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IoT IAM Market by Solution, Service, Security Type, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2021

IoT IAM Market: Global Forecast until 2021

  • January 2017
  • 170 pages
  • ID: 4612799
In this report:
ACCORDING TO A SURVEY OF ## MEMBERS FROM LINKEDIN'S INFORMATION SECURITY COMMUNITY CONDUCTED BY TENABLE NETWORK SECURITY IN 2016, ##% OF RESPONDENTS STATED THAT BYOD WAS AVAILABLE TO ##% OF THEIR EMPLOYEES AND IS EXPECTED TO GROW IN THE NEXT FEW YEARS, WHILE ##% OF THE RESPONDENTS SAID THAT THEY HAD EXPERIENCED SECURITY BREACHES WHILE USING BYOD.
THE IOT IAM MARKET FOR PROVISIONING SOLUTION IS ESTIMATED TO GROW AT A CAGR OF ##.##% FROM USD ##.## MILLION IN 2016 TO USD ##.## MILLION BY 2021, LED BY NORTH AMERICA WITH THE LARGEST SHARE OF USD ##.## MILLION IN 2016, WHICH IS EXPECTED TO GROW AT A CAGR OF ##.##% TO USD ##.## MILLION BY 2021.

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"The increase in adoption of internet of Things and Bring Your Own Device trends will drive the IoT Identity Access Management market"

The IoT IAM market size is forecasted to grow from ~$1.1B in 2016 to ~$5.0B by 2021, at a CAGR of 35.20 percent. The IoT IAM market is influenced by Elements such as growth in adoption of BYOD trend, increase in frequency of cybersecurity breaches and cyberattacks, and massive increase in the IoT trend. On the other hand, lack of security, expertise, & appreciation and cost and budget concerns for IoT IAM solutions may restrict the market increase, and difficulties in assigning unique identities for every network asset of an organization may also limit the increase of the IoT IAM market.

"Managed services segment is anticipated to grow at the maximal CAGR during the estimate period"

Institutions are continuously deploying IoT IAM solutions for the management of identities and policies combined with devices and users across the world. Therefore, the managed services segment is anticipated to increase at the maximal CAGR (Compound annual growth rate) during the outlook period. Nevertheless, the professional services segment is planned to have the most important industry size in 2016.

"Authentication segment is anticipated to rise at the maximal compound annual growth rate (CAGR) during the estimate period"

The authentication segment is forecasted to grow at the highest CAGR (Compound annual growth rate) during the outlook period, as authentication is the primary process for verifying the user and device identities to make the applications accessible. As well, provisioning will have the biggest sector size in 2016, as provisioning deals with access resources within Information Technology and use to manage identities and policies.

"Asia Pacific (APAC) is intended to have the maximum growth rate during the estimate period"

Asia-Pacific includes emerging economies, such as china (CN), Australia (AU), Singapore (SG), and India (IN), which are quickly deploying IoT IAM solutions. Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. This is primarily due to the growing adoption of IoT and BYOD trends in many industry verticals including BFSI, government, IT & telecom, energy, oil & gas, healthcare, and retail. Additionally, North America continent is forecasted to have the biggest industry size in 2016.

Comprehensive interviews were managed with CEOs, marketing directors, innovative products & technology directors, and executives from numerous main institutions operating in the IoT IAM market.

- By Company Type: Tier 1: 55.0 percent, Tier 2: 20.0 percent, Tier 3: 25.0 percent

- By Designation: C-Level: 60.0 percent, Director Level: 25.0 percent, Others: 15.0 percent

- By area: North america (NA): 10.0 percent, Europe: 20.0 percent, APAC: 40.0 percent, ROW: 30.0 percent

The market research includes the study of top players offering IoT IAM solutions including Amazon Web Services, CA Technologies, LogMeIn, Incorporated, Gemalto NV, Micro Focus, Covisint Corporation, ForgeRock, Incorporated, Ping Identity, Certified Security Solutions, and GlobalSign.

Segment Research

The industry report includes the IoT IAM solutions and associated services across several verticals and territories. It aims at evaluating the market value and upcoming growth potential of this market, across distinct segments including solutions, services, security types, deployment modes, organization sizes, industry verticals, and localities. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector with data on the best approximations of the revenue data for the global IoT IAM market and the sub-segments. This industry report will facilitate partners distinguish the competitor overview and obtain additional insights to better option their businesses and to plan suitable go-to-market approaches. The market research also benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

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