Global Consumer Identity and Access Management (IAM) Market Expected to Reach USD 56,098.7 Million by 2030, with a CAGR of 16.42% | IGR

Infinium Global Research, a prominent market research company, has released an extensive report on the Global Consumer Identity and Access Management (IAM) Market. The report offers a deep dive into various market segments, shedding light on both global and regional trends, drivers, restraints, and macro indicators that impact the consumer IAM market over both short and long terms. It also provides forecasts and dollar values for the global consumer IAM market.

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Identity Theft Concerns Propel Consumer IAM Market

The global consumer IAM market, valued at USD 17,032.5 million in 2022, is projected to grow at a CAGR of 16.42% and reach USD 56,098.7 million by 2030. This growth is primarily driven by the escalating incidents of identity theft and fraud. In recent years, these incidents have surged dramatically, with consumer IAM solutions aiding organizations in securely acquiring and storing their customers' personal data. This, in turn, reduces the risk of sensitive consumer data theft, contributing to market growth. Furthermore, stringent privacy regulations across various countries are expected to boost the adoption of consumer IAM (CIAM) solutions. Governments worldwide are taking concrete steps to safeguard their citizens' personal data in light of concerns about data misuse for criminal activities. These measures have led to the enactment of various legislations for data protection.

Lack of Identity Management Standards and AI Adoption

Despite the positive growth, the market faces challenges, such as the lack of standardized identity management regulations. Many government-imposed laws fail to explicitly regulate the type of customer information managed by organizations, and guidelines and policies are often vague. This lack of identity management standards hampers the market's growth potential.

On a positive note, the increasing adoption of artificial intelligence (AI), particularly machine learning (ML), is creating growth opportunities. Consumer IAM vendors are leveraging AI to enhance access security and maintain the integrity of consumer identities. AI enables a more nuanced approach to role-based access, lowers the risk of privileged access abuse, and automates authentication for low-risk access situations. Machine learning algorithms improve network activity monitoring, flagging suspect activities. These advantages are driving the adoption of AI in IAM solutions.

Key Players

Leading players in the global consumer IAM market include IBM, MICROSOFT, SALESFORCE, SAP, BROADCOM, OKTA, AKAMAI TECHNOLOGIES, PING IDENTITY, FORGEROCK, and LOGINRADIUS.

Escalating Identity Theft Incidents

Identity theft incidents have been on the rise in recent years. In the United States, more than 4.7 million fraud and identity theft complaints were reported in 2020, an increase of over 45% from the previous year, as per the Consumer Sentinel Network Data Book published by the Federal Trade Commission. Identity theft accounted for 30% of all fraud cases in the U.S. in 2020. Similarly, 33% of reported frauds in Europe were related to identity theft, affecting countries like the UK, Ireland, Denmark, and the Netherlands. Such frauds have resulted in significant financial losses, with Americans losing over USD 3 billion and Europeans losing EUR 12 billion in 2020. Organizations are turning to consumer IAM solutions to mitigate identity theft risks, enabling them to securely manage their customers' personal data.

Government Regulations for Data Protection

Concerns over the misuse of personal data for criminal activities have prompted governments worldwide to pass data protection legislations. For example, the California Consumer Privacy Act (CCPA) and the Virginia's Consumer Data Protection Act (CDPA) in the United States compel organizations to maintain transparency with consumers regarding data usage. In Europe, the General Data Protection Regulation (GDPR) and the Data Protection Law Enforcement Directive govern the processing of personal data and its free movement. Organizations adopt consumer IAM solutions to comply with these regulations, which offer pre-determined and real-time access control, ensuring compliance and enhancing market growth.

Segmentation

The report offers a detailed segmentation of the consumer IAM market based on solution, service, deployment mode, and end-user. Solution categories include advanced authentication, data governance, identity proofing services, directory services, and others. Service categories comprise professional services and managed services. Deployment modes encompass on-premises and cloud. End-users encompass BFSI, retail and e-commerce, healthcare, IT, and others.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Consumer Identity and Access Management (IAM) Market Highlights

2.2. Consumer Identity and Access Management (IAM) Market Projection

2.3. Consumer Identity and Access Management (IAM) Market Regional Highlights

Chapter 3. Global Consumer Identity and Access Management (IAM) Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1.Drivers

3.2.2.Restraints

3.2.3.Opportunities

3.3. Analysis of COVID-19 impact on the Consumer Identity and Access Management (IAM) Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1.IGR-Growth Matrix Analysis by Solution

3.5.2.IGR-Growth Matrix Analysis by Service

3.5.3.IGR-Growth Matrix Analysis by Deployment Mode

3.5.4.IGR-Growth Matrix Analysis by End-user

3.5.5.IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Consumer Identity and Access Management (IAM) Market

Chapter 4. Consumer Identity and Access Management (IAM) Market Macro Indicator Analysis

Global Consumer Identity and Access Management (IAM) Market by Solution
5.1. Advanced Authentication

5.2. Data Governance

5.3. Identity Proofing Services

5.4. Directory Services

5.5. Others

Chapter 6. Global Consumer Identity and Access Management (IAM) Market by Service

6.1. Professional Services

6.2. Managed Services

Chapter 7. Global Consumer Identity and Access Management (IAM) Market by Deployment Mode

7.1. On-premises

7.2. Cloud

Chapter 8. Global Consumer Identity and Access Management (IAM) Market by End-user

8.1. BFSI

8.2. Retail and ECommerce

8.3. Healthcare

8.4. IT

8.5. Others

Chapter 9. Global Consumer Identity and Access Management (IAM) Market by Region 2023-2030

9.1. North America

9.1.1.North America Consumer Identity and Access Management (IAM) Market by Solution

9.1.2.North America Consumer Identity and Access Management (IAM) Market by Service

9.1.3.North America Consumer Identity and Access Management (IAM) Market by Deployment Mode

9.1.4.North America Consumer Identity and Access Management (IAM) Market by End-user

9.1.5.North America Consumer Identity and Access Management (IAM) Market by Country

9.2. Europe

9.2.1.Europe Consumer Identity and Access Management (IAM) Market by Solution

9.2.2.Europe Consumer Identity and Access Management (IAM) Market by Service

9.2.3.Europe Consumer Identity and Access Management (IAM) Market by Deployment Mode

9.2.4.Europe Consumer Identity and Access Management (IAM) Market by End-user

9.2.5.Europe Consumer Identity and Access Management (IAM) Market by Country

9.3. Asia-Pacific

9.3.1.Asia-Pacific Consumer Identity and Access Management (IAM) Market by Solution

9.3.2.Asia-Pacific Consumer Identity and Access Management (IAM) Market by Service

9.3.3.Asia-Pacific Consumer Identity and Access Management (IAM) Market by Deployment Mode

9.3.4.Asia-Pacific Consumer Identity and Access Management (IAM) Market by End-user

9.3.5.Asia-Pacific Consumer Identity and Access Management (IAM) Market by Country

9.4. RoW

9.4.1.RoW Consumer Identity and Access Management (IAM) Market by Solution

9.4.2.RoW Consumer Identity and Access Management (IAM) Market by Service

9.4.3.RoW Consumer Identity and Access Management (IAM) Market by Deployment Mode

9.4.4.RoW Consumer Identity and Access Management (IAM) Market by End-user

9.4.5.RoW Consumer Identity and Access Management (IAM) Market by Sub-region

Chapter 10. Company Profiles and Competitive Landscape

10.1. Competitive Landscape in the Global Consumer Identity and Access Management (IAM) Market

10.2. Companies Profiles

10.2.1. IBM

10.2.2. MICROSOFT

10.2.3. SALESFORCE

10.2.4. SAP

10.2.5. BROADCOM

10.2.6. OKTA

10.2.7. AKAMAI TECHNOLOGIES

10.2.8. PING IDENTITY

10.2.9. FORGEROCK

10.2.10. LOGINRADIUS

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Consumer Identity and Access Management.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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