PUBLISHER: Polaris Market Research | PRODUCT CODE: 1605797
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1605797
The global consumer identity and access management market size is expected to reach USD 43.55 billion by 2034, according to a new study by Polaris Market Research. The report "Global Consumer Identity and Access Management (CIAM) Market Size, Share, Trends, Industry Analysis Report: By Component (Solutions and Services); Deployment; Authentication Method; Industry Verticals, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025 - 2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The CIAM market has emerged as a vital component in the digital environment, driven by the need for businesses to manage user identities while ensuring security and privacy. CIAM solutions empower companies to provide a seamless user experience while safeguarding sensitive data and complying with regulations. This market encompasses various tools and technologies that facilitate the secure registration, authentication, and authorization of consumers, making it an essential investment for businesses looking to enhance customer engagement and build trust.
The growth of the CIAM market is largely attributed to the rise in digital services, the proliferation of connected devices, and rising consumer expectations for personalized experiences. Customers demand quick access to services, and they prefer platforms that recognize them and tailor interactions accordingly. CIAM solutions help achieve this by enabling single sign-on (SSO) capabilities, social login options, and advanced authentication methods such as biometrics and multi-factor authentication (MFA). These features not only streamline user journeys but also enhance security measures, which are crucial as cyber threats continue to evolve.
The services segment in the consumer identity and access management (CIAM) market is expected to experience substantial growth over the forecast period due to the increasing need for expert guidance in implementing and optimizing consumer identity and access management solutions.
The solutions dominated the consumer identity and access management (CIAM) market owing to the need for compliance with stringent data protection regulations and rising demand for enhanced security and streamlined user experiences.
In the global market, North American CIAM market has the highest revenue share due to the advanced technology infrastructure and a strong focus on cybersecurity. Additionally, the prevalence of data breaches in the region fuels the adoption of consumer identity and access management (CIAM) solutions.
The global key market players are IBM; Microsoft; Salesforce; SAP SE; Okta; Akamai Technologies; Ping Identity; ForgeRock; LoginRadius; Broadcom; HID Global; OneLogin, Inc.; Cisco Systems, Inc.; CA Technologies; Persistent Systems; Zoho Corporation; Atos SE; Verizon Enterprise Solutions; Avancer Corporation; Simeio Solutions LLC, Imprivata, Inc.
Polaris Market Research has segmented the consumer identity and access management market report based on component, deployment, authentication method, industry verticals, and region: