Middle East & Africa Cloud Infrastructure Entitlements Management Market Forecast to 2031 - Regional Analysis - by Component, Organization Size, and Vertical

Description

List of Tables

The Middle East & Africa cloud infrastructure entitlements management (CIEM) market was valued at US$ 65.07 million in 2023 and is expected to reach US$ 750.93 million by 2031; it is estimated to register a CAGR of 35.8% from 2023 to 2031.

Rising Cloud-Based Cyberattacks Bolster Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market

The adoption of cloud computing has gained massive traction in recent years with key players such as Amazon, Google, and Microsoft. Cloud computing has altered how enterprises use, store, and share data and information. However, anything that operates digitally will inevitably become a target of cyber actors. The shift of organizations toward cloud computing has created new avenues for cybercriminals to exploit vulnerabilities, compromise data, and wreak havoc on organizations of all sizes. Data stored in the cloud environment is more vulnerable than data on on-site servers. Misconfiguration, compromised user accounts, API vulnerabilities, malicious insider activity, and others are among the major causes of cloud computing cyberattacks. In recent years, the number of attacks on cloud platforms has increased rapidly. Cloud-based cyberattacks accounted for 20% of all cyberattacks in 2020, making cloud-based platforms the third most-targeted cyber environment. In January 2020, Microsoft announced that one of its cloud databases was breached in December 2019, which resulted in the exposure of 250 million entries, including email addresses, IP addresses, and support case details.

According to the Check Point report, in 2022, cloud-based cyberattacks witnessed an increase of 48% year-on-year. In Thales Cloud Security survey of approximately 3,000 IT and security professionals across 18 countries in 2023 found that 39% of businesses experienced a data breach in their cloud environment in 2022. According to the 2022 State of Cloud Security Report by Snyk, 45% of breaches are cloud-based, 80% of the surveyed companies have experienced at least one cloud security incident in 2021, and 27% of enterprises have experienced a public cloud security incident in 2022, an increase of 10% from 2021. Such increased data breaches are expensive in terms of reputational damage, downtime, compliance fines, and legal fees. Public cloud breaches are more expensive than hybrid cloud breaches. As more people migrate to the cloud, the challenge of security will also increase. In such a scenario, it becomes necessary to protect enterprises from the sophisticated cyberattacks currently being targeted toward cloud data. Cloud infrastructure entitlement management (CIEM) is an automated cloud security solution that mitigates the risk of data breaches in public cloud environments by implementing cloud security. Thus, the rise in cloud-based cyberattacks propels the cloud infrastructure entitlements management market growth.

Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Overview

In March 2024, the UAE Cyber Security Council and CPX Holding, a leading provider of digital-first cybersecurity solutions and services, announced the release of the State of the UAE - Cybersecurity Report 2024. The report proposes an in-depth analysis of the cyber threat scenario facing the UAE, highlighting the critical need for advanced cybersecurity measures in response to the increasing complexity and sophistication of cyber threats. Thus, the need for security solutions to prevent cyberattacks fuels the demand for CIEM solutions in the country. In addition, due to the growing cyberattacks in the country, the global players are expanding their business. For example, in April 2024, at GISEC 2024, CyberArk announced the availability of CyberArk Identity Security Platform services. This will, in turn, support the adoption of other security solutions, such as CIEM. CyberArk assists customers throughout the UAE with their identity security objectives, including state-owned and large enterprise organizations in the financial services, telecommunications, and energy sectors, as well as cloud-native businesses.

Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Revenue and Forecast to 2031 (US$ Million)

Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Segmentation

The Middle East & Africa cloud infrastructure entitlements management (CIEM) market is categorized into component, organization size, vertical, and country.

Based on component, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa cloud infrastructure entitlements management (CIEM) market is segmented into IT and telecom, healthcare, manufacturing, BFSI, retail and ecommerce, and others. The others segment held the largest market share in 2023.

By country, the Middle East & Africa cloud infrastructure entitlements management (CIEM) market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa 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 Middle East & Africa cloud infrastructure entitlements management (CIEM) market.

Product Code: BMIRE00031194

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:
3.3 Assumptions and Limitations

4. Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 List of Vendors in the Value Chain

5. Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Key Market Dynamics

5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints:

6. Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Analysis

6.1 Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Revenue (US$ Million), 2021-2031
6.2 Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Forecast Analysis

7. Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Component

7.1 Solution
- 7.1.1 Overview
- 7.1.2 Solution: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Services
- 7.2.1 Overview
- 7.2.2 Services: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Organization Size

8.1 Large Enterprises
- 8.1.1 Overview
- 8.1.2 Large Enterprises: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 SMEs
- 8.2.1 Overview
- 8.2.2 SMEs: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Vertical

9.1 IT and Telecom
- 9.1.1 Overview
- 9.1.2 IT and Telecom: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Healthcare
- 9.2.1 Overview
- 9.2.2 Healthcare: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.3 Manufacturing
- 9.3.1 Overview
- 9.3.2 Manufacturing: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.4 BFSI
- 9.4.1 Overview
- 9.4.2 BFSI: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.5 Retail and eCommerce
- 9.5.1 Overview
- 9.5.2 Retail and eCommerce: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Country Analysis

10.1 Middle East & Africa
- 10.1.1 Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.1 Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 United Arab Emirates: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.2.1 United Arab Emirates: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
    - 10.1.1.2.2 United Arab Emirates: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
    - 10.1.1.2.3 United Arab Emirates: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
  - 10.1.1.3 Saudi Arabia: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.3.1 Saudi Arabia: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
    - 10.1.1.3.2 Saudi Arabia: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
    - 10.1.1.3.3 Saudi Arabia: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
  - 10.1.1.4 South Africa: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.4.1 South Africa: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
    - 10.1.1.4.2 South Africa: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
    - 10.1.1.4.3 South Africa: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
  - 10.1.1.5 Rest of Middle East & Africa: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.5.1 Rest of Middle East & Africa: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
    - 10.1.1.5.2 Rest of Middle East & Africa: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
    - 10.1.1.5.3 Rest of Middle East & Africa: Middle East & Africa Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning and Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Partnerships and Collaborations
12.4 Other Developments

13. Company Profiles

13.1 Microsoft Corp
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Palo Alto Networks Inc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 CrowdStrike Holdings Inc
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 CyberArk Software Ltd.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 One Identity LLC.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Radware Ltd
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Zscaler Inc
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Tenable Holdings Inc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Check Point Software Technologies Ltd
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 BeyondTrust Corporation
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About Us
14.2 List of Abbreviations