Digital Identity Management Solution Market Developments by 2031
The Digital Identity Management Solution Market is expected to register a CAGR of 16.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Component (Solution, Services); Deployment (On-Premise, Cloud); Enterprise Size (SMEs, Large Enterprise); Industry Vertical (BFSI, Retail and eCommerce, Government and Defense, Healthcare, IT and ITeS); Geography (North America, Europe, Asia-Pacific, Middle East & Africa, South and Central America).
The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
The report Digital Identity Management Solution Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Digital Identity Management Solution Market Segmentation
Component- Solution
- Services
- On-Premise
- Cloud
- SMEs
- Large Enterprise
- BFSI
- Retail and eCommerce
- Government and Defense
- Healthcare
- IT and ITeS
- BFSI
- Retail and eCommerce
- Government and Defense
- Healthcare
- IT and ITeS
Strategic Insights
Digital Identity Management Solution Market Growth Drivers- Growing Cybersecurity Threats: As cyberattacks become increasingly sophisticated and prevalent, organizations are prioritizing the protection of sensitive data and personal information. Digital identity management solutions play a critical role in enhancing cybersecurity by ensuring that only authorized individuals can access specific resources. By implementing robust identity management systems, organizations can mitigate risks associated with data breaches and unauthorized access, driving demand for these solutions. The rising awareness of cybersecurity threats is a significant driver for the digital identity management market.
- Regulatory Compliance Requirements: The need to comply with various regulatory frameworks and standards, such as the General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), and the California Consumer Privacy Act (CCPA), is driving the adoption of digital identity management solutions. Organizations must implement effective identity management practices to ensure compliance with these regulations, which mandate the protection of personal data and user privacy. As regulatory scrutiny increases, businesses are investing in identity management systems to avoid legal penalties and reputational damage, fueling market growth.
- Emphasis on Zero Trust Security Models: The adoption of Zero Trust security models is a prominent trend in the digital identity management market. This approach operates on the principle that no user or device should be trusted by default, regardless of their location within or outside the network. Organizations are implementing identity verification and access controls for every user and device, thereby enhancing security. Digital identity management solutions are evolving to support Zero Trust architectures, providing organizations with the tools needed to enforce strict access controls and protect sensitive data.
- Shift to Decentralized Identity Models: Decentralized identity management is gaining traction, allowing individuals to own and control their digital identities. Through technologies like blockchain, users can securely manage their credentials without relying on centralized authorities. This trend empowers users, enhances privacy, and reduces the risk of data breaches related to identity information.
- Increasing Adoption of Cloud-Based Solutions: The growing adoption of cloud computing presents significant opportunities for digital identity management solutions. Organizations are increasingly migrating to cloud-based environments, which require scalable and flexible identity management systems to manage user access and permissions. Cloud-based identity management solutions offer advantages such as lower operational costs, easier integration with existing systems, and enhanced accessibility. Vendors that provide cloud-based identity management solutions can tap into this growing market as businesses seek to streamline their identity management processes.
- Integration of Artificial Intelligence and Machine Learning: The integration of artificial intelligence (AI) and machine learning (ML) technologies into digital identity management solutions offers opportunities for enhanced security and efficiency. AI and ML can analyze user behavior patterns, detect anomalies, and automate identity verification processes, improving fraud prevention and risk management. By leveraging these technologies, organizations can enhance their identity management capabilities, making them more robust and adaptive to evolving threats. Companies that innovate in this space can differentiate themselves and capture a larger share of the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Digital Identity Management Solution Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Digital Identity Management Solution Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Digital Identity Management Solution Market is estimated to witness a CAGR of 16.3% from 2023 to 2031
Growing Cybersecurity Threats and Regulatory Compliance Requirements are the major factors driving the Digital Identity Management Solution Market
Emphasis on Zero Trust Security Models is anticipated to play a significant role in the global Digital Identity Management Solution Market in the coming years
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Digital Identity Management Solution Market - By Component
1.3.2 Digital Identity Management Solution Market - By Deployment
1.3.3 Digital Identity Management Solution Market - By Enterprise Size
1.3.4 Digital Identity Management Solution Market - By Industry Vertical
1.3.5 Digital Identity Management Solution Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIGITAL IDENTITY MANAGEMENT SOLUTION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. DIGITAL IDENTITY MANAGEMENT SOLUTION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. DIGITAL IDENTITY MANAGEMENT SOLUTION MARKET - GLOBAL MARKET ANALYSIS
6.1. DIGITAL IDENTITY MANAGEMENT SOLUTION - GLOBAL MARKET OVERVIEW
6.2. DIGITAL IDENTITY MANAGEMENT SOLUTION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. DIGITAL IDENTITY MANAGEMENT SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. DIGITAL IDENTITY MANAGEMENT SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. ON-PREMISE
8.3.1. Overview
8.3.2. On-Premise Market Forecast and Analysis
8.4. CLOUD
8.4.1. Overview
8.4.2. Cloud Market Forecast and Analysis
9. DIGITAL IDENTITY MANAGEMENT SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
9.1. OVERVIEW
9.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
9.3. SMES
9.3.1. Overview
9.3.2. SMEs Market Forecast and Analysis
9.4. LARGE ENTERPRISE
9.4.1. Overview
9.4.2. Large Enterprise Market Forecast and Analysis
10. DIGITAL IDENTITY MANAGEMENT SOLUTION MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
10.1. OVERVIEW
10.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
10.3. BFSI
10.3.1. Overview
10.3.2. BFSI Market Forecast and Analysis
10.4. RETAIL AND ECOMMERCE
10.4.1. Overview
10.4.2. Retail and eCommerce Market Forecast and Analysis
10.5. GOVERNMENT AND DEFENSE
10.5.1. Overview
10.5.2. Government and Defense Market Forecast and Analysis
10.6. HEALTHCARE
10.6.1. Overview
10.6.2. Healthcare Market Forecast and Analysis
10.7. IT AND ITES
10.7.1. Overview
10.7.2. IT and ITeS Market Forecast and Analysis
11. DIGITAL IDENTITY MANAGEMENT SOLUTION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Digital Identity Management Solution Market Overview
11.1.2 North America Digital Identity Management Solution Market Forecasts and Analysis
11.1.3 North America Digital Identity Management Solution Market Forecasts and Analysis - By Component
11.1.4 North America Digital Identity Management Solution Market Forecasts and Analysis - By Deployment
11.1.5 North America Digital Identity Management Solution Market Forecasts and Analysis - By Enterprise Size
11.1.6 North America Digital Identity Management Solution Market Forecasts and Analysis - By Industry Vertical
11.1.7 North America Digital Identity Management Solution Market Forecasts and Analysis - By Countries
11.1.7.1 United States Digital Identity Management Solution Market
11.1.7.1.1 United States Digital Identity Management Solution Market by Component
11.1.7.1.2 United States Digital Identity Management Solution Market by Deployment
11.1.7.1.3 United States Digital Identity Management Solution Market by Enterprise Size
11.1.7.1.4 United States Digital Identity Management Solution Market by Industry Vertical
11.1.7.2 Canada Digital Identity Management Solution Market
11.1.7.2.1 Canada Digital Identity Management Solution Market by Component
11.1.7.2.2 Canada Digital Identity Management Solution Market by Deployment
11.1.7.2.3 Canada Digital Identity Management Solution Market by Enterprise Size
11.1.7.2.4 Canada Digital Identity Management Solution Market by Industry Vertical
11.1.7.3 Mexico Digital Identity Management Solution Market
11.1.7.3.1 Mexico Digital Identity Management Solution Market by Component
11.1.7.3.2 Mexico Digital Identity Management Solution Market by Deployment
11.1.7.3.3 Mexico Digital Identity Management Solution Market by Enterprise Size
11.1.7.3.4 Mexico Digital Identity Management Solution Market by Industry Vertical
11.2. EUROPE
11.2.1 Europe Digital Identity Management Solution Market Overview
11.2.2 Europe Digital Identity Management Solution Market Forecasts and Analysis
11.2.3 Europe Digital Identity Management Solution Market Forecasts and Analysis - By Component
11.2.4 Europe Digital Identity Management Solution Market Forecasts and Analysis - By Deployment
11.2.5 Europe Digital Identity Management Solution Market Forecasts and Analysis - By Enterprise Size
11.2.6 Europe Digital Identity Management Solution Market Forecasts and Analysis - By Industry Vertical
11.2.7 Europe Digital Identity Management Solution Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Digital Identity Management Solution Market
11.2.7.1.1 Germany Digital Identity Management Solution Market by Component
11.2.7.1.2 Germany Digital Identity Management Solution Market by Deployment
11.2.7.1.3 Germany Digital Identity Management Solution Market by Enterprise Size
11.2.7.1.4 Germany Digital Identity Management Solution Market by Industry Vertical
11.2.7.2 France Digital Identity Management Solution Market
11.2.7.2.1 France Digital Identity Management Solution Market by Component
11.2.7.2.2 France Digital Identity Management Solution Market by Deployment
11.2.7.2.3 France Digital Identity Management Solution Market by Enterprise Size
11.2.7.2.4 France Digital Identity Management Solution Market by Industry Vertical
11.2.7.3 Italy Digital Identity Management Solution Market
11.2.7.3.1 Italy Digital Identity Management Solution Market by Component
11.2.7.3.2 Italy Digital Identity Management Solution Market by Deployment
11.2.7.3.3 Italy Digital Identity Management Solution Market by Enterprise Size
11.2.7.3.4 Italy Digital Identity Management Solution Market by Industry Vertical
11.2.7.4 United Kingdom Digital Identity Management Solution Market
11.2.7.4.1 United Kingdom Digital Identity Management Solution Market by Component
11.2.7.4.2 United Kingdom Digital Identity Management Solution Market by Deployment
11.2.7.4.3 United Kingdom Digital Identity Management Solution Market by Enterprise Size
11.2.7.4.4 United Kingdom Digital Identity Management Solution Market by Industry Vertical
11.2.7.5 Russia Digital Identity Management Solution Market
11.2.7.5.1 Russia Digital Identity Management Solution Market by Component
11.2.7.5.2 Russia Digital Identity Management Solution Market by Deployment
11.2.7.5.3 Russia Digital Identity Management Solution Market by Enterprise Size
11.2.7.5.4 Russia Digital Identity Management Solution Market by Industry Vertical
11.2.7.6 Rest of Europe Digital Identity Management Solution Market
11.2.7.6.1 Rest of Europe Digital Identity Management Solution Market by Component
11.2.7.6.2 Rest of Europe Digital Identity Management Solution Market by Deployment
11.2.7.6.3 Rest of Europe Digital Identity Management Solution Market by Enterprise Size
11.2.7.6.4 Rest of Europe Digital Identity Management Solution Market by Industry Vertical
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Digital Identity Management Solution Market Overview
11.3.2 Asia-Pacific Digital Identity Management Solution Market Forecasts and Analysis
11.3.3 Asia-Pacific Digital Identity Management Solution Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Digital Identity Management Solution Market Forecasts and Analysis - By Deployment
11.3.5 Asia-Pacific Digital Identity Management Solution Market Forecasts and Analysis - By Enterprise Size
11.3.6 Asia-Pacific Digital Identity Management Solution Market Forecasts and Analysis - By Industry Vertical
11.3.7 Asia-Pacific Digital Identity Management Solution Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Digital Identity Management Solution Market
11.3.7.1.1 Australia Digital Identity Management Solution Market by Component
11.3.7.1.2 Australia Digital Identity Management Solution Market by Deployment
11.3.7.1.3 Australia Digital Identity Management Solution Market by Enterprise Size
11.3.7.1.4 Australia Digital Identity Management Solution Market by Industry Vertical
11.3.7.2 China Digital Identity Management Solution Market
11.3.7.2.1 China Digital Identity Management Solution Market by Component
11.3.7.2.2 China Digital Identity Management Solution Market by Deployment
11.3.7.2.3 China Digital Identity Management Solution Market by Enterprise Size
11.3.7.2.4 China Digital Identity Management Solution Market by Industry Vertical
11.3.7.3 India Digital Identity Management Solution Market
11.3.7.3.1 India Digital Identity Management Solution Market by Component
11.3.7.3.2 India Digital Identity Management Solution Market by Deployment
11.3.7.3.3 India Digital Identity Management Solution Market by Enterprise Size
11.3.7.3.4 India Digital Identity Management Solution Market by Industry Vertical
11.3.7.4 Japan Digital Identity Management Solution Market
11.3.7.4.1 Japan Digital Identity Management Solution Market by Component
11.3.7.4.2 Japan Digital Identity Management Solution Market by Deployment
11.3.7.4.3 Japan Digital Identity Management Solution Market by Enterprise Size
11.3.7.4.4 Japan Digital Identity Management Solution Market by Industry Vertical
11.3.7.5 South Korea Digital Identity Management Solution Market
11.3.7.5.1 South Korea Digital Identity Management Solution Market by Component
11.3.7.5.2 South Korea Digital Identity Management Solution Market by Deployment
11.3.7.5.3 South Korea Digital Identity Management Solution Market by Enterprise Size
11.3.7.5.4 South Korea Digital Identity Management Solution Market by Industry Vertical
11.3.7.6 Rest of Asia-Pacific Digital Identity Management Solution Market
11.3.7.6.1 Rest of Asia-Pacific Digital Identity Management Solution Market by Component
11.3.7.6.2 Rest of Asia-Pacific Digital Identity Management Solution Market by Deployment
11.3.7.6.3 Rest of Asia-Pacific Digital Identity Management Solution Market by Enterprise Size
11.3.7.6.4 Rest of Asia-Pacific Digital Identity Management Solution Market by Industry Vertical
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Digital Identity Management Solution Market Overview
11.4.2 Middle East and Africa Digital Identity Management Solution Market Forecasts and Analysis
11.4.3 Middle East and Africa Digital Identity Management Solution Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Digital Identity Management Solution Market Forecasts and Analysis - By Deployment
11.4.5 Middle East and Africa Digital Identity Management Solution Market Forecasts and Analysis - By Enterprise Size
11.4.6 Middle East and Africa Digital Identity Management Solution Market Forecasts and Analysis - By Industry Vertical
11.4.7 Middle East and Africa Digital Identity Management Solution Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Digital Identity Management Solution Market
11.4.7.1.1 South Africa Digital Identity Management Solution Market by Component
11.4.7.1.2 South Africa Digital Identity Management Solution Market by Deployment
11.4.7.1.3 South Africa Digital Identity Management Solution Market by Enterprise Size
11.4.7.1.4 South Africa Digital Identity Management Solution Market by Industry Vertical
11.4.7.2 Saudi Arabia Digital Identity Management Solution Market
11.4.7.2.1 Saudi Arabia Digital Identity Management Solution Market by Component
11.4.7.2.2 Saudi Arabia Digital Identity Management Solution Market by Deployment
11.4.7.2.3 Saudi Arabia Digital Identity Management Solution Market by Enterprise Size
11.4.7.2.4 Saudi Arabia Digital Identity Management Solution Market by Industry Vertical
11.4.7.3 U.A.E Digital Identity Management Solution Market
11.4.7.3.1 U.A.E Digital Identity Management Solution Market by Component
11.4.7.3.2 U.A.E Digital Identity Management Solution Market by Deployment
11.4.7.3.3 U.A.E Digital Identity Management Solution Market by Enterprise Size
11.4.7.3.4 U.A.E Digital Identity Management Solution Market by Industry Vertical
11.4.7.4 Rest of Middle East and Africa Digital Identity Management Solution Market
11.4.7.4.1 Rest of Middle East and Africa Digital Identity Management Solution Market by Component
11.4.7.4.2 Rest of Middle East and Africa Digital Identity Management Solution Market by Deployment
11.4.7.4.3 Rest of Middle East and Africa Digital Identity Management Solution Market by Enterprise Size
11.4.7.4.4 Rest of Middle East and Africa Digital Identity Management Solution Market by Industry Vertical
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Digital Identity Management Solution Market Overview
11.5.2 South and Central America Digital Identity Management Solution Market Forecasts and Analysis
11.5.3 South and Central America Digital Identity Management Solution Market Forecasts and Analysis - By Component
11.5.4 South and Central America Digital Identity Management Solution Market Forecasts and Analysis - By Deployment
11.5.5 South and Central America Digital Identity Management Solution Market Forecasts and Analysis - By Enterprise Size
11.5.6 South and Central America Digital Identity Management Solution Market Forecasts and Analysis - By Industry Vertical
11.5.7 South and Central America Digital Identity Management Solution Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Digital Identity Management Solution Market
11.5.7.1.1 Brazil Digital Identity Management Solution Market by Component
11.5.7.1.2 Brazil Digital Identity Management Solution Market by Deployment
11.5.7.1.3 Brazil Digital Identity Management Solution Market by Enterprise Size
11.5.7.1.4 Brazil Digital Identity Management Solution Market by Industry Vertical
11.5.7.2 Argentina Digital Identity Management Solution Market
11.5.7.2.1 Argentina Digital Identity Management Solution Market by Component
11.5.7.2.2 Argentina Digital Identity Management Solution Market by Deployment
11.5.7.2.3 Argentina Digital Identity Management Solution Market by Enterprise Size
11.5.7.2.4 Argentina Digital Identity Management Solution Market by Industry Vertical
11.5.7.3 Rest of South and Central America Digital Identity Management Solution Market
11.5.7.3.1 Rest of South and Central America Digital Identity Management Solution Market by Component
11.5.7.3.2 Rest of South and Central America Digital Identity Management Solution Market by Deployment
11.5.7.3.3 Rest of South and Central America Digital Identity Management Solution Market by Enterprise Size
11.5.7.3.4 Rest of South and Central America Digital Identity Management Solution Market by Industry Vertical
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. DIGITAL IDENTITY MANAGEMENT SOLUTION MARKET, KEY COMPANY PROFILES
13.1. NEC
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. SAMSUNG SDS
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. THALES GROUP
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GBG
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. TELUS
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. TESSI
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. DAON
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. IDEMIA
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. FORGEROCK
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. JUMIO
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.NEC
2.Samsung SDS
3.Thales Group
4.GBG
5.TELUS
6.Tessi
7.Daon
8.IDEMIA
9.ForgeRock
10.Jumio
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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