Increasing Security Breaches and Demand for Seamless Customer Interaction Propel the Global CIAM Market to 2028
The global Customer Identity and Access Management (CIAM) market is poised for significant growth, with a projected value of USD 18.1 billion by 2028, up from USD 8.6 billion in 2023, reflecting a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period.
- The global Customer Identity and Access Management (CIAM) market is poised for significant growth, with a projected value of USD 18.1 billion by 2028, up from USD 8.6 billion in 2023, reflecting a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period.
- The market is driven by key factors shaping its trajectory, including the increasing demand for a frictionless customer experience and growing awareness of regulatory compliance and access management tools.
- However, challenges related to addressing the complexity of advanced threats may hinder market growth.
- Key Companies in the CIAM Market: