Market Overview
The Digital Identity in Government Sector Market is projected to reach USD 9.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 18.3% from 2023 to 2032. The increasing demand for secure digital identity solutions across the government sector is driving the growth of the digital identity market in the government sector.
Key Companies
The key companies in the digital identity market in the government sector are
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NEC
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Samsung SDS
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Thales
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Telus
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IDEMIA
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GBG
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Tessi
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Daon
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ForgeRock
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ImageWare
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Jumio
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iProov
Industry Latest News
Recent news in the digital identity market in the government sector includes the launch of IBM’s Trust Your Supplier (TYS) digital identity platform. The platform is designed to help governments and organizations manage their supplier network securely. Additionally, Microsoft has launched its Azure Active Directory B2C service to help organizations manage customer identities.
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Market Opportunities
The increasing adoption of digital identity solutions in the government sector is creating several opportunities for market players. The increasing demand for secure authentication and authorization of users is driving the growth of the digital identity market in the government sector. Additionally, the increasing demand for biometric authentication is providing an impetus to the growth of the digital identity market in the government sector.
Market Segmentation
The digital identity market in the government sector can be segmented based on component, application, and geography. The component segment can be further classified into solutions and services. The solutions segment is further classified into authentication and authorization, identity proofing and verification, access management, and consultancy and integration services. The services segment is further divided into managed services and professional services. The application segment can be further classified into healthcare, banking and finance, defense and intelligence, and other applications.
Regional Insights
The digital identity market in the government sector is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is expected to be the largest market for digital identity solutions in the government sector, owing to the presence of leading market players in the region. Additionally, the increasing demand for secure digital identity solutions is driving the growth of the digital identity market in the government sector in North America. Europe is expected to be the second-largest market for digital identity solutions in the government sector, due to the increasing adoption of digital identity solutions.
In conclusion, the digital identity market in the government sector is expected to witness impressive growth over the forecast period, owing to the increasing demand for secure digital identity solutions. The increasing investment in digital transformation initiatives is also expected to drive the growth of the digital identity market in the government sector.
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