Consumer Iam Market To Reach USD 57.2 Billion In 2027

Global Consumer IAM Market: Key Highlights

According to the new market research report “Consumer IAM Market by Deployment Mode (Cloud), By Component (Services and Solution), by Verification Type (Password, Biometric, Knowledge-Based and Token-Based), By End-User (BFSI, Retail, and Consumer Goods, Telecommunication, Media and Entertainment, Education, Healthcare, Travel, and Others) by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast (2019 to 2027) “the Global Consumer IAM Market is estimated & to reach USD 57.2 Billion in 2027 at a CAGR of 17.8% during forecast period 2019-2027
Increasing growth for digitalization is excepted to increase the security level and transparency of the enterprise for boosting the growth of consumer IAM market
However, lack of knowledge and support are expected to hinder the growth of the market during the forecast period

Global Consumer IAM Market: Key Market Dynamics

Rising adoption for IoT technology is growing rapidly and anticipated provides various advantage such as governance capabilities to manage data and devices are some other major factors expected to boost the growth of the global consumer IAM market
However, the limited technical domain expertise can increase the risk, cost and delays of the data which may restraint the adoption of the consumer IAM market during the forecast period
Increasing growth for digitalization that enables real-time identity tool for businesses growth and development which are expected to boost the growth of the market in the forecast period
Cloud IAM solutions provide a clean and consistent access control interface for all cloud platform services which is excepted to promote the Consumer IAM market in the estimated years.

Global Consumer IAM Market: Regional Overview

Asia-Pacific

The Asia-Pacific is becoming a major region for the fastest adoption for digital platforms. The Australian Competition and Consumer Commission recommendation several concepts for the growth of GDPR and extensive reforms to the privacy policy in its digital platforms. Moreover, Thailand introduced its first data protection law that the whole of the Malay Peninsula is now subject to data protection regulation. Japan becomes the second country in Asia-Pacific to have been granted an adequacy decision, after New Zealand. Furthermore, Asia-Pacific is becoming increasingly important and increasingly difficult to maintain compliance with the regulatory data protection laws.

Europe

Europe is estimated to be the second-largest region in terms of market size. The General Data Protection Regulation (GDPR) is a regulation in European Union’s (EU) which builds the data protection rule to cover all citizens of the EU and European Economic Area. It also gives control of their data back to the individual as well as restricting its transfer outside of the EU. However, European service to provide cloud-based identity and access management (IAM) solutions and on-demand Single Sign-On (SSO) services hosted with two providers with EU operations such as Rackspace and Softlayer. Europe is a major part of the IAM growth strategy that is continually expanding in technical as well as in business development.

Global Consumer IAM Market: Key Players Overview

Salesforce.com, Inc.:

Salesforce.com, Inc. is a cloud-based software company that provides customer relationship management service, marketing automation, analytics, and application development. The company is one of the best web-based flexible and major database suppliers in the market. However, the company IAM services connect the users to the applications, services, and devices. It also provides management services for admins and identity for the end-users. According to the KuppingerCole in 2017, Salesforce rated as the overall leader in consumer identity and access management (CIAM). In the last few years, CIAM has emerged the need of the business. Moreover, the business delivers more digital experiences such as storing, collecting and the growing volume of data.

IBM Corporation:

The International Business Machines (IBM) Corporation is a global technology company which provides the solution such as cloud computing, hardware, software, and cognitive computing. However, the company is a leading player in the cloud platform and cognitive solution. The IBM Cloud provides cloud IAM services to various end user consumers for identity management. The company provides IAM services which includes access management solutions, authentication, access management, and identity governance. In 2017, IBM announced a new service that will be coming through IBM Cloud which is designed to manufacture how employees access the business applications. Furthermore, IBM enables organizations to adopt cloud for the IAM program for enhancing identity and access management capabilities.

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