Overview- Digital Identity Management

Goals

To gain an understanding of the overview of Digital Identity Management, competitive analysis, and an overview of Digital Currency and cryptocurrency management.

Early Findings

Digital Identity Solutions Market

  • The market size of global digital identity solutions was USD 13.7 billion in 2019 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 17.3% from 2019 to 2024.

Competitors- KZ Technologies

  • VerifyMe, Inc. is a global technology solutions company delivering brand protection offerings to mitigate counterfeiting, product diversion, and illicit trade. The company serves consumers, companies, and governments around the world.
  • SecureKey is the identity and authentication service provider that gives consumers secure and convenient access to critical online services. The company enables the use of contactless cards and mobile phones as a factor to implement strong online authentication.

Gemalto

  • Gemalto is a digital security company that offers mobile connectivity, payment technology, and data protection solutions to manage services.

Cryptocurrency Management

  • The global crypto asset management market size is USD 0.4 billion in 2020 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 23.8% from 2020 to 2025.
  • Fidelity Digital Assets (FDA) is a subsidiary of Fidelity Investments focused on support for its institutional customer's holdings in digital assets. The company offers a full-service, enterprise-grade platform for securing, trading, and servicing investments in digital assets.

Central Bank & Government Digital Currencies & Initiatives

  • China’s central bank has taken initiative to replace paper money with e-RMB. This approach is to make payments via e-RMB contactless, and transactions can be made via Bluetooth and encrypted NFC when two mobile phones with electronic wallets approach each other.

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