Digital Identity Solution Market
Global Digital Identity Solution Market Size, Share & Trends Analysis Report by Component(Solutions and Services), by Solution Type (Biometrics and Non-Biometrics), By Deployment Mode (Cloud and On-premise), By Authentication Type (Single Factor Authentication And Multi-Factor Authentication), and By Industry Vertical (BFSI, Healthcare, Travel & Hospitality, Government, Defense & Aerospace, IT & Telecommunication, Retail & E-Commerce, Education, and Others) Forecast Period (2022-2028)
The global digital identity solution market is anticipated to grow at a significant CAGR of 16.2% during the forecast period. The rising number of data thefts and data frauds is increasing the use of digital identity solutions which contributes towards the growth of digital identity solution market across the globe. The Identity Theft Research Center (ITRC) reports a record number of data compromises in the US in 2021, amount to a 68 percent increase over 2020. According to the Aite-Novarica Group, 47 percent of Americans experienced financial identity theft in 2020. Due to increasing identity-related frauds many companies have started adopting digital identity solutions for identification and authentication to manage security. Apart from these, the implementation of digital identity features such as fingerprint and facial recognition in smartphones is further expected to create its scope during the forecast period.
Besides these facts, the implementing cost for digital identity solutions are high which may affects the adoption of digital identity solutions among small market players. Further, lack of skilled professionals is also a factor restraining the growth of digital identity solution market across the globe during the forecast period.
Impact of COVID-19 Pandemic on Global Digital Identity Solution Market
During COVID-19 there was complete shutdown due to government strict rules and restrictions to stop the spread of virus among the people. Due to shutdown of enterprises, the demand for digital identity solutions was decreased and due to shutdown of manufacturing units there was declined in the production of digital identity solutions which led to overall declined in growth of global digital identity solution market.
Segmental Outlook
The global digital identity solution market is segmented based on the component, solution type, deployment mode, authentication type, and industry vertical. Based on the component, the market is segmented into solutions and services. Based on the solution type, the market is sub-segmented into the biometrics and non-biometrics. Based on the deployment mode, the market is sub-segmented into cloud and on-premise.Based on the authentication type, the market is sub-segmented into single factor authentication and multi-factor authentication. Based on the industry vertical, the market is sub-segmented into BFSI, healthcare, travel & hospitality, government, defense & aerospace, IT & telecommunication, retail & e-commerce, education, and others.
Global Digital Identity Solution Market Share by Component, 2021 (%)
The Biometrics Sub-Segment is Expected to Holds the Prominent Share in the Global Digital Identity Solution Market
By Component, the Biometrics segment is expected to hold the highest share in global digital identity solution market during the forecast period. The biometrics solutions capture the unique biometric of an individual which provide access to a many services. Biometric solutions are highly secure over the conventional authentication systems which increases the demand of biometric solutions in corporate world. For instance, SAFR from RealNetworks is introducing the new SAFR SCAN touchless biometric access control product for commercial and office settings at ISC West 2022 in Las Vegas. Additionally, CDVI has brought its face biometrics to the global access control market with an integrated unit called ‘iface.’ iface is detailed as a facial recognition system that can perform 1:N comparisons for 10,000 subjects in less than one second.
Regional Outlooks
The global digital identity solution market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).
Global Digital Identity Solution Market Growth, by Region 2022-2028
The Asia-Pacific Region Holds the Major Share in the Global Digital Identity Solution Market.
Geographically, Asia-Pacific region is expected to hold significant share in growth of global digital identity solution market due to rising cyber frauds due to which the need for authentication has been increased and that has led to the increased implementation of digital identity solutions in the Asia-Pacific region. Moreover, the governments are also focusing on protecting the identities of the national citizens which has led to high investments in digital identity solutions market which boosts the market growth during the forecast period. For instance, in November 2021, Zwipe launched a two-factor authentication solution for access control based on its biometric authentication technology platform.
Market Players Outlook
The major companies serving the global Digital Identity Solution market include NEC Corp., Samsung SDS Co., Ltd., THALES, GB Group plc., TELUS, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2021, Monotech Systems launched a track and trace authentication solution called Tracesci. Tracesci features high-level authentication and tracking which enables both brand owners and consumers to grab on counterfeiting more effectively. It is a SaaS platform powered by blockchain that provides brand owners, deep consumers, and supply chain insights regarding their products like real-time GPS location, scanning pattern, and suspicious activity alerts.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital identity solution market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1.Report Summary
?Current Industry Analysis and Growth Potential Outlook
?Impact of COVID-19 on the Global Digital Identity Solution Market
?Recovery Scenario of Global Digital Identity Solution Market
1.1.Research Methods and Tools
1.2.Market Breakdown
1.2.1.By Segments
1.2.2.BY Region
2.Market Overview and Insights
2.1.Scope of the Report
2.2.Analyst Insight & Current Market Trends
2.2.1.Key Findings
2.2.2.Recommendations
2.2.3.Conclusion
3.Competitive Landscape
3.1.Key Company Analysis
3.2. NEC Corp.
3.2.1.Overview
3.2.2.Financial Analysis
3.2.3.SWOT Analysis
3.2.4.Recent Developments
3.3.Samsung SDS Co., Ltd.
3.3.1.Overview
3.3.2.Financial Analysis
3.3.3.SWOT Analysis
3.3.4.Recent Developments
3.4.THALES Group
3.4.1.Overview
3.4.2.Financial Analysis
3.4.3.SWOT Analysis
3.4.4.Recent Developments
3.5.GB Group plc.
3.5.1.Overview
3.5.2.Financial Analysis
3.5.3.SWOT Analysis
3.5.4.Recent Developments
3.6.TELUS International
3.6.1.Overview
3.6.2.Financial Analysis
3.6.3.SWOT Analysis
3.6.4.Recent Developments
3.7.Key Strategy Analysis
3.8.Impact of Covid-19 on Key Players
4.Market Segmentation
4.1.Global Digital Identity Solution Market by Component
4.1.1.Solutions
4.1.2.Services
4.2.Global Digital Identity Solution Market by Solution Type
4.2.1.Biometrics
4.2.2.Non-Biometrics
4.3.Global Digital Identity Solution Market by Deployment Mode
4.3.1.Cloud
4.3.2.On-premise
4.4.Global Digital Identity Solution Market by AuthenticationType
4.4.1.Single Factor Authentication
4.4.2.Multi-Factor Authentication
4.5.Global Digital Identity Solution Market by Industry Vertical
4.5.1.BFSI
4.5.2.Healthcare
4.5.3.Travel & Hospitality
4.5.4.Government
4.5.5.Defense & Aerospace
4.5.6.IT & Telecommunication
4.5.7.Retail & E-Commerce
4.5.8.Education
4.5.9.Others
5.Regional Analysis
5.1.North America
5.1.1.US
5.1.2.Canada
5.2.Europe
5.2.1.UK
5.2.2.Germany
5.2.3.Italy
5.2.4.Spain
5.2.5.France
5.2.6.Rest of Europe
5.3.Asia-Pacific
5.3.1.China
5.3.2.India
5.3.3.Japan
5.3.4.South Korea
5.3.5.Rest of Asia-Pacific
5.4.Rest of the World
6.Company Profiles
6.1.Au10tix
6.2.Cisco Systems, Inc.
6.3.Daon, Inc.
6.4.ForgeRock
6.5.Freja eID Group AB (publ)
6.6.Good Digital Identity
6.7.Hashcash Consultants LLC
6.8.IDEMIA
6.9.ID R&D
6.10.Imageware Systems, Inc.
6.11.iProov
6.12.Jumio Corp.
6.13.OneSpan
6.14.RaulWalter LLC
6.15.Refinitiv Ltd.
6.16.Signicat
6.17.Smartmatic-group
6.18.Syntizen Technologies Pvt. Ltd.
6.19.Tessi
6.20.Víntegris S.L.U.
1.GLOBAL DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2.GLOBAL DIGITAL IDENTITY SOLUTION BY SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3.GLOBAL DIGITAL IDENTITY SOLUTION BY SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4.GLOBAL DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY SOLUTION TYPE, 2021-2028 ($ MILLION)
5.GLOBAL DIGITAL IDENTITY BIOMETRICS SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6.GLOBAL DIGITAL IDENTITY NON-BIOMETRICS SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7.GLOBAL DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
8.GLOBAL CLOUD BASED DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION) On-premise
9.GLOBAL ON-PREMISE DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10.GLOBAL DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY AUTHENTICATION TYPE, 2021-2028 ($ MILLION)
11.GLOBAL SINGLE FACTOR AUTHENTICATION DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12.GLOBAL MULTI-FACTOR AUTHENTICATION DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13.GLOBAL DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2021-2028 ($ MILLION)
14.GLOBAL DIGITAL IDENTITY SOLUTION FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15.GLOBAL DIGITAL IDENTITY SOLUTION FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16.GLOBAL DIGITAL IDENTITY SOLUTION FOR TRAVEL & HOSPITALITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17.GLOBAL DIGITAL IDENTITY SOLUTION FOR GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18.GLOBAL DIGITAL IDENTITY SOLUTION FOR DEFENSE & AEROSPACE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19.GLOBAL DIGITAL IDENTITY SOLUTION FOR IT & TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20.GLOBAL DIGITAL IDENTITY SOLUTION FOR RETAIL & E-COMMERCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
21.GLOBAL DIGITAL IDENTITY SOLUTION FOR EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
22.GLOBAL OTHERS DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
23.GLOBAL DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
24.NORTH AMERICAN DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25.NORTH AMERICAN DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
26.NORTH AMERICAN DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY SOLUTION TYPE, 2021-2028 ($ MILLION)
27.NORTH AMERICAN DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
28.NORTH AMERICAN DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY AUTHENTICATION TYPE, 2021-2028 ($ MILLION)
29.NORTH AMERICAN DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2021-2028 ($ MILLION)
30.EUROPEAN DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31.EUROPEAN DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
32.EUROPEAN DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY SOLUTION TYPE, 2021-2028 ($ MILLION)
33.EUROPEAN DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
34.EUROPEAN DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY AUTHENTICATION TYPE, 2021-2028 ($ MILLION)
35.EUROPEAN DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2021-2028 ($ MILLION)
36.ASIA-PACIFIC DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
37.ASIA-PACIFIC DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
38.ASIA-PACIFIC DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY SOLUTION TYPE, 2021-2028 ($ MILLION)
39.ASIA-PACIFIC DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
40.ASIA-PACIFIC DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY AUTHENTICATION TYPE, 2021-2028 ($ MILLION)
41.ASIA-PACIFIC DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2021-2028 ($ MILLION)
42.REST OF THE WORLD DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
43.REST OF THE WORLD DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
44.REST OF THE WORLD DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY SOLUTION TYPE, 2021-2028 ($ MILLION)
45.REST OF THE WORLD DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2021-2028 ($ MILLION)
46.REST OF THE WORLD DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY AUTHENTICATION TYPE, 2021-2028 ($ MILLION)
47.REST OF THE WORLD DIGITAL IDENTITY SOLUTION MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2021-2028 ($ MILLION)
1.IMPACT OF COVID-19 ON GLOBAL DIGITAL IDENTITY SOLUTION MARKET, 2021-2028 ($ MILLION)
2.IMPACT OF COVID-19 ON GLOBAL DIGITAL IDENTITY SOLUTION MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3.RECOVERY OF GLOBAL DIGITAL IDENTITY SOLUTION MARKET, 2022-2028 (%)
4.GLOBAL DIGITAL IDENTITY SOLUTION MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
5.GLOBAL DIGITAL IDENTITY SOLUTION BY SOLUTIONS MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
6.GLOBAL DIGITAL IDENTITY SOLUTION BY SERVICES MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
7.GLOBAL DIGITAL IDENTITY SOLUTION MARKET SHARE BY SOLUTION TYPE, 2021 VS 2028 (%)
8.GLOBAL DIGITAL IDENTITY BIOMETRICS SOLUTION MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
9.GLOBAL DIGITAL IDENTITY NON-BIOMETRICS SOLUTION MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
10.GLOBAL DIGITAL IDENTITY SOLUTION MARKET SHARE BY DEPLOYMENT MODE, 2021 VS 2028 (%)
11.GLOBAL CLOUD BASED DIGITAL IDENTITY SOLUTION MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
12.GLOBAL ON-PREMISE DIGITAL IDENTITY SOLUTION MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
13.GLOBAL DIGITAL IDENTITY SOLUTION MARKET SHARE BY AUTHENTICATION TYPE, 2021 VS 2028 (%)
14.GLOBAL SINGLE FACTOR AUTHENTICATION DIGITAL IDENTITY SOLUTION MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
15.GLOBAL MULTI-FACTORAUTHENTICATION DIGITAL IDENTITY SOLUTION MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
16.GLOBAL DIGITAL IDENTITY SOLUTION MARKET SHARE BY INDUSTRY VERTICAL, 2021 VS 2028 (%)
17.GLOBAL DIGITAL IDENTITY SOLUTION FOR BFSI MARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
18.GLOBAL DIGITAL IDENTITY SOLUTION FOR HEALTHCAREMARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
19.GLOBAL DIGITAL IDENTITY SOLUTION FOR TRAVEL & HOSPITALITYMARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
20.GLOBAL DIGITAL IDENTITY SOLUTION FOR GOVERNMENTMARKET SHAREBY GEOGRAPHY, 2021 VS 2028 (%)
21.GLOBAL DIGITAL IDENTITY SOLUTION FOR DEFENSE & AEROSPACEMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22.GLOBAL DIGITAL IDENTITY SOLUTION FOR IT & TELECOMMUNICATIONMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23.GLOBAL DIGITAL IDENTITY SOLUTION FOR RETAIL & E-COMMERCEMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
24.GLOBAL DIGITAL IDENTITY SOLUTION FOR EDUCATIONMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
25.GLOBAL OTHERSDIGITAL IDENTITY SOLUTION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
26.GLOBAL DIGITAL IDENTITY SOLUTION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
27.US DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
28.CANADA DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
29.UK DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
30.FRANCE DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
31.GERMANY DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
32.ITALY DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
33.SPAIN DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
34.REST OF EUROPE DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
35.INDIA DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
36.CHINA DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
37.JAPAN DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
38.SOUTH KOREA DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
39.REST OF ASIA-PACIFIC DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
40.REST OF THE WORLD DIGITAL IDENTITY SOLUTION MARKET SIZE, 2021-2028 ($ MILLION)
