Trend Opportunity Profiles—Digital Identity Management

Trend Opportunity Profiles—Digital Identity Management

Social, Technological, and Economic Inclusivity Needs Drive Future Growth Potential for Digital Identity

RELEASE DATE
16-Jul-2021
REGION
Global
Research Code: K5F4-01-00-00-00
SKU: CI00759-GL-MT_25591
$4,950.00
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$4,950.00
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Description

About 1.1 billion of the world’s population lack official proof of identity. This limits citizens’ access to services and precludes an inclusive society that allows citizens’ full participation in social and economic progress. Digital identity management solutions can instill trust and transparency in relationships among public agencies, enterprises, and citizens. Countries with nearly 100% digital identity enrollment, such as Estonia, lead in digital identity as effective benchmarks for other public agencies and enterprises in this space.

As communication and information sharing move from physical to digital media, personal data privacy, security, and user control will become critical enablers for society’s social and economic growth. However, current centralized and federated identity management structures pose major cyber theft risks. For instance, the United States observed a 3,000% increase in cases of citizens’ information fraudulent use in 2020. Technologies, such as blockchain, biometrics, artificial intelligence (AI), and automation can transform the current state of static identity management by providing full control to the user who owns the personal information.

Digital identity management has wide-ranging applicability across key industries, including payments and financial services, smart cities, entertainment, retail, healthcare, mobility, and border security. For instance, customers holding digital identity documentation (ID) can issue and sign verifiable claims when accessing financial services online, such as opening a bank account.

This study offers a detailed view of the global digital identity management market regarding its impact on several industries, innovation attractiveness, and commercial viability. The convergence of transformational Mega Trends and disruptive technologies will result in new growth opportunities in this space, including blockchain-based decentralized digital ID, digital identity custodians, personal cyber insurance, and password-less authentication techniques.

Key Issues Addressed

  • What are the key factors or indicators driving the digital identity management market?
  • What is the scope for innovation and commercialization in this space over the next decade?
  • What are the key growth opportunities to watch out for in the next decade?
  • What are the critical growth success factors for public agencies and companies seeking to enter this space?

Author: Vinay Venkatesan

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why is Growth Becoming Increasingly Difficult to Achieve?

The Strategic Imperative 8™

Our Mega Trend Universe—Overview

Growth Opportunities Fuel the Growth Pipeline Engine™

Our Mega Trend Universe—Impact on Digital Identity

Key Findings

Growth Opportunities Critical to Future Success

Trend Opportunity—Overview

Trend Opportunity—Overview (continued)

Trend Opportunity—Regional Exposure

Trend Opportunity—Regional Exposure (continued)

Trend Opportunity—Industry Implications

Key Trend Opportunity Levers

Trend Opportunity—Attractiveness Analysis

Trend Opportunity—Commercial Examples

Trend Opportunity—Digital Identity Framework

Trend Opportunity—Impact and Certainty Analysis

Trend Opportunity—Impact and Certainty Analysis (continued)

Trend Opportunity Matrix—Trend Innovation Index

Innovation Attractiveness Score

Trend Opportunity Matrix—Trend Growth Index

Growth Attractiveness Score

BEETS Trend Implications

Growth Opportunity 1: Blockchain-based Decentralized Identifiers for Complete User Control and Transparency

Growth Opportunity 1: Blockchain-based Decentralized Identifiers for Complete User Control and Transparency (continued)

Growth Opportunity 1: Blockchain-based Decentralized Identifiers for Complete User Control and Transparency (continued)

Growth Opportunity 2: Digital Identity Custodians as ‘Middlemen’ of Personal Identity

Growth Opportunity 2: Digital Identity Custodians as ‘Middlemen’ of Personal Identity (continued)

Growth Opportunity 2: Digital Identity Custodians as ‘Middlemen’ of Personal Identity (continued)

Growth Opportunity 3: Personal Cyber Insurance for Comprehensive Cyber Protection

Growth Opportunity 3: Personal Cyber Insurance for Comprehensive Cyber Protection (continued)

Growth Opportunity 3: Personal Cyber Insurance for Comprehensive Cyber Protection (continued)

Growth Opportunity 4: Password-less Authentication for Effortless Identity Protection

Growth Opportunity 4: Password-less Authentication for Effortless Identity Protection (continued)

Growth Opportunity 4: Password-less Authentication for Effortless Identity Protection (continued)

Critical Growth Success Factors

Conclusion—The Way Forward

Identifying Your Company’s Growth Zone

Your Next Steps

List of Exhibits

Legal Disclaimer

Our Mega Trend Universe

Our Mega Trend Universe (continued)

Related Research
About 1.1 billion of the worlds population lack official proof of identity. This limits citizens access to services and precludes an inclusive society that allows citizens full participation in social and economic progress. Digital identity management solutions can instill trust and transparency in relationships among public agencies, enterprises, and citizens. Countries with nearly 100% digital identity enrollment, such as Estonia, lead in digital identity as effective benchmarks for other public agencies and enterprises in this space. As communication and information sharing move from physical to digital media, personal data privacy, security, and user control will become critical enablers for societys social and economic growth. However, current centralized and federated identity management structures pose major cyber theft risks. For instance, the United States observed a 3,000% increase in cases of citizens information fraudulent use in 2020. Technologies, such as blockchain, biometrics, artificial intelligence (AI), and automation can transform the current state of static identity management by providing full control to the user who owns the personal information. Digital identity management has wide-ranging applicability across key industries, including payments and financial services, smart cities, entertainment, retail, healthcare, mobility, and border security. For instance, customers holding digital identity documentation (ID) can issue and sign verifiable claims when accessing financial services online, such as opening a bank account. This study offers a detailed view of the global digital identity management market regarding its impact on several industries, innovation attractiveness, and commercial viability. The convergence of transformational Mega Trends and disruptive technologies will result in new growth opportunities in this space, including blockchain-based decentralized digital ID, digital identity custodians, personal cyber insurance, and password-less authentication techniques.--BEGIN PROMO--

Key Issues Addressed

  • What are the key factors or indicators driving the digital identity management market?
  • What is the scope for innovation and commercialization in this space over the next decade?
  • What are the key growth opportunities to watch out for in the next decade?
  • What are the critical growth success factors for public agencies and companies seeking to enter this space?

Author: Vinay Venkatesan

More Information
No Index No
Podcast No
Author Vinay Venkatesan
Industries Cross Industries
WIP Number K5F4-01-00-00-00
Is Prebook No
GPS Codes 9A3B