Customer Identity And Access Management Market Research: Growth Opportunities by Regions, Types & Applications to 2030
The global customer identity and access management (CIAM) market was valued at USD 8.12 billion in 2023 and is projected to grow significantly, reaching USD 26.72 billion by 2030. This reflects a robust compound annual growth rate (CAGR) of 17.4% during the forecast period from 2024 to 2030. The market’s rapid expansion can be attributed to several converging factors: Rising awareness of data protection laws such as GDPR in Europe, CCPA in the U.S., and other regional privacy regulations, which require businesses to adopt secure and compliant identity management practices. Accelerated digitalization of businesses across sectors like BFSI, healthcare, e-commerce, and retail, which has created a need for scalable, secure, and user-friendly identity verification and access management solutions. Demand for enhanced user experiences, where businesses are increasingly focused on frictionless authentication methods, personalized digital interactions, and maintaining secur...