Product Code: BMIRE00031193
The Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) market was valued at approximately US$ 235.43 million in 2023 and is projected to grow significantly, reaching around US$ 3,570.34 million by 2031. This growth represents a remarkable compound annual growth rate (CAGR) of 40.5% from 2023 to 2031.
Growth Drivers in the CIEM Market
The increasing adoption of cloud-based deployment models is a primary driver for the growth of the CIEM market in the Asia Pacific region. Organizations globally are increasingly recognizing cloud services as a viable IT deployment strategy. The flexibility and enhanced data security offered by cloud platforms are among the key reasons for this trend. Many businesses have transitioned to one or more cloud services, encouraging others to follow suit in order to maintain a competitive edge. Currently, about two-thirds of global end users are utilizing cloud services, which is expected to expand further in the coming years. Cloud service providers are strategically positioned to enhance their global presence while continuing to innovate and lead commercially.
Significant investments in cloud technologies have also been observed. For instance, in September 2021, Qovery, a cloud deployment service, secured US$ 4 million in funding to support the Google Cloud Platform. Similarly, RunX raised US$ 4.1 million in the same month to simplify cloud infrastructure deployment for developers. Additionally, Google LLC's acquisition of Elastifile in July 2019 aimed to bolster its enterprise cloud storage capabilities, further illustrating the momentum in cloud technology investments. These developments collectively contribute to the growth of the CIEM market.
Overview of the Asia Pacific CIEM Market
China stands out as a rapidly expanding cloud market within the Asia Pacific region. The Chinese government has been actively promoting digital transformation across various traditional sectors, particularly through initiatives like the 14th Five Year Plan (14th FYP). This governmental support is driving increased cloud adoption, as businesses in China seek to establish organized, efficient, and stable cloud environments. The large-scale utilization of cloud computing in China is expected to significantly enhance the demand for CIEM solutions and services in the near future.
Market Segmentation Analysis
The Asia Pacific CIEM market can be segmented based on components, organization size, verticals, and countries:
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 larger market share in 2023.
3. By Vertical: The market is segmented into various sectors including IT and telecom, healthcare, manufacturing, banking, financial services, and insurance (BFSI), retail and e-commerce, among others. The manufacturing sector held the largest market share in 2023.
4. By Country: The market is further divided into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific, with China leading the market share in 2023.
Key Players in the CIEM Market
Several prominent companies are actively involved in the Asia Pacific 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 and services, contributing to the overall growth and development of the market in the Asia Pacific region.
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. Asia Pacific 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. Asia Pacific 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. Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Analysis
- 6.1 Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Revenue (US$ Million), 2021-2031
- 6.2 Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Forecast Analysis
7. Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Component
- 7.1 Solution
- 7.1.1 Overview
- 7.1.2 Solution: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.2 Services
- 7.2.1 Overview
- 7.2.2 Services: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
8. Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Organization Size
- 8.1 Large Enterprises
- 8.1.1 Overview
- 8.1.2 Large Enterprises: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 8.2 SMEs
- 8.2.1 Overview
- 8.2.2 SMEs: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
9. Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Vertical
- 9.1 IT and Telecom
- 9.1.1 Overview
- 9.1.2 IT and Telecom: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.2 Healthcare
- 9.2.1 Overview
- 9.2.2 Healthcare: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.3 Manufacturing
- 9.3.1 Overview
- 9.3.2 Manufacturing: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.4 BFSI
- 9.4.1 Overview
- 9.4.2 BFSI: Asia Pacific 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: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
10. Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Country Analysis
- 10.1 Asia Pacific
- 10.1.1 Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast Analysis - by Country
- 10.1.1.1 Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast Analysis - by Country
- 10.1.1.2 China: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.1.1.2.1 China: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
- 10.1.1.2.2 China: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
- 10.1.1.2.3 China: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
- 10.1.1.3 Japan: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.1.1.3.1 Japan: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
- 10.1.1.3.2 Japan: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
- 10.1.1.3.3 Japan: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
- 10.1.1.4 India: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.1.1.4.1 India: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
- 10.1.1.4.2 India: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
- 10.1.1.4.3 India: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
- 10.1.1.5 South Korea: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.1.1.5.1 South Korea: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
- 10.1.1.5.2 South Korea: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
- 10.1.1.5.3 South Korea: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
- 10.1.1.6 Australia: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.1.1.6.1 Australia: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
- 10.1.1.6.2 Australia: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
- 10.1.1.6.3 Australia: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
- 10.1.1.7 Rest of Asia Pacific: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 10.1.1.7.1 Rest of Asia Pacific: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
- 10.1.1.7.2 Rest of Asia Pacific: Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
- 10.1.1.7.3 Rest of Asia Pacific: Asia Pacific 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 CrowdStrike Holdings Inc
- 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 CyberArk Software Ltd.
- 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 One Identity LLC.
- 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 Radware Ltd
- 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 Zscaler Inc
- 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 Tenable Holdings 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 Check Point Software Technologies Ltd
- 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 BeyondTrust Corporation
- 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