Gone are the days when Internet of Things (IoT) was the ‘next big thing’ in the industrial landscape. The rise of ‘Industry 4.0’ has pushed businesses towards the actual next big thing-Identity of Things (IDoT).
Increased adoption of IoT has caused a stir in the technical and business approach of end users, and the explosion in the number of IoT-connected devices has triggered serious concerns about identity and access management. The demand for identity-as-a-service (IDaaS) has increased tremendously in the past decade, as the need for identity management platforms such as IDoT, for IoT initiatives, has intensified across the world.
The IDaaS landscape is witnessing exponential growth, as businesses are integrating IoT closely with integral business operations, and this has bolstered the need for a fresh approach towards their identity management processes. With the advent of next-generation technologies, including Artificial Intelligence (AI) and cloud computing, the IDaaS market has emerged as a multibillion-dollar landscape in the last few years.
Sensing the immense growth potential for the providers of identity-as-a-service in the IoT-driven industrial ecosystem, Transparency Market Research (TMR) offers exclusive insights on how to expand business in this highly-profitable landscape. TMR’s new study offers value-based information about the market dynamics and changing competitive landscape in the identity-as-a-service market through 2019-2027.