The Asia Pacific Consumer IAM Market is expected to witness market growth of 16.8% CAGR during the forecast period (2021-2027).
Consumer identity and access management solutions are in high demand due to the growing deployment of IoT and smart devices in companies. The surge in the volume of mobile devices in businesses has caused problems with data management in multiple systems, raising the risk of cybercrime. As a result, corporations have begun to use strong authentication security solutions in order to secure consumers' sensitive data. However, in the forecasted period, the lack of identity standards, budgetary constraints in deploying CIAM solutions, and a shortage of skilled cyber security professionals between many enterprises are expected to act as major restraints on the growth of consumer identity and access management (IAM), while the difficulties in addressing the advanced threats may pose a challenge to the consumer identity and access management (IAM) market.
India has seen significant changes in the last decade, and this decade is likely to see further urbanization and digitalization as a result of increased technology proliferation. The country boasts a burgeoning landscape, with several start-ups and new enterprises and organizations springing up. As a result, India is a highly profitable market for CIAM products and services. In India, cloud-based systems are becoming increasingly popular, necessitating the development of more sophisticated consumer identification solutions.
The China market dominated the Asia Pacific Consumer IAM Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $1,706.1 million by 2027. The Japan market is poised to grow at a CAGR of 16.1% during (2021 - 2027). Additionally, The India market is expected to exhibit a CAGR of 17.5% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.
Consumer identity and access management solutions are in high demand due to the growing deployment of IoT and smart devices in companies. The surge in the volume of mobile devices in businesses has caused problems with data management in multiple systems, raising the risk of cybercrime. As a result, corporations have begun to use strong authentication security solutions in order to secure consumers' sensitive data. However, in the forecasted period, the lack of identity standards, budgetary constraints in deploying CIAM solutions, and a shortage of skilled cyber security professionals between many enterprises are expected to act as major restraints on the growth of consumer identity and access management (IAM), while the difficulties in addressing the advanced threats may pose a challenge to the consumer identity and access management (IAM) market.
India has seen significant changes in the last decade, and this decade is likely to see further urbanization and digitalization as a result of increased technology proliferation. The country boasts a burgeoning landscape, with several start-ups and new enterprises and organizations springing up. As a result, India is a highly profitable market for CIAM products and services. In India, cloud-based systems are becoming increasingly popular, necessitating the development of more sophisticated consumer identification solutions.
The China market dominated the Asia Pacific Consumer IAM Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $1,706.1 million by 2027. The Japan market is poised to grow at a CAGR of 16.1% during (2021 - 2027). Additionally, The India market is expected to exhibit a CAGR of 17.5% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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. Asia Pacific Consumer IAM Market by Component
Chapter 5. Asia Pacific Consumer IAM Market by Deployment Type
Chapter 6. Asia Pacific Consumer IAM Market by Enterprise Size
Chapter 7. Asia Pacific Consumer IAM Market by End User
Chapter 8. Asia Pacific 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
LOADING...
