Consumer IAM Market: Summary
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..
Consumer IAM Market: Drivers & Challenges
- Increasing Growth for Digitalisation
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.
- Rising Adoption for IoT Technology
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.
- Lack of Knowledge and Support
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 However, another problem arises when there is a lack of support for access management solutions which includes outdated, non-existent access management policies and a lack of features to balance the security.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.
Consumer IAM Market: Key Segments
- Based on Deployment Type: Cloud and On-premise
- Segment by Components: Services and Solution
- Based on Verification Type: Passwords, Biometric, Knowledge-Based and Token-Based
- By End-User: Retail and Consumer Goods, BFSI, Telecommunication, Media and Entertainment, Education, Healthcare, Travel, and Others
- Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis
Consumer IAM Market: Report Scope
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.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2020-2027 (2020 estimated year, forecasted up to 2027)
Value (USD Million)
Type, Component, Verification Type, End-User, and Region
Asia-Pacific, North America, Europe, Middle East & Africa, and South America
KEY Companies Covered
- IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- SAP SE
- Salesforce.com, Inc.
- Okta, Inc.
- Akamai Technologies
- LoginRadius Inc.
- Other Key Companies
Consumer IAM Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Consumer IAM Market, By Deployment Type
Consumer IAM Market, By Component
- Support Services
- Training Services
- Advisory Services
- Identity Management
- Cloud Identity Management
- Access Management
- Consent Management
- Authentication Management
Consumer IAM Market, By Verification Type
Consumer IAM Market, By End-User
- Retail and Consumer Goods
- Media and Entertainment
Consumer IAM Market, By Region
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions answered by the report
- What are the important developments impacting the global market and its advancement?
- What will be the outcome of the developments in the global market in the industry and on the market competitor in the near and far future?
- What is the type of global markets?
- What are the growing applications of the global market?
- What are the major characteristics that will influence the global market growth across the study period?
- Who is the key global player driver in the market?
- How are the major players leveraging in the definite global market conditions?
- Consumer IAM Market Providers
- Consumer IAM Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Consumer IAM Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE CONSUMER IAM MARKET STUDY