The Digital Identity Solutions Global Market Report 2023, provides comprehensive information on the digital identity solutions market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global digital identity solutions market size is expected to grow from $27.87 billion in 2022 to $32.94 billion in 2023 at a compound annual growth rate (CAGR) of 18.17%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global digital identity solutions market is expected to reach $65.38 billion in 2027 at a CAGR of 18.70%.
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Technological advancements are a key trend gaining popularity in the market for digital identity solutions. Major companies operating in the digital identity solutions market are focused on developing new technological solutions to strengthen their position in the market. For instance, in January 2022, Samsung SDS Co. Ltd., a South Korea-based provider of information technology services, launched the S3B512C, a smart and all-in-one new fingerprint security IC. With its uniquely designed fingerprint sensor, Secure Element (SE)and Secure Processor, payment cards now have an additional layer of authentication and security. The new security IC is the first all-in-one security chip solution available in the market that can read biometric data from a fingerprint sensor, store and authenticate encrypted data with a tamper-proof SE (Secure Element) and process and analyze data with a Secure Processor.
The digital identity solutions market is segmented:
1) By Offering: Solutions, Services
2) By Solution Type: Identity Verification, Authentication, Identity Lifecycle Management, Other Types
3) By Identity Type: Biometrics, Non Biometrics
4) By Deployment Mode: On Premises, Cloud
5) By Vertical: BFSI, Retail And E-Commerce, Government And Defense, Healthcare, IT And Telecommunication, Energy And Utilities, Other Verticals
North America was the largest region in the digital identity solutions market in 2022.
The table of contents in TBRC’s digital identity solutions market report includes:
1. Executive Summary
2. Digital Identity Solutions Market Characteristics
3. Digital Identity Solutions Market Trends And Strategies
4. Digital Identity Solutions Market – Macro Economic Scenario
5. Digital Identity Solutions Market Size And Growth
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26. Africa Digital Identity Solutions Market
27. Digital Identity Solutions Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Identity Solutions Market
29. Digital Identity Solutions Market Future Outlook and Potential Analysis
30. Appendix
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