Future of Global Digital Identity Solutions Market Along with Key Drivers, Major Manufactures, Business Insights, Trends and Forecast 2027

Digital Identity Solutions Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of digital identity solutions market by by component (solutions, services), deployment (cloud, on-premise), authentication type (single, multi-factor authentication), enterprise size (large, small & medium enterprises), end user (bfsi, it & telecommunication, healthcare) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the digital identity solutions market it includes the five years Industry analysis and the 6 years annual forecast from 2021 to 2027.

Some of the prominent participants in the global digital identity solutions market are Thales Group, Samsung SDS, NEC Corporation, Jumio Corporation, GB Group plc, Telus Corporation, Signicat AS, Freja eID Group AB, Víntegris S.L.U., and ABC Technologies B.V. (Au10tix). The global digital identity solutions market is projected to grow at a CAGR of 16.6% over the forecast period of 2021-2027, growing from nearly USD 16 billion in 2020 to about USD 46.3 billion in 2027.

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Digital Identity Solutions Market: Drivers, Restrain and Opportunities

The growing concerns regarding fraud and identity theft are expected to majorly drive the growth of the digital identity solutions market. The incidences of identity theft and fraud have increased over the past few years. The consumer and employee are prone to identity theft and data breaches. Thus, the demand to protect such individuals has increased in the recent past.

Moreover, the rise in the digitalization of many public and private organizations is anticipated to boost market growth. Organizations are becoming digitalized by transforming their functions from analog to digital. Digital identity solutions help organizations seamlessly transform the identity data of their stakeholders into digital format. However, the lack of standardization of identity authentication solutions is one of the key challenges for the market. On the other hand, the growing adoption of advanced technologies such as AI, big data, and IoT in digital identity solutions is expected to offer growth opportunities during the forecast period.

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North America Generated the Largest Revenue in the Digital Identity Solutions Market

In terms of geography, North America generated the largest revenue in the digital identity solutions market. Countries such as the US, and Canada are majorly driving the growth of the digital identity solutions market in North America. The higher digitization across industries such as healthcare, banking, financial services and insurance (BFSI), and government organizations is mainly contributing to the dominance of North America in the global market.

On the other hand, Asia Pacific is anticipated to witness a rapid growth in the market owing to growing threats of fraud to many organizations. Moreover, the improving economic conditions and rapid industrialization in Asian countries are expected to boost the demand for digital identity solutions over the forecast period.

Digital Identity Solutions Market: Segmentation

The report on global digital identity solutions market covers segments such as component, deployment, authentication type, enterprise size, and end user. On the basis of component, the sub-markets include solutions, and services. On the basis of deployment, the sub-markets include cloud, and on-premise. On the basis of authentication type, the sub-markets include single-factor authentication, and multi-factor authentication. On the basis of enterprise size, the sub-markets include large enterprises, and small & medium enterprises (SMEs). On the basis of end user, the sub-markets include BFSI, IT & telecommunication, healthcare, government and defense, energy and utilities, and others.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the digital identity solutions.

=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.