Cloud Infrastructure Entitlement Management (CIEM) Market

Cloud Infrastructure Entitlement Management (CIEM) Market Size, Share, Growth Analysis, By Offering:(Solution, Professional Services), By Vertical:(BFSI, Healthcare), By Region:(North America, Europe) - Industry Forecast 2024-2031

Report ID: UCMIG45D2081 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Cloud Infrastructure Entitlement Management (CIEM) Market Insights

Market Overview:

The size of the worldwide CIEM market is anticipated to increase at a Compound Annual Growth Rate (CAGR) of 44.2% from USD 1.2 billion in 2023 to USD 7.5 billion by 2028. Among the important factors are Threats from crypto-jacking, the need for adequate management of identities, access, and privileges, maintaining visibility and ensuring compliance across numerous cloud infrastructures, and faster and more flexible innovation for DevOps

Cloud Infrastructure Entitlement Management (CIEM) Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Internet Services & Infrastructure by segment aggregation, the contribution of the Internet Services & Infrastructure in Software & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Cloud Infrastructure Entitlement Management (CIEM) Market is segmented by Offering:, Vertical:, Region:. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Cloud Infrastructure Entitlement Management (CIEM) Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Offering: the market is segmented as, Solution, Professional Services
  • Based on Vertical: the market is segmented as, BFSI, Healthcare, Retail and eCommerce, IT and ITeS, Telecommunications, Other Verticals
  • Based on Region: the market is segmented as, North America, Europe, Asia Pacific, Middle East & Africa, Latin America, KEY MARKET PLAYERS, Microsoft, CyberArk, Palo Alto Networks, Check Point, Zscaler, BeyondTrust, Rapid7, CrowdStrike, SailPoint, Saviynt, Orca Security, EmpowerID, Senhasegura, Sysdig, NextLabs, Britive, StrongDM, Solvo, Ermetic, One Identity, Authomize, Sonrai Security, Radware, SecurEnds

Regional Analysis:

Cloud Infrastructure Entitlement Management (CIEM) Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Cloud Infrastructure Entitlement Management (CIEM) Market Attractiveness Analysis, By Region 2020-2028
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Cloud Infrastructure Entitlement Management (CIEM) Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Cloud Infrastructure Entitlement Management (CIEM) Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Cloud Infrastructure Entitlement Management (CIEM) Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Cloud Infrastructure Entitlement Management (CIEM) Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Cloud Infrastructure Entitlement Management (CIEM) Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • CIEM market size is projected to grow from USD 1.2 billion in 2023 to USD 7.5 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 44.2% during the forecast period. The growth of the CIEM market is driven by factors such as increasing cloud adoption, increased cyber threats across the cloud, and the need to manage and monitor complex dynamic multi-cloud environments. There is a significant demand for CIEM across verticals such as BFSI, healthcare, IT and ITeS, among others.
  • Driver: Need for proper management of identities, access, and privileges
  • Modern enterprises continue to migrate to the cloud by shifting most of the core operations. It includes processes and associated workloads, applications, and data across platforms from cloud service providers. Organizations are adopting CIEM solutions as it effectively manages access rights and privileges for the identities of a single or multi-cloud environment. CIEM helps identify and avoid risks resulting from privileges and their management. CIEM solutions have different approaches for an issue to ensure the identities' actions are as expected. The CIEM approach is also based on the principle of least privilege (POLP) to manage identities' private and public cloud permissions. With this approach, CIEM minimizes and mitigates risks of excessive privilege. The risks could be cloud leaks, data breaches, or insider threats. CIEM solutions can grant, resolve, enforces, or revokes the access rights or privileges of all the identities.
  • Restraint: Limited technical skilled expertise to implement CIEM
  • There are certain limitations regarding the actual usage of CIEM solutions. Also, CIEM is a moderately new market in cloud security, and the technology is mature enough. For implementing, processing, analyzing, and securing cloud solutions, the experts or the staff must have the required technical skills and knowledge. Organizations hiring security professionals lack the right skills to analyze and identify advanced security gaps while implementing and managing operations. The 2022 Application Security Report from Fortinet and Cybersecurity Insiders found that due to a lack of skilled personnel across the globe, 80% of organizations suffered one or more breaches that they could attribute to a lack of cybersecurity skills and awareness. This is a significant problem across the security industry.
  • Opportunity: Use of advanced technology to suggest the implementation of the least privileges for a specific type of task
  • Organizations are increasingly adopting CIEM solutions as it allows them to leverage advanced techniques, such as ML, to recommend least privileges for a particular work. End users can handle enormous amounts of entitlement data with AI and ML-powered analytics. Businesses can quickly spot excessive high-risk permissions and examine cloud identity setups by using a risk-based view of human and nonhuman identities. To find abnormalities in account entitlements, such as privilege accumulation and inactive and unnecessary entitlements, CIEM uses analytics, machine learning (ML), and other technologies. CIEM provides the ideal implementation of least privilege approaches. Therefore, leveraging advanced techniques such as ML to recommend the least privileges is an opportunity for the growth of the CIEM market.
  • Challenge: High initial investment
  • Investments in cloud security solutions are elevated right now. CIEM is a moderately new market in cloud security, and the technology is not developed. The solutions are built to target specific gaps in product managing access and identity governance. Still, due to its advantages, CIEM solutions are a significant investment as enterprises onboard the solution. CIEM solutions are built for complex cloud environments. At the same time, it would require the proper support for implementing the solution. Though, with CIEM solutions, the efficiency of enterprises has increased, the initial investments for CIEM are high for the organizations, limiting the prospects of this market.
  • Based on offerings, the professional services segment is to grow at the highest CAGR during the forecast period.
  • This section covers various services in the CIEM market. Services play a crucial role in implementing and deploying CIEM solutions in an enterprise. Professional services are considered a core component of services as these services support day-to-day business operations. Currently, cybersecurity attacks are on the rise, and there is a requirement for holistic standards-based security solutions and services. Professional services are crucial in implementing and deploying CIEM solutions in an enterprise. Professional services include implementation services, integration services, training, and post support services. Companies such as CyberArk, Check Point, CrowdStrike, SailPoint, BeyondTrust, Rapid7, Palo Alto Networks, among others are the key CIEM service providers. Currently, cybersecurity attacks are on the rise, and there is a requirement for holistic standards-based security solutions.
  • Based on regions, North America holds the largest market size during the forecast period.
  • North America accounts for the largest market size due to several key factors. North America comprises strong economic countries like the US and Canada. It offers the most significant and advanced technological infrastructure. North America is the most mature market, as most large enterprises are in this region. The US contributes the maximum share of the CIEM market. The CIEM market has been steadily showing positive trends in the region as several companies and industries are adopting cloud services and solutions at various levels as part of their business strategy to sustain themselves in the market and increase their productivity. CIEM contributes to enterprises that must avoid risks such as attacks by malicious users and data breaches caused by excessive permissions on this type of infrastructure.
  • Recent Developments
  • In September 2022, CrowdStrike announced new Cloud Native Application Protection Platform (CNAPP) capabilities for CrowdStrike Cloud Security, including CIEM features and the integration of CrowdStrike Asset Graph. By preventing identity-based threats caused by misconfigured cloud entitlements, CIEM empowers organizations to enhance their cloud security posture. Meanwhile, Asset Graph delivers comprehensive visibility of the cloud attack surface.
  • In August 2022, CyberArk (US) acquired C3M, a cloud security posture management (CSPM) software company that supports Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform.
  • In February 2022, Check Point (Israel) acquired Spectral. With this acquisition, Check Point will increase the developer-first security capabilities of its cloud solution, Check Point CloudGuard, and offer the broadest spectrum of cloud application security use cases.
  • In July 2021, Microsoft (US) acquired CloudKnox Security, a pioneer in CIEM. CloudKnox provides total visibility into privileged access and assists organizations in right-sizing permissions and enforcing least-privilege principles. It also offers Azure AD customers continuous monitoring, granular visibility, and automatic hybrid and multi-cloud rights remediation.
  • In April 2021, Zscaler (US) acquired Trustdome, a CIEM company, to address cloud workload issues. Trustdome's development team and CIEM technology will be integrated with Zscaler's current CSPM platform, resulting in a holistic solution for minimizing public cloud attack surfaces and enhancing security posture. With its first development center in Israel, Zscaler also broadens its geographic scope.
  • KEY MARKET SEGMENTS
  • By Offering:
  • Solution
  • Professional Services
  • By Vertical:
  • BFSI
  • Healthcare
  • Retail and eCommerce
  • IT and ITeS
  • Telecommunications
  • Other Verticals
  • By Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America
  • KEY MARKET PLAYERS
  • Microsoft
  • CyberArk
  • Palo Alto Networks
  • Check Point
  • Zscaler
  • BeyondTrust
  • Rapid7
  • CrowdStrike
  • SailPoint
  • Saviynt
  • Orca Security
  • EmpowerID
  • Senhasegura
  • Sysdig
  • NextLabs
  • Britive
  • StrongDM
  • Solvo
  • Ermetic
  • One Identity
  • Authomize
  • Sonrai Security
  • Radware
  • SecurEnds
  • SSH Communications Security

SkyQuest's Expertise:

The Cloud Infrastructure Entitlement Management (CIEM) Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Offering: - Solution, Professional Services
  • By Vertical: - BFSI, Healthcare, Retail and eCommerce, IT and ITeS, Telecommunications, Other Verticals
  • By Region: - North America, Europe, Asia Pacific, Middle East & Africa, Latin America, KEY MARKET PLAYERS, Microsoft, CyberArk, Palo Alto Networks, Check Point, Zscaler, BeyondTrust, Rapid7, CrowdStrike, SailPoint, Saviynt, Orca Security, EmpowerID, Senhasegura, Sysdig, NextLabs, Britive, StrongDM, Solvo, Ermetic, One Identity, Authomize, Sonrai Security, Radware, SecurEnds
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • CIEM market size is projected to grow from USD 1.2 billion in 2023 to USD 7.5 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 44.2% during the forecast period. The growth of the CIEM market is driven by factors such as increasing cloud adoption, increased cyber threats across the cloud, and the need to manage and monitor complex dynamic multi-cloud environments. There is a significant demand for CIEM across verticals such as BFSI, healthcare, IT and ITeS, among others.
  • Driver: Need for proper management of identities, access, and privileges
  • Modern enterprises continue to migrate to the cloud by shifting most of the core operations. It includes processes and associated workloads, applications, and data across platforms from cloud service providers. Organizations are adopting CIEM solutions as it effectively manages access rights and privileges for the identities of a single or multi-cloud environment. CIEM helps identify and avoid risks resulting from privileges and their management. CIEM solutions have different approaches for an issue to ensure the identities' actions are as expected. The CIEM approach is also based on the principle of least privilege (POLP) to manage identities' private and public cloud permissions. With this approach, CIEM minimizes and mitigates risks of excessive privilege. The risks could be cloud leaks, data breaches, or insider threats. CIEM solutions can grant, resolve, enforces, or revokes the access rights or privileges of all the identities.
  • Restraint: Limited technical skilled expertise to implement CIEM
  • There are certain limitations regarding the actual usage of CIEM solutions. Also, CIEM is a moderately new market in cloud security, and the technology is mature enough. For implementing, processing, analyzing, and securing cloud solutions, the experts or the staff must have the required technical skills and knowledge. Organizations hiring security professionals lack the right skills to analyze and identify advanced security gaps while implementing and managing operations. The 2022 Application Security Report from Fortinet and Cybersecurity Insiders found that due to a lack of skilled personnel across the globe, 80% of organizations suffered one or more breaches that they could attribute to a lack of cybersecurity skills and awareness. This is a significant problem across the security industry.
  • Opportunity: Use of advanced technology to suggest the implementation of the least privileges for a specific type of task
  • Organizations are increasingly adopting CIEM solutions as it allows them to leverage advanced techniques, such as ML, to recommend least privileges for a particular work. End users can handle enormous amounts of entitlement data with AI and ML-powered analytics. Businesses can quickly spot excessive high-risk permissions and examine cloud identity setups by using a risk-based view of human and nonhuman identities. To find abnormalities in account entitlements, such as privilege accumulation and inactive and unnecessary entitlements, CIEM uses analytics, machine learning (ML), and other technologies. CIEM provides the ideal implementation of least privilege approaches. Therefore, leveraging advanced techniques such as ML to recommend the least privileges is an opportunity for the growth of the CIEM market.
  • Challenge: High initial investment
  • Investments in cloud security solutions are elevated right now. CIEM is a moderately new market in cloud security, and the technology is not developed. The solutions are built to target specific gaps in product managing access and identity governance. Still, due to its advantages, CIEM solutions are a significant investment as enterprises onboard the solution. CIEM solutions are built for complex cloud environments. At the same time, it would require the proper support for implementing the solution. Though, with CIEM solutions, the efficiency of enterprises has increased, the initial investments for CIEM are high for the organizations, limiting the prospects of this market.
  • Based on offerings, the professional services segment is to grow at the highest CAGR during the forecast period.
  • This section covers various services in the CIEM market. Services play a crucial role in implementing and deploying CIEM solutions in an enterprise. Professional services are considered a core component of services as these services support day-to-day business operations. Currently, cybersecurity attacks are on the rise, and there is a requirement for holistic standards-based security solutions and services. Professional services are crucial in implementing and deploying CIEM solutions in an enterprise. Professional services include implementation services, integration services, training, and post support services. Companies such as CyberArk, Check Point, CrowdStrike, SailPoint, BeyondTrust, Rapid7, Palo Alto Networks, among others are the key CIEM service providers. Currently, cybersecurity attacks are on the rise, and there is a requirement for holistic standards-based security solutions.
  • Based on regions, North America holds the largest market size during the forecast period.
  • North America accounts for the largest market size due to several key factors. North America comprises strong economic countries like the US and Canada. It offers the most significant and advanced technological infrastructure. North America is the most mature market, as most large enterprises are in this region. The US contributes the maximum share of the CIEM market. The CIEM market has been steadily showing positive trends in the region as several companies and industries are adopting cloud services and solutions at various levels as part of their business strategy to sustain themselves in the market and increase their productivity. CIEM contributes to enterprises that must avoid risks such as attacks by malicious users and data breaches caused by excessive permissions on this type of infrastructure.
  • Recent Developments
  • In September 2022, CrowdStrike announced new Cloud Native Application Protection Platform (CNAPP) capabilities for CrowdStrike Cloud Security, including CIEM features and the integration of CrowdStrike Asset Graph. By preventing identity-based threats caused by misconfigured cloud entitlements, CIEM empowers organizations to enhance their cloud security posture. Meanwhile, Asset Graph delivers comprehensive visibility of the cloud attack surface.
  • In August 2022, CyberArk (US) acquired C3M, a cloud security posture management (CSPM) software company that supports Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform.
  • In February 2022, Check Point (Israel) acquired Spectral. With this acquisition, Check Point will increase the developer-first security capabilities of its cloud solution, Check Point CloudGuard, and offer the broadest spectrum of cloud application security use cases.
  • In July 2021, Microsoft (US) acquired CloudKnox Security, a pioneer in CIEM. CloudKnox provides total visibility into privileged access and assists organizations in right-sizing permissions and enforcing least-privilege principles. It also offers Azure AD customers continuous monitoring, granular visibility, and automatic hybrid and multi-cloud rights remediation.
  • In April 2021, Zscaler (US) acquired Trustdome, a CIEM company, to address cloud workload issues. Trustdome's development team and CIEM technology will be integrated with Zscaler's current CSPM platform, resulting in a holistic solution for minimizing public cloud attack surfaces and enhancing security posture. With its first development center in Israel, Zscaler also broadens its geographic scope.
  • KEY MARKET SEGMENTS
  • By Offering:
  • Solution
  • Professional Services
  • By Vertical:
  • BFSI
  • Healthcare
  • Retail and eCommerce
  • IT and ITeS
  • Telecommunications
  • Other Verticals
  • By Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America
  • KEY MARKET PLAYERS
  • Microsoft
  • CyberArk
  • Palo Alto Networks
  • Check Point
  • Zscaler
  • BeyondTrust
  • Rapid7
  • CrowdStrike
  • SailPoint
  • Saviynt
  • Orca Security
  • EmpowerID
  • Senhasegura
  • Sysdig
  • NextLabs
  • Britive
  • StrongDM
  • Solvo
  • Ermetic
  • One Identity
  • Authomize
  • Sonrai Security
  • Radware
  • SecurEnds
  • SSH Communications Security
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Cloud Infrastructure Entitlement Management (CIEM) Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Cloud Infrastructure Entitlement Management (CIEM) Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • CIEM market size is projected to grow from USD 1.2 billion in 2023 to USD 7.5 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 44.2% during the forecast period. The growth of the CIEM market is driven by factors such as increasing cloud adoption, increased cyber threats across the cloud, and the need to manage and monitor complex dynamic multi-cloud environments. There is a significant demand for CIEM across verticals such as BFSI, healthcare, IT and ITeS, among others.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Driver: Need for proper management of identities, access, and privileges
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Modern enterprises continue to migrate to the cloud by shifting most of the core operations. It includes processes and associated workloads, applications, and data across platforms from cloud service providers. Organizations are adopting CIEM solutions as it effectively manages access rights and privileges for the identities of a single or multi-cloud environment. CIEM helps identify and avoid risks resulting from privileges and their management. CIEM solutions have different approaches for an issue to ensure the identities' actions are as expected. The CIEM approach is also based on the principle of least privilege (POLP) to manage identities' private and public cloud permissions. With this approach, CIEM minimizes and mitigates risks of excessive privilege. The risks could be cloud leaks, data breaches, or insider threats. CIEM solutions can grant, resolve, enforces, or revokes the access rights or privileges of all the identities.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Restraint: Limited technical skilled expertise to implement CIEM
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • There are certain limitations regarding the actual usage of CIEM solutions. Also, CIEM is a moderately new market in cloud security, and the technology is mature enough. For implementing, processing, analyzing, and securing cloud solutions, the experts or the staff must have the required technical skills and knowledge. Organizations hiring security professionals lack the right skills to analyze and identify advanced security gaps while implementing and managing operations. The 2022 Application Security Report from Fortinet and Cybersecurity Insiders found that due to a lack of skilled personnel across the globe, 80% of organizations suffered one or more breaches that they could attribute to a lack of cybersecurity skills and awareness. This is a significant problem across the security industry.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Opportunity: Use of advanced technology to suggest the implementation of the least privileges for a specific type of task
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Organizations are increasingly adopting CIEM solutions as it allows them to leverage advanced techniques, such as ML, to recommend least privileges for a particular work. End users can handle enormous amounts of entitlement data with AI and ML-powered analytics. Businesses can quickly spot excessive high-risk permissions and examine cloud identity setups by using a risk-based view of human and nonhuman identities. To find abnormalities in account entitlements, such as privilege accumulation and inactive and unnecessary entitlements, CIEM uses analytics, machine learning (ML), and other technologies. CIEM provides the ideal implementation of least privilege approaches. Therefore, leveraging advanced techniques such as ML to recommend the least privileges is an opportunity for the growth of the CIEM market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Challenge: High initial investment
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Investments in cloud security solutions are elevated right now. CIEM is a moderately new market in cloud security, and the technology is not developed. The solutions are built to target specific gaps in product managing access and identity governance. Still, due to its advantages, CIEM solutions are a significant investment as enterprises onboard the solution. CIEM solutions are built for complex cloud environments. At the same time, it would require the proper support for implementing the solution. Though, with CIEM solutions, the efficiency of enterprises has increased, the initial investments for CIEM are high for the organizations, limiting the prospects of this market.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on offerings, the professional services segment is to grow at the highest CAGR during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • This section covers various services in the CIEM market. Services play a crucial role in implementing and deploying CIEM solutions in an enterprise. Professional services are considered a core component of services as these services support day-to-day business operations. Currently, cybersecurity attacks are on the rise, and there is a requirement for holistic standards-based security solutions and services. Professional services are crucial in implementing and deploying CIEM solutions in an enterprise. Professional services include implementation services, integration services, training, and post support services. Companies such as CyberArk, Check Point, CrowdStrike, SailPoint, BeyondTrust, Rapid7, Palo Alto Networks, among others are the key CIEM service providers. Currently, cybersecurity attacks are on the rise, and there is a requirement for holistic standards-based security solutions.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on regions, North America holds the largest market size during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America accounts for the largest market size due to several key factors. North America comprises strong economic countries like the US and Canada. It offers the most significant and advanced technological infrastructure. North America is the most mature market, as most large enterprises are in this region. The US contributes the maximum share of the CIEM market. The CIEM market has been steadily showing positive trends in the region as several companies and industries are adopting cloud services and solutions at various levels as part of their business strategy to sustain themselves in the market and increase their productivity. CIEM contributes to enterprises that must avoid risks such as attacks by malicious users and data breaches caused by excessive permissions on this type of infrastructure.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In September 2022, CrowdStrike announced new Cloud Native Application Protection Platform (CNAPP) capabilities for CrowdStrike Cloud Security, including CIEM features and the integration of CrowdStrike Asset Graph. By preventing identity-based threats caused by misconfigured cloud entitlements, CIEM empowers organizations to enhance their cloud security posture. Meanwhile, Asset Graph delivers comprehensive visibility of the cloud attack surface.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In August 2022, CyberArk (US) acquired C3M, a cloud security posture management (CSPM) software company that supports Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In February 2022, Check Point (Israel) acquired Spectral. With this acquisition, Check Point will increase the developer-first security capabilities of its cloud solution, Check Point CloudGuard, and offer the broadest spectrum of cloud application security use cases.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In July 2021, Microsoft (US) acquired CloudKnox Security, a pioneer in CIEM. CloudKnox provides total visibility into privileged access and assists organizations in right-sizing permissions and enforcing least-privilege principles. It also offers Azure AD customers continuous monitoring, granular visibility, and automatic hybrid and multi-cloud rights remediation.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In April 2021, Zscaler (US) acquired Trustdome, a CIEM company, to address cloud workload issues. Trustdome's development team and CIEM technology will be integrated with Zscaler's current CSPM platform, resulting in a holistic solution for minimizing public cloud attack surfaces and enhancing security posture. With its first development center in Israel, Zscaler also broadens its geographic scope.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Offering:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Solution
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Professional Services
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Vertical:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • BFSI
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Healthcare
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Retail and eCommerce
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • IT and ITeS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Telecommunications
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Other Verticals
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Latin America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Microsoft
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • CyberArk
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Palo Alto Networks
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Check Point
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Zscaler
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • BeyondTrust
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rapid7
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • CrowdStrike
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SailPoint
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Saviynt
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Orca Security
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • EmpowerID
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Senhasegura
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Sysdig
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • NextLabs
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Britive
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • StrongDM
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Solvo
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Ermetic
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • One Identity
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Authomize
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Sonrai Security
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Radware
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SecurEnds
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SSH Communications Security
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Cloud Infrastructure Entitlement Management (CIEM) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cloud Infrastructure Entitlement Management (CIEM) Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cloud Infrastructure Entitlement Management (CIEM) Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Cloud Infrastructure Entitlement Management (CIEM) Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for Cloud Infrastructure Entitlement Management (CIEM) was estimated to be valued at US$ XX Mn in 2021.

The global Cloud Infrastructure Entitlement Management (CIEM) Market is estimated to grow at a CAGR of XX% by 2028.

The global Cloud Infrastructure Entitlement Management (CIEM) Market is segmented on the basis of Offering:, Vertical:, Region:.

Based on region, the global Cloud Infrastructure Entitlement Management (CIEM) Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Cloud Infrastructure Entitlement Management (CIEM) Market are CIEM market size is projected to grow from USD 1.2 billion in 2023 to USD 7.5 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 44.2% during the forecast period. The growth of the CIEM market is driven by factors such as increasing cloud adoption, increased cyber threats across the cloud, and the need to manage and monitor complex dynamic multi-cloud environments. There is a significant demand for CIEM across verticals such as BFSI, healthcare, IT and ITeS, among others. , Driver: Need for proper management of identities, access, and privileges , Modern enterprises continue to migrate to the cloud by shifting most of the core operations. It includes processes and associated workloads, applications, and data across platforms from cloud service providers. Organizations are adopting CIEM solutions as it effectively manages access rights and privileges for the identities of a single or multi-cloud environment. CIEM helps identify and avoid risks resulting from privileges and their management. CIEM solutions have different approaches for an issue to ensure the identities' actions are as expected. The CIEM approach is also based on the principle of least privilege (POLP) to manage identities' private and public cloud permissions. With this approach, CIEM minimizes and mitigates risks of excessive privilege. The risks could be cloud leaks, data breaches, or insider threats. CIEM solutions can grant, resolve, enforces, or revokes the access rights or privileges of all the identities. , Restraint: Limited technical skilled expertise to implement CIEM , There are certain limitations regarding the actual usage of CIEM solutions. Also, CIEM is a moderately new market in cloud security, and the technology is mature enough. For implementing, processing, analyzing, and securing cloud solutions, the experts or the staff must have the required technical skills and knowledge. Organizations hiring security professionals lack the right skills to analyze and identify advanced security gaps while implementing and managing operations. The 2022 Application Security Report from Fortinet and Cybersecurity Insiders found that due to a lack of skilled personnel across the globe, 80% of organizations suffered one or more breaches that they could attribute to a lack of cybersecurity skills and awareness. This is a significant problem across the security industry. , Opportunity: Use of advanced technology to suggest the implementation of the least privileges for a specific type of task , Organizations are increasingly adopting CIEM solutions as it allows them to leverage advanced techniques, such as ML, to recommend least privileges for a particular work. End users can handle enormous amounts of entitlement data with AI and ML-powered analytics. Businesses can quickly spot excessive high-risk permissions and examine cloud identity setups by using a risk-based view of human and nonhuman identities. To find abnormalities in account entitlements, such as privilege accumulation and inactive and unnecessary entitlements, CIEM uses analytics, machine learning (ML), and other technologies. CIEM provides the ideal implementation of least privilege approaches. Therefore, leveraging advanced techniques such as ML to recommend the least privileges is an opportunity for the growth of the CIEM market. , Challenge: High initial investment , Investments in cloud security solutions are elevated right now. CIEM is a moderately new market in cloud security, and the technology is not developed. The solutions are built to target specific gaps in product managing access and identity governance. Still, due to its advantages, CIEM solutions are a significant investment as enterprises onboard the solution. CIEM solutions are built for complex cloud environments. At the same time, it would require the proper support for implementing the solution. Though, with CIEM solutions, the efficiency of enterprises has increased, the initial investments for CIEM are high for the organizations, limiting the prospects of this market. , Based on offerings, the professional services segment is to grow at the highest CAGR during the forecast period. , This section covers various services in the CIEM market. Services play a crucial role in implementing and deploying CIEM solutions in an enterprise. Professional services are considered a core component of services as these services support day-to-day business operations. Currently, cybersecurity attacks are on the rise, and there is a requirement for holistic standards-based security solutions and services. Professional services are crucial in implementing and deploying CIEM solutions in an enterprise. Professional services include implementation services, integration services, training, and post support services. Companies such as CyberArk, Check Point, CrowdStrike, SailPoint, BeyondTrust, Rapid7, Palo Alto Networks, among others are the key CIEM service providers. Currently, cybersecurity attacks are on the rise, and there is a requirement for holistic standards-based security solutions. , Based on regions, North America holds the largest market size during the forecast period. , North America accounts for the largest market size due to several key factors. North America comprises strong economic countries like the US and Canada. It offers the most significant and advanced technological infrastructure. North America is the most mature market, as most large enterprises are in this region. The US contributes the maximum share of the CIEM market. The CIEM market has been steadily showing positive trends in the region as several companies and industries are adopting cloud services and solutions at various levels as part of their business strategy to sustain themselves in the market and increase their productivity. CIEM contributes to enterprises that must avoid risks such as attacks by malicious users and data breaches caused by excessive permissions on this type of infrastructure. , Recent Developments , In September 2022, CrowdStrike announced new Cloud Native Application Protection Platform (CNAPP) capabilities for CrowdStrike Cloud Security, including CIEM features and the integration of CrowdStrike Asset Graph. By preventing identity-based threats caused by misconfigured cloud entitlements, CIEM empowers organizations to enhance their cloud security posture. Meanwhile, Asset Graph delivers comprehensive visibility of the cloud attack surface. , In August 2022, CyberArk (US) acquired C3M, a cloud security posture management (CSPM) software company that supports Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform. , In February 2022, Check Point (Israel) acquired Spectral. With this acquisition, Check Point will increase the developer-first security capabilities of its cloud solution, Check Point CloudGuard, and offer the broadest spectrum of cloud application security use cases. , In July 2021, Microsoft (US) acquired CloudKnox Security, a pioneer in CIEM. CloudKnox provides total visibility into privileged access and assists organizations in right-sizing permissions and enforcing least-privilege principles. It also offers Azure AD customers continuous monitoring, granular visibility, and automatic hybrid and multi-cloud rights remediation. , In April 2021, Zscaler (US) acquired Trustdome, a CIEM company, to address cloud workload issues. Trustdome's development team and CIEM technology will be integrated with Zscaler's current CSPM platform, resulting in a holistic solution for minimizing public cloud attack surfaces and enhancing security posture. With its first development center in Israel, Zscaler also broadens its geographic scope. , KEY MARKET SEGMENTS, By Offering: , Solution , Professional Services , By Vertical: , BFSI , Healthcare , Retail and eCommerce , IT and ITeS , Telecommunications , Other Verticals , By Region: , North America , Europe , Asia Pacific , Middle East & Africa , Latin America , KEY MARKET PLAYERS , Microsoft , CyberArk , Palo Alto Networks , Check Point , Zscaler , BeyondTrust , Rapid7 , CrowdStrike , SailPoint , Saviynt , Orca Security , EmpowerID , Senhasegura , Sysdig , NextLabs , Britive , StrongDM , Solvo , Ermetic , One Identity , Authomize , Sonrai Security , Radware , SecurEnds , SSH Communications Security .

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