Global consumer identity and access management market in 2015 is estimated at $7,968 million growing at 16.9% CAGR to reach $23,589 million in 2022. Identity and access management (IAM) solutions help organizations in the management of identities of employees, consumers, partners, contractors, and others to ensure secure and seamless services. Consumer IAM industry players help in implementing solutions that authenticate identities of customers across digital and non-digital channels.
Consumer identity and access management solutions adopted by businesses assist in securing sensitive data of customers and protecting them from cyber-threats and other financial frauds. Moreover, increase in incidents of cyber-attacks and ongoing trend of using IoT across various sectors including public, manufacturing, education, defense, media & entertainment, and others are the prominent driving factors of the market. However, lack of standardization and rise in concerns towards cloud-based security is expected to hamper global consumer identity and access management solutions adoption trend. Moreover, growing adoption of mobile devices, increasing scalability & performance of consumer IAM security solutions in adverse conditions such as elastic demand, and aggrandized generation of network traffic are expected to provide lucrative growth opportunities to the market players during the forecast period.
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The global consumer IAM industry is expected to grow at a prominent rate during the forecast period. The global consumer identity and access management industry in 2015 is comprised of advanced authentication which was $3,770 million, identity proofing services which was $2,473 million, and other which was $1,725 million. The banking, financial service, and insurance (BFSI) sector is one of the prominent end users in the market, owing to the trend of heavy investment of financial institutions in the IT infrastructure to secure customer data and provide access to financial products and services. The healthcare sector utilizes consumer IAM security services for securing sensitive data of patients, and providing easy access to services of medical institutes. In addition, the consumer IAM solutions used in energy and utility sector helps to provide access to real-time data, monitor customer usage patterns, and manage demand-supply gap and large volume of customer database.
The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
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It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
CONSUMER IAM MARKET KEY BENEFITS:
The study provides an in-depth analysis of current trends and future estimations of the global consumer identity and access management market to elucidate the imminent investment pockets.
This report provides information on the drivers, restraints, and opportunities along with their impact analysis to offer insights on the potential market opportunities to make informed business decisions.
Quantitative analysis of the current consumer IAM market and estimations for the period 2014-2022 is provided to highlight the financial appetency of the market.
Porter’s five forces analysis of the consumer IAM market illustrates the potency of buyers and suppliers participating in the market.
The market share of consumer IAM industry and key strategies of market players have been comprehensively analyzed in the report.
KEY MARKET PLAYERS
Onegini
TransUnion
Ping Identity Corporation
Gigya, Inc.
Centrify Corporation
Okta, Inc.
Experian PLC
Janrain, Inc.
Mitek Systems Inc.
Traxion Inc.
LexisNexis Risk Solutions Inc.
MorphoTrust USA
GB Group Plc
ID Analytics LLP
Aware Inc.
Equifax Inc.
Other companies operating in the industry
The other companies operating in the industry are OneLogin, Inc., Cisco Systems, Inc., CA Technologies, IBM Corporation, Persistent Systems, Verizon Enterprise Solutions, Avancer Corporation, Simeio Solutions LLC, Simeio Solutions LLC, iC Consult Group, ICAR Vision Systems, Microsoft Corporation, Hewlett-Packard Company, Imprivata, Inc., Dell, Inc., HCL Technologies Limited, Beta Systems Software AG, iWelcome B.V., Robert Bosch GmbH, Larsen & Toubro Limited, CSIdentity Corporation, IDscan Biometrics, Neustar, Inc., C6 Intelligence Group, DecTech Solutions Pty Ltd., Deutsche Post AG, Radiant Logic, IdentityMind Global, IDchecker, H&R Block, Anomalix Inc., and EdgeVerve Systems.
CONSUMER IAM MARKET KEY SEGMENTS:
The consumer IAM market is segmented on the basis of solution, service, deployment type, industry vertical, and geography.
BY SOLUTION
Advanced Authentication
Identity Proofing Services
Others (Password Management, Data Aggregation, and Registration)
BY SERVICE
Professional Services (Implementation, Training & Support, and Consulting)
Managed Services
BY DEPLOYMENT TYPE
Cloud
On-premises
BY INDUSTRY VERTICAL
Banking, Financial Services, and Insurance (BFSI)
Healthcare
IT & Telecom
Consumer Goods & Retail
Energy & Utility
Public Sector
Others (Media and Entertainment, Education, and Manufacturing)
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BY GEOGRAPHY
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Belgium
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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