The global Consumer IAM Market size was valued at USD 7,793.5 million in 2020 and is expected to reach USD 37,239.29 million by 2030, at a CAGR of 17.2% from 2021 to 2030.
Consumer IAM Market Overview:
The consumer identity and access management (IAM) marketplace provides identity verification services and manages customers' identities. Consumer IAM market solutions store customer profile data, enabling organizations to deliver a secure, unified, and enhanced customer experience. In addition, it applies to securing the customer registration process, maintaining customer profile databases and authentication when customers and others access company services. Additionally, the surge in incidents of cyber-attacks has largely impacted organizations' adoption of consumer IAM. For this reason, organizations have adopted consumer IAM solutions to provide a secure platform for accessing services and transacting online. Strong IAM policies reduce network risk by limiting unauthorized access to sensitive data.
Consumer IAM market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Consumer IAM market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Consumer IAM market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Significant Consumer IAM Market Dynamics and Growth Factors:
Significant drivers of the consumer IAM market are increasing the need to deliver rich, consistent, and frictionless customer experiences and improve operational efficiency. Increasing integration of consumer IAM with marketing tools and shifting interest from traditional IAM to consumer IAM are creating opportunities that will increase the demand for consumer IAM market during the forecast period. The market is likely to showcase untapped market opportunities and increased user awareness.
Industry News and Key Developments
- July 2021 – Akamai Technologies, Inc. announced a partnership with Optus Enterprise to provide the "Optus IoTFlex Platform" service for cellular IoT solutions and applications. IoTFlex includes a comprehensive set of security features that allow business users to manage their Internet of Things (IoT) applications and devices on a self-service platform to increase efficiency, reduce time-to-market, and reduce operational costs.
- April 2021 – IBM Corporation has announced the "IBM Elastic Storage System," the latest innovation in its critical storage portfolio designed to improve data access and management in increasingly complex hybrid cloud environments to increase data availability and resiliency.
Top Key Players include in the Consumer IAM Market are
IBM, Microsoft, Salesforce, SAP, Okta, CA Technologies, Janrain, Ping Identity, Forgerock, Loginradius, Iwelcome, Globalsign, Trusona, Secureauth, Widasconcepts, Acuant, Empowerid, Onegini, Pirean, Auth0, Avatier, Ergon, Manageengine, Simeio Solutions, Ub, and others.
The Consumer IAM market research report is categorized based on type, applications and region.
On the Basis of Type:
- Knowledge-based answers
- Security certificates
On the Basis of Application:
- Public sector
- Retail and consumer goods
- Media and entertainment
- Travel and hospitality
On the Basis of Region:
Geographically, the global Consumer IAM market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Consumer IAM region is dominating this market in the upcoming future.
North America leads the consumer identity and access management (IAM) market owing to the increasing use of digital data in banking, financial, and healthcare systems. Asia Pacific is expected to grow at a significant rate over the forecast period 2021 to 2028 owing to the high usage of IAM market solutions in emerging countries such as China, Australia, India, Japan, and Singapore.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Consumer IAM Market report scope
CAGR of 17.2% during forecast period.
Passwords, Knowledge-based answers, Tokens, Biometrics, PIN, Security certificates
BFSI, Public sector, Retail and consumer goods, Telecommunication, Media and entertainment, Travel and hospitality, Healthcare, Education
IBM, Microsoft, Salesforce, SAP, Okta, CA Technologies, Janrain, Ping Identity, Forgerock, Loginradius, Iwelcome, Globalsign, Trusona, Secureauth, Widasconcepts, Acuant, Empowerid, Onegini, Pirean, Auth0, Avatier, Ergon, Manageengine, Simeio Solutions, Ub
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America(Brazil, Argentina, Rest of Latin America)
- Rest Of the World
2017 to 2022
2023 to 2030
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Consumer IAM market?
Who are the key vendors of the global Consumer IAM market?
What are the leading key industries of the global Consumer IAM market?
Which factors are responsible for driving the global Consumer IAM market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
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