About Consumer IAM
Consumer identity and access management (IAM) market is estimated to flourish owing to the frequent occurrence of cyber-attack and breach of cybersecurity. There are growing trends of adoption of smart devices and IoT (internet of things) technology. There is a rising trend for smart home, smart buildings and that provides an opportunity for the consumer IAM market during the forecast period. Moreover, this region consists of a large number of emerging economies such as India, China, South Korea which witnesses a high growth rate and triggering growth potential for telecommunication, healthcare, education sectors and this is a major driving factor for the market of consumers IAM during the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 15.1% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Consumer IAM market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Microsoft (United States), Salesforce (United States), SAP (Germany), Broadcom (United States), Okta (United States), Akamai Technologies (Canada), Ping Identity (United States), ForgeRock (United States) and LoginRadius (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Consumer IAM market by and Region.
On the basis of geography, the market of Consumer IAM has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. Cloud will boost the Consumer IAM market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services, the sub-segment i.e. Integration and Deployment will boost the Consumer IAM market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size , the sub-segment i.e. Large Enterprises will boost the Consumer IAM market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solutions, the sub-segment i.e. Identity Verification and Authentication will boost the Consumer IAM market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Consumer IAM market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solutions will boost the Consumer IAM market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand to deliver a frictionless customer experience and High adoption due to Identity theft and fraud
Market Growth Drivers:
Growth in security breaches as well as cyberattacks and The growing trends of adoption of smart devices and IoT technology
Challenges:
Scarcity of skilled cybersecurity professionals among enterprises and Difficulties in addressing the complexity of advanced threats
Restraints:
Lack of identity standards and budgetary constraints in deploying CIAM solutions
Opportunities:
High demand due to cultural shift from traditional IAM to CIAM and The proliferation of cloud-based CIAM solutions and services
Market Leaders and their expansionary development strategies
In July 2020, Ping Identity partnered with One Identity, a company operating in identity-centered security. The partnership aims to deliver end-to-end identity management strategies and reinforce access security and control.
In January 2022, Alcor, a leading partner in the digital transformation space and global provider of cloud solutions, security, and implementation services, announced the successful extension of their IAM product, AccessFlow.It is an automated, self-service enterprise access management product built on the ServiceNow platform and helps organizations in achieving automated, centralized, and compliant Access Management.
Key Target Audience
Service Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.