Personal Identity Management
Personal Identity Management Market by Services (Managed Services, Professional Services), Data Type (Behavioral Data, Derived Data, Individual Identity Data), Deployment Type, Application, End-User - Global Forecast 2024-2030
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[192 Pages Report] The Personal Identity Management Market size was estimated at USD 13.89 billion in 2023 and expected to reach USD 15.32 billion in 2024, at a CAGR 10.63% to reach USD 28.18 billion by 2030.

Personal identity management (PIM) refers to the set of tools, processes, and policies that allow individuals to control, manage, and secure their personal identity data across various platforms and contexts on the internet. This includes managing permissions for data access, protecting personal information from unauthorized access, and ensuring the integrity and confidentiality of identity data in digital environments. The drivers propelling the growing import of PIM include increasing online transactions, the proliferation of digital identities, and heightened awareness regarding personal data security. However, restraints involve complexities in managing identities across disparate systems and potential resistance against adopting new technologies. One of the significant challenges in PIM arises from the evolving nature of cyber threats, which necessitates continuous updates and maintenance of identity management solutions. The disparate regulations across jurisdictions pose a challenge in creating universally compliant solutions. Moreover, PIM offers substantial opportunities, particularly in enhancing online security, fostering trust in digital transactions, and improving user experience through streamlined access to services. Individuals and organizations are expected to significantly reduce the likelihood of identity theft and fraud, thereby safeguarding personal data in an increasingly digital world.
Regional Insights

Personal Identity Management (PIM) is increasingly essential globally, driven by regulatory requirements, cybersecurity threats, and digital transformation. The United States leads in PIM adoption due to stringent regulations and significant cyber threats, focusing on sectors including finance, healthcare, and government, with notable investments in AI and blockchain. Canada aligns with the U.S. with robust cybersecurity measures under regulations, including the Personal Information Protection and Electronic Documents Act (PIPEDA). European nations emphasize GDPR compliance, fostering the adoption of advanced PIM tools for secure transactions and consumer data protection, with significant investment in next-gen technologies. The Middle Eastern market is expanding swiftly, with the UAE and Saudi Arabia at the forefront, driven by digitization and cyber threats. Africa shows gradual PIM adoption, led by South Africa, with challenges in scalability and affordability. China’s market is booming due to government regulations and investments in AI verification systems. Japan's mature market integrates advanced biometrics and AI, driven by technological innovation. India's rapid expansion is fueled by digital initiatives and the Personal Data Protection Bill. Latin American countries, especially Brazil and Mexico, see rising PIM adoption due to digital service growth and cybersecurity investment, albeit with regulatory and budget challenges. ASEAN countries, such as Singapore and Malaysia, focus on cybersecurity frameworks supported by high internet usage and economic initiatives, investing in PIM R&D. The Asia-Pacific region sees increased consumer demand for secure digital transactions, with significant investments in innovative PIM solutions. The Americas, led by the U.S. and Canada, show high regulatory compliance and cyber threat levels, with Latin America making notable cybersecurity investments. EMEA showcases varied trends, with Europe emphasizing GDPR compliance, the Middle East focusing on digitization, and Africa gradually adopting scalable PIM solutions.

The global landscape of Personal Identity Management (PIM) is shaped by diverse regulatory frameworks and strategic initiatives. In the United States, sector-specific regulations, including the Health Insurance Portability and Accountability Act (HIPAA) for healthcare and the Gramm-Leach-Bliley Act (GLBA) for financial services, along with the California Consumer Privacy Act (CCPA) and state laws, enforce stringent data privacy standards. Vendors employ strong encryption, multi-factor authentication, and AI-driven threat detection to ensure compliance. In Europe, the General Data Protection Regulation (GDPR) mandates explicit consent for data processing and prompt breach notifications, driving vendors to implement data minimization, pseudonymization, and high-level encryption. The Asia-Pacific region presents varied regulatory approaches, such as China's Personal Information Protection Law (PIPL) and India's emerging Personal Data Protection Bill, prompting vendors to localize data storage and enhance data sovereignty measures. Global vendors invest heavily in artificial intelligence (AI) and machine learning (ML) for personalized identity verification and expand capabilities to meet regional compliance.

Personal Identity Management Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Personal Identity Management Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Higher adoption of mobile devices and mobile applications
    • Data security initiatives by governments across economies
    • Rising need for efficient and secure systems to tackle cyber threats and data leakage
  • Market Restraints
    • Issues associated with complex integration and security procedures
  • Market Opportunities
    • Ongoing development of new identity and access management solution
    • Higher potential of blockchain-based decentralized identity management solution
  • Market Challenges
    • Challenges occurring in cross-border identity management systems
Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Personal Identity Management Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Personal Identity Management Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Personal Identity Management Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Personal Identity Management Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Personal Identity Management Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Personal Identity Management Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Personal Identity Management Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Personal Identity Management Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Personal Identity Management Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Personal Identity Management Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

As a leading global provider of cloud infrastructure and digital workspace technology, VMware, Inc. was facing significant challenges due to the rising need for efficient and secure systems to tackle cyber threats and data leakage. Before utilizing the Personal Identity Management Market Research Report by 360iResearch, these challenges seemed insurmountable. However, the comprehensive insights and actionable strategies provided by the report have been a game changer for us. With its invaluable data, we were able to pinpoint specific vulnerabilities in our systems and implement robust solutions to prevent potential breaches. The detailed analysis and market trends highlighted in the report enabled us to stay ahead of the curve, significantly enhancing our overall security infrastructure. Thanks to 360iResearch, we have not only mitigated risks but also optimized our operations, ensuring a safer and more efficient environment for our clients. We are extremely satisfied with the positive impact this report has had on our organization's operations.
VMware, Inc.
FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Personal Identity Management Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Personal Identity Management Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Personal Identity Management Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

The Personal Identity Management Market Research Report by 360iResearch provided us with valuable insights and actionable strategies specifically on the higher potential of blockchain-based decentralized identity management solutions. Prior to this, we faced challenges in identifying key trends and opportunities in the market. The report highlighted crucial market dynamics and emerging technologies that were pivotal in shaping our strategic decisions. Since implementing the recommendations, we've seen a significant improvement in our identity management solutions, leading to enhanced security and customer satisfaction. We are thoroughly impressed with the accuracy and depth of the analysis, and it has positively impacted our operations.
Microsoft Corporation
Key Company Profiles

The report delves into recent significant developments in the Personal Identity Management Market, highlighting leading vendors and their innovative profiles. These include VMware, Inc., Microsoft Corporation, IDEMIA Group, Quest Software Inc., Oracle Corporation, Akamai Technologies, Inc., ForgeRock, International Business Machines Corporation, MixMode, Inc., Okta, Inc., LexisNexis Risk Solutions, Ping Identity Corporation, AO Kaspersky Lab, Quick Heal Technologies (P), Acxiom LLC, CyberArk Software Ltd., Signicat AS, Open Text Corporation, SailPoint Technologies, Inc., Broadcom Inc., Avatier Corporation, Entrust Corporation, Delinea Inc., McAfee, LLC, SecureAuth Corporation, and Dentsu International.

Personal Identity Management Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Personal Identity Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Services
    • Managed Services
    • Professional Services
  • Data Type
    • Behavioral Data
    • Derived Data
    • Individual Identity Data
    • Self-Identified Data
  • Deployment Type
    • Cloud
    • On-Premises
  • Application
    • Access Control
    • Content Management
  • End-User
    • Banking, Financial Services, & Insurance
    • Consumer Goods & Retail
    • Energy & Utilities
    • Government
    • Healthcare & Life Sciences
    • IT & Telecom
    • Manufacturing

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The Ongoing development of new identity and access management solution was becoming a significant challenge for us until we discovered the Personal Identity Management Market Research Report by 360iResearch. This report provided us with valuable insights into the market trends and actionable strategies that greatly enhanced our development approach. Specifically, the findings helped us identify crucial industry benchmarks, foresee market demands, and tailor our solutions to meet client needs effectively. The report's comprehensive analysis and strategic recommendations have had a profoundly positive impact on our operations, leading to improved efficiency and product alignment with market needs. Our experience with 360iResearch and their detailed report has been exceptional, and we highly recommend it to any organization facing similar challenges.
IDEMIA Group
This research report offers invaluable insights into various crucial aspects of the Personal Identity Management Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Personal Identity Management Market, by Services
  7. Personal Identity Management Market, by Data Type
  8. Personal Identity Management Market, by Deployment Type
  9. Personal Identity Management Market, by Application
  10. Personal Identity Management Market, by End-User
  11. Americas Personal Identity Management Market
  12. Asia-Pacific Personal Identity Management Market
  13. Europe, Middle East & Africa Personal Identity Management Market
  14. Competitive Landscape
  15. Competitive Portfolio
  16. List of Figures [Total: 26]
  17. List of Tables [Total: 470]
  18. List of Companies Mentioned [Total: 26]
Scope: Personal Identity Management
October 22, 2023
BLOG
Scope: Personal Identity Management
The internet has provided us with immense convenience. It has made our lives so much easier, allowing us to do everything from shopping to banking to connecting with friends and family, all from the comfort of our homes. However, along with all this convenience come various challenges, not the least of which is the need to keep our personal information safe from prying eyes. With the continuing development of new identity and access management solutions, such as personal identity management, individuals can now take charge of their data and control who has access to it. This blog post discusses personal identity management and how it can help keep personal information safe.

What is Personal Identity Management?

Personal identity management (PIM) is a way for individuals to take control of their data, decide what they want to share with whom and when, and keep their personal information safe from cyber criminals. This can include everything from contact information to financial and medical records.

Why is Personal Identity Management so important?

The importance of PIM cannot be overstated in today's world, where data breaches and identity theft are too common. Taking charge of data and keeping it safe effectively reduces the risk of your personal information ending up in the hands of cybercriminals. This helps protect finances, safeguard reputation, and prevent legal and regulatory trouble.

How does Personal Identity Management Work?

Personal identity management gives control over the information shared online. This can include setting permissions for different applications, controlling what data is shared with social media sites, or creating a digital identity that can be used across multiple platforms. PIM software can also help manage passwords and keep them safe.

What are the benefits of Personal Identity Management?

Some key benefits of PIM include greater privacy and security, increased control over data, and simplified access to various applications and services online. Having a comprehensive PIM solution in place can also reduce the risk of being a fraud or identity theft victim, making it easier to carry out online transactions with ease and peace of mind.

How can you implement Personal Identity Management?

Personal identity management can be implemented in several ways. One option is to use a third-party software solution that offers comprehensive identity and access management. Another option is to use an open-source platform such as the OpenID Connect protocol, which enables users to log in to different websites and applications using a single credential. Finally, proactive steps such as using two-step verification, creating strong passwords, and updating software regularly can be taken.

Personal identity management is becoming increasingly important as we spend more and more time online and share more and more personal information. Taking control of data and keeping it safe can reduce the risk of identity theft, protect finances, and safeguard reputation. Whether using a third-party software solution, an open-source protocol or simply taking proactive steps such as two-step verification, implementing PIM can offer significant benefits and provide peace of mind in an increasingly complex digital world.

Frequently Asked Questions
  1. How big is the Personal Identity Management Market?
    Ans. The Global Personal Identity Management Market size was estimated at USD 13.89 billion in 2023 and expected to reach USD 15.32 billion in 2024.
  2. What is the Personal Identity Management Market growth?
    Ans. The Global Personal Identity Management Market to grow USD 28.18 billion by 2030, at a CAGR of 10.63%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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