According to the recent research report titled ‘Global IoT Identity Access Management (IAM) Market Size study, By Component (Solutions, Services), By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Other Security Types), By Deployment Mode (Cloud, On-premises), By End-User (BFSI, Automotive, Healthcare, Telecom and IT, Public Sector and Utilities, Retail and Consumer Goods, Others), and Regional Forecasts 2022-2028, available with MarketStudyReport, global IoT identity access management market is expected to exhibit a considerable growth rate during 2022-2028.

The primary drivers of global IoT identity access management market growth are the increasing frequency of cybersecurity breaches & attacks, the rising integration of IAM alongside IoT devices, and the surging imposition of regulations for cyber security.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/5490006/  

For those unaware, identity management is another name for IoT Identity access management (IAM). It is a collection of technologies and regulations that allow authorized people to access technology resources and control the identities of IoT devices. 

Additionally, it is anticipated that during the forecast period, the growing acceptance of the Bring Your Own Device (BYOD) trend, the accelerating uptake of the Internet of Things (IoT), and the growing penetration of biometric systems through smartphones, laptops, & tablets will act as catalyzing factors for the market expansion.

However, rising costs, budgetary issues of IoT IAM solutions, and lack of security, expertise, & awareness might impede the progress of the business sphere over the forecast period of 2022-2028.

Worldwide IoT identity access management marketplace is segmented on the basis of component, security type, deployment mode, and end-user model. By component type, the market is split into services and solutions. In terms of security type, this business space is divided into network security, application security, endpoint security, cloud security, and other security types.

Based on deployment mode, the industry is segregated into on-premises and cloud models. In terms of end-user scope, the market is bifurcated into BFSI, healthcare, automotive, telecom and IT, retail & consumer goods, public sector & utilities, and others.

The regional landscape of this marketplace spans across North America, Asia Pacific, Europe, Latin America, and the rest of the world. Among these, North America market is expected to register a significant growth rate over the study period, owing to growing acceptance of the BYOD trend and rising integration of IAM with IoT devices.

Whereas Asia Pacific industry is estimated to generate sustainable gains during the forecast period, due to an increasing number of cyber-attacks & security breaches and rising proliferation of the internet across the region.

The major players formulating competitive landscape of global IoT identity access management industry are Oracle Corporation, Google LLC, Telefonaktiebolaget LM Ericsson, Cisco Systems Inc., OpenText Corporation, Broadcom Inc., Microsoft Corporation, International Business Machines (IBM) Corporation, Thales Group, and Amazon Web Services, Inc.