Digital Identity Market SWOT Analysis, Emerging Trends, Key Players And Outlook Report 2023 - 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Digital Identity Market Size, Growth Rate, And Forecast
The global digital identity market size grew from $23.63 billion in 2022 to $27.19 billion in 2023 at a compound annual growth rate (CAGR) of 15.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital identity market size is expected to grow to $48.51 billion in 2027 at a CAGR of 15.6%.

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Digital Identity Market Drivers
An increase in instances of identity-related fraud and data breaches is contributing to the growth of the digital identity market. Identity fraud is a crime in which someone wrongfully obtains and uses other individuals' data in some way that involves fraud and deception for economical gain. Industries across the globe are adopting advanced digital identity solutions to effectively mitigate identity-related fraud and thefts. According to a study published by The Consumer Centinal Network, the volume of identity theft or fraud-related complaints across the United States increased by 113% from 2019 to 2020. Thus, the rise in identity-related fraud and data breaches is expected to boost the digital identity market during the forecast period.

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Digital Identity Market Segments
1) By Component: Solutions, Services
2) By Type: Single-factor Authentication, Multi-factor Authentication
3) By Deployment Type: Cloud, On-Premises
4) By Organization Size: Large Enterprises, SMEs
5) By Vertical: BFSI, Retail and eCommerce, Government and Defense, Healthcare, IT and ITeS, Telecommunications, Energy and Utilities, Other Verticals

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Digital Identity market.

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Digital Identity Market Key Players
Major competitors in the Digital Identity market include NEC Corporation, Samsung SDS, Thales Group, GBG, Telus, Tessi, IDEMIA, ForgeRock, Jumio, ImageWare Systems, iProov, Daon, ID R&D, Refinitiv, Duo Security, Syntizen Technologies Pvt Ltd., Signicat, Smartmatic, Verisec, Vintegris, and OneSpan.

The Table Of Content For The Digital Identity Market Include:
1. Executive Summary
2. Digital identity Market Characteristics
3. Digital identity Market Trends And Strategies
4. Digital identity Market - Macro Economic Scenario
5. Digital identity Market Size And Growth
……
27. Digital identity Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital identity Market
29. Digital identity Market Future Outlook and Potential Analysis
30. Appendix

The Business Research Company's "Global Digital Identity Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

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