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Consumer Identity Access Management Market Segmented by CIAM Software Solutions, CIAM Services Components on On-premise, Software-as-a-Service Deployment
The consumer identity and access management market revenue in 2022 was US$ 8,771.3 Mn, and is estimated to reach market value of US$ 10,078.2 Mn in 2023. The consumer identity and access management market is projected to reach US$ 46,546.1 Mn by 2033, at a CAGR of 16.5% for 2023-2033.
Consumer identity and access management (IAM) systems are used to provide authentication services and manage consumer identities. These solutions store detailed customer data and allow businesses to provide a more secure, unified and improved consumer experience. Furthermore, they are widely used for securing the customer registration process, maintaining customer profile databases, and authentication when customers and others access a company's services.
Growing demand for consumer identity and access management systems due to the rising security constraints coupled with the growing digitization across the world, rising adoption of digital culture among the businesses and so on.
Such factors present numerous opportunities for the advancement and adoption of consumer identity and access management systems in the coming future.
In terms of the regional market landscape, the market in North America held a leading market share of 28.5% in the global landscape in 2022 and is expected to retain its leading position throughout the forecast period. Meanwhile, demand for consumer identity and access management in the Europe region held 23.3% of the market in 2022.
| Attributes | Key Insights |
|---|---|
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Consumer Identity and Access Management Market Size (2023) |
US$ 10,078.2 Mn |
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Projected Market Value (2033) |
US$ 46,546.1 Mn |
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Global Market Growth Rate (2023-2033) |
16.5% |
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CIAM Software Solutions Segment Market Share (2022) |
53.3% |
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U.S. Market Share (2022) |
18.2% |
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On-Premise Market Share (2022) |
54.4% |
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“Adoption Across Various Industrial Sectors Benefiting the Consumer Identity and Access Management Market”
Rising adoption of consumer identity and access management solutions across varied industry verticals as is driving the growth of this market, major market players like Microsoft Corporation, Salesforce Inc., Broadcom Inc., etc. that provide security and consumer identity management solutions.
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Get a Customized Version“Development in Technology and Rising Awareness Allowing the Indian Consumer Identity and Access Management Market to Grow in India”
This market growth can be attributed to the factors such as the increasing technological advancements along with the increased spending in the research & development in the field of AI, machine learning and cloud computing. Additionally, growing awareness among the consumer’s high adoption of 5G services are all the significant features contributing to the wide adoption of consumer identity and access management solutions.
Due to these reasons, the market in India is estimated to grow at a CAGR of 17.1% for the forecast period.
“Presence of Large Consumer Industries Allow China to Be a Fast Growing Market”
Chinese region is growing with the CAGR of 13.4% in the global consumer identity and access management market, owing to the presence of large consumer industries along with the increased use of database management solutions in various domains like healthcare, marketing & sales and so on.
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“Large Industrialization Creates Demand for Consume Identity and Access Management in Germany”
Germany is one of the most technologically, economically developed country in Europe, allowing industrialization in various sectors such as manufacturing and BFSI to be well developed in this country, several German organisations have a multi-national presence, growing the demand for consumer identity and access management solutions and services for such enterprises, due to these reasons ,the consumer identity and access management market was estimated to have 10.1% of the global market share in 2022.
Furthermore, the development of lightweight electrical energy storage systems and emerging new markets will influence the market's growth rate and further boost the consumer identity and access management market. These factors of consumer identity and access management market in Germany held the market share of 11.4% in 2022.
Why CIAM Software Solution has the Largest Market Share?
This market growth is attributed to the factors such as growing emphasis on providing seamless, omni-channel experiences to customers, as well as increased demand for mobile support and personalised consumer identity solutions and so on. For these reasons CIAM Software Solutions segment is analysed to dominate the fingerprint biometric market with the share of 53.3% in the year 2022.
Why do Cloud Deployment of Consumer Identity and Access Management is Growing at the Fastest Rate?
Enterprises are implementing cloud solutions at a rapid rate as these solutions are economically feasible for the enterprises and allow them to implement solutions and infrastructure in a much more efficient manner compared to the on-premise deployment. Due to this reason, the cloud deployment is estimated to grow at the fastest rate.
Why CIAM for Finance & Insurance is Estimated to Hold the Largest Market Share?
Finance & insurance industry for consumer identity and access management market is analysed to have the largest market share of 18.1% in 2022, owing to the factors such as rising data security threats due to increasing adoption of online payment systems & e-banking solutions. Furthermore, increasing cyber security challenges & continuously increasing consumer data is providing a lucrative environment for the adoption of consumer identity and access management systems for the finance & insurance industry.
Rising trend towards e-commerce, increasing risks of cyber theft, fraud, identity theft along with the growing preference for personalized consumer experiences, increased adoption of IoT and big data analytics are the major factors accelerating the growth of the consumer Identity and access management market.
Recent developments related to key players providing consumer identity and access management market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
| Attribute | Details |
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2018-2022 |
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Market Analysis |
US$ Mn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
By Component:
By Deployment
By Vertical
By Region:
In 2022, demand for consumer identity and access management accounts for a valuation of US$ 8,771.3 Mn.
The global consumer identity and access management market is estimated to advance at a phenomenal 16.5% CAGR through 2033.
The market for consumer identity and access management is forecasted to climb to US$ 46,546.1 Mn by 2033 end.
Demand for consumer identity and access management market in India is projected to rise at an astronomical CAGR of 17.1% over the next ten years.
In 2022, the North America consumer identity and access management market held the largest market share of 28.5%.
