Digital Identity Solutions Market Growth in UK

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UK is expected to grow at 21.0% in Digital Identity solutions MARKET

Organizations in UK focused heavily on the digitization of services during the pandemic. Organizations are increasingly adopting digital identity solutions to streamline operations, enhance security measures, and improve user experiences. This adoption is primarily driven by the need for robust authentication methods in an era marked by rising cyber threats and an escalating digital landscape. According to research by Curity, two-thirds of UK organizations are either currently use digital identity or have plans to incorporate digital identity solutions into their operations.

UK government is taking various initiative to drive digital identity solution adoption in the country.  The government plans to introduce new legislations to make digital identities as trusted and secure as official documents such as passports and driving licenses. Similarly, UK’s Digital Identify and Attributes Trust Framework is the government’s certification scheme designed to provide a set of rules that ensures trustworthy digital identity verification. The UK digital identity and attributes trust framework is currently in its beta version. The trust framework is part of the government’s wider plan to make it quicker and easier for people to verify themselves using modern technology. The goal is to develop a procedure that is just as reliable as utilizing bank statements or passports. The UK’s digital identity and attributes trust framework is not use case specific; rather, it offers a baseline norm for the safe use of digital identities.

 

KEY MARKET PLAYERS

The Digital Identity Solutions market is led by some of the globally established players, such as NEC (Japan), Samsung SDS (South Korea), Thales (Thales), GBG (UK), Tessi (France), Daon (US), ForgeRock (US), Imageware (US). Partnerships, agreements, collaborations, acquisitions, and product developments are some of the various growth strategies by these players to increase their market presence.