Mobile Identity Market Size, Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities and Forecast Period
Posted 2025-05-27 14:47:39
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The mobile identity market was estimated to be worth USD 3.4 billion globally in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 27.4% over the course of the forecast period. The term "mobile identity" describes the distinct digital identity of mobile devices or the person who uses them. The industry is expanding due to rising demand for improved internet security.
By recognizing user identities and transactions, mobile identification aids in the prevention of fraudulent activity. The market is expanding due to the growing need for mobile identity in banking and e-commerce. Two-factor authentication uses mobile identity as a second factor.
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Growth Drivers
Globally, the growing popularity of smartphones and mobile internet is greatly boosting market demand. Mobile identity verification is becoming more and more necessary as digital services in banking, healthcare, government, and e-commerce grow. Secure mobile authentication and identity management systems are essential due to the rise in identity theft and cyber fraud instances. high customer need for smooth and safe online interactions.
Adoption is being accelerated by government-led digital identity initiatives like the EU Digital Identity Wallet and India's Aadhar. One of the biggest users of mobile identification solutions is the financial industry, which is seeing an increase in demand. Users now have control over their data thanks to emerging trends in decentralized identification, which is spurring innovation in the field of mobile identity.
Segmentation
Mobile Identity Market by Solution
· Software
· Services
o Professional Services
o Managed Services
Mobile Identity Market by Professional Service
· Consulting
· Integration
· Support and Maintenance
Mobile Identity Market by Deployment
· Cloud-based
· On-premises
Mobile Identity Market by Enterprise Size
· Small and Medium Enterprise
· Large Enterprise
Mobile Identity Market by End User
· BFSI
· IT and Telecom
· Retail
· Healthcare
· Transportation and Logistics
· Manufacturing
· Government
· Others
By Region
· Asia Pacific
· North America
· Middle East and Africa
· Europe
· Latin America
Key Players
· SOTI
· AppTec360
· Baramundi
· Broadcom, Inc.
· Oracle
· Okta
· Google
· IBM
· Ivanti
· Kaspersky Labs
· ManageEngine
· Micro Focus
· Microsoft Corporation
· SAP SE
· VMware
· Other Players
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