Cloud Infrastructure Entitlement Management (CIEM) Market

[182 Pages Report] The global 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.

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Cloud Infrastructure Entitlement Management Market Dynamics

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.

Cloud Infrastructure Entitlement Management Market Ecosystem

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.

Key Market Players

Microsoft (US), CyberArk (US), Palo Alto Networks (US), Check Point (Israel), Zscaler (US), BeyondTrust (US), Rapid7 (US), CrowdStrike (US), SailPoint (US), Saviynt (US), Orca Security (US), EmpowerID (US), Senhasegura (Brazil), Sysdig (US), NextLabs (US), Britive (US), StrongDM (US), Solvo (Israel), Ermetic (US), One Identity (US), Authomize (US), Sonrai Security (US), Radware (Israel), SecurEnds (US), and SSH Communications Security (Finland) are the key players and other players in the CIEM market.

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Scope of the Report

The study categorizes the CIEM market by offering, verticals, and regions.

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

Recent Developments

1. 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.
2. 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.
3. 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.
4. 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.
5. 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.

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