Digital Identity Solutions Market worth $133.19 billion by 2030- Exclusive Report by MarketsandMarkets™

380 – Tables
265 - Figures
350 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=247527694

Scope of the Report

The growth of the Digital Identity Solutions Market is observed due to factors such as the rise in cybercrimes specifically related to digital authentication and identity related frauds, the need to comply with stringent regulations such as GDPR, CCPA, and eIDAS, and an increased innovation in technologies such as biometric authentication and AI which has brought maximum convenience and security to the users.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=247527694

By Solution, the Hardware segment account for the largest market size during the forecast period.

The hardware segment dominates the Digital Identity Solutions Market because of the increasing demand for biometric authentication hardware, such as fingerprint scanners and facial recognition systems, addresses stringent security requirements against identity fraud and cyber threats, offering more robust protection compared to software solutions. In addition to this, the integration of advanced and emerging technologies like IoT and AI into hardware is fueling the demand, enabling secure identity management across various applications. Additionally, the rising adoption of biometric techniques in sectors such as retail and e-commerce boosts the growth potential of the hardware segment as it enhances secure and seamless identity verification for fraud prevention and customer convenience.

By deployment mode, the cloud segment is to grow at the highest CAGR during the forecast period.

The cloud segment provides flexibility, scalability, and cost-effectiveness, making it an excellent choice for enterprises managing identity services. The cloud-based model enables seamless integration with current IT infrastructure and improves accessibility across varios devices, making it ideal for remote and hybrid work situations. Furthermore, the growing use of cloud services, along with advances in AI and machine learning for identity verification and authentication, is accelerating the need for cloud-based digital identity solutions. Furthermore, legal requirements for safe data handling, as well as increased cybersecurity concerns, are driving firms to adopt sophisticated cloud-based identity management.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=247527694

By region, North America is projected to have the largest market during the forecast period.

North America is projected to have the largest market size in the Digital Identity Solutions Market because of the presence of a large number of vendors such as IBM, CrowdStrike, and DXC Technology as well as due to the region's advanced technological infrastructure. North America has strict regulations like HIPAA and CCPA which pushes organizations to maintain a secure environment by deploying robust cybersecurity solutions and services. In addition to this, the growing cases of identity-related fraud and cybercrimes in the region are driving the region's market growth.

Top Key Companies in Digital Identity Solutions Market:

The report profiles key players such as Thales (France), NEC Corporation (Japan), IDEMIA (France), Samsung SDS (South Korea), Telus (Canada), HID Global (US), CrowdStrike (US), DXC Technologies (US), IBM (US), CyberArk (US).

Browse Adjacent Markets: Information Security Market ResearchReports & Consulting

Related Reports:

DDoS Protection and Mitigation Security Market - Global Forecast to 2029

Security and Vulnerability Management Market - Global Forecast to 2030

Network Security Software Market- Global Forecast to 2029

Security Testing Market- Global Forecast to 2029

Threat Hunting Market- Global Forecast to 2029

Get access to the latest updates on Digital Identity Solutions Companies and Digital Identity Solutions Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/

View original content:https://www.prnewswire.co.uk/news-releases/digital-identity-solutions-market-worth-133-19-billion-by-2030--exclusive-report-by-marketsandmarkets-302289925.html