Identity access management is a complex process consisting of various policies, procedures, activities and technologies that require the coordination of company departments namely human resources and IT. IoT identifiers is the unifying element of people, places, things, and information, providing a platform for entity interaction management. It also develops & deliver infrastructure, services, and applications to create new lines of business and ensure the appropriate access to business services. It is very important to manage service accounts, machine identities and human & non-human services to control the overall framework of the organization. Also, administrating IAM activities, provisioning and enforcement process can be automated through the use of IAM application software tools. The IAM application software tools are used by all organizations ranging from small IT departments to large global IT departments. T
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.
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Major key Players
Cloud Security Alliance (U.S.)
CA Technologies (U.S.)
IBM Corporation (U.S.),
Microsoft Corporation (U.S.),
EMC Corporation (U.S.),
Intel Security Group (U.S.),
Siemens AG (Germany),
Oracle Corporation (U.S.),
Hitachi, Ltd. (Japan),
ARCON Tech Solutions (India),
The global IOT- Identity Access Management Market is expected to reach by USD $20 Billion and grow at CAGR of 16% during 2017-2022.
The IOT Identity Access Management industry globally has been segmented on the basis of deployment, services, customer type and industry. The deployment segment comprises of on-premise, on-cloud, and hybrid. The service segment includes user provisioning, directory services, password management, access management, multi-factor authentication, and single-sign-on (SSO) among others. The customer type segment can be segmented on basis of government, IT & telecom, energy & utility services, media & entertainment, retail & e-commerce, education, banking & financial services, and manufacturing among others. The industry segment includes small and medium enterprises (SME’s) and large enterprises among others.
Detailed Regional Analysis
The regional analysis of the IOT- identity access management industry includes regions such as North America, Asia Pacific, Europe and rest of the world. The North American market is anticipated to control the IOT- identity access management industry due to the swift adoption of mobile applications and cloud applications in the region. In the North American region, many federal government organizations are highlighting on the use of personal identification card for accessing government IT infrastructure which is also driving the IoT-identity access management industry in the region. The European region is estimated to develop due to the creation of policies by the government cyber authorities to guard confidential data. The Asia Pacific region is estimated to develop due to growing adoption of cloud based services by small and large organizations in developing nations like India and China.
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- Cyber security providers
- System integrators
- Government organizations
- Security service providers
- Consultancy firms
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