Consumer IAM Market with Focus on future Scope and Historical Analysis
The Consumer IAM Market Size is expected to grow from $8.6 billion in 2023 to $18.1 billion by 2028, at a CAGR of 16.2%. This growth is driven by the rising cases of identity and authentication fraud and the need to provide a smooth customer experience. However, the complexity of advanced threats could slow down the market's expansion.
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CIAM Market Trends: Services Segment to Grow Rapidly
The services segment is expected to see rapid growth within the CIAM market. Security vendors offer a range of services, including consulting, training, and ongoing support, to help organizations get the most out of their CIAM solutions. These services focus on helping companies meet their business goals by using the latest techniques and industry best practices.
CIAM Market Share: Integration and Deployment Services to Dominate
Integration and deployment services are anticipated to hold a significant Consumer IAM Market Share during the forecast period. These services, provided by industry experts, help organizations design and implement strong CIAM strategies, which is crucial for companies without deep IT expertise. By using these services, organizations can better protect their data and ensure a secure CIAM implementation.
Asia Pacific to Lead in CIAM Market Trends
The Asia Pacific region is expected to grow the fastest in the CIAM market. Rapid digitalization in countries like China, Japan, and India has led to a greater need for effective CIAM solutions. As more activities and transactions move online, the risk of identity theft and fraud has increased, driving demand for robust CIAM systems.
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Top Comapnies in Consumer IAM Market
Major companies leading the CIAM market include IBM, Microsoft, Salesforce, SAP, Broadcom, Okta, Akamai Technologies, Ping Identity, ForgeRock, LoginRadius, HID Global, ManageEngine, WidasConcepts, Acuant, Omada, OneWelcome, GlobalSign, Ubisecure, SecureAuth, WSO2, AWS, Simeio Solutions, Auth0, CyberArk, OneLogin, Trusona, FusionAuth, IDnow, Strata Identity, and Evident, with headquarters in the US, Germany, Canada, the Netherlands, the UK, Finland, Denmark, and other countries.
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