Consumer Identity And Access Management Market Will Rise At A CAGR Of 17.3% By 2027 With Top Key Players Like IBM, Microsoft, Okta, Ping Identity Corporation, ForgeRock

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Consumer Identity And Access Management Market Size, Growth Rate, And Forecast

The global consumer identity and access management market size grew from $27.57 billion in 2022 to $32.75 billion in 2023 at a compound annual growth rate (CAGR) of 18.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The consumer identity and access management market size is expected to grow to $62.04 billion in 2027 at a CAGR of 17.3%.

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Consumer Identity And Access Management Market Drivers

The increase in usage of internet of things (IoT) devices is expected to propel the growth of consumer identity and access management market in the forecast period. The internet of things (IoT) is a system of interrelated, internet-connected objects which can collect and transfer data over a wireless network without human intervention. IoT poses new security and privacy risks, possibly jeopardizing customer trust and the value of these new technologies. As a result, IoT organizations are adopting CIAM since it plays a critical role in ensuring user identity security. For instance, according to the TechJury Report, 35 billion IoT devices are projected to be installed across the world by the end of 2021.

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Consumer Identity And Access Management Market Segments

• By Component: Solutions, Services

• By Deployment Mode: Cloud, On-Premises

• By Organisation Size: Large Enterprises, SMEs

• By Vertical: Banking, Financial Services, And Insurance (BFSI), Healthcare, IT And Telecom, Consumer Goods And Retail, Energy And Utility, Public Sector, Other Verticals

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the consumer identity and access management (CIAM) market.

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Consumer Identity And Access Management Market Key Players
Major competitors in the consumer identity and access management market are IBM, Microsoft, Okta, Ping Identity Corporation, ForgeRock, LoginRadius, Janrain Inc., Salesforce, SAP, Akamai Technologies.

The Business Research Company's "Global Consumer Identity And Access Management Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Consumer Identity And Access Management Market Include:
1. Executive Summary
2. Consumer Identity And Access Management Market Characteristics
3. Consumer Identity And Access Management Market Trends And Strategies
4. Consumer Identity And Access Management Market - Macro Economic Scenario
5. Consumer Identity And Access Management Market Size And Growth
………………
27. Consumer Identity And Access Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Consumer Identity And Access Management Market
29. Consumer Identity And Access Management Market Future Outlook and Potential Analysis
30. Appendix

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