Global Digital Identity Solutions Market Insights, Forecast to 2028

Digital Identity Solutions Market

The global Digital Identity Solutions market size is projected to reach USD 40350 Million by 2028, from USD 15700 Million in 2021, at a CAGR of 14.2% during 2022-2028.

Key factors driving the market include growth focused on enhancing the end-to-end customer experience. Enterprises can be considered early adopters of digital identity solutions because they have a large workforce and associated network equipment and are vulnerable to identity-related risks. Businesses have offices in various regions, forcing them to provide solutions by giving employees real-time access to data. In addition, businesses have no budget constraints, which enables them to adopt local-based digital identity solutions. However, due to the scalability of the benefits, a major shift from on-premises solutions to cloud-based solutions is expected. Due to additional features such as access risk, excess risk and risk outliers, businesses are expected to increasingly adopt digital identity solutions.

Fully considering the economic change by this health crisis, Biometrics accounting for % of the Digital Identity Solutions global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While Bank segment is altered to an % CAGR throughout this forecast period.

China Digital Identity Solutions market size is valued at US$ million in 2021, while the North America and Europe Digital Identity Solutions are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period.

As for the Europe Digital Identity Solutions landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Digital Identity Solutions market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Digital Identity Solutions market in terms of revenue.

Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Digital Identity Solutions market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Digital Identity Solutions market.

Digital Identity Solutions market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Digital Identity Solutions market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

By Type

• Biometrics
• Non-biometrics

By Applications

• Bank
• Retail and Commerce
• Government and Defense
• Healthcare
• Information Technology (IT) and Telecom
• Energy and Utility
• Others

By Company

• NEC
• Samsung SDS
• Thales Group
• GBG
• Telus
• IDEMIA
• Tessi
• ForgeRock

By Region

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA

Scope of Digital Identity Solutions Market Report