MEA Digital Identity Solution Market - Industry Trends and Forecast to 2030
Middle East and Africa digital identity solution market is expected to reach USD 8,657.38 million by 2030 from USD 2,278.87 million in 2022, growing at a CAGR of 18.4% during the forecast period of 2023 to 2030.
Market SegmentationMiddle East and Africa 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 (U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030
Overview of Middle East and Africa 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 Middle East and Africa 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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