Consumer Identity And Access Management Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

 Overview

Consumer Identity and Access Management (IAM) market size was valued at $14.58 billion in 2019, and it is estimated to grow at a CAGR of 13.58% during 2020-2025. The growth is mainly attributed to the increasing adoption of consumer IAM solutions in various industries such as BFSI, Healthcare, Travel and hospitality and other industries push the market growth. Consumer IAM solutions enable enterprises to securely manage and capture consumer profile and identity data. It also helps in controlling the consumer login experience, registration and this set to propel the market growth during forecast period.


Report Coverage
The report: “Consumer IAM Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Consumer IAM Market. 

By Component: Solution (Directory Services, Identity Proofing/Verification, Identity Authentication, Identity Analytics, Behavioral Analytics, Single-Sign On, Access Management, Data Governance); Service (Training and Education Services, Advisory and Implementation Services, Support Services)
By Authentication Type: Passwords, Knowledge-Based Answers, Tokens, Biometrics, Pin, Security Certificates.
By Deployment Mode: Cloud, On-Premises
By Organization Size: Public Sector, Retail & Consumer Goods, Telecommunications, Media & Entertainment, Travel & Hospitality, Healthcare, Education, Others
By Geography: North America (U.S., Canada and Mexico); South America (Brazil, Argentina, Rest of Americas); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea, India, Rest of APAC); RoW (Middle East & Africa)


Key Takeaways
  • North America dominated the Consumer IAM market in term of revenue in 2019 owing to the presence of major number of players.
  • Adoption of advanced technologies such as IoT, automation technologies in industries is poised to propel the market growth.  
  • Increasing adoption of Consumer IAM in healthcare with the evolution of global pandemic disease provide opportunities for the market growth. 
  • Data security is the major challenge that hampers the market growth.


Deployment Mode - Segment Analysis
Cloud Deployment mode held the major market share of 59.26% in 2019. The major market share of cloud deployment is due to the low cost. Adoption of cloud based consumer IAM solutions is increasing with the increase in adoption of these solutions by small and medium based organizations. Cloud deployment provides greater flexibility and offer much less in the means of customization when compared to on-premises. This drives the cloud based deployment of consumer IAM solutions.



Industry Vertical - Segment Analysis
Healthcare is the fastest growing segment in Consumer IAM market and estimated to grow at a CAGR of 14.02% during forecast period 2020-2025. In Healthcare sector, the adoption of consumer IAM solutions has been increasing and they are mainly used for securing sensitive data of patients and providing easy access to the services of medical institutes. In healthcare industry, IAM solutions helps in reducing human error and improve the security by protecting patient information. Additionally, evolution of global pandemic disease is poised to provide opportunities for consumer IAM solutions in this industry.
Location: United States

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