Summary

The global Digital Identity Solution market size is projected to grow from USD 42.12 billion in 2024 to USD 133.19 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period. The government initiatives and regulations including CCPA, GDPR, eIDAS, and HIPAA are supporting digital ID transformation globally leading to an increase in identity solutions market. In addition to this, the growth in ID wallet solutions such as Civic Key Pass identity wallet, SelfKey Identity Wallet, and Dock i.o’s identity wallet, among others are set to give a serious push to digital identification schemes worldwide. Further a rise in usage of online services offered by commercial businesses in recent years, and an increase in cybercrimes specifically relevant to identity frauds and authentication are responsible for the heightened growth of the digital identity solutions market.
"By Services, the Managed Services will grow at a higher CAGR during the forecast period."
The growth of the Managed services is driven by increasing IT complexity and the need for cost-efficient, secure identity management solutions. Managed services offer expert identity management, live monitoring, and proactive security, which help organizations mitigate identity fraud and data breaches. These services also reduce infrastructure costs through outsourcing and provide scalability to accommodate organizational growth. Furthermore, managed service providers ensure compliance with regulations, allowing businesses to focus on core functions while enhancing productivity and maintaining peak security levels.
"By Organization Size, the Large Organization segment accounts for the largest market size during the forecast period. "
Large organization segment dominates the digital identity solutions market due to their complex IT infrastructures, extensive data management needs, and significant financial resources which drive demand for robust identity management solutions. Large organizations are major targets for cyberattacks, necessitating resilient systems to protect sensitive data and interconnected applications. Their financial and technical capabilities enable investments in advanced technologies like biometric authentication and AI-based analytics to enhance security. Additionally, large enterprises prioritize proactive risk mitigation and adopt emerging technologies, such as blockchain and biometrics, to ensure secure, real-time data access for distributed global workforces and maintain competitiveness.
“By Region, Asia Pacific will grow at the highest CAGR during the forecast period.”
With the increasing acceptance of digital ID programs, regulatory backing, and secure authentication requirements, the Asia Pacific region is to grow at the highest CAGR in the digital identity solutions market. India's Aadhaar, the world's largest biometric system, and Singapore's Singpass provide millions of people access to secure services, while China's real-name regulations and face recognition technologies ensure compliance. Government laws such as KYC in India and Japan's My Number system also encourage the usage of digital IDs, backed up by frameworks such as Australia's Trusted Digital Identity Framework. Moreover, rising cybercrime has increased the demand for fraud protection using sophisticated biometric solutions, which is predicted to expand more in the coming years. Also, high mobile penetration, particularly in Japan and South Korea, facilitates mobile-based digital IDs. APAC is a leader in AI and blockchain integration, as seen by developments such as Alipay's face recognition. Further, with 4.3 billion people, government-led programs like "Digital India" are driving financial inclusion, and the APAC digital identification market is expected to develop at a fast pace.
Breakdown of primaries:
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Digital Identity Solution market.
• By Company Type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
• By Designation: C Level Executives: 35%, Directors: 25% and Others: 40%
• By Region: North America: 45%, Asia pacific: 20%, Europe: 25%, Middle East and Asia: 5%, Latin America: 5%
Key Players:
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), , SailPoint Technologies (US), GBG Corporation (UK), Ping Identity (US), Jumio (US), Onespan (US), TESSI (France), ACI Worldwide (US), Shufti (UK), Duo Security (US), , AU10TIX (Israel), , Imprivata (US), Innovatrics (Slovakia), iProov (UK), Onfido ((UK), Persona (US), Regula (Latvia), Signicat (Norway), Incode Technologies (US), Smartmatic (UK), and Vintegris (Spain) are some of the key players in the Digital Identity Solution market.
The study includes an in-depth competitive analysis of these key players in the Digital Identity Solution Market, with their company profiles, recent developments, and key market strategies.
Research Coverage
The report comprehensively segments the Digital Identity Solution Market. It provides forecasts regarding its size across various dimensions, including By Offering (Solution and Services), By Solution (Hardware and Software), By Servcies (Professional Servcies and Managed Services), By Solution type (Identity Verification, Authentication, Identity Lifecycle Management, and Audit, Compliance and Governance), By Deployment Mode (On-Premises and Cloud), By Organization Size (SMES and Large Enterprises), By Vertical (BFSI, Government, Healthcare, Retail & E-Commerce, Telecommunications,IT & ITES, Energy and Utilities, Education, Manufacturing, Other Verticals), and Region (North America, Europe, Middle East & Africa, Asia Pacific, and Latin America). Additionally, the study encompasses a thorough competitive analysis of key market players, offering insights into their company profiles, product and business offerings, recent developments, and key market strategies.
Key benefits of buying report
The report offers valuable insights to market leaders and new entrants by closely approximating the Digital Identity Solution market's revenue figures and subsegments. Stakeholders can leverage this report to better understand the competitive landscape, enabling them to position their businesses more effectively and develop tailored go-to-market strategies. Additionally, stakeholders can grasp the market dynamics and stay informed about key drivers, restraints, challenges, and opportunities shaping the industry landscape.
The report provides insights on the following pointers:
• Analysis of critical drivers (Government initiatives and regulations supporting digital ID transformation, Rise in ID wallet solutions, Boost in usage of online services offered by commercial businesses in recent years, Rise in identity and authentication fraud), restraints (Lack of information security of consumer data), opportunities (Increased integration of AI, ML and blockchain to enhance digital identities, Adopting biometric devices in digital identity solutions, Adopting advanced authentication techniques across verticals), and challenges (Threat of privacy and data breach, High cost associated with deployment of digital identity solutions.
• Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, new products, and service launches in the Digital Identity Solution market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the Digital Identity Solution market across varied regions.
• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Thales (France), NEC Corporation (Japan), IDEMIA (France), Samsung SDS (South Korea), Telus (Canada).

ページTOPに戻る

Table of Contents

1 INTRODUCTION 48
1.1 STUDY OBJECTIVES 48
1.2 MARKET DEFINITION 48
1.3 MARKET SCOPE 49
1.3.1 MARKET SEGMENTATION 49
1.3.2 INCLUSIONS & EXCLUSIONS 50
1.4 YEARS CONSIDERED 51
1.5 CURRENCY CONSIDERED 51
1.6 STAKEHOLDERS 52
1.7 SUMMARY OF CHANGES 52
2 RESEARCH METHODOLOGY 53
2.1 RESEARCH DATA 53
2.1.1 SECONDARY DATA 54
2.1.2 PRIMARY DATA 54
2.1.2.1 Breakup of primary profiles 55
2.1.2.2 Key industry insights 55
2.2 DATA TRIANGULATION 56
2.3 MARKET SIZE ESTIMATION 57
2.3.1 REVENUE ESTIMATES 57
2.4 MARKET FORECAST 60
2.5 RESEARCH ASSUMPTIONS 61
2.6 RESEARCH LIMITATIONS 62
3 EXECUTIVE SUMMARY 63
4 PREMIUM INSIGHTS 67
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN DIGITAL IDENTITY SOLUTIONS MARKET 67
4.2 DIGITAL IDENTITY SOLUTIONS MARKET, BY OFFERING, 2024 67
4.3 DIGITAL IDENTITY SOLUTIONS MARKET, BY SOLUTION, 2024 68
4.4 DIGITAL IDENTITY SOLUTIONS MARKET, BY SERVICE, 2024 68
4.5 DIGITAL IDENTITY SOLUTIONS MARKET, BY PROFESSIONAL SERVICE, 2024 69
4.6 DIGITAL IDENTITY SOLUTIONS MARKET, BY SOLUTION TYPE, 2024 69
4.7 DIGITAL IDENTITY SOLUTIONS MARKET, BY AUTHENTICATION TYPE, 2024 70
4.8 DIGITAL IDENTITY SOLUTIONS MARKET, BY IDENTITY TYPE, 2024 70
4.9 DIGITAL IDENTITY SOLUTIONS MARKET, BY DEPLOYMENT MODE, 2024 71
4.10 DIGITAL IDENTITY SOLUTIONS MARKET, BY ORGANIZATION SIZE, 2024 71
4.11 DIGITAL IDENTITY SOLUTIONS MARKET, BY VERTICAL AND REGION, 2024 72
4.12 MARKET INVESTMENT SCENARIO 72
5 MARKET OVERVIEW AND INDUSTRY TRENDS 73
5.1 INTRODUCTION 73
5.2 MARKET DYNAMICS 73
5.2.1 DRIVERS 73
5.2.1.1 Government initiatives and regulations supporting digital ID transformation 73
5.2.1.2 Rise in ID wallet solutions 74
5.2.1.3 Boost in usage of online services offered by commercial businesses in recent years 75
5.2.1.4 Rise in identity and authentication frauds 75
5.2.2 RESTRAINTS 75
5.2.2.1 Privacy concerns in digital identity solutions adoption 75
5.2.3 OPPORTUNITIES 76
5.2.3.1 Increased integration of AI, ML, and blockchain technologies to enhance digital identities 76
5.2.3.2 Adoption of biometric devices in digital identity solutions 76
5.2.3.3 Adoption of advanced authentication techniques across verticals 76
5.2.4 CHALLENGES 77
5.2.4.1 High costs associated with deployment of digital identity solutions 77
5.2.4.2 Difficulties in addressing complexities of advanced threats 77
5.3 IMPACT OF GENERATIVE AI ON DIGITAL IDENTITY SOLUTIONS MARKET 77
5.3.1 TOP USE CASES & MARKET POTENTIAL 77
5.3.1.1 Key use cases 78
5.3.2 IMPACT OF GEN AI ON INTERCONNECTED AND ADJACENT ECOSYSTEMS 78
5.3.2.1 Identity and access management 79
5.3.2.2 Blockchain 79
5.3.2.3 Internet of Things (IoT) 80
5.3.2.4 Biometrics authentication 80
5.3.2.5 Cloud computing 80
5.4 CASE STUDY ANALYSIS 80
5.4.1 THALES HELPED TELECOM OPERATOR PROVIDE SEAMLESS AND CONVENIENT DIGITAL ENROLMENT JOURNEYS TO ITS CUSTOMERS 80
5.4.2 IPROOV’S GENUINE PRESENCE ASSURANCE TECHNOLOGY ENABLED USERS TO VERIFY THEIR IDENTITY SECURELY 81
5.4.3 VERIDAS’ ACCESS MANAGEMENT PLATFORM HELPED CLUB TENNIS SABADELL INCREASE ITS SECURITY LEVEL 82
5.4.4 JUMIO IDENTITY VERIFICATION IMPROVED GLOBAL66’S ONBOARDING PROCESS 82
5.4.5 INTEGRATION OF JUMIO’S AUTOMATED DOCUMENT SCANNING AND AUTHENTICATION SOLUTION NETVERIFY INTO MR GREEN’S WEBSITE ENHANCED AUTHENTICATION 83
5.5 VALUE CHAIN ANALYSIS 83
5.6 ECOSYSTEM ANALYSIS 84
5.7 PORTER’S FIVE FORCES ANALYSIS 86
5.7.1 THREAT OF NEW ENTRANTS 87
5.7.2 BARGAINING POWER OF SUPPLIERS 87
5.7.3 BARGAINING POWER OF BUYERS 87
5.7.4 THREAT OF SUBSTITUTES 88
5.7.5 INTENSITY OF COMPETITIVE RIVALRY 88
5.8 PRICING ANALYSIS 88
5.8.1 AVERAGE SELLING PRICE OF VENDORS, BY SOLUTION TYPE, 2024 89
5.8.2 INDICATIVE PRICING ANALYSIS, BY VENDOR 89
5.8.2.1 Microsoft 89
5.8.2.2 IBM 90
5.9 TECHNOLOGY ANALYSIS 90
5.9.1 KEY TECHNOLOGIES 90
5.9.1.1 AI/ML 90
5.9.1.2 Blockchain 91
5.9.2 COMPLEMENTARY TECHNOLOGIES 91
5.9.2.1 Federated identity management 91
5.9.2.2 Authentication 91
5.9.2.2.1 Out-of-band authentication 91
5.9.2.2.2 Baked-in authentication 91
5.9.2.2.3 Facial liveness 91
5.9.3 ADJACENT TECHNOLOGIES 92
5.9.3.1 IoT 92
5.10 PATENT ANALYSIS 92
5.11 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 95
5.12 KEY STAKEHOLDERS & BUYING CRITERIA 96
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 96
5.12.2 BUYING CRITERIA 96
5.13 TRADE ANALYSIS 97
5.13.1 IMPORT SCENARIO OF MAGNETIC OR OPTICAL READERS 97
5.13.2 EXPORT SCENARIO OF DATA PROCESSING & ENCRYPTION HARDWARE 98
5.14 REGULATORY LANDSCAPE 99
5.14.1 TARIFF DATA (HS CODE- 8471): MAGNETIC OR OPTICAL READERS 99
5.14.2 REGULATORY LANDSCAPE 100
5.14.3 GENERAL DATA PROTECTION REGULATION 100
5.14.4 ELECTRONIC IDENTIFICATION, AUTHENTICATION, AND TRUST SERVICES 100
5.14.5 FEDERAL INFORMATION PROCESSING STANDARDS 100
5.14.6 ESSB 6280 101
5.14.7 PERSONAL INFORMATION PROTECTION AND ELECTRONIC DOCUMENTS ACT 101
5.14.8 CRIMINAL JUSTICE INFORMATION SYSTEM SECURITY POLICY 101
5.14.9 FFIEC AUTHENTICATION IN INTERNET BANKING ENVIRONMENT GUIDANCE 101
5.14.10 FAIR AND ACCURATE CREDIT TRANSACTION ACT 101
5.14.11 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 102
5.15 KEY CONFERENCES & EVENTS, 2024–2025 104
5.16 INVESTMENT AND FUNDING SCENARIO 104
6 DIGITAL IDENTITY SOLUTIONS MARKET, BY ATTACK TYPE 105
6.1 INTRODUCTION 105
6.1.1 ATTACK TYPE: DIGITAL IDENTITY SOLUTIONS MARKET DRIVERS 105
6.2 CREDENTIAL STUFFING 105
6.3 PASSWORD SPRAYING 106
6.4 SILVER TICKET ATTACK 106
6.5 PASS-THE-HASH ATTACK 106
6.6 ADVERSARY-IN-THE-MIDDLE (AITM)/MAN-IN-THE-MIDDLE (MITM) ATTACK 106
6.7 KERBEROASTING 106
6.8 GOLDEN TICKET ATTACK 107
6.9 PHISHING AND SOCIAL ENGINEERING ATTACKS 107
7 DIGITAL IDENTITY SOLUTIONS MARKET, BY OFFERING 108
7.1 INTRODUCTION 109
7.1.1 OFFERING: DIGITAL IDENTITY SOLUTIONS MARKET DRIVERS 109
7.2 SOLUTIONS 110
7.2.1 INCREASING DEMAND FOR SAFEGUARDING AGAINST IDENTITY THEFTS AND CYBER THREATS TO DRIVE MARKET 110
7.2.2 HARDWARE 111
7.2.2.1 Surging need for secure and reliable identity verification to fuel market growth 111
7.2.2.2 RFID readers & encoders 113
7.2.2.3 Hardware-based tokens 113
7.2.2.4 Processor ID cards 113
7.2.2.5 Hardware security modules 113
7.2.2.6 Biometric sensors 114
7.2.3 SOFTWARE 114
7.2.3.1 Flexible, secure, and user-friendly ways for managing and authentication of identities to accelerate market growth 114
7.3 SERVICES 115
7.3.1 COMPREHENSIVE SUPPORT AND CONTINUOUS MONITORING TO PROPEL MARKET GROWTH 115
7.3.2 PROFESSIONAL SERVICES 116
7.3.2.1 Surging demand for tailored and reliable identity solutions to bolster market growth 116
7.3.2.2 Integration & deployment 118
7.3.2.3 Support & maintenance 119
7.3.2.4 Training & development 120
 
7.3.3 MANAGED SERVICES 121
7.3.3.1 Continuous monitoring, threat detection, and compliance support to boost market 121
8 DIGITAL IDENTITY SOLUTIONS MARKET, BY SOLUTION TYPE 123
8.1 INTRODUCTION 124
8.1.1 SOLUTION TYPE: DIGITAL IDENTITY SOLUTIONS MARKET DRIVERS 124
8.2 IDENTITY VERIFICATION 125
8.2.1 INCREASING FOCUS ON ENHANCING VERIFICATION PROCESS TO ACCELERATE MARKET GROWTH 125
8.3 AUTHENTICATION 126
8.3.1 RISE IN CYBER THREATS TO FUEL MARKET GROWTH 126
8.3.2 AUTHENTICATION TYPE 127
8.3.2.1 Implementation of flexible, layered security approaches to aid market growth 127
8.3.2.2 Multi-factor authentication 128
8.3.2.3 Single-factor authentication 129
8.3.2.4 Single sign-on 129
8.3.3 IDENTITY TYPE 130
8.3.3.1 High accuracy and security to drive market 130
8.3.3.2 Biometric 131
8.3.3.2.1 Facial recognition 132
8.3.3.2.2 Fingerprint scanning 132
8.3.3.2.3 Iris recognition 133
8.3.3.2.4 Voice recognition 133
8.3.3.2.5 Other biometric authentication types 133
8.3.3.3 Non-biometric 133
8.3.3.3.1 Password-based 134
8.3.3.3.2 Passwordless 135
8.4 IDENTITY LIFECYCLE MANAGEMENT 135
8.4.1 INCREASING NEED FOR IMPROVING SECURITY AND COMPLIANCE TO DRIVE MARKET 135
8.5 AUDIT, COMPLIANCE, AND GOVERNANCE 136
8.5.1 SURGING DEMAND FOR MONITORING IDENTITY-RELATED ACTIVITIES TO PROPEL MARKET GROWTH 136
9 DIGITAL IDENTITY SOLUTIONS MARKET, BY DEPLOYMENT TYPE 138
9.1 INTRODUCTION 139
9.1.1 DEPLOYMENT TYPE: DIGITAL IDENTITY SOLUTIONS MARKET DRIVERS 139
9.2 ON-PREMISES 140
9.2.1 ENHANCED CONTROL AND DATA SECURITY TO BOLSTER ADOPTION OF ON-PREMISES DIGITAL IDENTITY SOLUTIONS 140
9.3 CLOUD 141
9.3.1 SCALABILITY AND FLEXIBILITY TO PROPEL MARKET GROWTH 141
10 DIGITAL IDENTITY SOLUTIONS MARKET, BY ORGANIZATION SIZE 143
10.1 INTRODUCTION 144
10.1.1 ORGANIZATION SIZE: DIGITAL IDENTITY SOLUTIONS MARKET DRIVERS 144
10.2 SMALL- AND MEDIUM-SIZED ENTERPRISES (SMES) 145
10.2.1 AFFORDABILITY AND FLEXIBILITY TO DRIVE MARKET 145
10.3 LARGE ENTERPRISES 146
10.3.1 COMPLEXITY AND SCALABILITY TO PROPEL DEMAND FOR ADVANCED DIGITAL IDENTITY SOLUTIONS IN LARGE ENTERPRISES 146
11 DIGITAL IDENTITY SOLUTIONS MARKET, BY VERTICAL 147
11.1 INTRODUCTION 148
11.1.1 VERTICAL: DIGITAL IDENTITY SOLUTIONS MARKET DRIVERS 148
11.2 BFSI 151
11.2.1 SURGING DEMAND FOR ANYTIME, ANYWHERE BANKING TO FUEL MARKET GROWTH 151
11.3 GOVERNMENT 152
11.3.1 INCREASING FOCUS ON SECURITY AND STREAMLINING ADMINISTRATIVE PROCEDURES TO BOOST MARKET GROWTH 152
11.4 HEALTHCARE 153
11.4.1 DIGITAL IDENTITY SOLUTIONS TO OFFER PATIENTS CONTROL OF DIGITAL IDENTITIES AND DATA-SHARING CHOICES WITH CONSENT MANAGEMENT 153
11.5 RETAIL & ECOMMERCE 154
11.5.1 CUSTOMIZED SHOPPING EXPERIENCES AND INFORMED DECISION-MAKING TO DRIVE MARKET 154
11.6 TELECOMMUNICATIONS 155
11.6.1 INCREASING NEED FOR BUILDING CUSTOMER TRUST AND PROVIDING SEAMLESS AND SECURE DIGITAL EXPERIENCE TO PROPEL MARKET GROWTH 155
11.7 IT & ITES 156
11.7.1 CONTINUOUS NEED FOR VULNERABILITY CHECKS TO BOOST DEMAND FOR DIGITAL IDENTITY SOLUTIONS AND SERVICES 156
11.8 ENERGY & UTILITIES 157
11.8.1 SEAMLESS INTEGRATION OF RENEWABLE ENERGY SOURCES, ELECTRIC VEHICLES, AND ENERGY STORAGE SYSTEMS TO FUEL MARKET GROWTH 157
11.9 EDUCATION 158
11.9.1 DIGITAL IDENTITY SOLUTIONS TO ENHANCE SECURITY AND SUPPORT REMOTE LEARNING ENVIRONMENTS 158
11.10 MANUFACTURING 159
11.10.1 RISING DEMAND FOR STRENGTHENING SECURITY AND INCREASING OPERATIONAL TRANSPARENCY TO FOSTER MARKET GROWTH 159
11.11 OTHER VERTICALS 160
 
12 DIGITAL IDENTITY SOLUTIONS MARKET, BY REGION 161
12.1 INTRODUCTION 162
12.2 NORTH AMERICA 163
12.2.1 NORTH AMERICA: DIGITAL IDENTITY SOLUTIONS MARKET DRIVERS 163
12.2.2 NORTH AMERICA: MACROECONOMIC OUTLOOK 163
12.2.3 US 171
12.2.3.1 Growing internet penetration and government initiatives to aid market growth 171
12.2.4 CANADA 177
12.2.4.1 Increased technological advancements and substantial investments to advance ecosystem 177
12.3 EUROPE 182
12.3.1 EUROPE: DIGITAL IDENTITY SOLUTIONS MARKET DRIVERS 183
12.3.2 EUROPE: MACROECONOMIC OUTLOOK 183
12.3.3 UK 189
12.3.3.1 Stringent legislations and government initiatives to boost market 189
12.3.4 GERMANY 195
12.3.4.1 Technological advancements and inorganic growth strategies to drive market 195
12.3.5 FRANCE 201
12.3.5.1 Growing investments in digitalization and digital identity solutions to accelerate market growth 201
12.3.6 ITALY 208
12.3.6.1 Increasing digital transformation across industries to boost demand for digital identity solutions 208
12.3.7 REST OF EUROPE 213
12.4 ASIA PACIFIC 220
12.4.1 ASIA PACIFIC: DIGITAL IDENTITY SOLUTIONS MARKET DRIVERS 220
12.4.2 ASIA PACIFIC: MACROECONOMIC OUTLOOK 220
12.4.3 CHINA 228
12.4.3.1 Rising implementation of digital identity solutions across all verticals to drive market 228
12.4.4 JAPAN 233
12.4.4.1 Increasing adoption of digital platforms and rising need for robust identity verification methods to support market growth 233
12.4.5 INDIA 239
12.4.5.1 Various digital initiatives and rapid digitalization to drive market 239
12.4.6 AUSTRALIA 245
12.4.6.1 Increased emphasis on secure and efficient identity verification systems to drive market 245
12.4.7 REST OF ASIA PACIFIC 251
 
12.5 MIDDLE EAST & AFRICA 258
12.5.1 MIDDLE EAST & AFRICA: DIGITAL IDENTITY SOLUTIONS MARKET DRIVERS 258
12.5.2 MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK 258
12.5.3 GCC 265
12.5.3.1 Spike in demand for secure identity verification and authentication solutions to support market growth 265
12.5.3.2 UAE 271
12.5.3.3 KSA 277
12.5.3.4 Rest of GCC countries 282
12.5.4 SOUTH AFRICA 289
12.5.4.1 Growing inclination toward advanced digital identity technologies to boost market momentum 289
12.5.5 REST OF MIDDLE EAST & AFRICA 294
12.6 LATIN AMERICA 300
12.6.1 LATIN AMERICA: DIGITAL IDENTITY SOLUTIONS MARKET DRIVERS 301
12.6.2 LATIN AMERICA: MACROECONOMIC OUTLOOK 301
12.6.3 BRAZIL 308
12.6.3.1 Rising use of mobile wallets to drive market 308
12.6.4 MEXICO 313
12.6.4.1 Surging demand for secure online services to boost market growth 313
12.6.5 REST OF LATIN AMERICA 319
13 COMPETITIVE LANDSCAPE 326
13.1 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024 326
13.2 BRAND COMPARISON 327
13.2.1 THALES 328
13.2.2 NEC 328
13.2.3 IDEMIA 328
13.2.4 SAMSUNG SDS 328
13.2.5 TELUS 328
13.3 COMPANY VALUATION AND FINANCIAL METRICS 329
13.3.1 COMPANY VALUATION 329
13.3.2 FINANCIAL METRICS 329
13.4 REVENUE ANALYSIS, 2019–2023 329
13.5 MARKET SHARE ANALYSIS, 2023 330
13.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 333
13.6.1 STARS 333
13.6.2 EMERGING LEADERS 333
13.6.3 PERVASIVE PLAYERS 333
13.6.4 PARTICIPANTS 333
 
13.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 335
13.6.5.1 Company footprint 335
13.6.5.2 Regional footprint 335
13.6.5.3 Offering footprint 336
13.6.5.4 Solution Type footprint 337
13.6.5.5 Vertical footprint 337
13.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 338
13.7.1 PROGRESSIVE COMPANIES 338
13.7.2 RESPONSIVE COMPANIES 338
13.7.3 DYNAMIC COMPANIES 339
13.7.4 STARTING BLOCKS 339
13.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES 340
13.7.5.1 Detailed list of key startups/SMEs 340
13.7.5.2 Competitive benchmarking of key startups/SMEs 340
13.8 COMPETITIVE SCENARIO 342
13.8.1 PRODUCT LAUNCHES & ENHANCEMENTS 342
13.8.2 DEALS 344
14 COMPANY PROFILES 347
14.1 KEY PLAYERS 347
14.1.1 THALES 347
14.1.1.1 Business overview 347
14.1.1.2 Products/Solutions/Services offered 348
14.1.1.3 Recent developments 349
14.1.1.3.1 Deals 349
14.1.1.4 MnM view 350
14.1.1.4.1 Key strengths 350
14.1.1.4.2 Strategic choices 350
14.1.1.4.3 Weaknesses and competitive threats 350
14.1.2 NEC 351
14.1.2.1 Business overview 351
14.1.2.2 Products/Solutions/Services offered 352
14.1.2.3 Recent developments 352
14.1.2.3.1 Product launches & enhancements 352
14.1.2.3.2 Deals 353
14.1.2.4 MnM view 353
14.1.2.4.1 Key strengths 353
14.1.2.4.2 Strategic choices 353
14.1.2.4.3 Weaknesses and competitive threats 353
 
14.1.3 IDEMIA 354
14.1.3.1 Business overview 354
14.1.3.2 Products/Solutions/Services offered 354
14.1.3.3 Recent developments 355
14.1.3.3.1 Product launches & enhancements 355
14.1.3.3.2 Deals 355
14.1.3.4 MnM view 356
14.1.3.4.1 Key strengths 356
14.1.3.4.2 Strategic choices 356
14.1.3.4.3 Weaknesses and competitive threats 356
14.1.4 SAMSUNG SDS 357
14.1.4.1 Business overview 357
14.1.4.2 Products/Solutions/Services offered 358
14.1.4.3 Recent developments 359
14.1.4.3.1 Product launches & enhancements 359
14.1.4.4 MnM view 359
14.1.4.4.1 Key strengths 359
14.1.4.4.2 Strategic choices 359
14.1.4.4.3 Weaknesses and competitive threats 360
14.1.5 TELUS 361
14.1.5.1 Business overview 361
14.1.5.2 Products/Solutions/Services offered 362
14.1.5.3 MnM view 362
14.1.5.3.1 Key strengths 362
14.1.5.3.2 Strategic choices 362
14.1.5.3.3 Weaknesses and competitive threats 362
14.1.6 HID GLOBAL 363
14.1.6.1 Business overview 363
14.1.6.2 Products/Solutions/Services offered 363
14.1.6.3 Recent developments 364
14.1.6.3.1 Deals 364
14.1.7 CROWDSTRIKE 365
14.1.7.1 Business overview 365
14.1.7.2 Products/Solutions/Services offered 366
14.1.8 DXC TECHNOLOGY 367
14.1.8.1 Business overview 367
14.1.8.2 Products/Solutions/Services offered 368
14.1.9 IBM 369
14.1.9.1 Business overview 369
14.1.9.2 Products/Solutions/Services offered 370
 
14.1.10 CYBERARK 371
14.1.10.1 Business overview 371
14.1.10.2 Products/Solutions/Services offered 372
14.1.10.3 Recent developments 373
14.1.10.3.1 Product launches & enhancements 373
14.1.10.3.2 Deals 373
14.1.11 SAILPOINT TECHNOLOGIES 374
14.1.11.1 Business overview 374
14.1.11.2 Products/Solutions/Services offered 374
14.1.11.3 Recent developments 375
14.1.11.3.1 Product launches & enhancements 375
14.1.11.3.2 Deals 376
14.1.12 GBG 377
14.1.12.1 Business overview 377
14.1.12.2 Products/Solutions/Services offered 378
14.1.13 PING IDENTITY 380
14.1.13.1 Business overview 380
14.1.13.2 Products/Solutions/Services offered 380
14.1.13.3 Recent developments 381
14.1.13.3.1 Product launches & enhancements 381
14.1.14 TESSI 382
14.1.14.1 Business overview 382
14.1.14.2 Products/Solutions/Services offered 382
14.1.14.3 Recent developments 383
14.1.14.3.1 Deals 383
14.1.15 ACI WORLDWIDE 384
14.1.15.1 Business overview 384
14.1.15.2 Products/Solutions/Services offered 385
14.2 OTHER PLAYERS 386
14.2.1 JUMIO 386
14.2.2 ONESPAN 387
14.2.3 DUO SECURITY 387
14.2.4 IMPRIVATA 388
14.2.5 ONFIDO 388
14.2.6 SMARTMATIC 389
14.2.7 SIGNICAT 389
14.2.8 SHUFTI 390
14.2.9 REGULA 391
14.2.10 INCODE TECHNOLOGIES 392
14.2.11 PERSONA 393
14.2.12 AU10TIX 394
14.2.13 IPROOV 394
14.2.14 VINTEGRIS 395
14.2.15 INNOVATRICS 395
15 ADJACENT MARKETS 396
15.1 INTRODUCTION 396
15.2 LIMITATIONS 396
15.3 IDENTITY VERIFICATION MARKET 396
15.4 MULTI-FACTOR AUTHENTICATION MARKET 398
16 APPENDIX 400
16.1 DISCUSSION GUIDE 400
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 404
16.3 CUSTOMIZATION OPTIONS 406
16.4 RELATED REPORTS 406
16.5 AUTHOR DETAILS 407