Digital Identity Management Solutions Market by Type, Offering, Application, Identity Type, Authentication Type, Organization Size, Deployment Mode, Sector (BFSI, Retail & E-Commerce, Government & Defense, Healthcare, and Other Sectors) - Global Forecast to 2030.
The research report titled ‘Digital Identity Management Solutions Market by Type, Offering, Application, Identity Type, Authentication Type, Organization Size, Deployment Mode, Sector (BFSI, Retail & E-Commerce, Government & Defense, Healthcare, and Other Sectors) - Global Forecast to 2030.’ provides in-depth analysis of digital identity management solutions market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
The global digital identity management solutions market is expected to reach USD 70.8 billion by 2030, at a CAGR of 15.4% during the forecast period of 2023 to 2030. The growth of this market is mainly attributed to the increasing frequency & sophistication of authentication & identity frauds in the BFSI sector, government initiatives encouraging the adoption of digital identity management solutions, and the integration of biometric capabilities into mobile devices.
The study offers a comprehensive analysis of the global digital identity management solutions market by type, offering, application, identity type, authentication type, organization size, deployment mode, sector and geography.
The global digital identity management solutions market is segmented by type (identity verification & authentication solutions, digital KYC & onboarding solutions, zero trust security solutions, digital ID wallet solutions), offering (hardware [scanners & readers, cameras, smart cards, tokens], software, services [professional services, managed services]), application (workforce identity management, customer identity management, citizen digital identity management, machine identity management, other digital identity management applications [border control & fraud identification]), identity type(biometric solutions, non-biometric solutions), authentication type ( single-factor authentication, multi-factor authentication), organization size (small & medium-sized enterprises, large enterprises), deployment mode (on-premise deployment, cloud-based deployment), sector (BFSI, retail & e-commerce, government & defense, healthcare, IT & telecommunications, energy & utilities, tourism & hospitality, education, manufacturing, and other sectors). The study also evaluates industry competitors and analyzes the market at regional and country levels.
Based on type, the global digital identity management solutions market is segmented into identity verification & authentication solutions, digital KYC & onboarding solutions, zero trust security solutions, and digital ID wallet solutions. In 2023, the identity verification & authentication solutions segment is expected to account for the largest share of the global digital identity management solutions market. The segment’s large share is attributed to the increasing government initiatives to launch identity verification programs, efforts from leading digital identity management solution providers to launch biometric authentication solutions, and the growing demand for biometric authentication solutions. This segment is expected to grow at the highest CAGR during the forecast period.
Based on authentication type, the global digital identity management solutions market is segmented into single-factor authentication and multi-factor authentication. In 2023, the multi-factor authentication segment is expected to account for the larger share of the global digital identity management solutions market. The large market share of this segment is attributed to the increasing adoption of multi-factor authentication solutions by organizations due to increasing identity thefts and data breaches and the growing demand for multi-layered passwords, security tokens, and biometric verification methods. This segment is expected to grow at the highest CAGR during the forecast period.
Based on organization size, the global digital identity management solutions market is segmented into small & medium-sized enterprises and large enterprises. In 2023, the large enterprises segment is expected to account for the larger share of the global digital identity management solutions market. The large market share of this segment is attributed to the strong IT infrastructure of large enterprises, a surge in data breaches and unauthorized access, and the growing adoption of advanced technologies such as AI for digital identity management solutions. This segment is expected to grow at the highest CAGR during the forecast period.
Based on geography, the global digital identity management solutions market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global digital identity management solutions market. Asia-Pacific’s major market share is attributed to the increasing demand for digital identities for authenticating citizens, the rising demand for digital identity management solutions for accessing government services and identification, and the increasing efforts by leading market players to launch digital identity management solutions. This regional market is expected to register the highest CAGR during the forecast period.
The key players operating in the global digital identity management solutions market are Thales Group (France), NEC Corporation (Japan), IDEMIA (France), GB Group plc (U.K.), ForgeRock, Inc. (U.S.), Samsung SDS Co., Ltd. (South Korea), ImageWare Systems Incorporated (U.S.), Signicat (Norway), Syntizen Technologies Pvt. Ltd. (India), HashCash Consultants(U.S.), Jumio Corporation (U.S.), Vintegris, S.L. (Spain), Daon, Inc. (U.S.), Cloudflare, Inc. (U.S.), and Refinitiv Limited (a part of London Stock Exchange Group Plc).
The research report titled ‘Digital Identity Management Solutions Market by Type, Offering, Application, Identity Type, Authentication Type, Organization Size, Deployment Mode, Sector (BFSI, Retail & E-Commerce, Government & Defense, Healthcare, and Other Sectors) - Global Forecast to 2030.’ provides in-depth analysis of digital identity management solutions market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
The global digital identity management solutions market is expected to reach USD 70.8 billion by 2030, at a CAGR of 15.4% during the forecast period of 2023 to 2030. The growth of this market is mainly attributed to the increasing frequency & sophistication of authentication & identity frauds in the BFSI sector, government initiatives encouraging the adoption of digital identity management solutions, and the integration of biometric capabilities into mobile devices.
The study offers a comprehensive analysis of the global digital identity management solutions market by type, offering, application, identity type, authentication type, organization size, deployment mode, sector and geography.
The global digital identity management solutions market is segmented by type (identity verification & authentication solutions, digital KYC & onboarding solutions, zero trust security solutions, digital ID wallet solutions), offering (hardware [scanners & readers, cameras, smart cards, tokens], software, services [professional services, managed services]), application (workforce identity management, customer identity management, citizen digital identity management, machine identity management, other digital identity management applications [border control & fraud identification]), identity type(biometric solutions, non-biometric solutions), authentication type ( single-factor authentication, multi-factor authentication), organization size (small & medium-sized enterprises, large enterprises), deployment mode (on-premise deployment, cloud-based deployment), sector (BFSI, retail & e-commerce, government & defense, healthcare, IT & telecommunications, energy & utilities, tourism & hospitality, education, manufacturing, and other sectors). The study also evaluates industry competitors and analyzes the market at regional and country levels.
Based on type, the global digital identity management solutions market is segmented into identity verification & authentication solutions, digital KYC & onboarding solutions, zero trust security solutions, and digital ID wallet solutions. In 2023, the identity verification & authentication solutions segment is expected to account for the largest share of the global digital identity management solutions market. The segment’s large share is attributed to the increasing government initiatives to launch identity verification programs, efforts from leading digital identity management solution providers to launch biometric authentication solutions, and the growing demand for biometric authentication solutions. This segment is expected to grow at the highest CAGR during the forecast period.
Based on authentication type, the global digital identity management solutions market is segmented into single-factor authentication and multi-factor authentication. In 2023, the multi-factor authentication segment is expected to account for the larger share of the global digital identity management solutions market. The large market share of this segment is attributed to the increasing adoption of multi-factor authentication solutions by organizations due to increasing identity thefts and data breaches and the growing demand for multi-layered passwords, security tokens, and biometric verification methods. This segment is expected to grow at the highest CAGR during the forecast period.
Based on organization size, the global digital identity management solutions market is segmented into small & medium-sized enterprises and large enterprises. In 2023, the large enterprises segment is expected to account for the larger share of the global digital identity management solutions market. The large market share of this segment is attributed to the strong IT infrastructure of large enterprises, a surge in data breaches and unauthorized access, and the growing adoption of advanced technologies such as AI for digital identity management solutions. This segment is expected to grow at the highest CAGR during the forecast period.
Based on geography, the global digital identity management solutions market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global digital identity management solutions market. Asia-Pacific’s major market share is attributed to the increasing demand for digital identities for authenticating citizens, the rising demand for digital identity management solutions for accessing government services and identification, and the increasing efforts by leading market players to launch digital identity management solutions. This regional market is expected to register the highest CAGR during the forecast period.
The key players operating in the global digital identity management solutions market are Thales Group (France), NEC Corporation (Japan), IDEMIA (France), GB Group plc (U.K.), ForgeRock, Inc. (U.S.), Samsung SDS Co., Ltd. (South Korea), ImageWare Systems Incorporated (U.S.), Signicat (Norway), Syntizen Technologies Pvt. Ltd. (India), HashCash Consultants(U.S.), Jumio Corporation (U.S.), Vintegris, S.L. (Spain), Daon, Inc. (U.S.), Cloudflare, Inc. (U.S.), and Refinitiv Limited (a part of London Stock Exchange Group Plc).
Key questions answered in the report
- Which are the high-growth market segments in terms of the type, offering, application, identity type, authentication type, organization size, deployment mode, and sector?
- What is the historical market for digital identity management solutions across the globe?
- What are the market forecasts and estimates for the period of 2023-2030?
- What are the major drivers, restraints, and opportunities in the global digital identity management solutions market?
- Who are the major players in the global digital identity management solutions market and what share of the market do they hold?
- Who are the major players in various countries and what share of the market do they hold?
- How is the competitive landscape?
- What are the recent developments in the global digital identity management solutions market?
- What are the different strategies adopted by the major players in the global digital identity management solutions market?
- What are the geographical trends and high-growth countries?
- Who are the local emerging players in the global digital identity management solutions market and how do they compete with the other players?
Scope of the Report
Digital Identity Management Solutions Market, by Type
- Identity Verification & Authentication Solutions
- Digital KYC & Onboarding Solutions
- Zero Trust Security Solutions
- Digital ID Wallet Solutions
Digital Identity Management Solutions Market, by Offering
- Hardware
- Scanners & Readers
- Cameras
- Smart Cards
- Tokens
- Software
- Services
- Professional Services
- Managed Services
Digital Identity Management Solutions Market, by Application
- Workforce Identity Management
- Customer Identity Management
- Citizen Digital Identity Management
- Machine Identity Management
- Other Digital Identity Management Applications
Digital Identity Management Solutions Market, by Identity Type
- Biometric Solutions
- Non-biometric Solutions
Digital Identity Management Solutions Market, by Authentication Type
- Single-factor Authentication
- Multi-factor Authentication
Digital Identity Management Solutions Market, by Organization Size
- Small & Medium-sized Enterprises
- Large Enterprises
Digital Identity Management Solutions Market, by Deployment Mode
- On-premise Deployment
- Cloud-based Deployment
Digital Identity Management Solutions Market, by Sector
- IT & Telecommunications
- BFSI
- Government & Defense
- Manufacturing
- Retail & E-commerce
- Healthcare
- Energy & Utility
- Education
- Tourism & Hospitality
- Other Sectors
Digital Identity Management Solutions Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- UAE
- Israel
- Rest of Middle East & Africa
Table of Contents
1. Introduction1.1 Market Definition
1.2 Scope of the Study
1.3 Global Digital Identity Management Solutions Market Ecosystem
1.4 Currency & Limitation
1.4.1 Currency
1.4.2 Limitations
1.5 Key Stakeholders
2. Research Methodology
2.1 Research Approach
2.2 Data Collection & Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Assessment
2.3.1 Market Size Estimation
2.3.1.1 Bottom-up Approach
2.3.1.2 Top-down Approach
2.3.1.3 Growth Forecast
2.3.2 Market Share Analysis
2.4 Assumptions for the Study
3. Executive Summary
3.1. Market Analysis, by Type
3.2. Market Analysis, by Offering
3.3. Market Analysis, by Application
3.4. Market Analysis, by Identity Type
3.5. Market Analysis, by Authentication Type
3.6. Market Analysis, by Organization Size
3.7. Market Analysis, by Deployment Mode
3.8. Market Analysis, by Sector
3.9. Market Analysis, by Geography
4. Impact of COVID-19 on the Digital Identity Management Solutions Market
5. Market Insights
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Frequency & Sophistication of Authentication & Identity Frauds in the BFSI Sector
5.2.1.2 Government Initiatives Encouraging the Adoption of Digital Identity Management Solutions
5.2.1.3 Integration of Biometric Capabilities into Mobile Devices
5.2.2 Restraints
5.2.2.1 High Capital Requirements for Deploying Digital Identity Management Solutions
5.2.3 Opportunities
5.2.3.1 Growing Adoption of Cloud-based Digital Identity Management Solutions
5.2.3.2 Increasing Utilization of Contactless Biometric Solutions
5.2.4 Challenges
5.2.4.1. Misconceptions & a Lack of Knowledge Regarding Digital Identity Management Solutions
5.3 Case Studies
5.3.1 Case Study A
5.3.2 Case Study B
6. Digital Identity Management Solutions Market, by Type
6.1 Introduction
6.2 Identity Verification & Authentication Solutions
6.3 Digital KYC & Onboarding Solutions
6.4 Zero Trust Security Solutions
6.5 Digital ID Wallet Solutions
7. Digital Identity Management Solutions Market, by Offering
7.1 Introduction
7.2 Hardware
7.2.1 Scanners & Readers
7.2.2 Cameras
7.2.3 Smart Cards
7.2.4 Tokens
7.3 Software
7.4 Services
7.4.1 Professional Services
7.4.2 Managed Services
8. Digital Identity Management Solutions Market, by Application
8.1 Introduction
8.2 Workforce Identity Management
8.3 Customer Identity Management
8.4 Citizen Digital Identity Management
8.5 Machine Identity Management
8.6 Other Digital Identity Management Applications
9. Digital Identity Management Solutions Market, by Identity Type
9.1 Introduction
9.2 Biometric Solutions
9.3 Non-biometric Solutions
10. Digital Identity Management Solutions Market, by Authentication Type
10.1 Introduction
10.2 Multi-factor Authentication
10.3 Single-factor Authentication
11. Digital Identity Management Solutions Market, by Organization Size
11.1 Introduction
11.2 Large Enterprises
11.3 Small & Medium-sized Enterprises
12. Digital Identity Management Solutions Market, by Deployment Mode
12.1 Introduction
12.2 On-premise deployment
12.3 Cloud-based deployment
13. Digital Identity Management Solutions Market, by Sector
13.1 Introduction
13.2 It & telecommunications
13.3 BFSI
13.4 Government & Defense
13.5 Manufacturing
13.6 Retail & E-commerce
13.7 Healthcare
13.8 Energy & Utility
13.9 Education
13.10 Tourism & Hospitality
13.11 Other Sectors
14. Digital Identity Management Solutions Market, by Geography
14.1 Introduction
14.2 Asia-Pacific
14.2.1 China
14.2.2 Japan
14.2.3 India
14.2.4 South Korea
14.2.5 Rest of APAC
14.3 North America
14.3.1 U.S.
14.3.2 Canada
14.4 Europe
14.4.1 U.K.
14.4.2 Germany
14.4.3 France
14.4.4 Italy
14.4.5 Spain
14.4.6 Rest of Europe
14.5 Latin America
14.5.1 Mexico
14.5.2 Brazil
14.5.3 Rest of Latin America
14.6 Middle East & Africa
14.6.1 UAE
14.6.2 Israel
14.6.3 Rest of the Middle East & Africa
15. Digital Identity Management Solutions Market-Competitive Landscape
15.1 Introduction
15.2 Key Growth Strategies
15.2.1 Market Differentiators
15.2.2 Synergy Analysis: Major Deals & Strategic Alliance
15.3 Competitive Dashboard
15.3.1 Industry Leader
15.3.2 Market Differentiators
15.3.3 Vanguards
15.3.4 Contemporary Stalwarts
15.4 Vendor Market Positioning
15.5 Ranking of Leading Players operating in the Global Digital Identity Management Solutions Market
16. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
16.1 NEC Corporation (Japan)
16.2 Samsung SDS Co., Ltd. (South Korea)
16.3 Thales Group (France)
16.4 ForgeRock, Inc. (U.S.)
16.5 ImageWare Systems Incorporated (U.S.)
16.6 GB Group plc (U.K.)
16.7 IDEMIA (France)
16.8 Signicat (Norway)
16.9 Syntizen Technologies Pvt. Ltd. (India)
16.10 HashCash Consultants (U.S.)
16.11 Jumio Corporation (U.S.)
16.12 Vintegris, S.L. (Spain)
16.13 Daon, Inc. (U.S.)
16.14 Cloudflare, Inc. (U.S.)
16.15 Refinitiv Limited (a part of London Stock Exchange Group Plc) (U.K.)
17. Appendix
17.1 Questionnaire
17.2 Available Customization
Companies Mentioned
- Thales Group (France)
- NEC Corporation (Japan)
- IDEMIA (France)
- GB Group plc (U.K.)
- ForgeRock Inc. (U.S.)
- Samsung SDS Co. Ltd. (South Korea)
- ImageWare Systems Incorporated (U.S.)
- Signicat (Norway)
- Syntizen Technologies Pvt. Ltd. (India)
- HashCash Consultants(U.S.)
- Jumio Corporation (U.S.)
- Vintegris S.L. (Spain)
- Daon Inc. (U.S.)
- Cloudflare Inc. (U.S.)
- Refinitiv Limited (a part of London Stock Exchange Group Plc).
