IOT- Identity Access Management Market expected to grow USD ~20 Billion | Industry Analysis by Leading Players: IBM, Microsoft, Hitachi, EMC, Intel Security Group, Siemens AG, Oracle Corporation

Market Highlights:

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

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.

Industry News
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.

Regional Analysis
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
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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Intended Audience
• Cyber security providers
• System integrators
• Government organizations
• Resellers
• Security service providers
• Consultancy firms

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