Home Innovation Identity and Access Management Consumer Identity and Access M...

Consumer Identity and Access Management Market to Hit $37.2 Billion by 2030

Identity and Access Management

Business Honor
01 April, 2025

Global market grows at 17.2% CAGR, driven by rising cyber threats and IoT adoption.

The global Consumer Identity and Access Management (IAM) market is on a rapid growth trajectory, projected to reach $37,239.29 million by 2030, expanding at a robust compound annual growth rate (CAGR) of 17.2% from 2021. This surge is fueled by the increasing adoption of consumer IAM solutions, driven by the growing need for centralized monitoring, stringent data protection regulations, and a rise in cyber threats.

The financial services (BFSI) sector holds the largest market share, with high demand for advanced authentication solutions like biometrics, fingerprint readers, and voice recognition systems to combat fraud. The healthcare, government, and retail sectors are also contributing significantly to the market’s growth, driven by digital transformation and the increasing prevalence of mobile devices.

The adoption of IoT devices has further accelerated the need for robust consumer IAM solutions, as organizations seek to secure sensitive data amidst expanding digital ecosystems. The cloud deployment segment is expected to witness the highest growth due to its scalability, cost-effectiveness, and widespread adoption across industries.

“Consumer IAM is critical for safeguarding data in today’s interconnected world,” said a spokesperson from Allied Market Research. The COVID-19 pandemic further boosted market growth as remote work became the norm, increasing the demand for secure access management solutions.

Key players in the market include IBM, Microsoft, Cisco, Verizon, and Dell, all investing in innovative technologies to enhance security measures. As cyber threats become more sophisticated, the consumer IAM market is set to continue its upward trajectory, offering lucrative opportunities for businesses and investors alike.