Digital Trust Market, By End-Use Industry, By Solution Type, By Deployment Model, By Organization Size, By Digital Identity Type, By Geography

Description

The Global Digital Trust Market size is estimated at US$ 308.34 Billion in 2023 and is expected to reach US$ 781.07 billion by 2030, growing at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023/2024:	US$ 308.34 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023/2024 to 2030/2031 CAGR:	14.20%	2030/2031 Value Projection:	US$ 781.07 Bn

Figure 1. Global Digital Trust Market Share (%), By Region, 2023

Digital trust is an essential component in today's digitally-driven economy, encapsulating the confidence users have in the ability of systems, technology, and processes to create a secure environment for their interactions online. It encompasses a multitude of aspects including, but not limited to, data privacy, security, compliance, and risk management, all of which are fundamental in fostering user trust in digital services. As businesses and consumers increasingly adopt digital platforms for transactions, communications, and services, the demand for robust digital trust frameworks is on the rise. This market spans various industries and sectors, with top-tier companies delivering comprehensive solutions to mitigate threats, secure data, verify identities, and ensure regulatory compliance. These solutions are not only paramount in maintaining the integrity and continuity of digital operations but also in cultivating a safe digital experience that aligns with user expectations and legal requirements.

Market Dynamics:

The digital trust market is experiencing significant dynamism driven by the escalating need for cyber security solutions amidst an ever-expanding digital landscape. This market is influenced by various factors including technological advancements, regulatory changes, the proliferation of digital identities, and the increasing sophistication of cyber threats. As organizations continue to embrace digital transformation, the emphasis on safeguarding critical data assets and ensuring user privacy has intensified, spurring growth in the digital trust domain.

Market dynamics are fueled by the rising incidence of data breaches and cyber-attacks, which compel businesses to deploy robust security frameworks to maintain customer confidence and comply with stringent data protection regulations. Additionally, the adoption of cloud-based services, the Internet of Things (IoT), and mobile applications have expanded the threat landscape, necessitating advanced trust solutions. Governmental and industry regulations, such as GDPR in Europe, CCPA in California, and various other data protection laws worldwide, are also pivotal in shaping market dynamics by setting compliance standards that digital trust services must meet. Additionally, collaborations and partnerships among key market players are common strategies to expand service offerings and geographical reach.

However, lack of awareness and understanding, complexity and integration challenges, and cost and budget constraints are expected to hamper the growth of the digital trust market over the forecast period.

Key Features of the Study:

This report provides an in-depth analysis of the global digital trust market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global digital trust market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include IBM Corporation, Microsoft Corporation, NASDAQ, Oracle Corporation, Symantec Corporation, Thales Group, DigiCert, Inc., Entrust Datacard Corporation, Verizon Communications Inc., Trustwave Holdings, Inc., ForgeRock, Ping Identity Corporation, Cisco Systems, Inc., RSA Security LLC (a subsidiary of Dell Technologies), OneSpan Inc., Okta, Inc., Nok Labs, Inc., Signicat AS, and Jumio Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global digital trust market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global digital trust market

Digital Trust Market Detailed Segmentation:

By End-use Industry:
- Finance and Banking
- Healthcare
- Government
- Others (Insurance, Retail etc.)
By Solution Type:
- Data Verification
- Authentication
- ID Authentication
- Fraud Prevention
- Compliance
- Others (Data Management, Encryption etc.)
By Deployment Type:
- On-Premises
- Cloud-based
- Hybrid
By Organization Size:
- Large Enterprises
- Midmarket
- Small Business
- Others (non-profits, government)
By Digital Identity Type:
- Centralized Identity
- Decentralized Identity
- Federated Identity
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Company Profiles:
- IBM Corporation
- Microsoft Corporation
- NASDAQ
- Oracle Corporation
- Symantec Corporation
- Thales Group
- DigiCert, Inc.
- Entrust Datacard Corporation
- Verizon Communications Inc.
- Trustwave Holdings, Inc.
- ForgeRock
- Ping Identity Corporation
- Cisco Systems, Inc.
- RSA Security LLC (a subsidiary of Dell Technologies)
- OneSpan Inc.
- Okta, Inc.
- Nok Labs, Inc.
- Signicat AS
- Jumio Corporation

Product Code: CMI6135

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By End-use Industry
- Market Snippet, By Solution Type
- Market Snippet, By Deployment Type
- Market Snippet, By Organization Size
- Market Snippet, By Digital Identity Type
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Growing Cyber Security Threats
Increasing Digitalization
Regulatory Compliance
- Restraints
Lack of Awareness and Understanding
Complexity and Integration Challenges
Cost and Budget Constraints
- Opportunities
Expansion of E-commerce
Digital Identity Solutions
Internet of Things (IoT) Security
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Digital Trust Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Digital Trust Market, By End-use Industry, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Finance and Banking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Government
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Others (Insurance, Retail etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)

6. Digital Trust Market, By Solution Type, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Data Verification
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Authentication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
ID Authentication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Fraud Prevention
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Compliance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Others (Data Management, Encryption etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)

7. Digital Trust Market, By Deployment Type, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
On-Premises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Cloud-based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Hybrid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)

8. Digital Trust Market, By Organization Size, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Large Enterprises
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Midmarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Small Market
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Others (non-profits, government)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)

9. Digital Trust Market, By Digital Identity Type, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Centralized Identity
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Decentralized Identity
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Federated Identity
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)

10. Digital Trust Market, By Region, 2018-2030, (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2018 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Solution Type Industry, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Digital Identity Type, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Billion)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Solution Type Industry, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Digital Identity Type, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Billion)
Germany
U.K.
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Solution Type Industry, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Digital Identity Type, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Billion)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Solution Type Industry, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Digital Identity Type, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Billion)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Solution Type Industry, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Deployment Type, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Organization Size, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Digital Identity Type, 2018-2030,(US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Billion)
GCC Countries
Israel
South Africa
Rest of Middle East

11. Competitive Landscape

IBM Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Microsoft Corporation
NASDAQ
Oracle Corporation
Symantec Corporation
Thales Group
DigiCert, Inc.
Entrust Datacard Corporation
Verizon Communications Inc.
Trustwave Holdings, Inc.
ForgeRock
Ping Identity Corporation
Cisco Systems, Inc.
RSA Security LLC (a subsidiary of Dell Technologies)
OneSpan Inc.
Okta, Inc.
Nok Nok Labs, Inc.
Signicat AS
Jumio Corporation
Analyst Views

12. Section

Research Methodology
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