CHICAGO, July 22, 2021 /PRNewswire/ — According to new market research report “Digital Identity Solutions Market with Covid-19 Impact Analysis by Component (Solutions and Services), Solution Type (Biometrics and Non-Biometrics), Authentication Type, Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2026″, published by MarketsandMarkets™, In the post-COVID-19 scenario, the global Digital Identity Solutions Market size is projected to grow from USD 23.3 Billion in 2021 to USD 49.5 Billion by 2026, recording a Compound Annual Growth Rate (CAGR) of 16.2% from 2021 to 2026.
The market’s growth in the market can be attributed to the increase in instances of identity-related frauds and data breaches and the need for compliance with various upcoming regulations.
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419 – Tables
51 – Figures
316 – Pages
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Based on solution type, the Biometric segment is estimated to lead the market in 2021.
Based on solution type, the Digital Identity Solutions Market has been bifurcated into two segments: biometrics and non-biometrics. These solutions play a vital role in every organization. Most organizations are moving toward digitalization and cloud-based infrastructure, which help them drive businesses forward and strengthen customer relationships. Biometric segments market to hold the largest…