IoT IAM Market Report 2026

The iot iam market size has grown exponentially in recent years. It will grow from $12.22 billion in 2025 to $15.99 billion in 2026 at a compound annual growth rate (CAGR) of 30.8%. The growth in the historic period can be attributed to increasing proliferation of connected devices, rising incidents of iot security breaches, adoption of cloud-based identity systems, growing regulatory focus on data protection, expansion of enterprise iot deployments.

The iot iam market size is expected to see exponential growth in the next few years. It will grow to $46.08 billion in 2030 at a compound annual growth rate (CAGR) of 30.3%. The growth in the forecast period can be attributed to increasing investments in iot cybersecurity platforms, rising adoption of ai-driven identity analytics, expansion of cloud-native iam architectures, growing demand for scalable access management, increasing focus on regulatory compliance automation. Major trends in the forecast period include increasing deployment of device identity management platforms, rising adoption of zero-trust security for iot, growing integration of iam with iot security frameworks, expansion of cloud-based iot iam solutions, enhanced focus on automated access governance.

An increase in cyberattacks and data breach incidents is expected to drive the growth of the IoT IAM market in the coming years. A cyberattack refers to an action carried out by cybercriminals aimed at stealing data and sensitive information by infiltrating a computer system with malicious content. Data breaches involve security violations where sensitive information is extracted from a computer system without the owner's consent. Currently, identity and access management systems are employed to prevent unauthorized access to sensitive data within a company's employee database. For example, in April 2024, Parachute Technology, a US-based IT solutions provider, reported that government agencies encountered 49 cyber incidents in the first half of 2023, reflecting an 11% increase from 2022. Consequently, the rising incidence of cyberattacks and data breaches is expected to further stimulate the growth of the IoT IAM market in the years ahead.

Major companies in the IoT IAM market are concentrating on developing advanced solutions, such as AI-driven, zero-trust device identity and access platforms, to enhance device authentication, enforce least-privilege access, improve visibility across distributed device fleets, minimize attack surfaces, and support real-time policy enforcement and analytics for operational decision-making. AI-driven, zero-trust device identity and access platforms serve as intelligent security frameworks that use artificial intelligence and zero-trust principles to continuously verify and manage device access across networks, ensuring that no device is trusted by default. For example, in July 2025, Zscaler, a US-based cloud security provider, introduced Zscaler Cellular, a Zero Trust SIM solution that applies device-bound authentication and isolates every IoT/OT device on a dedicated “private island,” directing all connections through the Zscaler Zero Trust Exchange. This eliminates the need for VPNs or software agents while offering global cellular connectivity, scalable policy enforcement, and partnerships with telecom operators to deliver carrier-integrated Zero Trust at scale.

In November 2025, Hexaware, a US-based IT solutions and services company, acquired CyberSolve for $66 million. Through this acquisition, Hexaware seeks to expand its footprint in the fast-growing cybersecurity sector by strengthening its identity and access management (IAM) capabilities specifically designed for IoT applications, supporting improved protection and oversight of digital identities. CyberSolve is a US-based firm specializing in IoT identity and access management solutions.

Major companies operating in the iot iam market are International Business Machines Corporation; Amazon.com Inc.; GMO GlobalSign Inc.; Ping Identity Corporation; ForgeRock Inc.; Broadcom Inc.; Microsoft Corporation; Oracle Corporation; Micro Focus International PLC; ARCON TechSolutions Pvt. Ltd.; Telefonaktiebolaget LM Ericsson; Hitachi ID Systems Inc.; KaaIoT Technologies LLC; Okta Inc.; HID Global Corporation; CyberArk Software Ltd.; OpenText Corporation; Cisco Systems Inc.; Google LLC; Entrust Datacard Corporation; SailPoint Technologies Inc.; Dell Technologies Inc.; Optiv Security Inc.; Quest Software Inc.; Identity Fusion Inc.; Thales Group; DigiCert Inc.; Keyfactor Inc.; RSA Security LLC; Centrify Corporation; SecureAuth Corporation; Auth0 Inc.; Idaptive LLC; AkamAI Technologies Inc.; Thycotic Software LLC; BeyondTrust Corporation; Cyberinc Corp.; Avatier Corporation; NetIQ Corporation.

North America was the largest region in the IoT IAM market in 2025. Asia-Pacific is expected to be the fastest-growing region in the IoT IAM market report forecast period. The regions covered in the iot iam market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the iot iam market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tariffs are impacting the IoT IAM market by increasing costs of imported security hardware, authentication modules, encryption chips, and supporting infrastructure used in device identity and access management solutions. Enterprises in North America and Europe are most affected due to reliance on imported cybersecurity components, while Asia-Pacific faces cost pressure on solution exports. These tariffs are increasing deployment costs and slowing upgrades for large IoT environments. However, they are also encouraging cloud-based IAM adoption, domestic software development, and increased focus on service-driven IoT security models.

The iot iam market research report is one of a series of new reports that provides iot iam market statistics, including iot iam industry global market size, regional shares, competitors with a iot iam market share, detailed iot iam market segments, market trends and opportunities, and any further data you may need to thrive in the iot iam industry. This iot iam market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

IoT IAM (IoT identity and access management) serves as a crucial system facilitating device identity management, access control, and the discovery of unmanaged devices, ensuring appropriate action is taken. Its primary objectives include fostering seamless communication among various IoT devices and safeguarding against data breaches and security threats. Furthermore, it equips organizations with tools to enhance the productivity of their employees across diverse settings.

The key components of IoT IAM comprise solutions and services. These solutions encompass interconnected internet-managed device systems governed by unique digital identities. Categorized by security type, they encompass network security, endpoint security, application security, cloud security, and other related security protocols. Deployment modes include cloud-based and on-premises setups, catering to both small and mid-sized enterprises (SMEs) and large enterprises. The technology finds application across various industry verticals like banking, financial services, insurance (BFSI), automotive, telecommunications, retail, consumer goods, energy, utilities, healthcare, and more.

The IoT IAM (IoT identity and access management) market includes revenues earned by entities by providing 5G transport services, cloud native services, open source networking, user activity monitoring services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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