Digital Identity Solutions Market Size, Share and Global Market Forecast to 2026 : MarketsandMarkets

According to a market research report "Digital Identity Solutions Market with Covid-19 Impact Analysis by Component (Solutions and Services), Solution Type (Biometrics and Non-Biometrics), Authentication Type, Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2026", published by MarketsandMarkets™, In the post-COVID-19 scenario, the global Digital Identity Solutions Market size is projected to grow from USD 23.3 Billion in 2021 to USD 49.5 Billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 16.2% from 2021 to 2026.

The market’s growth in the market can be attributed to the increase in instances of identity-related frauds and data breaches and the need for compliance with various upcoming regulations.

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Based on solution type, the Biometric segment is estimated to lead the market in 2021.
Based on solution type, the Digital Identity Solutions Market has been bifurcated into two segments: biometrics and non-biometrics. These solutions play a vital role in every organization. Most organizations are moving toward digitalization and cloud-based infrastructure, which help them drive businesses forward and strengthen customer relationships. Biometric segments market to hold the largest market share in the Digital Identity Solutions Market.
Based on Vertical, Retail and eCommerce segment is estimated to lead the market in 2021.
Retail and eCommerce is growing at an unprecedented rate in North America, Europe, and APAC. This vertical is targeted to extract highly confidential and sensitive data of critical sectors, including government, prime contractors, and suppliers.
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North America is expected to hold the largest market share during the forecast period.

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