Market Executive Summary

The global Digital Identity Solutions market was valued at US$ 25960 million in 2023 and is anticipated to reach US$ 44380 million by 2030, witnessing a CAGR of 7.9% during the forecast period 2024-2030.

The global digital identity solutions market refers to the industry encompassing products and services related to the establishment, management, and authentication of digital identities. This market has been witnessing significant growth driven by the increasing need for secure and seamless digital interactions across various sectors including finance, healthcare, government, e-commerce, and more.

Digital identity solutions are systems, technologies, and tools that provide a secure and reliable way to establish, manage, and authenticate digital identities in the online world. These solutions are designed to verify and validate the identity of individuals, organizations, or devices in digital transactions, ensuring secure access to online services, protecting sensitive information, and enabling trust in digital interactions.

Key factors impacting the global digital identity solutions market include:

Increasing Digital Transactions: The proliferation of online services, e-commerce, mobile applications, and digital platforms has heightened the demand for robust digital identity solutions to ensure secure and trustworthy transactions.

Regulatory Compliance: Stringent data protection regulations, such as GDPR in Europe and similar laws in other regions, have compelled organizations to enhance their identity management practices to comply with privacy and security requirements.

Growing Cybersecurity Concerns: With the rise in cyber threats and data breaches, organizations are prioritizing investments in digital identity solutions to safeguard sensitive information and protect against identity-related fraud and unauthorized access.

Remote Work and Access Management: The shift towards remote work and the need for secure remote access to corporate resources have driven the adoption of digital identity solutions to manage user identities and access privileges effectively.

Customer Experience and Personalization: Businesses are leveraging digital identity solutions to improve customer experiences, offering personalized services while ensuring data security and privacy, driving the adoption of advanced identity management capabilities.

Technological Advancements: Innovations in areas such as biometrics, artificial intelligence, blockchain, and machine learning are presenting new opportunities for enhancing the effectiveness and security of digital identity solutions, further driving market expansion.

Industry Vertical Adoption: Various industry verticals, including banking and financial services, healthcare, government, and e-commerce, are embracing digital identity solutions to address industry-specific challenges and regulatory requirements related to identity management.

The global digital identity solutions market encompasses a wide range of products and services, including identity verification solutions, authentication and access management platforms, biometric identification systems, digital document management, and compliance and governance tools.

This report aims to provide a comprehensive presentation of the global market for Digital Identity Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Identity Solutions.

Report Scope

The Digital Identity Solutions market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Digital Identity Solutions market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. 

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Digital Identity Solutions companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Global Digital Identity Solutions Companies Covered

NEC, Samsung SDS, Thales Group, GBG, Telus, IDEMIA, Tessi, ForgeRock, Okta, Ping Identity, OneSpan, Auth0, Entrust, Signicat, Jumio, HID Global, Mitek Systems, Onfido.

Global Digital Identity Solutions Market, Segment by Type

Biometrics

Non-biometrics

Global Digital Identity Solutions Market, Segment by Application

Bank

Retail and Commerce

Government and Defense

Healthcare

Information Technology (IT) and Telecom

Energy and Utility

Others

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of Digital Identity Solutions companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 12: The main points and conclusions of the report.