Digital Identity Solutions Quadrant Report

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Digital Identity Solutions Market (Global) Company Evaluation Quadrant
Published on
Feb'2020
Pages
55
Code
360-TC 7537
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Digital Identity Solutions SnapshotDigital identity solutions enable organizations to quickly verify the individuals and help the system determine what products, services, and information they can access. As the internet penetrates our economy, digital identity would evolve, and more service providers shall rely on verifying the identity to render their services. With the growing digitalization, the computational power of processors, and the number of connected devices, the instances of cyberattacks have increased considerably in recent times. Account takeovers have resulted in financial losses of billions of dollars. Increased instances of data breaches and account takeovers have boosted the adoption of digital identity solutions and services. These solution uses the power of latest technologies, such as, blockchain, Machine Learning (ML), face-based biometrics, and AI, to ensure whether an individual is who they claim to be. Digital identity solutions are the next-generation identity governance and administration solutions that deliver a significantly higher level of assurance and establish trusted identity.

The global digital identity solutions market size is estimated to grow to USD 30 billion by 2024, during the forecast period. Such market growth can be attributed to the increase in instances of identity-related frauds and data breaches, and the need for compliance with various upcoming regulations.

Digital Identity Solutions Growth

This report identifies and benchmarks best digital identity solutions vendors such as NEC Corporation, Samsung SDS, Thales Group, IDEMIA, ForgeRock, and evaluates them on the basis of business strategy excellence and strength of product portfolio within the digital identity solutions ecosystem, combining inputs from various industry experts, buyers, and vendors, and extensive secondary research including annual reports, company press releases, investor presentations, free and paid company databases. They are rated and positioned on a 2x2 matrix, called as ‘Company Evaluation Quadrant’, and identified as Visionary Leaders, Dynamic Differentiators, Innovators, or Emerging companies.

The report includes market-specific company profiles of 20 key players in this market and assesses the recent developments that shape the competitive landscape of this highly fragmented market.

Table of Contents

1 Introduction
   1.1 Market Definition

2 Market Overview
   2.1 Market Dynamics
          Figure 1 Drivers, Restraints, Opportunities, and Challenges: Digital Identity Solutions Market
          2.1.1 Drivers
                    2.1.1.1 Rising Identity and Authentication Frauds
                    2.1.1.2 Integration of Biometrics in Smartphones
                    2.1.1.3 Increased Focus to Enhance End to End Customer Experience
          2.1.2 Restraints
                    2.1.2.1 Higher Cost Involved in Deploying Digital Identity Solutions
                    2.1.2.2 Lack of Information Security of Consumer Data
          2.1.3 Opportunities
                    2.1.3.1 Integration of AI, ML, and Blockchain Technologies to Enhance Digital Identities
                    2.1.3.2 Increased Adoption of the Cloud-Based Digital Identity Solutions
                    2.1.3.3 Wide Adoption of Authentication Across Verticals
          2.1.4 Challenges
                    2.1.4.1 Threat of Privacy and Data Breach
                    2.1.4.2 Lack of Skilled Security Professionals
   2.2 Use Cases
         2.2.1 Use Case: Scenario 1
         2.2.2 Use Case: Scenario 2
         2.2.3 Use Case: Scenario 3

3 Company Evaluation Quadrant
   3.1 Visionary Leaders
   3.2 Dynamic Differentiators
   3.3 Innovators
   3.4 Emerging Companies
          Figure 2 Digital Identity Solutions Market (Global) Company Evaluation Quadrant

4 Competitive Landscape
   4.1 Right-To-Win (Company Business Snapshot)
   4.2 Competitive Scenario
          Figure 3 Key Developments By the Leading Players in the Digital Identity Solutions Market During 2017–2019
          4.2.1 New Product Launches and Product Enhancements
                     Table 1 New Product Launches and Product Enhancements, 2018–2019
          4.2.2 Partnerships and Collaborations
                     Table 2 Partnerships and Collaborations, 2018–2020
          4.2.3 Mergers and Acquisitions
                     Table 3 Mergers and Acquisitions, 2017–2019

5 Company Profiles
   5.1 NEC
         5.1.1 Business Overview*
                   Figure 4 NEC: Company Snapshot
         5.1.2 Products Offered*
         5.1.3 Recent Developments*
                   5.1.3.1 Organic Growth Strategies
                   5.1.3.2 Inorganic Growth Strategies
         5.1.4 SWOT Analysis*
                   Figure 5 NEC: SWOT Analysis
         (*Above sections are present for all of below companies)
   5.2 Samsung SDS
          Figure 6 Samsung SDS: Company Snapshot
          Figure 7 Samsung SDS: SWOT Analysis
   5.3 Thales Group
          Figure 8 Thales Group: Company Snapshot
   5.4 GBG
          Figure 9 GBG: Company Snapshot
   5.5 Telus
          Figure 10 Telus: Company Snapshot
   5.6 IDEMIA
   5.7 Tessi
   5.8 ForgeRock
   5.9 Jumio
   5.10 Refinitiv

6 Appendix
   6.1 Other Significant Players
          6.1.1 Duo Security (Cisco)
          6.1.2 AU10TIX
          6.1.3 Imageware Systems
          6.1.4 Verisec
          6.1.5 Vintegris Tech
          6.1.6 Signicat AS
          6.1.7 Smartmatic
          6.1.8 Syntizen
          6.1.9 Intesa
          6.1.10 Raulwalter
   6.2 Methodology

This report identifies and benchmarks best digital identity solutions vendors such as NEC Corporation, Samsung SDS, Thales Group, IDEMIA, ForgeRock, and evaluates them on the basis of business strategy excellence and strength of product portfolio within the digital identity solutions ecosystem, combining inputs from various industry experts, buyers, and vendors, and extensive secondary research including annual reports, company press releases, investor presentations, free and paid company databases. They are rated and positioned on 2x2 matrix, called as ‘Company Evaluation Quadrant’, and identified as Visionary Leaders, Dynamic Differentiators, Innovators, or Emerging companies.

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Digital Identity Solutions Competitive Landsdcape


Digital Identity Solutions Competitive Leadership Mapping


Digital Identity Solutions Companies

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