North America Cloud Infrastructure Entitlements Management (CIEM) Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

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 $5.46 billion 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.

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