The Europe Consumer IAM Market would witness market growth of 14.1% CAGR during the forecast period (2021-2027).
Customer identity and access management (IAM) assist a business in managing and protecting customer profile data, identification, and access control to services and applications. The benefits of a customer IAM solution include seamless customer experiences, strong security, privacy, and performance & scalability. Over the projection period of 2021 to 2028, the fast increase in security breaches and cyber-attacks is likely to have an impact on the growth of the consumer identity and access management (IAM) market. The consumer identity and access management (IAM) industry is expected to increase in response to the rising demand for a seamless customer experience. Furthermore, identity theft and fraud, as well as financial institutions' increased investment in IT infrastructure to protect consumer data, are expected to boost market development.
Due to security and regulatory compliance issues in nations like Germany, Italy, Spain, and others, Europe is expected to develop dramatically. In this area, the market for identity and access management systems is driven by the regulations of the General Data Protection Regulation (GDPR) from across the European Union. The need for IAM solutions to comply with rules in this region is increasing as the number of small and medium-sized businesses grows. The rising popularity of BYOD and mobility trends has boosted demand for end-user device authentication, propelling the market forward. IAM solutions are in high demand in the European market because they help connect security policies and standards with business drivers.
The Germany market dominated the Europe Consumer IAM Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1253.3 million by 2027. The UK market is expected to witness a CAGR of 13.3% during (2021 - 2027). Additionally, The France market is expected to witness a CAGR of 15% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Consumer IAM Market Size will Hit $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.
By Component
By Deployment Type
By Enterprise Size
By End User
By Country
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