The Adoption of Digital Identity Solutions has been significantly influenced by the establishment of digital identity acts in Netherlands
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DigiD, which stands for Digital Identification, is an online identification that enables users to access many Dutch government websites and services. It resembles a digital copy of your driver’s license or passport. The House of Representatives approved the Digital Government Act (Wet Digitale Overheid). The act addresses the increasing digitization of the Dutch public sector. The act includes guidelines and procedures to guarantee that users may safely and dependably use government and semi-government websites. It encourages the use of open standards as well. People can use their official electronic identification (eID) as a digital passport in the private sector, another significant feature of the Digital Government Act. The much-anticipated adoption of the Digital Government Act is a significant turning point that will propel the market expansion of digital identity systems for encryption, authorization, fine-grained authorization, and authentication in the Netherlands.
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Such government efforts are driving the digital identity solutions market in the Netherlands, and various organizations are focusing on the country to take advantage of this market expansion. Jumio assists Dutch organizations in adhering to KYC and AML regulations issued by the Netherlands Authority for Financial Markets (Autoriteit Financiële Markten, or AFM) and the Holland Central Bank (De Nederlandsche Bank, or DNB) and definitively establishes the digital identity of their customers. Similarly, Dutch companies Onegini and iWelcome have merged to become OneWelcome, which presently serves over 100 business clients around Europe with digital identity services. The merging parties described the new organization as the most prominent European provider of software-as-a-service (SaaS) solutions for customer identification and access management (CIAM).
KEY MARKET PLAYERS
The Digital Identity Solutions market is led by some of the globally established players, such as NEC (Japan), Samsung SDS (South Korea), Thales (Thales), GBG (UK), Tessi (France), Daon (US), ForgeRock (US), Imageware (US). Partnerships, agreements, collaborations, acquisitions, and product developments are some of the various growth strategies by these players to increase their market presence.
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