According to a new report, published by KBV research, The Global Cloud Infrastructure Entitlement Management Market size is expected to reach $15.7 billion by 2030, rising at a market growth of 42.8% CAGR during the forecast period.
The Professional Services segment is showcasing a CAGR of 44.1% during (2023 - 2030). The deployment and implementation of CIEM systems within an organization depend heavily on services. Due to the fact that they assist with regular business operations, professional services are regarded as a vital component of services. There is a need for all-encompassing standards-based security services and solutions at this time because cyberattacks are becoming more frequent. When adopting and implementing CIEM solutions in an organization, expert services are essential.
The BFSI segment is leading the Global Cloud Infrastructure Entitlement Management Market by Vertical in 2022 thereby, achieving a market value of $3.2 billion by 2030. Banks and other financial institutions have adopted contemporary methods of conducting financial transactions. The BFSI business is changing significantly due to cloud technology. Utilizing a constantly accessible and effective network is made possible for BFSI firms by cloud services. Businesses in the BFSI industry are eliminating the expensive capital expenditures associated with operating and maintaining sophisticated on-site IT facilities.
The North America market dominated the Global Cloud Infrastructure Entitlement Management Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.8 billion by 2030. The Europe market is poised to grow at a CAGR of 42.2% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 43.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/cloud-infrastructure-entitlement-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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