Surge In Identity-Related Fraud Spurs Rapid Growth In The Digital Identity Market: Critical Driver Shaping the Digital identity Market in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Digital identity Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of digital identity has seen a swift expansion in the past few years. The market, which is expected to increase from $29.52 billion in 2024 to $33.36 billion in 2025, boasts a compound annual growth rate (CAGR) of 13.0%. The phenomenal growth during this historic period is due to a surge in cybersecurity issues, the need for regulatory compliance, an increase in online transaction activities, identity theft and fraud prevention measures, as well as enhancements in user convenience and experience.

Digital identity Market Size Forecast: What's the Projected Valuation by 2029?
The digital identity market size is expected to see rapid growth in the next few years. It will grow to $65.61 billion in 2029 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to emergence of decentralized identity, biometric authentication adoption, expansion of digital services, health and safety use cases. Major trends in the forecast period include biometric data privacy regulations, AI-powered identity verification, identity-as-a-service (IDaaS), multi-factor authentication (MFA) evolution, cross-industry collaboration on digital identity standards.

View the full report here:
https://www.thebusinessresearchcompany.com/report/digital-identity-global-market-report

What Are the Drivers Transforming the Digital identity Market?
The digital identity market is experiencing growth, driven by an uptick in identity-related fraud and data breaches. Identity fraud, which involves the unlawful acquisition and use of another person's information for financial gain, through fraudulent and deceptive means, is leading global industries to adopt cutting-edge digital identity solutions to counteract such offenses effectively. For example, the US-based non-profit organization, Identity Theft Resource Center (ITRC), reported in January 2024 that there was a steep 78% rise in data compromises in 2023 compared to 2022, growing from 1,801 to 3,205 incidents. This increase in identity-related fraud and data breaches is set to further stimulate the growth of the digital identity market during the forecast period.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6085&type=smp

What Long-Term Trends Will Define the Future of the Digital identity Market?
The increasing trend of corporate collaborations is catalysing the growth of the digital identity market. Digital identity-focused businesses are emphasising technology-fuelled coalitions with the aim of boosting innovative development and optimising existing products to improve customer engagement and operational efficiency. For example, in April 2022, Blinking, a Serbia-based digital identity and onboarding solutions firm, inked a deal with IPification, a mobile IP address-based authentication, user verification, and anti-fraud service company based in Hong Kong. This partnership was designed to elevate the performance and capabilities of their platform. In a similar move, in May 2020, Ontology, a high-performing enterprise blockchain and distributed collaboration platform provider, collaborated with the Germany-based digital identity solutions firm, Sphericity. The core objective of their alliance was to deliver groundbreaking digital identity solutions, aimed specifically at cross-border supply chain and resilience enterprise functionalities.

Which Segments in the Digital identity Market Offer the Most Profit Potential?
The digital identity market covered in this report is segmented -

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 E-Commerce, Government And Defense, Healare, IT And ITeS, Telecommunications, Energy And Utilities, Other Verticals

Subsegments:
1) By Solutions: Identity Verification Solutions, Access Management Solutions, Authentication Solutions, Digital Identity Platforms
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Managed Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6085&type=smp

Which Firms Dominate the Digital identity Market by Market Share and Revenue in 2025?
Major companies operating in the digital identity market include NEC Corporation, Thales Group, Samsung SDS, Okta Inc., RSA Security LLC, Ping Identity Corporation, GB Group plc, ForgeRock Inc., Centrify Corporation, BioCatch Ltd., Keyfactor Inc., iProov Ltd., OneLogin Inc., Socure Inc., Sum&Substance Ltd., Auth0 Inc., Idaptive LLC, SEON Technologies AG, LoginID Inc., Authlete Inc., ID-Pal Limited, DIRO - Internet Original Documents Inc., iDenfy Ltd., IdRamp Inc., Entrust Corporation, SecureAuth Corporation, Evernym Inc., Jumio Corporation, Mitek Systems Inc., Acuant Inc., Transmit Security, Signicat AS, HYPR Corporation, Prove Identity Inc.

Which Regions Offer the Highest Growth Potential in the Digital identity Market?
North America was the largest region in the digital identity market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital identity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6085

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.