Adroit Market Research - Industry Insights
Digital Identity Solutions Market by Authentication Type (Single-Factor Authentication and Multi-Factor Authentication), Solutions (Biometric and Non-Biometrics), End-users (IT & Telecom, BFSI, Retail, Healthcare, Government & Defense and Others), and Region, Global Forecast, 2018 to 2025
Mar 2020
Total Pages: 109
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The digital identity enables apps, systems, and services to identify the individual or anyone they are interacting with. Its capabilities comprise privilege access management, blockchain and biometrics, and identity & access management. The growing digitization has brought efficiency and ease across various complex processes. However, with the growing digitization, there is always a risk in breach of any personal information and breach of security. Therefore, the demand for digital identity solutions is rising as it allows devices to identify who they are interacting with.
The global digital identity solutions market size is anticipated to reach over USD 33 Billion by 2025. This can be attributed to the increasing integration of biometrics in smartphones and numerous industries. Also, increasing the focus of organizations on enhancing customer experience is one of the crucial factors driving the market growth.
.png "Global Digital Identity Solutions Market 2018-2025 (USD Billion)")
However, the lack of consumer data security is anticipated to hamper the market growth. Furthermore, the growing adoption of authentication solutions across numerous industry verticals is anticipated to create lucrative opportunities for the market in the upcoming years. Also, the integration of advanced technologies such as ML and AI is anticipated to provide major growth opportunities to the market in upcoming years.
Key Segments of the global Digital Identity Solutions Market
Authentication Type Overview, 2018-2025 (USD Billion)
- Single-Factor Authentication
- Multi-Factor Authentication
Solutions Overview, 2018-2025 (USD Billion)
- Biometric
- Non-Biometrics
End Users Overview, 2018-2025 (USD Billion)
- IT & Telecom
- BFSI
- Retail
- Healthcare
- Government & Defense
- Others
Regional Overview, 2018-2025 (USD Billion)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global digital identity solutions market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global digital identity solutions market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the digital identity solutions industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on authentication type, solutions, and end-users. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global digital identity solutions market. The report will benefit every stakeholder involved in the digital identity solutions market.
- Managers within the digital identity solutions industry looking to publish recent and forecasted statistics about the global digital identity solutions market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global digital identity solutions market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
As technology is developing conventional access management systems are becoming stationary and outdated. With the dynamic environment, organizations need robust solutions to prevent or safeguard their own as well as their customers’ data. As the number of services, devices, things, and people continues to grow exponentially, managing the identity lifecycle is becoming critical. Also, it is becoming very crucial to confirm that the right access has been given to the right device, person, or thing. Therefore, the need for comprehensive and dynamic digital identity platform and solutions is rising across the globe. Also, with the planned, correct security & identity measures, enterprises can build better business strategies that can further result in better revenue opportunities.
Authentication Type Segment
Based on the authentication type segment, the market is divided into multi-factor and single-factor authentication. The multi-factor authentication segment is expected to gather the highest market growth during the forecast period. However, the single-factor authentication segment dominated the digital identity solutions market in 2019.
Solutions Segment
Based on the solutions, the market is segmented into the biometric and non-biometrics solutions. The biometrics solutions segment dominated the market in 2019 and it is expected to dominate the market throughout the forecast period 2020-2025. The growth of this segment is mainly attributed to the extra layer of the security provided by them.
End users Segment
Based on end-users, the market is bifurcated into AR and VR gaming zones, arcade studios, skill/competition games, physical play activities, and others. In 2019, the BFSI segment captured the highest market revenue and is anticipated to dominate the digital identity solutions market throughout the forecast period. On the contrary, the healthcare industry is anticipated to gather the highest growth rate throughout the forecast period.
The North America region dominated the overall market in 2019 and it is expected to do so throughout the forecast period 2020-2025. The dominance of this region mainly attributed to the presence of major market players and growing investment in research & development of technologies associated with digital identity solutions. However, the Asia-Pacific region is anticipated to experience the highest growth rate during the forecast period. The growth of this region is mainly accredited to the increasing sophisticated levels of cyber frauds in this region.
.png "North America Digital Identity Solutions Market 2018-2025 (USD Billion)")
The major players of the global Digital Identity Solutions Market are IDEMIA, ForgeRock, Imageware Systems, Jumio, NEC, Samsung SDS, Signicat, Telus, Tessi, and Thales Group. Moreover, the other potential players in the digital identity solutions market are Refinitiv, Jumio, AU10TIX, Verisec, and Smartmatic. The recognized companies are coming up with innovative and new entertainment technologies and solutions. For instance, In November 2019, IDEMIA announced an agreement with Morocco’s National Security Government Department (NSGD). In this agreement, IDEMIA would provide a secured digital identity online services platform along with the national electronic ID cards for the country.
The digital identity enables apps, systems, and services to identify the individual or anyone they are interacting with. Its capabilities comprise privilege access management, blockchain and biometrics, and identity & access management. The growing digitization has brought efficiency and ease across various complex processes. However, with the growing digitization, there is always a risk in breach of any personal information and breach of security. Therefore, the demand for digital identity solutions is rising as it allows devices to identify who they are interacting with.
The global digital identity solutions market size is anticipated to reach over USD 33 Billion by 2025. This can be attributed to the increasing integration of biometrics in smartphones and numerous industries. Also, increasing the focus of organizations on enhancing customer experience is one of the crucial factors driving the market growth.
However, the lack of consumer data security is anticipated to hamper the market growth. Furthermore, the growing adoption of authentication solutions across numerous industry verticals is anticipated to create lucrative opportunities for the market in the upcoming years. Also, the integration of advanced technologies such as ML and AI is anticipated to provide major growth opportunities to the market in upcoming years.
Key Segments of the global Digital Identity Solutions Market
Authentication Type Overview, 2018-2025 (USD Billion)
- Single-Factor Authentication
- Multi-Factor Authentication
Solutions Overview, 2018-2025 (USD Billion)
- Biometric
- Non-Biometrics
End Users Overview, 2018-2025 (USD Billion)
- IT & Telecom
- BFSI
- Retail
- Healthcare
- Government & Defense
- Others
Regional Overview, 2018-2025 (USD Billion)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global digital identity solutions market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global digital identity solutions market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the digital identity solutions industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on authentication type, solutions, and end-users. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global digital identity solutions market. The report will benefit every stakeholder involved in the digital identity solutions market.
- Managers within the digital identity solutions industry looking to publish recent and forecasted statistics about the global digital identity solutions market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global digital identity solutions market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Increasing focus of organizations on enhance customer experience
4.3.1.2 Increasing integration of biometrics in smartphones
4.3.2 Restraints
4.3.2.1 Lack of consumer data security
4.3.2.2 Opportunities
4.3.3.1 The growing adoption of authentication solutions across numerous industry verticals
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
Chapter 5 Digital Identity Solutions Market by Authentication type
5.1 Introduction
5.1.1 Single-Factor Authentication
5.1.2 Multi-factor authentication
Chapter 6 Digital Identity Solutions Market by Solutions
6.1 Introduction
6.1.1 Biometric
6.1.2 Non-Biometrics
Chapter 7 Digital Identity Solutions Market by End-users
7.1 Introduction
7.1.1 IT & Telecom
7.1.2 BFSI
7.1.3 Retail
7.1.4 Healthcare
7.1.5 Government & Defense
7.1.6 Others
Chapter 8 Digital Identity Solutions Market By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Middle East & Africa
8.5.1 UAE
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Rest of South America
Chapter 9 Competitive Landscape
9.1 Overview
9.2 Strategic Initiatives
9.2.1 Mergers & Acquisitions
9.2.2 New Product Launch
9.2.3 Investments
9.2.4 Expansion
9.2.5 Others
Chapter 10 Company Profiles
10.1 IDEMIA
10.1.1 Overview
10.1.2 Products and Multi-factor authentication Portfolio
10.1.3 Recent Initiatives
10.1.4 Company Financials
10.1.5 SWOT
10.2 ForgeRock
10.2.1 Overview
10.2.2 Products and Multi-factor authentication Portfolio
10.2.3 Recent Initiatives
10.2.4 Company Financials
10.2.5 SWOT
10.3 Imageware Systems
10.3.1 Overview
10.3.2 Products and Multi-factor authentication Portfolio
10.3.3 Recent Initiatives
10.3.4 Company Financials
10.3.5 SWOT
10.4 Jumio
10.4.1 Overview
10.4.2 Products and Multi-factor authentication Portfolio
10.4.3 Recent Initiatives
10.4.4 Company Financials
10.4.5 SWOT
10.5 NEC
10.5.1 Overview
10.5.2 Products and Multi-factor authentication Portfolio
10.5.3 Recent Initiatives
10.5.4 Company Financials
10.5.5 SWOT
10.6 Samsung SDS
10.6.1 Overview
10.6.2 Products and Multi-factor authentication Portfolio
10.6.3 Recent Initiatives
10.6.4 Company Financials
10.6.5 SWOT
10.7 Signicat
10.7.1 Overview
10.7.2 Products and Multi-factor authentication Portfolio
10.7.3 Recent Initiatives
10.7.4 Company Financials
10.7.5 SWOT
10.8 Telus
10.8.1 Overview
10.8.2 Products and Multi-factor authentication Portfolio
10.8.3 Recent Initiatives
10.8.4 Company Financials
10.8.5 SWOT
10.9 Tessi
10.9.1 Overview
10.9.2 Products and Multi-factor authentication Portfolio
10.9.3 Recent Initiatives
10.9.4 Company Financials
10.9.5 SWOT
10.10 Thales Group
10.10.1 Overview
10.10.2 Products and Multi-factor authentication Portfolio
10.10.3 Recent Initiatives
10.10.4 Company Financials
10.10.5 SWOT
10.11 Other Companies