Digital Identity Solutions Industry Projections, 2020-2024 - Increased Adoption of the Cloud-Based Digital Identity Solutions, Wide Adoption of Authentication Across Verticals
The market growth is driven by various factors, such as rising identity and authentication frauds, increased integration of biometrics in smartphones, and increased focus on enhanced end-to-end customer experience, which have contributed considerable share into the digital identity solutions ecosystem market.
- The market growth is driven by various factors, such as rising identity and authentication frauds, increased integration of biometrics in smartphones, and increased focus on enhanced end-to-end customer experience, which have contributed considerable share into the digital identity solutions ecosystem market.
- Multi-factor authentication provides more than 1 one method of authentication for users to confirm the user's identity and provide access to sources.
- Asia Pacific (APAC) has a great scope for growth in the digital identity solutions market.
- The fast expansion of regional enterprises in APAC is another crucial variant contributing to the growth of the digital identity solutions market.