Consumer Identity and Access Management Market by Solutions (Advanced Authentication, Identity Proofing Services, and Others), Service (Professional Services and Managed Services), Deployment Type (Cloud and On-premises), Industry Vertical (BFSI, Healthca

Consumer Identity and Access Management Market by Solutions (Advanced Authentication, Identity Proofing Services, and Others), Service (Professional Services and Managed Services), Deployment Type (Cloud and On-premises), Industry Vertical (BFSI, Healthcare, IT & Telecom, Consumer Goods & Retail, Energy & Utility, and Public Sector, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Identity and access management (IAM) refers to the management of electronic identities to ensure secured access of products and services that are granted to legitimate users, which include employees, customers, contractors, and others. The players in the consumer IAM market have focused on managing the identities and access rights of customers of an organization for proving access to services and sensitive data across various channels including digital and non-digital platforms. Consumer IAM solutions help in providing a unified and centralized view of a large customer database, secured access of services provided by businesses to customers, protection for high-risk transactions, and improved customer experience for brand building.

The global consumer IAM market has witnessed rapid growth in the recent years, owing to rise in incidents of cyber-attacks and ongoing trend of using IoT across various sectors including public, manufacturing, education, defense, media & entertainment, and others, which drive the market growth. Moreover, the need for centralized security to manage critical data of businesses and implementation of stringent government regulations contribute to the market growth. However, lack of standardization in the implementation of consumer IAM solutions and rise in concerns about cloud-based security can hamper the market growth. Furthermore, upsurge in adoption of mobile devices, increased scalability & performance of consumer IAM security solutions in adverse conditions such as elastic demand, and aggrandized network traffic are expected to create numerous opportunities for market growth in the near future.

The consumer identity and access management market is segmented into solution, service, deployment type, industry vertical, and region. On the basis of solution, it is segmented into advanced authentication, identity proofing services, and others. Depending on the service, it is bifurcated into professional services and managed services. On the basis of deployment type, it is segregated into cloud and on-premises. By industry vertical, it is segmented into BFSI, healthcare, IT & telecom, consumer goods & retail, energy & utility, public sector, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The market players operating in the global consumer identity and access management market include Aware Inc, Centrify Corporation, Equifax Inc., Experian Plc., GB Group, Gigya Inc., Lifelock Inc., Janrain, Inc., Lexisnexis Risk Solutions Inc, Mitek Systems Inc., MorphotrustUsa (Safran), Okta, Inc., Onegini, Ping Identity Corporation, Transunion, and Traxion Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and others, which help to drive the growth of the market.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the consumer identity and access management market along with the current trends and future estimations to elucidate the imminent investment pockets.
Information about key drivers, restraints, opportunities, and their impact analysis on the consumer identity and access management market size is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the consumer identity and access management market.
The quantitative analysis of the consumer identity and access management market from 2020 to 2030 is provided to determine the consumer identity and access management market potential.

MARKET SEGMENTS


By Solution

Advanced Authentication
Identity Proofing Services
Others

By Service

Professional Services
Managed Services

By Deployment Type

Cloud
On Premises

By Industry Vertical

BFSI
Healthcare
IT & Telecom
Consumer Goods & Retail
Energy & Utility
Public Sector
Others

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South-Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

Aware Inc
Centrify Corporation
Equifax Inc.
Experian Plc.
GB Group
Gigya Inc.
Lifelock Inc.
Janrain, Inc.
Lexisnexis Risk Solutions Inc. (Relx Plc)
Mitek Systems Inc.
MorphotrustUsa (Safran)
Okta, Inc.
Onegini
Ping Identity Corporation
Transunion
Traxion Inc.