IOT-Identity and Access Management (IAM) is one the essential supporting solution for various organizations that includes different business processes and organizational policies. The IAM application software tools are used by all organizations right from small working firms to large global IT departments. Apart from this the various activity such as management, provision and implementation process can be automated with the help of IAM application software tools.
IOT-Identity Access Management Market have major demand in organization due to new innovation taking places technology industry and rising industry competition in the market. The number of working employees is increasing each day in the organization at the same time numbers of people accessing the database, servers keep growing. The security becomes a top priority for any organization in order to protect their data. The IAM solution offers unique identity for people those who are accessing the database; we can say that it may be fingerprint touch, password protected, and governance administration.
In short, the Identity Access Management is a framework design of much different process that involves assorted strategies, procedures, activities and technologies that needed proper coordination with Human Resources and IT departments.
Major Key Players
The prominent players in the market of IOT- Identity Access Management market are – IBM Corporation (U.S.), Microsoft Corporation (U.S.), Hitachi, Ltd. (Japan), EMC Corporation (U.S.), Intel Security Group (U.S.), Siemens AG (Germany), Oracle Corporation (U.S.), ARCON Tech Solutions (India), Cloud Security Alliance (U.S.) and CA Technologies (U.S.) among others.
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The global IOT- identity access management market has witnessed a remarkable growth over the past few years, globally, owing to the rising demand for securing an organization sensitive data and applications. As per the new research report study by market research future it is estimated that the identity access management market will keep on growing in coming years. The global IOT- identity access management market is expected to reach by USD $20 Billion and grow at CAGR of 16% during 2017-2022.
IOT- Identity Access Management Market Competitive analysis
Characterized by the presence of several major well-established players, the IOT- Identity Access Management Market appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, technology, reputation and services.
On the other side, there are the possibilities that the growth of Identity Access Management market can be restricted by such factors as continuous updating of the original features and the diversity technique followed by the competitor vendor.
Other factors prohibiting the growth of this market are linked to the implementation guidelines and there are suitable assignments for the safety policy for specific users.
Industry/ Innovation/Related News
5 December 2017 – The IBM today as part of an effort to make various forms of identity access management (IAM) software more easily accessible, opened an online marketplace through which IT organizations can download multifactor security software from IBM and others. The Brian Mulligan, offering manager for Access and Authentication at IBM Security, says the IBM Security App Exchange is intended to make it simpler for IT security teams to evaluate multiple approaches to multifactor authentication spanning everything from hardware-based tokens, to biometrics.
4 December 2017- When FCW convened identity and access management leaders from across the government on Oct. 12, they agreed that authenticating users is the new frontier in Cybersecurity, with one saying the latest attack vectors “are all about identity.” Agencies have made significant progress in moving beyond simple username and password constructions, but the work is far from done. Challenges include educating senior managers, convincing a wary public and finding ways to securely share the burden of identity-proofing.
The regional analysis of IOT- identity access management market is being considered for areas such as Asia pacific, North America, Europe and rest of the world. North America is expected to dominate the IOT- identity access management market owing to rapid adoption of cloud applications and mobile applications in the region. In the North American region, many federal government organizations are emphasizing on use of personal identification card for accessing government IT infrastructure which is also fueling the IoT-identity access management market in the region. Europe is projected to grow owing to the establishment of policies by government cyber authorities to protect confidential data. The Asia Pacific region is expected to grow owing to increasing adoption of cloud based services by small and large organizations in developing countries like China and India.
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