Consumer Identity and Access Management (IAM) Market by Deployment and Geography - Forecast and Analysis 2022-2026

“The Consumer IAM Market is poised to grow by USD 10.05 billion during 2022-2026, accelerating at a CAGR of 16.67% during the forecast period”

Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. Furthermore, this report extensively covers consumer IAM market segmentation by deployment (on-premise and cloud-based) and geography (North America, Europe, APAC, MEA, and South America). The market report also offers information on several market vendors, including Akamai Technologies Inc., Broadcom Inc., ForgeRock Inc., International Business Machines Corp., LoginRadius Inc., Microsoft Corp., Okta Inc., Ping Identity Holding Corp., Salesforce.com Inc., and SAP SE among others.

What will the Consumer IAM Market Size be During the Forecast Period?

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Parent Market Analysis

Our Technavio Research categorizes the report belonging to the Software and Services Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.

Consumer IAM Market: Key Drivers, Trends, and Challenges

Technavio Research categorizes the global Consumer IAM Market belonging to the Software Industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.

Key Consumer IAM Market Driver

• One of the key factors driving growth in the consumer IAM market is the rapid growth of IoT networks. 
• Owing to the growing demand for IoT, IoT providers are under intense pressure to bring IoT products to the market. Hence, some IoT providers are not investing in back-end systems that are required to support IoT securely. This is leading to the negligence of important data management features, such as access governance, security, and privacy management.
• IAM offers adaptive authentication, end-to-end data encryption, overload detection, and automatic load balancing to IoT devices, thus providing them with robust security capabilities. Another key capability of IoT IAM is aggregating customer profile and preference data captured from different interaction points into a unified profile. Therefore, these factors are expected to propel the growth of the market in focus.

Key Consumer IAM Market Challenge

• The threat from open-source consumer IAM solutions will be a major challenge for the consumer IAM market during the forecast period.
• Open-source consumer IAM solutions can be downloaded and run on all platforms and are becoming increasingly popular in developing economies such as India and China.
• Most small-scale enterprises in these economies cannot afford to invest in expensive on-premise and cloud-based consumer IAM solutions. Using open-source consumer IAM solutions gives enterprises less upfront expense and more flexibility. Thus, enterprises, especially SMEs that are looking for a better plan to grow their business at a low cost, can opt for open-source IAM solutions.

Who are the Major Consumer IAM Market Vendors?

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as

• Akamai Technologies Inc.
• Broadcom Inc.
• ForgeRock Inc.
• International Business Machines Corp.
• LoginRadius Inc.
• Microsoft Corp.
• Okta Inc.
• Ping Identity Holding Corp.
• Salesforce.com Inc.
• SAP SE

Market Overview

The parent global IT software market covers companies engaged in developing and producing application and system software. It also includes companies offering database management software. The global systems software market covers organizations that are engaged in developing application development and management software, cloud computing software, data center and hosting software, IT management software, mobility software, networking software, security software, and storage software. It excludes companies classified in the development and production of home entertainment software. Technavio calculates the global IT software market size based on combined revenue generated by companies engaged in the provision of all types of IT software, including cloud-based software. It also includes the annual revenues generated by the companies through the execution of IT software sales. 

Consumer IAM Market Value Chain Analysis

In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.

Which are the Key Regions for Consumer IAM Market?

33% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for consumer IAM in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

What are the Revenue-generating Deployment Segments in the Consumer IAM Market?

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The consumer IAM market share growth by the on-premise segment will be significant during the forecast period. On-premise consumer IAM requires end-users to have a software license. It is more expensive than the cloud-based consumer IAM as it requires in-house hardware and huge capital investment in software licenses. However, on-premise consumer IAM is considered to be highly secure, as there is no third-party interference. Customization and greater data security offered in the on-premise deployment model are some of the factors driving the growth of the segment. The banking, financial services and insurance (BFSI) sector in APAC is at the forefront in adopting emerging technologies, such as both on-premise consumer IAM and cloud-based consumer IAM deployment models. With more small and mid-size enterprises (SMEs) increasingly turning toward cloud-based consumer IAM solutions, the share of the on-premise consumer IAM segment is expected to decline during the forecast period. 

The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key regional opportunities over the coming years.

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What are the Key Data Covered in this Consumer IAM Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive the growth during the next five years
• Precise estimation of the size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of consumer iam market vendors

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