TECH SUPPLIER Nov 2020 - Market Forecast - Doc # EUR145782320

European Identity and Digital Trust Forecast, 2020-2024

By: Mark ChildResearch Manager, European Security


This IDC report details the developments on the European market for identity and digital trust software. The market analysis compares trends for Western Europe (WE) and Central and Eastern Europe (CEE) and on-premises and cloud-deployed solutions, as well as looking at the development of individual submarkets within the IDT market. The report examines market size for 2019 and the projected growth from 2020 through to 2024.

"The COVID-19 pandemic has had a mixed influence on the European IDT market. On the one hand, the mass shift to remote working and the accelerated migration to the cloud is driving a need for identity and access controls that can manage hybrid environments. At the same time, tighter IT budgets and stretched operational resources dissuade organizations from embarking on more extensive and demanding projects –— a category that IDT initiatives often fall into. Nevertheless, looking ahead, identity will be a cornerstone of the digital era, and the market should see robust growth through and beyond the pandemic." — European Security Research Manager Mark Child, IDC EMEA



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