IAM Consumer Market Records USD 10.05 Billion Growth from 2021 to 2026|33% of Growth Comes from APAC


Consumer IAM Market has evolving opportunities with Akamai Technologies Inc., Broadcom Inc. and ForgeRock Inc. from 2021 to 2026

NEW YORK, December 17, 2021 /PRNewswire/ — 33% of the market’s growth will come from APAC during the forecast period. China and Japan are the primary markets for consumer IAM in APAC. The market growth in APAC will be faster than the market growth in other regions. IAM consumer market share is expected to increase by USD 10.05 billion from 2021 to 2026, and the market growth momentum will accelerate by a CAGR of 16.67%.

Attractive Consumer IAM Market Opportunities by Implementation and Geography – Forecast and Analysis 2022-2026

The growth of IAM’s consumer market share with the on-premises segment will be important for generating revenue. The customizations and better data security provided in the on-premise deployment model are some of the factors driving the growth of the segment.

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Emerging opportunities with a few key players
The IAM consumer market is: fragmented and the suppliers deploy growth strategies, such as forming strategic partnerships to compete in the marketplace.

Akamai Technologies Inc. – The company offers consumer IAM products such as Akamai Identity Cloud.

Broadcom Inc. – The company offers consumer IAM products such as Identity Security.

ForgeRock Inc. – The company offers consumer IAM products such as The ForgeRock Identity Platform.

International Business Machines Corp.- The company provides consumer identity and access management services.

Login Radius Inc. –The company offers IAM products for consumers, such as the LoginRadius Identity Platform.

Technavio’s Consumer IAM Market Forecast Report provides in-depth insights into key vendor profiles. The profiles contain information about the production, sustainability and prospects of the leading companies.

Consumer IAM Market – Key Driver

The major factor driving the growth in the consumer IAM market is the: rapid growth of IoT networks. With the growing demand for IoT, IoT providers are under a lot of pressure to bring IoT products to market. Therefore, some IoT providers do not invest in back-end systems necessary to support IoT securely. This leads to neglect of important data management functions such as access control, security and privacy management. IAM provides adaptive authentication, end-to-end data encryption, overload detection, and automatic load balancing for IoT devices, giving them robust security capabilities.

IAM consumer market – major challenge.

The threat to open source IAM solutions for consumers will be a major challenge for the consumer IAM market during the forecast period. Open-source consumer IAM solutions can be downloaded and run on all platforms and are growing in popularity in emerging economies such as: India and China. Most small-scale enterprises in these economies cannot afford to invest in expensive on-premise and cloud-based consumer IAM solutions. Using open-source consumer IAM solutions gives enterprises reduced upfront costs and greater flexibility.

The holistic analysis of the drivers and challenges will help in deriving end goals and refining marketing strategies to gain a competitive advantage. This IAM Consumer Market Analysis Report also provides detailed information on other emerging trends that will have a far-reaching effect on the market growth.

Get a snapshot of the report here for a detailed analysis of market participants’ market share: https://www.technavio.com/report/consumer-iam-market-industry-analysis

IAM Consumer Market 2022-2026: Segmentation

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Market factors
Market Challenges
Market trends
Supplier landscape

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Consumer IAM Market Size

Reporting coverage

Details

page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 16.67%

Market growth 2022-2026

USD 10.05 billion

Market structure

fragmented

YoY Growth (%)

14.45

Regional analysis

North America, Europe, APAC, MEA and South America

Performing Market Contribution

APAC at 33%

Main consumer countries

US, China, UK, Germany and Japan

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Range

Profiled companies

Akamai Technologies Inc., Broadcom Inc., ForgeRock Inc., International Business Machines Corp., LoginRadius Inc., Microsoft Corp., Okta Inc., Ping Identity Holding Corp., Salesforce.com Inc. and SAP SE

Market dynamics

Parent market analysis, Inductors and obstacles to market growth, Analysis of high-growth and slow-growing segments, COVID-19 impact and future consumer dynamics, analysis of market conditions for the forecast period,

Adjustment Range

If our report doesn’t provide the data you’re looking for, contact our analysts and have segments tailored.

About us
Technavio is a leading global technology research and consultancy company. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and 800 technologies across 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position within changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

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