Internet of Things (IoT) IAM - Global Strategic Business Report

The global market for Internet of Things (IoT) IAM was estimated at US$19.5 Billion in 2023 and is projected to reach US$143.0 Billion by 2030, growing at a CAGR of 32.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Internet of Things (IoT) IAM Market - Key Trends and Drivers Summarized

Why Is Internet of Things (IoT) IAM Crucial for Securing IoT Ecosystems?

Internet of Things (IoT) Identity and Access Management (IAM) solutions are essential for securing IoT ecosystems by managing and controlling access to connected devices and systems. As IoT networks grow and become more complex, managing the identities of devices, users, and applications becomes critical to ensuring secure communication and preventing unauthorized access. IoT IAM solutions authenticate and authorize devices, ensuring that only trusted entities can communicate within an IoT environment. With industries like healthcare, manufacturing, and smart cities relying on large-scale IoT deployments, the need for robust IAM solutions has never been more pressing to prevent data breaches, ensure compliance, and protect critical infrastructure from cyberattacks.

How Are Technological Advancements Shaping the IoT IAM Market?

Technological advancements are significantly enhancing the capabilities of IoT IAM solutions. The integration of artificial intelligence (AI) and machine learning (ML) is enabling more sophisticated threat detection and behavioral analytics, allowing IoT IAM systems to identify anomalies and potential security breaches in real time. Blockchain technology is also emerging as a key innovation, offering decentralized and tamper-proof identity verification mechanisms for IoT devices. Additionally, advancements in biometric authentication and multi-factor authentication (MFA) are further strengthening security by ensuring that both devices and users are securely verified before accessing critical systems. These innovations are making IoT IAM solutions more robust and capable of handling the increasing complexity of IoT networks.

How Do Market Segments Define the Growth of the IoT IAM Market?

Components include solutions and services, with identity governance and privileged access management solutions dominating the market due to the need for secure control over IoT devices. Deployment models include cloud, on-premises, and hybrid, with cloud-based solutions gaining significant traction as businesses seek scalable and flexible security solutions. Industry verticals include healthcare, manufacturing, transportation, and smart cities, with the manufacturing sector leading the adoption of IoT IAM due to the need for secure access control in industrial IoT environments. The market is expanding rapidly in regions like North America and Europe, where cybersecurity regulations are stringent, but also gaining momentum in Asia-Pacific, driven by the growing adoption of IoT in industries.

What Factors Are Driving the Growth in the IoT IAM Market?

The growth in the IoT IAM market is driven by several factors, including the rising adoption of IoT devices, increasing cybersecurity threats, and the growing need for regulatory compliance. As the number of connected devices continues to rise, managing the identities and access rights of these devices is becoming increasingly complex, necessitating robust IAM solutions. The growing threat of cyberattacks targeting IoT devices is also driving demand for IAM solutions that can provide secure authentication and authorization mechanisms. Additionally, regulatory frameworks like GDPR and HIPAA are pushing organizations to invest in IoT IAM to ensure compliance with data protection and privacy laws, further accelerating market growth.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Solutions Component segment, which is expected to reach US$82.6 Billion by 2030 with a CAGR of a 31.7%. The Services Component segment is also set to grow at 34.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, which was estimated at $5.7 Billion in 2023, and China, forecasted to grow at an impressive 31.8% CAGR to reach $21.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Internet of Things (IoT) IAM Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Internet of Things (IoT) IAM Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Internet of Things (IoT) IAM Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players in the Internet of Things (IoT) IAM market such as Amazon Web Services (AWS), CA Technologies, Certified Security Solutions (CSS), Covisint Corporation, Forgerock, Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 36 companies featured in this Internet of Things (IoT) IAM market report include:

• Amazon Web Services (AWS)
• CA Technologies
• Certified Security Solutions (CSS)
• Covisint Corporation
• Forgerock, Inc.
• Gemalto NV
• Globalsign
• Logmein, Inc.
• Micro Focus International PLC
• Ping Identity Corporation