Global IOT- Identity Access Management Market expected to reach US $20 Billion over–2022

Learning Objectives:
• To provide insights about factors affecting the market growth.
• To analyze the global IOT- Identity Access Management market based porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment by services, deployment, industry and end-user.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

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Market Outlook:
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. The IAM application tools can also be customized for global IT departments. The major driving factors for growth of IOT- identity access management market are the growing adoption of cloud services, merchandising of functions of identity access management, boosting consumer-grade identities by social media & bring your own device (BYOD) and rising consumer centric identity access management. 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.

Market Segments:
The Global IOT- Identity Access Management Market has been segmented
On the basis of services, deployment, customer type and industry.
• Services comprises of user provisioning, multi-factor authentication, directory services, password management, access management and single-sign-on (SSO) among others.
• Deployment comprises of on-cloud, on-premise and hybrid.
• Industry include small and medium enterprises (SME’s) and large enterprises among others.
• End-user can be segmented on basis of IT & telecom, government, energy & utility services, education, retail & e-commerce, banking & financial services, media & entertainment and manufacturing among others.

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Key Players
The prominent players in the market of IOT- Identity Access Management market are –
• IBM Corporation (U.S.)
• Microsoft Corporation (U.S.)
• Hitachi
• Ltd. (Japan)
• EMC Corporation (U.S.)
• Intel Security Group (U.S.)
• Siemens AG (Germany)
• Oracle Corporation (U.S.)
• ARCON Tech Solutions (India)
• Cloud Security Alliance (U.S.)
• CA Technologies (U.S.)

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

Regional Analysis
The regional analysis of IOT- identity access management market is being studied for areas such as Asia pacific, North America, Europe and rest of the world. North America is expected to dominate the IOT- identity access management market owing to rapid adoption of cloud applications and mobile applications in the region. In the North American region, many federal government organizations are emphasizing on use of personal identification card for accessing government IT infrastructure which is also fueling the IoT-identity access management market in the region. Europe is projected to grow owing to the establishment of policies by government cyber authorities to protect confidential data. The Asia Pacific region is expected to grow owing to increasing adoption of cloud based services by small and large organizations in developing countries like China and India.

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Akash Anand,
Market Research Future
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Email: akash.anand@marketresearchfuture.com

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