Digital identity management refers to identifying users with a network, application, or system and controlling the access to resources within those systems and applications.
Global Digital Identity Management Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Global Digital Identity Management market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report “Global Digital Identity Management Market Analysis, 2020”, the Global Digital Identity Management market is anticipated to grow at a CAGR of around 15% during 2021-26F. The growth of the Digital Identity Management market is attributed to factors such as the burgeoning rate of cybercrime and frauds in identity and authentication, escalating integration of biometrics in smartphones, and rising focus on enhanced end-to-end customer experience. Besides these, snowballing cloud-deployment among end-user, increasing investment by the government in securing the identities of their citizen, and growing adoption of advanced technologies such as artificial intelligence (AI), machine learning (ML), and blockchain with digital identities are placing a positive impact toward the growth of the market in the forecast period.
Market Segmentation
Healthcare Segment Acquired the Significant Market Share
Based on End-User, the Healthcare segment acquire a significant market share in the Global Digital Identity Management market in 2019. The robust adoption of digital identity management in medical practitioners, hospitals, laboratories, pharmacies in order to offer patients with improved, intuitive, and personalized care by addressing the security issues related to users’ credentials. Apart from this, rising demand for IDM-enabled electronic health records to assist patient care by providing timely access to patients’, burgeoning inclination toward telemedicine to help provide medical care in remote areas, and surging importance of data minimization and need for security and privacy in this area are anticipated to proliferate the growth of the Digital Identity Management market globally in the near future as revealed by the MarkNtel Advisors’ research report “Global Digital Identity Management Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Digital Identity Management market include NEC Corporation, Samsung SDS, Thales Group, IDEMIA, Tessi Group, ForgeRock, Jumio, Refinitiv, Duo Security (Cisco), Telus Communication Inc., AU10TIX Ltd., ImageWare Systems, Inc., Víntegris S.L, Signicat AS, In.Te.S.A. S.p.A. (IBM Group) etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global Digital Identity Management Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Digital Identity Management Market during 2020-25?
A. The Global Digital Identity Management Market is forecast to grow at a CAGR of 15% during 2020-25.
Q. Who are the key competitors or players operating in Global Digital Identity Management Market?
A. NEC Corporation, Samsung SDS, Thales Group, IDEMIA, Tessi Group, ForgeRock, Jumio, Refinitiv, Duo Security (Cisco), Telus Communication Inc., AU10TIX Ltd., ImageWare Systems, Inc., Víntegris S.L, Signicat AS, In.Te.S.A. S.p.A. (IBM Group) etc., are few of the leading players in the Global Digital Identity Management Market.
Q. Which deployment segment would emerge as an opportunity area for players in Global Digital Identity Management Market?
A. Cloud is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Digital Identity Management Market?
A. Asia-Pacific continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Digital Identity Management Market.
