DIGITAL TRUST MARKET ANALYSIS

Digital Trust Market, By End-Use Industry (Finance and Banking, Healthcare, Government, and Others (Insurance, Retail etc.)), By Solution Type (Data Verification, Authentication, ID Authentication, Fraud Prevention, Compliance, and Others (Data Management, Encryption etc.)), By Deployment Model (On-Premises, Cloud-based, and Hybrid), By Organization Size (Large Enterprise, Midmarket, Small Business, and Others (non-profits, government)), By Digital Identity Type (Centralized Identity, Decentralized Identity, and Federated Identity), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

New product launches

In 2022, Oracle launched its Oracle Identity Cloud Service, a cloud-based IAM solution that helps organizations to manage their identities and access across their IT environment. The solution includes a number of new features such as single sign-on, password less authentication, and identity governance.
In 2022, Microsoft launched its Microsoft 365 Identity and Access, a cloud-based IAM solution that helps organizations to manage their identities and access across their IT environment. The solution includes a number of new features, such as multi-factor authentication, risk-based authentication, and identity governance.
In 2019, IBM launched its Cloud Pak for Security, a unified platform that helps organizations to manage their security posture across hybrid cloud environments. The platform includes a number of new features, such as Identity and Access Management (IAM), fraud prevention, and encryption.

Acquisition and partnerships

In May 2023, IBM acquired Polar Security, an innovator in technology that helps companies discover, continuously monitor, and secure cloud and software-as-a-service (SaaS) application data – and addresses the growing shadow data problem.
In 2021, GB Group plc acquired Acuant, a leading identity verification and KYC/AML compliance provider, for a cash-free, debt-free enterprise value of US$ 736 million. The acquisition of Acuant brings together two of the leaders in the global digital trust market with a combined revenue of US$ 265 million.