Cloud Infrastructure Entitlement Management Market Analysis

The solution segment held over 60% of the cloud infrastructure entitlement management market share in 2022. The solution segment encompasses a wide array of CIEM solutions provided by various vendors to cater to the diverse needs of organizations in managing entitlements and access controls in their cloud environments. The availability of different CIEM solutions gives organizations the flexibility to choose the one that best fits their specific requirements, leading to increased product adoption.

The BFSI segment accounted for 18% of the cloud infrastructure entitlement management market share in 2022 and is poised to expand at 35% CAGR through 2032. Banks & financial institutions have adopted modern methods for conducting financial transactions, and one such method is shifting BFSI operations to the cloud. Cloud services allow BFSI organizations to benefit from a highly available & efficient network and save significant capital costs of running & maintaining complex on-site IT facilities. Owing to cloud adoption, the high upfront costs of procuring hardware are also eliminated. Banks can employ CIEM providers to define and enforce access policies across their cloud infrastructure.

North America is the dominant region in the global CIEM market with a share of over 45% in 2022. North America, particularly the U.S., is a major hub for cloud adoption and technology innovation, driving the need for robust entitlement management solutions. Organizations in the region are rapidly adopting cloud services and migrating their workloads to the cloud. This shift is driven by the scalability, flexibility, and cost-efficiency offered by cloud computing. As organizations embrace the cloud, there is a heightened need for effective management and control of user entitlements to ensure secure & compliant access to cloud resources.