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The Consumer Identity and Access Management (IAM) market is predicted to expand at a Compound Annual Growth Rate (CAGR) of 13.33% during the forecast period, from USD 19.71 billion in 2020 to USD 53.28 billion by 2028. The market’s growth is fueled by several factors, such as the rise of e-commerce, increasing concerns regarding cyber threats such as theft, fraud, and identity theft, the need for enhanced consumer satisfaction and experience, compliance with stringent regulations, the growing demand for cloud-based solutions, the rapid growth of mobile Consumer Identity and Access Management (IAM) solutions, the use of consumer IAM as a marketing tool, the surge in adoption of IoT & big data, and the increase in Bring Your Own Device (BYOD) and Enterprise File Sync and Share (EFSS) services. On the other hand, the lack of standardization and budgetary constraints in Consumer Identity and Access Management (IAM) and a shortage of cybersecurity experts may pose significant challenges to the market’s growth.
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Top 10 Companies Operating in the Global Consumer Identity and Access Management (IAM) Market:
The global market is further segmented into type and application:
By Deployment Type:
By Authentication type Outlook:
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
Key Takeaways of the Competitive Overview Section:
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