IoT Identity & Access Management
IoT Identity & Access Management Market by Component (Services, Solutions), Security Type (Application Security, Cloud Security, Endpoint Security), Deployment Mode, Organization Size, Industry - Global Forecast 2024-2030
360iResearch Analyst
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[183 Pages Report] The IoT Identity & Access Management Market size was estimated at USD 6.60 billion in 2023 and expected to reach USD 7.61 billion in 2024, at a CAGR 15.76% to reach USD 18.40 billion by 2030.

Internet of Things (IoT) identity & access management (IAM) refers to the systems and technologies used to authenticate and authorize devices, individuals, and services in the IoT ecosystem while ensuring secure communication and protecting data. It plays a pivotal role in managing digital identities, enabling the right entities to access the right resources at the right times for the right reasons. The drivers behind the growing importance of IoT IAM include the exponential increase in connected devices, heightened cybersecurity threats, and stringent regulatory compliance requirements. The need to secure these devices and their interactions becomes critical as businesses and consumers increasingly adopt smart devices for a myriad of applications, from home automation to industrial control systems. IoT IAM solutions help in addressing these security concerns by ensuring that only authorized devices, users, or services can access or interact with the IoT system, safeguarding sensitive data and operations. However, the adoption of IoT IAM comes with challenges. The diversity and volume of IoT devices, each with different capabilities and security standards, complicate the implementation of a unified IAM solution. Additionally, balancing ease of access with security measures, managing the lifecycle of IoT devices, and integrating IAM with existing systems pose significant hurdles. Opportunities in IoT IAM include advancements in technologies, such as artificial intelligence, blockchain, and machine learning offer new avenues to enhance security measures, automate identity management processes, and ensure scalability. Furthermore, as businesses recognize the competitive advantage of secure and efficient IoT deployments, the demand for innovative IAM solutions is expected to grow, presenting a promising market for providers skilled in addressing these complex needs.
Regional Insights

The adoption of Internet of Things Identity & Access Management (IoT IAM) solutions varies globally, driven by stringent regulatory standards and significant IoT device implementation across healthcare, automotive, and retail sectors in the United States. Canada follows these trends, however, on a smaller scale, emphasizing data privacy and regulatory compliance. European countries, led by Germany, France, and the United Kingdom, focus on security and GDPR compliance, enhancing their IoT infrastructure through various initiatives. The Middle East, particularly the UAE and Saudi Arabia, is driven by smart city projects and industrial modernization, while Africa sees slower growth due to economic constraints, with South Africa investing in IoT and cybersecurity. China is a significant player, focusing on industrial applications and smart cities, supported by government policies advocating advanced cybersecurity measures. Japan emphasizes secure IoT frameworks in automotive, manufacturing, and consumer electronics, and India experiences rapid IoT adoption despite infrastructural challenges. Commercialization efforts include launching advanced IAM solutions across various sectors, supported by public-private collaborations, and notable initiatives such as the U.S. government's enhanced cybersecurity policies and the European Union's digital transformation projects underscore a commitment to robust IoT IAM frameworks.

The comparison of regulatory frameworks for IoT Identity & Access Management (IAM) highlights variations across geographies, with the United States enacting stringent laws such as the Cybersecurity Information Sharing Act (CISA) and National Institute of Standards and Technology (NIST) guidelines, demanding robust IAM solutions to protect critical infrastructure and data. Vendors in the U.S. focus on integrating advanced technologies, including AI and blockchain, and form strategic partnerships to ensure compliance and gain competitive advantages. Europe, governed by the General Data Protection Regulation (GDPR), compels companies to adopt comprehensive IAM solutions, prompting European vendors to prioritize compliance and invest significantly in research and development (R&D). The Asia-Pacific region faces diverse regulatory landscapes, including China's Cybersecurity Law and Japan's Protection of Personal Information (APPI), directing vendors to provide localized IAM solutions and expand services to include compliance management. In the Middle East and Africa (MEA), regulations such as the UAE's National Cybersecurity Strategy and South Africa's Protection of Personal Information Act (POPIA) drive IAM adoption, with vendors focusing on modular solutions and public-private partnerships.

IoT Identity & Access Management Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the IoT Identity & Access Management Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Significant integration of IAM with IoT devices
    • Rise in number of cyberattacks and cybersecurity breaches
    • Rapid growth of the biometric technologies through electronic gadgets
  • Market Restraints
    • Concern associated with budget constraints for IoT IAM solutions
  • Market Opportunities
    • Emergence of Bring Your Own Identity (BYOI) approach
    • Surging role of government cybersecurity mandates
  • Market Challenges
    • Issues pertaining to security issues and dearth of skilled personnel
Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the IoT Identity & Access Management Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the IoT Identity & Access Management Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the IoT Identity & Access Management Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the IoT Identity & Access Management Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the IoT Identity & Access Management Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the IoT Identity & Access Management Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the IoT Identity & Access Management Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the IoT Identity & Access Management Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the IoT Identity & Access Management Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the IoT Identity & Access Management Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

Before utilizing the IoT Identity & Access Management Market Research Report by 360iResearch, we faced significant challenges in navigating the rapid growth of biometric technologies in electronic gadgets. The report provided us with valuable insights and actionable strategies that were crucial for our success. Specifically, the detailed market trends and forecasts enabled us to make informed decisions, optimize our product development, and stay ahead of our competitors. The comprehensive analysis of the market landscape and competitive intelligence were instrumental in refining our business strategies. Overall, we are extremely satisfied with the report's impact on our operations, achieving greater efficiency and market positioning.
SailPoint Technologies, Inc.
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FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the IoT Identity & Access Management Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the IoT Identity & Access Management Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the IoT Identity & Access Management Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Understanding the complexities of integrating IAM with IoT devices was a significant challenge for our organization. The IoT Identity & Access Management Market Research Report by 360iResearch offered invaluable insights and actionable strategies that revolutionized our approach. The report’s detailed analysis and innovative solutions enabled us to seamlessly integrate our IAM systems with IoT devices, enhancing security and operational efficiency. Our operations have seen marked improvement, and we couldn't be more satisfied with the positive impact on our organization.
One Identity LLC. by Quest Software Inc.
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Key Company Profiles

The report delves into recent significant developments in the IoT Identity & Access Management Market, highlighting leading vendors and their innovative profiles. These include SailPoint Technologies, Inc., One Identity LLC. by Quest Software Inc., KaaIoT Technologies, LLC, Open Text Corporation, HID Global Corporation by ASSA ABLOY, Optiv Security, Inc., DigiCert, Inc., Telefonaktiebolaget LM Ericsson, Entrust Corporation, IdentityFusion, Inc., Okta, Inc., Broadcom Inc., Oracle Corporation, Thales Group, and GlobalSign by GMO Group.

IoT Identity & Access Management Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the IoT Identity & Access Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Services
      • Managed
      • Professional
    • Solutions
      • Access Management & Authorization
      • API Management
      • Audit, Compliance & Governance
      • Authentication
      • Digital Certificate
      • Directory Services
      • Lifecycle Management
      • Password Management
      • Single Sign-On
  • Security Type
    • Application Security
    • Cloud Security
    • Endpoint Security
    • Network security
  • Deployment Mode
    • Cloud
    • On-Premises
  • Organization Size
    • Large Enterprises
    • SMEs
  • Industry
    • Automotive
    • Banking, Finance Services, & Insurance
    • Energy & Utilities
    • Healthcare
    • IT & ITeS
    • Manufacturing
    • Oil & Gas
    • Retail & Consumer Goods
    • Telecommunications

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

As a key player in the IoT space, KaaIoT Technologies faced significant challenges in managing identity access across our diverse array of devices. The IoT Identity & Access Management Market Research Report by 360iResearch provided valuable insights into the 'Emergence of the Bring Your Own Identity (BYOI) approach.' The actionable strategies outlined in the report have redefined our access management protocols. For example, we noticed a 30% increase in security efficiency within three months of implementing the report's recommendations. Our overall satisfaction with the 360iResearch report is immense, as it has been pivotal in enhancing both the security and operational efficiency of our organization.
KaaIoT Technologies, LLC
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This research report offers invaluable insights into various crucial aspects of the IoT Identity & Access Management Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. IoT Identity & Access Management Market, by Component
  7. IoT Identity & Access Management Market, by Security Type
  8. IoT Identity & Access Management Market, by Deployment Mode
  9. IoT Identity & Access Management Market, by Organization Size
  10. IoT Identity & Access Management Market, by Industry
  11. Americas IoT Identity & Access Management Market
  12. Asia-Pacific IoT Identity & Access Management Market
  13. Europe, Middle East & Africa IoT Identity & Access Management Market
  14. Competitive Landscape
  15. Competitive Portfolio
  16. List of Figures [Total: 26]
  17. List of Tables [Total: 664]
  18. List of Companies Mentioned [Total: 15]
Frequently Asked Questions
  1. How big is the IoT Identity & Access Management Market?
    Ans. The Global IoT Identity & Access Management Market size was estimated at USD 6.60 billion in 2023 and expected to reach USD 7.61 billion in 2024.
  2. What is the IoT Identity & Access Management Market growth?
    Ans. The Global IoT Identity & Access Management Market to grow USD 18.40 billion by 2030, at a CAGR of 15.76%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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