Consumer IAM Market Depth Study and Gross Margin Analysis till 2026

Jonytoal04 May, 2022Business

According to a new market 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.