The global digital identity solution market is anticipated to grow at a considerable CAGR of 16.2% during the forecast period (2022-2028). The advancement in technology by integration of machine learning and artificial intelligence in digital identity solution is driving the growth of digital identity solution market across the globe. Due to the benefits of artificial intelligence and machine learning solutions, many developers are implementing AI and ML in their solution which increases the demand for digital identity solutions, and this contributes to the growth of the market globally. For instance, cidaas launched an AI-based solution for complete digital identity verification. With cidaas ID Validator, Widas ID GmbH launched a new component for its Customer Identity Suite cidaas, which provides companies with fast, secure, device-independent and seamless digital identity verification during the customer on boarding process.
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Further, the rising demand for cloud-based identity verification solutions is driving the digital identity solution market globally. For instance, in April 2021, V-Key launched digital trust platform to enable secure cloud-based digital solutions and services across the industries. The global digital trust platform allows businesses to deliver new and trusted digital solutions to their customers through it. Moreover, the retail and e-commerce sector is widely adopting digital identity solutions to prevent their business from data leakages and cyber-crimes which led to the digital identity solution market growth during the forecast period across the globe.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Digital identity solution Market Report Segment
By Component
- Solutions
- Services
By Solution Type
- Biometrics
- Non-Biometrics
By Deployment Mode
- Cloud
- On-Premise
By Authentication Type
- Single Factor Authentication
- Multi-Factor Authentication
By Industry Vertical
- BFSI
- Healthcare
- Travel & Hospitality
- Government
- Defense & Aerospace
- It & Telecommunication
- Retail & E-Commerce
- Education
- Others
Global Digital Identity Solution Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital identity solution market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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