#CIEM market forecast

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Cloud Infrastructure Entitlement Management is a crucial practice in the realm of cloud computing, designed to ensure the utmost security, control, and compliance over an organization's digital assets within the cloud environment. In a landscape where data breaches and unauthorized access pose significant threats, effective entitlement management empowers businesses to maintain a strong defense against these risks.

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Cloud Security Market Expected To Achieve Lucrative Growth By 2030

The global cloud security market size is projected to reach USD 75.26 billion by 2030, and is anticipated to register a CAGR of 13.1% from 2023 to 2030, according to a new study by Grand View Research Inc. Growth of the market can be attributed to the rising global interconnection of enterprises that need secure and scalable solutions. Cloud security, which deals with both localized and global cyber risks, emerges as a crucial driver, offering enterprises the ability to navigate interconnected digital ecosystems effectively. Organizations are rapidly moving operations to the cloud to improve adaptability, expansion, and cost efficiency.

As the volume of sensitive data in cloud environment grows, the need to secure these digital assets fuels demand for robust cloud security solutions. Cloud security solutions handle specific issues, protecting against cloud-native risks like configuration errors, data breaches, and unauthorized access to data. The increasing threat landscape needs specific security measures, driving the growth of the market. 

Moreover, the Secure Access Service Edge (SASE) framework blends network security operations with wide-area networking (WAN) capabilities to address enterprises' dynamic and secure access needs. Cloud security solutions adapt to SASE principles by offering secure access from any place and at any time. The cloud's convergence of networking and security reflects the changing needs of modern businesses. Cloud security solutions have broad incident response capabilities, allowing enterprises to swiftly identify, investigate, and fix threats.

Future cloud security methods will depend significantly on continuous identification, monitoring, and behavioral analytics. Cloud security systems are widely adopting real-time monitoring of user behaviors, network activity, and system interactions. Enhanced threat intelligence platforms will be vital for cloud security over the forecast period. These systems collect information from various sources, such as global threat sources and industry-specific intelligence.

The growing and dynamic nature of data protection and cybersecurity rules presents uncertainties that limit the growth of the market. With a lack of awareness about evolution of regulations and the way they operate, organizations are hesitant to invest heavily in cloud security solutions. Specific knowledge of cloud structure, identity and access management, predictive maintenance, and threat detection is crucial due to complexity of cloud environments.

The scarcity of experienced personnel capable of installing and monitoring cloud security measures hinders the effective implementation of robust security policies. Addressing the skills gap is vital for achieving the complete potential of cloud security solutions. The design of future market for cloud security will prioritize user experience and its usability. Logical interfaces, user-friendly workflows, and efficient management devices will aid in the effective implementation and administration of cloud safety procedures.

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Cloud Security Market Report Highlights

Based on component, the services segment is anticipated to register the fastest CAGR of 14.5% over the forecast period. The global regulatory landscape's complexity will fuel demand for regulatory compliance and governance services. Service providers are expected to supply enterprises with customized options to meet compliance needs by navigating and complying with numerous privacy and data security standards

Based on solution, the Cloud Infrastructure Entitlement Management (CIEM) segment is anticipated to register the fastest CAGR of 13.9% over the forecast period. This growth is attributable to the advancement of cloud ecosystem. These solutions will connect effectively with various cloud environments, enabling multi-cloud and hybrid cloud structures while offering an integrated overview of credentials and access controls

Based on services, the managed services segment is expected to register the fastest CAGR of 18.2% over the forecast period. A preventive approach to threat detection and response will define the future of managed services. Managed service providers will use modern technologies such as artificial intelligence (AI) and machine learning (ML) in real-time to evaluate patterns, detect abnormalities, and flag possible security incidents

Based on deployment, the hybrid segment is anticipated to register a significant CAGR of 13.5% over the forecast period. The focus on zero-trust security frameworks will grow in the future of hybrid cloud security. A standard perimeter-based security solution proves insufficient in a hybrid framework when data and applications are deployed across numerous sites

Based on enterprise size, the small & medium enterprises (SMEs) segment is expected to register the fastest CAGR of 15.5% over the forecast period. As SMEs adopt digitalization and cloud technology, the growing cloud security landscape presents difficulties and opportunities that will influence their approach to securing private information, ensuring company sustainability, and prompting the segment growth

Based on end-use, the healthcare segment is anticipated to register the fastest CAGR of 15.3% over the forecast period. The introduction of robust encryption techniques for data at rest and in transit, along with complex authentication processes ensures that only authorized employees have access to patient information and will be the future of cloud security in healthcare

The Asia-Pacific region is anticipated to register the fastest CAGR of 14.8% over the forecast period. The future of this region in the market will be defined by a deliberate alignment of cybersecurity measures with the region's technological targets

Cloud Security Market Segmentation

Grand View Research has segmented the global cloud security market based on component, deployment, enterprise size, end-use, and region:

Cloud Security Component Outlook (Revenue, USD Billion, 2018 - 2030)

Solution

Cloud Access Security Broker (CASB)

Cloud Detection and Response (CDR)

Cloud Security Posture Management (CSPM)

Cloud Infrastructure Entitlement Management (CIEM)

Cloud Workload Protection Platform (CWPP)

Services

Professional Services

Managed Services

Cloud Security Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

Private

Hybrid

Public

Cloud Security Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

Large Enterprises

Small & Medium Enterprises (SMEs)

Cloud Security End-use Outlook (Revenue, USD Billion, 2018 - 2030)

BFSI

Retail & E-commerce

IT & Telecom

Healthcare

Manufacturing

Government

Aerospace & Defense

Energy & Utilities

Transportation & Logistics

Others

Cloud Security Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

U.S.

Canada

Europe

UK

Germany

France

Italy

Spain

Asia Pacific

China

India

Japan

Australia

South Korea

Latin America

Brazil

Mexico

Argentina

Middle East and Africa

UAE

Saudi Arabia

South Africa

List of Key Players in the Cloud Security Market

Amazon Web Services, Inc.

Broadcom, Inc.

Check Point Software Technologies Ltd.

Cisco Systems, Inc.

Extreme Networks, Inc.

Fortinet, Inc.

F5, Inc.

Forcepoint

International Business Machines Corporation

Imperva

Palo Alto Networks, Inc.

Proofpoint, Inc.

Sophos Ltd.

Trellix

Zscaler, Inc.

[blueweave]

cloud infrastructure entitlement management (CIEM) market size at USD 0.85 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global cloud infrastructure entitlement management (CIEM) market size to grow at a significant CAGR of 44.7% reaching a value of USD 11.22 billion by 2029. Major growth drivers for the global cloud infrastructure entitlement management (CIEM) market include the increasing cybersecurity threats underscore secure access management's importance, where entitlement management enforces stringent controls. Compliance with data protection rules requires controlling sensitive data access, facilitated by entitlement management. For multi-cloud setups, it simplifies access control, aligning with dynamic Identity and Access Management needs. Against insider threats, it acts as a robust deterrent. Thorough audit and reporting are ensured by comprehensive tracking features. Adapting to remote work trends, it securely enables remote cloud access. Optimizing cloud resource use and vendor competition fuel innovation, cementing its role in security, compliance, and cloud efficiency. However, adoption challenges and limited technical skills expertise are anticipated to restrain the overall market growth during the forecast period.

Global Cloud Infrastructure Entitlement Management (CIEM) Market – Overview

The global cloud infrastructure entitlement management (CIEM) market refers to the dynamic landscape of solutions and services focused on managing and regulating user access rights and permissions within cloud-based infrastructures. It encompasses tools and practices designed to ensure secure, controlled, and compliant access to various cloud resources, addressing the need for robust security measures in the face of rapid cloud adoption. This market caters to organizations seeking to prevent unauthorized access, data breaches, and ensure adherence to regulatory requirements by efficiently managing user privileges and permissions within complex multi-cloud and hybrid cloud environments.

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[sudeepkedar]

Cloud Infrastructure Entitlement Management Market Share, Trend & Growth Forecast to 2032

As per a recent research report, Cloud Infrastructure Entitlement Management Market to surpass USD 27.3 bn by 2032.

As per the report, the increasing adoption of cloud technologies, along with the need for robust security and access control are pushing industry growth. Cloud infrastructure entitlement management (CIEM) solutions help businesses manage user permissions, access privileges, and entitlements across cloud platforms and services. These solutions provide centralized control, visibility, and governance over user access, reducing the risk of unauthorized access and data breaches. They enable organizations to enforce security policies, streamline access request processes, and monitor user activity in real time.

Additionally, the market growth is driven by the growing demand for secure and compliant cloud operations. With the increasing complexity of cloud environments, the need for effective entitlement management solutions will continue to rise, making it a promising area for vendors in the cybersecurity sector.

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In terms of application, the industry is classified into IT & telecommunication, energy & utilities, government & public sector, manufacturing, retail & e-commerce, healthcare & life sciences, and BFSI. The cloud infrastructure entitlement management market share from the government & public segment is expected to witness substantial growth from 2023 to 2032, owing to focus on ensuring secure and compliant operations. Government agencies handle vast amounts of sensitive data and operate critical systems, making robust access control and entitlement management essential. CIEM enables government organizations to enforce strict access policies, granting appropriate privileges to authorized personnel while preventing unauthorized access. It helps streamline the onboarding and offboarding processes, ensuring that user access is provisioned and de-provisioned efficiently.

Based on offering, the industry is divided into solutions and services. The cloud infrastructure entitlement management market size from the services segment will witness significant expansion through 2032. These services encompass a range of capabilities, including identity and access management (IAM), role-based access control (RBAC), and privileged access management (PAM) in the cloud environment. These services enable granular control over user permissions, authentication mechanisms, and entitlements, reducing the risk of unauthorized access, data breaches, and insider threats.

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Regionally, the Asia Pacific cloud infrastructure entitlement management industry size is anticipated to expand significantly through 2032. With the rapid adoption of cloud technologies by organizations across various industries, the need for robust access control and security measures is escalating. The increasing data privacy concerns, stringent regulatory requirements, and the need to prevent unauthorized access & data breaches are fueling the CIEM deployment. Additionally, the rising demand for cloud services, digital transformation initiatives, and the growing awareness of cybersecurity risks contribute to the APAC market expansion.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1   Cloud infrastructure entitlement management (CIEM) market 360º synopsis, 2018 - 2032.

2.2   Business trends

2.2.1   Total Addressable Market (TAM), 2023-2032

2.3   Regional trends

2.4   Offering trends

2.5   Deployment model trends

2.6   Organization size trends

2.7   Application trends

Chapter 3   Cloud Infrastructure Entitlement Management (CIEM) Market Industry Insights

3.1   Impact on COVID-19

3.2   Russia- Ukraine war impact

3.3   Industry ecosystem analysis

3.4   Vendor matrix

3.5   Profit margin analysis

3.6   Technology & innovation landscape

3.7   Patent analysis

3.8   Key news and initiatives

3.9   Regulatory landscape

3.10   Impact forces

3.10.1    Growth drivers

3.10.1.1    Growing adoption of cloud computing across various industries

3.10.1.2    Growing interest towards cloud-based platforms by SMEs

3.10.1.3    Surging demand of hybrid data center

3.10.1.4    Digitalization across manufacturing and healthcare industry

3.10.1.5    Surging e-commerce and retail industry across the globe

3.10.2    Industry pitfalls & challenges

3.10.2.1    Complexity of cloud interface

3.10.2.2    Strict government regulations for data privacy

3.11   Growth potential analysis

3.12   Porter’s analysis

3.13   PESTEL analysis

 About Global Market Insights:

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EVFTA a double edged sword of challenges and benefits for agriculture sector

The Vietnam-EU Free Trade Agreement (EVFTA) is set to come into force this year and with its benefits will also come great challenges for the future of agriculture, which has been a sensitive field for both sides during the negotiation process.

Within the framework of the EVFTA, Vietnam has committed to cut 24% of farm produce tax lines to zero-duty in its first year, this number will rise to cover 99% of the tax lines within 10 years. EU countries will lower their import duties on agricultural products from Vietnam to zero-duty year by year and 74.6% and 97.3% of farm produce tax lines after 10 years.

Challenge of meeting rules of origin

Apart from ample opportunities brought by tax reduction under the EVFTA, Dr. Dang Kim Khoi from the Institute of Policy and Strategy for Agriculture and Rural Development says the tax cuts will put a greater burden of competitiveness on domestic producers in terms of prices, product quality, and food hygiene and safety. 

The livestock industry is forecast to be at the biggest disadvantage as taxes on chicken and pork will be cleared under a roadmap for 8- 10 years, while import duties on beef, milk, and dairy products will be eliminated in a shorter time within 3 years. 

Consequently, over the short and long terms, the animal husbandry industry will be under fierce competition with products imported from the EU.

Aside from such issues, many Vietnamese products have not yet met the necessary food hygiene and safety regulations or the technical standards of importers. 

For example, 323 consignments of Vietnamese seafood received warnings for breaches of food hygiene and safety regulations in the US, EU, Japan, and the Republic of Korea in the 2010-2015 period. Many shipments of pepper and fresh fruit and vegetables to the EU were cautioned for pesticide residues and food hygiene and safety violations.

Furthermore, to benefit from the trade deal’s incentives will require exports to satisfy the EU rules of origin, which presents its own challenges for several Vietnamese sectors. 

For instance, the EU has set rather stringent rules of origin on the cashew nut sector that depends on 63% of imported materials. To satisfy all EU regulations, Vietnam is required to use local raw material supply.

Vietnam’s imports of wood products account for 39.38% of its lumber from Laos and Cambodia, which are non-bloc members without legal certificates of origin (C/O).

Additionally, the EVFTA also stipulates detailed regulations on procedures and legally binding conditions covering the time-limit and manner in which countries must obey C/O procedures for each specific case. 

This is a big challenge for Vietnam as the origin traceability capacity to prove those origins remain inadequate and the necessary system for such diligence is yet to be seen.

The need for strong State support

According to Dr. Vo Tri Thanh, former deputy director of the Central Institute for Economic Management (CIEM), Vietnam must enforce all of its EVFTA commitments over the next 10 years, thus creates the potential for both strong integration opportunities and challenges ahead. 

With the result that Vietnam needs to change its awareness of and approach to integration, accelerate institutional and policy reforms to facilitate the business and investment environment, and ensure adherence to its commitments.

The State and businesses are prepared to grasp opportunities and successfully meet the challenges brought about by FTAs in the coming time.

Mr Thanh underlines the need to enhance the role of State management agencies supporting businesses and strictly follow food hygiene and safety standards to ensure product quality for stronger competition in the international markets.

 The State management agencies should improve their law and policy making capacity  to work out proper safeguard measures in accordance with FTA commitments while ensuring the requirements are met for the protection of domestic production and consumption, as well as the capacity to deal with disputes, especially when investors are able to take legal proceedings against, says Mr Khoi.

Agencies should continue to double check and research support policies for agricultural production and trade promotion, and assist businesses in accessing timely and full information on domestic, international, and EU markets in order to help them map out productive business strategies. 

It is also necessary to deploy upgraded advanced technologies and equipment to better monitor quality and improve the production and processing of exported products, he emphasizes.

VOV

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