Digital Identity Solutions Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

 

According to a market research report "Digital Identity Solutions Market with Covid-19 Impact Analysis by Component (Solutions and Services), Solution Type (Biometrics and Non-Biometrics), Authentication Type, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2026", published by MarketsandMarkets™,  In the post-COVID-19 scenario, the global Digital Identity Solutions Market size is projected to grow from USD 23.3 Billion in 2021 to USD 49.5 Billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 16.2% from 2021 to 2026.

 

The market’s growth in the market can be attributed to the increase in instances of identity-related frauds and data breaches and the need for compliance with various upcoming regulations.

 

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Based on solution type, the Biometric segment is estimated to lead the market in 2021.

Based on solution type, the Digital Identity Solutions Market has been bifurcated into two segments: biometrics and non-biometrics. These solutions play a vital role in every organization. Most organizations are moving toward digitalization and cloud-based infrastructure, which help them drive businesses forward and strengthen customer relationships. Biometric segments market to hold the largest market share in the Digital Identity Solutions Market.

Based on Vertical, Retail and eCommerce segment is estimated to lead the market in 2021.

Retail and eCommerce is growing at an unprecedented rate in North America, Europe, and APAC. This vertical is targeted to extract highly confidential and sensitive data of critical sectors, including government, prime contractors, and suppliers.

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North America is expected to hold the largest market share during the forecast period.

North America is considered the most mature market in terms of adopting digital identity solutions, due to factors such as the rise in identity and authentication frauds and the presence of key vendors in the region. Cyber threat is becoming a global issue right from individuals to large enterprises. Companies of all sizes are focused on removing security gaps and vulnerabilities from their critical business applications and network infrastructure. Both SMEs and large enterprises are adopting digital identity solutions to maintain the physical security of infrastructure.

Market Players

Major players in Digital Identity Solutions Market include NEC (Japan), Samsung SDS (South Korea), Thales Group (France), GBG (UK), TELUS (Canada), Tessi (France), Daon (US), IDEMIA (France), ForgeRock (US), Jumio (US), iProov (UK), ID R&D (US), Refinitiv (UK), ImageWare Systems (US), OneSpan (US), Smartmatic (UK), Verisec (Sweden), Vintegris (Spain), AU10TIX (Cyprus), Signicat (Norway), RaulWalter (Estonia), Duo Security (US), Syntizen (India), HashCash Consultants (US), and Good Digital Identity (Czech Republic).

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Virtual Event Platform Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

 

According to new market research report "Virtual Event Platform Market with COVID-19 Impact by Component (Platform and Services), Organization Size, End User (Corporations, Government, Education, Healthcare, Third Party Planner, Associations, Non-Profit) and Region - Global Forecast to 2026", published by MarketsandMarkets™,  the Virtual Event Platform Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.7% during the forecast period, to reach USD 18.9 Billion in 2026 from USD 10.4 Billion in 2021.

 

Key factors that are expected to drive the growth of the market are the increasing adoption of digital media marketing platform to expand the audience base, rise in popularity of online streaming to replace in-person presentation, transition of businesses to remote working approaches, cloud services are gaining popularity in small and medium enterprises and enhance accuracy in collecting customer information. These factors are driving the demand for virtual event platform.

 

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Platform segment to hold a larger market size during the forecast period.

Based on component, the Virtual Event Platform Market is segmented into two categories: platform and services. The platform supports recreating in-person event experiences by incorporating emerging technologies such as augmented reality, virtual reality, and 3D simulation to offer virtual communication from remote locations. The platform offers various interactive features including live chat box, live polls, one to one video and audio calls which allows thousands of participants to share information in real-time.

Small enterprises segment to grow at a higher CAGR during the forecast period.

Small enterprises have an overall revenue of less than 0.1 billion dollars. Small enterprises are focusing on capturing the market through various growth strategies and catering to customer demands, resulting in the high adoption of cloud services among small enterprises. These enterprises face greater challenges of limited budget for marketing and sales activities as compared to large enterprises and require better methods to resolve complexities for improving the cost optimization of their business processes. However, the small enterprises segment is expected to grow at a higher CAGR during the forecast period. Virtual event platform supports small enterprises by reducing the overall cost associated with organizing a physical seminar, conference, or meeting. Further, virtual events are quick to arrange, inexpensive, and connect relevant people to meetings irrespective of their locations. These factors are also expected to encourage small enterprises to adopt virtual event platform at a rapid pace.

Third Party Planner segment is expected to grow at a higher CAGR during the forecast period.

The third party planner professional planning organizations such as Martiz. The virtual platform has enabled these planners to expand their audience and inclusivity. They also typically save a lot of time on logistics when hosting a virtual event compared to a live experience. Virtual events are approximately 75% less expensive than in-person experiences, as planners typically save money on staff, venue, setup and takedown, accommodations, meals, travel costs, and more. Working with a third-party planner allows platform providers to focus on internal priorities such as driving registration and creating compelling content instead of external priorities including logistics and vendor management. The market has seen tremendous growth of third-party planners adopting the virtual platform, especially after COVID-19 and with new advancements in technology.

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North America to account for the highest market share during the forecast period

The Virtual Event Platform Market is segmented into five regions: North America, Europe, APAC, MEA, and Latin America. The Virtual Event Platform Market report provides insights into these regional markets in terms of market size, growth rates, future trends, market drivers, and COVID-19 impact. North America is expected to hold the highest market share in the overall Virtual Event Platform Market during the forecast period. Following North America, Europe is expected to hold the second-highest market share during the forecast period. The presence of many virtual event platform vendors in the US and high awareness among enterprises about the benefits of planned events as part of strong marketing strategies, Investments in various technologies, including AI, IoT, big data, AR, and VR, and the growing rate of adoption of cloud services expected to drive the market in North America. Europe and MEA are also expected to witness high growth rates during the forecast period.

The Virtual Event Platform Market comprises major providers, such as 6Connex(US), Cvent(US), Hopin(UK), Remo(US), Hubilo(US), Vfairs(US), BigMarker(US), Zoom(US), Microsoft(US), Cisco(US), Kestone(India), Accelevents(US), Whova(US), EventMobi(Canada), On24(US), Vconfex(India), Samaaro(India), Aventri(US), Intrado(US), Bizzabo(US), Airmeet(India), Attendify(India), Splas(US), HeySummit(UK), Pheedloop(Canada), Socio(US), Vconferenceonline(US), SpotMe(Switzerland), Orbits(Australia), Brella(US), Run the World(US) and Eventcube(UK). The study includes an in-depth competitive analysis of key players in the Virtual Event Platform Market with their company profiles, recent developments, COVID-19 developments, and key market strategies.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

 

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

 

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/virtual-event-platform.asp

Report: https://www.marketsandmarkets.com/Market-Reports/virtual-event-platform-market-198777256.html