No. of Pages: 132 | Report Code: BMIRE00031195 | Category: Technology, Media and Telecommunications
The South & Central America cloud infrastructure entitlements management (CIEM) market was valued at US$ 37.20 million in 2023 and is expected to reach US$ 367.04 million by 2031; it is estimated to register a CAGR of 33.1% from 2023 to 2031.
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.
Brazil is one of the largest economies in South and Central America, and the country's government is increasingly taking steps toward a digital future. In the current digital scenario, CIEM solutions are becoming increasingly important due to the growing concerns about cybersecurity. Many businesses, especially those dealing with sensitive data or financial transactions over cloud services, are implementing CIEM solutions to protect their systems and customers from data breaches. Regulatory bodies such as the Brazilian General Data Protection Law (LGPD) emphasize the importance of implementing adequate security measures to safeguard personal and sensitive information, which is likely to benefit the CIEM solutions market in the country.
The South & Central America cloud infrastructure entitlements management (CIEM) market is categorized into component, organization size, vertical, and country.
Based on component, the South & Central 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 South & Central 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 South & Central 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 South & Central America cloud infrastructure entitlements management (CIEM) market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America cloud infrastructure entitlements management (CIEM) market share in 2023.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 37.20 Million |
| Market Size by 2031 | US$ 367.04 Million |
| Global CAGR (2023 - 2031) | 33.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | South and Central 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 South & Central America Cloud Infrastructure Entitlements Management (CIEM) Market is valued at US$ 37.20 Million in 2023, it is projected to reach US$ 367.04 Million by 2031.
As per our report South & Central America Cloud Infrastructure Entitlements Management (CIEM) Market, the market size is valued at US$ 37.20 Million in 2023, projecting it to reach US$ 367.04 Million by 2031. This translates to a CAGR of approximately 33.1% during the forecast period.
The South & Central 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 South & Central America Cloud Infrastructure Entitlements Management (CIEM) Market report:
The South & Central 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 South & Central America Cloud Infrastructure Entitlements Management (CIEM) Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Cloud Infrastructure Entitlements Management (CIEM) Market value chain can benefit from the information contained in a comprehensive market report.
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