Global Digital Identify Solutions Market Size, Trends & Growth Opportunity, By Authentication Type (Single-Factor Authentication, and Multi-Factor Authentication), By Solution (Biometric, and Non-Biometrics), By End User (BFSI, IT & Telecomm, Retail, Government & Defense, Healthcare, and Others), By Region and Forecast till 2027
Global Digital Identify Solutions Market
The global Digital Identify Solutions  market was valued at USD 25  billion in 2021 and it is expected to reach at USD 116.07 billion in 2027 at a CAGR of 18.6 % during forecast period 2022-2027
Digital identify solutions are flexible and scalable which can help organizations in reducing costs as well as complex identify solutions. A digital Identify solution comprises biometrics and non-biometric solutions which provides extra layer of security to systems, devices, and data. It is widedly used in various industries such as BFSI, IT & Telecomm, Retail, Government & Defense, Healthcare, and Others.
Market Drivers
Increase in identify and authentication fraud is the key driving factor which is expected to boost the global digital identify solutions market growth. Furthermore, integration of biometrics in smartphones will positively contribute the market growth. Moreover, rise in technological advancements and product launch activities by key players will propel the market growth during this forecast period. For instance, in Refinitiv had launched new “Qual -ID” integrating digital Identify Technology to identify fraud and financial services. Qual-ID technology combines digital ID verification and document proofing. Also, in July 2020, Accertify had launched its new solution (Accertify Digital Identify) to help enterprises address the significant increase in account opening and account takeover frauds. This is a sophisticated API-based solution which empowers enterprises to trust and verify who is on the other side of digital interaction.
Market Restraints
However, high cost involved in deploying digital identify solution is the major challenging factor which is expected to hinder the global digital identify solutions market growth. Also, lack of information security of consumer data will affect the market growth during this analysis period.
COVID-19 Impact 
With the outbreak of covid-19 as peoples are not stepping out of their homes due to fear contracting the virus and to stop the spread of the infection, businesses are converting to contactless digital and scanning solutions which propels the growth of market.
Recent Development 
In 2021, Star Alliance launched the "Star Alliance Biometrics" identity verification platform. It  will be utilizing NEC's facial recognition technologies at Frankfurt  and Munich Airport.In January 2022, Samsung SDS launched new fingerprint security  integrated circuit  S3B512C with enhanced security features to offer biometric authentication solution.In 2021, For onboarding and authentication Thales launched a new voice biometric solution as part of Thales Trusted Digital Identity Service Platform. GBG acquired Acuant which is a leading identity verification and KYC/AML compliance provider.
Market segmentation
Global Digital Identify Solutions Market is segmented into authentication type such as Single-Factor Authentication, and Multi-Factor Authentication, by solution such as Biometric, and Non-Biometrics. Further, market is segmented into end user such as BFSI, IT & Telecomm, Retail, Government & Defense, Healthcare, and Others.
Also, Global Digital Identify Solutions Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as NEC, Samsung SDS, Thales Group, GBG, Telus, IDEMIA, ForgeRock, Jumio, Accertify, Refinitiv, and Duo Security (Cisco)
Market Taxonomy 
By Authentication Type
• Single-Factor Authentication
• Multi-Factor Authentication
By Solution
• Biometric
• Non-Biometrics
By End User
• BFSI
• IT & Telecomm 
• Retail
• Government & Defense
• Healthcare
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Digital Identify Solutions Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?

Global Digital Identity Solutions Market TOC:
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Digital Identity Solutions Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Digital Identity Solutions Market, By Authentication Type
5.1 Y-o-Y Growth Comparison, By Authentication Type 
5.2 Global Digital Identity Solutions Market Share Analysis, By Authentication Type 
5.3 Global Digital Identity Solutions Market Size and Forecast, By Authentication Type
5.3.1 Single-Factor Authentication
5.3.2. Multi-Factor Authentication
6 Global Digital Identity Solutions Market, By Solution
6.1 Y-o-Y Growth Comparison, By Solution
6.2 Global Digital Identity Solutions Market Share Analysis, By Solution
6.3 Global Digital Identity Solutions Market Size and Forecast, By Solution
6.3.1 Biometric
6.3.2 Non-Biometric
7 Global Digital Identity Solutions Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Digital Identity Solutions Market Share Analysis, By End User
7.3 Global Digital Identity Solutions Market Size and Forecast, By End User
7.3. 1 BFSI
7.3.2 IT & Telecom
7.3.3. Retail
7.3.4. Government Defense
7.3.5. Healthcare
7.3.6. Others
8Global Digital Identity Solutions Market, By Region
8.1 Global Digital Identity Solutions Market Share Analysis, By Region
8.2 Global Digital Identity Solutions Market Share Analysis, By Region
8.3 Global Digital Identity Solutions Market Size and Forecast, By Region
9 North America Digital Identity Solutions Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Digital Identity Solutions Market Share Analysis, By Authentication Type
9.3 North America Digital Identity Solutions Market Size and Forecast, By Solution
9.4 North America Digital Identity Solutions Market Size and Forecast, By End User
9.5 North America Digital Identity Solutions Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeDigital Identity Solutions Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Digital Identity Solutions Market Share Analysis, By Authentication Type 
10.3 Europe Digital Identity Solutions Market Size and Forecast, By Solution 
10.4 Europe Digital Identity Solutions Market Size and Forecast, By End User
10.5 Europe Digital Identity Solutions Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Digital Identity Solutions Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Digital Identity Solutions Market Share Analysis, By Authentication Type 
11.3 Asia Pacific Digital Identity Solutions Market Size and Forecast, By Solution 
11.4 Asia Pacific Digital Identity Solutions Market Size and Forecast, By End User
11.5 Asia Pacific Digital Identity Solutions Market Size and Forecast, By Country
11.5.1 China 
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Digital Identity Solutions Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Digital Identity Solutions Market Share Analysis, By Authentication Type 
12.3 Latin America Digital Identity Solutions Market Size and Forecast, By Solution 
12.4 Latin America Digital Identity Solutions Market Size and Forecast, By End User
12.5 Latin America Digital Identity Solutions Market Size and Forecast, Country
13Middle East Digital Identity Solutions Market Analysis and Forecast (2022-2027)
13.1 Introduction
 13.2 Middle East Digital Identity Solutions Market Share Analysis, By Authentication Type 
13.3 Middle East Digital Identity Solutions Market Size and Forecast, By Solution 
13.4 Middle East Digital Identity Solutions Market Size and Forecast, By End User
13.5 Middle East Digital Identity Solutions Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 NEC
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Samsung SDS
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Thales Group
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 GBG
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Telus
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 IDEMIA
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 ForgeRock
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 Jumio
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Accertify
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Refinitiv
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Duo Security (Cisco)
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies