Consumer IAM Market Is to Grow By 16.75% Of CAGR with Leaders by IBM, Microsoft Corporation, TransUnion, Ping Identity, Onegini, Okta, MorphoTrust USA, Mitek Systems, LexisNexis, Janrain

Market Highlights

The global consumer IAM market accounted for USD 13.75 billion in 2016 growing at a CAGR of 16.75% during the forecast period of 2017 to 2024.

Identity and access management (IAM) solutions help organizations in the management of identities of employees, consumers, partners, contractors, and others to ensure secure and seamless services. Consumer IAM industry players help in implementing solutions that authenticate identities of customers across digital and non-digital channels. Consumer identity and access management solutions adopted by businesses assist in securing sensitive data of customers and protecting them from cyber-threats and other financial frauds. Moreover, increase in incidents of cyber-attacks and ongoing trend of using IoT across various sectors including public, manufacturing, education, defense, media & entertainment, and others are the prominent driving factors of the market. However, lack of standardization and rise in concerns towards cloud-based security is expected to hamper global consumer identity and access management solutions adoption trend. Moreover, growing adoption of mobile devices, increasing scalability & performance of consumer IAM security solutions in adverse conditions such as elastic demand, and aggrandized generation of network traffic are expected to provide lucrative growth opportunities to the market players during the forecast period.

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Global consumer IAM market competition by top players including –
• IBM Corporation,
• Microsoft Corporation,
• TransUnion LLC.,
• Ping Identity.,
• Onegini, Okta, Inc.,
• MorphoTrust USA,
• Mitek Systems, Inc.,
• LexisNexis,
• Janrain, Inc,
• LifeLock, Inc.,
• Gigya, Inc.,
• GB Group plc ('GBG'),
• Equifax, Inc.,
• Experian plc,
• Aware, Inc.,
• Centrify Corporation.,
• TraXion Engineered Products

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Market Segments:

The global consumer IAM market is segmented on the basis of solution into directory services identity proofing/verification, identity authentication, identity analytics, identity administration & authorization.
• On the basis of service, the global consumer IAM market is further segmented into professional services, consulting, training and education, support and maintenance and managed services.
• On the basis of authentication type, the global consumer IAM market is further segmented into passwords, knowledge-based answers, tokens, biometrics, PIN and security certificates.
• On the basis of deployment mode, the global consumer IAM market is further segmented into cloud and on-premises.
• On the basis of vertical, the global consumer IAM market is further segmented banking, financial services, & insurance (BFSI), government, healthcare, education, retail and consumer goods, media & entertainment, telecommunications, travel & hospitality and others.

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