The Future of Consumer IAM Market

The increasing venture capital funding and growing investments in consumer identity and access management technology to drive the market growth.

According to market research report
Consumer IAM Market by Component (Solutions and services), Solution (Identity Governance, Identity Authentication and Verification), Service, Authentication Type, Deployment Mode, Organization Size, Industry Vertical, and Region – Global Forecast to 2025″, is projected to grow from USD 7.6 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period .

These professionals help organizations formulate and implement consumer identity and access management strategies, prevent revenue losses, minimize risks, understand cybersecurity solutions, and enhance security in the existing information system. Integration and deployment services are important for companies because non-IT companies do not have the expertise to understand security technologies and secure organizational information.

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CIAM solutions offer a secure and frictionless experience, which helps organizations build better relationships with their customers. Therefore, CIAM solutions are helping global SMEs and large enterprises provide consistent, frictionless, and enhanced experience to their customers; these benefits will drive the growth of the global consumer identity and access management market.