PUBLISHER: TechNavio | PRODUCT CODE: 1516482
PUBLISHER: TechNavio | PRODUCT CODE: 1516482
The digital identity and security market is forecasted to grow by USD 64.4 bn during 2023-2028, accelerating AT a CAGR of 21.23% during the forecast period. The report on the digital identity and security market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in digitalization with electronic ID cards (EID) and SMART infrastructure initiatives, growing incidence of data thefts globally, and integration of biometrics into smartphones.
Technavio's digital identity and security market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 18.09% |
CAGR | 21.23% |
Incremental Value | $64.4bn |
By Component
By Deployment
By Geography
This study identifies the integration of AI, ML, and blockchain technologies to enhance digital identities as one of the prime reasons driving the digital identity and security market growth during the next few years. Also, growing recent developments in global digital identity and security solutions market and growing government initiatives encouraging adoption of digital identity and security SOLU will lead to sizable demand in the market.
The report on the digital identity and security market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading digital identity and security market vendors that include Atos SE, Au10tix Ltd., Daon Inc., Euronovate S.A., Freja eID Group AB, GB Group PLC, IDEMIA France SAS, iProov Ltd., Jumio Corp., London Stock Exchange Group PLC, NEC Corp., OneSpan Inc., Ping Identity Corp., Samsung Electronics Co. Ltd., SECURE IC S.A.S, Smartmatic International Corp., TECH5 Group, TELUS Corp., TESSI, and Thales Group. Also, the digital identity and security market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. IT presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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