Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) reveals in its latest report that the IoT Identity Access Management Market Size was valued at USD 18.12 Billion in 2024 and is projected to reach USD 69.38 Billion by 2035, exhibiting a CAGR of 12.98% during the forecast period (2025–2035). The market growth is attributed to the increasing frequency of cyberattacks, growing adoption of Internet of Things (IoT) devices, and stringent regulatory requirements for data security and privacy.
Additionally, the integration of artificial intelligence (AI) and machine learning (ML) into identity and access management (IAM) solutions is enhancing automation, accuracy, and real-time threat detection across industries such as banking, IT, healthcare, and government.
The key players recognized by MRFR operating in the IoT Identity Access Management Market include Hitachi, Ltd. (Japan), EMC Corporation (U.S.), ARCON Tech Solutions (India), Cloud Security Alliance (U.S.), CA Technologies (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Intel Security Group (U.S.), Siemens AG (Germany), and Oracle Corporation (U.S.).
IoT Identity Access Management Market Highlights
The IoT Identity Access Management Market is witnessing strong growth, driven by rising cybersecurity concerns, regulatory compliance obligations, and the accelerating adoption of connected devices across industries. The market, valued at USD 18.12 billion in 2024, is projected to reach USD 69.38 billion by 2035, registering a CAGR of 12.98%. Growing reliance on cloud-based environments, the need for multi-factor authentication, and digital transformation initiatives are key factors propelling demand for secure and scalable IAM solutions.
Organizations are increasingly investing in advanced identity management systems to mitigate cyber threats such as ransomware and data breaches. Moreover, AI-powered IAM solutions capable of behavioral analytics and adaptive authentication are enabling enterprises to strengthen their security frameworks while improving operational efficiency. The expansion of IoT ecosystems across healthcare, manufacturing, and government sectors is further enhancing the market outlook.
Segment Analysis
The IoT Identity Access Management Market, based on Services, is segmented into Password Management, Access Management, User Provisioning, Multi-factor Authentication, Directory Services, and Single-Sign-On (SSO). Among these, Multi-factor Authentication and Password Management dominate the market due to their widespread adoption across enterprises aiming to enhance data protection and comply with security standards. The rising demand for Directory Services and Single-Sign-On (SSO) solutions reflects the growing emphasis on seamless and centralized user access control in complex IoT networks.
By Deployment, the market is classified into On-premise and On-cloud models. The On-cloud segment is gaining significant traction as organizations increasingly transition toward cloud-based IAM frameworks for scalability, flexibility, and cost efficiency. Hybrid solutions are also emerging as a preferred choice for enterprises seeking to balance security and accessibility across distributed environments.
Based on Customer Types, the market includes Education, Retail & E-commerce, IT & Telecom, Government, Energy & Utility Services, Media & Entertainment, and Manufacturing. The IT & Telecom segment holds the largest market share, driven by the continuous expansion of connected infrastructure and digital identity requirements. Meanwhile, the Government and Banking sectors are experiencing rapid growth due to heightened focus on national cybersecurity resilience and regulatory compliance.
By Industry, the IoT Identity Access Management Market is segmented into Small and Medium Enterprises (SMEs) and Large Enterprises. Large Enterprises dominate the segment owing to their higher investment capacity and adoption of advanced IAM frameworks for safeguarding sensitive data across multi-cloud platforms. However, SMEs are expected to show strong growth during the forecast period as affordable, subscription-based IAM models become more accessible.
Regional Analysis
The Global IoT Identity Access Management Market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
North America leads the market due to early adoption of IoT and cloud technologies, stringent cybersecurity regulations, and the presence of major IAM vendors such as IBM, Microsoft, and Oracle. The United States accounts for the majority of regional revenue, supported by continuous innovation and regulatory frameworks such as CCPA and HIPAA.
Europe holds a substantial share of the global market, driven by data protection mandates like GDPR and the growing adoption of digital identity frameworks. Germany, the UK, and France are major contributors, with European enterprises emphasizing compliance and cross-border data security.
Asia-Pacific represents the fastest-growing regional market, fueled by rapid digitalization, expanding IoT ecosystems, and government initiatives promoting secure digital infrastructure. Countries such as China, Japan, and India are key markets, with increasing deployment of IAM solutions across banking, healthcare, and public sectors.
The Rest of the World (RoW), including the Middle East, Africa, and Latin America, is experiencing steady growth as organizations modernize their IT security infrastructure to mitigate rising cyber risks and support smart city development programs.
Key Findings of the Study
• The IoT Identity Access Management Market Size was valued at USD 18.12 Billion in 2024 and is projected to reach USD 69.38 Billion by 2035.
• The market is expected to register a CAGR of 12.98% from 2025 to 2035.
• Multi-factor Authentication and Password Management dominate the services segment.
• The On-cloud deployment model is gaining momentum due to scalability and cost efficiency.
• IT & Telecom and Government sectors are key revenue contributors among customer types.
• Large Enterprises hold the dominant industry share, while SMEs are witnessing rising adoption through subscription-based IAM services.
• North America leads the market, while Asia-Pacific is the fastest-growing regional market.
• Key players include Hitachi Ltd., EMC Corporation, ARCON Tech Solutions, Cloud Security Alliance, CA Technologies, IBM Corporation, Microsoft Corporation, Intel Security Group, Siemens AG, and Oracle Corporation.
Related Report
https://www.marketresearchfuture.com/reports/iot-identity-access-management-market-2034