The US Digital Identity Solutions Market size is projected to grow from USD 11.89 billion in 2024 to USD 34.03 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 19.2% during the forecast period.
An expansion in US internet usage has led to the increasing demands for protected digital identity platforms because businesses together with end-users required protected online transactions along with secure credentials. The rise of privacy issues stimulates government-backed smart infrastructure and smart cities initiatives which drive market expansion due to digital identity implementation. Organizations now need to implement thorough identity verification systems due to the California Consumer Privacy Act (CCPA) which ensures consumer data control. Through federal financial support of digital identity programs the market experiences accelerated innovation while ensuring easy and secure authentication processes in multiple sectors thus developing market strength.
Download PDF Sample: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=247527694
The solutions segment is expected to account for the largest market share by offering segment in the US digital identity solutions market during the forecast period.
The solutions segment leads as the largest market segment in US digital identity solutions because industries are increasingly demanding secure authentication together with identity verification. Advanced identity management solutions become the choice of organizations because they fight against increasing cyber threats alongside identity fraud and data breaches. The increase in digital payments together with remote work requirements and online service delivery creates amplified market demand for biometric authentication technologies and multi-factor authentication (MFA) and identity and access management (IAM) systems. The California Consumer Privacy Act (CCPA) together with other stringent regulations pushes business entities to enhance their identity security methods thus increasing market-wide adoption. The deployment of these solutions increases because government programs dedicate effort toward modernizing digital identity systems from smart infrastructure to secure credentialing. Digital identity solutions maintain their position as a fundamental market investment because both private sector businesses and public sector entities focus on enhanced cybersecurity along with easy user experiences.
The managed services segment is expected to grow at the highest CAGR by services segment in the US digital identity solutions market during the forecast period.
Managed services represent the segment with the fastest growth rate in the US digital identity solutions market because businesses need to protect identities continuously against evolving cybersecurity threats that became increasingly complex. The identification of managed service providers (MSPs) allows organizations to free their in-house IT staff from managing identity lifecycle processes while receiving assistance with authentication and monitoring compliance requirements. Organizations now require outsourced identity management services because of their need to shift to cloud-based identity solutions alongside increasing regulatory requirements like CCPA. Businesses which implement digital transformation require knowledgeable support to achieve smooth implementation as well as instant threat identification and immediate security upgrades. Managed services provide cost-effective solutions and adjustable features which enable small to medium businesses without security personnel to benefit from these services. The US market has adopted managed identity services as a vital digital security component because organizations focus on data privacy along with preventing fraud and meeting regulatory requirements.
The biometric segment is expected to account for the largest market share by identity type segment in the US digital identity solutions market during the forecast period.
The biometric segment is expected to hold the largest market share within the identity type segment due to its superior security, accuracy, and convenience. Manufacturers have rapidly integrated biometric authentication methods including fingerprint scanning, facial recognition, and iris recognition for different industries such as banking, healthcare, and government to stop identity fraud and unauthorized access. Businesses and government agencies use biometric authentication to improve security while maintaining simple processes for users due to escalating data security fears about identity theft cases. Moving forward regulatory actions that endorse digital identities have fostered the rapid growth of biometric technology adoption. Mobile devices and online transactions as well as access control systems have expanded their adoption of biometric authentication technologies because of increasing demand. Biometrics are preferred as identity verification method since organizations have moved to passwordless authentication to fight cyber risks.
Top Companies in the market
HID Global (US), CrowdStrike (US), DXC Technology (US), IBM (US), CyberArk (US), SailPoint Technologies (US), Ping Identity(US), ACI Worldwide (US), Jumio(US), OneSpan (US), Duo Security (US), Imprivata (US), Incode Technologies (US), and Persona (US) are the key players and other players in the US Digital Identity Solutions market.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.
In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
