Pune, India -- (SBWIRE) -- 10/09/2017 -- Market Highlights:

Identity access management is a complex process consisting of various policies, procedures, activities and technologies that require the coordination of company departments namely human resources and IT. IOT identifiers are the unifying element of people, places, things, and information, providing a platform for entity interaction management. It also develops & deliver infrastructure, services, and applications to create new lines of business and ensure the appropriate access to business services. It is very important to manage service accounts, machine identities and human & non-human services to control the overall framework of the organization. Also, administrating IAM activities, provisioning and enforcement process can be automated through the use of IAM application software tools. The IAM application software tools are used by all organizations ranging from small IT departments to large global IT departments. The IAM application tools can also be customized for global IT departments. The major driving factors for growth of IOT- identity access management market are the growing adoption of cloud services, merchandising of functions of identity access management, boosting consumer-grade identities by social media & bring your own device (BYOD) and rising consumer centric identity access management.

The global IOT- identity access management market is expected to grow from USD ~8 Billion in 2016 to USD ~20 Billion by 2022, at an estimated CAGR of ~16%. The growth of this market can be constrained by factors such as continuous up-gradation of valuable features and differentiation techniques followed by competitor vendors. The other factors restraining the growth of this market are issues related to implementation guidelines and the proper assignment of security policies to the specific users.

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Major Key Players

- 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.)
- CA Technologies (U.S.)

Segments:

The Global IOT- Identity Access Management Market has been segmented on the basis of services, deployment, customer type and industry. Services comprises of user provisioning, multi-factor authentication, directory services, password management, access management and single-sign-on (SSO) among others. Deployment comprises of on-cloud, on-premise and hybrid. Industry include small and medium enterprises (SME's) and large enterprises among others. End-user can be segmented on basis of IT & telecom, government, energy & utility services, education, retail & e-commerce, banking & financial services, media & entertainment and manufacturing among others.

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Regional Analysis
The regional analysis of IOT- identity access management market is being studied for areas such as Asia pacific, North America, Europe and rest of the world. North America is expected to dominate the IOT- identity access management market owing to rapid adoption of cloud applications and mobile applications in the region. In the North American region, many federal government organizations are emphasizing on use of personal identification card for accessing government IT infrastructure which is also fueling the IoT-identity access management market in the region. Europe is projected to grow owing to the establishment of policies by government cyber authorities to protect confidential data. The Asia Pacific region is expected to grow owing to increasing adoption of cloud based services by small and large organizations in developing countries like China and India.

Intended Audience

- Cyber security providers
- System integrators
- Government organizations
- Resellers
- Security service providers
- Consultancy firms

LIST OF TABLES
TABLE 1 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET, BY SERVICES
TABLE 2 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET, BY DEPLOYMENT
TABLE 3 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET, BY INDUSTRY
TABLE 4 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET, BY END USERS

LIST OF FIGURES
FIGURE 1 RESEARCH NETWORK SOLUTION
FIGURE 2 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET: BY SERVICES (%)
FIGURE 3 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET: BY DEPLOYMENT (%)
FIGURE 4 GLOBAL IOT IDENTITY ACCESS MANAGEMENT MARKET: BY INDUSTRY (%)

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