Digital Identity Solutions Market 2020: by Demand, Authentication Types, Application, Service Providers, Rising Trends & Growth, Opportunities Assessment & Forecast till 2025

Global Digital Identity Solutions Market: Need for Safe Financial Transactions across Digitized Platforms Accelerates Adoption

Digitization has enabled digital transformation in establishing transparent identity management and authentic verification practices across elaborate financial services. Amidst burgeoning financial crime, and growing consumer mindfulness pertaining to safe financial transactions are likely to steer growth in global digital identity solutions market in the coming years. These market highlights are in line with Adroit Market Research's recently collated research offering tagged in its growing online repository.

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A recent development in digital identity solutions market, the UN ICC (International Computing Center) has successfully launched a digital solutions camp for the sake of new solutions development favoring the establishment of novel digital identity solutions directed for World Food Program and UN Refugee Agency. Novel features such as supply chain tracking, automated medical clearance and an elaborate database of skills. Adoption of biometrics for optimum security and efficiency control were the topics addressed. These developments enable large scale development and new opportunities in global digital identity solutions market.

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Digital Identity solutions advances are making prominent advances in Canada with large scale adoption in the banking sector with integrated biometrics and digital identity smartphone app specifically for residents residing in highly populous regions. The development is the first of its kind digital identity application introduced by the Canadian bank to seamlessly manage fraud prevention, identity verification and the like, this pushing million-dollar growth in digital identity solutions market. Leading market player Signicat best known for its digital identity services is likely to acquire digital identity veteran, Connectis to further strengthen digital identity services across Europe.

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The major players of the global Digital Identity Solutions Market are IDEMIA, ForgeRock, Imageware Systems, Jumio, NEC, Samsung SDS, Signicat, Telus, Tessi, and Thales Group. Moreover, the other potential players in the digital identity solutions market are Refinitiv, Jumio, AU10TIX, Verisec, and Smartmatic. The recognized companies are coming up with innovative and new entertainment technologies and solutions. For instance, In November 2019, IDEMIA announced an agreement with Morocco’s National Security Government Department (NSGD). In this agreement, IDEMIA would provide a secured digital identity online services platform along with the national electronic ID cards for the country.

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Key Segments of the global Digital Identity Solutions Market

Authentication Type Overview, 2018-2025 (USD Billion)
Single-Factor Authentication
Multi-Factor Authentication

Solutions Overview, 2018-2025 (USD Billion)

End Users Overview, 2018-2025 (USD Billion)
IT & Telecom
Government & Defense

Regional Overview, 2018-2025 (USD Billion)
North America
Rest of Europe
Asia Pacific
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East and Africa
South America

Rest of South America
Reasons for the study
The purpose of the study is to give an exhaustive outlook of the global digital identity solutions market. Benchmark yourself against the rest of the market.
Ensure you remain competitive as innovations by existing key players to boost the market.

What does the report include?
The study on the global digital identity solutions market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the digital identity solutions industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented based on authentication type, solutions, and end-users. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.

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Release ID: 88953307