The global digital identity solutions market size is expected to reach USD 98.64 billion by 2030 and is expected to expand at 16.0% CAGR from 2025 to 2030, according to a new report by Grand View Research, Inc. The upsurge in identity-related fraudulent activities, data breaches, and the requirement to abide by various upcoming regulatory frameworks are expected to drive the growth of the market.
One of the key factors driving the digital identity solutions industry is focused on improving the end-to-end customer experience. Enterprises have a large workforce and many vital resources; knowing the identity of these resources before providing access to them is the earliest consideration. As a result, businesses with multiple establishments are compelled to use digital identity solutions to validate the identity of their personnel accessing data.
The growing demand for good digital governance is expected to drive the market for digital identity solutions. Many regions of the world are seeing an increase in the importance of digital management. Many nations are enhancing their digital infrastructure so that people can benefit from various government initiatives and activities. Utilizing digital IDs speeds up the delivery of the scheme to the intended recipient and helps with identification verification.
For instance, in October 2021, Socure, a global supplier of digital identity verification and fraud solutions, announced the launch of its public sector division. The company intends to improve access to government digital services while also eliminating digital fraud.
Gather more insights about the market drivers, restrains and growth of the Digital Identity Solutions Market
Digital Identity Solutions Market Report Highlights
• Based on deployment, the on-premises segment led the market with the largest revenue share of 56.9% in 2024. The need to secure confidential and private data within the organization drives the demand
• The services segment is expected to grow at the fastest CAGR of 17.9% during the forecast period. Despite the faster growth rate, the solutions are expected to hold the larger share of total revenues
• North America dominated the digital identity solutions market with the largest revenue share of 38.5% in 2024
Digital Identity Solutions Market Segmentation
Grand View Research has segmented the global digital identity solutions market report based on component, identity type, solution type, organization size, vertical, deployment, and region:
Digital Identity Solutions Component Outlook (Revenue, USD Billion, 2017 - 2030)
• Solutions
o Hardware
o Software
• Services
Digital Identity Solutions Identity Type Outlook (Revenue, USD Billion, 2017 - 2030)
• Biometric
o Fingerprint Recognition
o Facial Recognition
o Iris Recognition
o Voice Recognition
o Palm/Hand Recognition
o Others
• Non-biometric
Digital Identity Solutions Solution Type Outlook (Revenue, USD Billion, 2017 - 2030)
• Identity Verification
• Authentication
o Single-factor Authentication
o Multi-factor Authentication
• Identity Lifecycle Management
• Other
Digital Identity Solutions Organization Size Outlook (Revenue, USD Billion, 2017 - 2030)
• Large Enterprises
• SMEs
Digital Identity Solutions Vertical Outlook (Revenue, USD Billion, 2017 - 2030)
• Banking, Financial Services, and Insurance
• Retail & Ecommerce
• Travel & Hospitality
• Government & Defence
• Healthcare
• IT & Telecommunication
• Energy & Utilities
• Others
Digital Identity Solutions Deployment Outlook (Revenue, USD Billion, 2017 - 2030)
• On-premises
• Cloud
Digital Identity Solutions Regional Outlook (Revenue, USD Billion, 2017 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
• Latin America
o Brazil
• MEA
o UAE
o South Africa
o KSA
Order a free sample PDF of the Digital Identity Solutions Market Intelligence Study, published by Grand View Research.