Impact Analysis of Covid-19
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The Global IoT IAM Market was valued at USD 1.21 billion in 2016 and is projected to reach USD 18.82 billion by 2025, growing at a CAGR of 35.65% from 2017 to 2025.
IoT IAM helps organizations easily manage the identities of the connected networking devices and business-critical IoT applications. With rapid advancements in technology, businesses have increased the usage of advanced digital solutions, connected devices, and IT systems. Benefits of IoT IAM include - high security and compliance, high efficiency, and identify risks.
1. Market Drivers
1.1 Growing adoption of biometric technologies through smartphones, laptops, and tablets
1.2 Increasing adoption of BYOD
1.3 Increasing trends of IoT
1.4 Growing cyber security breaches and cyber attacks
2. Market Restraints
2.1 Security concerns
2.2 Lack of technical expertise and awareness
2.3 Enhancements in IAM solutions
2.4 Budget constraints related to IAM solutions
The Global IoT IAM Market is segmented on the security type, organization size, component, deployment mode, application, and region.
1. By Security Type:
1.1 Cloud security
1.2 Network security
1.3 Application security
1.4 Endpoint security
2. By Organization Size:
2.1 Large Companies
2.2 Small and Medium Businesses
3. By Component:
188.8.131.52 Audit, compliance, and governance
184.108.40.206 Directory services
220.127.116.11 Digital certificate
18.104.22.168 Single Sign-On
22.214.171.124 Application Programming Interface management
126.96.36.199 Password management
3.2.1 Managed Service
3.2.2 Professional Service
188.8.131.52 Training and education
184.108.40.206 Design and integration
220.127.116.11 Consulting services
18.104.22.168 Support and maintenance
4. By Deployment Model:
5. By Application:
5.2 IT and Telecommunications
5.3 Banking, Financial Services, and Insurance (BFSI)
5.4 Retail and Consumer Goods
5.6 Energy, Oil and Gas
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. CA Technologies
2. Amazon Web Services (AWS)
4. Micro Focus International PLC
5. Certified Security Solutions (CSS)
6. Gemalto NV
7. Ping Identity Corporation
8. Forgerock, Inc.
9. Logmein, Inc.
10. Covisint Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global IoT IAM Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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