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$ 3.57 billion by 2031. This growth represents a remarkable compound annual growth rate (CAGR) of 40.5% from 2023 to 2031.
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.
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.
Reasons to Buy
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
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific cloud infrastructure entitlements management (CIEM) market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific cloud infrastructure entitlements management (CIEM) market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific cloud infrastructure entitlements management (CIEM) market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Landscape
5. Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Key Market Dynamics
6. Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Analysis
7. Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Component
8. Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Organization Size
9. Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Vertical
10. Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market - Country Analysis
11. Competitive Landscape
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the Asia Pacific Cloud Infrastructure Entitlements Management (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
- BeyondTrust Corporation
