Consumer Identity and Access Management (IAM) Market Share, Upcoming Trends, Size, Key Segments, Growth Status and Forecast 2022 – 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Consumer Identity and Access Management (IAM) Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Consumer Identity and Access Management (IAM) Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Consumer Identity and Access Management (IAM) Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Consumer Identity and Access Management (IAM) Market to reach USD 56.28 billion by 2025.Global Consumer Identity and Access Management (IAM) Market valued approximately USD 11.54 billion in 2016 is forecasted to grow with a healthy growth rate of more than 19.25% over the forecast period 2018-2025. The major factors speculated to augment the markets are growing concerns about managing severe industry regulations & compliances, organizations’ want to deliver consistent, enriched, & frictionless customer experience and growing retail & e-commerce business. Budgetary constraints in deploying Consumer Identity and Access Management (IAM) solutions and lack of identity standards are restraining the growth rate of the market. Consumer Identity and Access Management (IAM) lets organizations to securely capture and manage consumer identity and profile data, and control consumer access to applications and services.

The regional analysis of Global Consumer Identity and Access Management (IAM) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share. Whereas, owing to countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025. According to segmentation, solution segment is speculated to increase with a CAGR around 18.1% and the vertical segment BFSI is expected to dominate and rise with a rate over 18%.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
*Services
*Solutions

By Authentication Type:
*Tokens
*PIN
*Passwords
*Biometrics
*Security certificates
*Knowledge-based answers
*Others

By Vertical:
*Telecom & IT
*Banking, Financial Services, and Insurance (BFSI)
*Retail and consumer goods
*Public sector
*Media and entertainment
*Healthcare
*Travel and hospitality
*Education
*Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

The industry is seeming to be fairly competitive. Some of the leading market players include Onegini, GlobalSign, IBM, Auth0, Microsoft, Trusona, Salesforce, SAP, Pirean, Okta, LoginRadius, CA Technologies, Acuant, Janrain, iWelcome, Ping Identity, SecureAuth, ForgeRock, WidasConcepts, EmpowerID, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.

Target Audience of the Consumer Identity and Access Management (IAM) Market Study:

*Key Consulting Companies & Advisors
*Large, medium-sized, and small enterprises
*Venture capitalists
*Value-Added Resellers (VARs)
*Third-party knowledge providers
*Investment bankers
*Investors

TABLE OF CONTENTS
Chapter 1. Global Consumer Identity and Access Management (IAM) Market Definition & Scope
1.1. Research Objective
1.2. Market Definition
1.3. Scope of The Study
1.4. Years Considered for The Study
1.5. Currency Conversion Rates
1.6. Report Limitation
Chapter 2. Research Methodology
2.1. Research Process
2.1.1. Data Mining
2.1.2. Analysis
2.1.3. Market Estimation
2.1.4. Validation
2.1.5. Publishing
2.2. Research Assumption
Chapter 3. Executive Summary
3.1. Global & Segmental Market Estimates & Forecasts, 2015-2025 (USD Billion)
3.2. Key Trends
Chapter 4. Global Consumer Identity and Access Management (IAM) Market Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion
Chapter 5. Global Consumer Identity and Access Management (IAM) Market by Component
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Consumer Identity and Access Management (IAM) Market, Sub Segment Analysis
5.3.1. Services
5.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
5.3.2. Solutions
5.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
Chapter 6. Global Consumer Identity and Access Management (IAM) Market by Authentication Type
6.1. Market Snapshot
6.2. Market Performance – Potential Model
6.3. Consumer Identity and Access Management (IAM) Market, Sub Segment Analysis
6.3.1. Tokens
6.3.1.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.1.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
6.3.2. PIN
6.3.2.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.2.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)
6.3.3. Passwords
6.3.3.1. Market estimates & forecasts, 2015-2025 (USD Billion)
6.3.3.2. Regional breakdown estimates & forecasts, 2015-2025 (USD Billion)

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