Consumer Identity and Access Management (IAM) Market

Consumer Identity and Access Management (IAM) Market Size

             2020                         2024-2032      

Report	Details
Market Size Value	USD 12.3 billion in 2022
Market Size Value	USD 47.9 billion by 2030
CAGR	CAGR of 18.7%
Forecast Period	2024-2032
Base Year	2023
Historic Data	2020
Segments Covered	By Offerings, Deployment mode, Vertical and Region
Geographics Covered	North America, Latin America, Europe, Asia-Pacific, Middle East & Africa

Major players Consumer Identity and Access Management (IAM) Market include: IBM Corporation (US), Microsoft Corporation (US), SAP SE (Germany), Broadcom Inc. (US), TransUnion LLC. (US), Cisco Systems, Inc. (US), Okta (US), Akamai Technologies (US), Mitek System, Inc. (US), ForgeRock (US), Centrify Corporation (US), LoginRadius Inc. (Canada), LexisNexis Risk Solutions Group. (US), Aware, Inc. (US), Acuant, Inc. (US) & others.

The Growing Importance of CIAM in Cybersecurity is drive the growth of the Market.

Consumer identity and access management (CIAM) market growth is estimated to be impacted by the increase in cybersecurity breaches and cyberattacks. Additionally, The increase in instances of fraud and identity theft as well as increased financial institution investment on IT infrastructure for safeguarding customer data are expected to drive market expansion. The demand for consumer identity and access management (CIAM) is expected to increase, driving the market's growth. It is due to the growing trend toward intelligent homes, automated buildings, and the increasing adoption of smart technologies and the Internet of Things (IoT).

Consumer identity and access management solutions deliver a secure and seamless user experience, empowering businesses to enhance interactions with customers. CIAM technologies enable enterprises to personalize their client communications. Single Sign-On (SSO) streamlines user access by allowing entry with a single set of credentials across multiple systems. Social login functionalities simplify the authentication process by enabling users to use existing credentials instead of creating new ones. Consequently, CIAM solutions play a pivotal role for both global small and medium-sized enterprises (SMEs) and large corporations in ensuring a unified, smooth, and enhanced customer journey. These attributes propel the worldwide consumer identity and access management market.

The Increasing Importance of IAM Solutions in the Healthcare Sector is Helps to Boost the Overall Market Growth.

The healthcare sector experiences a higher frequency of cyberattacks compared to any other industry worldwide. This is primarily due to the rapid integration of advanced technology within healthcare, aiming to offer patients improved, personalized, and intuitive treatment experiences. Identity and Access Management (IAM) solutions play a pivotal role in addressing security issues related to user credentials and elevating overall patient satisfaction.

The absence of robust patient identification safeguards leads to various challenges for patients. Among these challenges is the potential for medical identity theft, which could result in falsified medical and health data being added to a patient's records. This not only jeopardizes the accuracy of their medical history but also poses risks to their future medical treatments. Consequently, these issues collectively contribute to inefficient and unsafe patient care practices.

On-premise segment is expected to account for major market share in the global Consumer IAM market during the forecast period.

Based on deployment, the global consumer Identity and Access Management (IAM) market is categorized into on-premises and cloud solutions. The on-premises solutions are anticipated to hold the major share during the forecast period, due to their multifaceted advantages. The discussion of on-premises benefits naturally begins with the degree of control granted over systems and data. In this context, on-premises solutions store and manage corporate consumer data within the organization, offering comprehensive control and security. Conversely, cloud-based software, often designed with a uniform approach, can pose integration challenges with other applications.

On-premises solutions also stand out based on software license flexibility, allowing modification, alteration, and configuration of specific components. Consequently, on-premises software is better poised to align with a company's unique demands and specifications. However, the adoption of such solutions necessitates the appointment of dedicated IT personnel for server maintenance and support.

The Consumer Identity and Access Management (IAM) Market research report provides an in-depth overview of the industry including market segmentation by offerings, deployment mode, vertical and region. Analysis of the global market with a special focus on high-growth applications in each vertical and fast-growing market segment. It includes a detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top player’s rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, and game-changing developments such as new product launches, collaborations, expansions, investment analysis, mergers, and acquisitions.

Consumer Identity and Access Management (IAM) Market is segmented by region and further by countries, offerings, deployment mode, and vertical. Players, stakeholders, and other participants in the global Consumer Identity and Access Management (IAM) Market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

The report further studies the market strategies of key players, recent development status, future plans, and Consumer Identity and Access Management (IAM) Market trends across the world. Also, it splits Consumer Identity and Access Management (IAM) Market Segmentation by offerings, deployment mode, vertical and region to deep dive research and reveals company profile and prospects.

Major Classifications are as follows:

• Consumer Identity and Access Management (IAM) Market, By Offerings
  • Solutions
    • Identity Governance
    • Identity Verification and Authentication
    • Access Management
    • Behavioral Analytics
  • Services
    • Integration and deployment
    • Support and Maintenance
    • Consulting
• Consumer Identity and Access Management (IAM) Market, By Deployment mode
  • On-Premises
  • Cloud Based
• Consumer Identity and Access Management (IAM) Market, By Vertical
  • BFSI
  • Travel, Tourism and Hospitality
  • Healthcare
  • Retail and eCommerce
  • IT and ITeS
  • Education
  • Government
  • Others
• Consumer Identity and Access Management (IAM) Market, By Geography
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East
    • UAE
    • Saudi Arabia
    • Israel
  • Africa
    • South Africa
    • Rest of Africa      

Reason to purchase this Consumer Identity and Access Management (IAM) Market Report:

• Determine prospective investment areas based on a detailed trend analysis of the global Consumer Identity and Access Management (IAM) Market over the next years.
• Gain an in-depth understanding of the underlying factors driving demand for different and Consumer Identity and Access Management (IAM) Market segments in the top spending countries across the world and identify the opportunities offered by each of them.
• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels that are driving the global Consumer Identity and Access Management (IAM) Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Consumer Identity and Access Management (IAM) Market.
• Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Consumer Identity and Access Management (IAM) Market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.