Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Forecast to 2031 - Regional Analysis - by Component (Solution and Services), Organization Size (Large Enterprises and SMEs), and Vertical (IT and Telecom, Healthcare, Manufacturing, B

The Asia Pacific cloud infrastructure entitlements management (CIEM) market was valued at US$ 235.43 million in 2023 and is expected to reach US$ 3,570.34 million by 2031; it is estimated to register a CAGR of 40.5% from 2023 to 2031.

Increasing Adoption of Cloud-Based Deployment Models Boosts Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market

The majority of organizations worldwide accept cloud services as a viable IT deployment model. The most popular rationale for cloud adoption continues to be the flexibility and data security of the cloud as a delivery platform. Many businesses have already migrated to one or more cloud services, influencing others to adopt the cloud to gain a competitive advantage. The cloud is recognized as a credible deployment model within an organization's IT strategy, with two-thirds of global end users utilizing a cloud service in order to expand their footprint in the coming years. Cloud service providers are well-positioned to expand their global footprint while maintaining innovation and commercial leadership. There were several investments in cloud technologies. In September 2021, Qovery, the cloud deployment service, raised US$ 4 million in funding and intended to support the Google Cloud Platform. In September 2021, RunX raised US$ 4.1 million to make cloud infrastructure deployment easier for developers. In July 2019, Google LLC acquired Elastifile, an enterprise cloud storage provider, to expand its cloud-based file storage capabilities for enterprise-grade applications. The former company's current file storage offerings, third-party partner offerings, and Cloud Filestore were all extended due to this acquisition. Thus, the increasing adoption of cloud-based deployment models fuels the cloud infrastructure entitlements management market growth.

Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Overview

China has a vast and rapidly growing cloud market. Government support for digital transformation has led to increased cloud adoption in more traditional sectors in the country. For example, through the 14th Five Year Plan (14th FYP), the government of China is prompting the digital transformation of Chinese industries. Chinese businesses aim to get a well-organized, simple, and stable cloud environment. Users in China are focused on utilizing cloud computing on a large scale. Thus, the significant potential in the Chinese cloud market is likely to boost the adoption of cloud infrastructure entitlements management solutions and services in the coming years.

Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Cloud Infrastructure Entitlements Management (CIEM) Market Segmentation

The Asia Pacific cloud infrastructure entitlements management (CIEM) market is categorized into component, organization size, vertical, and country.

Based on component, the Asia Pacific cloud infrastructure entitlements management (CIEM) market is bifurcated into solution and services. The solution segment held a larger market share in 2023.

In terms of organization size, the Asia Pacific cloud infrastructure entitlements management (CIEM) market is bifurcated into large enterprises and SMEs. The large enterprises segment held a larger market share in 2023.

By vertical, the Asia Pacific cloud infrastructure entitlements management (CIEM) market is segmented into IT and telecom, healthcare, manufacturing, BFSI, retail and ecommerce, and others. The manufacturing segment held the largest market share in 2023.

By country, the Asia Pacific cloud infrastructure entitlements management (CIEM) market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific cloud infrastructure entitlements management (CIEM) market share in 2023.

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 are some of the leading companies operating in the Asia Pacific cloud infrastructure entitlements management (CIEM) market.

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