At 35.8% CAGR, Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market is Projected to be Worth US$ 750.93 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa cloud infrastructure entitlements management (CIEM) market was valued at US$ 65.07 million in 2023 and is expected to reach US$ 750.93 million by 2031, registering a CAGR of 35.8% from 2023 to 2031. Zero trust security model and adoption of hybrid and rising cloud-based cyberattacks are among the critical factors attributed to drive the Middle East & Africa cloud infrastructure entitlements management (CIEM) market growth.

Zero trust is reshaping the cloud infrastructure entitlements management solution in a new era of stringent security practices. The goal of the zero trust security model is to grant access to assets as precisely as early as possible so that employees have permission to use specific accounts, applications, or equipment only when needed and for a specific reason. The zero trust security model effectively reduces the risk of unauthorized access and lateral movement within cloud networks, protecting sensitive data, applications, and infrastructure by eliminating trust assumptions and implementing continuous verification. Zero trust actively improves visibility with the help of granular insights into user activity, device health, and network traffic. This helps enterprises identify and quickly address threats, safeguarding their cloud environments. The zero trust security model provides companies the flexibility and scalability to modify their security measures in response to changing demands and workloads while preserving robust security postures against emerging threats and evolving technologies.

Thus, zero trust plays a vital role in securing cloud environments by addressing unique security challenges inherent in dynamic and distributed architectures. Complying with the zero trust security approach will be essential for cloud infrastructure entitlements management solutions in the future, as it is gradually replacing traditional network-based perimeter protection models.

On the contrary, the lack of consistency and standards across clouds hamper the growth of Middle East & Africa cloud infrastructure entitlements management (CIEM) market.

Based on component, the Middle East & Africa cloud infrastructure entitlements management (CIEM) market is bifurcated into solution and services. The solution segment held 84.3% market share in 2023, amassing US$ 54.83 million. It is projected to garner US$ 637.66 million by 2031 to register 35.9% CAGR during 2023-2031.

In terms of organization size, the Middle East & Africa cloud infrastructure entitlements management (CIEM) market is bifurcated into large enterprises and SMEs. The large enterprises segment held 89.2% share of Middle East & Africa cloud infrastructure entitlements management (CIEM) market in 2023, amassing US$ 58.02 million. It is anticipated to garner US$ 679.64 million by 2031 to expand at 36.0% CAGR during 2023-2031.

By vertical, the Middle East & Africa cloud infrastructure entitlements management (CIEM) market is segmented into IT and telecom, healthcare, manufacturing, BFSI, retail and ecommerce, and others. The others segment held 25.0% market share in 2023, amassing US$ 16.26 million. It is projected to garner US$ 150.96 million by 2031 to register 32.1% CAGR during 2023-2031.

By country, the Middle East & Africa cloud infrastructure entitlements management (CIEM) market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 43.6% share of Middle East & Africa cloud infrastructure entitlements management (CIEM) market in 2023. It was assessed at US$ 28.40 million in 2023 and is likely to hit US$ 370.26 million by 2031, registering a CAGR of 37.9% during 2023-2031.

Key players operating in the Middle East & Africa cloud infrastructure entitlements management (CIEM) market are Microsoft Corp, Palo Alto Networks Inc, CrowdStrike Holdings Inc, CyberArk Software Ltd., One Identity LLC., Radware Ltd, Zscaler Inc, Tenable Holdings Inc, Check Point Software Technologies Ltd, and BeyondTrust Corporation among others.

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