Liminal's Report Forecasts $10.8 Billion Global Market for Customer Identity and Access Management by 2028
NEW YORK, May 1, 2024 /PRNewswire/ -- Liminal, a global leader in market intelligence for digital identity and cybersecurity, today released its latest research report, which forecasts substantial growth in the Customer Identity and Access Management (CIAM) solutions market. The market is expected to rise from $6.2 billion in 2024 to an estimated $10.8 billion by 2028, marking a compound annual growth rate (CAGR) of 11.7%. This growth is driven by significant transformations within the industry, including vendor consolidation and the escalating need to integrate advanced security measures seamlessly with customer experience.
- New market analysis reveals that enhanced security and seamless customer experiences are still key drivers amid increasing identity data management complexities.
- NEW YORK, May 1, 2024 /PRNewswire/ -- Liminal, a global leader in market intelligence for digital identity and cybersecurity, today released its latest research report , which forecasts substantial growth in the Customer Identity and Access Management (CIAM) solutions market.
- Liminal's market survey reveals that 74% of businesses struggle with siloed identity data, impeding data privacy compliance and disrupting customer identity management across organizational divisions.
- Liminal's latest report, " The Market & Buyer's Guide to Customer Identity and Access Management ," explores these demand-side dynamics, providing insights into business challenges and priorities today.