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Consumer IAM Market: Global Forecast until 2022

  • April 2017
  • 154 pages
  • ID: 4837042
In this report:
North America is expected to account for the largest share of ##.##% of the global consumer IAM market in 2017, and is projected to grow at a CAGR of ##.##% from 2017 to 2022.
The retail and consumer goods vertical market size by region is expected to grow from USD ##,##.## million in 2017 to USD ##,##.## million by 2022, at a CAGR of ##.##% during the forecast period, as there are a lot of consumer identity fraud and thefts happening in the online retail market.

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"The increasing concern for consumer identity management will drive the consumer IAM market"

The consumer Identity and Access Management market is forecasted to grow from ~$14.3B in 2017 to ~$31.8B by 2022, at a CAGR of 17.30 percent. The consumer IAM market is influenced by Elements such as increasing concern to manage consumer identity and need for compliance and regulations for identity management. Aggregating consumer data distributed across multiple locations within a business is one of the biggest challenges in the industry.

"Identity authentication solution is planned to have the biggest part of market share, during the estimate period"

The identity authentication solution is forecasted to contribute the largest portion of market share in the consumer IAM market, during the outlook period. As identity fraud and theft is one of the biggest cybercrimes in today's world, identity authentication for consumers is of the utmost importance, to verify and validate identities, for a secure and seamless consumer experience.

"Password authentication type is projected to contribute the largest part of market share in 2017"

Password authentication is a traditional and the most widely used authentication type in the consumer IAM market; therefrom, it is forecasted to contribute the biggest market share in the consumer IAM market in 2017. Nevertheless, consumers are now looking forward towards advanced authentication methods including biometrics containing facial biometrics and voice recognition, as they offer more secure and robust consumer identity authentication.

"Asia Pacific (APAC) is intended to have the maximum growth rate during the estimate period"

Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period, in the consumer IAM market. This is primarily due to the high security spending by institutions in main countries including China, Australia (AU), India (IN), Singapore (SG), and Japan (JP), for consumer identity proofing, authentication and authorization. Additionally, North America continent is forecasted to have the biggest industry size in 2017, as the territory is an early adopter of these security technologies.

Comprehensive interviews were managed with CEOs, marketing directors, innovative products & technology directors, and executives from numerous main institutions operating in the consumer IAM market.

- By Company Type: Tier 1: 55.0 percent, Tier 2: 20.0 percent, and 1/3 3: 25.0 percent

- By Designation: C-Level: 60.0 percent, Director Level: 25.0 percent, and Others: 15.0 percent

- By area: North america (NA): 10.0 percent, Europe: 20.0 percent, APAC: 40.0 percent, and Rest of the World : 30.0 percent

The market research includes the study of top players offering consumer IAM solutions including IBM (NYSE:IBM), Microsoft (NASDAQ:MSFT), Gigya, Incorporated, Ping Identity Corporation, Okta, Incorporated, ForgeRock, Janrain, Incorporated, LoginRadius, Incorporated, iWelcome, GlobalSign, and Trusona.

Segment Research

The industry report offers a picture on consumer IAM solutions and associated services across several verticals and territories. It aims at evaluating the market value and upcoming growth potential of this market, across distinct segments including solutions, services, authentication types, deployment modes, verticals, and localities. Moreover, the study also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector with data on the best approximations of the revenue data for the global consumer IAM market and the sub-segments. This industry report will facilitate partners distinguish the competitor overview and obtain additional insights to better option their businesses, and to plan suitable go-to-market approaches. The market research also benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives, in the consumer IAM market.

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