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

Description

List of Tables

The Europe Cloud Infrastructure Entitlements Management (CIEM) market was valued at approximately US$ 307.17 million in 2023 and is projected to grow significantly, reaching around US$ 3,955.41 million by 2031. This growth represents a remarkable compound annual growth rate (CAGR) of 37.6% from 2023 to 2031.

Drivers of Market Growth

One of the primary factors driving the CIEM market in Europe is the increasing stringency of government regulations. Organizations across various sectors, particularly those handling sensitive information such as healthcare, finance, and government, are required to comply with complex regulations like GDPR, HIPAA, PCI-DSS, and SOX. These regulations mandate strict security measures to protect sensitive data, making CIEM an essential component of an organization's cybersecurity framework. Non-compliance can result in severe penalties, including hefty fines and reputational damage. For instance, GDPR violations can incur fines of up to €20 million or 4% of a company's global annual revenue, while HIPAA violations can lead to fines of up to $1.5 million per incident. Other regulations, such as those enforced by the SEC and OSHA, can also impose significant financial penalties. A Kaspersky survey indicated that the average financial loss from regulatory violations is around $551,000, with small and medium-sized enterprises (SMEs) facing an average loss of $38,000. Consequently, the need for effective CIEM solutions to ensure compliance with these regulations presents substantial growth opportunities for the market.

Market Overview

In the UK, the CIEM market was valued at approximately US$ 80.86 million in 2023, with expectations to reach about US$ 1,146.97 million by 2031, reflecting a CAGR of 39.3%. The UK government's Cloud First Policy has significantly influenced cloud adoption, leading businesses to increasingly prefer cloud solutions for their IT service needs. This trend is further supported by the rise in digitalization and the adoption of digital solutions by SMEs, which is driving demand for cloud security solutions. Additionally, the UK government's initiatives to enhance cybersecurity, such as the introduction of the Cyber Security and Resilience Bill in July 2024, aim to mitigate cyber threats across essential services and improve overall cybersecurity preparedness. This legislative proposal will impact various sectors, including transport, energy, healthcare, and cloud computing services, thereby promoting the adoption of CIEM solutions.

Market Segmentation

The Europe CIEM market can be segmented based on components, organization size, verticals, and countries:

1. Component: The market is divided into solutions and services, with the solutions segment holding a larger share in 2023.

2. Organization Size: The market is categorized into large enterprises and SMEs, where large enterprises accounted for a larger market share in 2023.

3. Vertical: The market is segmented into various sectors, including IT and telecom, healthcare, manufacturing, BFSI (Banking, Financial Services, and Insurance), retail and e-commerce, among others. The manufacturing sector held the largest market share in 2023.

4. Country: The market is analyzed by country, including the UK, Germany, France, Italy, Russia, and the Rest of Europe, with the UK leading the market share in 2023.

Key Players in the Market

Several prominent companies are active in the Europe CIEM market, including 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. These companies are at the forefront of providing innovative CIEM solutions to meet the growing demand for cloud security and compliance in the region.

In summary, the Europe CIEM market is poised for substantial growth driven by regulatory compliance needs, increasing cloud adoption, and the rising importance of cybersecurity across various sectors.

Product Code: BMIRE00031192

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. Europe 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. Europe 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. Europe Cloud Infrastructure Entitlements Management (CIEM) Market - Analysis

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

7. Europe Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Component

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

8. Europe Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Organization Size

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

9. Europe Cloud Infrastructure Entitlements Management (CIEM) Market Analysis - by Vertical

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

10. Europe Cloud Infrastructure Entitlements Management (CIEM) Market - Country Analysis

10.1 Europe
- 10.1.1 Europe Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.1 Europe Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 United Kingdom: Europe Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.2.1 United Kingdom: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
    - 10.1.1.2.2 United Kingdom: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
    - 10.1.1.2.3 United Kingdom: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
  - 10.1.1.3 Germany: Europe Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.3.1 Germany: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
    - 10.1.1.3.2 Germany: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
    - 10.1.1.3.3 Germany: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
  - 10.1.1.4 France: Europe Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.4.1 France: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
    - 10.1.1.4.2 France: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
    - 10.1.1.4.3 France: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
  - 10.1.1.5 Italy: Europe Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.5.1 Italy: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
    - 10.1.1.5.2 Italy: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
    - 10.1.1.5.3 Italy: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
  - 10.1.1.6 Russia: Europe Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.6.1 Russia: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
    - 10.1.1.6.2 Russia: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
    - 10.1.1.6.3 Russia: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Vertical
  - 10.1.1.7 Rest of Europe: Europe Cloud Infrastructure Entitlements Management (CIEM) Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.7.1 Rest of Europe: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Component
    - 10.1.1.7.2 Rest of Europe: Europe Cloud Infrastructure Entitlements Management (CIEM) Market Share - by Organization Size
    - 10.1.1.7.3 Rest of Europe: Europe 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