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Consumer IAM Market

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Consumer IAM Market- Key Players are IBM Corporation, CLoudian, Inc., DataDirect Networks
(DDN), Dell EMC
Consumer identity and access management (IAM) market is estimated to flourish owing to the
frequent occurrence of cyber-attack and breach of cyber security. Due to the digitalization
process, large number of businesses such as banking, financial operations, healthcare and
education adopt digital data backing system. Growing investment in telecommunication sector
along with internet penetration to remote areas drive the market demand for consumer IAM
system in recent years. Demography of Asia Pacific consists of larger proportion of young
population who are more digitally skilled. This group of population use digital transaction to a
large extent in comparison to older population and this drives the growth prospect of consumer
IAM market in recent years. More online transaction leads to more possibility of cybercrime
and this factor in turn will raise the market demand for consumer IAM market during the
forecast period. Moreover, this region consists of large number of emerging economies such as
India, China, South Korea which witnesses high growth rate and triggering growth potential for
telecommunication, healthcare, education sectors and this is a major driving factor for the
market of consumer IAM during the forecast period. Growing trend of digitalization has led to
the adoption of consumer identification system by various business units and this is expected to
foster the growth prospect of consumer IAM market over the forecast period.
There is growing trends of adoption of smart devices and IoT (internet of things) technology.
There is rising trend for smart home, smart buildings and that provide an opportunity for the
consumer IAM market during the forecast period.
Consumer IAM market is segmented into ix sub segment on the basis of solution and the sub
segments are directory, identity proofing, identity authentication, identity administration,
identity analytics, and authorization. Identity analytics solution held the largest market share.
This segment is estimated to hold its dominant position during the forecast period. The
organizations face growing incidents of identity thefts and with the rising occurrence of identity
cyber threats, this segment is estimated to grow at the highest CAGR (compound annual
growth rate) during the forecast period. The organization adopt authenticated system for
identity based analytics system thus fostering the growth prospect for consumer IAM market
over the forecast period. Identity proofing and identity administration also held considerable
market share over the forecast period.
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Based on authentication type, consumer IAM market is segmented into biometric and password
based consumer IAM system. Biometric based authentication type is estimated to grow at
largest CAGR (compound annual growth rate) over the forecast period. This type of biometric
system is applied in banking, financial organizations, healthcare, and government sectors to
ensure consumer authenticated identity. Password related consumer authentication system
held the largest market share in recent years. This segment is the traditional system to ensure
consumer identity and authentication.
On the basis of end use industries, the consumer IAM market is segmented into healthcare,
banking and financial organization, telecommunication, education, government organizations
and others. Telecommunication is expected to grow at highest CAGR (compound annual growth
rate) during the forecast period. This industry require safe and secure data identification
process and this in turn drives the consumer IAM market over the forecast period. Banking and
financial organizations industry held the largest market share as this industry uses large amount
of digital data. Online data transaction is very common in this region and thus this region
accelerates the growth prospect for consumer IAM market during the forecast period.
In terms of region, consumer IAM market is classified into five regions such as North America,
Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America. North America held the
largest market share in consumer IAM market owing to the greater utilization of digital data in
banking, financial and healthcare system. Asia Pacific is estimated to be the fastest growing end
use industry segment in consumer IAM market over the forecast period.
Some of the key players operating in the global consumer IAM market include, Microsoft
Corporation, IBM Corporation, Ping Identity Corporation, Janrain Inc, iWelcome and others.
Author
monali raghu
monali raghu349   documents Email
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