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Digital Identity Solutions Market Growth & Forecast: $49.5 billion by 2026

07-07-2022 09:43 AM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Digital Identity Solutions Market Trends

Digital Identity Solutions Market Trends

According to a new market research report "Digital Identity Solutions Market with Covid-19 Impact Analysis by Component (Solutions and Services), Solution Type (Biometrics and Non-Biometrics), Authentication Type, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, , the digital identity solutions market size projected to grow from USD 23.3 Billion in 2021 to USD 49.5 Billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 16.2% from 2021 to 2026.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=247527694

The Digital Identity Solutions Market growth can be attributed to the increase in instances of identity-related frauds and data breaches and the need for compliance with various upcoming regulations.

Browse in-depth TOC on "Digital Identity Solutions Market with Covid-19 Impact Analysis"
419- Tables
51- Figures
316- Pages

Based on solution type, the Biometric segment is estimated to lead the market in 2021.

Based on solution type, the digital identity solutions market has been bifurcated into two segments: biometrics and non-biometrics. These solutions play a vital role in every organization. Most organizations are moving toward digitalization and cloud-based infrastructure, which help them drive businesses forward and strengthen customer relationships. Biometric segments market to hold the largest market share in the digital identity solutions market.

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Based on Vertical, Retail and eCommerce segment is estimated to lead the market in 2021.

Retail and eCommerce is growing at an unprecedented rate in North America, Europe, and APAC. This vertical is targeted to extract highly confidential and sensitive data of critical sectors, including government, prime contractors, and suppliers.

North America is expected to hold the largest market share during the forecast period.

North America is considered the most mature market in terms of adopting digital identity solutions, due to factors such as the rise in identity and authentication frauds and the presence of key vendors in the region. Cyber threat is becoming a global issue right from individuals to large enterprises. Companies of all sizes are focused on removing security gaps and vulnerabilities from their critical business applications and network infrastructure. Both SMEs and large enterprises are adopting digital identity solutions to maintain the physical security of infrastructure.

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/digital-identity-solutions-market-247527694.html

Market Players

Major players, namely, include NEC (Japan), Samsung SDS (South Korea), Thales Group (France), GBG (UK), TELUS (Canada), Tessi (France), Daon (US), IDEMIA (France), ForgeRock (US), Jumio (US), iProov (UK), ID R&D (US), Refinitiv (UK), ImageWare Systems (US), OneSpan (US), Smartmatic (UK), Verisec (Sweden), Vintegris (Spain), AU10TIX (Cyprus), Signicat (Norway), RaulWalter (Estonia), Duo Security (US), Syntizen (India), HashCash Consultants (US), and Good Digital Identity (Czech Republic).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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