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Global Digital Identity Solutions Market to reach USD 58.47 Billion by 2027.

Global Digital Identity Solutions Market Size study, by Component (Solution, Services) by Solution (Bio-metrics, Non-biometrics), by Authentication (Single-factor authentication, Multi-factor authentication), and Regional Forecasts 2021-2027

Product Code: ICTEITS-78177549
Publish Date: 2-09-2021
Page: 200

Global Digital Identity Solutions Market is valued approximately at USD 20.44 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 16.2% over the forecast period 2021-2027. Digital identity-based security consists of biometric technology and includes multi-factor authentication, and is a better and secure way of authentication as compared to passwords. The global Digital Identity Solutions market is being driven by rising incidences of frauds related to identity and authentication, biometrics integration in smartphones as well as increase in focus towards enhancing end-to-end customer experience. . Furthermore, integration of AI, ML, and block chain technologies to enhance digital identities and growing adoption of the cloud-based digital identity solutions will provide new opportunities for the global Digital Identity Solutions industry. For instance, according to the Aite Group, in 2020, around 47% of Americans had experienced financial identity theft in 2020. Also, in US, the Stark Reality found that losses from identity theft cases cost around USD 502.5 billion in 2019 and increased by 42% amounting to USD 712.4 billion in year 2020. As a result, increase in identity and authentication frauds will necessitate the use of Digital Identity Solutions, thus propelling the market forward. However, higher cost involved in deploying digital identity solutions and lack of information security of consumer data, may impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key regions considered for the regional analysis of global Digital Identity Solutions Market. The presence of several prominent market players delivering advanced solutions to all the industry verticals in the region makes North America the leading region across the world in terms of market share. Whereas North America is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to rising strategic investments, partnerships, and rising R&D activities in the region.
Major market player included in this report are:

NEC
Samsung SDS
Thales Group
GBC
Telus
Tessi
Daon
IDEMIA
Forgerock
Jumio

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component :
Solution
Services
By Solution:
Biometrics
Non-biometrics
By Authentication:
Single-factor authentication
Multi-factor authentication

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Digital Identity Solutions Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Digital Identity Solutions Market , by Region, 2019-2027 (USD Billion)
1.2.2. Digital Identity Solutions Market , by Component , 2019-2027 (USD Billion)
1.2.3. Digital Identity Solutions Market , by Solution , 2019-2027 (USD Billion)
1.2.4. Digital Identity Solutions Market , by Authentication , 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Digital Identity Solutions Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Digital Identity Solutions Market Dynamics
3.1. Digital Identity Solutions Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Rise in identity and authentication frauds
3.1.1.2. Integration of biometrics in smartphones
3.1.1.3. Increased focus to enhance end-to-end customer experience
3.1.2. Market Restraint
3.1.2.1. Higher cost involved in deploying digital identity solutions
3.1.2.2. Lack of information security of consumer data
3.1.3. Market Opportunities
3.1.3.1. Integration of AI, ML, and block chain technologies to enhance digital identities
3.1.3.2. Increase in adoption of the cloud-based digital identity solutions
Chapter 4. Global Digital Identity Solutions Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Digital Identity Solutions Market , by Component
5.1. Market Snapshot
5.2. Global Digital Identity Solutions Market by Component , Performance – Potential Analysis
5.3. Global Digital Identity Solutions Market Estimates & Forecasts by Component 2018-2027 (USD Billion)
5.4. Digital Identity Solutions Market , Sub Segment Analysis
5.4.1. Solutions
5.4.2. Services
Chapter 6. Global Digital Identity Solutions Market , by Solution
a. Market Snapshot
6.1. Global Digital Identity Solutions Market by Solution, Performance – Potential Analysis
6.2. Global Digital Identity Solutions Market Estimates & Forecasts by Solution 2018-2027 (USD Billion)
6.3. Digital Identity Solutions Market , Sub Segment Analysis
6.3.1. Biometrics
6.3.2. Non-Biometrics
Chapter 7. Global Digital Identity Solutions Market , by Authentication
b. Market Snapshot
7.1. Global Digital Identity Solutions Market by Authentication , Performance – Potential Analysis
7.2. Global Digital Identity Solutions Market Estimates & Forecasts by Authentication 2018-2027 (USD Billion)
7.3. Digital Identity Solutions Market , Sub Segment Analysis
7.3.1. Single-factor authentication
7.3.2. Multi-factor authentication
Chapter 8. Global Digital Identity Solutions Market , Regional Analysis
8.1. Digital Identity Solutions Market , Regional Market Snapshot
8.2. North America Digital Identity Solutions Market
8.2.1. U.S. Digital Identity Solutions Market
8.2.1.1. Component breakdown estimates & forecasts, 2018-2027
8.2.1.2. Solution breakdown estimates & forecasts, 2018-2027
8.2.1.3. Authentication breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Digital Identity Solutions Market
8.3. Europe Digital Identity Solutions Market Snapshot
8.3.1. U.K. Digital Identity Solutions Market
8.3.2. Germany Digital Identity Solutions Market
8.3.3. France Digital Identity Solutions Market
8.3.4. Spain Digital Identity Solutions Market
8.3.5. Italy Digital Identity Solutions Market
8.3.6. Rest of Europe Digital Identity Solutions Market
8.4. Asia-Pacific Digital Identity Solutions Market Snapshot
8.4.1. China Digital Identity Solutions Market
8.4.2. India Digital Identity Solutions Market
8.4.3. Japan Digital Identity Solutions Market
8.4.4. Australia Digital Identity Solutions Market
8.4.5. South Korea Digital Identity Solutions Market
8.4.6. Rest of Asia Pacific Digital Identity Solutions Market
8.5. Latin America Digital Identity Solutions Market Snapshot
8.5.1. Brazil Digital Identity Solutions Market
8.5.2. Mexico Digital Identity Solutions Market
8.6. Rest of The World Digital Identity Solutions Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. NEC
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Samsung SDS
9.2.3. Thales Group
9.2.4. GBC
9.2.5. Telus
9.2.6. Tessi
9.2.7. Daon
9.2.8. IDEMIA
9.2.9. Forgerock
9.2.10. Jumio

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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