IoT IAM Market - Global Forecast to 2021
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<strong>Global</strong> <strong>IoT</strong> <strong>IAM</strong> <strong>Market</strong> Report <strong>2021</strong>
DESCRIPTION<br />
The <strong>IoT</strong> <strong>IAM</strong> market is driven by fac<strong>to</strong>rs such as rise in adoption of BYOD<br />
trend, rise in frequency of cybersecurity breaches and cyberattacks, and<br />
massive growth in the <strong>IoT</strong> trend. However, lack of security, expertise, &<br />
awareness and cost and budget concerns for <strong>IoT</strong> <strong>IAM</strong> solutions may restrict<br />
the market growth, and difficulties in assigning unique identities for every<br />
network asset of an organization may also limit the growth of the <strong>IoT</strong> <strong>IAM</strong><br />
market. APAC includes emerging economies, such as China, Australia,<br />
Singapore, and India, which are rapidly deploying <strong>IoT</strong> <strong>IAM</strong> solutions. APAC is<br />
expected <strong>to</strong> grow at the highest CAGR during the forecast period. This is<br />
mainly due <strong>to</strong> the increasing adoption of <strong>IoT</strong> and BYOD trends in many<br />
industry verticals such as BFSI, government, IT & telecom, energy, oil & gas,<br />
healthcare, and retail. Furthermore, North America is expected <strong>to</strong> have the<br />
largest market size in 2016.
Summary<br />
The rise in adoption of internet of Things (<strong>IoT</strong>) and Bring Your Own Device (BYOD)<br />
trends will drive the <strong>IoT</strong> Identity Access Management (<strong>IAM</strong>) market The <strong>IoT</strong> <strong>IAM</strong><br />
market size is estimated <strong>to</strong> grow from USD 1.10 billion in 2016 <strong>to</strong> USD 4.97 billion<br />
by <strong>2021</strong>, at a Compound Annual Growth Rate (CAGR) of 35.2%. The authentication<br />
segment is estimated <strong>to</strong> grow at the highest CAGR during the forecast period, as<br />
authentication is the primary process for verifying the user and device identities <strong>to</strong><br />
make the applications accessible. Furthermore, provisioning will have the largest<br />
market size in 2016, as provisioning deals with access resources within Information<br />
Technology (IT) and use <strong>to</strong> manage identities and policies.<br />
Asia-Pacific (APAC) is expected <strong>to</strong> have the highest growth rate during the forecast<br />
period.
List of Tables<br />
1 INTRODUCTION 15<br />
1.1 OBJECTIVES OF THE STUDY 15<br />
1.2 MARKET DEFINITION 15<br />
1.3 MARKET SCOPE 16<br />
1.3.1 MARKETS COVERED 16<br />
1.3.2 YEARS CONSIDERED FOR THE STUDY 17<br />
1.4 CURRENCY 17<br />
1.5 LIMITATIONS 17<br />
1.6 STAKEHOLDERS 18<br />
2 RESEARCH METHODOLOGY 19<br />
2.1 INTRODUCTION 19<br />
2.2 RESEARCH DATA 21<br />
2.2.1 SECONDARY DATA 21<br />
2.2.1.1 Key data from secondary sources 21<br />
2.2.2 PRIMARY DATA 21
TABLE OF CONTENTS<br />
TABLE 1 IOT <strong>IAM</strong> MARKET SIZE AND GROWTH, 2014<strong>2021</strong> (USD MILLION, Y-<br />
O-Y %) 29<br />
TABLE 2 IOT <strong>IAM</strong> MARKET SIZE, BY SOLUTION, 2014<strong>2021</strong> (USD MILLION) 55<br />
TABLE 3 PROVISIONING: IOT <strong>IAM</strong> MARKET SIZE, BY REGION, 2014<strong>2021</strong><br />
(USD MILLION) 56<br />
TABLE 4 DIGITAL CERTIFICATE: IOT <strong>IAM</strong> MARKET SIZE, BY REGION,<br />
2014<strong>2021</strong> (USD MILLION) 56<br />
TABLE 5 API MANAGEMENT/API GATEWAYS: IOT <strong>IAM</strong> MARKET SIZE, BY<br />
REGION,<br />
2014<strong>2021</strong> (USD MILLION) 57<br />
TABLE 6 AUTHENTICATION: IOT <strong>IAM</strong> MARKET SIZE, BY TYPE, 2014<strong>2021</strong><br />
(USD
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