Customer Identity Access Management (CIAM) Market - Trends Forecast Till 2028

Market Overview

The Customer Identity Access Management (CIAM) Market size is projected to reach a CAGR of 16.4% from 2022 to 2028.

Customer Identity and Access Management (CIAM) is how companies give their end users access to their digital properties as well as how they govern, collect, analyze, and securely store data for those users. CIAM sits at the intersection of security, customer experience, and analytics. Providing an easy, frictionless way for users to onboard and log in is critical for driving conversions and building customer loyalty. Protecting sensitive data from malicious intrusion and taking steps to prevent data breaches is central to a sound security policy and compliance with data privacy laws. And compiling user data into a single source of truth is essential to understanding your customers.

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 are some of the factors that have supported long-term expansion for Customer Identity Access Management (CIAM) Market.

Regional Analysis

North America is estimated to account for the highest market share in the CIAM market. Early adoption of CIAM and the presence of several vendors that provide security and CIAM solutions are expected to drive market growth in the region.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• IBM
• Microsoft
• Salesforce
• SAP
• Broadcom
• Okta
• Akamai Technologies
• Ping Identity
• ForgeRock
• Loginradius
• Manageengine
• Widasconcept

Recent Developments

• In October 2021, Okta launched Device Authorization grant, a pitched as simplifying and securing the registration and access for users across input-constrained, shared and "internet of things" devices such as Smart TV apps, smart speakers, kiosks and terminals
• In August 2021, Salesforce and Auth0, a leading authentication and authorization platform, have partnered to offer Salesforce Customer Identity Plus, enabling companies to manage and consolidate customer identities across all apps, regardless of whether they are built on Salesforce, through either a low or pro-code approach.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Customer Identity Access Management (CIAM) Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope