November 25, 2020

Consumer IAM Market 2020 Status, Growth Rate by Applications, and Future Forecast 2027

The Global Consumer IAM Market is estimated to reach USD 57.2 Billion by 2027 at a CAGR of 17.8%.

Customer identity and access management is a type of digital identity management tool for small and medium scale industries and large enterprises. It helps to enable real-time data, activation and end-to-end security of the business and to the enterprise. Moreover, it enables the process to manage and recognize the right person to access the right resources at the right time for the right cause. However, it’s a multi-dimensional concept that enables an organization to securely manage and capture consumer profiles to identify the data dimensionally.

Consumer IAM Market: Drivers & Challenges

Market Drivers:

Increasing Growth for Digitalisation

Increasing the growth in digital platforms help to increase the security level and transparency of the enterprise for boosting the growth of the consumer IAM market. It is used to improve customer satisfaction, ensure better compliance and reduce the cost for the organization. Also, it used to increase work efficiency by reducing workload and business growth. Moreover, it enables real-time identity tools for businesses growth and development.

Hence, increasing growth for digitalisation is expected to surge the consumer IAM market during the forecast period.

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Rising Adoption for IoT Technology

The demand for consumer IAM is increasing in the adoption of Internet of things (IoT) technology. Also, it provides various advantage such as governance capabilities to manage data and devices. The IoT technology will help to provide extensive growth for both consumers as well as for the business environment. However, the technology is also used for monitoring the device, and for tracking the data.

This trend is expected to continue in the forecast period, which is anticipated to drive the consumer IAM market during the forecast period.

Market Challenges:

Lack of Knowledge and Support

Lack of knowledge and support when it comes to certification and authorization of devices may hamper the growth of the market. However, another problem arises when there is a lack of support for access management solutions which includes outdated, non-existent access management policies and a lack of features to balance the security. Furthermore, the limited technical domain expertise can increase the risk, cost, and delay in the provision of data.

However, the lack of knowledge and support of workers may hinder the growth of the market in the forecast period.

Consumer IAM Market: Key Segments

  • Based on Deployment Type: Cloud and On-premise
  • Segment by Components: Services and Solution
  • Based on Verification Type: Passwords, Biometric, Knowledge-Based and Token-Based
  • By End-User: Retail and Consumer Goods, BFSI, Telecommunication, Media and Entertainment, Education, Healthcare, Travel, and Others
  • Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis

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Consumer IAM Market: Report Scope

The report on the consumer IAM market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Consumer IAM Market include:

  • IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • SAP SE
  • com, Inc.
  • Okta, Inc.
  • Akamai Technologies
  • Microsoft
  • ForgeRock
  • LoginRadius Inc.
  • iWelcome
  • Trusona
  • Other Key Companies

Consumer IAM Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Consumer IAM Market, By Deployment Type

  • Cloud
  • On-premise

Consumer IAM Market, By Component

  • Services
    • Support Services
    • Training Services
    • Advisory Services
  • Solution
    • Identity Management
    • Cloud Identity Management
    • Access Management
    • Consent Management
    • Authentication Management

Consumer IAM Market, By Verification Type

  • Passwords
  • Biometric
  • Knowledge-Based
  • Token-Based

Consumer IAM Market, By End-User

  • Retail and Consumer Goods
  • BFSI
  • Telecommunication
  • Media and Entertainment
  • Education
  • Healthcare
  • Travel
  • Others

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Consumer IAM Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

  • What are the important developments impacting the global market and its advancement?
  • What will be the outcome of the developments in the global market in the industry and on the market competitor in the near and far future?
  • What is the type of global markets?
  • What are the growing applications of the global market?
  • What are the major characteristics that will influence the global market growth across the study period?
  • Who is the key global player driver in the market?
  • How are the major players leveraging in the definite global market conditions?

Table of Content

    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
    1. Introduction
    2. Drivers
      1. Increasing Growth for Digitalization
      2. Rising Adoption for IoT Technology
    3. Restraints
      1. Lack of IT Expertise
    4. Opportunities
      1. Advancement in IT industry
      2. Increasing Growth of Cloud Technology
    5. Challenges
      1. Lack of Knowledge and Support
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. CONSUMER IAM MARKET BY DEPLOYMENT MODE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Cloud
    3. On-premise
  7. CONSUMER IAM MARKET BY COMPONENTS, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Service
      1. Support Services
      2. Training Services
      3. Advisory Services
    3. Solution
      1. Identity Management
      2. Cloud Identity Management
      3. Access Management
      4. Consent Management
      5. Authentication Management
    1. Introduction
    2. Passwords
    3. Biometric
    4. Knowledge-Based
    5. Token-Based
  9. CONSUMER IAM MARKET BY END-USER, MARKET Size in USD Million (2019-2027)
    1. Introduction
    2. Retail and Consumer Goods
    3. BFSI
    4. Telecommunication
    5. Media and Entertainment
    6. Education
    7. Healthcare
    8. Travel
    9. Others
  10. CONSUMER IAM MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Spain
      6. The Netherlands
      7. Rest of Europe
    3. Asia-Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Taiwan
      6. Rest of Asia-Pacific
    4. Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East & Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    1. IBM Corporation
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. SAP SE
    3., Inc.
    4. Okta, Inc.
    5. Akamai Technologies
    6. Microsoft
    7. ForgeRock
    8. LoginRadius Inc.
    9. iWelcome
    10. Trusona
    11. Other Key Companies
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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