Global Consumer IAM Market Size, Share, Analysis - Forecasts To 2025

The consumer identity and access management (IAM) market is estimated to grow at a CAGR of 16.2% during the forecast period. Frequent cases of cyber-attacks and data breaches over the world are giving rise to a need for secure and efficient business solutions. Consumer identity and access management secures sensitive data from consumers and protects them from cyber-attacks and online threats. The product finds applications in almost all major industries including healthcare, education, government, telecommunication, retail, e-commerce, and hospitality among others.

The exponential rise in the adoption of smart devices, digitization of businesses, rising need to prevent cyber frauds is some of the factors expected to drive growth in the consumer IAM market. Subsequently, encouragement and investment by the government in the field to optimize operations is expected to generate market opportunities in the consumer IAM market.

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