Global digital identity solution market is expected to reach USD 117,428.81 million by 2030 from USD 28,064.95 million in 2022, growing at a CAGR of 19.8% during the forecast period of 2023 to 2030.
Market Segmentation
Global Digital Identity Solution Market, By Identity Framework (Centralized and Decentralized), Web Type (Web 2 and Web 3), End-User (Enterprise and Individual), Offering (Solution and Services), Solution Type (Authentication, Identity Verification, Identity Lifecycle Management, and Others), Identity Type (Biometric and Non-Biometric), Deployment Mode (On-Premise and Cloud), Organization Size (Large Enterprises and Small & Medium Enterprise) Vertical (Banking, Financial Services, and Insurance, IT & Telecommunication, Government & Defense, Retail & E-Commerce, Healthcare, Energy & Utilities, Media & Entertainment, Travel & Hospitality, Gaming, and Others) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030.
Overview of Global Digital Identity Solution Market Dynamics
- Driver
- Increase in identity-related fraud and data breaches
- Restraint
- High cost of digital identity solutions
- Opportunity
- Advances in biometrics and artificial intelligence (AI)
Market Players:
Some of the key market players operating in the global digital identity solution market are:
- NEC Corporation
- Thales
- Okta
- Cisco Systems, Inc.
- IDEMIA
- Aetsoft Inc.
- Alethea AI
- AU10TIX
- Avanade Inc.
- Bitfury Group Limited
- Bloom Protocol
- BRIGHTID
- cheqd
- Civic Technologies, Inc.
- CyberArk Software Ltd.
- Daon, Inc.
- Dock Labs AG
- Energy Web
- ETHEREUM
- Euronovate Group
- ForgeRock
- FRACTAL ID
- GB Group plc
- GOOD DIGITAL IDENTITY
- IBM
- ID R&D INC.
- Idena
- Identity Automation
- IDTT
- iProov
- Jumio
- KILT
- Metadium Technology Inc.
- Microsoft
- Netki, Inc.
- OneSpan
- Ontology
- Oracle
- PHOTOCHROMIC
- Ping Identity
- Polygon Labs UI (Cayman) Ltd.
- RaulWalter LLC
- Refinitiv
- REMME CAPITAL LTD.
- SAMSUNG SDS.
- SelfKey
- Serto
- Smartmatic.
- Syntizen Technologies Pvt. Ltd.
- TECH5
- TELUS International
- Tessi
- The Linux Foundation (Hyperledger Foundation)
- The Verus Project
- UTU Technologies Limited
- walt.id GmbH
- Worldcoin
TABLE OF CONTENTS
1 INTRODUCTION 108
- 1.1 OBJECTIVES OF THE STUDY 108
- 1.2 MARKET DEFINITION 108
- 1.3 OVERVIEW 108
- 1.4 CURRENCY AND PRICING 110
- 1.5 LIMITATIONS 111
- 1.6 MARKETS COVERED 111
2 MARKET SEGMENTATION 118
- 2.1 MARKETS COVERED 118
- 2.2 YEARS CONSIDERED FOR THE STUDY 119
- 2.3 GEOGRAPHIC SCOPE 120
- 2.4 DBMR TRIPOD DATA VALIDATION MODEL 121
- 2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 124
- 2.6 DBMR MARKET POSITION GRID 125
- 2.7 VENDOR SHARE ANALYSIS 127
- 2.8 MULTIVARIATE MODELLING 128
- 2.9 IDENTITY FRAMEWORK TIMILINE CURVE 128
- 2.10 MARKET APPLICATION COVERAGE GRID 129
- 2.11 SECONDARY SOURCES 130
- 2.12 ASSUMPTIONS 130
3 EXECUTIVE SUMMARY 131
4 PREMIUM INSIGHTS 134
- 4.1 CASE STUDIES 135
- 4.1.1 BUILD 38- DIGITAL IDENTITY 135
- 4.1.1.1 CHALLENGE 135
- 4.1.1.2 SOLUTION 135
- 4.1.2 IPROOV- A CASE STUDY IN GOVERNMENT DIGITAL IDENTITY 136
- 4.1.2.1 CHALLENGE 1: IDENTITY VERIFICATION FOR EU SETTLEMENT SCHEME 136
- 4.1.2.2 CHALLENGE 2: ENHANCING TRAVELER IDENTITY VERIFICATION 136
- 4.1.2.3 CHALLENGE 3: SECURE FACIAL VERIFICATION FOR SINGAPORE RESIDENTS 136
- 4.1.2.4 CHALLENGE 4: SIMPLIFYING ACCESS TO AUSTRALIAN GOVERNMENT SERVICES 137
- 4.1.2.5 CHALLENGE 5: REMOTE NHS LOGIN CREATION 137
- 4.2 TECHNOLOGICAL ADVANCEMENTS 138
5 MARKET OVERVIEW 140
- 5.1 DRIVERS 142
- 5.1.1 INCREASE IN IDENTITY-RELATED FRAUD AND DATA BREACHES 142
- 5.1.2 GROWING ADOPTION OF DIGITAL TECHNOLOGIES WITH ADVENT OF CONNECTED DEVICES/TECHNOLOGIES 145
- 5.1.3 INCREASED ADOPTION OF CLOUD-BASED SOLUTIONS 147
- 5.1.4 RISING ADOPTION OF DECENTRALIZED ID IN NEW APPLICATIONS 149
- 5.2 RESTRAINTS 150
- 5.2.1 HIGH COST OF DIGITAL IDENTITY SOLUTIONS 150
- 5.2.2 LACK OF STANDARDIZATION IN DIGITAL IDENTITY SOLUTIONS 151
- 5.3 OPPORTUNITIES 153
- 5.3.1 ADVANCES IN BIOMETRICS AND ARTIFICIAL INTELLIGENCE (AI) 153
- 5.3.2 DEVELOPMENT OF NEW AUTHENTICATION METHODS 155
- 5.3.3 RISING ADOPTION OF BLOCKCHAIN TECHNOLOGY IN VARIOUS APPLICATIONS 157
- 5.4 CHALLENGES 158
- 5.4.1 CONCERNS RELATED TO USERS ADOPTION 158
- 5.4.2 RISING PRIVACY CONCERNS AMONG CONSUMERS AND ENTERPRISES 158
6 GLOBAL DIGITAL IDENTITY SOLUTION MARKET, BY IDENTITY FRAMEWORK 161
- 6.1 OVERVIEW 162
- 6.2 CENTRALIZED 163
- 6.3 DECENTRALIZED 163
7 GLOBAL DIGITAL IDENTITY SOLUTION MARKET, BY WEB TYPE 164
- 7.1 OVERVIEW 165
- 7.2 WEB 2 166
- 7.3 WEB 3 166
8 GLOBAL DIGITAL IDENTITY SOLUTION MARKET, BY END USER 167
- 8.1 OVERVIEW 168
- 8.2 ENTERPRISE 169
- 8.3 INDIVIDUAL 169
9 GLOBAL DIGITAL IDENTITY SOLUTION MARKET, BY OFFERING 170
- 9.1 OVERVIEW 171
- 9.2 SOLUTION 172
- 9.2.1 HARDWARE 172
- 9.2.2 SOFTWARE 172
- 9.3 SERVICES 173
10 GLOBAL DIGITAL IDENTITY SOLUTION MARKET, BY SOLUTION TYPE 174
- 10.1 OVERVIEW 175
- 10.2 AUTHENTICATION 176
- 10.2.1 BASED ON TOKEN 176
- 10.2.1.1 TOKEN BASED 176
- 10.2.1.2 TOKEN LESS 177
- 10.2.2 FACTOR TYPE 177
- 10.2.2.1 SINGLE-FACTOR AUTHENTICATION 177
- 10.2.2.2 MULTI-FACTOR AUTHENTICATION 177
- 10.2.2.2.1 BY TYPE 177
- 10.2.2.2.1.1 PASSWORD AUTHENTICATION 178
- 10.2.2.2.1.2 PASSWORD LESS AUTHENTICATION 178
- 10.2.2.3 TWO FACTOR AUTHENTICATION 178
- 10.2.2.3.1 BY TYPE 179
- 10.2.2.3.1.1 SMART CARD WITH PIN 179
- 10.2.2.3.1.2 SMART CARD WITH BIOMETRIC TECHNOLOGY 179
- 10.2.2.3.1.3 BIOMETRIC TECHNOLOGY WITH PIN 179
- 10.2.2.3.1.4 ONE TIME PASSWORD WITH PIN 179
- 10.2.2.3.1.5 OTHERS 179
- 10.2.2.4 THREE FACTOR AUTHENTICATION 180
- 10.2.2.4.1 BY TYPE 180
- 10.2.2.4.1.1 SMART CARD WITH PIN AND BIOMETRIC TECHNOLOGY 180
- 10.2.2.4.1.2 PIN WITH TWO FACTOR BIOMETRIC TECHNOLOGY 180
- 10.2.2.4.1.3 THREE FACTOR BIOMETRIC TECHNOLOGY 180
- 10.2.2.4.1.4 OTHERS 180
- 10.2.2.5 FOUR FACTOR AUTHENTICATION 180
- 10.2.2.6 FIVE FACTOR AUTHENTICATION 181
- 10.3 IDENTITY VERIFICATION 181
- 10.3.1 ACCESS CONTROL AND USER MONITORING 181
- 10.3.2 KNOW YOUR CUSTOMER (KYC) 182
- 10.3.3 IDENTITY FRAUD COMPLIANCE 182
- 10.4 IDENTITY LIFECYCLE MANAGEMENT 182
- 10.5 OTHERS 183
11 GLOBAL DIGITAL IDENTITY SOLUTION MARKET, BY IDENTITY TYPE 184
- 11.1 OVERVIEW 185
- 11.2 BIOMETRIC 186
- 11.2.1 FINGERPRINT RECOGNITION 187
- 11.2.2 VOICE RECOGNITION 187
- 11.2.3 IRIS RECOGNITION 187
- 11.2.4 PALM/HAND RECOGNITION 187
- 11.2.5 FACIAL RECOGNITION 187
- 11.2.6 SIGNATURE RECOGNITION 187
- 11.2.7 OTHERS 187
- 11.3 NON-BIOMETRIC 188
12 GLOBAL DIGITAL IDENTITY SOLUTION MARKET, BY DEPLOYMENT MODE 189
- 12.1 OVERVIEW 190
- 12.2 ON-PREMISE 191
- 12.3 CLOUD 191
13 GLOBAL DIGITAL IDENTITY SOLUTION MARKET, BY ORGANIZATION SIZE 192
- 13.1 OVERVIEW 193
- 13.2 LARGE ENTERPRISES 194
- 13.2.1 ON-PREMISE 194
- 13.2.2 CLOUD 195
- 13.3 SMALL & MEDIUM ENTERPRISE 195
- 13.3.1 ON-PREMISE 195
- 13.3.2 CLOUD 195
14 GLOBAL DIGITAL IDENTITY SOLUTION MARKET, BY VERTICAL 196
- 14.1 OVERVIEW 197
- 14.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 198
- 14.2.1 AUTHENTICATION 199
- 14.2.1.1 MULTI-FACTOR AUTHENTICATION 199
- 14.2.1.2 SINGLE-FACTOR AUTHENTICATION 199
- 14.2.2 IDENTITY VERIFICATION 199
- 14.2.3 IDENTITY LIFECYCLE MANAGEMENT 199
- 14.2.4 OTHERS 200
- 14.3 IT & TELECOMMUNICATION 200
- 14.3.1 AUTHENTICATION 200
- 14.3.1.1 MULTI-FACTOR AUTHENTICATION 201
- 14.3.1.2 SINGLE-FACTOR AUTHENTICATION 201
- 14.3.2 IDENTITY VERIFICATION 201
- 14.3.3 IDENTITY LIFECYCLE MANAGEMENT 201
- 14.3.4 OTHERS 201
- 14.4 GOVERNMENT & DEFENSE 202
- 14.4.1 AUTHENTICATION 202
- 14.4.1.1 MULTI-FACTOR AUTHENTICATION 203
- 14.4.1.2 SINGLE-FACTOR AUTHENTICATION 203
- 14.4.2 IDENTITY VERIFICATION 203
- 14.4.3 IDENTITY LIFECYCLE MANAGEMENT 203
- 14.4.4 OTHERS 203
- 14.5 RETAIL & E-COMMERCE 204
- 14.5.1 AUTHENTICATION 205
- 14.5.1.1 MULTI-FACTOR AUTHENTICATION 205
- 14.5.1.2 SINGLE-FACTOR AUTHENTICATION 205
- 14.5.2 IDENTITY VERIFICATION 205
- 14.5.3 IDENTITY LIFECYCLE MANAGEMENT 205
- 14.5.4 OTHERS 205
- 14.6 HEALTHCARE 206
- 14.6.1 AUTHENTICATION 207
- 14.6.1.1 MULTI-FACTOR AUTHENTICATION 207
- 14.6.1.2 SINGLE-FACTOR AUTHENTICATION 207
- 14.6.2 IDENTITY VERIFICATION 207
- 14.6.3 IDENTITY LIFECYCLE MANAGEMENT 207
- 14.6.4 OTHERS 207
- 14.7 ENERGY & UTILITIES 208
- 14.7.1 AUTHENTICATION 209
- 14.7.1.1 MULTI-FACTOR AUTHENTICATION 209
- 14.7.1.2 SINGLE-FACTOR AUTHENTICATION 209
- 14.7.2 IDENTITY VERIFICATION 209
- 14.7.3 IDENTITY LIFECYCLE MANAGEMENT 209
- 14.7.4 OTHERS 209
- 14.8 MEDIA & ENTERTAINMENT 210
- 14.8.1 AUTHENTICATION 211
- 14.8.1.1 MULTI-FACTOR AUTHENTICATION 211
- 14.8.1.2 SINGLE-FACTOR AUTHENTICATION 211
- 14.8.2 IDENTITY VERIFICATION 211
- 14.8.3 IDENTITY LIFECYCLE MANAGEMENT 211
- 14.8.4 OTHERS 211
- 14.9 TRAVEL & HOSPITALITY 212
- 14.9.1 AUTHENTICATION 213
- 14.9.1.1 MULTI-FACTOR AUTHENTICATION 213
- 14.9.1.2 SINGLE-FACTOR AUTHENTICATION 213
- 14.9.2 IDENTITY VERIFICATION 213
- 14.9.3 IDENTITY LIFECYCLE MANAGEMENT 213
- 14.9.4 OTHERS 213
- 14.10 GAMING 214
- 14.10.1 AUTHENTICATION 214
- 14.10.1.1 MULTI-FACTOR AUTHENTICATION 215
- 14.10.1.2 SINGLE-FACTOR AUTHENTICATION 215
- 14.10.2 IDENTITY VERIFICATION 215
- 14.10.3 IDENTITY LIFECYCLE MANAGEMENT 215
- 14.10.4 OTHERS 215
- 14.11 OTHERS 215
15 GLOBAL DIGITAL IDENTITY SOLUTION MARKET, BY GEOGRAPHY 216
- 15.1 OVERVIEW 217
- 15.2 NORTH AMERICA 221
- 15.3 EUROPE 269
- 15.4 ASIA-PACIFIC 430
- 15.5 MIDDLE EAST AND AFRICA 571
- 15.6 SOUTH AMERICA 683
16 GLOBAL DIGITAL IDENTITY SOLUTION MARKET: COMPANY LANDSCAPE 715
- 16.1 COMPANY SHARE ANALYSIS: GLOBAL 715
- 16.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 716
- 16.3 COMPANY SHARE ANALYSIS: EUROPE 717
- 16.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 718
17 SWTO ANALYSIS 719
18 COMPANY PROFILINGS 720
- 18.1 NEC CORPORATION 720
- 18.1.1 COMPANY SNAPSHOT 720
- 18.1.2 REVENUE ANALYSIS 721
- 18.1.3 COMPANY SHARE ANALYSIS 721
- 18.1.4 PRODUCT PORTFOLIO 722
- 18.1.5 RECENT DEVELOPMENTS 722
- 18.2 THALES 723
- 18.2.1 COMPANY SNAPSHOT 723
- 18.2.2 REVENUE ANALYSIS 723
- 18.2.3 COMPANY SHARE ANALYSIS 724
- 18.2.4 PRODUCT PORTFOLIO 724
- 18.2.5 RECENT DEVELOPMENT 724
- 18.3 OKTA 725
- 18.3.1 COMPANY SNAPSHOT 725
- 18.3.2 REVENUE ANALYSIS 725
- 18.3.3 COMPANY SHARE ANALYSIS 726
- 18.3.4 SOLUTION PORTFOLIO 726
- 18.3.5 RECENT DEVELOPMENTS 726
- 18.4 CISCO SYSTEMS, INC. 729
- 18.4.1 COMPANY SNAPSHOT 729
- 18.4.2 REVENUE ANALYSIS 729
- 18.4.3 PRODUCTS PORTFOLIO 730
- 18.4.4 RECENT DEVELOPMENTS 730
- 18.5 IDEMIA 731
- 18.5.1 COMPANY SNAPSHOT 731
- 18.5.2 COMPANY SHARE ANALYSIS 731
- 18.5.3 PRODUCT PORTFOLIO 732
- 18.5.4 RECENT DEVELOPMENT 732
- 18.6 AETSOFT INC. 733
- 18.6.1 COMPANY SNAPSHOT 733
- 18.6.2 SOLUTION PORTFOLIO 733
- 18.6.3 RECENT DEVELOPMENT 733
- 18.7 ALETHEA AI 735
- 18.7.1 COMPANY SNAPSHOT 735
- 18.7.2 BRAND PORTFOLIO 735
- 18.7.3 RECENT DEVELOPMENT 735
- 18.8 AU10TIX 736
- 18.8.1 COMPANY SNAPSHOT 736
- 18.8.2 PRODUCT PORTFOLIO 736
- 18.8.3 RECENT DEVELOPMENTS 736
- 18.9 AVANADE INC. (A SUBSIDIARY OF ACCENTURE) 739
- 18.9.1 COMPANY SNAPSHOT 739
- 18.9.2 PRODUCT PORTFOLIO 739
- 18.9.3 RECENT DEVELOPMENTS 739