Learn about the global digital identity market through The Business Research Company, which provides information on digital identity market size, digital identity market drivers and restraints, digital identity market players, the COVID-19 impact on the digital identity market, and more.

The global digital identity market size is expected to grow from $20.55 billion in 2021 to $23.83 billion in 2022 at a compound annual growth rate (CAGR) of 15.98%. The global digital identity market size is expected to reach $43.16 billion in 2026 at a CAGR of 16.01%.

An increase in instances of identity-related fraud and data breaches is contributing to the growth of the digital identity market.

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The digital identity market consists of sales of digital identity solutions by entities (organizations, sole traders, and partnerships) that refer to a set of digital qualities and credentials that are validated in the digital realm, analogous to a person’s real-world identity. As established by national legislation, it is used for various purposes such as a unique identity number, social security number, immunization code, name, location, date of birth, citizenship, biometrics, and others. It has a high level of accuracy and compliance, as well as minimal operational costs, a better client experience, and improved security.

Global Digital Identity Market Segments Include:

By Component: Solutions, Services

By Type: Single-Factor Authentication, Multi-Factor Authentication

By Deployment Type: Cloud, On-Premises

By Organization Size: Large Enterprises, SMEs

By Vertical: BFSI, Retail and eCommerce, Government and Defense, Healthcare, IT and ITeS, Telecommunications, Energy and Utilities, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the digital identity market in 2021.

The partnership among the companies is a key trend gaining popularity in the digital identity market. The companies operating in the digital identity market are focusing on partnering with a technology-based player for the development of innovative technologies and enhancement of existing products to increase customer experience and performance.

TBRC’s Digital Identity Market Report Covers:

Major Market Players: NEC Corporation, Samsung SDS, Thales Group, GBG, Telus, Tessi, IDEMIA, ForgeRock, Jumio, ImageWare Systems, iProov, Daon, ID R&D, Refinitiv, Duo Security, Syntizen Technologies Pvt Ltd, Signicat, Smartmatic, Verisec, Vintegris, and OneSpan.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Digital Identity Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides digital identity market overviews, analyzes and forecasts market size, share, digital identity market players, digital identity market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s digital identity market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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