Consumer IAM Market worth 31.75 Billion USD – Global Forecast To 2022

 

Summary of The Report:

The report Consumer IAM Market by Solution (Directory, Identity Proofing, Identity Authentication, Identity Analytics, Identity Administration, and Authorization), Service, Authentication Type, Deployment Mode, Vertical, and Region – Global Forecast to 2022″, The consumer Identity and Access Management (IAM) market is expected to grow from USD 14.30 Billion in 2017 to USD 31.75 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 17.3%.

Objective of The Study:

  • The objective of the report is to define, describe, and forecast the global consumer IAM market on the basis of solutions, services, authentication types, deployment modes, verticals, and regions.
  • The report analyzes each subsegment with respect to individual growth trends, future prospects, and contribution to the total market. Furthermore, the report profiles the key players of the market and comprehensively analyzes their core competencies in the market.
  • The report also provides detailed information regarding the major factors influencing the growth of the consumer IAM market such as drivers, restraints, opportunities, and challenges.

 

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Research Methodology:

The research methodology used to estimate and forecast the consumer IAM market begins with capturing data on key security technology vendors through secondary sources such as The Open Group Identity Management Forum, Identity Management Journal, Information Systems Security Association (ISSA), Information Systems Audit and Control Association (ISACA), the SANS Institute, National Cyber Security Alliance (NCSA), and other national agencies and associations for security technologies as well as other sources, such as company financials, journals, press releases, and annual reports. The vendor product and service offerings are also taken into consideration to determine the market segmentation.

The bottom-up procedure was employed to arrive at the overall market size from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, executives, and security technologists. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments.

  • Identity analytics solution is expected to grow at the highest rate in the consumer IAM market

The identity analytics solution is expected to grow at the highest CAGR in the consumer IAM market, during the forecast period. Organizations are widely adopting identity analytics solutions to combat identity thefts and other advanced cyber threats, as these solutions provide automated critical identity-based authentication controls. Furthermore, the identity authentication solution is expected to have the largest market share in the consumer IAM market, during the forecast period.

  • Biometrics authentication type segment is expected to gain high traction in the consumer IAM market

The biometrics authentication type segment is estimated to grow at the highest CAGR from 2017 to 2022, due to high adoption of biometrics technology in Banking, Financial Services, and Insurance (BFSI), healthcare, and government sectors for advanced consumer identity authentication. The password authentication type segment is estimated to contribute the largest market size to the consumer IAM market, as it is the traditional and most widely used consumer authentication method.

  • Telecommunications vertical to grow at the highest rate in the consumer IAM market

The telecommunications vertical is expected to grow at the highest CAGR in the consumer IAM market, during the forecast period, as high customer volumes require seamless and secure identity management solutions. The BFSI vertical is expected to dominate the consumer IAM market, contributing the largest market share, during the forecast period, due to high requirement of consumer identity proofing and authentication for banking transactions and financial services.

  • North America is expected to contribute the largest market share, whereas APAC is expected to grow at the highest rate

North America is expected to have the largest market share and dominate the consumer IAM market from 2017 to 2022, due to the presence of a large number of IAM vendors across this region offering highly innovative identity proofing, identity analytics, and identity authentication solutions. On the other hand, APAC offers potential growth opportunities in the consumer IAM market, due to increasing spending for securing consumer’s identity to prevent identity theft, in the emerging economies of the region, such as China, Australia, Singapore, and India.

The major vendors in the consumer IAM market include IBM Corporation (U.S.), Microsoft Corporation (U.S.), Gigya, Inc. (U.S.), Ping Identity Corporation (U.S.), Okta, Inc. (U.S.), ForgeRock (U.S.), Janrain, Inc. (U.S.), LoginRadius, Inc. (Canada), iWelcome (Netherlands), GlobalSign (U.S.), and Trusona (U.S.), Mitek Systems (California, U.S.), and Aware, Inc. (Massachusetts, U.S.).

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