IOT- Identity Access Management Market Research Report- Global Forecast 2022
IoT-identify access management is gaining popularity owing to changing requirements of the business world. Platforms that provide seamless connection among things, people and information have become the need of the hour. This is turn is creating significant opportunities for service providers. Market Research Future (MRFR) projects that the global IoT-identity access management market will witness an impressive growth over the next couple of years.
The growth IT infrastructure, applications and services has led to creation of new business dimensions. The advent of new business applications has necessitated implementation of robust and seamless operating technologies. IoT-identity access management services enable effective management of machine identities, service accounts and human & non-human resources. Such services facilitate controlling of the overall framework of the organization. IoT powered IAM tools are used for undertaking enforcement process, provisioning IAM activities, etc. Identity access management application software tool are finding popularity in all size of organizations that have IT departments.
The global IoT-identity access management market is benefiting from the rapid expansion of the IoT. Others factors that are supporting the market growth include merchandising of functions of identity access management, arrival of consumer-centric identity access management services, increased popularity of cloud service, rising trend of bring-your-own-device (BYOD), and rise of social media.
Service providers are implement aggressive strategies to capture market share. During the forecast period (2019-2022), mergers and acquisitions are expected to remains a key industry trend. Many market players are also entering partnership and collaborations to drive product innovation. Such strategies are expected to have positive impact on the market in the long run.
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The segmental analysis of the market has been conducted based on deployment, services, industry, and customer type.
On the basis of deployment, the market has been segmented into hybrid, on-premise and on-cloud. On the basis of services, the market has been segmented into multi-factor authentication, password management, single-sign-on (SSO), comprises user provisioning, directory services, access management and others. On the basis of industry type, the market has been segmented into government, education, banking & financial services, manufacturing, comprises IT & telecom, energy & utility services, media & entertainment, retail & e-commerce and others. On the basis of customer type, the market has been segmented into large enterprises, and small and medium enterprises (SME’s).
Global IoT-Identity Access Management Market: Regional Analysis
Key regions covered in the report include North America, Asia Pacific (APAC) and Europe. On these, North America has emerged as the largest market for IoT-identity access management market. The market growth in North America is driven by the rapid adoption of cloud technology coupled with the growing use of mobile applications. The practice of using personal identification card for entering in IT infrastructure is viewed as a major market driver. Europe has also emerged as an important market for IoT-identity access management in recent years. Introduction of stricter policies by European Commission to improve data security and prevent cyber malignancy is a major factor supporting the market growth in the region. In APAC, policy reforms to improve economic growth along with the tremendous industrialization in creating lucrative market opportunities. During the review period, countries such as China and India are expected to make significant contribution to the APAC market in terms of revenue.
Global IoT-Identity Access Management Market: Competition Analysis
Some of the notable companies operating in the market include Hitachi, Ltd. (Japan), Intel Security Group (U.S.), IBM Corporation (U.S.), ARCON Tech Solutions (India), CA Technologies (U.S.), Microsoft Corporation (U.S.), Siemens AG (Germany), Cloud Security Alliance (U.S.), EMC Corporation (U.S.) and Oracle Corporation (U.S.)
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Global IOT- Identity Access Management Market, by Services (Multi-factor Authentication, Password Management, Directory Services), by Components (Network Hardware, Cooling Units), by End-Users (Banking, IT, Healthcare, Government) – Forecast 2022
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