IoT IAM Market is expected to grow at a CAGR of 11.59% through 2030F
The
global IoT IAM market is expected to be led by the IT & ITeS segment due to
its rapid digital adoption and complex security requirements, during the
forecast period 2026-2030F
According to TechSci Research report, “IoT IAM Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F, The
Global IoT IAM Market was valued at USD 16.89 billion in 2024 and is expected
to reach USD 32.61 billion by 2030 with a CAGR of 11.59% through 2030.
Global
regulatory bodies are intensifying their focus on cybersecurity, digital
identity, and data protection as the consequences of weak authentication
mechanisms and unauthorized access become more severe. Governments are enacting
stringent frameworks requiring organizations to maintain full visibility and
control over who or what accesses their data, especially in the context of
Internet of Things ecosystems. Regulations such as the Cyber Resilience Act in
Europe, the U.S. Federal Internet of Things Cybersecurity Improvement Act, and
similar mandates in Asia and the Middle East are enforcing minimum standards
for identity and access controls. These rules often require businesses to
implement cryptographic identity verification, device-level access logs,
role-based access control, and automated threat detection, directly fueling the
demand for comprehensive identity and access management solutions.
Failure to
comply with these regulations can result in severe financial penalties,
operational shutdowns, or loss of market access, making compliance not just a
legal requirement but a business imperative. Identity and access management
systems provide organizations with audit trails, real-time analytics, and
policy enforcement tools necessary to prove regulatory alignment and ensure
business continuity. As governments continue to expand their oversight of
digital security practices, enterprises are proactively integrating identity
solutions into their Internet of Things architecture to future-proof operations
and avoid legal or financial repercussions. This dynamic has created a
compliance-driven purchasing pattern in the Global IoT IAM market, where regulatory
evolution directly correlates with increased solution deployment.
A significant
trend influencing the global IoT IAM market is the growing emphasis on identity
federation to enable secure interoperability across multi-vendor ecosystems. As
organizations deploy increasingly complex networks of connected devices from
various manufacturers, each with their proprietary security models and identity
mechanisms, the need for a federated identity approach has become critical.
Identity federation allows multiple autonomous systems to recognize and trust
each other's identity assertions through agreed-upon protocols and standards,
facilitating seamless access across heterogeneous device environments.
This trend
supports the broader push toward vendor-neutral platforms and avoids vendor
lock-in, which is a major concern in large-scale Internet of Things rollouts.
Federated identity frameworks are particularly valuable in sectors such as
logistics, smart infrastructure, and supply chain management, where devices
from different suppliers must communicate securely and authenticate across
organizational boundaries. By enabling cross-domain trust and minimizing the
need for manual credential provisioning, identity federation reduces
administrative complexity and accelerates deployment timelines. Furthermore,
this approach enhances regulatory compliance by offering transparent audit
trails of access across systems. As standardization efforts mature, particularly
around authentication protocols and metadata sharing, identity federation is
set to become a foundational layer for scalable and secure Internet of Things
identity and access management infrastructures across global markets.
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The
IT & ITeS segment is the fastest growing vertical in the global IoT IAM
market. This rapid growth is driven by the increasing reliance on connected
devices, cloud computing, and digital workflows within this sector.
Organizations in IT & ITeS are adopting IoT solutions to enhance
operational efficiency, enable remote monitoring, and support advanced data
analytics, which requires robust identity and access management to ensure
secure device authentication and authorization. The complexity of managing numerous
endpoints, applications, and user identities in this sector demands scalable
and automated identity management systems that can handle dynamic access needs
while minimizing security risks.
The
shift towards hybrid and multi-cloud environments in IT & ITeS firms
necessitates comprehensive solutions that can provide seamless and secure
access across distributed infrastructure. With cyber threats becoming more
sophisticated, these organizations are prioritizing strong identity governance
to protect sensitive data and maintain regulatory compliance. The continuous
innovation in identity management technologies, including biometric
authentication and artificial intelligence-driven security, further accelerates
adoption within this vertical. As digital transformation continues to reshape
the IT & ITeS landscape, this segment is expected to sustain its position
as the fastest growing in the IoT IAM market.
Asia
Pacific is emerging as the fastest-growing region in the global IoT IAM market,
fueled by rapid digitalization and the expanding adoption of Internet of Things
technologies across industries such as manufacturing, healthcare, retail, and
smart cities. Governments in countries like China, India, Japan, and South
Korea are heavily investing in IoT infrastructure and cybersecurity
initiatives, driving demand for robust identity and access management
solutions. The rising number of connected devices and growing awareness of
security risks further accelerate market growth. The presence of a large
technology-savvy population and increasing cloud adoption contribute to the
surge in IoT IAM deployments. These factors position Asia Pacific as a critical
region for sustained expansion in the IoT IAM market over the coming years.
Key
market players in the IoT IAM Market are: -
- IBM
Corporation
- Cisco
Systems, Inc.
- Microsoft
Corporation
- Oracle
Corporation
- Okta,
Inc.
- Google
LLC
- F5
Networks, Inc.
- ForgeRock,
Inc.
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“The
global IoT IAM market is poised for significant growth driven by the
accelerating adoption of connected devices and the increasing complexity of
managing secure access across diverse IoT ecosystems. Advancements in
technologies such as artificial intelligence, machine learning, and blockchain
will enhance identity verification and threat detection capabilities. Growing
regulatory requirements and rising cybersecurity concerns will compel
organizations to invest in robust identity and access management solutions. Expanding
applications across industries like healthcare, manufacturing, and smart cities
will fuel demand. Overall, the market is expected to grow steadily as
enterprises prioritize securing their IoT environments against evolving cyber
threats.” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based global management consulting firm.
“IoT IAM Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Component (Solutions, Services), By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Others), By Verticals (BFSI, Automotive, Telecom, IT & ITeS, Retail & Consumer Goods, Energy & Utilities, Healthcare, Oil & Gas, Manufacturing, Others), By Region, By Competition,, 2020-2030F” has evaluated the future growth
potential of IoT IAM Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in IoT IAM Market.
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