The Europe Cloud Infrastructure Entitlement Management Market would witness market growth of 42.2% CAGR during the forecast period (2023-2030).
Cloud computing serves as a basis for cutting-edge innovations like virtual reality and artificial intelligence, boosting business productivity and efficiency. Governments wanting to create smart cities and cutting-edge virtual solutions to current issues may benefit from using such technologies on the cloud. The Ministry of Public Health uses data that is captured, tracked, as well as shared via a mobile application to identify public health concerns and illness hotspots to reduce the danger of epidemics.
Cloud settings' scalability and dynamic nature make manual entitlement procedures unworkable and error prone. To simplify access management processes, lower administrative burden, and assure uniform entitlement enforcement across cloud platforms, CIEM solutions offer automation capabilities. Additionally, automation enables businesses to expand their cloud infrastructure while retaining strong access controls.
The UK government has also provided significant support for using cloud technologies. For instance, how public sector firms purchase information and communications technologies is changing due to the UK government's G-Cloud project. The G-Cloud Framework enables public enterprises to buy commodity-based, pay-as-you-go cloud services on short-term contracts approved by the government through an online marketplace called the Digital Marketplace. As a result, these powerful regional initiatives are accelerating the adoption of cloud and multi-cloud settings, raising the demand for cloud security measures. Thus, these elements will contribute to this region's market expansion in the coming years.
The Germany market dominated the Europe 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 $1,016.6 Million by 2030. The UK market is anticipated to grow a CAGR of 41% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 43.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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