IoT Identity access management (IAM), also known as identity management, is an IT security discipline, framework, and solutions to manage identities of IoT devices. IoT Identity access management provides a fundamental security component that ensures the IoT ecosystem is not accessible to unauthorized users. IoT devices are focused on connecting things, people, tools, and apps, and IoT Identity access management helps provide end-to-end encryption, overload detection, and unauthorized access elimination to build robust security capabilities.
MARKET SCOPE
The "Global IOT identify access management (IAM) market Analysis to 2028" is a specialized and in-depth study of the IOT identify access management (IAM) market with a special focus on the global market trend analysis. The report aims to provide an overview of the IOT identify access management (IAM) market with detailed market segmentation by component, enterprise size, deployment type, end-user, and geography. The global IOT identify access management (IAM) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IOT identify access management (IAM) market players and offers key trends and opportunities in the IOT identify access management (IAM) market.
MARKET SEGMENTATION
- The global IOT identify access management (IAM) market is segmented on the basis of component, enterprise size, deployment type, and end-user.
- On the basis of component the market is segmented as software, services.
- On the basis of enterprise size, the market is segmented as SMEs, large enterprise.
- On the basis of deployment type the market is segmented as cloud, on-premise
- On the basis of end-user, the market is segmented as education, IT & telecommunication, retail, media and entertainment, others.
MARKET DYNAMICS
Drivers:
- Rapid advancements in smartphone technology, and increasing use of smartphones for controlling various IoT devices at home. This is expected to boost the IoT identity access management (IAM) market during the forecast period.
Restraints:
- Lack of awareness about the advantages of IoT identity access management (IAM) restrains organizations from spending on identity management to strengthen their security infrastructure, which in turn is expected to hamper the market during the forecast period..
REGIONAL FRAMEWORK
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 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The IOT identify access management (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 demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 identify access management (IAM) market in these regions.
IMPACT OF COVID-19 ON IOT identify access management (IAM) MARKET
The rapid spread of the Covid-19 pandemic has triggered a massive financial crisis and created a health crisis across the globe. The ongoing pandemic also had a significant impact on overall international trade and businesses. The outbreak of COVID-19 has slowed down the growth of the IOT identify access management (IAM) market owing to challenges in maintaining operational continuity, securing network data, and adapting to new traffic patterns. Organizations have actively focused on understanding the function of automation in digital transformation due to the pandemic. Moreover, enterprises also learn to measure the Return on Investment (ROI) as compared to other competing initiatives. These factors are expected to have a significant effect on the market over the coming years.
MARKET PLAYERS
The report covers key developments in the IOT identify access management (IAM) market 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 way for the expansion of business and customer base of market players. The market payers from IOT identify access management (IAM)market are anticipated to lucrative growth opportunities in the future with the rising demand for the IOT identify access management (IAM) market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the IOT identify access management (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.
- Schlumberger Limited
- Kappa Engineering
- Oilfield Production Consultants (OPC) Limited
- General Electric Company
- KYPipe LLC
- Petroxin Ltd.
- Altair Engineering Inc.
- Bright Petroleum Software Solution
- Bentley Systems Incorporated
- Eaton Corporation PLC