Consumer IAM Market
Consumer IAM Market Size, Share & Trends Analysis Report by Component (Solutions, and Services), by Deployment (Cloud-Based, and On-Premises), and by Industry Vertical (BFSI, Healthcare, IT & Telecom, Energy & Utilities, and Other) Forecast Period (2024-2031)
Consumer identity and access management market is anticipated to grow at a significant CAGR of 18.6% during the forecast period (2024-2031). The growing awareness regarding an organization's security, privacy, compliance posture, increasing compliance mandates and regulations, and growing demand from end-user industries are key factors driving the growth of the consumer IAM market. The growing adoption of consumer IAM in different regions is further contributing to the global market. The rapid increase in security breaches and cyber-attacks created the demand for the global consumer IAM market. Lack of awareness about the consumer IAM may restrain the industry's growth.
Market Dynamics
Increase in Security Breaches
According to IT Governance, in 2024, there have been 9,478 publicly disclosed incidents that have breached 35,900 million records. The sector with the most breaches by number of records is "multiple" at 26,126 million and the same sector has the most breaches by number of incidents at 6,857. LAUSD data breach, Equifax data breach, Adobe data breach, CAM4 data breach, Myspace, Twitter data breach, and Uber data breach among others are the key data breaches globally. The high number of data breaches globally creates a huge demand for the consumer IAM market.
High Adoption across End-User Industries
Increasing adoption of consumer IAM technologies across various end-use industries such as BFSI, and IT & Telecom industry, coupled with product expansion and technology expansion in the industry is making a significant contribution to the global market growth. The CyberPeace Institute found 295 known cyberattacks occurred in the healthcare sector between June 2, 2020, and December 3, 2021, with at least 39 different ransomware groups targeting the sector. Migrating to modern identity and access management (IAM) solutions improves the user experience and access to necessary resources while protecting against ransomware and other cyberattacks.
Market Segmentation
- Based on the component, the market is segmented into solutions, and services.
- Based on the deployment, the market is segmented into cloud-based, and on-premise.
- Based on the application, the market is segmented into BFSI, healthcare, IT & telecom, energy & utilities, and other (hospitality).
BFSI held a Considerable Share of the Global Consumer IAM Market
BFSI held the largest share during the forecast period. This is due to the high number of online frauds along with frauds at e-commerce websites and wallets. It is followed by government and law enforcement as government agencies' data and their website are the prime target of hackers. BFSI is further expected to be the fastest-growing market in consumer IAM followed by IT and telecommunications. IT and telecommunication markets are increasing due to significant data loss of people including their personal information.
Regional Outlook
The global consumer IAM market is segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Consumer IAM Market Growth by Region 2024-2031
Asia-Pacific is Anticipated to Exhibit Considerable CAGR
Asia-Pacific market is anticipated to cater to considerable growth over the forecast period. The growing adoption of consumer IAM in different industrial verticals across the region is a key factor contributing to the regional market growth. In April 2023, Tata Consultancy Services (TCS) was selected by Bane NOR, the Norwegian government agency to enable secure access to the latter’s digital systems. As its strategic partner, TCS’ teams based in Norway and across Europe will provide services spanning identity governance and administration (IGA), access management, identity lifecycle management, and application management operations in a managed services model.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global consumer IAM market include Broadcom Inc., HID Global, IBM Corp., Microsoft Corp., SAP, AWS, and Salesforce Inc. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market.
Recent Development
- In April 2024, EveryCloud IT Security announced the advancement of its existing partnership with Transmit Security. This development marks a significant step forward through a joint go-to-market initiative to tackle the prevailing challenges of fraud and friction in online consumer transactions. This collaboration represents a significant stride forward in their shared commitment to enhancing security measures and delivering exceptional solutions to their clients.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global consumer IAM market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Industry Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Broadcom, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. HID Global
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. IBM Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Microsoft Corp.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Amazon Web Services Inc
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Consumer Identity and Access Management Market by Component
4.1.1. Solutions
4.1.2. Services
4.2. Global Consumer Identity and Access Management Market by Deployment
4.2.1. Cloud-Based
4.2.2. On-Premises
4.3. Global Consumer Identity and Access Management Market by Industry Vertical
4.3.1. BFSI
4.3.2. Healthcare
4.3.3. IT & Telecom
4.3.4. Energy & Utilities
4.3.5. Other (Hospitality)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Akamai Technologies, Inc.
6.2. Anomalix Inc.
6.3. Aware Inc.
6.4. CyberArk Software Ltd.
6.5. Google, LLC
6.6. IDCUBE Identification Systems (P) Ltd.
6.7. Lifelock Inc.
6.8. miniOrange Security Software Pvt Ltd.
6.9. Okta Inc.
6.10. Open text Inc.
6.11. Optimal IdM
6.12. Oracle Corp.
6.13. Ping Identity Corp.
6.14. Red Hat, Inc.
6.15. SAASPASS Inc.
6.16. SAP SE (Gigya Inc.)
6.17. Tencent Holdings Ltd.
6.18. Thales S.A
6.19. Traxion Inc.
6.20. WIPRO Ltd.
1. Global Consumer Identity and Access Management Market Research And Analysis By Component, 2023-2031 ($ Million)
2. Global Consumer Identity and Access Management Solutions Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global Consumer Identity and Access Management Services Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Consumer Identity and Access Management Market Research And Analysis By Deployment, 2023-2031 ($ Million)
5. Global Cloud-Based Consumer Identity and Access Management Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global On-Premises Consumer Identity and Access Management Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global Consumer Identity and Access Management Market Research And Analysis By Industry Vertical, 2023-2031 ($ Million)
8. Global Consumer Identity and Access Management In BFSI Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global Consumer Identity and Access Management In Healthcare Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Consumer Identity and Access Management In IT & Telecom Market Research And Analysis By Region, 2023-2031 ($ Million)
11. Global Consumer Identity and Access Management In Energy & Utilities Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global Consumer Identity and Access Management In Other Industry Verticals Market Research And Analysis By Region, 2023-2031 ($ Million)
13. Global Consumer Identity and Access Management Market Research And Analysis By Region, 2023-2031 ($ Million)
14. North American Consumer Identity and Access Management Market Research And Analysis By Country, 2023-2031 ($ Million)
15. North American Consumer Identity and Access Management Market Research And Analysis By Component, 2023-2031 ($ Million)
16. North American Consumer Identity and Access Management Market Research And Analysis By Deployment, 2023-2031 ($ Million)
17. North American Consumer Identity and Access Management Market Research And Analysis By Industry Vertical, 2023-2031 ($ Million)
18. European Consumer Identity and Access Management Market Research And Analysis By Country, 2023-2031 ($ Million)
19. European Consumer Identity and Access Management Market Research And Analysis By Component, 2023-2031 ($ Million)
20. European Consumer Identity and Access Management Market Research And Analysis By Deployment, 2023-2031 ($ Million)
21. European Consumer Identity and Access Management Market Research And Analysis By Industry Vertical, 2023-2031 ($ Million)
22. Asia-Pacific Consumer Identity and Access Management Market Research And Analysis By Country, 2023-2031 ($ Million)
23. Asia-Pacific Consumer Identity and Access Management Market Research And Analysis By Component, 2023-2031 ($ Million)
24. Asia-Pacific Consumer Identity and Access Management Market Research And Analysis By Deployment, 2023-2031 ($ Million)
25. Asia-Pacific Consumer Identity and Access Management Market Research And Analysis By Industry Vertical, 2023-2031 ($ Million)
26. Rest Of The World Consumer Identity and Access Management Market Research And Analysis By Region, 2023-2031 ($ Million)
27. Rest Of The World Consumer Identity and Access Management Market Research And Analysis By Component, 2023-2031 ($ Million)
28. Rest Of The World Consumer Identity and Access Management Market Research And Analysis By Deployment, 2023-2031 ($ Million)
29. Rest Of The World Consumer Identity and Access Management Market Research And Analysis By Industry Vertical, 2023-2031 ($ Million)
1. Global Consumer Identity and Access Management Market Share By Component, 2023 Vs 2031 (%)
2. Global Consumer Identity and Access Management Solutions Market Share By Region, 2023 Vs 2031 (%)
3. Global Consumer Identity and Access Management Services Market Share By Region, 2023 Vs 2031 (%)
4. Global Consumer Identity and Access Management Market Share By Deployment, 2023 Vs 2031 (%)
5. Global Cloud-Based Consumer Identity and Access Management Market Share By Region, 2023 Vs 2031 (%)
6. Global On-Premises Consumer Identity and Access Management Market Share By Region, 2023 Vs 2031 (%)
7. Global Consumer Identity and Access Management Market Share By Industry Vertical, 2023 Vs 2031 (%)
8. Global Consumer Identity and Access Management In BFSI Market Share By Region, 2023 Vs 2031 (%)
9. Global Consumer Identity and Access Management In Healthcare Market Share By Region, 2023 Vs 2031 (%)
10. Global Consumer Identity and Access Management In IT & Telecom Market Share By Region, 2023 Vs 2031 (%)
11. Global Consumer Identity and Access Management In Energy & Utilities Market Share By Region, 2023 Vs 2031 (%)
12. Global Consumer Identity and Access Management In Other Industry Verticals Market Share By Region, 2023 Vs 2031 (%)
13. Global Consumer Identity and Access Management Market Share By Region, 2023 Vs 2031 (%)
14. US Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
15. Canada Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
16. UK Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
17. France Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
18. Germany Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
19. Italy Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
20. Spain Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
21. Rest Of Europe Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
22. India Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
23. China Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
24. Japan Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
25. South Korea Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
26. Rest Of Asia-Pacific Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
27. Rest Of The World Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
28. Latin America Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
29. Middle East And Africa Consumer Identity and Access Management Market Size, 2023-2031 ($ Million)
