The Digital Identity Solutions Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Digital Identity Solutions Market?
The historical trend of growth in the Digital Identity Solutions market reveals that the market size increased from $38.93 billion in 2024 to $45.96 billion in 2025. This represents a compound annual growth rate (CAGR) of 18.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Digital Identity Solutions Industry?
The Digital Identity Solutions market is predicted to expand significantly, reaching a valuation of $96.19 billion in 2029. This growth represents a Compound Annual Growth Rate (CAGR) of 20.3%.
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What are the Key Growth Drivers Fueling the Digital Identity Solutions Market?
The key drivers in the digital identity solutions market are:
• Healthcare and telemedicine expansion
• Rising cybersecurity concerns
• Increase in remote work and overall digitalization
• Growth in usage of IoT devices and biometric authentication.
Global Market Segmentation: Identifying Major Digital Identity Solutions Industry Segments
The digital identity solutions market covered in this report is segmented –
1) By Offering: Solutions, Services
2) By Solution Type: Identity Verification, Authentication, Identity Lifecycle Management, Other Types
3) By Identity Type: Biometrics, Non Biometrics
4) By Deployment Mode: On Premises, Cloud
5) By Vertical: BFSI, Retail And E-Commerce, Government And Defense, Healthcare, IT And Telecommunication, Energy And Utilities, Other Verticals
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What are the Emerging Trends Shaping the Future of the Digital Identity Solutions Market?
The key trends in the digital identity solutions market are:
• Decentralized identity management is emerging as a significant trend in the digital identity solutions market.
• The incorporation of zero trust security models is becoming increasingly prevalent.
• Biometric integration is a notable trend shaping the future of the market.
• The focus on user experience and increasing use of AI and behavioral analytics is a key trend.
Who Are the Top Competitors & Leading Players in the Digital Identity Solutions Market?
Major companies in the digital identity solutions market are:
• NEC Corporation
• Samsung SDS Co. Ltd.
• Thales Group
• GB Group Plc.
• Telus Communications Inc.
• Tessi International
• Daon Inc.
• IDEMIA
• ForgeRock Inc.
• ImageWare Systems Inc.
• Jumio
• Refinitiv
• Syntizen Technologies Pvt. Ltd.
• Sum and Substance Ltd.
• Socure Inc.
• Trulioo Information Services Inc.
• BioCatch Ltd.
• PXL Vision AG
• Airside Mobile Inc.
• Ping Identity Corporation
• Onfido Ltd.
• Signicat AS
• Acuant Inc.
• Veriff OU
• Mitek Systems Inc.
• OneSpan Inc.
• IPROOV LIMITED
• Yoti Ltd.
• Evernym Software Private Limited
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the digital identity solutions market in 2024
