Consumer Identity and Access Management Market to Witness a Pronounce Growth By 2027 | Trending Report with Covid 19 Impact and Market Players Onegini, TransUnion, Ping Identity Corporation, Gigya, Inc., Centrify Corporation, Okta, Inc., Experian PLC, Jan

Global consumer IAM market was valued at $7,968 million in 2015 and is expected to reach $23,589 million in 2022, growing at 16.9% CAGR during the forecasts period 2014-2022, according to a new report. The advanced authentication solution segment dominated the global consumer identity and access management market, accounting for revenue of $3,770 million in 2015. North America is expected to be the leading contributor to the global consumer identity and access management market.

The research offers a detailed segmentation of the consumer IAM market. Key segments analyzed in the research include Solution Type, Service Type, Geography and more. Extensive analysis of sales, revenue, growth rate, and market share of each Solution Type, Service Type for the historic period and the forecast period is offered with the help of tables.

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The key players profiled in the report are Onegini, TransUnion, Ping Identity Corporation, Gigya, Inc., Centrify Corporation, Okta, Inc., Experian PLC, Janrain, Inc., Mitek Systems Inc., Traxion Inc., LexisNexis Risk Solutions Inc., MorphoTrust USA, GB Group, ID Analytics, Aware Inc., and Equifax Inc. Market players have adopted various strategies such as product launch, acquisition, collaboration, and partnership to expand their foothold in the market. For instance, in December 2016, Experian PLC and Touch Bank, the digital bank of OTP European Financial Group, launched FraudNet, which secures online transactions, including open fake accounts, account takeover, or fraudulent online transactions.

The report offers key drivers that propel the growth in the consumer IAM market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the business for future challenges in advance.

The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

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KEY FINDINGS OF CONSUMER IAM MARKET :

The BFSI industry segment dominated the overall consumer IAM market in terms of revenue, in 2015. It is projected to grow at a CAGR of 17.6% during the forecast period.

The advanced authentication solution segment is projected to grow at the highest CAGR of 17.8% from 2016 to 2022.

In 2015, the identity proofing services and others (password management, data aggregation, and registration) segments contributed $2,473 million and $1,725 million, respectively.

The on-premise deployment segment dominated the consumer IAM market in 2015, and is projected to garner notable revenue during the forecast period.

Cloud-based IAM solutions constituted around 47.4% share of the global market in 2015, and is expected to grow at the highest CAGR of 18.2% during the forecast period.

In 2015, North America generated the highest revenue in the global consumer IAM industry.
The Asia-Pacific region is expected to grow at a remarkable CAGR of 19.3% during the forecast period.

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