Market Highlights:
Identity and access management (IAM) is a system for securely initiating, storing and managing user identities and access permissions. It provide administrators with the tools and technologies to change a user’s role, create reports on the activities, track user activities, and enforce policies on an ongoing basis. The IoT introduces the need to manage exponentially more identities than existing IAM systems are required to support. IoT IAM refers to the relationship between devices and humans, devices and devices, devices and application/services or a human and an application/services. The IAM application software tools are utilized by all organizations right from small and medium enterprises to large IT enterprises. IAM application software tools can be useful to automate the activities such as management, provision and implementation process.
The major driving factors for growth of IOT- identity access management market are the increase in the number of connected devices, rapid adoption of cloud services, and growing popularity of Internet of Things (IoT). Adoption of Bring Your Own Device (BYOD) policy by many organizations which slowly but increasingly allow users to use their personal devices for work purposes making security and privacy a real challenge is also driving factor for the growth of IoT IAM market. However, complex implementation process of identity access management and lack of technical expertise is expected to hinder the growth of IOT identity access management market.
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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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