Digital Identity And Security Market Size to grow by USD 64.4 billion between 2024-2028
Technavio, a leading provider of market research reports, has released its latest study on Digital Identity And Security Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
Key Highlights:
The market size is estimated to grow by USD 64.4 billion, at a CAGR of 21.23% during the forecast period. In the digital identity and security market, the convergence of blockchain, machine learning (ML), and Artificial Intelligence (AI) technologies is driving innovation. These advanced technologies are automating identity management and security processes, thereby minimizing human intervention and associated risks. ML-based analytics enable vendors to analyze vast volumes of identity-related data and access activities, enabling precise measurement and reporting of user, account, application, department, and organizational risk posture. This reduction in the identity attack surface is creating new market opportunities for digital identity and security solutions. By allowing computers to discover hidden insights without explicit programming and automating the construction of analytical models, these technologies are revolutionizing the digital identity and security landscape.
For insights on company offerings- Request a sample report!
The Digital Identity and Security market encompasses solutions that safeguard and manage electronic identities, ensuring secure access to digital platforms and maintaining data privacy. These solutions employ advanced technologies such as multi-factor authentication, biometric verification, and encryption to mitigate cyber threats and protect valuable business assets. Market growth is driven by the increasing adoption of digital technologies, stringent data protection regulations, and the rising number of cyber attacks.
About Technavio
Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/