Consumer IAM Market Size, Trends & Analysis – Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Consumer IAM
Market Consumer IAM Market Insights The consumer
identity and access management (IAM) market is
estimated to grow at a CAGR of 16.2 during the
forecast period. Frequent cases of cyber-attacks
and data breaches over the world are giving rise
to a need for secure and efficient business
solutions. Consumer identity and access
management secures sensitive data from consumers
and protects them from cyber-attacks and online
threats. The product finds applications in almost
all major industries including healthcare,
education, government, telecommunication, retail,
e-commerce, and hospitality among others. The
exponential rise in the adoption of smart
devices, digitization of businesses, rising need
to prevent cyber frauds is some of the factors
expected to drive growth in the consumer IAM
market. Subsequently, encouragement and
investment by the government in the field to
optimize operations is expected to generate
market opportunities in the consumer IAM market.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Consumer IAM Market Solution
Insights Based on a solution, the consumer IAM
market can be segmented into Directory Services,
Identity Proofing/Verification, Identity
Authentication, Identity Analytics, Identity
Administration and Authorization. Consumer IAM
enables optimization of business operations,
provides high levels of security and allows
organizations to function without any operational
hassles. The Identity Proofing/Verification
segment is estimated to hold the largest market
share owing to rising adoption of consumer
identity services by various businesses.
Accordingly, the Identity authentication and
Analytics segment is also expected to demonstrate
steady growth. The identity analytics segment is
likely to grow at the fastest CAGR during the
forecast period. Consumer IAM Market Service
Insights The Consumer IAM market based on service
is classified as Managed Services, Professional
Services. The professional services segment
includes Implementation, Training Support and
Consulting services. The professional services
segment is estimated to hold the larger market
share in terms of revenue during the forecast
period. This can be attributed to growing demand
for consumer IAM services, and the larger number
of organizations deploying consumer
authentication and identity proofing
solutions. Consumer IAM Market Authentication
Type Insights Based on Authentication Type, the
Consumer IAM market is segmented into Passwords,
Knowledge- Based Answers, Tokens, Biometrics,
Pin, and Security Certificates. The password
based authentication segment being widely used
conventionally is expected to hold the major
portion of the market share during the forecast
period. Password-based authentication is the
easiest and widely accepted authentication
method. Subsequently, the biometrics-based
authentication segment is expected to
demonstrate the fastest growth in the coming
years. Consumers are shifting to more advanced
technology for better security and ease of
application. Biometric authentication is being
adopted at a fast rate across all industrial
verticals.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Consumer IAM Market Deployment Type
Insights The Consumer IAM market based on
deployment type is classified into On-Premises
and Cloud. On- premise solutions are a
traditional method of deployment of consumer IAM
solutions. Cloud-based solutions have become
popular due to the easy availability of internet
services, rapid technological advancements are
benefits provided by cloud-based solutions. The
Cloud-based solutions market segment is thus
expected to grow at the fastest rate during the
forecast period. Consumer IAM Market Vertical
Insights Based on vertical, the Consumer IAM
market can be classified into Banking, Financial
Services, and Insurance, Government, Healthcare,
Education, Retail Consumer Goods,
Telecommunication, Media Entertainment, and
Travel Hospitality. The telecommunications
segment is estimated to grow at the fastest CAGR
during the forecast period. The
telecommunications industry demand for fast and
secure identification processed, which in turn is
driving the Consumer IAM market growth in the
segment. The BFSI sector is expected to hold the
highest market share in terms of revenue.
Investments in BSFI infrastructure for better
consumer experience, encouragement by the
Government to adopt new technology for efficient
and secure transactions are factors fueling
market growth in the segment. Additionally,
banks are taking further efforts to incorporate
more secure methods for payments to attract
consumers, in accordance with the heavy
digitization of transactions. Consumer IAM
Market Regional Insights North America is
expected to lead the Consumer IAM market during
the forecast period in terms of revenue. This is
primarily because of stringent regulations with
respect to identity and consumer protections in
the U.S. Businesses in the U.S. have to comply
with these regulations to protect their
businesses and customers as well. Europe is
expected to hold the second largest market share
in the consumer IAM market. Asia-Pacific region
is estimated to grow at the highest CAGR. This
growth can be attributed to the high volume of
the digitally skilled population in the region,
which is more compliant and comfortable with
using digital payments and identification
platforms. More online transactions are expected
to generate more demand for secure payment and
consumer IAM platforms. Emerging
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS economies such as India, South Korea,
and China are expected to contribute heavily to
growth in the Consumer IAM market.
Consumer IAM Market End-Use Landscape The
end-use landscape entails a list of current and
prospective consumers prevailing across the
regions. This section provides company addresses,
contact details, products, and regional presence
of companies who are purchasing or are likely to
purchase Consumer IAM over the coming years.
Some leading consumers of this market are Bank of
America, Vodafone, Apollo Hospitals among
others. Consumer IAM Market Vendor
Landscape The report contains a chapter dedicated
to vendors operating in the market, covering raw
material manufactures, equipment developers,
manufacturers, and distributors. The report
provides these insights on a regional level.
This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of companies.
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• Consumer IAM Market Share Competitor Analysis
• Major companies operating in the Consumer IAM
  market are Microsoft Corporation, Gigya Inc,
  ForegeRock Inc, IBM Corporation, Janrain Inc,
  LoginRadius Inc, GlobalSign, Okta Inc, Ping
  Identity Corporation, Trusona, Amare Inc, and
  Mitek Systems among others.
• In January 2018, Trusona and ForgeRock partnered
  to boost their identity management services. The
  collaboration is aimed to eliminate passwords to
  provide consumers with more secure
  authentication services.
• In October 2017, Gigya Inc launched the Gigya
  Enterprise Preference Manager. The platform is
  designed to facilitate organizations in building
  customer relations and deal with emerging privacy
  regulations.
• In February 2016, GlobalSign and MePIN partnered
  to deploy advanced mobile authentication
  services for mobile operators and financial
  institutions.
• The report segments the Consumer IAM Market on
  the basis of
• By Solution
• Directory Services
• Identity Proofing/Verification
• Identity Authentication
• Identity Analytics
• Identity Administration and Authorization
• By Service

By Authentication Type
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• Passwords
• Knowledge-Based Answers
• Tokens
• Biometrics
• Pin
• Security Certificates
• By Deployment Type
• On-Premises and Cloud
• By Vertical
• Banking
• Financial Services and Insurance
• Government
• Healthcare
• Education
• Retail Consumer Goods
• Telecommunication, Media Entertainment

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
This article contains text from the Consumer IAM
Market Size, Trends Analysis Forecasts
To 2025 report prepared by Global Market
Estimates. For more information or to buy the
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