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(Construction.IndustryNews247.Com, October 25, 2018 ) The Global Consumer IAM Market was valued at USD 12.46 billion in 2016 and is projected to reach USD 53.4 billion by 2025, growing at a CAGR of 17.56% from 2017 to 2025.
IAM or identity access management is a system of management that enables authorized individuals to be able to access the correct resources for the correct reasons at the correct time. Consumer identity access management system has features such as being able to scale several partner offerings, consumer bases, and business units, connect clients to both internal as well as third-party applications and to register and authenticate the consumer.
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The implementation of smart devices, cloud-based IAM solutions as well as the rising practice of the Internet of Things is leading to escalating concerns with respect to the management of consumer identities. These issues are causing the necessity for biometric authentication in order for the proper management of customer identities. These factors result in the growth of the consumer IAM market. Factors such as the weak identity standards that are implemented across businesses, problems with customary IAM resolutions as well as the need to link consumer data which is dispersed throughout multiple locations are restraining the consumer IAM market.
Competitive Landscape:
The major players in the market are as follows:
Microsoft Corporation
Trusona
Ping Identity Corporation
Gigya, Inc.
IBM Corporation
Globalsign
Janrain, Inc.
Iwelcome
Loginradius, Inc.
Forgerock
Okta, Inc.
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