Mobile Identification Solution Market
Industry: Semiconductor Electronics
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32359
Mobile Identification System is one of the leading system which initiates an easy and trusted digital journey for users. It has become widely popular in the private and public sectors where users can identify themselves securely in any device (a laptop, a tablet, a smart TV, any device equipped with biometric sensors) connected to the internet. Mobile Identification solution is increasingly used as the intelligent verification service as it can create virtual versions of documents like Driver Licenses, Passports and National IDs etc.
Mobile ID provides the missing link between security and convenience in enterprises and enhances the customer experiences and security for their online identities and privacy. Mobile Identification Solutions can help Governments for reducing administration costs and time frame. It also boosts the promotion of online and mobile sales channels in Banks. Web merchants are increasingly adapting to Mobile ID Solutions for more authentication and fraud prevention.
As of now, Mobile Identification Services are already live in more than 20 countries.
One of the major trend in Mobile Identification Solutions is integration of Bio metrics in smartphones. With the increasing use of banking and other financial applications on mobile phones has intensified the need for Mobile Identification Solutions. Furthermore, rising identities and authentication frauds worldwide drive the growth of the Mobile ID services. Being highly capable of providing high level of accuracy, upgraded security, lower operational costs and better end to end customer experience, Mobile Identification System is widely getting preferred among the key end-use industries such as government, healthcare, banking, travel and hospitality and retail & e-commerce for an increase in the integration of Machine Learning (ML) and Artificial Intelligence (AI).
With the increase in Digitization, numerous countries have already invested in Electronic National ID cards. The growing need for the intelligent identity verification service drives the Mobile Identification Solutions Market.
Large Enterprises have a huge manpower and associated networking devices, which fall for identity-related risks and more number of online transactions. This is one of the major factor which contributes to the growth of global Mobile Identity Solutions market.
Furthermore, factors such as the increasing integration of bio metrics and growing popularity of mobile applications in smartphones and numerous industries like Banking, Government Sector, Health Care, Travel & Hospitality and Retail and E-commerce are expected to fuel the new growth opportunities.
However, the Mobile ID system is also impacted significantly when the common criticism of Electronics Identity schemes include-
Based on authentication, the Mobile Identification Solutions market has been segmented as
Based on component, the Mobile Identification Solutions market has been segmented as
Based on deployment, the Mobile Identification Solutions market has been segmented as
Based on application, the Mobile Identification Solutions market has been segmented as
Based on region, the Mobile Identification Solutions market has been segmented as
Key players such as
are actively involved in offering Mobile Identification Solutions for different applications.
The companies involved in the services of Mobile IDs are carrying out different expansion strategies for increasing their market share in the global Mobile Identification Solutions market.
As internet activity grows exponentially, people are experiencing painful digital journeys, dealing with multiple usernames and passwords, with no trust in the security of their online identities and privacy. Consumers today expect the “anywhere, anytime” convenience of using mobile devices for everything from shopping to paying bills and opening new accounts. And with consumer preference for frictionless experiences, businesses are taking note of fraud detection and identity verification in a different light, taking into consideration ways to protect consumer data while also delivering a positive customer experience.
Governments are seeking to protect citizens online, boost economic growth and achieve greater efficiency. Many national mobile ID initiatives are underway, notably including Estonia, Norway, Belgium, Qatar, Oman, Netherland, Iceland, Finland, Moldova etc. Many of these initiative are government-driven or government-supported to serve the entire economy by providing a single trusted digital identity to protect both public and private online services. The growing population and rise in identities in any country are driving the demand for Mobile Identification Solutions market.
Finland was the world’s first country to introduce Electronic Identity Card (Finnish eID card) in 1999. Finland has been one of the pioneers in the use of mobile ID too. Today, many services including Finland’s e-government rely on Mobile-ID based strong authentication as an alternative to bank ID or eID card authentication. The main idea with the portals providing additional payment function and the authentication element is that, every e-government service is made available to the general public.
Digitization in country has led to more authentication and fraud prevention. Today’s Mobile ID service is the result of a Finnish consortium made up of government and public services authorities, mobile operators and the Finnish Federation for Communications and Teleinformatics, which came together to develop the terms for such a new authentication and authorization service in order to better serve the diverse needs of businesses and provide secure authentication for eGovernment.
Mobile ID is currently offered as a free service to individuals, while third party service providers are charged for the service on a per-transaction basis, with prices stratified based on the frequency, volume and value of the transactions being made. Mobile operators compete based on service provider partnerships and pricing packages. Thus, the booming identification solutions and demand for an easy and trusted digital journey contributes towards an increased market share of Mobile-ID in the Finland and other countries.
Estonia is widely recognised as having one of the world’s most advanced governments, with much written on the subject by the World Bank, Forbes, the financial times and more. Two steps were taken that facilitated and led to the rise of digital identity in Estonia; first, a personal identification number known as the “Isikukood” was assigned to every citizen and resident of Estonia, and second, 10-year passport were issued.
In Estonia, each individual has their unique identifier, their “Isikukood” that is used in all transactions- both in the real world and digital one, and so in Estonia, the “digital identity” coincides well with the real world “Identity”. Mobile-ID is a remarkable step in development of Estonia as innovative country. In the world, Estonia is at the frontline with this service.
Consumers in Estonia are increasingly demanding services which can be directly accessible via their mobile device. As a result, there has been an explosion in the number of businesses rushing to meet this demand by directing more and more of their services through channel. Initiatives and investments deployed by Estonia are also propelling the adoption of Mobile-ID, thus driving the Mobile Identification Solutions market.
COVID-19 has had an impact on all aspects of life globally, and identity management is no exception. By far, this is the most visible impact of the pandemic on the progress of identity systems. While the delay is worrisome, the consensus is that this is a temporary speed bump and that the onboarding of the population will ramp up after the identity authorities have had the opportunity to adapt to the new normal.
COVID demonstrated the need to reform government systems and population management tools urgently. We believe COVID is the event that will force those authorities who were skeptical about the necessity of digital transformation, to develop the political will to accelerate their adoption of totally digital governance. This will be demanded by their populations that may resort to taking things into their own hands, should their governments appear to be capable or willing to provide them with the tools to restart their lives.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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