Global Consumer Identity and Access Management (IAM) Market Overview:
Customer identity and access management (CIAM) empower associations to safely and securely manage client identity and profile information, just as control client access to applications and administrations. In other words, it is a subset of identity access management (IAM) which is specifically focusing on managing the identities of customers who want access to corporate websites. CIAM is also known as customer identity arrangements generally provide a mix of attributes like customer registration, account management, preference management, multi-factor authentication, and access governance. CIAM plays a crucial role in enhancing both security and experience across the customer journey, no matter which channel (web, mobile) customer used to engage. Therefore, CIAM provides the great user experience, help to deliver smooth and secure journey and provide protection from breaches, privacy violation.
- Growing demand to deliver a smooth customer experience
- Provide consistent assistance to protect from breaches, privacy violations, and frauds
- Higher initial investment and maintenance cost for employing CIAM systems in order to integrate robust security technologies
- Lack of appropriate resources and proper identity standards
- Growth and development in the cloud market, and implementing and accessing cloud-based CIAM services
- Increasing scalability & performance of consumer IAM security solutions in adverse conditions such as elastic demand
- Understand different types of cyber-attacks by cybercriminals
- Lack of addressing the complexity of advanced threats system
The leading players in the market creating new collaborations with the companies who provide security solutions in order to secure identity solutions to confidently understand imperative situations and stop malicious activity. Also, organizations make new acquisitions to deliver the most advanced fraud detection solutions to companies across the globe and enhancing digital transformation initiatives.
Some of the key players profiled in the report are Microsoft (United States), IBM (United States), Akamai Technologies (United States), Ping Identity (United States), Onegini (Netherlands), Mitek Systems, Inc. (United States), LexisNexis Risk Solutions Group (United States), Salesforce (United States), SAP SE (Germany) and Broadcom (United States). Additionally, following companies can also be profiled that are part of our coverage like TransUnion LLC (United States), Okta (United States), ForgeRock (United States), LoginRadius Inc. (Canada), Experian Information Solutions, Inc. (United States) and Aware, Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Consumer Identity and Access Management (IAM) market by 2026. Considering Market by , the sub-segment i.e. will boost the Consumer Identity and Access Management (IAM) market.
Latest Market Insights:
On 21 June 2021, Ping Identity, the Intelligent Identity solution for the enterprise acquired SecuredTouch, a leader in fraud and bot detection and mitigation in order to provide a more secure and seamless experience for their customers. The acquisition of SecuredTouch accelerates our vision for cloud-delivered intelligent identity solutions that combat malicious behavior such as bots, emulators, and account takeover.
On 27 April 2021, IBM, an enterprise provides security products and collaborated with HCL Technologies (HCL) global enterprises with technology assist to streamline threat management for clients via a modernized security operation center platform. This collaboration builds HCL and IBM to help organizations with digital transformation and modernizing security operations and helping clients accelerate their security outcomes.
What Can be Explored with the Consumer Identity and Access Management (IAM) Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Consumer Identity and Access Management (IAM) Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Consumer Identity and Access Management (IAM)
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Consumer Identity and Access Management (IAM) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Consumer Identity and Access Management (IAM) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes IT Industry, Industrial associations, Private Research Institutions, Government Regulatory Bodies and Technology Institutes.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Consumer Identity and Access Management (IAM) Market?
The Consumer Identity and Access Management (IAM) market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Consumer Identity and Access Management (IAM) Market?
Top performing companies in the Global Consumer Identity and Access Management (IAM) market are Microsoft (United States), IBM (United States), Akamai Technologies (United States), Ping Identity (United States), Onegini (Netherlands), Mitek Systems, Inc. (United States), LexisNexis Risk Solutions Group (United States), Salesforce (United States), SAP SE (Germany) and Broadcom (United States), to name a few.
3. What trending factors would impact Consumer Identity and Access Management (IAM) Market growth most?
"Increase in focus on personalizing the communication with the customer
" is seen as one of major influencing trends for Consumer Identity and Access Management (IAM) Market during projected period 2020-2026.