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Global IoT IAM Market Report 2021

The rise in adoption of internet of Things (IoT) and Bring Your Own Device (BYOD) trends will drive the IoT Identity Access Management (IAM) market

The rise in adoption of internet of Things (IoT) and Bring Your Own Device (BYOD) trends will drive the IoT Identity Access Management (IAM) market

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<strong>Global</strong> <strong>IoT</strong> <strong>IAM</strong> <strong>Market</strong> <strong>Report</strong> <strong>2021</strong>


DESCRIPTION<br />

The <strong>IoT</strong> <strong>IAM</strong> market is driven by factors 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 to grow at the highest CAGR during the forecast period. This is<br />

mainly due to 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 to 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 to grow from USD 1.10 billion in 2016 to 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 to grow at the highest CAGR during the forecast period, as<br />

authentication is the primary process for verifying the user and device identities to<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 to manage identities and policies.<br />

Asia-Pacific (APAC) is expected to 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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