Pune, India -- (SBWire) -- 11/01/2017 --IOT- Identity Access Management Market-Overview:
Identity access management simply means a structure used in business procedures which help in accessing electronic identities. IAM is a structure which contains policies and proper technology required for the management of identity. This deals with identifying individuals within a system and further managing their access in the system with the help of user rights and restrictions that is captured with the identity. It becomes crucial to control machine identities and human & non-human services to manage the entire structure of the organization.
There are various factors which are helping in the rise of IOT-Identity Access Management Market globally. Huge acceptance of cloud services across the globe is propelling the market growth of identity access management. Rising consumer grade identity by social media is further fueling the expansion of the market. Increasing awareness about Build Your Own Device (BYOD) is helping the adoption of IOT-IAM market globally. Government initiatives in various regions are also benefitting the upsurge of IOT-identity access management market globally. The global IOT- identity access management market will probably grow from USD ~8 Billion in 2016 to USD ~20 Billion by 2022, at an estimated CAGR of ~16%.
The market growth of IOT- identity access management market is facing huge competition in the global market. The differentiated techniques in IOT-identity access management market by various is somehow effecting the market growth. Other than this the lack of awareness among people in knowing the guidelines of identity access management system is also hindering the growth of IOT-identity access management market, globally.
IOT- Identity Access Management Market Competitive Analysis:
CENTRI which is known as a contributor of advanced security for the Internet of Things specified on October 2017 CENTRI Internet of Things Advanced Security – IoTAS currently assists the ARMMBED IoT Device Platform. CENTRI is also a member of the Mbed acquisition campaign and will demonstrate IoTAS at the Arm TechCon 2017event on October 24-26 at Santa Clara Convention Center, Santa Clara, CA.
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Some of the key contributors of global IOT-identity access management system are IBM Corporation (U.S.), Microsoft Corporation (U.S.), Hitachi, Ltd. (Japan), EMC Corporation (U.S.), Intel Security Group (U.S.), Siemens AG (Germany), Oracle Corporation (U.S.), ARCON Tech Solutions (India), Cloud Security Alliance (U.S.) and CA Technologies (U.S.) among others.
IOT- Identity Access Management Market Segmentation:
Identity access management market is segmented into 4 divisions:
Segmentation by Services: Multi-factor Authentication, Password Management, Directory Services.
Segmentation by Components: Network Hardware, Cooling Units.
Segmentation by End User: Banking, IT, Healthcare, Government.
Segmentation by Region: North America, Europe, Asia Pacific and ROW.
IOT- Identity Access Management Market-Regional Analysis:
North America is primarily dominating huge part of the IOT-identity access management market. North American government is further instigating the use of personal identification card which is propelling the market growth.
Europe is in the second place contributing hugely in the IOT-identity access management market. Countries like UK, Germany are some of the major contributor of Europe.
Asia Pacific is expected to capture huge part of IOT-identity access management market. Constantly developing countries like India, China, Japan and South Korea are projected to contribute highly in the development of IOT-identity access management market.
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Iot- Identity Access Management Market to Reach at a CAGR of 16% by 2022: MRFR Delineates