The Internet of Things (IoT) Identity Access Management (IAM) market size is expected to grow from USD 1.10 Billion in 2016 to USD 4.97 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 35.2% during the forecast period. The major growth drivers of the IoT IAM market include the rise in adoption of Bring Your Own Device (BYOD) trend, rise in frequency of cybersecurity breaches and cyber-attacks, and massive growth in the IoT trend.
The IoT IAM market is segmented by solution, service, security type, deployment mode, organization size, industry vertical, and region. The solution segment is estimated to have the largest market size in 2016. Moreover, the service segment is expected to grow at the highest CAGR during the forecast period, as the number of connected devices are growing at a massive rate, resulting in increase in cyber-attacks and creating demands for more comprehensive IoT IAM solutions and services that would help to manage millions and billions of identities and policies that are associated with various IoT devices.
The authentication segment is expected to grow at the highest CAGR during the forecast period. However, the provisioning segment accounts for the largest share of the IoT IAM market in 2016. The cloud-based deployment mode is expected to grow at the highest CAGR during the forecast period. The large enterprises segment is expected to account for the largest market size in 2016. Moreover, the SMEs segment is expected to grow at the highest CAGR during the forecast period.
IoT IAM solutions have been deployed across various industry verticals, including Banking Financial Services, and Insurance (BFSI); automotive; telecom & IT; retail & Consumer Packaged Goods (CPG); public sector & utilities; healthcare; energy, oil, & gas; manufacturing; and others (education and travel & hospitality). The energy, oil, and gas vertical is expected to grow with the highest CAGR during the forecast period. However, the BFSI vertical is estimated to have the largest market size in 2016.
The IoT IAM market faces challenges while managing identities and access for the success of IoT, upgrading legacy IAM solutions, and assigning unique identities for every network asset of an organization.
- Amazon Web Services (AWS)
- CA Technologies
- Certified Security Solutions (CSS)
- Covisint Corporation
- Forgerock, Inc.
- Gemalto Nv
- Inside Secure
- Logmein, Inc.
- Micro Focus International Plc
- Optiv Security, Inc.
- Ping Identity Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 IoT IAM Market Analysis, by Solution
8 IoT IAM Market Analysis, by Service
9 IoT IAM Market Analysis, by Security Type
10 IoT IAM Market Analysis, by Deployment Mode
11 IoT IAM Market Analysis, by Organization Size
12 IoT IAM Market Analysis, by Vertical
13 Geographic Analysis
14 Competitive Landscape
15 Company Profiles
16 Key Innovators
For more information about this report visit http://www.researchandmarkets.com/research/wccrxg/iot_iam_market_by
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/497-billion-iot-iam-market---global-forecast-to-2021---analysis-of-network-security-endpoint-security-application-security--cloud-security---research-and-markets-300391713.html
SOURCE Research and Markets