The global cloud infrastructure entitlement management market share is expected to grow at a CAGR of 42.4% during the forecast period, to reach USD 10.01 billion by 2029 from USD 1.71 billion in 2024.
Cloud Infrastructure Entitlement Management is the process of managing identities and privileges and reducing the risk of data breaches in public cloud settings. This cloud security solution brings down the cloud attack surface and assists companies in streamlining through automated Cloud Infrastructure Entitlement Management.
The Cloud Infrastructure Entitlement Management market growth rate is fuelled by several factors, such as the adoption of multi-cloud and hybrid-cloud environments, an increase in services and their diverse workloads, overprivileged access to cloud resources and tools, geopolitical unrest, and the inefficiency of traditional identity and access management against enhanced cyberattack capabilities and techniques. All these reasons are increasing the demand for an effective cloud infrastructure entitlement product or service; therefore, the market share is expected to increase in the forecast period. In November 2023, the first NATO Cyber Defence Conference was held in Germany, which included all the NATO alliance countries to deal with the growing cyberattacks, defeating or bypassing current security methods.
High installation cost is one of the major factors restricting the growth of the cloud infrastructure entitlement management market. Due to limited budgets, only large organizations are able to invest in cloud security systems and employee training. Also, the complexity of implementing CIEM solutions in multiple cloud platforms could affect the market demand in the coming years. Furthermore, the lack of technical expertise to install cloud infrastructure entitlement management is holding back the market from expanding. The professionals must have the technological skills and knowledge to implement, process, assess, and secure cloud solutions. All these factors might lead to a decline in market share in the coming years.
As organizations are implementing the least privilege model, granting privileged access only when necessary and revoked upon completion, Just-in-Time (JIT) cloud access management, a pioneering approach in modern Cloud Infrastructure Entitlement Management (CIEM), is being implemented, and combining it with the DevSecOps practices for increased security is providing the right set of circumstances for the cloud infrastructure entitlement management market to grow during the forecast period. Artificial intelligence and machine learning are growing at a tremendous rate in the Indian BFSI industry due to rising digital transactions and customer base, fraud detection, and growing personalized financial services. Therefore, AI and ML can enhance CIEM's security measures by enabling continuous learning and adaptation to emerging threats and changing access patterns. All these changes in the market are providing an opportunity for the cloud infrastructure entitlement management market value.
Around the world, COVID-19 had a major influence on a wide range of businesses, many of which employed cloud infrastructure entitlement management tools. Cloud entitlement security technologies were utilized by the IT and technology services industry to manage access and restrictions to resources and assets effectively. Lockdown policies during COVID-19 led to increased attack surfaces, with Russia's Sunburst cyberespionage campaign affecting over 100 companies and U.S. agencies, stealing security certificates and bypassing multi-factor authentication; as a consequence, the demand for cloud infrastructure entitlement solutions went up. During the pandemic, Zero Trust Security gained popularity, aligning with CIEM principles, and organizations may have explored or reinforced these security models to address dynamic threat environments. So, we can say that COVID-19 has spiked the market share of the cloud infrastructure entitlement market and is expected to grow at a significant pace in the forecast period.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
42.4% |
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Segments Covered |
By Component, Organization Size, Application, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Zscaler (US), CyberArk (US), Check Point (Israel), Microsoft (US), CrowdStrike (US), and others. |
The solution segment is accounted for holding the cloud infrastructure entitlement management market share during the forecast period. The solution segment includes access analytics, entitlement management, policy management, uninterrupted monitoring, risk assessment and remediation, incorporation with identity and access management, and user behavior analytics (UBA). Within the Cloud Infrastructure Entitlement Management (CIEM) market, the Professional Services category comprises experts and advisory organizations that help with the implementation, optimization, and upkeep of CIEM systems. Due to the evolution in cyberattack methods and techniques, the demand for the new age cloud infrastructure entitlement management market growth is increasing at a faster rate.
The Organization Size segment in the cloud infrastructure entitlement management market is designed to address the requirements of smaller businesses specifically. CIEM systems for SMEs include easy-to-use entitlement management capabilities, affordability, and simplicity of setup. Larger businesses usually have more reliable CIEM solutions that can handle demanding access control needs. Advanced features like multi-cloud support, scalability, and interaction with other enterprise-level security systems are possible characteristics that they could provide. All the advantages of cloud – based services and solutions coupled with modern security measures using artificial intelligence and machine learning will scale up the Cloud infrastructure entitlement management market share in the forecast period.
Among all the segments under this category, the BFSI segment is anticipated to register the maximum market share during the forecast period of the cloud infrastructure entitlement management market. As the BFSI industry is moving towards digitalization, better customer experience, and cloud-based products and services, the demand for cloud infrastructure entitlement management tools is moving upwards. In 2022, the IT and ITeS segment dominated the market, leveraging web-based technologies and cloud services to virtualize IT infrastructure and access online applications. The healthcare industry requires security and compliance for sensitive patient information, with cloud infrastructure entitlement management solutions focusing on protecting access to electronic health records and medical databases.
North America's increasing adoption of cloud services and technological innovation has made it the dominant region in the worldwide cloud infrastructure entitlement management market, especially in the United States. Strong entitlement management systems are required in order to provide safe and legal access to cloud resources in light of this change. The growing need for total security while running physical, virtual, or cloud systems is driving the growth of the region's cloud infrastructure entitlement management market. Due to improved cloud solutions and growing digitization, Asia Pacific's flourishing economies—including Singapore, Japan, China, and India—are anticipated to see rapid expansion in the CIEM market. In Europe, Germany dominated the cloud infrastructure entitlement management market in 2022 and is expected to grow further in the forecast period, followed by the United Kingdom and France.
The global cloud infrastructure entitlement management market is concentrated with well-established players. Key players in the market include Zscaler (US), CyberArk (US), Check Point (Israel), Microsoft (US), CrowdStrike (US), and others.
In June 2023, CrowdStrike announced the new 1-Click XDR security abilities to detect and safeguard the cloud resources, assets, identity, and data through its CrowdStrike Falcon agent.
In October 2023, CyberArk enhanced its CyberArk Secure Cloud Access solution, which provides just-in-time access with zero-standing privileges to cloud management consoles and services in multi-cloud environments and ensures secure access to all cloud environments without disruption.
In May 2023, Microsoft added a new set of security products in identity and access management to its Azure cloud services, which makes its product equal to its competitors.
By Component
Solution
Professional Services
By Organization Size
Large Enterprise
Small and Medium Enterprise
By Application
IT and Telecommunications
BFSI
Retail and E-commerce
Healthcare
Government and Public sector
Manufacturing
Energy & Utilities
By Region
Frequently Asked Questions
The primary drivers include the rapid adoption of cloud services, increasing concerns over data security and compliance, the growing complexity of cloud environments, and the need for automated and scalable entitlement management solutions.
North America and Europe are leading the market due to early cloud adoption and stringent regulatory requirements. However, the Asia-Pacific region is experiencing the fastest growth due to increasing digital transformation initiatives and expanding cloud infrastructures.
Benefits include enhanced security through better access control, improved compliance with regulatory requirements, reduced risk of insider threats, and operational efficiency through automation and centralized entitlement management.
The CIEM market is expected to grow significantly, driven by increasing cloud adoption, heightened security concerns, and the need for more advanced and automated entitlement management solutions. Integration with other security technologies and the rise of AI and machine learning in CIEM are also anticipated trends.
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