its direct-to-cloud capabilities with Google Cloud in November 2022 to offer secure, low-latency connectivity between data centers and cloud providers.

Market Outlook

The cloud infrastructure entitlement management market is poised for explosive growth, with a projected CAGR of 39.9% between 2024 and 2030. This growth is driven by the increasing adoption of cloud computing across industries, the rising number of cyber threats, and the growing demand for secure, compliant cloud infrastructure management solutions.

Organizations across various sectors, including BFSI, healthcare, retail, and government, are increasingly investing in CIEM solutions to manage access, reduce security risks, and ensure regulatory compliance. With emerging technologies like blockchain and multi-cloud environments gaining traction, the CIEM market is expected to evolve rapidly, offering new opportunities for businesses to strengthen their cloud security posture.

Also, Browse Related Reports:

For more information, please contact:

Next Move Strategy Consulting

E-Mail: info@nextmsc.com

Direct: +1-217-650-7991

Website: www.nextmsc.com

Follow Us: LinkedIn | Twitter | Facebook | Instagram | YouTube

 

About Next Move Strategy Consulting:

Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicates as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that range from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

Back to blog