The global Digital Identity Solution Market research report 2030, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Digital Identity Solution market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that global digital identity solution market is expected to reach the value of USD 117,428.81 million by 2030, at a CAGR of 19.8% during the forecast period.
Top Companies in the Global Digital Identity Solution Market:
NEC Corporation, Thales, Okta, Cisco Systems, Inc., IDEMIA , Oracle, Microsoft, IBM, Avanade Inc., SAMSUNG SDS., Jumio, Ping Identity, GB Group plc, Refinitiv, ForgeRock, CyberArk Software Ltd., Smartmatic., OneSpan, TELUS International, AU10TIX, Daon Inc., Polygon Labs UI Ltd., Identity Automation, iProov, Ontology, Dock Labs AG, Euronovate Group, Civic Technologies, Inc., Bitfury Group Limited, FRACTAL ID, ID R&D INC., Worldcoin, SelfKey, TECH5, Serto, walt.id GmbH, ETHEREUM, RaulWalter LLC, Netki, Inc, KILT, GOOD DIGITAL IDENTITY, BRIGHTID, PHOTOCHROMIC, Tessi, The Linux Foundation, REMME CAPITAL LTD., Energy Web, Syntizen Technologies Pvt. Ltd., among others.
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Market Segmentation:
Global digital identity solution market is segmented on the basis of vertical, end-user, identity type, identity framework, web type, organization size, solution type, offering, and deployment mode. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Identity Framework
• Centralized
• Decentralized
On the basis of identity framework, the global digital identity solution market is segmented into centralized and decentralized.
Web Type
• Web 2
• Web 3
On the basis of web type, the global digital identity solution market is segmented into web 2 and web 3.
End-User
• Enterprise
• Individual
On the basis of end user, the global digital identity solution market is segmented into enterprise and individual.
Offering
• Solution
• Services
On the basis of offering, the global digital identity solution market is segmented into solution and services.
Solution Type
• Authentication
• Identity Verification
• Identity Lifecycle
• Management
• Others
On the basis of solution type, the global digital identity solution market is segmented into authentication, identity verification, identity lifecycle management, and others.
Identity Type
• Biometric
• Non-Biometric
On the basis of identity type, the global digital identity solution market is segmented into biometric and non-biometric.
Deployment Mode
• On-Premise
• Cloud
On the basis of deployment mode, the global digital identity solution market is segmented into on-premise and cloud.
Organization Size
• Large Enterprises
• Small & Medium Enterprise
On the basis of organization, the global digital identity solution market is segmented into size large enterprises and small & medium enterprise.
Vertical
• Banking
• Financial Services, and Insurance
• IT & Telecommunication
• Government & Defense
• Retail & E-Commerce
• Healthcare, Energy & Utilities
• Media & Entertainment
• Travel & Hospitality
• Gaming
• Others
On the basis of vertical, the global digital identity solution market is segmented into banking, financial services, and insurance, IT & telecommunication, government & defense, retail & e-commerce, healthcare, energy & utilities, media & entertainment, travel & hospitality, gaming, and others.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Germany has one of the largest and strongest economies in Europe. A robust economy provides the resources and investment opportunities necessary to develop and deploy advanced digital identity solutions. The U.K. has a strong tradition of technological innovation and a thriving tech ecosystem, particularly in cities, such as London. This environment can foster the development of cutting-edge digital identity solutions. France, as the rest of the European Union (EU), operates under the General Data Protection Regulation (GDPR), which emphasizes data privacy and security. A strong regulatory framework can encourage the development of trustworthy digital identity solutions.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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https://www.databridgemarketresearch.com/reports/global-digital-identity-solution-market
Market Dynamics
Drivers
• Increase in Identity-Related Fraud and Data Breaches
The increase in identity-related fraud and data breaches is a significant driver of the global digital identity solution market. The growing awareness of the vulnerabilities in traditional identity systems has prompted businesses and organizations to seek more secure and advanced digital identity solutions to protect against fraud and data breaches. As a result, the demand for digital identity solutions, which offer enhanced security and authentication mechanisms, has surged to mitigate these risks. Identity-related fraud, including identity theft, account takeover, and impersonation, has been on the rise in recent years. Cybercriminals are becoming increasingly sophisticated, making it easier for them to exploit vulnerabilities in traditional identity verification methods. This surge in fraudulent activities has put individuals, businesses, and organizations at greater risk.
• Growing Adoption of Digital Technologies with Advent of Connected Devices/Technologies
The growing adoption of digital technologies, particularly with the advent of connected devices and technologies, plays a pivotal role as a driver for the global digital identity solution market. The need for secure and convenient identity verification becomes increasingly critical as the digital landscape expands and becomes more integrated into daily life. The proliferation of IoT devices, mobile applications, and online services has created a complex web of digital interactions, heightening the demand for reliable and robust digital identity solutions. These solutions enable businesses and individuals to authenticate and verify identities securely and seamlessly, ensuring data privacy and protection while facilitating the benefits of a digitally connected world. As a result, the global digital identity solution market continues to witness substantial growth, driven by the imperative of securely navigating the evolving digital ecosystem.
Opportunity
• Advances in Biometrics and Artificial Intelligence (AI)
Advances in biometrics and artificial intelligence (AI) are a major opportunity for the global digital identity solution market. Biometrics are unique physical or behavioral characteristics that can be used to identify individuals. AI can be used to analyze biometric data and identify patterns that can be used to verify identity. This combination of biometrics and AI is making it possible to develop more secure and convenient digital identity solutions. For instance, biometric authentication can be used to replace passwords and other traditional authentication methods. This can make it easier for people to access their accounts and services, while also making it more difficult for unauthorized users to gain access.
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