Growing number of cyber-attacks and security concerns Since then, digital business practices and the use of emails on home servers have become the new business continuity plan (BCP) for a variety of enterprises. Governments of the world and regulatory agencies have forced both public and private organizations to accept new techniques of teleworking and preserving social distance in the wake of the COVID-19 pandemic. The need for a CIAM system has surged, according to vendors. The internet is being used by BFSI, manufacturing, healthcare and life sciences, retail, transportation and logistics, and other industries to deliver critical services to customers. The reliance on internet enterprises has expanded dramatically as a result of the COVID-19 outbreak. The internet ecosystem has become increasingly important across the world. The COVID-19 pandemic has had an impact on many aspects of society, including individuals and corporations. Furthermore, the market is being driven by an increase in cyber-attacks and a continuous trend of employing IoT across numerous sectors such as public, education, manufacturing, media & entertainment, defense, and others. Businesses can use consumer identity and access management solutions to help secure sensitive data and protect customers from cyber threats and other financial frauds. New York, Ma(GLOBE NEWSWIRE) - announces the release of the report "Global Consumer IAM Market By component, By Deployment Type, By Enterprise size, By end user, By Regional Outlook, Industry Analysis Report and Forecast, 2021 - 2027" - Ĭustomers’ identities are authenticated throughout digital and non-digital channels with the support of consumer IAM industry participants. To provide safe and seamless services, companies use identity and access management (IAM) systems to manage the identities of workers, customers, partners, contractors, and others.
The Global Consumer IAM Market size is expected to reach $19 billion by 2027, rising at a market growth of 15.
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