Press Release: July 21, 2020
Cunsumer Identity and Access Management is a subset of the larger concept of Identity Access Management (IAM) and is focused specifically on managing the identity, access and security of software applications. A single CIAM system though will management or access to multiple applications, however they are doing not have confidence the class-conscious directory structure of of Identity Access Management solutions. CIAM solutions area unit typically designed to scale to handle tens-of-millions of users or additional in B2C environments. IAM is common in giant organizations to regulate a good scope of internal user access points  as well as component access, file and resource permissions, network access permissions, application access, and human resource wants.In the simplest kind, CIAM includes the registration and login processes that permit a client to sign up and use a company’s application. additional advanced systems will give single sign-on (SSO), account and preference management, knowledge trailing and news, multi-factor authentication, and user observance and management.
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The factors such as increasing organizations need to deliver enriched, frictionless customer experience, consistent and enhance the operational efficiency are driving the global consumer identity access market. In addition, rising retail and e commerce business, rising IoT trend across the globe, and growing concerns about managing stringent industry regulatory compliances are the driving factors of the consumer IAM market.
The global shopper identity access management market is segmental on the idea of part, preparation mode, end use, and region. In terms of part, the market is segmental into solutions and services. the answer section is classified on the idea of advanced authentication and identity proofing services. The services section is additional sub-segmented into skilled services and managed services. The market is classed in terms of preparation mode into cloud and on-premises. On the idea of finish use, the market is classed into banking, monetary services & insurance, energy and utilities, healthcare, retail, IT and medium, et al. (manufacturing and government).
North America is predicted to account for the most important market share and dominate the patron IAM market from 2018 to 2023, thanks to the presence of an oversized variety of IAM vendors across this region providing extremely innovative identity proofing, identity analytics, and identity authentication solutions. On the opposite hand, APAC offers the potential growth opportunities within the shopper IAM market, thanks to the increasing expenditure for securing consumer’s identity to stop fraud, within the rising economies of the region, like China, Australia, Singapore, and India.
Major companies within the shopper IAM market includes IBM (US), Microsoft (US), Salesforce (US), SAP (Germany), Okta (US), CA Technologies (US), Janrain (US), Ping Identity (US), ForgeRock (US), LoginRadius (Canada), iWelcome (Netherlands), GlobalSign (UK), Trusona (US), SecureAuth (US), WidasConcepts (Germany), Acuant (US), EmpowerID (US), Onegini (Netherlands), Pirean (UK), Auth0 (US), Avatier (US), Ergon (Switzerland), ManageEngine (US), Simeio Solutions (US), and Ubisecure (Finland).
The consumer identity access market has been segmented as follows:
Global Consumer Identity Access Market, by Component
o Dvanced Authentication
o Identity Proofing Services.
o Professional Services
o Managed Services
Global Consumer Identity Access Market, by Deployment Mode
• On premises
Global Consumer Identity Access Market, by end Use
• Financial Services & Insurance
• Energy & Utilities
• It & Telecom
• Others (Manufacturing & Government).
Global Consumer Identity Access Market, by Geography
• North America
o Rest of North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
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