Personal Identity Management Market

Global Personal Identity Management Market is valued at USD 10.52 Billion in 2018 and expected to reach USD 12.80 Billion by 2025 with the CAGR of 11.65 % over the forecast period.

 

Increasing prevalence of smart device adoption and internet user is driving Personal Identity Management market

Personal identity management is applicable for securing and maintaining customer profile database, authentication while accessing services of a company by customers, and others. Personal identity management primarily supports business security and compliance by only allowing explicitly credentialed users to access sensitive information. Digital identities and secure environments are a fundamental precondition for giving life to e-government, e-health, and e-commerce. Personal identity management industry has seen several breakthroughs and developments through increased adoption of Personal identity management in small, midsized and large enterprises in their workflow. In addition many governments are investing money on personal identity management.

Global personal identity management market report is segmented on the basis application, deployment type, service, vertical and region. Based upon application segment personal identity management market is divided into access control and content management. Based upon deployment type segment personal identity management market is divided into on-premises and cloud. Based upon services segment personal identity management market is divided into professional services and managed services. Based upon vertical segment the market is divided into BFSI, government, telecom and it, retail and CPG, energy and utilities, education, manufacturing, healthcare and life sciences and other.

The regions covered in this Personal Identity Management Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Personal Identity Management Companies:

Global Personal Identity Management report covers prominent player

Acxiom Inc.

Azigo Inc.

Bluekai Inc.

Experian Inc.

Merkle. Inc.

Mydex Data Services.Inc.

Signature Systems Inc.

McAfee Inc.

Quick Heal Technologies (P) Ltd.

Kaspersky Lab.

 

 Personal Identity Management market dynamics

Increasing the number of cybercrime incidences strict government regulations for data security are the major factors boosting the growth of personal identity management market. In the past few years, internet use is rapidly increasing in order, and cybercrime also rising due to low security. However, the increasing cybercrime is a big concern of internet users and it indirectly boosts up the personal identity management market. For example, According to the Cyber Security Breaches Survey 2018, 43% of businesses were a victim of a cyber-security breach in the last 12 months. In the U.S., the state of California lost more than $214 million through cybercrime alone. However, high cost and time-consuming process for users to access their information is hindering the market. Moreover, increasing awareness about cybersecurity, growing use of the internet of things in the different sectors these factors are creating various opportunities in the forecast period in the personal identity management market.

North America is dominating region in the Personal Identity Management Market

Increasing use of technologically advanced devices with the internet of things is raising the cybercrime and this factor is spurring the demand for personal identity management market. Additionally, increasing smart home devices, smartphones, and other things are augmenting the growth of personal identity management market. For example, Sectors in Canada which reported the highest level of incidents included banking institutions (47%), universities (46%), and pipeline transportation (45%). Businesses in these sectors were mostly impacted by incidents to steal money or demand ransom payments in 2017. Europe is second in terms of revenue followed by Asia pacific due to the increasing mobile, internet users and smart devices. 91% of adults in the UK were recent internet users in 2019, up from 90% in 2018. Moreover, Asia Pacific is a fastest growing market in the personal identity management market due to the strict government regulations and cybersecurity concerns.

Key Benefits for Global Personal Identity Management Market Report:-

Global market report covers in depth historical and forecast analysis.

Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.

Global market report helps to identify opportunities in market place.

Global market report covers extensive analysis of emerging trends and competitive landscape.

Global Personal Identity Management Market Segmentation

By Application: Access control, Content management

By Deployment Type: On-Premises, Cloud

By Service: Professional services, Managed services

By Vertical: BFSI, Government, Telecom and IT, Retail and CPG, Energy and Utilities, Education, Manufacturing, Healthcare and Life sciences, Other

Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa