The IoT Identity Access Management (IAM) market is covered in a new major research report that We Markets has added. With a focus on the essential principles of the IoT Identity Access Management (IAM) market, the study seeks to give investors worldwide a decision-making tool that could change the game.
The Global IoT Identity Access Management (IAM) market size is presently valued at USD 13,400 million and is poised to reach a valuation of USD 25,600 million by 2033, amplifying at a CAGR of 13.7%.
IoT identity access management is referred to as an IT security solution to assess the identities of IoT tools deployed across organizations. It ensures that the employees inside a firm get hold of the right devices to tools to do their jobs. Moreover, it also facilitates the efficient management of employee apps without the risks of data breaching. The increasing occurrence of data breaches across organizations, rising cognizance regarding compliance management, and technological innovations in the field are primarily boosting the industry growth.
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Included in the research report will be historical analysis of the market’s total global revenues as well as important metrics such as sales and revenue totals, key products, instrumental drivers, and challenges. With a trustworthy comprehensive overview of the IoT Identity Access Management (IAM) market, the report’s data is compiled from a wide range of primary and secondary information sources. Global governing bodies serve as the main data source for the research report, which also includes objective growth estimates and an independent forecast analysis.
In their capacity as global scale transformers, the major stakeholders’ market share will also be examined in the IoT Identity Access Management (IAM) research report. Important product offerings, unique selling points, revenue share, market size, market condition, and tactics will all be covered in this qualitative and quantitative study. Important agreements, joint ventures, and international partnerships that are about to alter market dynamics globally will also be covered in the report.
Top Key Players
Microsoft Corporation, Amazon Web Services, LogMeIn, Inc., Intel Security Group, Oracle Corporation, Siemens AG, CA Technologies, Cloud Security Alliance, Arcon Tech Solutions, EMC Corporation, Hitachi Ltd., Schlumberger Limited, Kappa Engineering, General Electric Company, and IBM Corporation
Global IoT Identity Access Management (IAM) Market—Segmental Analysis
By Service
The access management user provisioning segment is slated to amass notable gains over the stipulated timeline ascribing to its vast array of benefits.
By Application
The IT & Telecommunication segment is likely to develop with a high CAGR over the analysis timeline owing to the growing instances of cyberattacks.
Global IoT Identity Access Management (IAM) Market-Geographical landscape
North America, Middle East & Africa, Latin America, Europe, and Asia Pacific are the major regions defining the geographical ambit of this industry sphere. Among these, North America is poised to capture a high market share. This is attributable to the rising incidences of data breaching, growing trend of remote work, and the presence of noteworthy market players.
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Growing instances of data breaches to aid the market expansionWith the advent of innovative technologies and digital evolution, there has a steep rise in the instances of data breaches and other forms of cyberattacks. The ability of IAM solutions to identify unauthorized penetration into any digital application or software is increasing its deployment across sectors such as finance, BFSI, automotive, and retail, among others.
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