The Digital Identity Solution Market was worth USD 27.3 billion in 2022 and is predicted to be worth USD 98.51 billion by 2030, growing at a CAGR of 17.4 % between 2023 and 2030.
The term "digital identity" describes the data that a computer system uses to represent an outside entity. It plays a crucial role in enabling customer service and computer access. A digital identity solution ensures compliance with personal data that exists in digital form, encompassing everything from a person's date of birth to their online activities. These solutions offer numerous advantages, including enhanced accuracy, improved compliance, reduced operational costs, enhanced client experience, and heightened security. The introduction of new ID wallet solutions is expected to provide a significant boost for digital identity systems globally.
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Drivers
Growth of ID wallet options
Rising Authentication and Identity Fraud.
smartphone biometrics integration.
more attention to improving the entire customer experience.
Government policies supporting the digital revolution are becoming stricter.
The introduction of new ID wallet solutions is expected to provide a significant boost for digital identity systems globally. This new technology defines a secure mobile app to keep digitalized and encrypted copies of ID documents, including identification, driver's licenses, vehicle registration cards, and healthcare credentials. In other words, residents can have a solitary, secure source for all of their ID credentials' identification and ID verification services. These wallets allow users to authenticate themselves and their rights to law enforcement, medical personnel, and other individuals both online and in person.
Restrains
Deploying Digital Identity Solutions Has a Higher Cost
Lack of consumer data information security
Data privacy issues involving consumer information
A sizable portion of the world's population uses an e-banking application. Failure or compromised user privacy in the case of breaches in the banking sector is a major problem. The BFSI sector has already embraced cutting-edge information and physical security solutions. However, worries about insecure endpoints, such as desktops, laptops, and mobile devices, are tied to the growing internal and external user population as well as the number and complexity of transactions. These endpoints are the main targets of cyberattacks since they offer simple access that may be leveraged for numerous attack vectors. As a result, users are unaware of sophisticated threats and critical system flaws. Businesses must constantly interact with customers and inform them about the protection of their data. Therefore, better solutions are needed to build the security architecture of an organization.
Opportunities
Increased use of blockchain, AI, and machine learning to improve digital identities
Challenges
implementation of digital identity solutions comes at a high cost.
Concerns about security
As tensions rise and cybersecurity threats become more prevalent, governments, organizations, and individuals may become more concerned about the security of their digital identities. This could lead to an increased demand for robust digital identity solutions that can protect sensitive information and ensure privacy. The conflict may act as a catalyst for the accelerated adoption of digital identity technologies. Governments and organizations may seek to strengthen their cybersecurity measures and enhance identity verification processes to safeguard against potential cyberattacks and information breaches. This could lead to increased investments in advanced authentication methods such as biometrics, multi-factor authentication, and blockchain-based identity systems. The Russia-Ukraine conflict may strain international collaborations and partnerships in the digital identity space. Sanctions, political tensions, and diverging regulatory frameworks could hinder cooperation between countries and organizations, impacting the exchange of best practices, standards, and interoperability of digital identity solutions. Governments may respond to the conflict by strengthening their regulatory frameworks surrounding digital identity. They may introduce or enhance legislation to protect citizens' personal data, regulate identity service providers, and ensure compliance with security and privacy standards. This increased regulation could shape the market landscape and influence the development and adoption of digital identity solutions.
Impact of Recessions
During a recession, businesses are under pressure to cut costs and streamline their operations. Digital identity solutions can help organizations automate processes, reduce manual paperwork, and enhance overall efficiency, thereby reducing costs. With the rise of remote work and online transactions during a recession, there is an increased need for robust digital identity solutions to ensure secure access and protect sensitive information. This can drive the demand for identity verification, authentication, and fraud prevention solutions. During a recession, companies may shift their focus towards providing remote services to cut costs associated with physical infrastructure. During a recession, organizations may experience budget constraints and reduced spending on IT infrastructure and software solutions. This can impact the adoption of digital identity solutions, as companies prioritize essential expenses over investments in identity management.
By offerings
Solutions
Services
By organization size
Large Organization
SMEs
By Identity Type
Biometric
Non- biometric
By Solution Type
Identity Verification
Authentication
Identity Lifecycle Management
Other Solution Types
By Vertical
BFSI
Retail and eCommerce
Government and defense
Healthcare
IT and ITeS
Telecommunications
Energy and Utilities
Other
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The US and Canada are developed nations that make up North America. These nations have built infrastructure and cutting-edge technology. Growing instances of identity theft are what is driving the use of digital identification solutions in this region. Data from the Federal Trade Commission shows that in 2022, it received 2.4 million allegations of fraud, of which 1.1 million were reports of identity theft. The government is motivated to concentrate on bolstering its digital identity system by the high incidence of identity fraud. For these projects, many federal, state, provincial, and local organizations within the region have distinct guidelines and specifications. New technologies like big data and analytics, smartphones, cloud computing, and biometrics are transforming how residents of the region identify themselves online in a variety of sectors, from financial services to healthcare. In the US, projects like the Gov.UK Verify initiative were begun. In August 2021, the government published its revised framework for trusting digital identification and characteristics. Canada is also making progress with the Pan-Canadian Trust Framework, a government digital identification program being launched by the non-profit Digital ID Authentication Council of Canada (DIACC).
In the upcoming years, Asia Pacific is projected to present profitable market prospects. Significant developing economies in Asia-Pacific include China, Japan, India, Singapore, and South Korea. The sector for digital identity solutions in this region is expanding quickly as a result of new technology. Given their potential to improve the efficacy, functionality, scalability, and scope of governmental programs and legislation, digital IDs have grown in popularity on a global scale.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
The major players in the market are ForgeRock, Samsung SDS, Good Digital Identity, Thales, Telus, NEC, IDEMIA, OneSpan, Smartmatic, GBG, Tessi, Signicat, Hashcash Consultant, Duo Security, Daon, ImageWare, Jumio, iProov, ID R&D, Freja EID Group, Vintegris, Syntizen, and others in the final report.
In order to add iProov's biometric solutions suite to Wultra's portfolio of digital banking solutions, the two companies collaborated in May 2023.
Thales announced a collaboration with the Finnish police in March 2023. The Finnish National Police Board intends to issue new digital ID and biometric travel credentials.
ForgeRock introduced a cloud-native digital identity governance solution in November 2022. By integrating its digital identity and access management platforms, the new ForgeRock Identity Governance improves organizational efficiency.
A touchless, multimodal biometric authentication terminal was introduced by NEC in November 2022. To achieve high degrees of verification, this terminal combines iris and face recognition technologies.
| Report Attributes | Details |
| Market Size in 2022 | US$ 27.3 Bn |
| Market Size by 2030 | US$ 98.51 Bn |
| CAGR | CAGR of 17.4 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By offerings (Solutions, Services) • By organization size (Large Organization, SMEs) • By Identity Type (Biometric, Non- biometric) • By Solution Type (Identity Verification, Authentication, Identity Lifecycle Management, Other) • By Vertical (BFSI, Retail and eCommerce, Government and defense, Healthcare, IT and ITeS, Telecommunications, Energy and Utilities, Other) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | ForgeRock, Samsung SDS, Good Digital Identity, Thales, Telus, NEC, IDEMIA, OneSpan, Smartmatic, GBG, Tessi, Signicat, Hashcash Consultant, Duo Security, Daon, ImageWare, Jumio, iProov, ID R&D, Freja EID Group, Vintegris, Syntizen |
| Key Drivers | • Growth of ID wallet options • Rising Authentication and Identity fraud. • smartphone biometrics integration. |
| Market Restraints | • Deploying Digital Identity Solutions Has a Higher Cost • Lack of consumer data information security • Data privacy issues involving consumer information |
Ans: The Digital Identity Solution Market size was valued at US$ 27.3 billion in 2022.
Ans:
Ans: Yes, you can ask for the customization as pas per your business requirement.
Ans: The Digital Identity Solution Market is to Grow at a cagr OF 17.4 % Over the Forecast Period 2023-2030.
Ans: North America region is Dominate the Digital Identity Solution Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Digital Identity Solution Market Segmentation, By offerings
8.1 Solutions
8.2 Service
9. Digital Identity Solution Market Segmentation, By organization size
9.1 Large Organization
9.2 SMEs
10. Digital Identity Solution Market Segmentation, By Identity Type
10.1 Biometric
10.2 Non- biometric
11. Digital Identity Solution Market Segmentation, By Solution Type
11.1 Identity Verification
11.2 Authentication
11.3 Identity Lifecycle Management
11.4 Other
12. Digital Identity Solution Market Segmentation, By Vertical
12.1 BFSI
12.2 Retail and eCommerce
12.3 Government and Defence
12.4 Healthcare
12.5 IT and ITeS
12.6 Telecommunications
12.7 Energy and Utilities
12.8 Other
13 Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 North America Digital Identity Solution Market By Country
13.2.2 North America Digital Identity Solution Market By offerings
13.2.3 North America Digital Identity Solution Market By organization size
13.2.4 North America Digital Identity Solution Market By Identity Type
13.2.5 North America Digital Identity Solution Market By Solution Type
13.2.6 North America Digital Identity Solution Market By Vertical
13.2.7 USA
13.2.7.1 USA Digital Identity Solution Market By offerings
13.2.7.2 USA Digital Identity Solution Market By organization size
13.2.7.3 USA Digital Identity Solution Market By Identity Type
13.2.7.4 USA Digital Identity Solution Market By Solution Type
13.2.7.5 USA Digital Identity Solution Market By Vertical
13.2.8 Canada
13.2.8.1 Canada Digital Identity Solution Market By offerings
13.2.8.2 Canada Digital Identity Solution Market By organization size
13.2.8.3 Canada Digital Identity Solution Market By Identity Type
13.2.8.4 Canada Digital Identity Solution Market By Solution Type
13.2.8.5 Canada Digital Identity Solution Market By Vertical
13.2.9 Mexico
13.2.9.1 Mexico Digital Identity Solution Market By offerings
13.2.9.2 Mexico Digital Identity Solution Market By organization size
13.2.9.3 Mexico Digital Identity Solution Market By Identity Type
13.2.9.4 Mexico Digital Identity Solution Market By Solution Type
13.2.9.5 Mexico Digital Identity Solution Market By Vertical
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Eastern Europe Digital Identity Solution Market By Country
13.3.1.2 Eastern Europe Digital Identity Solution Market By offerings
13.3.1.3 Eastern Europe Digital Identity Solution Market By organization size
13.3.1.4 Eastern Europe Digital Identity Solution Market By Identity Type
13.3.1.5 Eastern Europe Digital Identity Solution Market By Solution Type
13.3.1.6 Eastern Europe Digital Identity Solution Market By Vertical
13.3.1.7 Poland
13.3.1.7.1 Poland Digital Identity Solution Market By offerings
13.3.1.7.2 Poland Digital Identity Solution Market By organization size
13.3.1.7.3 Poland Digital Identity Solution Market By Identity Type
13.3.1.7.4 Poland Digital Identity Solution Market By Solution Type
13.3.1.7.5 Poland Digital Identity Solution Market By Vertical
13.3.1.8 Romania
13.3.1.8.1 Romania Digital Identity Solution Market By offerings
13.3.1.8.2 Romania Digital Identity Solution Market By organization size
13.3.1.8.3 Romania Digital Identity Solution Market By Identity Type
13.3.1.8.4 Romania Digital Identity Solution Market By Solution Type
13.3.1.8.5 Romania Digital Identity Solution Market By Vertical
13.3.1.9 Hungary
13.3.1.9.1 Hungary Digital Identity Solution Market By offerings
13.3.1.9.2 Hungary Digital Identity Solution Market By organization size
13.3.1.9.3 Hungary Digital Identity Solution Market By Identity Type
13.3.1.9.4 Hungary Digital Identity Solution Market By Solution Type
13.3.1.9.5 Hungary Digital Identity Solution Market By Vertical
13.3.1.10 Turkey
13.3.1.10.1 Turkey Digital Identity Solution Market By offerings
13.3.1.10.2 Turkey Digital Identity Solution Market By organization size
13.3.1.10.3 Turkey Digital Identity Solution Market By Identity Type
13.3.1.10.4 Turkey Digital Identity Solution Market By Solution Type
13.3.1.10.5 Turkey Digital Identity Solution Market By Vertical
13.3.1.11 Rest of Eastern Europe
13.3.1.11.1 Rest of Eastern Europe Digital Identity Solution Market By offerings
13.3.1.11.2 Rest of Eastern Europe Digital Identity Solution Market By organization size
13.3.1.11.3 Rest of Eastern Europe Digital Identity Solution Market By Identity Type
13.3.1.11.4 Rest of Eastern Europe Digital Identity Solution Market By Solution Type
13.3.1.11.5 Rest of Eastern Europe Digital Identity Solution Market By Vertical
13.3.2 Western Europe
13.3.2.1 Western Europe Digital Identity Solution Market By Country
13.3.2.2 Western Europe Digital Identity Solution Market By offerings
13.3.2.3 Western Europe Digital Identity Solution Market By organization size
13.3.2.4 Western Europe Digital Identity Solution Market By Identity Type
13.3.2.5 Western Europe Digital Identity Solution Market By Solution Type
13.3.2.6 Western Europe Digital Identity Solution Market By Vertical
13.3.2.7 Germany
13.3.2.7.1 Germany Digital Identity Solution Market By offerings
13.3.2.7.2 Germany Digital Identity Solution Market By organization size
13.3.2.7.3 Germany Digital Identity Solution Market By Identity Type
13.3.2.7.4 Germany Digital Identity Solution Market By Solution Type
13.3.2.7.5 Germany Digital Identity Solution Market By Vertical
13.3.2.8 France
13.3.2.8.1 France Digital Identity Solution Market By offerings
13.3.2.8.2 France Digital Identity Solution Market By organization size
13.3.2.8.3 France Digital Identity Solution Market By Identity Type
13.3.2.8.4 France Digital Identity Solution Market By Solution Type
13.3.2.8.5 France Digital Identity Solution Market By Vertical
13.3.2.9 UK
13.3.2.9.1 UK Digital Identity Solution Market By offerings
13.3.2.9.2 UK Digital Identity Solution Market By organization size
13.3.2.9.3 UK Digital Identity Solution Market By Identity Type
13.3.2.9.4 UK Digital Identity Solution Market By Solution Type
13.3.2.9.5 UK Digital Identity Solution Market By Vertical
13.3.2.10 Italy
13.3.2.10.1 Italy Digital Identity Solution Market By offerings
13.3.2.10.2 Italy Digital Identity Solution Market By organization size
13.3.2.10.3 Italy Digital Identity Solution Market By Identity Type
13.3.2.10.4 Italy Digital Identity Solution Market By Solution Type
13.3.2.10.5 Italy Digital Identity Solution Market By Vertical
13.3.2.11 Spain
13.3.2.11.1 Spain Digital Identity Solution Market By offerings
13.3.2.11.2 Spain Digital Identity Solution Market By organization size
13.3.2.11.3 Spain Digital Identity Solution Market By Identity Type
13.3.2.11.4 Spain Digital Identity Solution Market By Solution Type
13.3.2.11.5 Spain Digital Identity Solution Market By Vertical
13.3.2.12 The Netherlands
13.3.2.12.1 Netherlands Digital Identity Solution Market By offerings
13.3.2.12.2 Netherlands Digital Identity Solution Market By organization size
13.3.2.12.3 Netherlands Digital Identity Solution Market By Identity Type
13.3.2.12.4 Netherlands Digital Identity Solution Market By Solution Type
13.3.2.12.5 Netherlands Digital Identity Solution Market By Vertical
13.3.2.13 Switzerland
13.3.2.13.1 Switzerland Digital Identity Solution Market By offerings
13.3.2.13.2 Switzerland Digital Identity Solution Market By organization size
13.3.2.13.3 Switzerland Digital Identity Solution Market By Identity Type
13.3.2.13.4 Switzerland Digital Identity Solution Market By Solution Type
13.3.2.13.5 Switzerland Digital Identity Solution Market By Vertical
13.3.2.14 Austria
13.3.2.14.1 Austria Digital Identity Solution Market By offerings
13.3.2.14.2 Austria Digital Identity Solution Market By organization size
13.3.2.14.3 Austria Digital Identity Solution Market By Identity Type
13.3.2.14.4 Austria Digital Identity Solution Market By Solution Type
13.3.2.14.5 Austria Digital Identity Solution Market By Vertical
13.3.2.15 Rest of Western Europe
13.3.2.15.1 Rest of Western Europe Digital Identity Solution Market By offerings
13.3.2.15.2 Rest of Western Europe Digital Identity Solution Market By organization size
13.3.2.15.3 Rest of Western Europe Digital Identity Solution Market By Identity Type
13.3.2.15.4 Rest of Western Europe Digital Identity Solution Market By Solution Type
13.3.2.15.5 Rest of Western Europe Digital Identity Solution Market By Vertical
13.4 Asia-Pacific
13.4.1 Asia Pacific Digital Identity Solution Market By Country
13.4.2 Asia Pacific Digital Identity Solution Market By offerings
13.4.3 Asia Pacific Digital Identity Solution Market By organization size
13.4.4 Asia Pacific Digital Identity Solution Market By Identity Type
13.4.5 Asia Pacific Digital Identity Solution Market By Solution Type
13.4.6 Asia Pacific Digital Identity Solution Market By Vertical
13.4.7 China
13.4.7.1 China Digital Identity Solution Market By offerings
13.4.7.2 China Digital Identity Solution Market By organization size
13.4.7.3 China Digital Identity Solution Market By Identity Type
13.4.7.4 China Digital Identity Solution Market By Solution Type
13.4.7.5 China Digital Identity Solution Market By Vertical
13.4.8 India
13.4.8.1 India Digital Identity Solution Market By offerings
13.4.8.2 India Digital Identity Solution Market By organization size
13.4.8.3 India Digital Identity Solution Market By Identity Type
13.4.8.4 India Digital Identity Solution Market By Solution Type
13.4.8.5 India Digital Identity Solution Market By Vertical
13.4.9 Japan
13.4.9.1 Japan Digital Identity Solution Market By offerings
13.4.9.2 Japan Digital Identity Solution Market By organization size
13.4.9.3 Japan Digital Identity Solution Market By Identity Type
13.4.9.4 Japan Digital Identity Solution Market By Solution Type
13.4.9.5 Japan Digital Identity Solution Market By Vertical
13.4.10 South Korea
13.4.10.1 South Korea Digital Identity Solution Market By offerings
13.4.10.2 South Korea Digital Identity Solution Market By organization size
13.4.10.3 South Korea Digital Identity Solution Market By Identity Type
13.4.10.4 South Korea Digital Identity Solution Market By Solution Type
13.4.10.5 South Korea Digital Identity Solution Market By Vertical
13.4.11 Vietnam
13.4.11.1 Vietnam Digital Identity Solution Market By offerings
13.4.11.2 Vietnam Digital Identity Solution Market By organization size
13.4.11.3 Vietnam Digital Identity Solution Market By Identity Type
13.4.11.4 Vietnam Digital Identity Solution Market By Solution Type
13.4.11.5 Vietnam Digital Identity Solution Market By Vertical
13.4.12 Singapore
13.4.12.1 Singapore Digital Identity Solution Market By offerings
13.4.12.2 Singapore Digital Identity Solution Market By organization size
13.4.12.3 Singapore Digital Identity Solution Market By Identity Type
13.4.12.4 Singapore Digital Identity Solution Market By Solution Type
13.4.12.5 Singapore Digital Identity Solution Market By Vertical
13.4.13 Australia
13.4.13.1 Australia Digital Identity Solution Market By offerings
13.4.13.2 Australia Digital Identity Solution Market By organization size
13.4.13.3 Australia Digital Identity Solution Market By Identity Type
13.4.13.4 Australia Digital Identity Solution Market By Solution Type
13.4.13.5 Australia Digital Identity Solution Market By Vertical
13.4.14 Rest of Asia-Pacific
13.4.14.1 APAC Digital Identity Solution Market By offerings
13.4.14.2 APAC Digital Identity Solution Market By organization size
13.4.14.3 APAC Digital Identity Solution Market By Identity Type
13.4.14.4 APAC Digital Identity Solution Market By Solution Type
13.4.14.5 APAC Digital Identity Solution Market By Vertical
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 Middle East Digital Identity Solution Market By country
13.5.1.2 Middle East Digital Identity Solution Market By offerings
13.5.1.3 Middle East Digital Identity Solution Market By organization size
13.5.1.4 Middle East Digital Identity Solution Market By Identity Type
13.5.1.5 Middle East Digital Identity Solution Market By Solution Type
13.5.1.6 Middle East Digital Identity Solution Market By Vertical
13.5.1.7 UAE
13.5.1.7.1 UAE Digital Identity Solution Market By offerings
13.5.1.7.2 UAE Digital Identity Solution Market By organization size
13.5.1.7.3 UAE Digital Identity Solution Market By Identity Type
13.5.1.7.4 UAE Digital Identity Solution Market By Solution Type
13.5.1.7.5 UAE Digital Identity Solution Market By Vertical
13.5.1.8 Egypt
13.5.1.8.1 Egypt Digital Identity Solution Market By offerings
13.5.1.8.2 Egypt Digital Identity Solution Market By organization size
13.5.1.8.3 Egypt Digital Identity Solution Market By Identity Type
13.5.1.8.4 Egypt Digital Identity Solution Market By Solution Type
13.5.1.8.5 Egypt Digital Identity Solution Market By Vertical
13.5.1.9 Saudi Arabia
13.5.1.9.1 Saudi Arabia Digital Identity Solution Market By offerings
13.5.1.9.2 Saudi Arabia Digital Identity Solution Market By organization size
13.5.1.9.3 Saudi Arabia Digital Identity Solution Market By Identity Type
13.5.1.9.4 Saudi Arabia Digital Identity Solution Market By Solution Type
13.5.1.9.5 Saudi Arabia Digital Identity Solution Market By Vertical
13.5.1.10 Qatar
13.5.1.10.1 Qatar Digital Identity Solution Market By offerings
13.5.1.10.2 Qatar Digital Identity Solution Market By organization size
13.5.1.10.3 Qatar Digital Identity Solution Market By Identity Type
13.5.1.10.4 Qatar Digital Identity Solution Market By Solution Type
13.5.1.10.5 Qatar Digital Identity Solution Market By Vertical
13.5.1.11 Rest of Middle East
13.5.1.11.1 Rest of Middle East Digital Identity Solution Market By offerings
13.5.1.11.2 Rest of Middle East Digital Identity Solution Market By organization size
13.5.1.11.3 Rest of Middle East Digital Identity Solution Market By Identity Type
13.5.1.11.4 Rest of Middle East Digital Identity Solution Market By Solution Type
13.5.1.11.5 Rest of Middle East Digital Identity Solution Market By Vertical
13.5.2 Africa
13.5.2.1 Africa Digital Identity Solution Market By Country
13.5.2.2 Africa Digital Identity Solution Market By offerings
13.5.2.3 Africa Digital Identity Solution Market By organization size
13.5.2.4 Africa Digital Identity Solution Market By Identity Type
13.5.2.5 Africa Digital Identity Solution Market By Solution Type
13.5.2.6 Africa Digital Identity Solution Market By Vertical
13.5.2.7 Nigeria
13.5.2.7.1 Nigeria Digital Identity Solution Market By offerings
13.5.2.7.2 Nigeria Digital Identity Solution Market By organization size
13.5.2.7.3 Nigeria Digital Identity Solution Market By Identity Type
13.5.2.7.4 Nigeria Digital Identity Solution Market By Solution Type
13.5.2.7.5 Nigeria Digital Identity Solution Market By Vertical
13.5.2.8 South Africa
13.5.2.8.1 South Africa Digital Identity Solution Market By offerings
13.5.2.8.2 South Africa Digital Identity Solution Market By organization size
13.5.2.8.3 South Africa Digital Identity Solution Market By Identity Type
13.5.2.8.4 South Africa Digital Identity Solution Market By Solution Type
13.5.2.8.5 South Africa Digital Identity Solution Market By Vertical
13.5.2.9 Rest of Africa
13.5.2.9.1 Rest of Africa Digital Identity Solution Market By offerings
13.5.2.9.2 Rest of Africa Digital Identity Solution Market By organization size
13.5.2.9.3 Rest of Africa Digital Identity Solution Market By Identity Type
13.5.2.9.4 Rest of Africa Digital Identity Solution Market By Solution Type
13.5.2.9.5 Rest of Africa Digital Identity Solution Market By Vertical
13.6 Latin America
13.6.1 Latin America Digital Identity Solution Market By Country
13.6.2 Latin America Digital Identity Solution Market By offerings
13.6.3 Latin America Digital Identity Solution Market By organization size
13.6.4 Latin America Digital Identity Solution Market By Identity Type
13.6.5 Latin America Digital Identity Solution Market By Solution Type
13.6.6 Latin America Digital Identity Solution Market By Vertical
13.6.7 Brazil
13.6.7.1 Brazil Digital Identity Solution Market By offerings
13.6.7.2 Brazil Africa Digital Identity Solution Market By organization size
13.6.7.3Brazil Digital Identity Solution Market By Identity Type
13.6.7.4 Brazil Digital Identity Solution Market By Solution Type
13.6.7.5 Brazil Digital Identity Solution Market By Vertical
13.6.8 Argentina
13.6.8.1 Argentina Digital Identity Solution Market By offerings
13.6.8.2 Argentina Digital Identity Solution Market By organization size
13.6.8.3 Argentina Digital Identity Solution Market By Identity Type
13.6.8.4 Argentina Digital Identity Solution Market By Solution Type
13.6.8.5 Argentina Digital Identity Solution Market By Vertical
13.6.9 Colombia
13.6.9.1 Colombia Digital Identity Solution Market By offerings
13.6.9.2 Colombia Digital Identity Solution Market By organization size
13.6.9.3 Colombia Digital Identity Solution Market By Identity Type
13.6.9.4 Colombia Digital Identity Solution Market By Solution Type
13.6.9.5 Colombia Digital Identity Solution Market By Vertical
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Digital Identity Solution Market By offerings
13.6.10.2 Rest of Latin America Digital Identity Solution Market By organization size
13.6.10.3 Rest of Latin America Digital Identity Solution Market By Identity Type
13.6.10.4 Rest of Latin America Digital Identity Solution Market By Solution Type
13.6.10.5 Rest of Latin America Digital Identity Solution Market By Vertical
14 Company Profile
14.1 Samsung SDS
14.1.1 Company Overview
14.1.2 Financials
14.1.3 Product/Services/Offerings
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Good Digital Identity.
14.2.1 Company Overview
14.2.2 Financials
14.2.3 Product/Services/Offerings
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 ForgeRock.
14.3.1 Company Overview
14.3.2 Financials
14.3.3 Product/Services/Offerings
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Thales.
14.4.1 Company Overview
14.4.2 Financials
14.4.3 Product/Services/Offerings
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Telus
14.5.1 Company Overview
14.5.2 Financials
14.5.3 Product/Services/Offerings
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 IDEMIA.
14.6.1 Company Overview
14.6.2 Financials
14.6.3 Product/Services/Offerings
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 OneSpan
14.7.1 Company Overview
14.7.2 Financials
14.7.3 Product/Services/Offerings
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Smartmatic.
14.8.1 Company Overview
14.8.2 Financials
14.8.3 Product/Services/Offerings
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Freja EID Group.
14.9.1 Company Overview
14.9.2 Financials
14.9.3 Product/Services/Offerings
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 NEC.
14.10.1 Company Overview
14.10.2 Financials
14.10.3 Product/Services/Offerings
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. USE Cases and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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