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Digital Identity Solutions Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 190 Pages
SKU # FOB19260810

Description

Digital Identity Solutions Market



Growth Factors of Digital Identity Solutions Market

The digital identity solutions market size was valued at USD 26.15 billion in 2022, and the market is now projected to grow from USD 30.81 billion in 2023 to USD 101.37 billion by 2030, exhibiting a CAGR of 18.5% during the forecast period of 2023-2030.

The situation caused by the COVID-19 pandemic that has forced people and businesses to switch to remote work and rely more on digital services has accelerated the introduction of secure and contactless identity verification. Companies embraced multiple-factor verification processes to protect valuable information, which inevitably boosted the digital identity solutions market growth. The necessity of contactless-performed commerce also accelerated investments in technologies including biometrics and tokenization. Strengthening protection at the market level ensured that newly emerging requirements were met.

The increasing stringency of identity solutions such as the GDPR (General Data Protection Regulation) and KYC (Know Your Customer) fosters the increased use of MFA and biometrics in the digital identity solutions market. These protocols are becoming incorporated into corporate systems as compliance requirements increase to safeguard information and prevent fines, driving the market. Regulation compliance and protection of business operations contribute to a digital identity solutions market share since more organizations apply these products and services.

However, digital identities are rapidly developing, complemented by the technological advancement of the mobile internet, especially smartphones, with the use of biometrics and multi-factor authentication (MFA). Biometric authentication increases security since the use of passwords and smart cards is augmented by another means of identification. With this increased smartphone use and the adoption of better forms of authentication, user verification in online platforms and services has become much more secure and easier.

Comprehensive Analysis of Digital Identity Solutions Market

The digital identity solutions market and information & communication technology industry are rising at an exponential rate due to its market segmentation. This market expansion effectively provides detailed regional assessments considering the dominant supply and demand forces that impact the information & communication technology industry. These segmentations are methodically segregated by type, by deployment, by enterprise type, by application and by industry. The type includes, Centralized and Decentralized. The deployment includes, Cloud, On-premises and Hybrid. The enterprise type includes, Small and Medium Enterprises (SMEs) and Large Enterprises. The application includes, Authentication, Authorization, Access and Lifecycle Management and Others (Accountability, Identity federation, etc.). The industry includes, BFSI, Automotive and Manufacturing, Energy and Resources, Healthcare, IT and Telecommunication and Others (E-commerce, etc.).

North America is leading in the digital identity solutions market since it has the most progressive environment, advanced legislation such as HIPAA and financial compliance obliges businesses to ensure proper identity verification. Further, concerns over cybersecurity threats and a culture supporting higher forms of authentication result in faster adoption of these solutions, policy compliance, protection of data and enhanced confidence in electronic transactions.

The key industry players in the market play a crucial role in the information & communication technology industry assuring industrial prospectus growth and setting market standards. These players include, IBM Corporation (U.S.), Thales (France), NEC Corporation (Japan), SailPoint Technologies, Inc. (U.S.), Samsung Group (South Korea), Saviynt Inc. (U.S.), TELUS Communications Inc. (Canada), ImageWare Systems, Inc. (U.S.), Daon, Inc. (U.S.) and ForgeRock, Inc. (U.S.). These market players provide a level-playing competitive landscape.

In November 2023, Certn bought out Trustmatic, a Europe-based company on remote ID verification to strengthen Certn’s biometric KYC services. With the help of Trustmatic’s facial biometric comparison technology and automated systems, Certn intended to enhance the identity verification process along with the prevention of fraud and the creation of duplicate accounts in various sectors.

Segmentation Table

Global Digital Identity Solutions Market Scope

Study Period 2017-2030

Base Year 2022

Forecast Period 2023-2030

Growth Rate CAGR of 18.5% from 2023 to 2030

Historical Period 2017-2021

Unit Value (USD Billion)

Segmentation By Type, Deployment, Enterprise Type, Application, Industry, and Region

By Type Centralized

Decentralized

By Deployment Cloud

On-premises

Hybrid

By Enterprise Type Small and Medium Enterprises (SMEs)

Large Enterprises

By Application Authentication

Authorization

Access and Lifecycle Management

Others (Accountability, Identity federation, etc.)

By Industry BFSI

Automotive and Manufacturing

Government and Public Services

Energy and Resources

Healthcare

IT and Telecommunication

Others (E-commerce, etc.)

By Region North America (By Type, By Deployment, By Enterprise Type, By Application, By Industry and By Country)
  • U.S. (By Industry)
  • Canada (By Industry)
  • Mexico (By Industry)
South America (By Type, By Deployment, By Enterprise Type, By Application, By Industry and By Country)
  • Brazil (By Industry)
  • Argentina (By Industry)
  • Rest of South America
Europe (By Type, By Deployment, By Enterprise Type, By Application, By Industry and By Country)
  • U.K. (By Industry)
  • Germany (By Industry)
  • France (By Industry)
  • Italy (By Industry)
  • Spain (By Industry)
  • Russia (By Industry)
  • Benelux (By Industry)
  • Nordics (By Industry)
  • Rest of Europe
Middle East & Africa (By Type, By Deployment, By Enterprise Type, By Application, By Industry and By Country)
  • Turkey (By Industry)
  • Israel (By Industry)
  • GCC (By Industry)
  • North Africa (By Industry)
  • South Africa (By Industry)
  • Rest of the Middle East & Africa
Asia Pacific (By Type, By Deployment, By Enterprise Type, By Application, By Industry and By Country)
  • China (By Industry)
  • India (By Industry)
  • Japan (By Industry)
  • South Korea (By Industry)
  • ASEAN (By Industry)
  • Oceania (By Industry)
  • Rest of Asia Pacific


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Table of Contents

190 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Digital Identity Solutions Key Players Market Share Insights and Analysis, 2022
5. Global Digital Identity Solutions Market Size Estimates and Forecasts, By Segments, 2017 – 2030
5.1. Key Findings
5.2. By Type (USD)
5.2.1. Centralized
5.2.2. Decentralized
5.3. By Deployment (USD)
5.3.1. Cloud
5.3.2. On-premises
5.3.3. Hybrid
5.4. By Enterprise Type (USD)
5.4.1. Small and Medium Enterprises (SMEs)
5.4.2. Large Enterprises
5.5. By Application (USD)
5.5.1. Authentication
5.5.2. Authorization
5.5.3. Access and Lifecycle Management
5.5.4. Others (Accountability, Identity federation, etc.)
5.6. By Industry (USD)
5.6.1. BFSI
5.6.2. Automotive and Manufacturing
5.6.3. Government and Public Services
5.6.4. Energy and Resources
5.6.5. Healthcare
5.6.6. IT and Telecommunication
5.6.7. Others (E-commerce, etc.)
5.7. By Region (USD)
5.7.1. North America
5.7.2. South America
5.7.3. Europe
5.7.4. Middle East & Africa
5.7.5. Asia Pacific
6. North America Digital Identity Solutions Market Size Estimates and Forecasts, By Segments, 2017 – 2030
6.1. Key Findings
6.2. By Type (USD)
6.2.1. Centralized
6.2.2. Decentralized
6.3. By Deployment (USD)
6.3.1. Cloud
6.3.2. On-premises
6.3.3. Hybrid
6.4. By Enterprise Type (USD)
6.4.1. Small and Medium Enterprises (SMEs)
6.4.2. Large Enterprises
6.5. By Application (USD)
6.5.1. Authentication
6.5.2. Authorization
6.5.3. Access and Lifecycle Management
6.5.4. Others (Accountability, Identity federation, etc.)
6.6. By Industry (USD)
6.6.1. BFSI
6.6.2. Automotive and Manufacturing
6.6.3. Government and Public Services
6.6.4. Energy and Resources
6.6.5. Healthcare
6.6.6. IT and Telecommunication
6.6.7. Others (E-commerce, etc.)
6.7. By Country (USD)
6.7.1. U.S.
6.7.1.1. By Industry
6.7.2. Canada
6.7.2.1. By Industry
6.7.3. Mexico
6.7.3.1. By Industry
7. South America Digital Identity Solutions Market Size Estimates and Forecasts, By Segments, 2017 – 2030
7.1. Key Findings
7.2. By Type (USD)
7.2.1. Centralized
7.2.2. Decentralized
7.3. By Deployment (USD)
7.3.1. Cloud
7.3.2. On-premises
7.3.3. Hybrid
7.4. By Enterprise Type (USD)
7.4.1. Small and Medium Enterprises (SMEs)
7.4.2. Large Enterprises
7.5. By Application (USD)
7.5.1. Authentication
7.5.2. Authorization
7.5.3. Access and Lifecycle Management
7.5.4. Others (Accountability, Identity federation, etc.)
7.6. By Industry (USD)
7.6.1. BFSI
7.6.2. Automotive and Manufacturing
7.6.3. Government and Public Services
7.6.4. Energy and Resources
7.6.5. Healthcare
7.6.6. IT and Telecommunication
7.6.7. Others (E-commerce, etc.)
7.7. By Country (USD)
7.7.1. Brazil
7.7.1.1. By Industry
7.7.2. Argentina
7.7.2.1. By Industry
7.7.3. Rest of South America
8. Europe Digital Identity Solutions Market Size Estimates and Forecasts, By Segments, 2017 – 2030
8.1. Key Findings
8.2. By Type (USD)
8.2.1. Centralized
8.2.2. Decentralized
8.3. By Deployment (USD)
8.3.1. Cloud
8.3.2. On-premises
8.3.3. Hybrid
8.4. By Enterprise Type (USD)
8.4.1. Small and Medium Enterprises (SMEs)
8.4.2. Large Enterprises
8.5. By Application (USD)
8.5.1. Authentication
8.5.2. Authorization
8.5.3. Access and Lifecycle Management
8.5.4. Others (Accountability, Identity federation, etc.)
8.6. By Industry (USD)
8.6.1. BFSI
8.6.2. Automotive and Manufacturing
8.6.3. Government and Public Services
8.6.4. Energy and Resources
8.6.5. Healthcare
8.6.6. IT and Telecommunication
8.6.7. Others (E-commerce, etc.)
8.7. By Country (USD)
8.7.1. U.K.
8.7.1.1. By Industry
8.7.2. Germany
8.7.2.1. By Industry
8.7.3. France
8.7.3.1. By Industry
8.7.4. Italy
8.7.4.1. By Industry
8.7.5. Spain
8.7.5.1. By Industry
8.7.6. Russia
8.7.6.1. By Industry
8.7.7. Benelux
8.7.7.1. By Industry
8.7.8. Nordics
8.7.8.1. By Industry
8.7.9. Rest of Europe
9. Middle East & Africa Digital Identity Solutions Market Size Estimates and Forecasts, By Segments, 2017 – 2030
9.1. Key Findings
9.2. By Type (USD)
9.2.1. Centralized
9.2.2. Decentralized
9.3. By Deployment (USD)
9.3.1. Cloud
9.3.2. On-premises
9.3.3. Hybrid
9.4. By Enterprise Type (USD)
9.4.1. Small and Medium Enterprises (SMEs)
9.4.2. Large Enterprises
9.5. By Application (USD)
9.5.1. Authentication
9.5.2. Authorization
9.5.3. Access and Lifecycle Management
9.5.4. Others (Accountability, Identity federation, etc.)
9.6. By Industry (USD)
9.6.1. BFSI
9.6.2. Automotive and Manufacturing
9.6.3. Government and Public Services
9.6.4. Energy and Resources
9.6.5. Healthcare
9.6.6. IT and Telecommunication
9.6.7. Others (E-commerce, etc.)
9.7. By Country (USD)
9.7.1. Turkey
9.7.1.1. By Industry
9.7.2. Israel
9.7.2.1. By Industry
9.7.3. GCC
9.7.3.1. By Industry
9.7.4. North Africa
9.7.4.1. By Industry
9.7.5. South Africa
9.7.5.1. By Industry
9.7.6. Rest of Middle East & Africa
10. Asia Pacific Digital Identity Solutions Market Size Estimates and Forecasts, By Segments, 2017 – 2030
10.1. Key Findings
10.2. By Type (USD)
10.2.1. Centralized
10.2.2. Decentralized
10.3. By Deployment (USD)
10.3.1. Cloud
10.3.2. On-premises
10.3.3. Hybrid
10.4. By Enterprise Type (USD)
10.4.1. Small and Medium Enterprises (SMEs)
10.4.2. Large Enterprises
10.5. By Application (USD)
10.5.1. Authentication
10.5.2. Authorization
10.5.3. Access and Lifecycle Management
10.5.4. Others (Accountability, Identity federation, etc.)
10.6. By Industry (USD)
10.6.1. BFSI
10.6.2. Automotive and Manufacturing
10.6.3. Government and Public Services
10.6.4. Energy and Resources
10.6.5. Healthcare
10.6.6. IT and Telecommunication
10.6.7. Others (E-commerce, etc.)
10.7. By Country (USD)
10.7.1. China
10.7.1.1. By Industry
10.7.2. Japan
10.7.2.1. By Industry
10.7.3. India
10.7.3.1. By Industry
10.7.4. South Korea
10.7.4.1. By Industry
10.7.5. ASEAN
10.7.5.1. By Industry
10.7.6. Oceania
10.7.6.1. By Industry
10.7.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. IBM Corporation
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Thales
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. NEC Corporation
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. SailPoint Technologies, Inc.
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Samsung Group
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. Saviynt Inc.
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. TELUS Communications Inc.
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. ImageWare Systems, Inc.
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Daon, Inc.
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. ForgeRock, Inc.
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments
12. Key Takeaways

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