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Global Digital ID Wallet Market Size,Trends, Growth Forecast to 2031

Category : Information & Communications Technology | Report Code : 2036 | Pages : 141 | Oct 2024

Report Overview

A digital ID wallet is an app that allows you to store, manage, and share your personal identity and credential information online. This information can include things like your name, date of birth, driver's license, and other data.

The global Digital ID Wallet market size is projected to grow from US$ 281 million in 2024 to US$ 653 million in 2030; it is expected to grow at a CAGR of 15.1% from 2024 to 2030.

Analytic Insights Hub' newest research report, the “Digital ID Wallet Industry Forecast” looks at past sales and reviews total world Digital ID Wallet sales in 2022, providing a comprehensive analysis by region and market sector of projected Digital ID Wallet sales for 2023 through 2029. With Digital ID Wallet sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Digital ID Wallet industry.

This Insight Report provides a comprehensive analysis of the global Digital ID Wallet landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Digital ID Wallet portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Digital ID Wallet market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Digital ID Wallet and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Digital ID Wallet.

Europe, Asia and North America occupy important markets. Many countries in those regions have launched their digital ID programs. For example, in Asia, India has implemented a digital identity system called Aadhaar, which provides each citizen with a unique 12-digit identification number. And the system is used for a range of government services, including social welfare programs and financial services. While Singapore has implemented a digital identity system called SingPass, which allows users to access a range of government services and sign documents digitally. As for Europe, since 2019, the European Union has been developing an ambitious digital identity initiative, the European Digital Identity, to provide a digital identity wallet for EU citizens, residents, and businesses, who want to identify themselves or confirm data for private and offline services across the EU.

This report presents a comprehensive overview, market shares, and growth opportunities of Digital ID Wallet market by product type, application, key players and key regions and countries.

Segmentation by Type:
    Centralized Identity Wallet
    Decentralized Identity Wallet

Segmentation by Application:
    Government Services
    Financial Services
    Health Care
    Education Industry
    Tourism and Transportation
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

Segmentation by Type:
    Centralized Identity Wallet
    Decentralized Identity Wallet

Segmentation by Application:
    Government Services
    Financial Services
    Health Care
    Education Industry
    Tourism and Transportation
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Thales Group
    Google
    Apple
    IDEMIA
    SK ID Solutions
    Baidu
    Dock Wallet
    GET Group Holdings
    Imtoken
    Bluink
    ID123 Inc.
    Elliott Data Systems
    Cybernetica

Frequently Asked Questions?

Ans - The purpose of a Digital ID Wallet market research report is to provide data-driven insights and analysis on a Digital ID Wallet market. It helps businesses understand industry trends, competition, consumer behavior, market size, growth potential, and risks, supporting strategic decision-making.

Ans - Market research reports typically include both quantitative (market size, revenue, growth rates) and qualitative (trends, consumer preferences, competitive analysis) data. It often includes industry statistics, surveys, expert opinions, historical data, and future forecasts.

Ans - The forecast period typically for Digital ID Wallet market report spans the next 5 to 10 years. It includes projected market trends, growth opportunities, and potential challenges.

Ans - Yes, Analytic Insights Hub customization services, allowing businesses to focus on specific geographies, sectors, or market segments that are relevant to them.

Ans - The report highlights major trends such as technological innovations, consumer behavior shifts, regulatory changes, or emerging markets that may impact the industry?s growth.