The global consumer IAM market is projected to grow from $8.6 billion in 2021 to $17.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 15.3% during the forecast period, according to ResearchAndMarkets. The major driving factors contributing to the high growth rate of CIAM market include the 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.

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