Global Digital Identity Solutions Market Is Expected To Grow At A CAGR Of 17.5% During The Forecast Period

Zion Market Research has published a new report titled “Global Digital Identity Solutions Market – By Solution (Biometrics and Non-Biometrics), By Authentication Type (Single-Factor Authentication and Multi-Factor Authentication), By Deployment Mode (Cloud and On-Premises), By Organization Size (SMEs and Large Enterprises), By Vertical (Healthcare, Information Technology (IT) and Telecom, Government and Defense, Banking, Financial Services and Insurance (BFSI), Retail and eCommerce, Energy and Utility, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025.” According to the report, global demand for the Digital Identity Solutions market was valued over USD 13.10 billion in 2019 and is expected to reach a CAGR of 17.5% between 2019 and 2025.

Browse the full “Global Digital Identity Solutions Market – By Solution (Biometrics and Non-Biometrics), By Authentication Type (Single-Factor Authentication and Multi-Factor Authentication), By Deployment Mode (Cloud and On-Premises), By Organization Size (SMEs and Large Enterprises), By Vertical (Healthcare, Information Technology (IT) and Telecom, Government and Defense, Banking, Financial Services and Insurance (BFSI), Retail and eCommerce, Energy and Utility, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/digital-identity-solutions-market

On-premise category is expected to dominate to hold a large market share during the forecast period

On-premises deployment mode is expected to dominate the global Digital Identity Solutions market. The on-premises category is dominating due to its complete control and flexibility offered to organizations. The on-premises installation is preferred rather than the remote facilities owing to a one-time licensing fee and a service agreement provided. The increasing risks of cyberattacks have increased the inclination of business parties opting for on-premises owing to its high security.

Large enterprises category is expected to dominate to hold a large market share during the forecast period

Large enterprises are adopting more digital identity solutions as a result of the growing workforce and connected networking devices that are prone to more identity-related threats. In addition, the low budget constraints and increasing demand for solution through real-time access to data are also boosting the requirement for digital identity solutions in large enterprises. The cloud-based solutions are also anticipated to propel the demand for digital identity solutions in larger businesses owing to the detection of access risks, growing risks, and risk outliers. These factors will help augment the global Digital Identity Solutions market growth.

Asia Pacific is expected to significantly grow during the forecast period

Asia Pacific has emerging regions such as Japan, China, India, Singapore, and South Korea which have a number of advancements in businesses taking place. Moreover, the increasing risks of cyber frauds and identity & authentication frauds in the developing regions are expected to boost the demand for digital identity solutions. The rising implementation of digital identity solutions across verticals, including Banking, Financial Services and Insurance (BFSI), healthcare, government and defense verticals in China, Japan, and Singapore will further propel the global Digital Identity Solutions market growth. The increasing adoption of digital identity-based payment solutions for retail by enterprises is also expected to help Asia Pacific grow at the highest CAGR during the forecast period in the Digital Identity Solutions market.

Key Players:

Some of the key players of the global Digital Identity Solutions market include Thales Group, NEC, GBG PLC, Telus Corp., Jumio, Samsung SDS, IDEMIA, Refinitiv, ForgeRock, Vintegris Tech, Duo Security, AU10TIX, Tessi, Imageware Systems, Syntizen, Intesa (IBM), Verisec, Signicat, Smartmatic, and RaulWalter.

The report on the global Digital Identity Solutions market is segmented into:

Global Digital Identity Solutions Market: By Solution Segmentation Analysis

• Biometrics
• Non-Biometrics

Global Digital Identity Solutions Market: By Authentication Type Segmentation Analysis

• Single-Factor Authentication
• Multi-Factor Authentication

Global Digital Identity Solutions Market: By Deployment Mode Segmentation Analysis

• Cloud
• On-Premises

Global Digital Identity Solutions Market: By Organization Size Segmentation Analysis

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

Global Digital Identity Solutions Market: By Verticals Segmentation Analysis

• Banking, Financial Services and Insurance (BFSI)
• Retail and eCommerce
• Government and Defense
• Healthcare
• Information Technology (IT) and Telecom
• Energy and Utility
• Others

Global Digital Identity Solutions Market: By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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