Consumer IAM market is anticipated to grow at a considerable CAGR of 18.4% during the forecast period. The growing awareness regarding organization’s security, privacy, and compliance posture, increasing compliance mandates and regulations, and growing demand from end-user industries is a key factor driving the growth of the consumer IAM market. The growing adoption of consumer IAM in different regions is further contributing to the global market. For instance, in July 2022, Hong Kong Life announced the adoption of iAM Smart for customer identity verification in customer serving account login. The innovation is made in collaboration with MediConCen Limited, an InsurTech startup company. Hong Kong Life acted as the project sponsor while the project is under the Fintech Proof-of-Concept Subsidy Scheme by the Financial Services and the Treasury Bureau.
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Consumer IAM solution provide a secure and frictionless experience, allowing companies to improve customer interactions. The rapid increase in security breaches and cyber attacks has further created the demand for the global consumer IAM market. Lack of awareness about the consumer IAM may restrain the growth of the market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Consumer Identity & Access Management (IAM) Market Report Segment
By Component
- Solution
- Services
By Deployment
- On Premises
- Cloud Based
By End-User Industries
- BFSI
- Healthcare
- IT & Telecom
- Energy & Utilities
- Others
Global Consumer Identity & Access Management (IAM) Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global consumer IAM market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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