Global Consumer Identity and Access Management (IAM) Market-Outlook, Opportunity, Projects, Application and Company Analysis 2020-2026

Consumer Identity and Access Management (IAM) Market report provides the latest market data along with industry future trends, which keeps tracking of users driving the revenue growth rate of consumer identity and access management (IAM) market by solution (advanced authentication, data governance, identity proofing services, directory services, and others), service (professional services, and managed services), deployment mode (on-premises, and cloud), end-user (bfsi, retail and e-commerce, healthcare, it, and others) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players in the consumer identity and access management (IAM) market it includes the five years Industry analysis and the 6 years annual forecast from 2020 to 2026.

Some of the prominent participants in the global consumer identity and access management (IAM) market are IBM, MICROSOFT, SALESFORCE, SAP, BROADCOM, OKTA, AKAMAI TECHNOLOGIES, PING IDENTITY, FORGEROCK, and LOGINRADIUS. The global consumer identity and access management (IAM) market is projected to grow at a CAGR of 13.5% over the forecast period of 2020-2026.

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"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2021-2027."

The Section on the Impact of COVID-19 on this Market is Included in the Report for Free. 

Growing Concerns Regarding Data Breaches and Cyber-Attacks Are Expected to Majorly Drive the Growth of The Identity and Access Management Market

The concerns over the spread of coronavirus have compelled people to stay inside their homes to avoid infection. Thus, people are adopting online methods of shopping and transactions. This, in turn, is driving the adoption of IAM services across various sectors. Moreover, several industries are implementing work-from-home culture in order to adapt according to the changing lifestyle during the pandemic. Remote working augments the demand for seamless management of the identities of employees and other business stakeholders. IAM solutions are helping businesses to manage the stakeholder identity data securely and efficiently during the coronavirus crisis. However, the COVID-19 pandemic has severely affected the global economy, diminishing the sales of numerous industries. Lower revenue of the businesses has led to lower spending on consumer IAM solutions.

The growing concerns regarding data breaches and cyber-attacks are expected to majorly drive the growth of the identity and access management market. The number of cyber-attacks and data breaches has increased over the past few years. Consumer and employee data are more prone to cyber-attacks and data breaches. Thus, the demand to protect such data has increased in the recent past. Moreover, a rise in the cases of identity theft and fraud is anticipated to boost the market growth.

The consumer IAM solutions help organizations securely store the consumer identity and protect themselves from frauds. However, the lack of standardization of identity authentication solutions is one of the key challenges for the market. On the other hand, the growing adoption of cloud-based IAM solutions is expected to offer business opportunities during the forecast period.

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North America Generated the Largest Revenue in The Consumer Identity and Access Management Market

In terms of geography, North America generated the largest revenue in the consumer identity and access management market in 2019. The US is the major diver of the revenue of consumer identity and access management market in North America. The higher digitization across industries such as healthcare, banking, financial services, and insurance (BFSI), and government organizations is mainly supporting the domination of North America in the global market.

However, Asia Pacific is anticipated to witness rapid growth in the market owing to growing threats of cyber-attacks the organizations. Moreover, the improving economic conditions and industrialization in Asian countries are expected to escalate the demand for consumer IAM solutions over the forecast period.

Consumer Identity and Access Management (IAM) Market: Segmentation

The report on the global consumer identity and access management (IAM) market covers segments such as solution, service, deployment mode, and end-user. On the basis of solution, the sub-markets include advanced authentication, data governance, identity proofing services, directory services, and others. On the basis of service, the sub-markets include professional services and managed services. On the basis of the deployment model, the sub-markets include on-premises and cloud. On the basis of end-user, the sub-markets include bfsi, retail and e-commerce, healthcare, IT, and others.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the consumer identity and access management (IAM).

=> Complete coverage of all the product types and applications segments to analyze the trends, developments, and forecast of market size up to 2026.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.