Global Digital Identity Solutions Market from Global Insight Services is the single authoritative source of intelligence on Digital Identity Solutions Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, rest Blockchain Market raints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Digital Identity Solutions (DIS) is a set of technologies and services that enable organizations to verify the identity of individuals and devices. DIS can be used to authenticate individuals when they access online services, to authorize transactions, or to verify the identity of devices when they connect to networks. DIS can also be used to manage the lifecycle of digital identities, including the creation, issuance, and revocation of digital credentials.
Digital identity solutions are built on a variety of technologies, including public-key infrastructure (PKI), biometrics, and identity management systems. PKI is a technology that uses cryptographic keys to authenticate individuals and devices. Biometrics is a technology that uses physical or behavioral characteristics to identify individuals. Identity management systems are used to store, manage, and protect digital identities.
Digital identity solutions are used in a variety of applications, including online banking, e-commerce, and enterprise resource planning (ERP). Online banking applications use digital identity solutions to authenticate customers and authorize transactions. E-commerce applications use digital identity solutions to verify the identity of buyers and sellers. ERP applications use digital identity solutions to authenticate users and authorize access to sensitive data.
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Key Drivers & Trends
There are three key trends in digital identity solutions technology:
- The rise of biometrics: Biometrics, such as fingerprints and iris scans, are becoming increasingly common as a way to verify someone’s identity. This is because they are unique to each individual and cannot be easily replicated or stolen.
- The growth of online identity verification: As more and more transactions are carried out online, there is a need for reliable ways to verify someone’s identity. This has led to the growth of online identity verification solutions, such as those offered by Jumio and Onfido.
- The rise of mobile identity solutions: With the growth of smartphones and other mobile devices, it is now possible to verify someone’s identity using their mobile device. This is convenient for both users and businesses, as it eliminates the need for physical documents or cards.
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Key Market Segments
The Digital Identity Solutions Market has been segmented into Component, Solution Type, Deployment Mode, Identity Type, End-use Industry, and Region. Based on the Component, the Digital Identity Solutions market is bifurcated into Solutions and Services. On the basis of Solution Type, the market is segmented into Consumer Identity and Access Management, Authentication, and Others. Based on Deployment Mode, the market is bifurcated into On-Premises and Cloud-Based. Based on Identity Type, the Digital Identity Solutions market is segmented into Biometric, Non-biometric, Research Centers, and Third-party Administrators. On the basis of End-use Industry, the Digital Identity Solutions market is segmented into BFSI, Retail and E-commerce, Travel and Hospitality, Government and Defence, Healthcare, IT and Telecommunication, and Others. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and the Rest of the World.
Key Market Players
The digital identity solutions market report includes players such as Accenture Limited (Ireland), Aetsoft Inc. (US), Avanade Inc. (US), ForgeRock (US), GB Group plc (UK), NEC Corporation (Japan), Okta, Inc. (US), Ping Identity (US), Refinitiv (UK), and Telesign Corporation (US).
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