Digital Identity Solutions Market

Digital Identity Solutions Market by Solution (Biometrics and Non-Biometrics), Authentication Type, Deployment Mode (Cloud and On-Premises), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2024

Report Code: TC 7537 Feb, 2020, by marketsandmarkets.com

The global digital identity solutions market size is projected to grow from USD 13.7 billion in 2019 to USD 30.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 17.3% from 2019 to 2024. The major factors driving the market include the increased focus on enhancing end-to-end customer experience.

Digital Identity Solutions Market

By deployment mode, the on-premise segment to hold a higher market share during the forecast period

On-premises deployment mode offer complete control and flexibility to organizations. Enterprises prefer to install solutions on-premises, rather than at some remote facility. On-premises deployment mode is delivered with a one-time licensing fee, along with a service agreement. As this deployment mode requires huge infrastructure and a personal data center, it is affordable only for large organizations. Nowadays, corporate data can be easily accessed from mobile devices; this has increased the volume of data transfer among business parties and has raised the risks of cyberattacks and data losses. Organizations deploy on-premises solutions for their corporate data to reduce risks. Verticals, such as the government and defense prefer on-premises deployment for more security. Hence, the on-premises segment is expected to have a higher market share.

By organization size, the large enterprises segment to hold a higher market share during the forecast period

Large enterprises can be considered as the early adopters of digital identity solutions as they have a huge workforce and associated networking devices, which are susceptible to identity-related risks. Enterprises have their offices across regions, which force them to provide their solutions through real-time access of data to their employees. Additionally, as large enterprises do not have budget constraints, it enables them to adopt the on-premises-based digital identity solutions. However, a significant shift from on-premises-based solutions to cloud-based solutions is expected due to the scalability of benefits. Due to additional features, such as detection of access risks, excess risks, and risk outliers, large enterprises are expected to increasingly adopt digital identity solutions.

Digital Identity Solutions Market

Asia Pacific to grow at the highest CAGR during the forecast period

Asia Pacific (APAC) includes big developing economies, such as China, Japan, India, Singapore, and South Korea. Due to increased sophistication of cyber frauds, citizens and enterprises in APAC are becoming aware about identity and authentication related frauds. Countries, such as China, Japan, and Singapore, have already started implementing digital identity solutions across verticals, including Banking, Financial Services and Insurance (BFSI), healthcare, government and defense verticals. The best example is retail. Enterprises are developing digital identity-based payment solutions for retail. These countries are planning to increase their reach across places, including airports, country and state borders, and other developing countries have also started testing the digital identity solutions. Hence, APAC is expected to grow at the highest CAGR during the forecast period in the digital identity solutions market.

Market Players:

Key market players profiled in this report include NEC (Japan), Samsung SDS (UK), Thales Group(France), GBG PLC (UK), Telus Corp. (Canada), IDEMIA (France), Tessi (France), ForgeRock (US), Jumio (US), Refinitiv (UK), Duo Security (Cisco) (US), AU10TIX (Cyprus), Imageware Systems(US), Verisec(Sweden), Vintegris Tech(Spain), Signicat (Norway), Smartmatic (UK), Syntizen (India), Intesa(IBM) (Italy), RaulWalter (Estonia). These players offer digital identity solutions to cater to the demands and needs of the customer. Major growth strategies adopted by these players include partnerships, collaborations and agreements, and new product launches/product enhancements.

Scope of the Report

Report Metrics

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD Million)

Segments covered

Solution, Authentication Type, Deployment Mode, Organization Size, Vertical, and Region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

NEC (Japan), Samsung SDS (UK), Thales Group(France), GBG (UK), Telus (Canada), IDEMIA (France), Tessi  (France), ForgeRock (US), Jumio (US), Refinitiv (UK), Duo Security (Cisco) (US), AU10TIX (Cyprus), Imageware Systems(US), Verisec(Sweden), vintegrisTECH (Spain), Signicat (Norway), Smartmatic (UK), Syntizen (India), Intesa  (Italy), and RaulWalter (Estonia)

This research report categorizes the digital identity solutions market to forecast revenues and analyze trends in each of the following subsegments:

Based on solutions:

  • Biometrics
  • Non-biometrics

Based on authentication type:

  • Single-factor authentication
  • Multi-factor authentication

Based on deployment mode:

  • Cloud
  • On-premises

Based on organization size:

  • Large enterprises
  • Small and Medium-sized Enterprises (SMEs)

Based on verticals:

  • Banking, Financial Services and Insurance (BFSI)
  • Retail and eCommerce
  • Government and Defense
  • Healthcare
  • Information Technology (IT) and Telecom
  • Energy and Utility
  • Others (Education, Manufacturing and Media and Entertainment)

Based on region:

  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC
  • MEA
    • Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments

  1. In January 2020, under the partnership of Thales Group with Australian government, Thales delivered the digital identity-based license to Australia.
  2. In December 2019, GBG and What3words entered into a partnership to enhance location data for retailers and logistic companies for reaching niche markets easily.
  3. In December 2019, Telus Corp. launched SHAKEN/STIR stands for signature-based handling of asserted information using tokens and the Secure Telephone Identity Revisited standards. This call validation technology has been launched by Telus for combating robocalls.
  4. In September 2019, Seven Bank and NEC Corporation partnered to develop a digital identity based next-generation ATM, which has a facial recognition engine and QR code. The ATM was supposed to be installed to replace old machines from September 2019.
  5. In September 2019, IDEMIA launched MFace Flex, which is a facial biometric solution, to simplify user experience and crowd flow for easier travel at high traffic locations.

Key questions addressed by the report

  • What are the opportunities in the digital identity solutions market?
  • What is the competitive landscape in the digital identity solutions industry?
  • What are the data regulations that will impact the digital identity solutions market?
  • How has digital identity solutions evolved from traditional security solutions?
  • What are the dynamics of the digital identity solutions market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Inclusions and Exclusions
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Research Data: Scope and Definitions
           2.1.2 Data Sourcing and Triangulation
           2.1.3 Secondary Data
                    2.1.3.1 Vendor Selection and Evaluation
                    2.1.3.2 Geographic Analysis
                    2.1.3.3 Analysis of Industry Trends
           2.1.4 Primary Data
                    2.1.4.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Revenue Estimates
           2.2.2 Demand Side Analysis
           2.2.3 Top-Down Approach
    2.3 Market Forecast
    2.4 Competitive Leadership Mapping Methodology
    2.5 Assumptions and Forecast Model
    2.6 Limitations for the Study

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Market Opportunities in the Digital Identity Solutions Market
    4.2 Market By Authentication Type, 2019
    4.3 Market By Organization Size, 2019
    4.4 Digital Identity Solutions Market, Market Share of Top Three Industry Verticals and Top Three Regions, 2019
    4.5 Market By Deployment Mode, 2019
    4.6 Market, Top Three Industry Verticals
    4.7 Market Investment Scenario

5 Market Overview and Industry Trends (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Identity and Authentication Frauds
                    5.2.1.2 Integration of Biometrics in Smartphones
                    5.2.1.3 Increased Focus to Enhance End to End Customer Experience
           5.2.2 Restraints
                    5.2.2.1 Higher Cost Involved in Deploying Digital Identity Solutions
                    5.2.2.2 Lack of Information Security of Consumer Data
           5.2.3 Opportunities
                    5.2.3.1 Integration of AI, ML, and Blockchain Technologies to Enhance Digital Identities
                    5.2.3.2 Increased Adoption of the Cloud-Based Digital Identity Solutions
                    5.2.3.3 Wide Adoption of Authentication Across Verticals
           5.2.4 Challenges
                    5.2.4.1 Threat of Privacy and Data Breach
                    5.2.4.2 Lack of Skilled Security Professionals
    5.3 Use Cases
           5.3.1 Use Case: Scenario 1
           5.3.2 Use Case: Scenario 2
           5.3.3 Use Case: Scenario 3

6 Digital Identity Solutions Market, By Solution (Page No. - 47)
    6.1 Introduction
    6.2 Biometrics
    6.3 Non-Biometrics

7 Market By Authentication Type (Page No. - 51)
    7.1 Introduction
    7.2 Single-Factor Authentication
    7.3 Multi-Factor Authentication

8 Digital Identity Solutions Market, By Deployment Mode (Page No. - 55)
    8.1 Introduction
    8.2 On-Premises
    8.3 Cloud

9 Market By Organization Size (Page No. - 59)
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
    9.3 Large Enterprises

10 Digital Identity Solutions Market, By Vertical (Page No. - 63)
     10.1 Introduction
     10.2 Banking, Financial Services, and Insurance
             10.2.1 Banking, Financial Services and Insurance: Market Drivers
     10.3 Retail and Ecommerce
             10.3.1 Retail and Ecommerce: Market Drivers
     10.4 Government and Defense
             10.4.1 Government and Defense: Market Drivers
     10.5 Healthcare
             10.5.1 Healthcare: Market Drivers
     10.6 IT and Telecom
             10.6.1 IT and Telecom: Market Drivers
     10.7 Energy and Utilities
             10.7.1 Energy and Utilities: Market Drivers
     10.8 Others

11 Digital Identity Solutions Market, By Region (Page No. - 72)
     11.1 Introduction
     11.2 North America
             11.2.1 North America: Market Drivers
             11.2.2 United States
             11.2.3 Canada
     11.3 Europe
             11.3.1 Europe: Market Drivers
             11.3.2 United Kingdom
             11.3.3 Germany
             11.3.4 France
             11.3.5 Rest of Europe
     11.4 Asia Pacific
             11.4.1 Asia Pacific: Digital Identity Solutions Market Drivers
             11.4.2 China
             11.4.3 Japan
             11.4.4 India
             11.4.5 Rest of Asia Pacific
     11.5 Middle East and Africa
             11.5.1 Mea: Market Drivers
             11.5.2 Middle East
             11.5.3 Africa
     11.6 Latin America
             11.6.1 Latin America: Market Drivers
             11.6.2 Brazil
             11.6.3 Mexico
             11.6.4 Rest of Latin America

12 Competitive Landscape (Page No. - 131)
     12.1 Overview
     12.2 Competitive Leadership Mapping
             12.2.1 Visionary Leaders
             12.2.2 Dynamic Differentiators
             12.2.3 Innovators
             12.2.4 Emerging Companies
     12.3 Competitive Scenario
             12.3.1 New Product Launches and Product Enhancements
             12.3.2 Partnerships and Collaborations
             12.3.3 Mergers and Acquisitions

13 Company Profiles (Page No. - 136)
(Business Overview, Products & Organic & Inorganic Strategy, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     13.1 NEC
     13.2 Samsung SDS
     13.3 Thales Group
     13.4 GBG
     13.5 Telus
     13.6 IDEMIA
     13.7 Tessi
     13.8 ForgeRock
     13.9 Jumio
     13.10 Refinitiv
     13.11 Duo Security (Cisco)
     13.12 AU10TIX
     13.13 Imageware Systems
     13.14 Verisec
     13.15 Vintegris Tech
     13.16 Signicat as
     13.17 Smartmatic
     13.18 Syntizen
     13.19 Intesa
     13.20 RaulWalter
     13.21 Right-To-Win

*Details on Business Overview, Products & Organic & Inorganic Strategy,, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 169)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (135 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Digital Identity Solutions Market Ecosystem: Vendor Selection and Evaluation Criteria
Table 3 Factor Analysis
Table 4 Evaluation Criteria
Table 5 Market Size and Growth, 2017–2024 (USD Million, Y-O-Y %)
Table 6 Market Size, By Solution, 2017–2024 (USD Million)
Table 7 Biometrics: Market Size, By Region, 2017–2024 (USD Million)
Table 8 Non-Biometrics: Market Size, By Region, 2017–2024 (USD Million)
Table 9 Digital Identity Solutions Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 10 Single-Factor Authentication: Market Size, By Region, 2017–2024 (USD Million)
Table 11 Multi-Factor Authentication: Market Size, By Region, 2017–2024 (USD Million)
Table 12 Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 13 On-Premises: Market Size, By Region, 2017–2024 (USD Million)
Table 14 Cloud: Market Size, By Region, 2017–2024 (USD Million)
Table 15 Market Size, By Organization Size, 2017–2024 (USD Million)
Table 16 Small and Medium-Sized Enterprises: Market Size, By Region, 2017–2024 (USD Million)
Table 17 Large Enterprises: Market Size, By Region, 2017–2024 (USD Million)
Table 18 Digital Identity Solutions Market Size, By Vertical, 2017–2024 (USD Million)
Table 19 Banking, Financial Services and Insurance: Market Size, By Region, 2017–2024 (USD Million)
Table 20 Retail and Ecommerce: Market Size, By Region, 2017–2024 (USD Million)
Table 21 Government and Defense: Market Size, By Region, 2017–2024 (USD Million)
Table 22 Healthcare: Market Size, By Region, 2017–2024 (USD Million)
Table 23 IT and Telecom: Market Size, By Region, 2017–2024 (USD Million)
Table 24 Energy and Utilities: Market Size, By Region, 2017–2024 (USD Million)
Table 25 Others: Market Size, By Region, 2017–2024 (USD Million)
Table 26 Digital Identity Solutions Market Size, By Region, 2017–2024 (USD Million)
Table 27 North America: Market Size, By Solution, 2017–2024 (USD Million)
Table 28 North America: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 29 North America: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 30 North America: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 31 North America: Market Size, By Vertical, 2017–2024 (USD Million)
Table 32 North America: Market Size, By Country, 2017–2024 (USD Million)
Table 33 United States: Market Size, By Solution, 2017–2024 (USD Million)
Table 34 United States: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 35 United States: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 36 United States: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 37 United States: Market Size, By Vertical, 2017–2024 (USD Million)
Table 38 Canada: Digital Identity Solutions Market Size, By Solution, 2017–2024 (USD Million)
Table 39 Canada: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 40 Canada: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 41 Canada: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 42 Canada: Market Size, By Vertical, 2017–2024 (USD Million)
Table 43 Europe: Market Size, By Solution, 2017–2024 (USD Million)
Table 44 Europe: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 45 Europe: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 46 Europe: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 47 Europe: Market Size, By Vertical, 2017–2024 (USD Million)
Table 48 Europe: Digital Identity Solutions Market Size, By Country, 2017–2024 (USD Million)
Table 49 United Kingdom: Market Size, By Solution, 2017–2024 (USD Million)
Table 50 United Kingdom: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 51 United Kingdom: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 52 United Kingdom: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 53 United Kingdom: Market Size, By Vertical, 2017–2024 (USD Million)
Table 54 Germany: Market Size, By Solution, 2017–2024 (USD Million)
Table 55 Germany: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 56 Germany: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 57 Germany: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 58 Germany: Market Size, By Vertical, 2017–2024 (USD Million)
Table 59 France: Digital Identity Solutions Market Size, By Solution, 2017–2024 (USD Million)
Table 60 France: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 61 France: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 62 France: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 63 France: Market Size, By Vertical, 2017–2024 (USD Million)
Table 64 Rest of Europe: Market Size, By Solution, 2017–2024 (USD Million)
Table 65 Rest of Europe: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 66 Rest of Europe: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 67 Rest of Europe: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 68 Rest of Europe: Market Size, By Vertical, 2017–2024 (USD Million)
Table 69 Asia Pacific: Digital Identity Solutions Market Size, By Solution, 2017–2024 (USD Million)
Table 70 Asia Pacific: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 71 Asia Pacific: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 72 Asia Pacific: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 73 Asia Pacific: Market Size, By Vertical, 2017–2024 (USD Million)
Table 74 Asia Pacific: Market Size, By Country, 2017–2024 (USD Million)
Table 75 China: Market Size, By Solution, 2017–2024 (USD Million)
Table 76 China: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 77 China: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 78 China: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 79 China: Market Size, By Vertical, 2017–2024 (USD Million)
Table 80 Japan: Digital Identity Solutions Market Size, By Solution, 2017–2024 (USD Million)
Table 81 Japan: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 82 Japan: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 83 Japan: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 84 Japan: Market Size, By Vertical, 2017–2024 (USD Million)
Table 85 India: Market Size, By Solution, 2017–2024 (USD Million)
Table 86 India: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 87 India: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 88 India: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 89 India: Digital Identity Solutions Market Size, By Vertical, 2017–2024 (USD Million)
Table 90 Rest of Asia Pacific: Market Size, By Solution, 2017–2024 (USD Million)
Table 91 Rest of Asia Pacific: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 92 Rest of Asia Pacific: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 93 Rest of Asia Pacific: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 94 Rest of Asia Pacific: Market Size, By Vertical, 2017–2024 (USD Million)
Table 95 Middle East and Africa: Market Size, By Solution, 2017–2024 (USD Million)
Table 96 Middle East and Africa: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 97 Middle East and Africa: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 98 Middle East and Africa: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 99 Middle East and Africa: Market Size, By Vertical, 2017–2024 (USD Million)
Table 100 Middle East and Africa: Digital Identity Solutions Market Size, By Sub- Region, 2017–2024 (USD Million)
Table 101 Middle East: Market Size, By Solution, 2017–2024 (USD Million)
Table 102 Middle East: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 103 Middle East: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 104 Middle East: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 105 Middle East: Market Size, By Vertical, 2017–2024 (USD Million)
Table 106 Africa: Market Size, By Solution, 2017–2024 (USD Million)
Table 107 Africa: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 108 Africa: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 109 Africa: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 110 Africa: Market Size, By Vertical, 2017–2024 (USD Million)
Table 111 Latin America: Digital Identity Solutions Market Size, By Solution, 2017–2024 (USD Million)
Table 112 Latin America: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 113 Latin America: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 114 Latin America: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 115 Latin America: Market Size, By Vertical, 2017–2024 (USD Million)
Table 116 Latin America: Market Size, By Country, 2017–2024 (USD Million)
Table 117 Brazil: Market Size, By Solution, 2017–2024 (USD Million)
Table 118 Brazil: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 119 Brazil: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 120 Brazil: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 121 Brazil: Digital Identity Solutions Market Size, By Vertical, 2017–2024 (USD Million)
Table 122 Mexico: Market Size, By Solution, 2017–2024 (USD Million)
Table 123 Mexico: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 124 Mexico: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 125 Mexico: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 126 Mexico: Market Size, By Vertical, 2017–2024 (USD Million)
Table 127 Rest of Latin America: Market Size, By Solution, 2017–2024 (USD Million)
Table 128 Rest of Latin America: Market Size, By Authentication Type, 2017–2024 (USD Million)
Table 129 Rest of Latin America: Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 130 Rest of Latin America: Market Size, By Organization Size, 2017–2024 (USD Million)
Table 131 Rest of Latin America: Digital Identity Solutions Market Size, By Vertical, 2017–2024 (USD Million)
Table 132 Evaluation Criteria
Table 133 New Product Launches and Product Enhancements, 2018–2019
Table 134 Partnerships and Collaborations, 2018–2020
Table 135 Mergers and Acquisitions, 2017–2019
 
 
List of Figures (32 Figures)
 
Figure 1 Digital Identity Solutions Market: Research Design
Figure 2 Sample Secondary Data: Geographic Analysis
Figure 3 Market Size Estimation Methodology: Approach 1
Figure 4 Market Size Estimation Methodology: Approach 2
Figure 5 Global Digital Identity Solutions Market to Witness a Significant Growth During the Forecast Period
Figure 6 Biometrics Segment to Grow at a Higher CAGR During the Forecast Period
Figure 7 North America to Hold the Highest Market Share in 2019
Figure 8 Fastest-Growing Segments of the Market
Figure 9 Increasing Number of Identity Thefts Across Verticals to Fuel the Growth of the Digital Identity Solutions Market
Figure 10 Single-Factor Authentication Segment to Have a Higher Market Share During the Forecast Period
Figure 11 Large Enterprises Segment to Have a Higher Market Share in 2019
Figure 12 Banking, Financial Services and Insurance Vertical and North America to Have the Highest Market Shares in 2019
Figure 13 On-Premises Segment to Hold a Higher Market Share in 2019
Figure 14 Banking, Financial Services and Insurance Vertical to Have the Highest Market Share in 2019
Figure 15 Asia Pacific to Emerge as the Best Market for Investment in the Next Five Years
Figure 16 Drivers, Restraints, Opportunities, and Challenges: Digital Identity Solutions Market
Figure 17 Biometrics Segment to Account for a Larger Market Size During the Forecast Period
Figure 18 Cloud Segment to Grow at a Higher CAGR During the Forecast Period
Figure 19 Small and Medium-Sized Enterprises Segment to Record a Higher CAGR During Forecast Period
Figure 20 Retail and Ecommerce Vertical to Record the Highest Growth Rate During the Forecast Period
Figure 21 Digital Identity Solutions Market in Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 22 North America: Market Snapshot
Figure 23 Asia Pacific: Market Snapshot
Figure 24 Digital Identity Solutions Market (Global), Competitive Leadership Mapping, 2018
Figure 25 Key Developments By the Leading Players in the Market During 2017–2019
Figure 26 NEC: Company Snapshot
Figure 27 NEC: SWOT Analysis
Figure 28 Samsung SDS: Company Snapshot
Figure 29 Samsung SDS: SWOT Analysis
Figure 30 Thales Group: Company Snapshot
Figure 31 GBG: Company Snapshot
Figure 32 Telus: Company Snapshot

The study involved four major activities to estimate the current size of the digital identity solutions market. An exhaustive secondary research was done to collect information on the digital identity solutions market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakup and data triangulation procedures were used to estimate the size of the segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to, for identifying and collecting the information for this study. These secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, such as World Economic Forum, access now etc. and articles by recognized authors; gold standard and silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The digital identity solutions market comprises several stakeholders, such as service providers, solution vendors, system integrators, technology partners, consulting firms, research organizations, managed service providers, government agencies, financial bodies, resellers and distributors, enterprise users, and technology providers. The demand side of the market consists of financial institutions, investors, and insurance companies. The supply side includes digital identity solutions solution providers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:

Digital Identity Solutions Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the digital identity solutions market. These methods were also used extensively to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To determine and forecast the global digital identity solutions market by solution, authentication type, deployment mode, organization size, vertical, and region from 2019 to 2024, and analyze the various macroeconomic and microeconomic factors that affect the market growth
  • To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), Latin America
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall digital identity solutions market
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the digital identity solutions market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakup of APAC into countries contributing 75% to the regional digital identity solutions market size
  • Further breakup of North America into countries contributing 75% to the regional market size
  • Further breakup of Latin America into countries contributing 75% to the regional market size
  • Further breakup of MEA into countries contributing 75% to the regional market size
  • Further breakup of Europe into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

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Related Technologies/Products

 

Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 7537
Published ON
Feb, 2020
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