The Global Consumer IAM Market is estimated to reach USD 57.2 Billion by 2027 at a CAGR of 17.8%.
Customer identity and access management is a type of digital identity management tool for small and medium scale industries and large enterprises. It helps to enable real-time data, activation and end-to-end security of the business and to the enterprise. Moreover, it enables the process to manage and recognize the right person to access the right resources at the right time for the right cause. However, it’s a multi-dimensional concept that enables an organization to securely manage and capture consumer profiles to identify the data dimensionally..
Market Drivers:
Increasing the growth in digital platforms help to increase the security level and transparency of the enterprise for boosting the growth of the consumer IAM market. It is used to improve customer satisfaction, ensure better compliance and reduce the cost for the organization. Also, it used to increase work efficiency by reducing workload and business growth. Moreover, it enables real-time identity tools for businesses growth and development.
Hence, increasing growth for digitalisation is expected to surge the consumer IAM market during the forecast period.
The demand for consumer IAM is increasing in the adoption of Internet of things (IoT) technology. Also, it provides various advantage such as governance capabilities to manage data and devices. The IoT technology will help to provide extensive growth for both consumers as well as for the business environment. However, the technology is also used for monitoring the device, and for tracking the data.
This trend is expected to continue in the forecast period, which is anticipated to drive the consumer IAM market during the forecast period.
Market Challenges:
Lack of knowledge and support when it comes to certification and authorization of devices may hamper the growth of the market. However, another problem arises when there is a lack of support for access management solutions which includes outdated, non-existent access management policies and a lack of features to balance the security. Furthermore, the limited technical domain expertise can increase the risk, cost, and delay in the provision of data.
However, the lack of knowledge and support of workers may hinder the growth of the market in the forecast period.
The report on the consumer IAM market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Type, Component, Verification Type, End-User, and Region |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Consumer IAM Market, By Deployment Type
Consumer IAM Market, By Component
Consumer IAM Market, By Verification Type
Consumer IAM Market, By End-User
Consumer IAM Market, By Region
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
