Global Consumer IAM Market was valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of 16.2% over the forecast period 2019-2027.
Global Consumer IAM Market
The report covers an in-depth analysis of COVID-19 pandemic impact on Global Consumer IAM Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Consumer IAM is part of Identity Access Management (IAM) which focuses mainly on access, security and identity management of software applications. Customer IAM consists of login and registration processes that enable the user to sign in and use the company’s application.
Significant drivers of the IAM consumer market are boosting the demand for enriched, reliable and frictionless customer service and improving operational performance. The increasing convergence of consumer IAM with marketing tools and shifting interest from traditional IAM to consumer IAM generate opportunities that will increase demand for consumer IAM in the forecast era. The market is likely to present opportunities for untapped markets and increasing recognition among users which is expected to create lucrative opportunities for the market over the forecast period. For instance, In June 2020, IBM partnered with Wipro to help Wipro build hybrid cloud offerings to help companies migrate, manage and transform mission-critical workloads and applications with security through public or private cloud and on-site IT environments.
Companies found CIAM technology to be capital spending, and these technologies had to be bought and introduced on-site. There was a large cost structure associated with the successful implementation of the CIAM projects, which took months of hard work. This pattern is now evolving due to the rise of the cloud sector, and the deployment and access to CIAM cloud-based services are becoming easier every day. Cloud-based CIAM systems require less capital investment and less time to implement.
The report covers the segments in the consumer IAM market such as component, deployment, industry vertical, organization size and by region. By component, Identity Verification and Authentication is anticipated to account for a major XX% share during the forecast period. This is growth is attributed to the hosting of multiple domains or websites. It supports virtual hosting, multiple protocols, basic HTTP authentication, load balancing, and URL.
Based on deployment, cloud-based held the highest market share in 2019 thanks to the high reliance as the organizations need to keep their large consuming data on cloud technologies. Moreover, it can be accessed remotely from anywhere. The growth of cloud-based applications is due to the penetration of internet-of-things applications. Many organizations are decreasing the number of physical servers in their data centres as virtualization empowers servers to host additional workloads.
By industry vertical, BFSI segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period because it has to deal with critical data and information, these organizations have seen the strong adoption of advanced technologies. Likewise, the report will provide an accurate prediction of the contribution of the various segments to the growth of the consumer IAM market size.
North America accounted for the largest consumer IAM market share in 2019, with a market value of US$ XX.22 Mn; the regional market is expected to register a CAGR of XX.67% during the 2019-2027. This growth is attributed to the early adoption of advanced technologies in the USA. Also, the service in the market in APAC is forecasted to expand a significant pace on account of the growing penetration of internet as well as digitization in countries such as India, China, Korea, etc.
In recent years, major players in the consumer IAM market have taken several strategic measures, such as facility expansions and partnerships. Such as, Akamai Technologies Company had acquired Janrain in Jan 2019. This acquisition has permitted Akamai Technologies in establishment its Company position.
The objective of the report is to present a comprehensive analysis of the Global Consumer IAM Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Consumer IAM Market dynamics, structure by analyzing the market segments and project Global Consumer IAM Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Consumer IAM Market the report investor’s guide.
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Scope of Global Consumer IAM Market
Global Consumer IAM Market Segmentation by Component
o Identity Verification and Authentication
o Identity Governance
o Access and Management Authorization
o Behavioral Analytics
o Support & Maintenance
Global Consumer IAM Market Segmentation by Deployment
Global Consumer IAM Market Segmentation by Industry Vertical
• Banking Financial Industry Vertical and Insurance
• Healthcare and Life Sciences
• IT and Telecommunication
• Energy and Utilities
• Government & Defence
Global Consumer IAM Market Segmentation by Organization Size
• Large Enterprises
• Small Medium Enterprises
Global Consumer IAM Market Segmentation by Region
• North America
• MEA& Africa
• Latin America
Global Consumer IAM Market Major Players
• IBM Corporation
• SAP SE
• Akamai Technologies
• Ping Identity
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