PUBLISHER: Meticulous Research | PRODUCT CODE: 1184638
PUBLISHER: Meticulous Research | PRODUCT CODE: 1184638
Digital Identity Management Solutions Market by Type, Offering, Application, Identity Type, Authentication Type, Organization Size, Deployment Mode, Sector (BFSI, Retail & E-Commerce, Government & Defense, Healthcare, and Other Sectors)-Global Forecast to 2030.
The research report titled 'Digital Identity Management Solutions Market by Type, Offering, Application, Identity Type, Authentication Type, Organization Size, Deployment Mode, Sector (BFSI, Retail & E-Commerce, Government & Defense, Healthcare, and Other Sectors)-Global Forecast to 2030.' provides in-depth analysis of digital identity management solutions market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
The global digital identity management solutions market is expected to reach USD 70.8 billion by 2030, at a CAGR of 15.4% during the forecast period of 2023 to 2030. The growth of this market is mainly attributed to the increasing frequency & sophistication of authentication & identity frauds in the BFSI sector, government initiatives encouraging the adoption of digital identity management solutions, and the integration of biometric capabilities into mobile devices.
The study offers a comprehensive analysis of the global digital identity management solutions market by type, offering, application, identity type, authentication type, organization size, deployment mode, sector and geography.
The global digital identity management solutions market is segmented by type (identity verification & authentication solutions, digital KYC & onboarding solutions, zero trust security solutions, digital ID wallet solutions), offering (hardware [scanners & readers, cameras, smart cards, tokens], software, services [professional services, managed services]), application (workforce identity management, customer identity management, citizen digital identity management, machine identity management, other digital identity management applications [border control & fraud identification]), identity type(biometric solutions, non-biometric solutions), authentication type ( single-factor authentication, multi-factor authentication), organization size (small & medium-sized enterprises, large enterprises), deployment mode (on-premise deployment, cloud-based deployment), sector (BFSI, retail & e-commerce, government & defense, healthcare, IT & telecommunications, energy & utilities, tourism & hospitality, education, manufacturing, and other sectors). The study also evaluates industry competitors and analyzes the market at regional and country levels.
Based on type, the global digital identity management solutions market is segmented into identity verification & authentication solutions, digital KYC & onboarding solutions, zero trust security solutions, and digital ID wallet solutions. In 2023, the identity verification & authentication solutions segment is expected to account for the largest share of the global digital identity management solutions market. The segment's large share is attributed to the increasing government initiatives to launch identity verification programs, efforts from leading digital identity management solution providers to launch biometric authentication solutions, and the growing demand for biometric authentication solutions. This segment is expected to grow at the highest CAGR during the forecast period.
Based on authentication type, the global digital identity management solutions market is segmented into single-factor authentication and multi-factor authentication. In 2023, the multi-factor authentication segment is expected to account for the larger share of the global digital identity management solutions market. The large market share of this segment is attributed to the increasing adoption of multi-factor authentication solutions by organizations due to increasing identity thefts and data breaches and the growing demand for multi-layered passwords, security tokens, and biometric verification methods. This segment is expected to grow at the highest CAGR during the forecast period.
Based on organization size, the global digital identity management solutions market is segmented into small & medium-sized enterprises and large enterprises. In 2023, the large enterprises segment is expected to account for the larger share of the global digital identity management solutions market. The large market share of this segment is attributed to the strong IT infrastructure of large enterprises, a surge in data breaches and unauthorized access, and the growing adoption of advanced technologies such as AI for digital identity management solutions. This segment is expected to grow at the highest CAGR during the forecast period.
Based on geography, the global digital identity management solutions market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global digital identity management solutions market. Asia-Pacific's major market share is attributed to the increasing demand for digital identities for authenticating citizens, the rising demand for digital identity management solutions for accessing government services and identification, and the increasing efforts by leading market players to launch digital identity management solutions. This regional market is expected to register the highest CAGR during the forecast period.
The key players operating in the global digital identity management solutions market are Thales Group (France), NEC Corporation (Japan), IDEMIA (France), GB Group plc (U.K.), ForgeRock, Inc. (U.S.), Samsung SDS Co., Ltd. (South Korea), ImageWare Systems Incorporated (U.S.), Signicat (Norway), Syntizen Technologies Pvt. Ltd. (India), HashCash Consultants(U.S.), Jumio Corporation (U.S.), Vintegris, S.L. (Spain), Daon, Inc. (U.S.), Cloudflare, Inc. (U.S.), and Refinitiv Limited (a part of London Stock Exchange Group Plc).
Digital Identity Management Solutions Market, by Type
Digital Identity Management Solutions Market, by Offering
Digital Identity Management Solutions Market, by Application
Digital Identity Management Solutions Market, by Identity Type
Digital Identity Management Solutions Market, by Authentication Type
Digital Identity Management Solutions Market, by Organization Size
Digital Identity Management Solutions Market, by Deployment Mode
Digital Identity Management Solutions Market, by Sector
Digital Identity Management Solutions Market, by Geography