The Latin America, Middle East and Africa Consumer IAM Market is expected to witness market growth of 18.9% CAGR during the forecast period (2021-2027).
Organizations may use identity and access management systems and services to revoke access, eliminate improper exemptions, manage consumer access and authentication procedures, increase productivity, reduce risk, and so on. As a result, most businesses are turning to Solutions and services to enhance productivity and efficiency while maintaining security. In this digital age, identity security seems to have become a need, and it is a top priority for this decade. Everything from money to cellphones now requires a digital identity, and it has become an integral part of our daily lives. CIAM software is useful for identity management and access control, and it helps firms to customize their customer communications.
The need for IAM solutions is projected to rise as the Middle East and Africa undergo a digital transition. Furthermore, governments in this area, including Saudi Arabia, Egypt, and Jordan, have begun enacting data privacy legislation, which will provide market possibilities in the future. Similarly, with increased cybercrime, technological advancements, and the adoption of data privacy and protection legislation in this area, Latin America is expected to have moderate development. Every industry faces unique issues, so as every organization. As a result, defining a uniform CIAM methodology that is interchangeable for any organization is difficult.
The Brazil market dominated the LAMEA Consumer IAM Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $406.8 million by 2027. The Argentina market is anticipated to grow at a CAGR of 19.6% during (2021 - 2027). Additionally, The UAE market is expected to experience a CAGR of 18.6% during (2021 - 2027).
Based on component, the market is segmented into Solution (Identity Verification & Authentication, Access Management & Authorization, Behavior 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Organizations may use identity and access management systems and services to revoke access, eliminate improper exemptions, manage consumer access and authentication procedures, increase productivity, reduce risk, and so on. As a result, most businesses are turning to Solutions and services to enhance productivity and efficiency while maintaining security. In this digital age, identity security seems to have become a need, and it is a top priority for this decade. Everything from money to cellphones now requires a digital identity, and it has become an integral part of our daily lives. CIAM software is useful for identity management and access control, and it helps firms to customize their customer communications.
The need for IAM solutions is projected to rise as the Middle East and Africa undergo a digital transition. Furthermore, governments in this area, including Saudi Arabia, Egypt, and Jordan, have begun enacting data privacy legislation, which will provide market possibilities in the future. Similarly, with increased cybercrime, technological advancements, and the adoption of data privacy and protection legislation in this area, Latin America is expected to have moderate development. Every industry faces unique issues, so as every organization. As a result, defining a uniform CIAM methodology that is interchangeable for any organization is difficult.
The Brazil market dominated the LAMEA Consumer IAM Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $406.8 million by 2027. The Argentina market is anticipated to grow at a CAGR of 19.6% during (2021 - 2027). Additionally, The UAE market is expected to experience a CAGR of 18.6% during (2021 - 2027).
Based on component, the market is segmented into Solution (Identity Verification & Authentication, Access Management & Authorization, Behavior 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Identity Verification & Authentication
- Access Management & Authorization
- Behaviour Analytics
- Others
- Services
By Deployment Type
- Cloud
- On Premises
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- BFSI
- Public Sector & Utilities
- IT & Telecom, Healthcare
- Transportation & Logistics
- Retail & e-commerce
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Okta, Inc.
- Ping Identity Holding Corp. (Vista Equity Partners)
- ForgeRock, Inc.
- LoginRadius, Inc.
- IBM Corporation
- Salesforce.com, Inc.
- Microsoft Corporation
- SAP SE
- Broadcom, Inc.
- Akamai Technologies, Inc.
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Consumer IAM Market by Component
Chapter 5. LAMEA Consumer IAM Market by Deployment Type
Chapter 6. LAMEA Consumer IAM Market by Enterprise Size
Chapter 7. LAMEA Consumer IAM Market by End User
Chapter 8. LAMEA Consumer IAM Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Okta, Inc.
- Ping Identity Holding Corp. (Vista Equity Partners)
- ForgeRock, Inc.
- LoginRadius, Inc.
- IBM Corporation
- Salesforce.com, Inc.
- Microsoft Corporation
- SAP SE
- Broadcom, Inc.
- Akamai Technologies, Inc.
Methodology
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