Digital Identity Solutions Market Report 2025 (Global Edition)

Global Digital Identity Solutions Market Report 2025 Market Size Split by Type (Centralized, Decentralized), by Deployment (Cloud, On-premises, Hybrid), by Enterprise Type (Small and Medium Enterprise...

Digital Identity Solutions Market Report Description

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Digital Identity Solutions Market Insights Video

Competitive Landscape of the Digital Identity Solution Market

The aggressive landscape of the digital identification answer marketplace is marked by way of a various range of players, including hooked up technology businesses, startups, and specialized identification verification corporations. Key gamers are aware of progressive technologies, which include biometrics, artificial intelligence, and blockchain, to enhance security and consumer experience. Partnerships and acquisitions are commonplace techniques to extend carrier services and market reach. Additionally, regulatory compliance and records privateness worries drive opposition, pushing organizations to broaden sturdy answers that meet evolving consumer and enterprise wishes..

November 2023: In an effort to improve its biometric Know Your Customer (KYC) capabilities, Certn purchased Trustmatic, a remote ID verification company based in Europe. By utilizing Trustmatic's automated procedures and facial biometrics comparison capabilities, Certn sought to enhance identity verification and stop fraudulent and duplicate accounts in a number of industries. Source: https://certn.co/press-releases/certns-fourth-acquisition-trustmatic-identity-verification/ October 2023: A strategic alliance was established between IDEX Biometrics and KONA I to launch global biometric cards for banks across the globe. These cards will include metal and recyclable PVC options. In order to provide cutting-edge biometric payment cards, the partnership took advantage of KONA I's extensive production capabilities and certifications from significant card networks, such as Visa and Mastercard. IDEX Pay's first order was swiftly fulfilled by KONA I. Source: https://fintech.global/2023/10/26/idex-biometrics-and-kona-i-join-forces-to-roll-out-global-biometric-cards/ September 2023: Thales launched the Hold Your Own Key (HYOK) interface between CipherTrust Cloud Key Management and Oracle Cloud Infrastructure (OCI) in 45 nations, including Oracle EU Sovereign Cloud. By enabling encryption with externally controlled keys, this partnership aims to support data protection objectives in response to growing demand and OCI's expanding platform. It also complements existing Bring Your Own Key (BYOK) capabilities and helps OCI customers meet their data sovereignty and compliance needs. Source: https://www.oracle.com/in/news/announcement/ocw-thales-external-key-management-2023-09-18/

Top Companies Market Share in Digital Identity Solutions Industry: (In no particular order of Rank)

• IBM Corporation (U.S.)
• Thales (France)
• NEC Corporation (Japan)
• SailPoint Technologies
• Inc. (U.S.)
• Samsung Group (South Korea)
• Saviynt Inc. (U.S.)
• TELUS Communications Inc. (Canada)
• ImageWare Systems
• Inc. (U.S.)
• Daon
• Inc. (U.S.)
• ForgeRock
• Inc. (U.S.)
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Digital Identity Solution Market

Which Region Dominates the Digital Identity Solution Market in 2024?

According to Cognitive Market Research, North America currently dominates the Digital Identity Solutions market, and the region is expected to have significant growth during the projected period. North America is experiencing tremendous growth in the digital identification answer market, driven by means of the increasing call for secure online transactions and remote paintings. Businesses throughout diverse sectors are adopting advanced identification verification technologies to shield touchy statistics and beautify purchaser accept as true. Regulatory compliance and growing cybersecurity threats, in addition, propel investment in strong virtual identity solutions for the duration of the area.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia-Pacific vicinity is witnessing rapid growth within the digital identification answer marketplace, fueled by the aid of growing net penetration and cellular utilization. As e-commerce and virtual offerings amplify the call for secure identity verification increases. Governments are also selling virtual identity projects for citizen offerings, enhancing belief and protection. Improvements in technology and regulatory frameworks across the area support this boom.

The current report Scope analyzes Digital Identity Solutions Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Digital Identity Solutions Market

According to Cognitive Market Research, the global Digital Identity Solution market size was estimated at USD 35241.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 14096.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Digital Identity Solution market with a market size of USD 11122.12 million in 2024 and is projected to grow at a CAGR of 18.5% during the forecast period. The U.S. market's rising cybersecurity threats.
• The Canada Digital Identity Solution market had a market share of USD 1691.58 million in 2024 and is projected to grow at a CAGR of 19.5% during the forecast period. Canada’s regulatory compliance.
• The Mexico Digital Identity Solution market is projected to witness growth at a CAGR of 19.2% during the forecast period, with a market size of USD 1282.78 million in 2024.

Europe Digital Identity Solutions Market

According to Cognitive Market Research, the global Digital Identity Solution market size was estimated at USD 35241.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 10572.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.0% from 2024 to 2031.

• The United Kingdom Digital Identity Solution market had a market share of USD 1776.16 million in 2024 and is projected to grow at a CAGR of 19.8% during the forecast period. In the UK, Digital Identity Solution sales witness an upswing due to the growing e-commerce
• The France Digital Identity Solution market is projected to witness growth at a CAGR of 18.2% during the forecast period, with a market size of USD 972.66 million in 2024.
• According to Cognitive Market Research, the German Digital Identity Solution market size was valued at USD 2093.33 million in 2024 and is projected to grow at a CAGR of 19.2% during the forecast period. In Germany, Digital Identity Solution surged due to the digital transformation.
• The Italy Digital Identity Solution market is projected to witness growth at a CAGR of 18.4% during the forecast period, with a market size of USD 909.22 million in 2024.
• The Russia Digital Identity Solution market is projected to witness growth at a CAGR of 18.0% during the forecast period, with a market size of USD 1638.72 million in 2024.
• The Spain Digital Identity Solution market is projected to witness growth at a CAGR of 18.1% during the forecast period with a market size of USD 866.93 million in 2024
• The Luxembourg Digital Identity Solution market is projected to witness growth at a CAGR of 19.1% during the forecast period, with a market size of USD 327.74 million in 2024.
• The Portugal Digital Identity Solution market is projected to witness growth at a CAGR of 18.8% during the forecast period, with a market size of USD 222.02 million in 2024.
• The Greece Digital Identity Solution market is projected to witness growth at a CAGR of 19.3% during the forecast period, with a market size of USD 126.87 million in 2024.
• The Rest of Europe's Digital Identity Solution market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 1638.72 million in 2024.

Asia Pacific Digital Identity Solutions Market

According to Cognitive Market Research, the global Digital Identity Solution market size was estimated at USD 35241.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 8105.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Digital Identity Solution market size was valued at USD 3647.46 million in 2024 and is projected to grow at a CAGR of 22.0% during the forecast period. Digital Identity Solution surged in China due to government initiatives.
• The Japan Digital Identity Solution market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 1118.56 million in 2024.
• The India Digital Identity Solution market had a market share of USD 972.66 million in 2024 and is projected to grow at a CAGR of 24.3% during the forecast period. India's identity fraud prevention.
• The South Korean Digital Identity Solution market is projected to witness growth at a CAGR of 21.6% during the forecast period, with a market size of USD 810.55 million in 2024.
• The Australian Digital Identity Solution market is projected to witness growth at a CAGR of 22.2% during the forecast period, with a market size of USD 421.48 million in 2024.
• The South East Asia Digital Identity Solution market is projected to witness growth at a CAGR of 23.5% during the forecast period, with a market size of USD 559.28 million in 2024.
• The Rest of Asia Pacific Digital Identity Solution market is projected to witness growth at a CAGR of 22.3% during the forecast period, with a market size of USD 575.49 million in 2024.

South America Digital Identity Solutions Market

According to Cognitive Market Research, the global Digital Identity Solution market size was estimated at USD 35241.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1762.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Digital Identity Solution market size was valued at USD 754.16 million in 2024 and is projected to grow at a CAGR of 20.5% during the forecast period. Digital Identity Solutions flourished in Brazil due to AI advancements.
• Argentina's Digital Identity Solution market had a market share of USD 296.03 million in 2024 and is projected to grow at a CAGR of 20.8% during the forecast period. Argentina's financial sector demand.
• Colombia Digital Identity Solution market is projected to witness growth at a CAGR of 19.7% during the forecast period, with a market size of USD 156.82 million in 2024.
• Peru Digital Identity Solution market is projected to witness growth at a CAGR of 20.1% during the forecast period, with a market size of USD 144.49 million in 2024.
• Chile Digital Identity Solution market is projected to witness growth at a CAGR of 20.2% during the forecast period, with a market size of USD 126.87 million in 2024.
• The Rest of Latin America's Digital Identity Solution market is projected to witness growth at a CAGR of 19.0.% during the forecast period, with a market size of USD 283.69 million in 2024.

Middle East Digital Identity Solutions Market

According to Cognitive Market Research, the global Digital Identity Solution market size was estimated at USD 35241.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 704.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.2% from 2024 to 2031..

• The GCC Countries Digital Identity Solution market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 301.66 million in 2024. Digital Identity Solution sales flourish due to the remote work.
• The Egypt Digital Identity Solution market is projected to witness growth at a CAGR of 20.5% during the forecast period, with a market size of USD 74.01 million in 2024.
• The South Africa Digital Identity Solution market is projected to witness growth at a CAGR of 21.2% during the forecast period, with a market size of USD 111.36 million in 2024. Digital Identity Solution sales flourished in South Africa due to consumer privacy concerns.
• The Turkey Digital Identity Solution market is projected to witness growth at a CAGR of 19.7% during the forecast period, with a market size of USD 60.61 million in 2024.
• The Nigeria Digital Identity Solution market is projected to witness growth at a CAGR of 19.3% during the forecast period, with a market size of USD 74.01 million in 2024.
• The Rest of the MEA Digital Identity Solution market is projected to witness growth at a CAGR of 19.2% during the forecast period, with a market size of USD 83.17 million in 2024.

Digital Identity Solutions Market Analysis

Digital Identity Solution Market Type Segment Analysis

According to Cognitive Market Research, centralized are likely to dominate the Digital Identity Solution Market over the forecast period. The centralized Digital Identity Solution marketplace is gaining traction as agencies seek streamlined identity control for stronger safety and user comfort. By consolidating identification facts right into a single platform, agencies can enhance authentication strategies and decrease fraud dangers. This model simplifies personal access across a couple of services while ensuring compliance with regulations, using adoption throughout sectors, which include finance, healthcare, and authorities.

The decentralized is the fastest-growing segment in the Digital Identity Solution Market. The decentralized Digital Identity Solution marketplace is unexpectedly increasing as people seek more control over their records. By utilizing blockchain and peer-to-peer technologies, decentralized structures beautify privacy and security, allowing users to manage their identities without counting on primary government. This shift promotes agreement and transparency, making decentralized answers increasingly appealing for sectors like finance, healthcare, and social networks.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Digital Identity Solutions Industry. Request a Free Sample PDF!

Digital Identity Solution Market Deployment Segment Analysis

According to Cognitive Market Research, Cloud segment holds the largest share of the market. The cloud-based totally digital identification solution market is experiencing a robust boom as agencies increasingly adopt cloud technologies for scalability and flexibility. Cloud answers provide stable identity control and authentication offerings that may be accessed anytime, anywhere. This version revel while reducing infrastructure prices. Additionally, the integration of advanced analytics and AI in cloud platforms drives innovation and performance in identity verification tactics.

In the Digital Identity Solution Market, On-premises has been expanding at a rapid pace. The on-premises Digital Identity Solution marketplace is developing as groups prioritize control and protection over their identification management systems. This model allows corporations to hold touchy statistics inside their infrastructure, lowering risks associated with external breaches. Enterprises in regulated industries, along with finance and healthcare, specially choose on-premises solutions for compliance purposes ensuring robust safety while handling consumer identities correctly.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Digital Identity Solutions Enterprise Type Segment Analysis

Digital Identity Solution Market Enterprise Type Segment Analysis

According to Cognitive Market Research, Small and Medium Enterprises (SMEs) segment holds the largest market share. The Digital Identity Solution market for small and medium enterprises (SMEs) is unexpectedly growing as those organizations understand the significance of steady identity management. With increasing cyber threats, SMEs are adopting value-effective identification verification answers to shield purchaser information and decorate accept as true with. Additionally, person-friendly equipment and offerings enable SMEs to enforce sturdy security features, fostering compliance and facilitating seamless digital transactions.

In the Digital Identity Solution market, the rapidly growing sector is the Large Enterprises. The Digital Identity Solution marketplace for big businesses is increasing rapidly as organizations are looking to decorate protection and streamline consumer entry across complex structures. With big amounts of touchy information at stake, large corporations are investing advanced identification management answers, which include biometrics and multi-thing authentication. These technologies assist in mitigating risks, ensuring regulatory compliance, and improving average operational efficiency in coping with employee and purchaser identities.

• Small and Medium Enterprises (SMEs)
• Large Enterprises

Digital Identity Solutions Application Segment Analysis

Digital Identity Solution Market Application Segment Analysis

According to Cognitive Market Research, Authentication segment holds the largest market share. The authentication phase of the digital identity answer market is experiencing big growth as organizations prioritize stable access to virtual sources. Enhanced authentication techniques, which include biometrics, multi-component authentication, and unmarried signal-on, are increasingly adopted to combat identification fraud and unauthorized right of entry. This recognition of strong authentication answers now not only protects sensitive records but also improves consumer revel in and compliance with regulatory standards.

In the Digital Identity Solution market, the rapidly growing sector is the Authorization. The authorization segment of the Digital Identity Solution marketplace is growing hastily as businesses emphasize stable access to the right of entry to control sensitive information and assets. Advanced authorization technology, inclusive of position-primarily based access control and adaptive authentication, is being applied to make sure that users have suitable access tiers. This fashion enhances protection, reduces the dangers of statistics breaches, and helps compliance with regulatory necessities throughout diverse industries.

• Authentication
• Authorization
• Access and Lifecycle Management
• Others (Accountability
• Identity federation
• etc.)

Digital Identity Solutions Industry Segment Analysis

Digital Identity Solution Market Industry Segment Analysis

According to Cognitive Market Research, BFSI segment holds the largest market share. The BFSI (Banking, Financial Services, and Insurance) quarter is experiencing enormous growth in the Digital Identity Solution market as institutions prioritize steady transactions and consumers agree with it. With rising cyber threats and regulatory needs, banks and monetary offerings are adopting superior identification verification technology, which includes biometrics and multi-element authentication. These answers enhance security, streamline consumer onboarding, and ensure compliance with stringent guidelines.

In the Digital Identity Solution market, the rapidly growing sector is the Automotive and Manufacturing. The automobile and production sectors are increasingly adopting digital identification answers to beautify safety and streamline operations. As related cars and smart manufacturing technologies proliferate, strong identity management turns into crucial for defensive touchy information and ensuring stable get admission to systems. These solutions assist in preventing unauthorized access, improve delivery chain integrity, and facilitate compliance with enterprise guidelines, driving the increase in this market phase.

• BFSI
• Automotive and Manufacturing
• Government and Public Services
• Energy and Resources
• Healthcare
• IT and Telecommunication
• Others (E-commerce
• etc.)

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion