Global Consumer Identity and Access Management Market - Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Consumer Identity and Access Management (IAM) Market    

The consumer identity and access management (IAM) market size is valued at USD 23.74 billion by 2028 is expected to grow at a compound annual growth rate of 15.78% in the forecast period of 2021 to 2028. Data Bridge Market Research report on consumer identity and access management (IAM) provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

The customer identity and access management (IAM) helps an organization to manage and protect customer’s profile data, identity and control of access to services and applications. Customer IAM solution offers various benefits such as powerful security, seamless customer experiences, performance and scalability and privacy.

The rapid increase in security breaches and cyberattacks is expected to influence the growth of consumer identity and access management (IAM) market over the forecast period of 2021 to 2028. Also the high demand to deliver a frictionless customer experience is also anticipated to flourish the growth of the consumer identity and access management (IAM) market. Furthermore, the identity theft and fraud and rise in investment of financial institutions in the IT infrastructure to ensure customer data are also likely to positively impact the growth of the market. Moreover, the rise in trend for smart home, smart buildings and high adoption of smart devices and IoT are also expected create a huge demand for consumer identity and access management (IAM) as well as lifting the growth of the consumer identity and access management (IAM) market.

However, the dearth of identity standards and budgetary constraints in deploying CIAM solutions and lack of skilled cyber security professionals among enterprises are expected to act as the major limitations for the growth of consumer identity and access management (IAM) in the above mentioned forecasted period, whereas the complexities in addressing the difficulty of advanced threats can challenge the consumer identity and access management (IAM) market growth in the forecast period of 2021 to 2028.

Likewise, the rapid shift from traditional IAM to CIAM and propagation of cloud-based CIAM solutions and services are expected to create various new opportunities that will lead to the growth of the consumer identity and access management (IAM) market in the above mentioned forecasted period.

This consumer identity and access management (IAM) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the consumer identity and access management (IAM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Consumer Identity and Access Management (IAM) Market Scope and Market Size

The consumer identity and access management (IAM) market is segmented on the basis of component, authentication type, deployment mode, organization size and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of component, the consumer identity and access management (IAM) market is segmented into solutions and services. Solutions have further been segmented into directory services, identity proofing/verification, identity authentication, identity analytics, behavioral analytics, single-sign on, access management and data governance. Services have further been segmented into integration and deployment, support and maintenance and consulting.
• Based on authentication type, the consumer identity and access management (IAM) market is segmented into passwords, knowledge-based answers, tokens, biometrics, PIN and security certificates.
• On the basis of deployment mode, the consumer identity and access management (IAM) market is segmented into cloud and on-premises.
• The consumer identity and access management (IAM) market is segmented on the basis of organization size into small and medium-sized enterprises (SMEs) and large enterprises.
• On the basis of end user, the consumer identity and access management (IAM) market is segmented into banking, financial services, and insurance (BFSI), public sector, retail and e-commerce, telecommunication, media and entertainment, transportation and logistics, hospitality, healthcare, education and others.

Consumer Identity and Access Management (IAM) Market Country Level Analysis

The consumer identity and access management (IAM) market is analyzed and market size, volume information is provided by country, component, authentication type, deployment mode, organization size and end user as referenced above.

The countries covered in the consumer identity and access management (IAM) market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).

North America leads the consumer identity and access management (IAM) market because of the increase in utilization of digital data in banking, financial and healthcare system. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to high appropriation of IAM solutions in the emerging countries, such as China, Australia, India, Japan and Singapore.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Consumer Identity and Access Management (IAM) Market Share Analysis

The consumer identity and access management (IAM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to consumer identity and access management (IAM) market.

The major players covered in the consumer identity and access management (IAM) market report are IBM, Microsoft, Salesforce, SAP SE, Broadcom, TransUnion LLC, Okta, Akamai Technologies, Ping Identity, Onegini, Mitek Systems, Inc., LexisNexis Risk Solutions Group, ForgeRock, LoginRadius Inc., Experian Information Solutions, Inc., Aware, Inc., Centrify Corporation, Acuant, Inc., Simeio, and Avatier among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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