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The Business Research Company’s IoT IAM Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The IoT IAM Global Market Report 2023 evaluates iot iam market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global IoT IAM market size is expected to grow from $5.73 billion in 2022 to $7.38 billion in 2023 at a compound annual growth rate (CAGR) of 28.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global IoT IAM is expected to grow to $20.91 billion in 2027 at a CAGR of 29.7%.
An increase in number of cyberattacks and data breach issues is expected to propel the IoT IAM market going forward. A cyberattack refers to an assault performed by cybercriminals to steal data and sensitive information by sending and hacking a computer system using malicious information. Data breaches refer to security violations in which sensitive information can be stolen from a computer system without prior permission of the owner of the system. Identity and access management are used at the current time to prevent any unauthorized access of information from the system of the company’s employees’ database. For instance, in September 2021, according to Digit, a Scotland-based technology media, and events company, the total number of IoT device cyberattacks was 1.5 million in 2021. Furthermore, in October 2021, according to Fortune, a US-based publishing company specializing in the publication of books, articles, and magazines, the total number of global data breach cases was 1,291 in 2021, an increase from 1,108 in 2020. Therefore, a rising number of cyberattacks and data breach cases are anticipated to fuel the growth of the IoT IAM market in the upcoming years.
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The iot iam market segments in the report are:
1) By Component: Solutions, Services
2) By Security Type: Network Security, Endpoint Security, Application Security, Cloud Security, Other Security Types
3) By Deployment mode: Cloud, On-Premises
4) By Organization Size: Small and Mid-Sized Enterprises (SMEs), Large Enterprises
5) By Verticals: Banking, Finance services, and Insurance (BFSI), Automotive, Telecom, Healthcare, Retail and Consumer Goods, Energy and Utilities, Other Verticals
The table of contents in TBRC’s iot iam market report includes:
1. Executive Summary
2. IoT IAM Market Characteristics
3. IoT IAM Market Trends And Strategies
4. IoT IAM Market – Macro Economic Scenario
5. IoT IAM Market Segmentation
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26. Africa IoT IAM Market
27. IoT IAM Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IoT IAM Market
29. IoT IAM Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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