The Consumer Identity and Access Management (IAM) market is expected to grow from USD 17.2 billion in 2018 to USD 41.1 billion by 2026, at a CAGR of 13.3% during the forecast period. Increasing growth in e-commerce, increasing risks of cyber theft, fraud, identity theft, need for utmost consumer satisfaction and experience, stringent regulations management, increasing demand for cloud based solutions, high growth of mobile Consumer Identity and Access Management (IAM) solutions, growth of consumer IAM as marketing tool, increase in adoption of IoT & big data and increase of BYOD and EFSS services are some of the driving factors of the market.

Lack of Consumer Identity and Access Management (IAM) budgetary standards and constraints and shortage of cyber security experts may be the major restraining factors for the Consumer Identity and Access Management (IAM) market.

Players will require increased investments to tackle these restraints and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Consumer Identity and Access Management (IAM) market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.

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Further key findings from the report suggest

The Consumer Identity and Access Management (IAM) market is expected to grow from USD 17.2 billion in 2018 to USD 41.1 billion by 2026, at a CAGR of 13.3% during the forecast period.

The major contributing factors for the growth of the market for Consumer Identity and Access Management (IAM) can be the growth in e-commerce, increasing risks of cyber theft, fraud, identity theft, need for utmost consumer satisfaction and experience, stringent regulations management, increasing demand for cloud based solutions, high growth of mobile Consumer Identity and Access Management (IAM) solutions, growth of consumer IAM as marketing tool, increase in adoption of IoT & big data and increase of BYOD and EFSS services.

The Consumer Identity and Access Management (IAM) market is segmented by deployment type into cloud and on-premises. The cloud deployment type is expected to witness highest growth, at a CAGR of 14.1% during the forecast period, due to its high demand by organizations, since it provides many benefits like affordable, scalability, reliability, flexibility, and faster deployment.

The Consumer Identity and Access Management (IAM) market is segmented by authentication type into passwords, knowledge-based answers, tokens, biometrics, PIN and security certificates. The passwords authentication type is expected to dominate the segment, with a market share of approximately USD 5.4 Billion in the forecasted year, due to its high usage by organizations and end users. Passwords are majorly used for authentication in various industries for the users to access their personal accounts.

The Consumer Identity and Access Management (IAM) market is segmented by component into solutions and services. Identity analytics services is expected to grow with the highest CAGR of around 13.4% during the forecast period, since its services help organizations tackle cyber threats like identity theft

Competitive Landscape:

The report examines the strategic alliances established by the market's major players for new product growth and brand promotion. Mergers and acquisitions, collaborations, joint ventures, agreements and transactions, and product releases, among other alliances, are all evaluated in the study. The report delves into the business strategies used by major manufacturers to gain significant market share and appeal to a broader audience. It sheds light on the companies that make up a large portion of the global Consumer Identity and Access Management (IAM) industry in terms of sales.

Mitek Systems Inc., Salesforce (US), Microsoft (US), Okta (US), SAP (Germany), CA Technologies (US), Ping Identity (US), ForgeRock (US), Janrain (US), LoginRadius (Canada), GlobalSign (UK), Trusona (US), iWelcome (Netherlands), SecureAuth (US), WidasConcepts (Germany), Acuant (US), EmpowerID (US), Onegini (Netherlands), Pirean (UK), Auth0 (US), Avatier (US), ManageEngine (US), Ergon (Switzerland), Simeio Solutions (US), Ubisecure (Finland), TransUnion, Ping Identity Corporation, Gigya, Inc., Okta, Inc., Experian PLC, Centrify Corporation, Janrain, Inc., IBM (US), LexisNexis Risk Solutions Inc., Traxion Inc., MorphoTrust USA, GB Group Plc, ID Analytics LLP, Aware Inc. and Equifax Inc and others are among the companies profiled in the report. The report provides a detailed overview of the top companies, as well as their product range, production and manufacturing capabilities, sales figures, revenue contribution, and other information to give readers a competitive advantage.

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Market Dynamics:

The report discusses the major drivers, restraints, opportunities, and threats that are expected to emerge during the forecast period. Over the forecast period, the study addresses the risks, weaknesses, and entry level barriers that existing and inexperienced players are likely to face. The aim of the report is to provide strategic advice to both existing companies and new entrants in order to help them gain a strong foothold in the market. The report delves into the current and emerging trends, as well as the main factors that are expected to affect market growth over the next few years.

Market Segmentation:

The report examines the Consumer Identity and Access Management (IAM) market segmentation based on product types, applications, technology, end-users, and key regions in detail. It goes over the product form and application segment that are expected to dominate market revenue share during the forecast period in great detail.

Deployment type Outlook (Revenue, USD Million; 2018–2026)

Cloud

On-Premises

Authentication type Outlook (Revenue, USD Million; 2018–2026)

Passwords

Knowledge-based answers

Tokens

Biometrics

PIN

Security certificates

Component Outlook (Revenue, USD Million; 2018–2026)

Services

Solutions

Organization size (Revenue, USD Million; 2018–2026)

Large Enterprises

Small and Medium-Sized Enterprises

Industry vertical Outlook (Revenue, USD; 2018-2026)

Banking, Financial Services, and Insurance (BFSI)

Public sector

Retail and consumer goods

Telecommunication

Media and entertainment

Travel and hospitality

Healthcare

Education

Others (energy and utilities, manufacturing, and transportation and logistics)

Regional Outlook:

The Consumer Identity and Access Management (IAM) market has been segmented into key global regions, with data on growth rates, market share, existing and emerging trends, output and consumption ratios, industrial chain analysis, demand and supply, import and export, revenue contribution, and the presence of key players in each region. The report includes a country-by-country overview of the market to help readers better understand the geographic distribution and success of the Consumer Identity and Access Management (IAM) market.

The global Consumer Identity and Access Management (IAM) market is segmented into:

• North America (U.S.A., Canada, Mexico)
• The European Union (Italy, U.K., Germany, France, Rest of Europe)
• Asia and the Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The continent of Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Africa and the Middle East (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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