The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The consumer Identity and Access Management (IAM) market has witnessed significant growth in recent years, driven by various factors such as the rise of digital transformation, increasing cybersecurity threats, and the proliferation of online services. In 2023, the market size reached $10.84 billion, and it is expected to grow to $12.69 billion in 2024, with a compound annual growth rate (CAGR) of 17.0%. Looking ahead, the market is projected to continue its rapid expansion, reaching $23.58 billion by 2028, with a CAGR of 16.8%.

Cloud-Based Service Adoption Fuels Consumer IAM Market Growth
One of the key drivers of growth in the consumer IAM market is the increasing adoption of cloud-based services. Cloud-based services offer a range of benefits, including improved security, scalability, and cost-effectiveness. In 2021, the use of cloud computing in large companies increased by 7%, reaching 72%. Medium-sized enterprises also saw a significant increase in cloud adoption, with 53% using cloud computing compared to 46% in 2020. The growth of cloud-based services is expected to drive demand for consumer IAM solutions, as organizations seek to ensure secure and seamless interactions between customers and cloud applications.

Read The Full Consumer IAM Market Report Here:
https://www.thebusinessresearchcompany.com/report/consumer-iam-global-market-report

Tech Advancements Propel Consumer IAM Market
Advancements in technology are also driving growth in the consumer IAM market, with major players investing in innovative technologies to maintain their competitive edge. For example, International Business Machines Corporation (IBM) recently launched an updated version of its managed detection and response service, which uses AI-powered threat detection and response capabilities to provide 24×7 surveillance, assessment, and automatic remediation of security signals. This kind of technological innovation is expected to fuel further growth in the consumer IAM market as organizations look to enhance their security posture and protect against emerging threats.

Microsoft Strengthens Its IAM Capabilities With Acquisition Of Cloudknox Security
In July 2021, Microsoft Corp. acquired CloudKnox Security, a company specializing in identity and access management (IAM), to strengthen its IAM capabilities. CloudKnox Security helps organizations right-size permissions and enforce least-privilege principles to reduce risk and prevent security breaches. This acquisition is indicative of the growing importance of IAM in the cybersecurity landscape and highlights the need for organizations to invest in IAM solutions to protect their digital assets.

Market Segmentation
The consumer IAM market is segmented by component, organization size, and verticals. The components include solutions and services, while the organization size segments include large enterprises and SMEs. Verticals covered in the market include BFSI, hospitality, healthcare, retail and e-commerce, public sector, automotive, education, IT, transportation and logistics, and other verticals.

Get A Free Sample On The Global Consumer IAM Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=7990&type=smp

The Consumer IAM Global Market Report 2024  provides an overview of the consumer IAM market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The consumer IAM market forecast analyzes consumer IAM market size, consumer IAM market share, leading competitor and their market positions.

The Table Of Content For The Consumer IAM Market Include:
1. Consumer IAM Market Executive Summary
2. Consumer IAM Market Segments
3. Consumer IAM Market Size And Consumer IAM Market Growth Rate
4. Key Consumer IAM Market Trends
5. Major Consumer IAM Market Drivers
……
25. Key Mergers And Acquisitions In The Consumer IAM Market
26. Top Consumer IAM Companies
27. Consumer IAM Market Opportunities And Strategies
28. Consumer IAM Market, Conclusions And Recommendations
29. Appendix

Explore Similar Reports From The Business Research Company:
Customer Analytics Global Market Report 2024
Customer Engagement Solution Global Market Report 2024
Customer Communications Management Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: