Product Code: BMIRE00031191
The North American Cloud Infrastructure Entitlements Management (CIEM) market was valued at approximately $386.87 million in 2023 and is projected to grow significantly, reaching around $5,466.69 million by 2031. This growth represents a remarkable compound annual growth rate (CAGR) of 39.2% from 2023 to 2031.
Drivers of CIEM Market Growth
The surge in the CIEM market is largely driven by the increasing adoption of hybrid and multi-cloud solutions. As organizations continue to embrace cloud computing, the demand for hybrid cloud-which combines public cloud services with on-premises infrastructure-and multi-cloud strategies, which involve utilizing multiple public cloud providers, is on the rise. These approaches provide businesses with enhanced flexibility, resilience, scalability, and cost efficiency. Recent surveys indicate that a staggering 98% of companies utilizing public cloud services are planning to transition to a multi-cloud architecture. Additionally, the 2022 Global Hybrid Cloud Trends Report revealed that 82% of organizations have already adopted hybrid cloud solutions. This trend is expected to continue, with more companies moving towards hybrid and multi-cloud environments.
CIEM is crucial in these settings, offering centralized visibility and control over cloud entitlements, which enhances security and compliance. As hybrid and multi-cloud strategies become more prevalent, the demand for CIEM solutions is anticipated to grow significantly.
Overview of the North American CIEM Market
The North American CIEM market is bolstered by several factors, including the expansion of wireless connectivity and the increasing prevalence of connected devices and IoT technologies. Favorable government initiatives, the presence of major cloud service providers, and robust internet infrastructure are key contributors to market growth in the United States. The U.S. Federal Cloud Computing Strategy, which includes the "Cloud First" policy, aims to accelerate the adoption of cloud solutions across government and private sectors. Furthermore, the widespread availability of internet services has increased the demand for cloud-based solutions, enabling U.S. companies to strengthen their international presence through partnerships with other cloud service providers.
Market Segmentation Analysis
The North American CIEM market can be segmented based on components, organization size, industry verticals, and geographical regions:
1. By Component: The market is divided into solutions and services, with the solutions segment holding a larger share in 2023.
2. By Organization Size: The market is categorized into large enterprises and small to medium-sized enterprises (SMEs), where large enterprises accounted for a significant portion of the market share in 2023.
3. By Vertical: The market is segmented into various industries, including IT and telecom, healthcare, manufacturing, banking, financial services, insurance (BFSI), retail and e-commerce, among others. The IT and telecom sector dominated the market in 2023.
4. By Country: The market is further divided into the U.S., Canada, and Mexico, with the U.S. leading the market share in 2023.
Key Players in the CIEM Market
Several prominent companies are active in the North American CIEM market, including:
- Microsoft Corporation
- 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.
- BeyondTrust Corporation
These companies are at the forefront of providing innovative CIEM solutions, helping organizations manage their cloud entitlements effectively and securely.
Conclusion
In summary, the North American CIEM market is poised for substantial growth, driven by the increasing adoption of hybrid and multi-cloud environments. As organizations seek to enhance their cloud security and management capabilities, CIEM solutions will play a vital role in supporting these transitions, ensuring that businesses can leverage the full potential of cloud technologies.
Table Of Contents
1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:
- 3.3 Assumptions and Limitations
4. North America Cloud Infrastructure Entitlements Management (CIEM) Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 List of Vendors in the Value Chain
5. North America Cloud Infrastructure Entitlements Management (CIEM) Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.2 Market Restraints
- 5.3 Market Opportunities
- 5.4 Future Trends
- 5.5 Impact of Drivers and Restraints:
6. North America Cloud Infrastructure Entitlements Management (CIEM) Market - Analysis
- 6.1 North America Cloud Infrastructure Entitlements Management (CIEM) Market Revenue (US$ Million), 2021-2031
- 6.2 North America Cloud Infrastructure Entitlements Management (CIEM) Market Forecast Analysis
7. North America Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Component
- 7.1 Solution
- 7.1.1 Overview
- 7.1.2 Solution: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.2 Services
- 7.2.1 Overview
- 7.2.2 Services: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
8. North America Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Organization Size
- 8.1 Large Enterprises
- 8.1.1 Overview
- 8.1.2 Large Enterprises: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.2 SMEs
- 8.2.1 Overview
- 8.2.2 SMEs: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
9. North America Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Vertical
- 9.1 IT and Telecom
- 9.1.1 Overview
- 9.1.2 IT and Telecom: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.2 Healthcare
- 9.2.1 Overview
- 9.2.2 Healthcare: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.3 Manufacturing
- 9.3.1 Overview
- 9.3.2 Manufacturing: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.4 BFSI
- 9.4.1 Overview
- 9.4.2 BFSI: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.5 Retail and eCommerce
- 9.5.1 Overview
- 9.5.2 Retail and eCommerce: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
10. North America Cloud Infrastructure Entitlements Management (CIEM) Market - Country Analysis
- 10.1 North America
- 10.1.1 North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast Analysis - by Country
- 10.1.1.1 North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast Analysis - by Country
- 10.1.1.2 United States: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.1.1.2.1 United States: North America Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
- 10.1.1.2.2 United States: North America Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
- 10.1.1.2.3 United States: North America Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
- 10.1.1.3 Canada: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.1.1.3.1 Canada: North America Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
- 10.1.1.3.2 Canada: North America Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
- 10.1.1.3.3 Canada: North America Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
- 10.1.1.4 Mexico: North America Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.1.1.4.1 Mexico: North America Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
- 10.1.1.4.2 Mexico: North America Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
- 10.1.1.4.3 Mexico: North America Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.2 Company Positioning and Concentration
12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 Partnerships and Collaborations
- 12.4 Other Developments
13. Company Profiles
- 13.1 Microsoft Corp
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Palo Alto Networks Inc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Check Point Software Technologies Ltd
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 CrowdStrike Holdings Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 CyberArk Software Ltd.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 One Identity LLC.
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Radware Ltd
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Zscaler Inc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 BeyondTrust Corporation
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Tenable Holdings Inc
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
14. Appendix
- 14.1 About Us
- 14.2 List of Abbreviations