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.
Browse and
in-depth TOC on “Digital Identity Solutions Market”
419 –
Tables
51
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316
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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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Content
Source: https://www.marketsandmarkets.com/PressReleases/digital-identity-solutions.asp
Report:https://www.marketsandmarkets.com/Market-Reports/digital-identity-solutions-market-247527694.html
