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Global Digital Identity Solutions Market


Global Digital Identity Solutions Market 2022-2032 by Offering (Hardware, Software, IDaaS), Technology (Biometrics, Non-Biometrics), Authentication Type, Deployment Mode, Organization Size, Industry Vertical, and Region: Trend Forecast and Growth Opportunity

Report code: SDMRCO1690505 | Industry: Computers, Electrics & Communications | Published On: 2023-04-30


Global digital identity solutions market will reach $122.98 billion by 2032, growing by 16.9% annually over 2022-2032 owing to rising identity and authentication frauds, digitization trend with increased integration of biometrics in smartphones, and increased focus on enhanced end-to-end customer experience.
Highlighted with 146 tables and 98 figures, this 243-page report “Global Digital Identity Solutions Market 2022-2032 by Offering (Hardware, Software, IDaaS), Technology (Biometrics, Non-Biometrics), Authentication Type, Deployment Mode, Organization Size, Industry Vertical, and Region: Trend Forecast and Growth Opportunity” is based on a holistic research of the entire global digital identity solutions market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global digital identity solutions market in every aspect of the classification from perspectives of Offering, Technology, Authentication Type, Deployment Mode, Organization Size, Industry Vertical, and Region.

Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
• Software
• Identity-as-a-Service (IDaaS)

Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Biometrics
o Fingerprint Recognition
o Facial Recognition
o Iris Recognition
o Voice Recognition
o Palm/Hand Recognition
o Other Biometric Identities
• Non-Biometrics

Based on Authentication Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Single-Factor Authentication
• Multi-Factor Authentication
o Two-Factor Authentication
o Three-Factor Authentication
o Four-Factor Authentication

Based on Deployment Mode, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• On-Premises Solutions
• Cloud-based Solutions
• Hybrid Solutions

Based on Organization Size, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Small and Medium-Sized Enterprises
• Large Enterprises

Based on Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Banking, Financial Services, and Insurance
• Government and Public Service
• Retail and Ecommerce
• Media and Entertainment
• Manufacturing
• Healthcare
• IT and Telecom
• Energy and Utilities
• Cryptocurrency
• Other Industry Verticals

Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and split of key national markets by Technology, Authentication Type, and Industry Vertical over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Specifically, potential risks associated with investing in global digital identity solutions market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players (this may not be a complete list and extra companies can be added upon request):
AU10TIX
Avanade Inc.
Akamai Technologies
BioID Technology
Daon, Inc.
Duo Security (Cisco)
DXC Technology Company
Fingerprint Cards Ab
ForgeRock
GB Group plc (GBG)
Gemalto NV (Thales Group)
IDEMIA France SAS
ImageWare Systems Inc.
IriTech Inc.
Jumio
NEC Corporation
OneLogin
Precise Biometrics AB
Refinitiv
Samsung SDS
SmilePass Ltd.
TelosID
Telus
Tessi
Verisec
Vintegris Tech
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

1  Introduction 12
1.1  Industry  Definition  and  Research  Scope 12
1.1.1  Industry  Definition 12
1.1.2  Research  Scope 13
1.2  Research  Methodology 16
1.2.1  Overview  of  Market  Research  Methodology 16
1.2.2  Market  Assumption 17
1.2.3  Secondary  Data 17
1.2.4  Primary  Data 17
1.2.5  Data  Filtration  and  Model  Design 18
1.2.6  Market  Size/Share  Estimation 19
1.2.7  Research  Limitations 20
1.3  Executive  Summary 21
2  Market  Overview  and  Dynamics 24
2.1  Market  Size  and  Forecast 24
2.1.1  Impact  of  COVID-19  on  World  Economy 29
2.1.2  Impact  of  COVID-19  on  the  Market 32
2.1.3  Impact  of  Russia-Ukraine  Conflict:  War  Slows  Economic  Recovery 34
2.2  Major  Growth  Drivers 38
2.3  Market  Restraints  and  Challenges 42
2.4  Emerging  Opportunities  and  Market  Trends 45
2.5  Porter’s  Fiver  Forces  Analysis 49
3  Segmentation  of  Global  Market  by  Offering 53
3.1  Market  Overview  by  Offering 53
3.2  Hardware 55
3.3  Software 56
3.4  Identity-as-a-Service  (IDaaS) 57
4  Segmentation  of  Global  Market  by  Technology 58
4.1  Market  Overview  by  Technology 58
4.2  Biometrics 60
4.2.1  Fingerprint  Recognition 62
4.2.2  Facial  Recognition 63
4.2.3  Iris  Recognition 64
4.2.4  Voice  Recognition 65
4.2.5  Palm/Hand  Recognition 66
4.2.6  Other  Biometric  Identities 67
4.3  Non-Biometrics 68
5  Segmentation  of  Global  Market  by  Authentication  Type 69
5.1  Market  Overview  by  Authentication  Type 69
5.2  Single-Factor  Authentication 71
5.3  Multi-Factor  Authentication 72
5.3.1  Two-Factor  Authentication 74
5.3.2  Three-Factor  Authentication 75
5.3.3  Four-Factor  Authentication 76
6  Segmentation  of  Global  Market  by  Deployment  Mode 77
6.1  Market  Overview  by  Deployment  Mode 77
6.2  On-Premises  Solutions 79
6.3  Cloud-based  Solutions 80
6.4  Hybrid  Solutions 81
7  Segmentation  of  Global  Market  by  Organization  Size 82
7.1  Market  Overview  by  Organization  Size 82
7.2  Small  and  Medium-Sized  Enterprises 84
7.3  Large  Enterprises 85
8  Segmentation  of  Global  Market  by  Industry  Vertical 86
8.1  Market  Overview  by  Industry  Vertical 86
8.2  Banking,  Financial  Services,  and  Insurance 88
8.3  Government  and  Public  Service 89
8.4  Retail  and  Ecommerce 90
8.5  Media  and  Entertainment 91
8.6  Manufacturing 92
8.7  Healthcare 93
8.8  IT  and  Telecom 94
8.9  Energy  and  Utilities 95
8.10  Cryptocurrency 96
8.11  Other  Industry  Verticals 97
9  Segmentation  of  Global  Market  by  Region 98
9.1  Geographic  Market  Overview  2022-2032 98
9.2  North  America  Market  2022-2032  by  Country 102
9.2.1  Overview  of  North  America  Market 102
9.2.2  U.S. 106
9.2.3  Canada 109
9.2.4  Mexico 111
9.3  European  Market  2022-2032  by  Country 113
9.3.1  Overview  of  European  Market 113
9.3.2  Germany 117
9.3.3  UK 119
9.3.4  France 121
9.3.5  Spain 123
9.3.6  Italy 125
9.3.7  Russia 127
9.3.8  Rest  of  European  Market 129
9.4  Asia-Pacific  Market  2022-2032  by  Country 131
9.4.1  Overview  of  Asia-Pacific  Market 131
9.4.2  Japan 135
9.4.3  China 138
9.4.4  Australia 140
9.4.5  India 142
9.4.6  South  Korea 144
9.4.7  Rest  of  APAC  Region 147
9.5  South  America  Market  2022-2032  by  Country 149
9.5.1  Argentina 152
9.5.2  Brazil 154
9.5.3  Chile 156
9.5.4  Rest  of  South  America  Market 158
9.6  MEA  Market  2022-2032  by  Country 159
9.6.1  UAE 162
9.6.2  Saudi  Arabia 164
9.6.3  South  Africa 166
9.6.4  Other  National  Markets 168
10  Competitive  Landscape 169
10.1  Overview  of  Key  Vendors 169
10.2  New  Product  Launch,  Partnership,  Investment,  and  M&A 172
10.3  Company  Profiles 173
AU10TIX 173
Avanade  Inc. 175
Akamai  Technologies 177
BioID  Technology 179
Daon,  Inc. 182
Duo  Security  (Cisco) 184
DXC  Technology  Company 186
Fingerprint  Cards  Ab 188
ForgeRock 191
GB  Group  plc  (GBG) 193
Gemalto  NV  (Thales  Group) 195
IDEMIA  France  SAS 201
ImageWare  Systems  Inc. 204
IriTech  Inc. 208
Jumio 210
NEC  Corporation 211
OneLogin 216
Precise  Biometrics  AB 218
Refinitiv 221
Samsung  SDS 223
SmilePass  Ltd. 225
TelosID 227
Telus 229
Tessi 231
Verisec 233
Vintegris  Tech 235
11  Investing  in  Global  Market:  Risk  Assessment  and  Management 237
11.1  Risk  Evaluation  of  Global  Market 237
11.2  Critical  Success  Factors  (CSFs) 240
Related  Reports  and  Products 243
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