Digital Identity Solutions Market Size, Share Report, Analysis, Trends, Growth, 2032

Digital Identity Solutions Market Insights

According to Zion Market Research, the global Digital Identity Solutions Market was worth USD 32.14 Million in 2023. The market is forecast to reach USD 130.22 Million by 2032, growing at a compound annual growth rate (CAGR) of 16.82% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Digital Identity Solutions industry over the next decade.

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This report analyzes and estimates the Digital Identity Solutions market at the global, regional, and country level. The research study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion). The report offers detailed insights of the Digital Identity Solutions market drivers and restraints along with their impact analysis at global level from 2016 to 2026.

The report covers in-depth analysis of the strategies adopted by major competitors in the global Digital Identity Solutions market. To understand the competitive landscape in the global Digital Identity Solutions market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.

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The research study provides a decisive view on the global Digital Identity Solutions market based on Solution, Deployment Mode, Organization Size, Authentication Type, Vertical, and Region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.

Digital Identity Solutions Market: Growth Factors

The key factors fuelling the global Digital Identity Solutions market include the growing focus on advancing end-to-end customer experience. The increasing risks of cyberattacks have increased the inclination of business parties opting for on-premises owing to its high security. These factors are anticipated to help propel the global Digital Identity Solutions market growth.

The affordable prices and easy installation of on-premises help increase the demand for digital identity solutions across various regions. Moreover, the rising awareness about identity and authentication-related frauds has increased the integration of digital identity solutions across verticals, including healthcare, Banking, Financial Services and Insurance (BFSI), government and defense verticals. This factors has increased the adoption of digital identity solutions, thereby surging the growth of the targeted market.

Digital Identity Solutions Market: Report Scope

Digital Identity Solutions Market: Segmentation

Based on solution, the global Digital Identity Solutions market is divided into Biometrics and Non-Biometrics. In terms of authentication type, the market for digital identity solutions is segregated into Single-Factor Authentication and Multi-Factor Authentication.

By deployment mode, the market is sectored into Cloud and On-Premises. On the basis of organization size, the global Digital Identity Solutions market is categorized into SMEs and Large Enterprises. Based on vertical, the market is classified into Healthcare, Information Technology (IT) and Telecom, Government and Defense, Banking, Financial Services, and Insurance (BFSI), Retail and eCommerce, Energy and Utility, and Others.

The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, the UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.

Digital Identity Solutions Market: Competitive Players

Some of the key players in 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
• RaulWalter.

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

By Solution

• Biometrics
• Non-Biometrics

By Authentication

• Single-Factor Authentication
• Multi-Factor Authentication

By Deployment Mode

• Cloud
• On-Premises

By Organization Size

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

By Verticals

• 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