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Liminal predicts rapid growth in consumer identity and access management
May 3, 2024, 5:47 p.m. | Bianca Gonzalez
Biometric Update www.biometricupdate.com
Market research outlet Liminal has released a report that forecasts rapid growth in the Customer Identity and Access Management (CIAM) market, rising from $6.2 billion in 2024 to a projected $10.8 billion by 2028 at a compound annual growth rate of 11.7 percent. The growth is caused by industry changes like vendor consolidation and the demand for more seamless but effective security measures.
One major challenge for the market is fragmented and unreliable identity data, making it difficult to achieve …
access access management biometrics biometrics market reports biometrics news ciam compound consumer customer customer identity digital-identity growth identity identity and access identity and access management industry liminal management market market research rapid rate report research rising
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