Consumer Identity and Access Management (IAM) Market New Revenue Sources, Latest Trends and 2026 Threshold | StraitsResearch.com

Consumer Identity and Access Management (IAM) Market

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). They secure seamless customer experience at extreme scales and performance through channels such as web, and mobile. IAM systems help organizations in the management of identities of employees, consumers, partners, contractors, and others to ensure secure and seamless services. Increasing demand in security governance, enforcement concerns, distributed systems, and workforce, as well as lower quality of security services within organizations are collectively expected to boost the growth of the consumer identity and access management market.

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.

North America is expected to hold the largest share in the consumer IAM market during the forecast period, owing to increased identity thefts through cyber-attacks on businesses. In addition, regulatory compliance is another driver for the IAM market growth In North America as many organizations are implementing a variety of regulations with an aim to eliminate redundancy and automate assessments, communication, and reporting.

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.

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The Major Prominent Players Covered in this Report:
IAM market include 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).

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

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Consumer Identity and Access Management (IAM) Market Trends:
- The report identifies, determines, and forecasts the Global Consumer Identity and Access Management (IAM) Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Consumer Identity and Access Management (IAM) Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Consumer Identity and Access Management (IAM) Market.

Key Questions Answered in The Report:
What will the Consumer Identity and Access Management (IAM) market growth rate?
What are the key factors driving the global Consumer Identity and Access Management (IAM) market?
Who are the key manufacturers in the Consumer Identity and Access Management (IAM) market space?
What are the market opportunities, market risk, and market overview of the Consumer Identity and Access Management (IAM) market?
What are sales, revenue, and price analysis of top manufacturers of the Consumer Identity and Access Management (IAM) market?
Who are the distributors, traders, and dealers of the Consumer Identity and Access Management (IAM) market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Consumer Identity and Access Management (IAM) Industry?
What are sales, revenue, and price analysis by regions of Consumer Identity and Access Management (IAM) industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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

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