Cloud Infrastructure Entitlement Management (CIEM) Market

Cloud Infrastructure Entitlement Management Market Size and Share: Comprehensive Analysis and Insights

Over the course of the projection period, the global CIEM market is expected 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.
Based on a Compound Annual Growth Rate (CAGR) of 44.2%, the size of the global CIEM market is expected to increase from USD 1.2 billion in 2023 to USD 7.5 billion by 2028.

Strong CIEM systems that can successfully counter these changing dangers are in high demand, as seen by the rise in identity, access, and privilege management that is not up to par. Adoption of CIEM solutions by businesses has been driven by the urgent need to address the issue of inadequate knowledge about cloud resources, cloud security architecture, and cloud security strategy.

Businesses who want to meet security requirements and safeguard sensitive data have found that implementing CIEM solutions is essential due in large part to government rules and the need for compliance. Additionally, CIEM solutions must be implemented in order to detect and respond proactively to future threats due to the rapid expansion of technology, including IoT and AI, which is also increasing cyberattacks. These elements work together to provide a strong force that propels the CIEM market's expansion and development.

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Cloud Infrastructure Entitlement Management Market Growth is driven by the following key factors,

Rising Cloud Adoption and Expanding Attack Surface:

  • As businesses migrate critical workloads and data to the cloud, the attack surface expands significantly. Traditional security solutions often struggle to keep pace, creating a strong demand for specialized CIEM solutions to manage access privileges effectively.

Growing Complexity of Cloud Environments:

  • Modern cloud environments are often complex, with multi-cloud and hybrid cloud deployments becoming commonplace. Managing access control across diverse cloud platforms and services necessitates a centralized and automated approach offered by CIEM solutions.

Increased Security Breaches and Data Leaks:

  • High-profile cloud security breaches have heightened awareness of the risks associated with excessive access privileges. CIEM solutions address this concern by enforcing least privilege access, minimizing the potential damage caused by compromised accounts or malicious actors.

Focus on Regulatory Compliance and Data Privacy:

  • Stringent data privacy regulations like GDPR and CCPA are driving the need for robust access control. CIEM solutions help businesses comply with these regulations by providing detailed audit trails and demonstrating control over user entitlements within the cloud environment.

Shortage of Cybersecurity Expertise:

  • The cybersecurity skills gap is a persistent challenge for businesses. CIEM solutions alleviate this pressure by automating entitlement management tasks, freeing up IT security personnel to focus on more strategic security initiatives.

Integration with Existing Security Tools and SIEM Platforms:

  • The ability to integrate CIEM solutions with existing security tools and Security Information and Event Management (SIEM) platforms is crucial for businesses. This fosters a holistic security posture by providing a central view of security events and facilitating comprehensive threat detection and response.

Shifting Focus from Identity to Entitlements:

  • Traditional security approaches focused on user identities. CIEM solutions prioritize managing entitlements, which define the specific actions users can perform within the cloud environment. This granular control allows for more precise access management and minimizes the risk of unauthorized activity.

Evolving Role of Cloud Service Providers (CSPs):

  • Cloud Service Providers (CSPs) are recognizing the importance of CIEM and are offering integrated entitlement management functionalities within their cloud platforms. This convenience and ease of deployment are driving adoption, particularly for businesses heavily reliant on specific cloud services.

Growing Awareness of Zero Trust Security Principles:

  • The Zero Trust security model emphasizes continuous verification and least privilege access, regardless of user location or device. CIEM solutions align seamlessly with this model by constantly evaluating access requests and enforcing granular permission controls.

Cost Optimization and Improved Security ROI:

  • CIEM solutions offer a compelling return on investment (ROI) by automating tasks, minimizing security breaches, and ensuring compliance with regulations. This translates to reduced operational costs for security management and improved overall security posture for cloud infrastructure.

By addressing these growth factors, the CIEM market is poised for continued expansion. As businesses prioritize robust security for their cloud environments and navigate the evolving threat landscape, CIEM solutions will play a critical role in mitigating risks, ensuring data privacy, and fostering a secure foundation for cloud deployments.

Cloud Infrastructure Entitlement Management Market Share - Global Industry Landscape:

Rapid7 (US):

  • Market Share: Emerging player, but growing rapidly. (Exact market share data varies by research source)
  • Key Offerings: Rapid7's "Insight Cloud SIEM" offers CIEM capabilities alongside Security Information and Event Management (SIEM) functionalities. This integrated approach provides visibility into user entitlements, security events, and potential threats within the cloud environment.

CrowdStrike (US):

  • Market Share: Holds a respectable market share with its "Falcon Horizon" solution. (Exact market share data varies by research source)
  • Key Offerings: CrowdStrike's focus is on endpoint and workload protection alongside user entitlement management. "Falcon Horizon" integrates with their endpoint protection platform, offering a comprehensive security solution for cloud infrastructure.

SailPoint (US):

  • Market Share: Established player with a strong presence in identity governance and access management (IGA). (Exact market share data varies by research source)
  • Key Offerings: SailPoint's CIEM offering integrates with their existing IGA platform. They focus on user access governance across the cloud environment, ensuring least privilege and providing detailed audit trails for compliance purposes.

Saviynt (US):

  • Market Share: Niche player with a focus on cloud-native entitlement management. (Exact market share data varies by research source)
  • Key Offerings: Saviynt offers a cloud-native CIEM platform specifically designed for modern cloud environments. Their solution emphasizes automation, continuous monitoring, and user behavior analytics for comprehensive entitlement management.

Orca Security (US):

  • Market Share: Emerging player specializing in cloud workload security. (Exact market share data varies by research source)
  • Key Offerings: While not strictly a pure CIEM solution, Orca Security offers functionalities related to entitlement management within their cloud workload security platform. They focus on identifying excessive permissions and potential security misconfigurations within cloud workloads.

EmpowerID (US):

  • Market Share: Niche player focused on privileged access management (PAM) with some CIEM capabilities. (Exact market share data varies by research source)
  • Key Offerings: EmpowerID's primary focus is PAM, but their solution offers features like least privilege enforcement and user behavior monitoring within the cloud environment, providing a complementary approach to CIEM.

 

Related Reports:

Cloud Infrastructure Entitlement Management (CIEM) Market by Offering (Solution, Professional Services), Vertical (BFSI, Healthcare, Retail and eCommerce, Telecommunications, IT and ITeS) and Region - Global Forecast to 2028

Cloud Infrastructure Entitlement Management (CIEM) Market Size,  Share & Growth Report
Report Code
TC 8676
RI Published ON
2/1/2024
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