Digital Identity Solutions Market

The study involved major activities in estimating the current market size for the Digital Identity Solution market. Exhaustive secondary research was done to collect information on the Digital Identity Solution market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research.

Secondary Research

During the secondary research process, various sources were looked into to gather information for the study. These secondary sources included annual reports, press releases, investor presentations from Digital Identity Solution software and service providers, online forums, accredited publications, and white papers. The secondary research was used to get insights into the industry supply chain, key players, market segmentation down to a granular level, regional markets, and notable developments from a market and technology perspective. These findings were then validated through primary sources. Factors considered to estimate regional market size included government and technology initiatives, Gross Domestic Product (GDP) growth rates, Information and Communication Technology (ICT) spending, recent market developments, and a thorough analysis of major Digital Identity Solution providers’ market position.

Primary Research

In the primary research process, various supply and demand sources were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the Digital Identity Solution market.

After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also undertaken to identify the segmentation types, industry trends, competitive landscape of Digital Identity Solutions offered by various market players, and fundamental market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies.

*Others include Sales Managers, Marketing Managers, and Product Managers.
Note: Tier 1 companies are those with total annual revenue > USD 10 billion; tier 2 companies are those
with total annual revenue between USD 1 and 10 billion, and tier 3 companies are those with total annual
revenue between USD 500 million and 1 billion
Source: MarketsandMarkets Analysis

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the global Digital Identity Solution market and various other dependent sub-segments in the overall Digital Identity Solution market.

The research methodology used to estimate the market size includes the following details:

• Key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of the top market players, and extensive interviews were conducted for key insights from the industry leaders, such as CEOs, VPs, directors, and marketing executives.
• All percentage splits and breakdowns were determined using secondary sources and verified through primary sources.
• All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added to detailed inputs and analysis from MarketsandMarkets.

Digital Identity Solutions Market : Top-Down and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.