Consumer Identity And Access Management Global Market To Reach Value Of About $45.5 Billion In 2025

1 Sep, 2021

The consumer identity and access management market consists of sales of consumer identity and access management solutions and services by entities (organizations, sole traders, and partnerships) that enable users to offer quick, easy, unified, and secure access across digital channels. Customer identity and access management (CIAM) allow businesses to collect and maintain customer identity to better understand the customer, tailor the products, services, and individual customer engagements. It also enables organizations to securely capture & manage profile data and control customer access to services and applications.

Global Consumer Identity And Access Management Market Size And Drivers:

The global consumer identity and access management (CIAM) market is expected to grow from $19.41 billion in 2020 to $23.00 billion in 2021 at a compound annual growth rate (CAGR) of 18.5%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The CIAM market is expected to reach $45.56 billion in 2025 at a CAGR of 18.6%. The increasing usage of internet of things (IoT) devices is expected to propel the growth of consumer identity and access management market in the forecast period.

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Trends In The Global Consumer Identity And Access Management Market

Growing technological advancements are shaping the consumer identity and access management market. Key players in the market are focusing on new technological innovations such as cloud-based services to gain a competitive advantage over competitors in the industry. For example, in February 2020, Amazon Web Service’s AWS Identity and Access Management introduced new control access based on cloud technology for requests on behalf of the users. Using this control, customers can now grant access to their IAM principals to launch the Amazon Elastic Compute Cloud (EC2) through AWS CloudFormation.

Global Consumer Identity And Access Management Market Segments:
The global consumer identity and access management market is further segmented based on component, deployment mode, organization size, vertical and geography.
By Component: Solutions, Services
By Deployment Mode: Cloud, On-Premises
By Organization Size: Large Enterprises, SMEs
By Vertical: Banking, Financial Services, And Insurance (BFSI), Healthcare, IT And Telecom, Consumer Goods And Retail, Energy And Utility, Public Sector, Others
By Geography: The global consumer identity and access management market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the consumer identity and access management (CIAM) market in 2020.

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Consumer Identity And Access Management Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides consumer identity and access management market overviews, analyzes and forecasts market size and growth for the global consumer identity and access management market, consumer identity and access management market share, consumer identity and access management market players, consumer identity and access management market segments and geographies, consumer identity and access management market’s leading competitors’ revenues, profiles and market shares. The consumer identity and access management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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