The Europe Consumer IAM Market is expected to witness market growth of 14.1% CAGR during the forecast period (2021-2027).
Customer identity and access management (IAM) assist a business in managing and protecting customer profile data, identification, and access control to services and applications. The benefits of a customer IAM solution include seamless customer experiences, strong security, privacy, and performance & scalability. Over the projection period of 2021 to 2028, the fast increase in security breaches and cyber-attacks is likely to have an impact on the growth of the consumer identity and access management (IAM) market. The consumer identity and access management (IAM) industry is expected to increase in response to the rising demand for a seamless customer experience. Furthermore, identity theft and fraud, as well as financial institutions' increased investment in IT infrastructure to protect consumer data, are expected to boost market development.
Due to security and regulatory compliance issues in nations like Germany, Italy, Spain, and others, Europe is expected to develop dramatically. In this area, the market for identity and access management systems is driven by the regulations of the General Data Protection Regulation (GDPR) from across the European Union. The need for IAM solutions to comply with rules in this region is increasing as the number of small and medium-sized businesses grows. The rising popularity of BYOD and mobility trends has boosted demand for end-user device authentication, propelling the market forward. IAM solutions are in high demand in the European market because they help connect security policies and standards with business drivers.
The Germany market dominated the Europe Consumer IAM Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $1253.3 million by 2027. The UK market is expected to witness a CAGR of 13.3% during (2021 - 2027). Additionally, The France market is expected to witness a CAGR of 15% during (2021 - 2027).
Based on component, the market is segmented into Solution (Identity Verification & Authentication, Access Management & Authorization, Behaviour 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
Customer identity and access management (IAM) assist a business in managing and protecting customer profile data, identification, and access control to services and applications. The benefits of a customer IAM solution include seamless customer experiences, strong security, privacy, and performance & scalability. Over the projection period of 2021 to 2028, the fast increase in security breaches and cyber-attacks is likely to have an impact on the growth of the consumer identity and access management (IAM) market. The consumer identity and access management (IAM) industry is expected to increase in response to the rising demand for a seamless customer experience. Furthermore, identity theft and fraud, as well as financial institutions' increased investment in IT infrastructure to protect consumer data, are expected to boost market development.
Due to security and regulatory compliance issues in nations like Germany, Italy, Spain, and others, Europe is expected to develop dramatically. In this area, the market for identity and access management systems is driven by the regulations of the General Data Protection Regulation (GDPR) from across the European Union. The need for IAM solutions to comply with rules in this region is increasing as the number of small and medium-sized businesses grows. The rising popularity of BYOD and mobility trends has boosted demand for end-user device authentication, propelling the market forward. IAM solutions are in high demand in the European market because they help connect security policies and standards with business drivers.
The Germany market dominated the Europe Consumer IAM Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $1253.3 million by 2027. The UK market is expected to witness a CAGR of 13.3% during (2021 - 2027). Additionally, The France market is expected to witness a CAGR of 15% during (2021 - 2027).
Based on component, the market is segmented into Solution (Identity Verification & Authentication, Access Management & Authorization, Behaviour 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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. Europe Consumer IAM Market by Component
Chapter 5. Europe Consumer IAM Market by Deployment Type
Chapter 6. Europe Consumer IAM Market by Enterprise Size
Chapter 7. Europe Consumer IAM Market by End User
Chapter 8. Europe 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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