2025-2034 Consumer IAM Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

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What Will the Consumer IAM Industry Market Size Be by 2025?
The size of the consumer IAM market has seen a significant rise in the recent past. The projections show that it will increase from $12.42 billion in 2024 to $14.33 billion in 2025, growing at a compound annual growth rate (CAGR) of 15.4%. Factors like digital transformation, increase in cybersecurity threats, the spread of online services, regulatory compliance demands, consumers' penchant for personalization, mobile and social media adoption, as well as an increased sensitivity around identity theft have contributed to this historic growth.

What's the Long-Term Growth Forecast for the Consumer IAM Market Size Through 2029?
The next few years should see a swift expansion in the consumer iam market, with projections indicating growth to $27.67 billion in 2029 at a compound annual growth rate (CAGR) of 17.9%. This predicted surge during the projection period can be attributed to factors such as the rise of customer data platforms (CDPs), the adoption of cutting-edge authentication methods, the growing importance of customer loyalty, the broadening scope of subscription services, and the worldwide spread of online businesses. Key trends during this period are expected to be user-focused authentication methodologies, conjunction with customer experience platforms, cloud-oriented CIAM services, adherence to regulatory standards, the application of AI and machine learning in CIAM, as well as improved user registration and onboarding procedures.

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What Are the Key Growth Drivers Fueling the Consumer IAM Market Expansion?
The surge in security infringements and cyber-attacks is anticipated to boost the expansion of the consumer IAM market in the future. Cyberattacks involve unlawful attempts to infiltrate computer systems or networks with the intention to inflict harm. Malefactors persistently aim at Customer (or consumer) identity to conduct harmful activities, augmenting the requirement for system security. CIAM offers protection for data privacy and serves as a shield against fraud and maltreatment, which encompasses identity theft, security theft, and cyber-attacks. For instance, in February 2023, based on data from the Australian Cyber Security Centre, an Australian cyber security organization, the number of reported cyber crimes in 2022 had escalated to 76,000, which was a 13% increment from the previous year. Consequently, the upsurge in security infringements and cyberattacks is propelling the growth of the consumer IAM market.

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What Are the Key Trends Driving Consumer IAM Market Growth?
Technological advancements are a driving trend that is becoming increasingly popular in the consumer IAM market. Key players in the market are focusing on developing cutting-edge technologies to maintain their standing within the industry. For example, International Business Machines Corporation, an American technology company, introduced an enhanced version of AI-powered managed detection and response service in October 2023. The newly introduced Threat Detection and Response Services (TDR) offer round-the-clock monitoring, evaluation, and automatic remediation of security alerts across all relevant technologies in the client's hybrid cloud environment, encompassing their current security tools and expenditures. This also includes cloud, on-site, and operational technologies (OT). The IBM Consulting global team of security analysts offers the managed services using IBM's next-level security services platform. This platform uses various AI layers and context-based threat analysis from the company's extensive global security network to automate processes and quickly address pressing threats.

How Is the Consumer IAM Market Segmented?
The consumer iammarket 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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Which Companies Are Leading the Charge in Consumer IAM Market Innovation?
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.

Which Regions Are Leading the Global Consumer IAM Market in Revenue?
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.

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