APAC Digital Identity Solution Market - Industry Trends and Forecast to 2030
Asia-Pacific digital identity solution market is expected to reach USD 25,484.46 million by 2030 from USD 6,238.84 million in 2022, growing at a CAGR of 19.5% during the forecast period of 2023 to 2030.
Market SegmentationAsia-Pacific Digital Identity Solution Market, By Identity Framework (Centralized and Decentralized), Web Type (Web 2 and Web 3), End-User (Enterprise and Individual), Offering (Solution and Services), Solution Type (Authentication, Identity Verification, Identity Lifecycle Management, and Others), Identity Type (Biometric and Non-Biometric), Deployment Mode (On-Premise and Cloud), Organization Size (Large Enterprises and Small & Medium Enterprise) Vertical (Banking, Financial Services, and Insurance, IT & Telecommunication, Government & Defense, Retail & E-Commerce, Healthcare, Energy & Utilities, Media & Entertainment, Travel & Hospitality, Gaming, and Others) Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) - Industry Trends and Forecast to 2030
Overview of Asia-Pacific Digital Identity Solution Market Dynamics
Driver
• Increase in identity-related fraud and data breaches
Restraint
• High cost of digital identity solutions
Opportunity
• Advances in biometrics and artificial intelligence (AI)
Market PlayersSome of the key market players operating in the Asia-Pacific digital identity solution market are:• NEC Corporation
• Thales
• Okta
• Cisco Systems, Inc.
• IDEMIA
• Aetsoft Inc.
• Alethea AI
• AU10TIX
• Avanade Inc.
• Bitfury Group Limited
• Bloom Protocol
• BRIGHTID
• cheqd
• Civic Technologies, Inc.
• CyberArk Software Ltd.
• Daon, Inc.
• Dock Labs AG
• Energy Web
• ETHEREUM
• Euronovate Group
• ForgeRock
• FRACTAL ID
• GB Group plc
• GOOD DIGITAL IDENTITY
• IBM
• ID R&D INC.
• Idena
• Identity Automation
• IDTT
• iProov
• Jumio
• KILT
• Metadium Technology Inc.
• Microsoft
• Netki, Inc.
• OneSpan
• Ontology
• Oracle
• PHOTOCHROMIC
• Ping Identity
• Polygon Labs UI (Cayman) Ltd.
• RaulWalter LLC
• Refinitiv
• REMME CAPITAL LTD.
• SAMSUNG SDS.
• SelfKey
• Serto
• Smartmatic.
• Syntizen Technologies Pvt. Ltd.
• TECH5
• TELUS International
• Tessi
• The Linux Foundation (Hyperledger Foundation)
• The Verus Project
• UTU Technologies Limited
• walt.id GmbH
• Worldcoin
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