Consumer Identity and Access Management (CIAM) Market

The global Consumer Identity and Access Management (CIAM)  market size is projected to grow from USD 12.5 billion in 2024 to USD 21.0 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period. The expansion of CIAM is propelled by rising identity-related breaches and cyberattacks. Additionally, the increased focus on stringent regulatory compliances and the growing demand for CIAM in retail, healthcare, and banking applications for secure access and authentication further fuel the CIAM market.

Consumer IAM Market Definition

CIAM provides management for the identification, authentication, and authorization of external identities. The platform provides self-service features, customizable adaptive access, Single Sign-On, and the ability for users to utilize an existing identity service for identity management. Also, CIAM offers advanced identity governance, analytics, and reporting for identity repositories, as well as support for mobile applications via APIs and SDKs.

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Competitive overview:

The CIAM market is led by some of the globally established players, such as IBM (US), Okta (US), SAP (US), Microsoft (US), Ping Identity (US), Thales (France), Broadcom (US), AWS (US), Salesforce (US), OpenText (Canada), Akamai Technology (US), Deloitte (UK), HID Global (US), CyberArk (US), and Nevis Security (Switzerland). Partnerships, agreements, collaborations, acquisitions, and product developments are some of the various growth strategies these players use to increase their market presence.

Amazon Web Services (AWS) (US)

Amazon Web Services is a subsidiary of Amazon that provides a great variety of products and services to customers located in 190 countries. AWS provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, among others. It offers both a collection of virtualized security products arranged as a marketplace for users of services provided by AWS and various cloud services.

Amazon Cognito provides solutions to control access to AWS resources from the app. Amazon Cognito uses common identity management standards, including OpenID Connect, OAuth 2.0, and SAML 2.0. Amazon Cognito offers sign-up and sign-in capabilities and manages access to online and mobile applications. For the protection of the organization and its customers, Amazon Cognito delivers an identity store that is scalable to millions of users, supports social and enterprise identity federation, and has cutting-edge security features. Built on open identity standards, Amazon Cognito interfaces with frontend and backend development tools and supports several compliance rules. With plans to add 15 availability zones and five more AWS areas in Canada, Israel, Malaysia, New Zealand, and Thailand, the AWS Cloud now covers 99 availability zones throughout 31 world geographical areas.

Nevis Security (Switzerland)

Nevis Security is one of the well known companies in the Swiss CIAM market. This organization protects against data leakage and offers frictionless methods for authentication to industrial sectors like public sectors, banks and the financial sector, insurance, health insurance, and healthcare, manufacturing, and telecommunication. Nevis Security has offices spread across Europe and North America and is continuing its growth globally through its fast-growing partner network to be in the right position and become a leading provider for the new digital world. Nevis solutions are designed to grant customers access to data with maximum convenience and security. The Nevis Identity Suite provides CIAM—security together with user-friendliness, therefore, making consumer identity and access management secure and customer-friendly. Moreover, the Nevis Authentication Cloud allows for passwordless, user-friendly, and secure authentication, thus raising the level of ease in workflows and boosting customer satisfaction.

Nevis' technology secures more than 80 % of online banking transactions in Switzerland and proves the company's deep expertise and commitment to innovation. With an eye on strong customer experience, strong authentication, and robust ID verification—especially in very security-critical industries such as banking, insurance, and healthcare—the firm places high value on a seamless customer experience.

Nevis Security continues to lead in the delivery of solutions that are scalable and future-proof to meet and exceed companies' needs. Bringing together data security with compliance and customer experience, Nevis empowers businesses to deliver exceptional identity experiences that bring optimum security, privacy, and compliance together.

Apart from prominent vendors, other players include Simeio Solutions (US), Ubisecure (Finland), OneLogin (US), SecureAuth (US), LoginRadius (Canada), IDology (US), Omada Identity (Denmark), WSO2 (US), WidasConcepts (Germany), FusionAuth (US), Transmit Security (Israel), IDnow (Germany), miniOrange (US), and Strivacity (US) which are also evolving in the CIAM market.

Simeio Solutions (US)

Simeio Solutions is one of the leading IAM professionals, managed services, and IDaaS providers. The Simeio Identity Orchestrator platform provides capabilities for managing both internal and external enterprise stakeholders. Enterprise stakeholders of different kinds can securely access internal on-premises and cloud applications to which they are granted access. Simeio's CIAM platform provides Single Sign-On as it integrates apps and supports several modern identity federation protocols. It does deep testing of the CIAM MSSP, thus saving extra cost in terms of dollars and implementation time. Moreover, it has pre-built application connectors to a wide range of applications and can build other apps.

Simeio Solutions has offices in the US, UK, Canada, Costa Rica, and India. In addition, it also maintains a large network of partners, among whom are some of the most well-known companies in identity market space technology, including IBM, ForgeRock, and Ping Identity.

OneLogin (US)

OneLogin, Inc. is a cloud-based, on-demand identity and access management solution designed to develop, sell, and design unified access management platforms for businesses and organizations at the enterprise level. It was acquired by One Identity, a leader in unified identity security, to extend the reach of One Identity's Unified Identity Security Platform. The OneLogin Trusted Experience Platform is the identity foundation to build secure, scalable, smart trusted experiences that connect people to technology. OneLogin caters to digital identities of both the workforce and customers alike, so users can actually focus on the core aspects of their business. OneLogin's AI-Powered SmartFactor Authentication makes it easy for one to get real-time visibility into login attempts. As soon as an account has been identified as a high-risk activity, action is taken promptly. The Trusted Experience Platform includes OneLogin's cloud directory, single sign-on, smart factor authentication, API access management, and API authentication and administration.

OneLogin has millions of users at more than 2000 organizations in over 44 countries, including AAA, Airbus, Carlyle Group, Citizen, Evernote, Fastenal, Herman Miller, Pandora, San Jose Unified School District, Steelcase, Stitch Fix, and Uber. Educational institutions, government, the finance and insurance industries, healthcare, high-tech and industrial manufacturing companies, the media, and others compose the company's customer base.

According to MnM's approach to evaluating the market, most businesses are using various organic and inorganic growth tactics to maintain their position in the evolving market. These strategies cover deals like alliances, acquisitions, collaborations, and partnerships. Moreover, various organizations are focusing on organic growth strategies to provide CIAM solutions to the end consumers, boosting market revenue.

Related Reports:

Consumer Identity and Access Management (CIAM) Market Size, Share, Growth Analysis, By Offering (Solutions (Identity Administration, PII Management & Analytics, Access Management, Fraud Detection) & Services) - Global Industry Forecast to 2030

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