Consumer Identity And Access Management (CIAM) Thrives Amidst Rising Cybersecurity Threats And Breaches: An Emerging Driver Transforming The Consumer IAM Market Landscape

The Consumer IAM Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Consumer IAM Market?
The market size for consumer IAM has notably expanded in the last few years. Forecasts predict it will increase from $12.42 billion in 2024 to $14.39 billion in 2025, marking a compound annual growth rate (CAGR) of 15.8%. This extensive growth over historical periods can be linked to the rise in digital transformation, the upsurge in cybersecurity threats, the spread of online services, conformity to regulatory stipulations, consumer desire for personalisation, the adoption of mobile and social media, as well as an amplified awareness regarding identity theft.

The market size of consumer IAM is projected to experience a swift expansion in the coming years, escalating to a worth of $27.99 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 18.1%. Factors influencing this growth in the forecast period include the rise of customer data platforms (CDPs), adoption of sophisticated authentication procedures, heightened focus on customer loyalty, expansion of subscription services, and the worldwide growth of online businesses. Key trends for the forecast period encompass user-focused authentication methods, integration with platforms for customer experience, CIAM services based on the cloud, compliance with regulatory norms, the application of AI and machine learning in CIAM, and improved user registration and onboarding processes.

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What Are the Different Consumer IAM Market Segments?
The consumer IAM market covered in this report is segmented -

1) By Component: Solutions, Services
2) By Organization Size: Large Enterprises, SMEs
3) By Verticals: BFSI, Hospitality, Healthcare, Retail And E-commerce, Public Sector, Automotive, Education, IT, Transportation And Logistics, Other Verticals

Subsegments:
1) By Solutions: Single Sign-On (SSO) Solutions, Multi-Factor Authentication (MFA) Solutions, Identity Governance And Administration (IGA) Solutions, Access Management Solutions
2) By Services: Consulting Services, Implementation Services, Managed Services, Support And Maintenance Services

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What Are the Primary Drivers Shaping the Consumer IAM Market?
The swell in security infractions and cybercrimes should fuel the expansion of the consumer IAM market. Cyberattacks, where illicit attempts are made to breach computer systems and networks, are on the rise. Perpetrators frequently aim to exploit consumer identity for harmful purposes, escalating the necessity for robust system security. CIAM acts as a safeguard, delivering privacy protection and shielding against fraudulent activities and abuses like identity theft, security theft, and cyber onslaughts. For example, the Australian Cyber Security Centre, a cybersecurity agency based in Australia, reported receiving 76,000 cybercrime reports in 2022 - a 13% increase from the previous year. As such, the augmentation in security breaches and cybercrimes is fueling the growth of the consumer IAM market.

Which Companies Are Leading in the Consumer IAM Market?
Major companies operating in the consumer IAM market are International Business Machines Corp, Microsoft Corporation, Salesforce Inc., SAP AG, Broadcom Inc., Okta Inc., Akamai Technologies Inc., Ping Identity Corporation, ForgeRock Inc., LoginRadius Inc., Acuant Inc., GlobalSign.In Pte Ltd., Trusona Inc., Mitek Systems Inc., CA Technologies, WidasConcepts India Private Limited, Omada Health Inc., OneWelcome a Thales company, Ubisecure Solutions Inc., SecureAuth Corporation, WSO2 Inc., Amazon Web Services Inc., Simeio Solutions LLC, OneLogin Inc., Janrain Inc., Authlete Inc., Experian PLC, LoginID Inc., FusionAuth Inc., Veridium Inc., Avatier Corporation, TrueLayer Ltd., Zoho Corporation Pvt. Ltd., Aware Inc.

What Are the Major Trends Shaping the Consumer IAM Market?
Technology advancements remain a key trend in the consumer IAM market that is gaining traction. Leading market contenders are focusing on developing innovative technologies and refining their existing systems to maintain their standing in the consumer IAM market. To exemplify, in October 2023, the US-based technological firm, International Business Machines Corporation, introduced an upgraded version of its managed detection and response service which is driven by artificial intelligence. This recently unveiled Threat Detection and Response Services (TDR) provides round-the-clock monitoring, evaluation, and automated correction of security indications from all relevant technologies across the customer's hybrid cloud environments, incorporating current security tools and expenses, along with cloud, on-premises, and operational technologies (OT). These managed services are supplied by IBM Consulting's global team of security analysts via IBM's sophisticated security services platform, which uses multiple levels of AI and context-aware threat analysis from its extensive global security network to streamline operations while swiftly escalating critical threats.

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What Are the Top Revenue-Generating Geographies in the Consumer IAM Market?
North America was the largest region in the consumer IAM market in 2024. The regions covered in the consumer IAM market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Consumer IAM Market?
2. What is the CAGR expected in the Consumer IAM Market?
3. What Are the Key Innovations Transforming the Consumer IAM Industry?
4. Which Region Is Leading the Consumer IAM Market?

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