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The Digital Identity sector has become a key player in the rapidly changing education market by providing innovative solutions aimed at meeting the increasing need for secure identity verification. The competition in this industry is fierce, and to position themselves effectively in it, Digital Identity companies utilize various strategies for gaining market share. One of them is differentiation, which is where organizations highlight unique features or benefits that make them different from others. For instance, Digital Identity firms within the education space can distinguish themselves by offering seamless integration with educational platforms, high-security levels, and simple user interfaces. By emphasizing these special aspects, corporations can develop their niche markets and consequently appeal to clients who are after specific value propositions.
Additionally, market penetration is another basic strategy. Digital Identity firms may focus on certain fragments of the education sector, such as online learning platforms, academic institutions, or certification programs. To gain a strong foothold within these specialized areas and increase their market shares there, these companies will need to tailor-make their innovations so that they can best satisfy their specific needs. Furthermore, innovation is very critical while jostling for a better market share position. It means that there are always new demands emerging in the field of education, hence calling for research and development investment by digital identity companies that seek to remain relevant in this kind of business (Bouckaert et al., 2018). By being ahead of technology developments as well as dynamic changes in safety issues, companies may appear among those who set trends in this sphere, attracting users who want cutting-edge identification techniques.
Moreover, strategic partnerships offer great opportunities for positioning on market share. By cooperating with established educational technology providers, students' information systems, or industry associations, Dicas enhances its visibility and reputation across America's school system, especially universities. The benefit of such cooperation would be a wider customer base, thus establishing the company as an authoritative provider of authentication services. Thus, to achieve an effective positioning of the company on marketing shares, it should strive to put the customers at the core of its business operations. Companies in that line should be devoted to ensuring that clients are satisfied as they offer personalized guidance, all-inclusive training, and responsive customer support. This way, firms can develop strong ties with educational institutions as well as students, thereby becoming the preferred provider of identification help. Moreover, an effective marketing and communication strategy is indispensable. Thus, one may suggest that Dicas could use targeted advertising campaigns and take part in industry events to enhance its brand recognition and establish itself as a thought leader among education technology companies.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Education’s wide expansion into the digital realm |
| Market Dynamics | The development of biometrics integration in smartphones and growing demand for digital identity-based authentication methods such as biometric expertise and multi-factor authentication |
Digital Identity in Education market Market Highlights:
Digital Identity in Education Market Overview
Digital Identity in Education market Size was valued at USD 1.7 Billion in 2022. The Digital Identity in Education market Organization Size is projected to grow from USD 2.04 Billion in 2023 to USD 8.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 20.00% during the forecast period (2023 - 2032). Increased use of commercial businesses' internet services and the popularity of ID wallets are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Digital Identity in Education Market Trends
Development of biometrics integration in smartphones is driving the market growth
The development of biometrics integration in smartphones is one of the key drivers fueling the market's expansion. Additionally, there is a rising need for digital identity-based authentication techniques like multi-factor authentication and biometric knowledge, which are more dependable and safe than passwords. For example, Prove Identity, Inc., a supplier of digital identity authentication platforms, introduced Prove Auth in October 2022 as a next-generation omnichannel authentication and passwordless login solution. Businesses can use the solution to lessen their reliance on passwords and one-time passcodes (OTPs). It gives customers the ability to authenticate across all channels, including desktops, phones, and call centers, with a straightforward, affordable, and secure solution.
The most significant aspects of the students' identities and how they connect to their online activities will be the subject of reflection. Students will have a variety of reactions and knowledge levels on what constitutes their identities due to the complexity of identity formation and the distinctive developmental process that each individual goes through. Some students may benefit from extra assistance and prodding to identify the most significant influencers in their lives and what they value most. Students will investigate how preconceptions, and more specifically gender stereotypes, affect their identities. Students will be asked to react to various gender-related statements and to reflect on their implications. Although the objective of this lesson is to begin students discussing and thinking about typical stereotypes connected with "boy" and "girl," as well as with the concept of gender in general, some students may want to have a lengthy discussion about the relative correctness or truthfulness of the claims. In order for the lesson to be effective, teachers must encourage students to go past that point and concentrate on the potential harm that stereotypes may do to people's identities and to the way they treat others. Thus, driving the Digital Identity in Education market revenue.
Digital Identity in Education Market Segment Insights
Digital Identity in Education Offering Insights
The Digital Identity in Education market segmentation, based on offering, includes solutions and services. Solutions segment dominated the global market in 2022. Different suppliers offer digital identification solutions as a platform or tool that is integrated with the infrastructure of an organisation.
Digital Identity in Education Solution Type Insights
The Digital Identity in Education market segmentation, based on solution type, includes identity verification, authentication, identity lifecycle management, and other solution types. Authentication segment dominated the Digital Identity in Education market in 2022. Identity authentication is used to confirm the legitimacy of the user and to stop fraud. Based on the forms of authentication used, the market for digital identity solutions has been split into two groups: single-factor and multi-factor.
Digital Identity in Education Identity Type Insights
The Digital Identity in Education market segmentation, based on identity type, includes biometric and non-biometric. Biometric segment dominated the Digital Identity in Education market in 2022. This is due to their higher level of security compared to traditional key (or keycard) and password systems. Additionally, as digital identity management solutions advanced, passwords were generally superseded by biometric authentication techniques including fingerprint, facial recognition, retinal or eye scan, handprint, and voice recognition.
Digital Identity in Education Organization Size Insights
The Digital Identity in Education market segmentation, based on organization size, includes large organization and SMEs. Large organization segment dominated the global market in 2022. Large organizations, which have a sizable workforce and associated networking equipment exposed to identity-related risk, were among the first to embrace digital identification solutions. Businesses that have offices in various locations are forced to offer their solution to their employees through real-time data access, and they are progressively integrating digital identification solutions to increase company productivity throughout the world. Access risk and risk outliers can both be found using the solution. Large businesses are therefore anticipated to use more digital identity systems that comply with different standards and laws.
Figure 1: Digital Identity in Education market, by Organization Size, 2022 & 2032 (USD Billion)
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Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Digital Identity in Education Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Digital Identity in Education market dominated this market in 2022 (45.80%). Governments have chosen hybrid identification credentials frequently to strike a compromise between accessibility and convenience while replacing the physical ID with a digital ID. In order to prioritize residents and customers who are digital natives, there has been enormous innovation in the identification environment since the pandemic propelled digital transformation in banking, travel, and other businesses. Further, the U.S. Digital Identity in Education market held the largest market share, and the Canada Digital Identity in Education market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: DIGITAL IDENTITY IN EDUCATION MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Digital Identity in Education market accounted for the healthy market share in 2022. This is due to the presence of significant firms who provide this solution in this area, including GBG, Daon, Inc., NEC Corporation, and Thales. Additionally, a number of regional sectors have implemented these solutions significantly, which is anticipated to promote market expansion. Additionally, the region's industry is projected to experience tremendous development potential due to the rise in early incorporation of cutting-edge technology. Further, the German Digital Identity in Education market held the largest market share, and the U.K Digital Identity in Education market was the fastest growing market in the European region.
The Asia Pacific Digital Identity in Education market is expected to register significant growth from 2023 to 2032. Significant developing economies in Asia-Pacific include China, Japan, India, Singapore, and South Korea. The sector for digital identity solutions in this region is expanding quickly as a result of new technology. Given their potential to improve the efficacy, functionality, scalability, and scope of governmental programs and legislation, digital IDs have grown in popularity on a global scale. Moreover, China’s Digital Identity in Education market held the largest market share, and the Indian Digital Identity in Education market was the fastest growing market in the Asia-Pacific region.
Digital Identity in Education Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the digital identity in education market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Digital Identity in EducationIndustry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Digital Identity in Education Industry to benefit clients and increase the market Solution Type. In recent years, the Digital Identity in Education Industry has offered some of the most significant advantages to medicine. Major players in the Digital Identity in Education market, including 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, and Hashcash Consultant Good Digital Identity, are attempting to increase market demand by investing in research and development operations.
The aerospace, defense, and security markets are served by Thales SA (Thales), which also offers smart technologies, electronic systems, software, ground transportation, services, and equipment. For the aircraft industry, it offers training solutions, flight avionics, electrical systems, electric systems, and air traffic management systems. For the ground, marine, and air defense markets, the business also offers weapon systems, protection systems, cybersecurity solutions, radio communications products, network and infrastructure systems, vital information systems, and cybersecurity solutions. Additionally, Thales provides training, maintenance, and repair services. The corporation has activities throughout the Middle East, Africa, Asia-Pacific, Europe, and the Americas. The head office of Thales is located in Paris, Ile-de-France, France.
Wireless and wireline telecommunication services are offered by Telus Corp (Telus). The company provides a wide range of communications products and services, such as voice, data services, mobile, IP, television, video, and security; internet; entertainment; unified communications conferencing and collaboration; security consulting and managed services; cloud and managed information technology services; advisory services for home and business security and automation; and cutting-edge security and cloud-based solutions. Customers can access phone and internet services from Telus on all major wireless networks. Fast internet access, video, chat, social networking, and mobile applications are all part of its service offering. Additionally, the business offers healthcare IT solutions. It conducts business in Central America, Asia, Europe, and North America. Vancouver, British Columbia, is the home of Telus.
Key Companies in the Digital Identity in Education Market Include
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NEC
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Samsung SDS
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Thales
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Telus
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GBG
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Tessi
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Daon
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ForgeRock
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ImageWare
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Jumio
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iProov
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ID R&D
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Refinitiv
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OneSpan
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Smartmatic
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Freja EID Group
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Vintegris
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AU10TIX
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Signicat
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Duo Security
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Syntizen
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Hashcash Consultant
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Good Digital Identity
Digital Identity in Education Industry Developments
November 2022: To facilitate background checks and expand their digital identification solutions, Yoti Ltd. and Sterling, a provider of background and identity solutions, worked together.
Digital Identity in Education Market Segmentation
Digital Identity in Education Offering Outlook
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Solutions
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Services
Digital Identity in Education Solution Type Outlook
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Identity Verification
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Authentication
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Identity Lifecycle Management
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Other Solution Types
Digital Identity in Education Identity Type Outlook
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Biometric
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Non-biometric
Digital Identity in Education Organization Size Outlook
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Large Organization
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SMEs
Digital Identity in Education Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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