Consumer Identity and Access Management Market Outlook 2024-2033: Trends and Projections

Market Size - The consumer identity and access management market size has grown rapidly in recent years. It will grow from $31.66 billion in 2023 to $37.04 billion in 2024 at a compound annual growth rate (CAGR) of 17.0%. The growth in the historic period can be attributed to personalization and user experience, mobile app proliferation, e-commerce growth, user data security concerns, regulatory compliance. The consumer identity and access management market size is expected to see rapid growth in the next few years. It will grow to $71.59 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to consent management, identity verification services, expansion of digital services, user-centric identity management, globalization of businesses, gdpr and privacy regulations evolution.. Major trends in the forecast period include multi-factor authentication (mfa) adoption, consent management and privacy compliance, progressiv...