US Digital Identity Solutions Market New Trends 2030, Latest Opportunities, Future Growth, Business Scenario, Size, Scope and Top Key Companies

Digital Identity Solutions Market by Hardware (RFID Reader & Encoder, Hardware-Based Tokens, Processor ID Cards), Solution type (Identity Verification, Authentication, Identity Lifecycle Management) - Global Forecast to 2030.
According to the research report "US Digital Identity Solutions Market [https://www.marketsandmarkets.com/PressReleases/us-digital-identity-solutions.asp?utm_campaign=digitalidentitysolutionsmarket&utm_source=abnewswire.com&utm_medium=paidpr] by Hardware (RFID Reader & Encoder, Hardware-Based Tokens, Processor ID Cards), Solution Type (Identity Verification, Authentication, Identity Lifecycle Management) - Forecast to 2030" by MarketsandMarkets, the U.S. digital identity solutions market is expected to grow from USD 11.89 billion in 2024 to USD 34.03 billion by 2030, registering a compound annual growth rate (CAGR) of 19.2% during the forecast period.

The increasing adoption of the internet across the U.S. has driven demand for secure digital identity platforms, as both businesses and consumers seek safer online transactions and stronger credential protections. Rising concerns over data privacy have spurred government initiatives promoting smart infrastructure and smart cities, further propelling the adoption of digital identity solutions. In response to regulations like the California Consumer Privacy Act (CCPA), organizations are now required to adopt comprehensive identity verification systems to maintain compliance and protect consumer data. Additionally, federal funding for digital identity programs is fueling innovation and facilitating streamlined, secure authentication across various industries-strengthening the overall market outlook.

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The solutions segment is expected to account for the largest market share by offering segment in the US digital identity solutions market during the forecast period.

The solutions segment leads as the largest market segment in US digital identity solutions because industries are increasingly demanding secure authentication together with identity verification. Advanced identity management solutions become the choice of organizations because they fight against increasing cyber threats alongside identity fraud and data breaches. The increase in digital payments together with remote work requirements and online service delivery creates amplified market demand for biometric authentication technologies and multi-factor authentication (MFA) and identity and access management (IAM) systems. The California Consumer Privacy Act (CCPA) together with other stringent regulations pushes business entities to enhance their identity security methods thus increasing market-wide adoption. The deployment of these solutions increases because government programs dedicate effort toward modernizing digital identity systems from smart infrastructure to secure credentialing. Digital identity solutions maintain their position as a fundamental market investment because both private sector businesses and public sector entities focus on enhanced cybersecurity along with easy user experiences.

The managed services segment is expected to grow at the highest CAGR by services segment in the US digital identity solutions market during the forecast period.

Managed services represent the segment with the fastest growth rate in the US digital identity solutions market because businesses need to protect identities continuously against evolving cybersecurity threats that became increasingly complex. The identification of managed service providers (MSPs) allows organizations to free their in-house IT staff from managing identity lifecycle processes while receiving assistance with authentication and monitoring compliance requirements. Organizations now require outsourced identity management services because of their need to shift to cloud-based identity solutions alongside increasing regulatory requirements like CCPA. Businesses which implement digital transformation require knowledgeable support to achieve smooth implementation as well as instant threat identification and immediate security upgrades. Managed services provide cost-effective solutions and adjustable features which enable small to medium businesses without security personnel to benefit from these services. The US market has adopted managed identity services as a vital digital security component because organizations focus on data privacy along with preventing fraud and meeting regulatory requirements.

The biometric segment is expected to account for the largest market share by identity type segment in the US digital identity solutions market during the forecast period.

The biometric segment is expected to hold the largest market share within the identity type segment due to its superior security, accuracy, and convenience. Manufacturers have rapidly integrated biometric authentication methods including fingerprint scanning, facial recognition, and iris recognition for different industries such as banking, healthcare, and government to stop identity fraud and unauthorized access. Businesses and government agencies use biometric authentication to improve security while maintaining simple processes for users due to escalating data security fears about identity theft cases. Moving forward regulatory actions that endorse digital identities have fostered the rapid growth of biometric technology adoption. Mobile devices and online transactions as well as access control systems have expanded their adoption of biometric authentication technologies because of increasing demand. Biometrics are preferred as identity verification method since organizations have moved to passwordless authentication to fight cyber risks.

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Top Companies in the US Digital Identity Solutions Market

HID Global (US), CrowdStrike (US), DXC Technology (US), IBM (US), CyberArk (US), SailPoint Technologies (US), Ping Identity(US), ACI Worldwide (US), Jumio(US), OneSpan (US), Duo Security (US), Imprivata (US), Incode Technologies (US), and Persona (US) are the key players and other players in the US Digital Identity Solutions market.

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