Consumer IAM Market by Solution, Service, Authentication Type, Deployment Mode, Vertical, and Region – Global Forecast to 2022 – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Consumer
IAM Market by Solution (Directory, Identity Proofing, Identity
Authentication, Identity Analytics, Identity Administration, and
Authorization), Service, Authentication Type, Deployment Mode, Vertical,
and Region – Global Forecast to 2022″ report to their offering.

The consumer Identity and Access Management (IAM) market is expected to
grow from USD 14.30 billion in 2017 to USD 31.75 billion by 2022, at a
Compound Annual Growth Rate (CAGR) of 17.3%.

The consumer IAM market is driven by factors such as growing concern to
manage consumer identity and need for compliance and regulations for
identity management. Aggregating consumer data distributed across
multiple locations within a business is one of the biggest challenges in
the market.

The identity authentication solution is expected to contribute the
largest market share in the consumer IAM market, during the forecast
period. As identity fraud and theft is one of the biggest cybercrimes in
today’s world, identity authentication for consumers is of the utmost
importance, to verify and validate identities, for a secure and seamless
consumer experience.

Password authentication is a traditional and the most widely used
authentication type in the consumer IAM market; hence, it is expected to
contribute the largest market share in the consumer IAM market in 2017.
However, consumers are now looking forward towards advanced
authentication methods such as biometrics including facial biometrics
and voice recognition, as they offer more secure and robust consumer
identity authentication.

APAC is expected to grow at the highest CAGR during the forecast period,
in the consumer IAM market. This is mainly due to the high security
spending by organizations in major countries such as China, Australia,
India, Singapore, and Japan, for consumer identity proofing,
authentication and authorization. Furthermore, North America is expected
to have the largest market size in 2017, as the region is an early
adopter of these security technologies.

Market Dynamics

Drivers

• Growing Concerns Related to Management of Consumer Identities
• Rise in Business Digitalization Trends Creating the Need for
  Centralization of Identities
• Rise in Adoption of Iot and Smart Devices
• Increased Need to Manage Stringent Regulatory Compliance

Restraints

• Lack of Identity Standards Across Organizations

Opportunities

• Rise in Biometric Authentication for Consumer Identity Management
• Adoption of Cloud-Based Consumer IAM Solutions for Improved
  Scalability and Security

Challenges

• Aggregating Consumer Data Distributed Across Multiple Locations Within
  A Business
• Limitations in Traditional Enterprise IAM Solutions

Companies Mentioned

• Forgerock
• Gigya, Inc.
• Globalsign
• IBM Corporation
• Iwelcome
• Janrain, Inc.
• Loginradius, Inc.
• Microsoft Corporation
• Okta, Inc.
• Ping Identity Corporation
• Trusona

For more information about this report visit http://www.researchandmarkets.com/research/w7jmm8/consumer_iam

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