Security News > 2022 > February > Digital identity revenue to exceed $53B in 2026

A study from Juniper Research has found that revenue for digital identity vendors will exceed $53 billion globally in 2026, doubling from $26 billion in 2021.

Digital identity revenue includes third-party and civic identity apps, centralised identity schemes, and digital identity verification.

The research predicts that the increased demand for digital onboarding frameworks in the face of the ongoing pandemic will accelerate the uptake of digital identity services.

This represents the next evolutionary step for digital identity; moving from establishing infrastructure to utilising and verifying identity in practical applications.

Research co-author Damla Sat explained: "Digital identity verification tools have become more critical across a broader range of industries than ever, from banking and financial services to eGovernment, healthcare and others. Developing effective user experiences for different verification scenarios will be important for realising digital identity's potential."

The research found that the US is significantly lagging behind in digital identity terms; accounting for only 7% of global digital identity revenue in 2026.

News URL

https://www.helpnetsecurity.com/2022/02/11/digital-identity-revenue-2026/