The North America Consumer IAM Market would witness market growth of 13.4% CAGR during the forecast period (2021-2027).
Consumer IAM (Identity Access Management) is responsible for handling the identities of customers who need access to the online portal, webshops, and corporate websites. Consumers may manage individual accounts and data profiles in CIAM. It also enables various business organizations to identify consumers and their engagements, expand multiple partner products, consumer bases, and business divisions, and link clients to both internal and third-party apps. It has a wide range of applications in banking, healthcare, financial operations, and digital data encryption.
Cyberattacks have increased significantly in the United States during the last decade, and this trend is anticipated to continue in the coming decade. Many big digital companies, like Microsoft and Apple, have their headquarters in the United States, and customer data from all over the world is used and kept there. This generates a significant need for consumer identity and access management solutions and services to verify that this data from companies are protected from the growing number of cybersecurity risks. Many new firms are establishing headquarters in the country in order to take advantage of its market potential, making the United States a significant market in the perspective of consumer identity and access management solution suppliers.
The US market dominated the North America Consumer IAM Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4,586.8 million by 2027. The Canada market is exhibiting a CAGR of 16% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 14.9% during (2021 - 2027).
Based on component, the market is segmented into Solution (Identity Verification & Authentication, Access Management & Authorization, Behaviour Analytics, and Others) and Services. Based on Deployment Type, the market is segmented into cloud and on premises. Based on enterprise size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on end user, the market is segmented into BFSI, Public Sector & Utilities, IT & Telecom, Healthcare, Transportation & Logistics, Retail & e-commerce, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Consumer IAM Market is Estimated to reach $19 Billion by 2027, at a CAGR of 15%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Okta, Inc., Ping Identity Holding Corp. (Vista Equity Partners), ForgeRock, Inc., LoginRadius, Inc., IBM Corporation, Salesforce.com, Inc., Microsoft Corporation, SAP SE, Broadcom, Inc., and Akamai Technologies, Inc.
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By Deployment Type
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