San Francisco, California, May 30, 2017: TMR Research announces a new report on the global market for identity and access management (IAM) solutions based on an IoT (Internet of Things) platform. The report examines the historical development trajectory of the global IoT IAM market and presents a detailed review of the present conditions of the market. Based on this solid database, the report presents reliable forecasts regarding the future development trajectory of the global IoT IAM market. The report is titled ‘IoT IAM Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.’
Identity and access management devices and technology constitute a key part of operations for players across the industrial spectrum, as they provide reliable security services to protect sensitive and valuable company information. Due to the rising diversity and use of technology in the corporate as well as industrial sectors, the IoT IAM market is likely to remain crucial in the coming years, leading to its steady growth.
The rising adoption of Bring Your Own Device (BYOD) schemes in the corporate sector is likely to be a key driver for the global IoT IAM market. BYOD schemes present several advantages to employers, as it reduces the employer’s expenditure by removing the need for devices. It also allows for much more flexible operation, as employees can choose their own devices and location to work from. However, BYOD schemes come with the inevitable drawback of having to allow several new devices access to the company’s essential data. This poses a significant risk for employers, leading to IoT IAM technology becoming a key complement to BYOD schemes. This is likely to remain a key driver for the global IoT IAM market in the coming years, as BYOD schemes are expected to become the norm rather than exception in various fields in the coming years.
The rising prevalence of cybercrime is another major driver for the global IoT IAM market. While BYOD schemes open up company data to employees, they also lead to a higher risk of cybercrime affecting the data, as the target data is available in several locations and the company’s mainframe can also be targeted through separate devices.
The global IoT IAM market is likely to rise at a rapid pace in the coming years due to the rising incorporation of cloud infrastructure in IoT IAM systems. The use of cloud technology makes the implementation of BYOD schemes not only more convenient, but also safer. The rising government support to widespread adoption of cloud networks is thus also likely to be a key driver for the global IoT IAM market. The consistent technological development observed in the IoT sector is, naturally, a major driver for the global IoT IAM market.
Due to the rising adoption of digital operation mechanisms, the BFSI sector is likely to be the leading consumer in the IoT IAM market in the coming years. The oil and gas industry is also likely to play a key role in the growth of the global IoT IAM market.
Leading players in the global IoT IAM market include Certified Security Solutions, Amazon Web Services, Ping Identity, GlobalSign, CA Technologies, and ForgeRock Inc.