The Latin America, Middle East and Africa Digital Identity Solutions Market would witness Market growth of 21.4% CAGR during the forecast period (2022-2028).
For the last several years, technology has advanced at a rapid pace, and smartphone users throughout the world have driven up demand for the device. The world is becoming much more interconnected than it has ever been before. As a result, authentication-based password systems are no longer the safest form of security because they are vulnerable to hacking. Instead of the commercially used passwords, security based on digital identities, such as biometric technology and multi-factor authentication, is a far better and more secure method of authentication. The facial and fingerprint verification systems are already available on smartphones, and the demand for this technology is expected to increase. Consumers are also ready to adopt authentication systems as they're more secure as only one person can unlock them. It also appears that authentication would become even more significant in the coming years as a result of the demand produced by online purchasing when customers exchange information of bank accounts on e-commerce websites.
Government initiatives in Arab countries to build electronic or digital IDs are expected to boost Market expansion in the Middle East and Africa. The official identity management strategy of the government of South Africa is one of the major factor that is increasing the penetration of digital identity solutions across the region.. In addition, As per the World Bank, people in Sub Saharan are often representatives of the most marginalized communities. Women are substantially less likely than men to have formal identification documents. According to the ID4D-Findex survey, one in every two women in under-developed economies lacks a national ID or another form of identification.
According to some reports, almost half of the adult population in several Sub-Saharan African countries lacks documentation, preventing them from opening a bank account. Rural farmers, low-income minorities, immigrants, and refugees make up the majority of this population. For a variety of reasons, even geriatric as well as the young population in these areas can lack adequate documents.
The Brazil Market dominated the LAMEA Digital Identity Solutions Market by Country 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $1,206.3 million by 2028. The Argentina Market is poised to grow at a CAGR of 22% during (2022 - 2028). Additionally, The UAE Market would exhibit a CAGR of 21.1% during (2022 - 2028).
Based on Component, the Market is segmented into Solution (Without Services), (Biometrics and Non-Biometrics) and Services. Based on Authentication Type, the Market is segmented into Single-factor Authentication and Multi-factor Authentication. Based on Organization size, the Market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Deployment Mode, the Market is segmented into On-premise and Cloud. Based on Vertical, the Market is segmented into BFSI, IT, ITeS & Telecom, Government & Defense, Healthcare, Energy & Utilities, Retail & eCommerce, and Others. Based on countries, the Market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Digital Identity Solutions Market is Predict to reach $65 Billion by 2028, at a CAGR of 16.6%
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include TELUS International, Inc., Samsung SDS Co., Ltd., GB Group PLC, NEC Corporation, Thales Group S.A., OneSpan, Inc., ForgeRock, Inc., ImageWare Systems, Inc., IDEMIA SAS, and Jumio Corporation
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution (Without Services)
- Biometrics
- Non-Biometrics
- Services
By Authentication Type
- Single-factor Authentication
- Multi-factor Authentication
By Organization size
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
By Deployment Mode
By Vertical
- BFSI
- IT, ITeS & Telecom
- Government & Defense
- Healthcare
- Energy & Utilities
- Retail & eCommerce
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- TELUS International, Inc.
- Samsung SDS Co., Ltd.
- GB Group PLC
- NEC Corporation
- Thales Group S.A.
- OneSpan, Inc.
- ForgeRock, Inc.
- ImageWare Systems, Inc.
- IDEMIA SAS
- Jumio Corporation
TABLE 1 LAMEA Digital Identity Solutions Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Digital Identity Solutions Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Digital Identity Solutions Market
TABLE 4 Product Launches And Product Expansions – Digital Identity Solutions Market
TABLE 5 Acquisition and Mergers – Digital Identity Solutions Market
TABLE 6 Geographical Expansions – Digital Identity Solutions Market
TABLE 7 LAMEA Digital Identity Solutions Market by Component, 2018 - 2021, USD Million
TABLE 8 LAMEA Digital Identity Solutions Market by Component, 2022 - 2028, USD Million
TABLE 9 LAMEA Solution (Without Services) Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Solution (Without Services) Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Digital Identity Solutions Market by Solution (Without Services) Type, 2018 - 2021, USD Million
TABLE 12 LAMEA Digital Identity Solutions Market by Solution (Without Services) Type, 2022 - 2028, USD Million
TABLE 13 LAMEA Biometrics Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Biometrics Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Non-Biometrics Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Non-Biometrics Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Digital Identity Solutions Market by Authentication Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Digital Identity Solutions Market by Authentication Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Single-factor Authentication Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Single-factor Authentication Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Multi-factor Authentication Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Multi-factor Authentication Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Digital Identity Solutions Market by Organization Size, 2018 - 2021, USD Million
TABLE 26 LAMEA Digital Identity Solutions Market by Organization Size, 2022 - 2028, USD Million
TABLE 27 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Small & Medium-sized Enterprises (SMEs) Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Small & Medium-sized Enterprises (SMEs) Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Digital Identity Solutions Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 32 LAMEA Digital Identity Solutions Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 33 LAMEA On-premise Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA On-premise Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Cloud Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Cloud Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Digital Identity Solutions Market by Vertical, 2018 - 2021, USD Million
TABLE 38 LAMEA Digital Identity Solutions Market by Vertical, 2022 - 2028, USD Million
TABLE 39 LAMEA BFSI Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA BFSI Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA IT, ITeS & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA IT, ITeS & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA Government & Defense Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA Government & Defense Market by Country, 2022 - 2028, USD Million
TABLE 45 LAMEA Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 46 LAMEA Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 47 LAMEA Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 48 LAMEA Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 49 LAMEA Retail & eCommerce Market by Country, 2018 - 2021, USD Million
TABLE 50 LAMEA Retail & eCommerce Market by Country, 2022 - 2028, USD Million
TABLE 51 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 52 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 53 LAMEA Digital Identity Solutions Market by Country, 2018 - 2021, USD Million
TABLE 54 LAMEA Digital Identity Solutions Market by Country, 2022 - 2028, USD Million
TABLE 55 Brazil Digital Identity Solutions Market, 2018 - 2021, USD Million
TABLE 56 Brazil Digital Identity Solutions Market, 2022 - 2028, USD Million
TABLE 57 Brazil Digital Identity Solutions Market by Component, 2018 - 2021, USD Million
TABLE 58 Brazil Digital Identity Solutions Market by Component, 2022 - 2028, USD Million
TABLE 59 Brazil Digital Identity Solutions Market by Solution (Without Services) Type, 2018 - 2021, USD Million
TABLE 60 Brazil Digital Identity Solutions Market by Solution (Without Services) Type, 2022 - 2028, USD Million
TABLE 61 Brazil Digital Identity Solutions Market by Authentication Type, 2018 - 2021, USD Million
TABLE 62 Brazil Digital Identity Solutions Market by Authentication Type, 2022 - 2028, USD Million
TABLE 63 Brazil Digital Identity Solutions Market by Organization Size, 2018 - 2021, USD Million
TABLE 64 Brazil Digital Identity Solutions Market by Organization Size, 2022 - 2028, USD Million
TABLE 65 Brazil Digital Identity Solutions Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 66 Brazil Digital Identity Solutions Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 67 Brazil Digital Identity Solutions Market by Vertical, 2018 - 2021, USD Million
TABLE 68 Brazil Digital Identity Solutions Market by Vertical, 2022 - 2028, USD Million
TABLE 69 Argentina Digital Identity Solutions Market, 2018 - 2021, USD Million
TABLE 70 Argentina Digital Identity Solutions Market, 2022 - 2028, USD Million
TABLE 71 Argentina Digital Identity Solutions Market by Component, 2018 - 2021, USD Million
TABLE 72 Argentina Digital Identity Solutions Market by Component, 2022 - 2028, USD Million
TABLE 73 Argentina Digital Identity Solutions Market by Solution (Without Services) Type, 2018 - 2021, USD Million
TABLE 74 Argentina Digital Identity Solutions Market by Solution (Without Services) Type, 2022 - 2028, USD Million
TABLE 75 Argentina Digital Identity Solutions Market by Authentication Type, 2018 - 2021, USD Million
TABLE 76 Argentina Digital Identity Solutions Market by Authentication Type, 2022 - 2028, USD Million
TABLE 77 Argentina Digital Identity Solutions Market by Organization Size, 2018 - 2021, USD Million
TABLE 78 Argentina Digital Identity Solutions Market by Organization Size, 2022 - 2028, USD Million
TABLE 79 Argentina Digital Identity Solutions Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 80 Argentina Digital Identity Solutions Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 81 Argentina Digital Identity Solutions Market by Vertical, 2018 - 2021, USD Million
TABLE 82 Argentina Digital Identity Solutions Market by Vertical, 2022 - 2028, USD Million
TABLE 83 UAE Digital Identity Solutions Market, 2018 - 2021, USD Million
TABLE 84 UAE Digital Identity Solutions Market, 2022 - 2028, USD Million
TABLE 85 UAE Digital Identity Solutions Market by Component, 2018 - 2021, USD Million
TABLE 86 UAE Digital Identity Solutions Market by Component, 2022 - 2028, USD Million
TABLE 87 UAE Digital Identity Solutions Market by Solution (Without Services) Type, 2018 - 2021, USD Million
TABLE 88 UAE Digital Identity Solutions Market by Solution (Without Services) Type, 2022 - 2028, USD Million
TABLE 89 UAE Digital Identity Solutions Market by Authentication Type, 2018 - 2021, USD Million
TABLE 90 UAE Digital Identity Solutions Market by Authentication Type, 2022 - 2028, USD Million
TABLE 91 UAE Digital Identity Solutions Market by Organization Size, 2018 - 2021, USD Million
TABLE 92 UAE Digital Identity Solutions Market by Organization Size, 2022 - 2028, USD Million
TABLE 93 UAE Digital Identity Solutions Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 94 UAE Digital Identity Solutions Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 95 UAE Digital Identity Solutions Market by Vertical, 2018 - 2021, USD Million
TABLE 96 UAE Digital Identity Solutions Market by Vertical, 2022 - 2028, USD Million
TABLE 97 Saudi Arabia Digital Identity Solutions Market, 2018 - 2021, USD Million
TABLE 98 Saudi Arabia Digital Identity Solutions Market, 2022 - 2028, USD Million
TABLE 99 Saudi Arabia Digital Identity Solutions Market by Component, 2018 - 2021, USD Million
TABLE 100 Saudi Arabia Digital Identity Solutions Market by Component, 2022 - 2028, USD Million
TABLE 101 Saudi Arabia Digital Identity Solutions Market by Solution (Without Services) Type, 2018 - 2021, USD Million
TABLE 102 Saudi Arabia Digital Identity Solutions Market by Solution (Without Services) Type, 2022 - 2028, USD Million
TABLE 103 Saudi Arabia Digital Identity Solutions Market by Authentication Type, 2018 - 2021, USD Million
TABLE 104 Saudi Arabia Digital Identity Solutions Market by Authentication Type, 2022 - 2028, USD Million
TABLE 105 Saudi Arabia Digital Identity Solutions Market by Organization Size, 2018 - 2021, USD Million
TABLE 106 Saudi Arabia Digital Identity Solutions Market by Organization Size, 2022 - 2028, USD Million
TABLE 107 Saudi Arabia Digital Identity Solutions Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 108 Saudi Arabia Digital Identity Solutions Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 109 Saudi Arabia Digital Identity Solutions Market by Vertical, 2018 - 2021, USD Million
TABLE 110 Saudi Arabia Digital Identity Solutions Market by Vertical, 2022 - 2028, USD Million
TABLE 111 South Africa Digital Identity Solutions Market, 2018 - 2021, USD Million
TABLE 112 South Africa Digital Identity Solutions Market, 2022 - 2028, USD Million
TABLE 113 South Africa Digital Identity Solutions Market by Component, 2018 - 2021, USD Million
TABLE 114 South Africa Digital Identity Solutions Market by Component, 2022 - 2028, USD Million
TABLE 115 South Africa Digital Identity Solutions Market by Solution (Without Services) Type, 2018 - 2021, USD Million
TABLE 116 South Africa Digital Identity Solutions Market by Solution (Without Services) Type, 2022 - 2028, USD Million
TABLE 117 South Africa Digital Identity Solutions Market by Authentication Type, 2018 - 2021, USD Million
TABLE 118 South Africa Digital Identity Solutions Market by Authentication Type, 2022 - 2028, USD Million
TABLE 119 South Africa Digital Identity Solutions Market by Organization Size, 2018 - 2021, USD Million
TABLE 120 South Africa Digital Identity Solutions Market by Organization Size, 2022 - 2028, USD Million
TABLE 121 South Africa Digital Identity Solutions Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 122 South Africa Digital Identity Solutions Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 123 South Africa Digital Identity Solutions Market by Vertical, 2018 - 2021, USD Million
TABLE 124 South Africa Digital Identity Solutions Market by Vertical, 2022 - 2028, USD Million
TABLE 125 Nigeria Digital Identity Solutions Market, 2018 - 2021, USD Million
TABLE 126 Nigeria Digital Identity Solutions Market, 2022 - 2028, USD Million
TABLE 127 Nigeria Digital Identity Solutions Market by Component, 2018 - 2021, USD Million
TABLE 128 Nigeria Digital Identity Solutions Market by Component, 2022 - 2028, USD Million
TABLE 129 Nigeria Digital Identity Solutions Market by Solution (Without Services) Type, 2018 - 2021, USD Million
TABLE 130 Nigeria Digital Identity Solutions Market by Solution (Without Services) Type, 2022 - 2028, USD Million
TABLE 131 Nigeria Digital Identity Solutions Market by Authentication Type, 2018 - 2021, USD Million
TABLE 132 Nigeria Digital Identity Solutions Market by Authentication Type, 2022 - 2028, USD Million
TABLE 133 Nigeria Digital Identity Solutions Market by Organization Size, 2018 - 2021, USD Million
TABLE 134 Nigeria Digital Identity Solutions Market by Organization Size, 2022 - 2028, USD Million
TABLE 135 Nigeria Digital Identity Solutions Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 136 Nigeria Digital Identity Solutions Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 137 Nigeria Digital Identity Solutions Market by Vertical, 2018 - 2021, USD Million
TABLE 138 Nigeria Digital Identity Solutions Market by Vertical, 2022 - 2028, USD Million
TABLE 139 Rest of LAMEA Digital Identity Solutions Market, 2018 - 2021, USD Million
TABLE 140 Rest of LAMEA Digital Identity Solutions Market, 2022 - 2028, USD Million
TABLE 141 Rest of LAMEA Digital Identity Solutions Market by Component, 2018 - 2021, USD Million
TABLE 142 Rest of LAMEA Digital Identity Solutions Market by Component, 2022 - 2028, USD Million
TABLE 143 Rest of LAMEA Digital Identity Solutions Market by Solution (Without Services) Type, 2018 - 2021, USD Million
TABLE 144 Rest of LAMEA Digital Identity Solutions Market by Solution (Without Services) Type, 2022 - 2028, USD Million
TABLE 145 Rest of LAMEA Digital Identity Solutions Market by Authentication Type, 2018 - 2021, USD Million
TABLE 146 Rest of LAMEA Digital Identity Solutions Market by Authentication Type, 2022 - 2028, USD Million
TABLE 147 Rest of LAMEA Digital Identity Solutions Market by Organization Size, 2018 - 2021, USD Million
TABLE 148 Rest of LAMEA Digital Identity Solutions Market by Organization Size, 2022 - 2028, USD Million
TABLE 149 Rest of LAMEA Digital Identity Solutions Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 150 Rest of LAMEA Digital Identity Solutions Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 151 Rest of LAMEA Digital Identity Solutions Market by Vertical, 2018 - 2021, USD Million
TABLE 152 Rest of LAMEA Digital Identity Solutions Market by Vertical, 2022 - 2028, USD Million
TABLE 153 KEY INFORMATION – TELUS INTERNATIONAL, INC.
TABLE 154 KEY INFORMATION – SAMSUNG SDS CO., LTD.
TABLE 155 KEY INFORMATION – GB GROUP PLC
TABLE 156 KEY INFORMATION – NEC CORPORATION
TABLE 157 key information – Thales Group S.A.
TABLE 158 Key information – OneSpan, Inc.
TABLE 159 KEY INFORMATION – FORGEROCK, INC.
TABLE 160 KEY INFORMATION – IMAGEWARE SYSTEMS, INC.
TABLE 161 KEY INFORMATION – IDEMIA SAS
TABLE 162 KEY INFORMATION – JUMIO CORPORATION
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Jun – 2022, Feb) Leading Players
FIG 5 Recent strategies and developments: NEC Corporation
FIG 6 SWOT Analysis: NEC Corporation
FIG 7 Recent strategies and developments: ForgeRock, Inc.
FIG 8 Recent strategies and developments: ImageWare Systems, Inc.
FIG 9 Recent strategies and developments: IDEMIA SAS
FIG 10 Recent strategies and developments: Jumio Corporation