IoT IAM Market by Solution & Service - 2021

IoT IAM market categorizes the global market by solution, by service as professional and managed service, by security type, by deployment mode, by organization size, by vertical and by region.

(EMAILWIRE.COM, August 03, 2017 ) The Internet of Things (IoT) Identity Access Management (IAM) market size is expected to grow from USD 1.10 Billion in 2016 to USD 4.97 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 35.2% during the forecast period. The major growth drivers of the IoT IAM market include the rise in adoption of Bring Your Own Device (BYOD) trend, rise in frequency of cybersecurity breaches and cyber-attacks, and massive growth in the IoT trend.

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The IoT IAM market is segmented by solution, service, security type, deployment mode, organization size, industry vertical, and region. The solution segment is estimated to have the largest market size in 2016. Moreover, the service segment is expected to grow at the highest CAGR during the forecast period, as the number of connected devices are growing at a massive rate, resulting in increase in cyber-attacks and creating demands for more comprehensive IoT IAM solutions and services that would help to manage millions and billions of identities and policies that are associated with various IoT devices.

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The authentication segment is expected to grow at the highest CAGR during the forecast period. However, the provisioning segment accounts for the largest share of the IoT IAM market in 2016. The cloud-based deployment mode is expected to grow at the highest CAGR during the forecast period. The large enterprises segment is expected to account for the largest market size in 2016. Moreover, the SMEs segment is expected to grow at the highest CAGR during the forecast period.