Consumer IAM Market Scope
Consumer identity and access management (IAM) market is estimated to flourish owing to the frequent occurrence of cyber-attack and breach of cybersecurity. There are growing trends of adoption of smart devices and IoT (internet of things) technology. There is a rising trend for smart home, smart buildings and that provides an opportunity for the consumer IAM market during the forecast period. Moreover, this region consists of a large number of emerging economies such as India, China, South Korea which witnesses a high growth rate and triggering growth potential for telecommunication, healthcare, education sectors and this is a major driving factor for the market of consumers IAM during the forecast period.
The market study is being classified and major geographies with country level break-up. According to AMA, the Global Consumer IAM market is expected to see growth rate of 15.1%
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Consumer IAM market throughout the predicted period.
IBM (United States), Microsoft (United States), Salesforce (United States), SAP (Germany), Broadcom (United States), Okta (United States), Akamai Technologies (Canada), Ping Identity (United States), ForgeRock (United States) and LoginRadius (United States) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Consumer IAM market by Type, Application and Region.
On the basis of geography, the market of Consumer IAM has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- Demand to deliver a frictionless customer experience
- High adoption due to Identity theft and fraud
- Growth in security breaches as well as cyberattacks
- The growing trends of adoption of smart devices and IoT technology
- High demand due to cultural shift from traditional IAM to CIAM
- The proliferation of cloud-based CIAM solutions and services
- Lack of identity standards and budgetary constraints in deploying CIAM solutions
- Scarcity of skilled cybersecurity professionals among enterprises
- Difficulties in addressing the complexity of advanced threats
Key Target AudienceService Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
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