Meticulous Research® has published an in-depth report titled “Digital Identity Management Solutions Market by Type, Offering, Application, Identity Type, Authentication Type, Organization Size, Deployment Mode, Sector - Global Forecast to 2030.” This report forecasts that the global digital identity management solutions market will grow at a CAGR of 15.4%, reaching $70.8 billion by 2030.
Key drivers for this market growth include the increasing prevalence and sophistication of authentication and identity fraud, particularly in the BFSI sector, government efforts to promote digital identity solutions, and the integration of biometric capabilities into mobile devices.
However, high capital requirements for deploying these solutions are a significant growth inhibitor. Conversely, the rising adoption of cloud-based digital identity management solutions and the growing use of contactless biometric solutions are expected to create significant growth opportunities. Misconceptions and lack of awareness about digital identity management solutions pose challenges for market players.
The market is segmented by type, offering, application, identity type, authentication type, organization size, deployment mode, and sector. Detailed regional and country-level analyses are also provided.
Key Players
The key players operating in the global digital identity management solutions market are Thales Group (France), NEC Corporation (Japan), IDEMIA (France), GB Group plc (U.K.), ForgeRock, Inc. (U.S.), Samsung SDS Co., Ltd. (South Korea), ImageWare Systems Incorporated (U.S.), Signicat (Norway), Syntizen Technologies Pvt. Ltd. (India), HashCash Consultants(U.S.), Jumio Corporation (U.S.), Vintegris, S.L. (Spain), Daon, Inc. (U.S.), Cloudflare, Inc. (U.S.), and Refinitiv Limited (a part of London Stock Exchange Group Plc).
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Key questions answered in the report-
· Which are the high-growth market segments in terms of type, offering, application, identity type, authentication type, organization size, deployment mode, and sector?
· What is the historical market for digital identity management solutions market across the globe?
· What are the market forecasts and estimates for the period of 2023–2030?
· What are the major drivers, restraints, and opportunities in the global digital identity management solutions market?
· Who are the major players in the global digital identity management solutions market, and what share of the market do they hold?
· How is the competitive landscape?
· What are the recent developments in the global digital identity management solutions market?
· What are the different strategies adopted by the major players in the market?
· What are the geographic trends and high-growth countries?
· Who are the local emerging players in the global digital identity solutions market, and how do they compete with the other players?
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