Identity and Management of Things in the IoT a US$21.5 Billion Opportunity

IoT Platform services along with security, cryptography, digital certificate management and data exchange services are propelling IoT Identity and Management revenues toward US$21.5 billion by 2022.ABI Research predicts that IDoT (Identity of Things) services are expected to grow significantly over the next five years with most of the revenues being driven primarily by industrial, manufacturing, and automotive market verticals. Through ‘smarter gateways’, cloud services, and application programming interface (API)-focused solutions, thing identity and management services are steadily finding their way in a wider spectrum of IoT verticals,” comments Dimitrios Pavlakis, Industry Analyst at ABI Research.