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IoT Identity Access Management (IAM) Market Size - By Service(Password management, Access management user provisioning, Multi-factor authentication, Directory services, Single-sign-on (SSO)), by Size of Enterprise(Small and Mid-sized enterprises, Large enterprises), by Deployment(On-premise, On-cloud), by Application(Education, IT & Telecommunication, Retail, Media & entertainment, Government) & Region - Forecasts 2023 - 2033

  • PUBLISHED ON
  • 2024-09-27
  • NO OF PAGES
  • 235
  • CATEGORY
  • Information Communication & Technology

 

Global IoT Identity Access Management (IAM) Market Analysis by Component, Application, End Users, Region and segments forecast till 2033

 

Market Overview

The Global IoT Identity Access Management (IAM) market size is presently valued at USD 13,400 million and is poised to reach a valuation of USD 25,600 million by 2033, amplifying at a CAGR of 13.7%.

 

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 13,400 Million

Market Forecast in 2033

USD 25,600 Million

CAGR % 2023-2033

13.7%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more

Key Companies

Microsoft Corporation, Amazon Web Services, LogMeIn, Inc., Intel Security Group, Oracle Corporation, Siemens AG, CA Technologies, Cloud Security Alliance, Arcon Tech Solutions, EMC Corporation, Hitachi Ltd., Schlumberger Limited, Kappa Engineering, General Electric Company, and IBM Corporation

 

Global IoT Identity Access Management (IAM) market- Description

IoT identity access management is referred to as an IT security solution to assess the identities of IoT tools deployed across organizations. It ensures that the employees inside a firm get hold of the right devices to tools to do their jobs. Moreover, it also facilitates the efficient management of employee apps without the risks of data breaching. The increasing occurrence of data breaches across organizations, rising cognizance regarding compliance management, and technological innovations in the field are primarily boosting the industry growth.

Furthermore, surging cybersecurity expenditure in numerous nations, rising internet penetration, and growing deployment of IAM services across various end-use sectors are positive swaying the industry dynamics. Also, integration of artificial intelligence and block chain into IAM solutions is creating lucrative opportunities for the marketplace to prosper. On the contrary, dearth of skilled professionals in the field and prevalence of data breach risk pertaining to the use of IAM solutions are impeding the remuneration scope of this business sphere.

 

Global IoT Identity Access Management (IAM) Market-Key trends

·         Growing instances of data breaches to aid the market expansion

With the advent of innovative technologies and digital evolution, there has a steep rise in the instances of data breaches and other forms of cyberattacks. The ability of IAM solutions to identify unauthorized penetration into any digital application or software is increasing its deployment across sectors such as finance, BFSI, automotive, and retail, among others.

 

·         Surging awareness about regulatory compliance to augment the industry outlook

There has been a rising cognizance regarding regulatory compliance for the identification of fraudulent activities in firms. The rapid deployment of IAM solutions by companies to mitigate cyberattacks and enhance data privacy and security is stimulating the overall market dynamics.

 

Global IoT Identity Access Management (IAM) Market—Segmental Analysis

By Service

• Password management

• Access management user provisioning

• Multi-factor authentication

• Directory services

• Single-sign-on (SSO)

The access management user provisioning segment is slated to amass notable gains over the stipulated timeline ascribing to its vast array of benefits.

 

By Size of Enterprise

• Small and Mid-sized enterprises

• Large enterprises

The large enterprises segment is poised to garner significant returns over 2022-2030 owing to the growing investments of these enterprises towards the integration of advanced security solutions.

 

By Deployment

• On-premise

• On-cloud

The on-cloud segment is expected to amplify substantially over the estimated timeline due to the widespread adoption of cloud based IAM solutions by SMEs.

 

By Application

• Education

• IT & Telecommunication

• Retail, Media & entertainment

• Government

• Others

The IT & Telecommunication segment is likely to develop with a high CAGR over the analysis timeline owing to the growing instances of cyberattacks.

 

Global IoT Identity Access Management (IAM) Market-Geographical landscape

North America, Middle East & Africa, Latin America, Europe, and Asia Pacific are the major regions defining the geographical ambit of this industry sphere. Among these, North America is poised to capture a high market share. This is attributable to the rising incidences of data breaching, growing trend of remote work, and the presence of noteworthy market players.

 

Global IoT Identity Access Management (IAM) market- Recent Developments

·         Notably, in March 2022, Microsoft Corporation announced the acquisition of Nuance to strengthen is IAM solution offerings.

 

Global IoT Identity Access Management (IAM) market: Key Companies

·         Microsoft Corporation

·         Amazon Web Services

·         LogMeIn, Inc.

·         Intel Security Group

·         Oracle Corporation

·         Siemens AG

·         CA Technologies

·         Cloud Security Alliance

·         Arcon Tech Solutions

·         EMC Corporation

·         Hitachi Ltd.

·         Schlumberger Limited

·         Kappa Engineering

·         General Electric Company

·         IBM Corporation.

·         Others

 

Global IoT Identity Access Management (IAM) market: Regional Scope

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         U.K.

·         Germany

·         France

·         Italy

·         Spain

·         Rest of Europe

Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Rest of Asia Pacific

South America

·         Brazil

·         Argentina

·         Rest of South America

Middle East and Africa

·         Saudi Arabia

·         UAE

·         Egypt

·         South Africa

·         Rest of Middle East and Africa

 

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1. Global IoT Identity Access Management (IAM) Market

2. IoT Identity Access Management (IAM) Market Introduction and Market Overview

2.1. Objective of the Market Research Study

2.2. IoT Identity Access Management (IAM) Market Definition & Description

2.3. Research Data Parameters & Reporting Timelines

2.3.1. Historical Data Reporting Years – 2020 to 2021

2.3.2. Projected Data Reporting Years – 2022 to 2033

2.3.3. Reporting Data Parameters – Value (US$ Million)

2.4. Global IoT Identity Access Management (IAM) Market Scope and Market Estimation

2.4.1. Global IoT Identity Access Management (IAM) Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

2.4.2. Global IoT Identity Access Management (IAM) Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

2.5. IoT Identity Access Management (IAM) Market Segmentation

2.5.1. Service of Global IoT Identity Access Management (IAM) Market

2.5.2. Application of Global IoT Identity Access Management (IAM) Market

2.5.3. Size of Enterprise of Global IoT Identity Access Management (IAM) Market

2.5.4. Deployment of Global IoT Identity Access Management (IAM) Market

2.5.5. Application of Global IoT Identity Access Management (IAM) Market

2.5.6. Key Regions of Global IoT Identity Access Management (IAM) Market

 

3. Global IoT Identity Access Management (IAM) Market - Executive Summary

3.1. Global IoT Identity Access Management (IAM) Market – Summary & Snapshot

3.2. Global IoT Identity Access Management (IAM) Market, By Service (US$ Million)

3.3. Global IoT Identity Access Management (IAM) Market, By Size of Enterprise (US$ Million)

3.4. Global IoT Identity Access Management (IAM) Market, By Deployment (US$ Million)

3.5. Global IoT Identity Access Management (IAM) Market, By Application (US$ Million)

3.6. Global IoT Identity Access Management (IAM) Market, By Geography (US$ Million)

3.7. Global IoT Identity Access Management (IAM) Market Outlook & Future Opportunities

 

4. Global IoT Identity Access Management (IAM) Market Trends, Outlook, and Factors Analysis

4.1. Global IoT Identity Access Management (IAM) Market Industry Development Trends under COVID-19 Outbreak

4.1.1. Global COVID-19 Status Overview

4.1.2. Influence of COVID-19 Outbreak on Global IoT Identity Access Management (IAM) Market Industry Development

4.1.3. Pre & Post COVID-19 Trends and Scenarios

4.2. IoT Identity Access Management (IAM) Market Dynamics (Growth Impacting Factors & Rationales)

4.2.1. Drivers

4.2.1.1. Increasing government initiatives for environmental protection

4.2.1.2. Growing focus on development of environment-friendly industries

4.2.1.3. Rapid population growth and industrialization in developing countries

4.2.2. Restraints

4.2.2.1. Slow implementation of environmental protection regulations

4.2.3. Opportunities

4.2.3.1. Development of advanced remediation technologies

4.2.3.2. Continuous expansion of oil & gas industry

4.2.4. Impact Analysis of Drivers and Restraints

4.3. Ecosystem/ Value Chain Analysis

4.4. Porter’s Five Forces Analysis

4.5. SWOT Analysis

4.6. PEST Analysis

4.7. Average Selling Prices and Pricing Trends Analysis of IoT Identity Access Management (IAM) Market

4.8. Technological Roadmap

4.9. Key Investment Pockets of IoT Identity Access Management (IAM) Market

4.9.1. By Service

4.9.2. By Size of Enterprise

4.9.3. By Deployment

4.9.4. By Application

4.9.5. By Regions

 

5. Global IoT Identity Access Management (IAM) Market: Estimates & Historic Trend Analysis (2020 to 2021)

5.1. Global IoT Identity Access Management (IAM) Market, 2020 – 2021 (US$ Million)

5.2. Global IoT Identity Access Management (IAM) Market, By Service, 2020 to 2021 (US$ Million)

5.3. Global IoT Identity Access Management (IAM) Market, By Size of Enterprise, 2020 to 2021 (US$ Million)

5.4. Global IoT Identity Access Management (IAM) Market, By Size of Enterprise, 2020 to 2021 (US$ Million)

5.5. Global IoT Identity Access Management (IAM) Market, By Region, 2020 to 2021 (US$ Million)

 

6. Global IoT Identity Access Management (IAM) Market Estimates & Forecast Trend Analysis, by Service

6.1. Global IoT Identity Access Management (IAM) Market Share (%) Estimates and Forecasts, by Service, 2022 & 2033

6.2. Global IoT Identity Access Management (IAM) Market Revenue (US$ Million) Estimates and Forecasts, by Service, 2022 to 2033

6.2.1. Password management

6.2.2. Access management user provisioning

6.2.3. Multi-factor authentication

6.2.4. Directory services

6.2.5. Single-sign-on (SSO)

 

7. Global IoT Identity Access Management (IAM) Market Estimates & Forecast Trend Analysis, by Size of Enterprise

7.1. Global IoT Identity Access Management (IAM) Market Share (%) Estimates and Forecasts, by Size of Enterprise, 2022 & 2033

7.2. Global IoT Identity Access Management (IAM) Market Revenue (US$ Million) Estimates and Forecasts, by Size of Enterprise, 2022 to 2033

7.2.1. Small and Mid-sized enterprises

7.2.2. Large enterprises

 

8. Global IoT Identity Access Management (IAM) Market Estimates & Forecast Trend Analysis, by Deployment

8.1. Global IoT Identity Access Management (IAM) Market Share (%) Estimates and Forecasts, by Deployment, 2022 & 2033

8.2. Global IoT Identity Access Management (IAM) Market Revenue (US$ Million) Estimates and Forecasts, by Deployment, 2022 to 2033

8.2.1. On-premise

8.2.2. On-cloud

 

9. Global IoT Identity Access Management (IAM) Market Estimates & Forecast Trend Analysis, by Application

9.1. Global IoT Identity Access Management (IAM) Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033

9.2. Global IoT Identity Access Management (IAM) Market Revenue (US$ Million) Estimates and Forecasts, by Application, 2022 to 2033

9.2.1. Education

9.2.2. IT & Telecommunication

9.2.3. Retail

9.2.4. Media & entertainment

9.2.5. Government

9.2.6. Others

 

10. Global IoT Identity Access Management (IAM) Market Analysis and Forecast, by Region

10.1. Global IoT Identity Access Management (IAM) Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033

10.2. Global IoT Identity Access Management (IAM) Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033

10.2.1. North America

10.2.2. Europe

10.2.3. Asia Pacific

10.2.4. Middle East and Africa

10.2.5. Latin America

 

11. North America IoT Identity Access Management (IAM) Market: Estimates & Forecast Trend Analysis

11.1. North America IoT Identity Access Management (IAM) Market Assessments & Key Findings

11.2. North America IoT Identity Access Management (IAM) Market Share (%) Estimates and Forecasts, 2022 & 2033

11.3. North America IoT Identity Access Management (IAM) Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

11.3.1. By Service

11.3.2. By Size of Enterprise

11.3.3. By Deployment

11.3.4. By Application

11.3.5. By Major Country

11.3.5.1. The U.S.

11.3.5.2. Canada

 

12. Europe IoT Identity Access Management (IAM) Market: Estimates & Forecast Trend Analysis

12.1. Europe IoT Identity Access Management (IAM) Market Assessments & Key Findings

12.2. Europe IoT Identity Access Management (IAM) Market Share (%) Estimates and Forecasts, 2022 & 2033

12.3. Europe IoT Identity Access Management (IAM) Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

12.3.1. By Service

12.3.2. By Size of Enterprise

12.3.3. By Deployment

12.3.4. By Application

12.3.5. By Major Country

12.3.5.1. Germany

12.3.5.2. The U.K.

12.3.5.3. France

12.3.5.4. Italy

12.3.5.5. Spain

12.3.5.6. Rest of Europe (includes all other European countries)

 

13. Asia Pacific IoT Identity Access Management (IAM) Market: Estimates & Forecast Trend Analysis

13.1. Asia Pacific IoT Identity Access Management (IAM) Market Assessments & Key Findings

13.2. Asia Pacific IoT Identity Access Management (IAM) Market Share (%) Estimates and Forecasts, 2022 & 2033

13.3. Asia Pacific IoT Identity Access Management (IAM) Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

13.3.1. By Service

13.3.2. By Size of Enterprise

13.3.3. By Deployment

13.3.4. By Application

13.3.5. By Major Country

13.3.5.1. China

13.3.5.2. Japan

13.3.5.3. India

13.3.5.4. ASEAN

13.3.5.5. South Korea

13.3.5.6. Rest of Asia Pacific (includes all other Asia Pacific countries)

 

14. Middle East & Africa IoT Identity Access Management (IAM) Market: Estimates & Forecast Trend Analysis

14.1. Middle East & Africa IoT Identity Access Management (IAM) Market Assessments & Key Findings

14.2. Middle East & Africa IoT Identity Access Management (IAM) Market Share (%) Estimates and Forecasts, 2022 & 2033

14.3. Middle East & Africa IoT Identity Access Management (IAM) Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

14.3.1. By Service

14.3.2. By Size of Enterprise

14.3.3. By Deployment

14.3.4. By Application

14.3.5. By Major Country

14.3.5.1. GCC

14.3.5.2. South Africa

14.3.5.3. Egypt

14.3.5.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)

 

15. Latin America IoT Identity Access Management (IAM) Market: Estimates & Forecast Trend Analysis

15.1. Latin America Market Assessments & Key Findings

15.2. Latin America IoT Identity Access Management (IAM) Market Share (%) Estimates and Forecasts, 2022 & 2033

15.3. Latin America IoT Identity Access Management (IAM) Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

15.3.1. By Service

15.3.2. By Size of Enterprise

15.3.3. By Deployment

15.3.4. By Application

15.3.5. By Major Country

15.3.5.1. Brazil

15.3.5.2. Mexico

15.3.5.3. Rest of Latin America (includes all other Latin America countries)

 

16. Competitive Landscape

16.1. IoT Identity Access Management (IAM) Market Revenue Share Analysis (%), by Major Players (2021)

16.2. IoT Identity Access Management (IAM) Market Competition Matrix, by Leading Players

16.3. IoT Identity Access Management (IAM) List of Emerging, Prominent and Leading Players

16.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.

 

17. Company Profiles

17.1. IBM Corporation

17.1.1. Company Overview & Insights

17.1.2. Financial Performance

17.1.3. Product / Service Portfolio

17.1.4. Geographical Footprint & Share

17.1.5. Strategic Initiatives & Key Developments

*Similar details would be provided for all the players mentioned below

17.2. Microsoft Corporation

17.3. Amazon Web Services

17.4. LogMeIn, Inc.

17.5. Intel Security Group

17.6. Oracle Corporation

17.7. Siemens AG

17.8. CA Technologies

17.9. Cloud Security Alliance

17.10. Arcon Tech Solutions

17.11. EMC Corporation

17.12. Hitachi Ltd.

17.13. Schlumberger Limited

17.14. Kappa Engineering

17.15. General Electric Company

17.16. Others

 

18. Assumptions and Research Methodology

18.1. Data Mining

18.2. Secondary Research

18.3. Primary Research

18.4. Subject Matter Expert Advice

18.5. Quality Check

18.6. Final Review

18.7. Data Triangulation

18.8. Bottom-Up Approach

18.9. Top Down Approach

18.10. Research Flow

18.11. Key Insights from Industry Experts

18.12. Data Sources

18.13. Assumptions

18.14. Limitations

 

19. Conclusions and Recommendations

19.1. Key Research Findings and Conclusion

19.2. Key Insights & Recommendations from Analysts

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

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Case Study- ICT Sector

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Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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