The Latin America, Middle East and Africa Cloud Infrastructure Entitlement Management Market would witness market growth of 46.8% CAGR during the forecast period (2023-2030).
Organizations are becoming increasingly more conscious of how crucial it is to manage entitlements and rights in their cloud systems efficiently. Privileged access management, granular access controls, and continuous monitoring are all capabilities of CIEM solutions, which are quickly becoming a crucial part of cloud security strategy. Businesses are moving away from perimeter-based security strategies and toward a Zero Trust strategy that emphasizes authenticating and validating each user, device, as well as application, independent of their network or location.
By ensuring the least privileged access while constantly watching user behavior, CIEM systems play a significant part in implementing zero-trust principles. Increased cloud adoption and cyber threats along with the requirement to manage and monitor dynamic, complex multi-cloud systems are some drivers driving the CIEM market's expansion. CIEM is in high demand in various industries, including BFSI, healthcare, IT, and ITeS.
The Saudi Arabian Ministry of Health's Vision Realization Office runs one of the most crucial transformation programs focusing on digital health. The program aims to increase healthcare value and promote overall health by offering better medical services. In order to accomplish these objectives in line with the strategic aims of the Kingdom's Vision 2030, the Ministry of Health has endeavored to build a clear and concise strategy. Full functionality and increased interoperability are provided by the digital health plan. Hence, the rising investments in digital health care and healthcare IT are aiding in the higher use of cloud services, necessitating security solutions. Therefore, the regional market will expand in the coming years owing to all these factors.
The Brazil market dominated the LAMEA Cloud Infrastructure Entitlement Management Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $275.5 Million by 2030. The Argentina market is estimated to grow at a CAGR of 47.6% during (2023 - 2030). Additionally, The UAE market would display a CAGR of 46.4% during (2023 - 2030).
Based on Offering, the market is segmented into Solution and Professional Services. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Retail & eCommerce, Healthcare, Telecommunications and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Cloud Infrastructure Entitlement Management Market is Projected to reach USD 15.7 Billion by 2030, at a CAGR of 42.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, CyberArk Software Ltd., Palo Alto Networks, Inc., Check Point Software Technologies Ltd., BeyondTrust Corporation, Rapid7, Inc., NextLabs, Inc., Radware Ltd., EmpowerID, Inc., and One Identity LLC (Quest Software, Inc.)
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