Global Consumer IAM Market
Report Highlights
The Global Consumer IAM Market was valued at USD 12.46 billion in 2016 and is projected to reach USD 53.4 billion by 2025, growing at a CAGR of 17.56% from 2017 to 2025.
Identity Access Management (IAM) enables the right individuals to access the right resources at the right times and for the right reasons. Consumer identity access management system provides the ability to register consumer, authenticate consumer, manage identities, connect consumer to internal and third-party applications, and scale across multiple consumer bases, business units and partner offerings.
Market Dynamics:
1. Market Drivers
1.1 Increasing need of biometric authentication for customer identity management
1.2 Adoption of cloud-based consumer IAM solutions
1.3 Rising concerns for management of consumer identities
1.4 Increasing usage of IoT and smart devices
1.5 Compliance and regulations management
2. Market Restraints
2.1 Poor identity standards across organizations
2.2 Issues with traditional enterprise IAM solutions
2.3 Combining consumer data distributed across multiple locations
Market Segmentation:
The Global Consumer IAM Market is segmented on the authentication type, component, deployment model, application, and region.
1. By Authentication Type:
1.1 Biometrics
1.2 Passwords
1.3 Knowledge-based answers
1.4 Security certificates
1.5 Tokens
1.6 PIN
2. By Component:
2.1 Solution
2.1.1 Identity authentication
2.1.2 Identity proofing/verification
2.1.3 Directory services
2.1.4 Identity administration and authorization
2.1.5 Identity analytics
2.2 Service
2.2.1 Managed Service
2.2.2 Professional Service
2.2.2.1 Training and education
2.2.2.2 Consulting services
2.2.2.3 Support and maintenance
3. By Deployment Model:
3.1 Cloud-based
3.2 On-premise
4. By Application:
4.1 Government
4.2 Telecommunications
4.3 Banking, Financial Services, and Insurance (BFSI)
4.4 Retail and Consumer Goods
4.5 Healthcare
4.6 Travel and Hospitality
4.7 Others
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Microsoft Corporation
2. Trusona
3. Ping Identity Corporation
4. Gigya, Inc.
5. IBM Corporation
6. Globalsign
7. Janrain, Inc.
8. Iwelcome
9. Loginradius, Inc.
10. Forgerock
11. Okta, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Consumer IAM Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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