CONSUMER IDENTITY AND ACCESS MANAGEMENT (IAM) MARKET GROW AT A CAGR OF 10.6% TO ACCOUNT TO US$ 13.56 BN BY 2026

Microsoft (U.S.), IBM Corporation (U.S.), Ping Identity (U.S.), Salesforce (U.S.), Okta, Inc.(U.S.) CA Technologies (U.S.), SAP SE (Germany), LoginRadius (Canada), iWelcome (Netherlands), GlobalSign (U.K.), Trusona (U.S.), SecureAuth (U.S.), Acuant (U.S.), EmpowerID (U.S.), Pirean (U.K.), Avatier (U.S.), Ergon (Switzerland), and Ubisecure (Finland).

The consumer identity and access management market was valued at USD 13.56 Billion in 2017 and is expected to grow at a CAGR of 10.6% during the forecast period, 2019–2026.

Customer identity and access management (CIAM) is a system that enables organizations to securely capture and manage customer identity and profile data, and control customer access to applications and services. Identity and access management systems provide a combination of features including customer registration, multi-factor authentication (MFA), self-service account management, management, and single sign-on (SSO). 

The most notable consumer identity and access management (IAM) market participants are Microsoft (U.S.), IBM Corporation (U.S.), Ping Identity (U.S.), Salesforce (U.S.), Okta, Inc.(U.S.) CA Technologies (U.S.), SAP SE (Germany), LoginRadius (Canada), iWelcome (Netherlands), GlobalSign (U.K.), Trusona (U.S.), SecureAuth (U.S.), Acuant (U.S.), EmpowerID (U.S.), Pirean (U.K.), Avatier (U.S.), Ergon (Switzerland), and Ubisecure (Finland) for a considerable share of the market owing to their product offerings to the market.

The demand for consumer IAM systems has been rising as older systems lack the proper settings to be configured in accordance with the stated security policies and standards. In addition, growing popularity of mobiles, and increasing adoption of IoT technology are some of the key factors driving the growth of the customer IAM market. IoT is creating a variety of opportunities for the consumer IAM market. Many service providers have started incorporating various device identity and access technologies into IoT platforms to simplify security designs in IoT deployments. This situation is likely to accelerate the growth of the consumer IAM market in coming years.
Increasing incidences of cyber-attacks are significantly driving the growth of the consumer IAM market. For instance, in 2016, Uber reported that hackers stole information of over 57 million riders and drivers. Moreover, the cost associated with cybersecurity has been increasing over the years. For instance, in 2016, the U.S government spent USD 28 billion on cyber-security. Therefore, the demand for consumer IAM technology has been rising to prevent cyber-attacks by limiting access to sensitive data for unauthorized persons.

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By Service Type, Professional Services, Managed Services
By Solution, Advanced Authentication, Identity Proofing Services, Data Governance, Directory Service, Others
By Deployment, On-Premise, Cloud
By Industry Vertical, BFSI, Healthcare, IT & Telecom, Retail, Others

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Consumer Identity and Access Management (IAM) in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Consumer Identity and Access Management (IAM) market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Consumer Identity and Access Management (IAM) and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Consumer Identity and Access Management (IAM). The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Why Buy This Report?
With the help of the consumer IAM, businesses have the opportunity to recognize their customers at every interaction across multiple digital channels as it represents the brand and ultimately drives customer experience and interaction.

In September 2017, SAP SE acquired Gigya, one of the market leaders for customer identity and access management. This acquisition will help both the companies further build upon this existing strong relationship.

This report offers key insights pertaining to the consumer identity and access management market with emphasis on recent developments across geographies and development strategies adopted by prominent market participants. The following sections have specifically been covered in the report.

Definitive Market Data
Consumer IAM Market Analysis
Competitive Analysis
Recent Opportunities in the Market
6-7-Year Performance Forecasts: Major Segments Covering Applications, Types, and Geographies
Market Share Analysis
Technology Assessment
Potential Venture Avenues

Key Questions Answered in the Report:
What is the current scenario of the Global Consumer Identity and Access Management (IAM) market? How is the market going to prosper throughout the forecast period?
What are the emerging technologies and related tools that are going to profit the market?
What is the current size of the Global Consumer Identity and Access Management (IAM) Market?
Which segments are the fastest growing and the largest in the market? What is their market potential?
What are the driving factors contributing to market growth during the short, medium, and long term?

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