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(Wireless-NewsWire.Com, October 25, 2018 ) The Global IoT IAM Market was valued at USD 1.21 billion in 2016 and is projected to reach USD 18.82 billion by 2025, growing at a CAGR of 35.65% from 2017 to 2025.
The Internet of Things IAM is a system that aids organizations efficiently manage the identities of the users that are connected to the networking devices and performing business-critical applications. The innovations in technology have boosted the use of IT systems, digital solutions, and connected devices. There are several advantages linked to the usage of global IoT IAM such as the increase in the efficiency, the competency of the system to identify risks as well as a large amount of security it provides.
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Recently, there has been a significant increase in the adoption of technologies that have implemented the biometric system such as laptops, tablets as well as smartphones. This, as well as the rise in the implementation of systems such as the Bring Your Own Device as well as the increasing number cybersecurity breaches and attacks, are factors that drive the market for the global IoT IAM. The factors such as the budget constraints, security concerns as well as the absence of technological expertise in the field of IAM solutions are restraining the IoT IAM market.
Competitive Landscape:
The major players in the market are as follows:
CA Technologies
Amazon Web Services (AWS)
Globalsign
Micro Focus International PLC
Certified Security Solutions (CSS)
Gemalto NV
Ping Identity Corporation
Forgerock, Inc.
Logmein, Inc.
Covisint Corporation
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