Digital Identity Management Industry Overview and Top Competitors

• Per a market research report released in February 2020 from MarketsandMarkets, the digital identity solutions market will grow at a CAGR of 17.3 percent from 2019 to 2024. The industry will thus grow from $13.7 billion in 2019 to $30.5 billion in 2024.
• A more recent report released in July 2020 from Adroit Market Research predicts a CAGR of 16 percent through 2025, reaching $33 billion in that timeframe.
• The Asia-Pacific region is predicted to have the highest growth in the industry through 2025, while the North American region will continue to be the overall dominant region.
•  Top players in the digital identity management industry include IDEMIA, ForgeRock, Imageware Systems, Jumio, NEC, Samsung SDS, Signicat, Telus, Tessi, and Thales Group.

SecureKey Competitor Profile

• Description and website: Based in Toronto, Ontario, SecureKey provides identity and authentication solutions to consumers.
• SecureKey has an estimated annual revenue of $12 million, according to Owler.
• SecureKey has an estimated 98 employees, per Owler.
• SecureKey's funding was an estimated $72 million, and included investors such as the Bank of Nova Scotia and BMO Bank of Montreal.

Cryptocurrency Management Industry Overview and Top Competitors

• According to ResearchAndMarkets.com in a market research report released on June 25, the cryptocurrency management industry is expected to grow at a CAGR of 23.8 percent from 2020-2025. The industry will reach $1.123 billion in 2025 from $386 million in 2020.
• Asia Pacific will once again be the region with the highest rate of growth. Growth in the Asia Pacific region will be driven by financial institutions, healthcare, retail and eCommerce, and travel and hospitality industries.
• Among the top-searched digital currency management companies are Bitwala, Ripple, IdentityMind, Elliptic, ShapeShift.io, and BitGo.

Central and Government Bank Digital Currencies and Initiatives Industry Overview and Top Competitors

• There is a surge in interest in cryptocurrency in governments around the world, including on behalf of the European Central Bank and Bank of England.
• The majority of 63 central banks surveyed in 2018 were engaged in research or proof-of-concept tests on developing cryptocurrencies. Similar results were found in 2019.
• Countries that are or have developed cryptocurrency include:
• Bahamas launched the Sand Dollar at the end of 2019.
• The Bank of France plans to start pilot testing a cryptocurrency in 2020.
• Turkey plans a pilot test of digital Lira by the end of 2020.

Summary of Early Findings in Relation to Goals