Innovation in terms of technology has given way to massive developments in the IOT identity access management industry in the past few years. Market reports linked to the semiconductors & electronics sector made available by Market Research Future along with published reports on other sectors have been recently published along with a report on this market. The industry is expected to earn revenues touching USD 20 Billion while expanding at an estimated CAGR of 16 percent approximately in the forecast period.
As security concerns have gained paramount importance lately, companies are diligently focusing and investing in Identity Access Management frameworks. Due to this factor, the significance of identity access management is rising as the IoT market segments have started to diversify. The upsurge in the integration of IoT in identity access management portals has made them more dynamic in maintaining activity logs and tracking user profiles which will provide further impetus to the growth of the industry through the forecast period.
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Major key Players
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.
The global IOT- Identity Access Management Market is expected to grow from USD ~8 Billion in 2016 to USD ~20 Billion by 2022, at an estimated CAGR of ~16%. The growth of this market can be constrained by factors such as continuous up-gradation of valuable features and differentiation techniques followed by competitor vendors. The other factors restraining the growth of this market are issues related to implementation guidelines and the proper assignment of security policies to the specific users.
April 2018 Device Authority which is a leader in Identity and Access Management (IAM) for the Internet of Things (IoT) on the global stage, today announced an integration partnership with Gemalto which has established its position as the global leader in digital security that will shorten the ‘security by design’ implementations for a reliable IoT ecosystem. The joint forces of the two companies are making it easier for enterprises, manufacturers, and service providers to build strong security into their IoT devices from the initial stages.
June 17, IBM Brings Identity-as-a-Service to Hybrid Cloud Environments.
IBM introduced a new service, delivered via the IBM Cloud, designed for managing access to their preferred business applications for the employees. IBM Cloud Identity Connect is a new Identity-as-a-Service (IDaaS), which provide users with rapid access to thousands of popular cloud apps while enabling single sign-on (SSO) to their applications, whether from the cloud or on-premise.
June 17, Oracle Named a Leader in the 2017 Gartner Magic Quadrant for Access Management, Worldwide
Oracle announced that it has been named a leader in Gartner’s inaugural “Magic Quadrant for Access Management, Worldwide 2017” Oracle Identity Cloud Service is a core part of Oracle’s Identity-based Security Operations Centre (SOC) framework that provides customers with an adaptive, machine learning-based security architecture.” It provides a general set of access management (AM) functionalities across multiple use cases, and in multiple geographies and industries.
The regional analysis of IoT – Identity Access Management Market is studied for North America, Europe, Asia Pacific and Rest of the World. North America is expected to have largest market share during the forecasted period owing to the early development and adoption of cloud technologies and increased number of connected devices. North America has the presence of major sustainable and well established organizations, who invest in R&D activities, hence contributing to the development of security technology. Europe region is expected to grow due to the various initatives taken by the government agencies to protect confidential data. On the other hand, Asia Pacific region is expected to witness a healthy growth due to rapid digitalization, presence of SME’s and large Enterprises, and growing adoption of cloud services
Segmentation by Service: User provisioning, multi-factor authentication, directory services, password management, access management and single-sign-on (SSO) among others.
Segmentation by Deployment: on-cloud, on-premise and hybrid.
Segmentation by Organization Size: Small and medium enterprises (SME’s) and large enterprises among others.
Segmentation by End Users: IT & telecom, government, energy & utility services, education, retail & e-commerce, banking & financial services, media & entertainment and manufacturing among others.
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
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- Cyber security providers
- System integrators
- Government organizations
- Security service providers
- Consultancy firms
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