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

June 2025 | 185 pages | ID: IE109BE02DDAEN
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Market Overview

The Global IoT IAM Market was valued at USD 16.89 billion in 2024 and is projected to reach USD 32.61 billion by 2030, growing at a CAGR of 11.59% during the forecast period. This market centers on solutions that manage identification, authentication, and access control within interconnected environments. As global industries accelerate their digital transformation, the proliferation of IoT devices has created complex infrastructures that demand strong identity and access management to ensure system security and integrity. IoT IAM systems help manage access across diverse devices, safeguarding sensitive data while enabling secure communication. The market’s growth is driven by factors such as the rising number of connected endpoints, increasing instances of identity theft, the adoption of zero-trust frameworks, and stringent data protection regulations. Cloud-based IAM platforms and the integration of AI and ML are further enhancing scalability, real-time access control, and anomaly detection. With the rollout of 5G and the emergence of blockchain-based identity models, demand for decentralized and secure IoT IAM solutions continues to increase.

Key Market Drivers

Escalating Threat Landscape Driving Secure Device Identity Solutions

The rapid global expansion of interconnected devices across industries has significantly increased vulnerability to cyber threats, intensifying the need for robust identity and access management frameworks. IoT environments are increasingly targeted for data breaches and unauthorized control due to the limited built-in security of many devices. To address this, organizations are investing in IAM solutions that provide real-time device authentication, monitor identity activity, and integrate zero-trust models. Advanced IAM platforms featuring behavioral analytics, continuous authentication, and policy enforcement are gaining traction, especially in sectors like healthcare and critical infrastructure, where compromised devices can have severe consequences. Regulatory pressures, including compliance with the EU Cybersecurity Act and NIST frameworks, further accelerate adoption. As cyberattacks become more frequent and complex, organizations recognize secure device identity as a foundational component of enterprise risk management, pushing the IoT IAM market toward rapid growth.

Key Market Challenges

Lack of Standardization Across Internet of Things Ecosystems

The absence of universal standards for IoT devices remains a key barrier to the widespread adoption of IAM solutions. The IoT ecosystem includes a vast array of devices, communication protocols, and architectures that vary by manufacturer, often resulting in limited interoperability and integration challenges. Proprietary systems and fragmented device environments hinder unified identity governance and increase the cost and complexity of IAM deployment. Organizations struggle to implement consistent authentication and access policies across diverse platforms, especially as new technologies and device types continue to emerge. This lack of cohesion undermines security efforts, complicates compliance, and escalates operational overhead. Until a standardized identity and access framework is widely adopted across the IoT landscape, deployment of IAM solutions will face constraints due to compatibility issues and scalability limitations.

Key Market Trends

Increasing Adoption of Decentralized Identity Frameworks

A significant trend influencing the global IoT IAM market is the rise of decentralized identity systems aimed at reducing dependence on centralized credential management. Unlike traditional IAM models that rely on central servers, decentralized frameworks use distributed ledgers or blockchain to manage identity credentials, enhancing security and eliminating single points of failure. This approach supports autonomous device authentication and aligns with privacy-focused regulatory requirements. Decentralized identities are particularly relevant in machine-to-machine communication, enabling secure interactions without manual provisioning. Manufacturers are embedding cryptographic credentials directly into devices, promoting secure identity validation from deployment. The push for self-sovereign identity and the growing demand for scalable, resilient IAM architectures are driving adoption of these frameworks, making them a transformative force within the evolving IoT landscape.

Key Market Players
  • IBM Corporation
  • Cisco Systems, Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • Okta, Inc.
  • Google LLC
  • F5 Networks, Inc.
  • ForgeRock, Inc.
Report Scope:

In this report, the Global IoT IAM Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
  • IoT IAM Market, By Component:
    • Solutions
    • Services
  • IoT IAM Market, By Security Type:
    • Network Security
    • Endpoint Security
    • Application Security
    • Cloud Security
    • Others
  • IoT IAM Market, By Verticals:
    • BFSI
    • Automotive
    • Telecom
    • IT & ITeS
    • Retail & Consumer Goods
    • Energy & Utilities
    • Healthcare
    • Oil & Gas
    • Manufacturing
    • Others
  • IoT IAM Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
    • South America
      • Brazil
      • Colombia
      • Argentina
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global IoT IAM Market.

Available Customizations:

Global IoT IAM Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
1. SOLUTION OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
  1.2.1. Markets Covered
  1.2.2. Years Considered for Study
  1.2.3. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. VOICE OF CUSTOMER

5. GLOBAL IOT IAM MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Component (Solutions, Services)
  5.2.2. By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Others)
  5.2.3. By Verticals (BFSI, Automotive, Telecom, IT & ITeS, Retail & Consumer Goods, Energy & Utilities, Healthcare, Oil & Gas, Manufacturing, Others)
  5.2.4. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)
5.3. By Company (2024)
5.4. Market Map

6. NORTH AMERICA IOT IAM MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Component
  6.2.2. By Security Type
  6.2.3. By Verticals
  6.2.4. By Country
6.3. North America: Country Analysis
  6.3.1. United States IoT IAM Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Component
      6.3.1.2.2. By Security Type
      6.3.1.2.3. By Verticals
  6.3.2. Canada IoT IAM Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Component
      6.3.2.2.2. By Security Type
      6.3.2.2.3. By Verticals
  6.3.3. Mexico IoT IAM Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Component
      6.3.3.2.2. By Security Type
      6.3.3.2.3. By Verticals

7. EUROPE IOT IAM MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Component
  7.2.2. By Security Type
  7.2.3. By Verticals
  7.2.4. By Country
7.3. Europe: Country Analysis
  7.3.1. Germany IoT IAM Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Component
      7.3.1.2.2. By Security Type
      7.3.1.2.3. By Verticals
  7.3.2. France IoT IAM Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Component
      7.3.2.2.2. By Security Type
      7.3.2.2.3. By Verticals
  7.3.3. United Kingdom IoT IAM Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Component
      7.3.3.2.2. By Security Type
      7.3.3.2.3. By Verticals
  7.3.4. Italy IoT IAM Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Component
      7.3.4.2.2. By Security Type
      7.3.4.2.3. By Verticals
  7.3.5. Spain IoT IAM Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Component
      7.3.5.2.2. By Security Type
      7.3.5.2.3. By Verticals

8. ASIA PACIFIC IOT IAM MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Component
  8.2.2. By Security Type
  8.2.3. By Verticals
  8.2.4. By Country
8.3. Asia Pacific: Country Analysis
  8.3.1. China IoT IAM Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Component
      8.3.1.2.2. By Security Type
      8.3.1.2.3. By Verticals
  8.3.2. India IoT IAM Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Component
      8.3.2.2.2. By Security Type
      8.3.2.2.3. By Verticals
  8.3.3. Japan IoT IAM Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Component
      8.3.3.2.2. By Security Type
      8.3.3.2.3. By Verticals
  8.3.4. South Korea IoT IAM Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Component
      8.3.4.2.2. By Security Type
      8.3.4.2.3. By Verticals
  8.3.5. Australia IoT IAM Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Component
      8.3.5.2.2. By Security Type
      8.3.5.2.3. By Verticals

9. MIDDLE EAST & AFRICA IOT IAM MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Component
  9.2.2. By Security Type
  9.2.3. By Verticals
  9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
  9.3.1. Saudi Arabia IoT IAM Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Component
      9.3.1.2.2. By Security Type
      9.3.1.2.3. By Verticals
  9.3.2. UAE IoT IAM Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Component
      9.3.2.2.2. By Security Type
      9.3.2.2.3. By Verticals
  9.3.3. South Africa IoT IAM Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Component
      9.3.3.2.2. By Security Type
      9.3.3.2.3. By Verticals

10. SOUTH AMERICA IOT IAM MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Component
  10.2.2. By Security Type
  10.2.3. By Verticals
  10.2.4. By Country
10.3. South America: Country Analysis
  10.3.1. Brazil IoT IAM Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Component
      10.3.1.2.2. By Security Type
      10.3.1.2.3. By Verticals
  10.3.2. Colombia IoT IAM Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Component
      10.3.2.2.2. By Security Type
      10.3.2.2.3. By Verticals
  10.3.3. Argentina IoT IAM Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Component
      10.3.3.2.2. By Security Type
      10.3.3.2.3. By Verticals

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS AND DEVELOPMENTS

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. COMPANY PROFILES

13.1. IBM Corporation
  13.1.1. Business Overview
  13.1.2. Key Revenue and Financials
  13.1.3. Recent Developments
  13.1.4. Key Personnel
  13.1.5. Key Product/Services Offered
13.2. Cisco Systems, Inc.
13.3. Microsoft Corporation
13.4. Oracle Corporation
13.5. Okta, Inc.
13.6. Google LLC
13.7. F5 Networks, Inc.
13.8. ForgeRock, Inc.

14. STRATEGIC RECOMMENDATIONS

15. ABOUT US & DISCLAIMER


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