According to a research report "Consumer IAM Market with COVID-19 Impact Analysis, by Component (Solutions and Services), Solutions (Identity Governance, Identity Verification and Authentication), Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2026", published by MarketsandMarkets?, the CIAM Market size is projected to grow from USD 8.6 billion in 2021 to USD 17.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 15.3% during the forecast period. The major driving factors contributing to the high growth rate of CIAM Market include Rise in security breaches and cyber-attacks; Demand to deliver a frictionless customer experience; Identity theft and frauds; and Growing awareness of regulatory compliance and access management tools.