IOT- Identity Access Management Market Headed for Growth and Global Expansion by 2022

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

• 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.)

According to MRFR, 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%.

Industry News

ILANTUS Technologies announced the launch of their line of services in July 2018. It has been named Smart Identity which includes four methods, cloud identity, niche identity, compact identity, and hybrid identity.

Digital ID can emerge as the latest trend with blockchain coming into the scene. Decentralized blockchain principle, coupled with a comprehensive system for verifying identity can create a digital ID which can act like a watermark for the user.

April 2018 Device Authority which is a leader in Identity and Access Management (IAM) for the Internet of Things (IoT) on the global stage, today announced an integration partnership with Gemalto which has established its position as the global leader in digital security that will shorten the ‘security by design’ implementations for a reliable IoT ecosystem. The joint forces of the two companies are making it easier for enterprises, manufacturers, and service providers to build strong security into their IoT devices from the initial stages.

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 the IOT- identity access management industry includes regions such as North America, Asia Pacific, Europe and rest of the world. The North American market is anticipated to control the IOT- identity access management industry due to the swift adoption of mobile applications and cloud applications in the region. In the North American region, many federal government organizations are highlighting on the use of personal identification card for accessing government IT infrastructure which is also driving the IoT-identity access management industry in the region. The European region is estimated to develop due to the creation of policies by the government cyber authorities to guard confidential data. The Asia Pacific region is estimated to develop due to growing adoption of cloud based services by small and large organizations in developing nations like India and China.

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

LIST OF TABLES

TABLE 1 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET, BY SERVICES

TABLE 2 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET, BY DEPLOYMENT

TABLE 3 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET, BY INDUSTRY

TABLE 4 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET, BY END USERS

TABLE 5 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET, BY REGIONS

TABLE 6 NORTH AMERICA IOT IDENTITY ACCESS MANAGEMENTMARKET, BY SERVICES

TABLE 7 NORTH AMERICA IOT IDENTITY ACCESS MANAGEMENT MARKET, BY DEPLOYMENT

TABLE 8 NORTH AMERICA IOT IDENTITY ACCESS MANAGEMENT MARKET, BY INDUSTRY

TABLE 9 NORTH AMERICA IOT IDENTITY ACCESS MANAGEMENT MARKET, BY END USERS

TABLE 10 U.S. IOT IDENTITY ACCESS MANAGEMENT MARKET, BY SERVICES

Continued….

LIST OF FIGURES

FIGURE 1 RESEARCH NETWORK SOLUTION

FIGURE 2 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET: BY SERVICES (%)

FIGURE 3 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET: BY DEPLOYMENT (%)

FIGURE 4 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET: BY INDUSTRY (%)

FIGURE 5 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET: BY END USERS (%)

FIGURE 6 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET: BY REGION

FIGURE 7 NORTH AMERICA IOT IDENTITY ACCESS MANAGEMENT MARKET, BY SERVICES (%)

FIGURE 8 NORTH AMERICA IOT IDENTITY ACCESS MANAGEMENT MARKET, BY DEPLOYMENT (%)

Continued….

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