No. of Pages: 137 | Report Code: BMIRE00031191 | Category: Technology, Media and Telecommunications
The North America cloud infrastructure entitlements management (CIEM) market was valued at US$ 386.87 million in 2023 and is expected to reach US$ 5,466.69 million by 2031; it is estimated to register a CAGR of 39.2% from 2023 to 2031.
With advancements in cloud computing and increased demand for hybrid and multi-cloud environments, the IT landscape will continue to shift and evolve. Hybrid cloud refers to the combination of public cloud and on-premises infrastructure. Multi-cloud computing, on the other hand, is the use of multiple public cloud providers. The increasing adoption of hybrid and multi-cloud solutions is expected to be a significant trend in the IT industry. These strategies offer several benefits that can help businesses improve their flexibility, resilience, scalability, and cost savings. In the past few years, the adoption of hybrid and multi-cloud infrastructure has accelerated exponentially. A recent survey by Dataversity Digital LLC suggested that 98% of companies on the public cloud have already planned to switch to a multi-cloud architecture. Furthermore, according to the 2022 Global Hybrid Cloud Trends Report, 82% of organizations have adopted a hybrid cloud. In the coming years, more companies are likely to shift toward hybrid and multi-cloud environments. CIEM plays a pivotal role in hybrid and multi-cloud environments, providing centralized visible control and enhanced security. Thus, the adoption of hybrid and multi-cloud solutions is likely to be a key trend for the cloud infrastructure entitlements management market.
The ongoing expansion of wireless connectivity and the increasing use of connected and IoT-enabled devices bolster the demand for efficient computing frameworks and services based on the latest innovative technologies. Favorable government policies, the presence of major cloud vendors, and the availability of robust internet infrastructure are the primary factors contributing to the market growth in the US. According to the US Federal Cloud Computing Strategy, the government implemented the "CloudFirst" policy to accelerate the adoption rate of cloud solutions and services in the country. Moreover, the extended reach of the internet in recent years has been propelling the demand for cloud solutions and services. Such favorable conditions have helped US-based companies maintain a strong presence in international markets by expanding their businesses through partnerships with other cloud service providers.
The North America cloud infrastructure entitlements management (CIEM) market is categorized into component, organization size, vertical, and country.
Based on component, the North America cloud infrastructure entitlements management (CIEM) market is bifurcated into solution and services. The solution segment held a larger market share in 2023.
In terms of organization size, the North America cloud infrastructure entitlements management (CIEM) market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger market share in 2023.
By vertical, the North America cloud infrastructure entitlements management (CIEM) market is segmented into IT and telecom, healthcare, manufacturing, BFSI, retail and ecommerce, and others. The IT and telecom segment held the largest market share in 2023.
By country, the North America cloud infrastructure entitlements management (CIEM) market is segmented into the US, Canada, and Mexico. The US dominated the North America cloud infrastructure entitlements management (CIEM) market share in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 386.87 Million |
| Market Size by 2031 | US$ 5,466.69 Million |
| Global CAGR (2023 - 2031) | 39.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
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 are some of the leading companies operating in the cloud infrastructure entitlements management (CIEM) market.
The North America Cloud Infrastructure Entitlements Management (CIEM) Market is valued at US$ 386.87 Million in 2023, it is projected to reach US$ 5,466.69 Million by 2031.
As per our report North America Cloud Infrastructure Entitlements Management (CIEM) Market, the market size is valued at US$ 386.87 Million in 2023, projecting it to reach US$ 5,466.69 Million by 2031. This translates to a CAGR of approximately 39.2% during the forecast period.
The North America Cloud Infrastructure Entitlements Management (CIEM) Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Cloud Infrastructure Entitlements Management (CIEM) Market report:
The North America Cloud Infrastructure Entitlements Management (CIEM) Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Cloud Infrastructure Entitlements Management (CIEM) Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Cloud Infrastructure Entitlements Management (CIEM) Market value chain can benefit from the information contained in a comprehensive market report.
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