Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

The cloud infrastructure entitlements management (CIEM) market in the Middle East and Africa was valued at approximately $65.07 million in 2023 and is projected to grow significantly, reaching around $750.93 million by 2031. This growth represents a remarkable compound annual growth rate (CAGR) of 35.8% from 2023 to 2031.

Rising Cybersecurity Threats Fuel CIEM Market Growth

The rapid adoption of cloud computing by major players like Amazon, Google, and Microsoft has transformed how businesses manage, store, and share data. However, this digital shift has also made organizations more susceptible to cyber threats. As companies increasingly migrate to cloud environments, cybercriminals exploit vulnerabilities, leading to data breaches and other security incidents.

Data stored in the cloud is often more exposed than that on traditional on-premises servers, with common vulnerabilities including misconfigurations, compromised user accounts, API weaknesses, and insider threats. The frequency of cyberattacks targeting cloud platforms has surged, with cloud-based attacks accounting for 20% of all cyber incidents in 2020, making it the third most targeted environment for cyberattacks. A notable incident occurred in January 2020 when Microsoft disclosed a breach of one of its cloud databases, exposing 250 million records, including sensitive information.

According to a Check Point report, cloud-based cyberattacks increased by 48% year-on-year in 2022. A survey by Thales Cloud Security involving around 3,000 IT and security professionals across 18 countries revealed that 39% of businesses experienced a data breach in their cloud environments in 2022. Furthermore, the 2022 State of Cloud Security Report by Snyk indicated that 45% of breaches were cloud-related, with 80% of surveyed companies reporting at least one cloud security incident in 2021. The financial repercussions of these breaches can be severe, leading to reputational damage, operational downtime, compliance penalties, and legal costs. Notably, breaches in public cloud environments tend to be more costly than those in hybrid setups. As cloud adoption continues to rise, so too does the complexity of securing these environments, underscoring the necessity for robust security measures like CIEM.

Overview of the CIEM Market in the Middle East & Africa

In March 2024, the UAE Cyber Security Council, in collaboration with CPX Holding, released the State of the UAE - Cybersecurity Report 2024. This report highlighted the urgent need for advanced cybersecurity solutions in response to the evolving cyber threat landscape in the UAE. The increasing frequency of cyberattacks has driven demand for CIEM solutions, prompting global cybersecurity firms to expand their operations in the region. For instance, at GISEC 2024, CyberArk announced the launch of its CyberArk Identity Security Platform, which aims to enhance identity security for various sectors, including finance, telecommunications, and energy, as well as cloud-native businesses in the UAE.

Market Segmentation Analysis

The CIEM market in the Middle East and Africa is segmented by component, organization size, vertical, and country.

• By Component: The market is divided into solutions and services, with the solutions segment holding a larger share in 2023.
• By Organization Size: The market is categorized into large enterprises and small to medium-sized enterprises (SMEs), with large enterprises dominating the market share in 2023.
• By Vertical: The market includes sectors such as IT and telecom, healthcare, manufacturing, banking, financial services, insurance (BFSI), retail and e-commerce, among others. The 'others' segment captured the largest market share in 2023.
• By Country: The market is segmented into the UAE, Saudi Arabia, South Africa, and the rest of the Middle East and Africa, with the UAE leading the market share in 2023.

Key Players in the CIEM Market

Prominent companies in the CIEM market include 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. These companies are at the forefront of providing innovative CIEM solutions to address the growing cybersecurity challenges faced by organizations in the cloud.

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