Cloud Infrastructure Entitlement Management Market

Cloud Infrastructure Entitlement Management Market Outlook

The cloud infrastructure entitlement management market is valued at USD 1.2 billion in 2024 and is projected to reach USD 46.7 billion by 2034, exhibiting an outstanding CAGR of 44.5% over the forecast period.

Key Market Drivers:

The cloud infrastructure entitlement management market generated an estimated revenue of USD 0.2 billion in 2019. In the span of four years, the market grew at a pace of 48.40% CAGR and added revenue of USD 0.6 billion. Several reasons can be attributed to this growth:

• The widespread adoption of cloud computing across industries due to the heightened need for effective management of user entitlements to ensure security, compliance, and efficient resource utilization
• Growing volume of sensitive data being stored and processed in the cloud and the increasing concern of organizations about data security and compliance with regulations such as GDPR, HIPAA, and others.
• Centralized control and visibility provided by entitlement management solutions helping organizations manage access rights and permissions consistently across their entire cloud ecosystem.
• Effective entitlement management, allowing organizations to provision resources more efficiently, eliminate unnecessary access privileges, and enforce policies to prevent over-provisioning, ultimately leading to cost savings
• Entitlement management solutions, playing a key role in ensuring that only authorized users have access to sensitive data and resources, and that access rights are granted based on predefined policies and roles.
• Growing cyber threats such as data breaches, insider threats, and ransomware attacks, organizations are under pressure to strengthen their security posture
• The shift towards remote work arrangements, due to the COVID-19 pandemic, increasing the reliance on cloud-based collaboration tools and applications.
• Advances in technology, such as artificial intelligence, machine learning, and identity analytics, enabling the development of more sophisticated entitlement management solutions

Attributes	Key Statistics
Expected Base Year Value (2024)	USD 1.20 billion
Anticipated Forecast Value (2034)	USD 46.70 billion
Estimated Growth (2024 to 2034)	44.50% CAGR

Consumption Analysis of the Cloud Infrastructure Entitlement Management Market

• Large and medium-sized enterprises across various industries are increasingly adopting cloud infrastructure entitlement management to manage access rights and permissions for their employees, partners, and customers
• The sales of cloud infrastructure entitlement management are also growing among government agencies at the local, state, and federal levels. These companies use management solutions to secure access to sensitive data and critical infrastructure hosted in the cloud.
• Cloud infrastructure entitlement management is also experiencing increasing demand from banks, insurance companies, and other financial institutions to ensure compliance with regulations such as PCI DSS and safeguard sensitive financial information stored in the cloud
• Hospitals, clinics, and healthcare providers rely on entitlement management solutions to protect electronic health records (EHRs), comply with HIPAA regulations, and control access to patient information in cloud-based systems
• The growing adoption of cloud infrastructure entitlement management is also observed in universities, colleges, and schools to manage access to educational resources, student data, and administrative systems hosted in the cloud.
• The sales of cloud infrastructure entitlement management are also touching the skies among software companies, SaaS providers, and technology firms to enforce access controls, protect intellectual property

Restraining Factors Adversely Affecting the Cloud Infrastructure Entitlement Management Market

The cloud infrastructure entitlement management market is anticipated to surpass a global valuation of USD 46.70 billion by the year 2034, with a growth rate of 44.50% CAGR. While the market is expected to experience remarkable growth, several restraining factors could adversely affect its development:

• The complexity of implementing and integrating entitlement management solutions into existing IT infrastructures is a significant barrier for organizations with limited resources and expertise
• The upfront costs associated with installing cloud infrastructure entitlement management solutions coupled with maintenance and subscription fees are also keeping a substantial amount of potential consumers away from the market
• There is still limited to no awareness about the benefits of entitlement management in cloud environments among businesses and IT professionals. This is also significantly contributing to the negative market growth.

Category-wise Insights

Cloud Infrastructure Entitlement Management Solutions to Gain Momentum in the Future

Depending on the offerings, the cloud infrastructure entitlement management market is bifurcated into solutions and professional services. The services segment is anticipated to grow at a remarkable CAGR of 44.30%.

• The demand for cloud infrastructure entitlement management solutions is very likely to follow an upward trajectory as businesses continue to migrate their operations to the cloud to ensure that only authorized users have access to sensitive data.
• With the proliferation of hybrid and multi-cloud environments, the demand for cloud infrastructure entitlement management continues to rise as they offer centralized management and visibility, helping organizations maintain security and compliance across their entire IT ecosystem
• Increasing cyber threats are also pushing organizations to protect their data and assets. This also amplifies the market growth for cloud infrastructure entitlement management solutions as it plays a critical role in enforcing access controls, detecting unauthorized activities

Attributes	Details
Offerings	Solutions
CAGR	44.30%

Cloud Infrastructure Entitlement Management Solutions Finds Its Place in the Global BFSI Sector

The cloud infrastructure entitlement management market is categorized by vertical into BFSI, IT and IteS, retail and ecommerce, healthcare, telecommunications, etc. The BFSI sector dominates the market and is anticipated to grow at an outstanding CAGR of 44.10%.

• The demand for cloud infrastructure entitlement management solutions is growing in the BFSI sector as it provides robust access controls, authentication mechanisms, and audit trails to ensure data security.
• The BFSI sector is a prime target for cyber-attacks due to the potential financial gain. Cloud infrastructure entitlement management solutions help mitigate cyber threats safeguarding critical assets and customer information.

Attributes	Details
Vertical	BFSI
CAGR	44.10%

Country-wise Insights

The section provides an analysis of the cloud infrastructure entitlement management market by country, including Japan, China, the United States, South Korea, and the United Kingdom. The table presents the CAGR for each country, indicating the expected growth of the market in that country through 2034.

Countries	CAGR
South Korea	46.20%
China	46.00%
The United Kingdom	45.40%
Japan	45.30%
The United States	44.70%

Cloud Infrastructure Entitlement Management Market in Japan

Japan, too, leads the global cloud infrastructure entitlement management market. Over the next ten years, the Japanese demand for cloud infrastructure entitlement management is projected to rise at a 45.30% CAGR.

• The Japanese government, in the last few years, has been actively promoting cloud computing to push digital transformation.
• Support in the form of subsidies and tax breaks has brought a considerable amount of companies to the market, driving widespread adoption across the country.

Cloud Infrastructure Entitlement Management Market in South Korea

South Korea is one of the leading countries in this market. The South Korean cloud infrastructure entitlement management market is anticipated to retain its dominance by progressing at an annual growth rate of 46.20% till 2034.

• There have been rising incidences of cyber-attacks and information breaches among large businesses and corporations in the country. Over the period of time, the attacks have also become more sophisticated and intricate.
• This is pushing businesses and companies to turn toward cloud infrastructure entitlement management solutions to help mitigate security risks by enforcing access controls, detecting unauthorized activities, and protecting sensitive data stored in the cloud.

Cloud Infrastructure Entitlement Management Market in the United Kingdom

The United Kingdom also dominates the cloud infrastructure entitlement management market. The UK cloud infrastructure entitlement management market is anticipated to retain its dominance by progressing at an annual growth rate of 45.40% till 2034.

• The United Kingdom has strict data regulation norms in the form of the General Data Protection Regulation (GDPR) which mandates stern controls over access to personal data.
• The demand for cloud infrastructure entitlement management solutions is touching the skies as it helps UK businesses fulfill these regulations by enforcing access controls, managing user permissions, and ensuring data privacy and security.

Cloud Infrastructure Entitlement Management Market in China

China, too, dominates the cloud infrastructure entitlement management market in the international marketplace. The Chinese cloud infrastructure entitlement management market is anticipated to exhibit an annual growth rate of 46.00% till 2034.

• China has been going through a period of rapid transformations in finance, retail, and manufacturing industries, creating a growing need for robust security and access control measures.
• Cloud infrastructure entitlement management solutions help Chinese businesses address security challenges associated with digitalization, aiding market growth.

Cloud Infrastructure Entitlement Management Market in the United States

The United States is also one of the leading countries in the global cloud infrastructure entitlement management market, which is anticipated to register a CAGR of 44.70% through 2034.

• The United States is home to some of the major software companies, such as Meta, Google, and Microsoft. These companies are relying heavily on entitlement management solutions as they are migrating their operations to the cloud.
• The demand for cloud infrastructure entitlement management solution in the country is also rising to secure access to cloud resources and protect sensitive data increases

Competitive Landscape

The global market for cloud infrastructure entitlement management is very competitive and consists of companies that cater to both, public as well as private entities. Some of the prominent companies in this market include Microsoft Corporation, CyberArk Software Ltd., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., BeyondTrust Corporation, etc.

These companies are investing heavily in research and development to continuously innovate and enhance their cloud infrastructure entitlement management solutions.

Recent Developments

• In December 2023, CyberArk was announced as an Overall Leader in the KuppingerCole Analysts AG 2023 'Leadership Compass: Cloud Infrastructure Entitlement Management (CIEM)' report. The recognition was attributed to CyberArk's Identity Security Platform and its innovative cloud security solutions.
• In February 2023, Teleport unveiled its Identity Governance and Security product at the Teleport Connect 2023 conference. The tool, aimed at securing cloud infrastructure access, mapped access points and identities across various environments and applications, aiming to streamline security measures and reduce attack response times.
• In June 2023, Lacework unveiled its new Cloud Infrastructure Entitlement Management (CIEM) solution, leveraging machine learning to identify high-risk identities. The offering merged with existing capabilities, bolstering Lacework's cloud security suite and enhancing visibility into cloud identities.

Key Companies in the Market

• Okta
• Microsoft (Azure Active Directory)
• IBM (IBM Cloud Identity)
• Oracle (Oracle Identity Cloud Service)
• Google (Google Cloud Identity)
• Ping Identity
• SailPoint
• CyberArk
• RSA Security
• BeyondTrust
• Broadcom (Symantec)
• OneLogin
• ForgeRock
• Centrify
• Idaptive
• Cisco (Cisco Secure Identity Service)
• Proofpoint (formerly ObserveIT)
• Netskope
• Thycotic
• Avatier

Key Coverage in the Cloud Infrastructure Entitlement Management Industry Report

• Global Cloud Infrastructure Entitlement Management Vendors
• Cloud Infrastructure Entitlement Management in South Korea
• Adoption of Cloud Infrastructure Entitlement Management in Corporations
• Analysis of the Advantages of Cloud Infrastructure Entitlement Management
• Ongoing Trends in the Cloud Infrastructure Entitlement Management Market
• Overview of Cloud Infrastructure Entitlement Management Services in Europe

Cloud Infrastructure Entitlement Management Market by Segmentation

By Offering:

• Solution
• Professional Services

By Vertical:

• BFSI
• IT & ITeS
• Retail & eCommerce
• Healthcare
• Telecommunications
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa (MEA)
• Europe

Frequently Asked Questions

How much is the cloud infrastructure entitlement management market currently worth?

The global cloud infrastructure entitlement management market is expected to be worth USD 1.20 billion by 2024.

What is the sales forecast for Cloud infrastructure entitlement management through 2034?

The market for cloud infrastructure entitlement management is expected to reach USD 46.70 billion by 2034.

At what rate is the cloud infrastructure entitlement management market growing across the world?

The cloud infrastructure entitlement management market is growing at a CAGR of 44.50% from 2024 to 2034.

Who are the key manufacturing companies for Cloud infrastructure entitlement management?

Microsoft Corporation, CyberArk Software Ltd., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., BeyondTrust Corporation, etc. are some of the major players in the market for cloud infrastructure entitlement managements.

What was the overall global value of the cloud infrastructure entitlement management market in 2023?

The global valuation for the cloud infrastructure entitlement management market in 2023 was USD 800 million.