Dublin, Jan. 26, 2021 (GLOBE NEWSWIRE) -- The "Consumer IAM Market by Component (Solutions and services), Solution (Identity Governance, Identity Authentication and Verification), Service, Authentication Type, Deployment Mode, Organization Size, Industry Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global market size is expected to grow from USD 7.5 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period.
Increasing venture capital funding and growing investments in consumer identity and access management technology to drive the overall growth of the consumer identity and access management market.
The increasing venture capital funding and growing investments in consumer identity and access management technology to drive market growth.
By component, services segment to grow at a higher CAGR during the forecast period
The services include the support offered by security vendors to assist their customers in using and maintaining consumer identity and access management efficiently. Vendors offer different services, such as integration and deployment, consulting, and support and maintenance. The services segment has witnessed tremendous growth in recent years. Therefore, services segment registers the highest growth rate during the forecast period.
By solution, Integration and Deployment segment to register the highest growth rate during the forecast period
Identity verification and authorization segment is expected to hold the highest growth rate during the forecast period, as it is used to authorize the uniqueness and validity of an individual's identity to ease the provision of entitlement or service, and to rely upon different factors, such as biometric information, biographic information, identity documents, and knowledge of personally relevant information or events. The heavy deployment of web and mobile applications is creating complexities in consumer authentication. Hence, there is significant adoption of identity authentication solutions across the globe.
Asia Pacific to register the highest growth rate during the forecast period
Asia Pacific (APAC) has witnessed an advanced and dynamic adoption of new technologies and is expected to record the highest CAGR in the global consumer identity and access management market during the forecast period. APAC constitutes major economies, such as China, Japan, Australia, and India, which are expected to register high growth rates in the consumer identity and access management market.
Industries such as financial institutions, public sector, healthcare, retail, education, telecommunication, manufacturing, energy and utilities, transportation and logistics, hospitality, and media and entertainment are expected to adopt consumer identity and access management solutions at the highest rate in the region.
Companies operating in APAC would benefit from the flexible economic conditions, industrialization-motivated policies, political transformation, as well as from the growing digitalization, which is expected to have a significant impact on the business community.
The market study covers the consumer identity and access management market size across segments. It aims at estimating the market size and the growth potential of this market across different segments by component, by solution, by service, by deployment mode, by organization size, by vertical, and by region.
The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Major vendors offering Consumer identity and access management solutions include IBM (US), Microsoft (US), Salesforce (US), SAP (Germany), Broadcom (US), Okta (US), Akamai Technologies (Canada), Ping Identity (US), ForgeRock (US), LoginRadius (US).
Key Topics Covered
1.1 Introduction to COVID-19
1.2 COVID-19 Health Assessment
1.3 COVID-19 Economic Assessment
1.3.1 COVID-19 Economic Impact-Scenario Assessment
1.4 Objectives of the Study
1.5 Market Definition
1.5.1 Inclusions and Exclusions
1.6 Market Scope
1.6.1 Market Segmentation
1.6.2 Years Considered for the Study
1.7 Currency Considered
1.9 Summary of Changes
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Consumer Identity and Access Management Market
4.2 Market, by Component and Region
4.3 Market, by Region
4.4 Market: Investment Scenario
5 Market Overview and Industry Trends
5.2 Market Dynamics
22.214.171.124 Rise in Security Breaches and Cyberattacks
126.96.36.199 Demand to Deliver a Frictionless Customer Experience
188.8.131.52 Identity Theft and Fraud
184.108.40.206 Lack of Identity Standards and Budgetary Constraints in Deploying CIAM Solutions
220.127.116.11 Cultural Shift from Traditional IAM to CIAM
18.104.22.168 Proliferation of Cloud-Based CIAM Solutions and Services
22.214.171.124 Scarcity of Skilled Cybersecurity Professionals Among Enterprises
126.96.36.199 Difficulties in Addressing the Complexity of Advanced Threats
5.3 COVID-19-Driven Market Dynamics
5.3.1 Drivers and Opportunities
5.3.2 Restraints and Challenges
5.3.3 Cumulative Growth Analysis
5.4 Value Chain Analysis
5.5 Ecosystem: Consumer Identity and Access Management
5.6 Average Selling Price/Pricing Model of Consumer Identity and Access Management
5.7 Technology Analysis
5.7.1 Artificial Intelligence
5.8 Regulatory Implications
5.8.1 General Data Protection Regulation (GDPR)
5.8.2 Payment Card Industry-Data Security Standard (PCI-Dss)
5.8.3 Health Insurance Portability and Accountability Act (HIPAA)
5.8.4 Federal Information Security Management Act (FISMA)
5.8.5 Sarbanes-Oxley Act (SOX)
5.9 Use Cases
5.9.1 Use Case: Loginradius Helped Juhll Online Marketing and Banks.Com to Optimize Customer Engagement while Securing Sensitive Data
5.9.2 Use Case: Auth0 Helped in Improving Your App Experience and User Engagement
5.9.3 Use Case: Akamai Helped a Major International Airline by Deploying a CIAM Solution for Expanding Its Flyer Program
6 Consumer Identity and Access Management Market: COVID-19 Impact
6.2 COVID-19 Developments
7 Consumer Identity and Access Management Market Analysis, by Authentication Type
8 Consumer Identity and Access Management Market, by Component
9 Consumer Identity and Access Management Market, by Solution
10 Consumer Identity and Access Management Market Analysis, by Service
11 Consumer Identity and Access Management Market Analysis, by Deployment Mode
12 Consumer Identity and Access Management Market, by Organization Size
13 Consumer Identity and Access Management Market, by Vertical
14 Consumer Identity and Access Management Market Analysis, by Region
15 Competitive Landscape
16 Company Evaluation Matrix and Company Profiles
16.1 Company Evaluation Matrix
16.1.1 Competitive Evaluation Matrix Definitions and Methodology
16.1.3 Pervasive Players
16.1.4 Emerging Leaders
16.2 Company Profiles
16.2.7 Akamai Technologies
16.2.8 Ping Identity
16.2.18 SecureAuth Corporation
16.2.21 Simeio Solutions LLC
16.3 Startup/SME Evaluation Matrix, 2020
16.3.1 Progressive Companies
16.3.2 Responsive Companies
16.3.3 Dynamic Players
16.3.4 Starting Blocks
16.4 Startup/SME Profiles
16.4.5 Strata Identity
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