New Product Launch to Position Consumer Identity Access Management Market in a Strong Position – The Manomet Current
Persistence Market Research recently published a market study titled “Consumer Identity and Access Management Market – Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028”. The roughly US $ 13 billion market for consumer identity and access management would reach a valuation of just under US $ 50 billion by the end of 2028.
Robust consumer identity and access management solutions typically offer a combination of features, including self-service account management, customer registration, single sign-on (SSO), consent and preference management , access management, multi-factor authentication (MFA), data access, governance and directory services. The best consumer identity and access management solutions ensure a seamless and secure customer experience as well as high performance for consumers accessing data relating to various brands through mobile devices, the web and other platforms.
By component, the overall consumer identity and access management market is segmented into software solutions and services. Consumer Identity and Access Management software solutions are sub-segmented into advanced authentication, profile and credential management services, while consumer identity and access management services are sub-segmented. segmented into professional consumer identity and access management services and managed consumer identity and access management services.
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The major players in the consumer identity and access management market are heavily focused on strategic acquisitions and expansion to increase their product offering and expand their presence across the globe. Long-term contracts with business partners allow providers of consumer identity and access management to increase their revenues and market share in the global market. Some of the Major Consumer Identity and Access Management Market players included in this report are:
- Microsoft Corporation
- SAP SE (Gigya, Inc.)
- Ping Identity
- Okta, Inc.
- Forgerock Inc.
- Janrain, Inc.
- Loginradius, Inc.
- Welcome BV
- Acuant, Inc.
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The vertical segment of the global consumer identity and access management market is sub-segmented into finance and insurance, public administration, healthcare, education services, telecommunications and information technology, and media and entertainment, among others. vertical sectors.
Through the deployment of consumer identity and access management software solutions, the consumer identity and access management market has been segmented into on-premises deployment and Software-as-a-Service (SaaS).
Currently, user experiences have been consistent across different channels following the launch of new apps. This helps businesses lay the groundwork and introduce metrics like performance, scale, security, social login, and single sign-on, among others, into a business. These functionalities provided by identity and consumer access management solutions are contributing to the growth of the market.
Among all the regional markets, the North America Consumer Identity and Access Management market is expected to continue to hold the largest market share of the global Consumer Identity and Access Management market throughout the market. forecast period, due to verticals emphasis on data minimization. theft and data breaches, particularly in the United States. The South Asia region consumer identity and access management market is expected to register the highest growth rate among all the regional markets and is expected to hold the second largest share of the global identity management market. consumer identities and access by the end of the forecast period.
According to Persistence Market Research’s analysis, consumer identity and access management serves as an upgrade space, as security has been a major concern. These consumer identity and access management solutions are believed to evolve and prevent breaches and threats, one example being API Protection, which is about securing APIs against malicious attacks and threats. There has been a greater emphasis on security as older methods used for digital identity verification, such as knowledge-based authentication, have become less secure.
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