Consumer Identity and Access Management Market

Analysis from GMI Research finds that the Consumer Identity and Access Management Market earned revenues of USD 12.2 billion in 2022 and forecast to touch USD 33.1 billion in 2030 will grow at a CAGR of 13.3% from 2023-2030

Consumer Identity and Access Management Market Overview

Consumer identity and access management enable fast, convenient, unified, and secure access across digital channels. It also allows using consumer identity data to better understand the customer. It also offers various benefits such as robust security, seamless customer experience, performance, scalability, and privacy.

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Major Consumer Identity and Access Management Market Drivers

The factors driving the global consumer identity and access management market include rising cyberattacks which is essential for an organization to protect its assets from cyber threats. The constant emergence of cyberattacks harms an organization’s assets and reputation, further creating demand for consumer identity and access management. Moreover, organizations are implementing identity and access management to support cybersecurity to provide customers with an assurance of their digital identities. The service enables organizations to remove inappropriate exemptions, enhance productivity, mitigate risk, and others.

In addition, traditional identity and access management are now used with IoT. With IoT, identity and access management solutions will identify each connected device such as sensors, monitors, and manage and control all types of sensitive and non-sensitive data. The IoT connected device will leverage the collection of data from the devices by linking it directly to the business systems.

Restraint in the Consumer Identity and Access Management Market

However, SMEs lack insufficient resources in terms of budget, coupled with the high installation cost. Even the investment and maintenance cost are high, and concerns related to the increasing cyber threat will further restrict the market growth for consumer identity and access management market.

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Component – Segment Analysis

Based on the Component, Provisioning is expected to grow at the fastest rate in the global consumer identity and access management market during the forecast period. Provisioning involves coordinating the creation of a user’s account, password management, email authorizations, and other benefits. This approach reduces an administrator’s workload, such as allowing the user to self-manage their account and password. For instance, OneLogin provides the automated user provisioning to reduce human involvement and streamline access control with increased security and reduce cost.

Vertical – Segment Analysis

Based on the Vertical, healthcare is projected to capture the largest market share over the forecast period in the global consumer identity and access management market due to the threat of unauthorized people accessing protected health information. The requirement for identity and access management in healthcare as patients become victims of medical identity theft puts further treatments at risk. For instance, Imprivata offers an integrated identity and access management solution for healthcare that reduces security and compliance risk while also improving clinical and IT operational efficiency. It ensures fast, appropriate, and secure access to patients’ data.

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Regional – Segment Analysis:

Based on the region, North America region is expected to capture a significant market share in the global consumer identity and access management market due to the need for securitization in SMEs and large enterprises. Enterprises in this region are increasingly implementing and security for preventing cyber attacks and ensure security and privacy of data. The adoption in this region is more due to presence of several leading companies such as Microsoft Corporation, IBM Corporation, Salesforce, Ping Identity, and others.

Top Market Players

Various notable players operating in the market include Ping Identity, IBM Corporation, Salesforce, Microsoft Corporation, OneLogin, Imprivata Inc., Strata Identity Inc., Simeio Solutions, Ubisecure Inc., Widasconcept GmbH, and among others.

Key Developments:

• • In 2021, One Identity acquired OneLogin to provide solutions to help organizations to enhance cybersecurity posture. Through this acquisition, the company planned to serve more than 10,000 people.
  • In 2019, Akamai acquired customer identity access management company Janrain Inc. This acquisition is expected to offer the critical complementary capability to provide immediate security benefits to consumer identity and access management customers.

Segments covered in the Report:

The global Consumer Identity and Access Management market has been segmented on the basis of Component, Vertical, Deployment Mode, Enterprise Size and regions. Based on Component, the market is segmented into Provisioning, Directory Services, Single Sign-On, Password Management, Advance Authentication, Others. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Healthcare, Education, Others. Based on Deployment Mode, the market is segmented into On-Premise, Cloud. Based on Enterprise Size the market is segmented into SMEs, Large Enterprise.

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Market Segmentation

Global Consumer Identity and Access Management Market by Component

• • Provisioning
  • Directory Services
  • Single Sign-On
  • Password Management
  • Advance Authentication
  • Others

Global Consumer Identity and Access Management Market by Vertical

• • BFSI
  • IT & Telecom
  • Healthcare
  • Education
  • Others

Global Consumer Identity and Access Management Market by Deployment Mode

• • On-Premise
  • Cloud

Global Consumer Identity and Access Management Market by Enterprise Size

• • SMEs
  • Large Enterprise

Global Consumer Identity and Access Management Market by Region

• • North America Consumer Identity and Access Management Market (Option 1: As a part of the free 25% customization)

    • North America Consumer Identity and Access Management Market by Component
    • North America Consumer Identity and Access Management Market by Vertical
    • North America Consumer Identity and Access Management Market by Deployment Mode
    • North America Consumer Identity and Access Management Market by Enterprise Size
    • US Consumer Identity and Access Management Market All-Up
    • Canada Consumer Identity and Access Management Market All-Up

  • Europe Consumer Identity and Access Management Market (Option 2: As a part of the free 25% customization)

    • Europe Consumer Identity and Access Management Market by Component
    • Europe Consumer Identity and Access Management Market by Vertical
    • Europe Consumer Identity and Access Management Market by Deployment Mode
    • Europe Consumer Identity and Access Management Market by Enterprise Size
    • UK Consumer Identity and Access Management Market All-Up
    • Germany Consumer Identity and Access Management Market All-Up
    • France Consumer Identity and Access Management Market All-Up
    • Spain Consumer Identity and Access Management Market All-Up
    • Rest of Europe Consumer Identity and Access Management Market All-Up

  • Asia-Pacific Consumer Identity and Access Management Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Consumer Identity and Access Management Market by Component
    • Asia-Pacific Consumer Identity and Access Management Market by Vertical
    • Asia-Pacific Consumer Identity and Access Management Market by Deployment Mode
    • Asia-Pacific Consumer Identity and Access Management Market by Enterprise Size
    • China Consumer Identity and Access Management Market All-Up
    • India Consumer Identity and Access Management Market All-Up
    • Japan Consumer Identity and Access Management Market All-Up
    • Rest of APAC Consumer Identity and Access Management Market All-Up

  • RoW Consumer Identity and Access Management Market (Option 4: As a part of the free 25% customization)

    • RoW Consumer Identity and Access Management Market by Component
    • RoW Consumer Identity and Access Management Market by Vertical
    • RoW Consumer Identity and Access Management Market by Deployment Mode
    • RoW Consumer Identity and Access Management Market by Enterprise Size
    • Brazil Consumer Identity and Access Management Market All-Up
    • South Africa Consumer Identity and Access Management Market All-Up
    • Saudi Arabia Consumer Identity and Access Management Market All-Up
    • UAE Consumer Identity and Access Management Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Consumer Identity and Access Management Market All-Up

Major Players Operating in the Consumer Identity and Access Management (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Ping Identity
  • IBM Corporation
  • Salesforce
  • Microsoft Corporation
  • OneLogin
  • Imprivata Inc.
  • Strata Identity Inc.
  • Simeio Solutions
  • Ubisecure Inc.
  • Widasconcept GmbH