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Overview and Scope
Customer Identity and Access Management is an identification technology that enables businesses to manage customer identities and provide a secure and enhanced experience.
Sizing and Forecast
The consumer identity and access management market size has grown rapidly in recent years. It will grow from $31.66 billion in 2023 to $37.04 billion in 2024 at a compound annual growth rate (CAGR) of 17.0%. The growth in the historic period can be attributed to personalization and user experience, mobile app proliferation, e-commerce growth, user data security concerns, regulatory compliance.
The consumer identity and access management market size is expected to see rapid growth in the next few years. It will grow to $71.59 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to consent management, identity verification services, expansion of digital services, user-centric identity management, globalization of businesses, gdpr and privacy regulations evolution.. Major trends in the forecast period include multi-factor authentication (mfa) adoption, consent management and privacy compliance, progressive profiling for user data collection, identity verification and anti-fraud measures, cloud-based ciam solutions, globalization and localization features.
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Segmentation & Regional Insights
The consumer identity and access management market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organisation Size: Large Enterprises, SMEs
4) By Vertical: Banking, Financial Services, And Insurance (BFSI), Healthcare, IT And Telecom, Consumer Goods And Retail, Energy And Utility, Public Sector, Other Verticals
North America was the largest region in the consumer identity and access management (CIAM) market in 2023. Europe was the second-largest market in the consumer identity and access management (CIAM) market share. The regions covered in the consumer identity and access management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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. Therefore, the increase in usage of internet of things (IoT) devices is driving the growth of the consumer identity and access management market.
Key Industry Players
Major companies operating in the consumer identity and access management market report are International Business Machines Corporation, Microsoft Corporation, Okta Inc., Ping Identity Corporation, ForgeRock Inc., LoginRadius Inc., Janrain Inc., Salesforce. com Inc., Akamai Technologies Inc., Onegini B. V., Centrify Corporation, Mitek Systems Inc., LexisNexis Risk Solutions Group, GB Group plc, Aware Inc., iWelcome B. V., Acuant Inc., RSA Security LLC, Symantec Corporation, NetIQ Corporation, Oracle Corporation, CA Technologies, Dell EMC, Hitachi ID Systems Inc., Intel Corporation, Amazon Web Services Inc., McAfee, CyberArk Software Ltd., Thales Group, Micro Focus International plc, One Identity LLC, SailPoint Technologies Holdings Inc.
The consumer identity and access management market report table of contents includes:
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. Global Consumer Identity and Access Management Market Size and Growth
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26. South America Consumer Identity and Access Management Market
27. Brazil Consumer Identity and Access Management Market
28. Middle East Consumer Identity and Access Management Market
29. Africa Consumer Identity and Access Management Market
30. Consumer Identity and Access Management Market Competitive Landscape And Company Profiles
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