Steady Expansion Forecast for IoT IAM Market, Projected to Reach $35.59 Billion by 2029

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IoT IAM Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for IoT IAM has seen significant expansion in the past few years. The market is forecasted to increase from $9.53 billion in 2024 to $12.22 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 28.3%. The historic growth is driven by factors such as the requirement for user authentication, data privacy laws, the emergence of smart homes, customer preference for convenience, and worries over identity theft.

IoT IAM Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size for iot iam is predicted to experience a rapid increase, swelling to $35.59 billion in 2029, this represents a Compound Annual Growth Rate (CAGR) of 30.6%. Factors contributing to growth during the forecast period encompass the embracing of biometric verification, user-oriented identity models, tailored user experiences, compliance with regulations, advanced device administration, and interactive access controls. Key trends within the forecast period will be the assimilation of zero trust security architectures, integration of ai and machine learning, introduction of 5g networks, management of the device lifecycle, improved authentication techniques for users, edge computing and distributed IAM.

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What Are the Drivers Transforming the IoT IAM Market?
The IoT IAM market is predicted to grow due to the escalating number of cyberattacks and data breaches. Cyberattacks involve incidents where cybercriminals unlawfully infiltrate a computer system with the intention of stealing data and confidential information through the deployment of harmful software or codes. The term data breach refers to instances where security protocols are breached, leading to unauthorized extraction of sensitive data from a device, without the owner's knowledge. The use of identity and access management aims to prevent such unauthorized access to a company's employee database. To illustrate, data from Parachute Technology, a U.S.-based IT solutions provider, highlighted that government agencies had encountered 49 cyber incidents in just the first half of 2023, a rise of 11% when compared to 2022. Consequently, the increasing frequency of cyberattacks and data breaches is projected to drive the expansion of the IoT IAM market in the forthcoming years.

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What Long-Term Trends Will Define the Future of the IoT IAM Market?
The rise in technology advancements is a prevalent trend in the IoT IAM sphere. Leading market entities are channeling their energy towards inventing cutting-edge technologies to bolster their market standing. For example, in August 2022, US-based firm Okta, Inc. working on identity and access management (IAM), launched Unified IAM, also dubbed Okta Identity Governance. This cloud-based governance solution comprises identity governance and administration (IGA) tools designed to elevate security and compliance measures in organizations' IT infrastructure. Okta Identity Governance offers cloud-assisted user-friendly technology, which not only becomes a simple task for IT departments to implement but also easy for personnel to utilize, providing extensive identity platform and regulated access to IT infrastructure and equipment.

Which Segments in the IoT IAM Market Offer the Most Profit Potential?
The iot iammarket covered in this report is segmented -

1) By Component: Solutions, Services
2) By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security, Other Security Types
3) By Deployment Mode: Cloud, On-Premises
4) By Organization Size: Small And Mid-Sized Enterprises (SMEs), Large Enterprises
5) By Verticals: Banking, Finance Services, And Insurance (BFSI), Automotive, Telecom, Healthcare, Retail And Consumer Goods, Energy And Utilities, Other Verticals

Subsegments:
1) By Solutions: Identity Management Solutions, Access Management Solutions, Authentication Solutions, User Provisioning Solutions, Privileged Access Management Solutions
2) By Services: Consulting Services, Implementation Services, Managed Services, Support Snd Maintenance Services

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Which Firms Dominate the IoT IAM Market by Market Share and Revenue in 2025?
Major companies operating in the IoT IAM market are International Business Machines Corporation, Amazon.com Inc., GMO GlobalSign Inc., Ping Identity Corporation, ForgeRock Inc., Broadcom Inc., Microsoft Corporation, Oracle Corporation, Micro Focus International PLC, Cloud Security Alliance Inc., ARCON TechSolutions Pvt. Ltd., Telefonaktiebolaget LM Ericsson, Hitachi ID Systems Inc., KaaIoT Technologies LLC, Okta Inc., HID Global Corporation, CyberArk Software Ltd., OpenText Corporation, Cisco Systems Inc., Google LLC, Entrust Datacard Corporation, SailPoint Technologies Inc., Dell Technologies Inc., Optiv Security Inc., Quest Software Inc., Identity Fusion Inc., Thales Group, DigiCert Inc., Keyfactor Inc., RSA Security LLC, Centrify Corporation, SecureAuth Corporation, Auth0 Inc., Idaptive LLC, Akamai Technologies Inc., Thycotic Software LLC, BeyondTrust Corporation, Cyberinc Corp., Avatier Corporation, NetIQ Corporation

Which Regions Offer the Highest Growth Potential in the IoT IAM Market?
North America was the largest region in the IoT IAM market in 2024. Asia-Pacific is expected to be the fastest-growing region in the IoT IAM market report forecast period. The regions covered in the IoT IAM market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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