Simple and significant changes brought in by the Internet of Things (IoT) vendors, which show promise of better and enhanced security solutions for the identity and access management (IAM) systems are anticipated to change the game for the global market. This value addition in the identity and access management is projected to become an integral and an indispensable change in the coming years, thereby propelling the growth of the overall market. In the current scenario, IoT IAM systems are implemented by organizations for managing the access and identity of connected networking devices along with IoT applications associated to the business.
MARKET SCOPE
The "Global IoT IAM Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the IoT IAM market with detailed market segmentation by component, security type, deployment type, industry, and geography. The report provides key statistics on the market status of the leading IoT IAM market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the market is segmented into solutions and services.
- Based on security type, the market is segmented into network security, endpoint security, application security, cloud security, and others.
- Based on deployment type, the market is segmented into on-premise and cloud-based.
- Based on industry, the market is segmented into BFSI, automotive, healthcare, telecom and IT, manufacturing, public sector and utilities, retail and consumer goods, and others.
Drivers
- Rising number of cyber-attacks and security breaches is driving the growth of the the growth of IoT IAM market.
- Rising adoption of biometric technologies through laptops, smartphones, and tablets is boosting the growth of the the IoT IAM market.
- Lack of awareness may hinder the growth of the IoT IAM market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The IoT IAM market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the IoT IAM market in these regions.
IMPACT OF COVID-19 ON IOT IAM MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the IoT IAM market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the IoT IAM market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the IoT IAM market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amazon Web Services, Inc.
- Broadcom, Inc.
- DigiCert Inc.
- ForgeRock
- GlobalSign
- IBM
- Keyfactor, Inc.
- Ping Identity
- Telefonaktiebolaget LM Ericsson
- Thales Group