Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on consumer identity and access management (IAM)
market provides in-depth analysis of segments and sub-segments in the global as
well as regional consumer identity and access management (IAM) market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional consumer identity and access management (IAM) market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global consumer identity
and access management (IAM) market. According to the report, 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.
Advancements in the electronic and
IT sectors have brought radical changes across several industry verticals.
Information technology has found several applications across different
industrial sectors including data storage, data management, and data transfer.
One of the popular applications of software and information technology is
identity and access management. The identity and access management (IAM)
software search for the information of individuals stored in the servers and
authenticates their identity. IAM solutions help organizations to authenticate
the identity of employees, consumers, partners, and contractors in order to
offer their services in the most secure and efficient way. Moreover, IAM
solutions help organizations to store the sensitive data of their consumer
securely, protecting them from any kind of data breach or cyber-attack. The
emergence of innovative technologies such as cloud computing and artificial intelligence
is further improving IAM solutions.
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 is 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 to 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.
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 for 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 a 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.
The report on 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 deployment mode, the sub-markets include on-premises, and cloud. On the
basis of end-user, the sub-markets include bfsi, retail and ecommerce,
healthcare, IT, and others.
The report provides profiles of
the companies in the market such as IBM, MICROSOFT, SALESFORCE, SAP, BROADCOM,
OKTA, AKAMAI TECHNOLOGIES, PING IDENTITY, FORGEROCK, and LOGINRADIUS.
The report provides deep insights into the
demand forecasts, market trends, and micro and macro indicators. In addition,
this report provides insights into the factors that are driving and restraining
the growth in this market. Moreover, The IGR-Growth Matrix analysis given in
the report brings an insight into the investment areas that existing or new
market players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of
consumer identity and access management (IAM) market. Moreover, the study
highlights current market trends and provides forecast from 2020-2026. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.