Digital Identity in Healthcare Market is Estimated to Register a CAGR of 15.9% During the Forecast Period of 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the Global Digital Identity in Healthcare Market that contains information from 2018 to 2032. The digital identity in healthcare market is estimated to register a CAGR of 15.9% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Digital identity in healthcare market— NEC, Samsung SDS, Thales, Telus, IDEMIA, GBG, Tessi, Daon, ForgeRock, ImageWare, Jumio, iProov, ID R&D, Refinitiv, OneSpan, Smartmatic, Freja EID Group, Vintegris, AU10TIX, Signicat, Duo Security, Syntizen, Hashcash Consultant and Good Digital Identity.


Market Highlights


The global Digital identity in healthcare market is accounted to register a CAGR of 15.9% during the forecast period and is estimated to reach USD 12.5 Billion by 2032.


The global market for digital identity in healthcare is expanding as a result of the healthcare sector's increasing prevalence and sophistication of authentication coupled with patient medical history, as well as the incorporation of biometric capabilities into remote accessible devices. Additionally, chances for market expansion are anticipated to arise from the increased use of contactless biometric technologies and higher adoption rate of digital technology in healthcare domain.


Segment Analysis


The global digital identity in healthcare market has been segmented based on offering, solution type, identity type and organization size.


On the basis of offering, the market is segmented into solutions and services. Solutions segment dominated the global market in 2022. Giving companies the resources they need to set up comprehensive, secure identity management systems enables this.


Based on solution type, the global digital identity in healthcare market has been segmented into identity verification, authentication, identity lifecycle management, and other solution types. The authentication segment dominated the global Digital Identity in Healthcare market in 2022. Based on how much energy each occupant consumes over the course of a year, month, or four weeks, this information is utilized to estimate their cost.


Based on identity type, the global digital identity in healthcare market has been segmented into biometric and non-biometric. Biometric segment dominated the global Digital Identity in Healthcare market in 2022. The majority of organizations are making the switch to cloud-based infrastructure and digitization, which will allow them to grow their operations and improve customer experiences.


Based on organization size, the global digital identity in healthcare market has been segmented into large organization and SMEs. Large organization segment dominated the global market in 2022. This could be explained by factors such as higher levels of control and flexibility compared to cloud systems, which are expected to fuel segment expansion throughout the course of the foreseeable period.


Regional Analysis


The global digital identity in healthcare market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe digital identity in healthcare market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The digital identity in healthcare market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World digital identity in healthcare market comprises of Middle East, Africa, and Latin America.


The North America digital identity in healthcare market dominated this market in 2022. The United States leads the market for digital identification solutions in North America, which is bolstered by the presence of key industry competitors. The Digital Signature and Electronic Authentication Law (SEAL), passed by the United States Senate, requires digital verification for all sorts of digital transactions.


Moreover, in 2022, the market for digital identity in healthcare held a sizable market share in Europe. With the terrifying coronavirus epidemic, digital identification solutions have emerged as a critical component of patient security and monitoring. Healthcare institutions are implementing a Know Your Patient policy, and many online pharmacies use age verification tools.


Additionally, from 2023 to 2032, it's anticipated that the Asia Pacific digital identity in healthcare market would develop significantly because of an upsurge in data breaches, the authorities have been obliged to establish a secure platform. This platform employs novel identity management approaches, as well as artificial intelligence and machine learning, to reduce access gaps that impair clinical and operational operations while posing no risk to patient data security or privacy.


Furthermore, the rest of the world's digital identity in healthcare market is divided into the Middle East, Africa, and Latin America. The rising frequency and sophistication of authentication and identity frauds in the BFSI sector, as well as the integration of biometric capabilities into mobile devices, are driving the growth of the worldwide digital identity in healthcare market in this area.


Key Findings of the Study



  • The global digital identity in healthcare market is expected to reach USD 12.5 Billion by 2032, at a CAGR of 15.9% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market because of an upsurge in data breaches, the authorities have been obliged to establish a secure platform.

  • Based on organization size, the large organization segment was attributed to holding the largest market in 2022.

  • NEC, Samsung SDS, Thales, Telus, IDEMIA, GBG, Tessi, Daon, ForgeRock, ImageWare, Jumio, iProov, ID R&D, Refinitiv, OneSpan, Smartmatic, Freja EID Group, Vintegris, AU10TIX, Signicat, Duo Security, Syntizen, Hashcash Consultant and Good Digital Identity are key market players.




 

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Companies Covered 15
Pages 128
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