The new Digital Identity research report presents an independent analysis of the future evolution of this highly dynamic market. It provides a comprehensive study of the growth of the digital identity market, resulting changes in how national IDs are issued, the way identity is authenticated and regulatory compliance around identity. The report positions 18 vendors via the Competitor Leaderboard; providing an invaluable resource for stakeholders seeking to understand the complex competitive landscape in the market. This report also presents a comprehensive market forecast; providing extensive insights and actionable data across the below areas, split by 8 key regions and 60 countries:
Number of Digital Identity Systems in Service, split by:
Key Takeaways & Strategic Recommendations: Key opportunities for digital identity vendors highlighted across the digital identity landscape; making for an important reading for key stakeholders, including identity providers, authentication providers and governments.
Benchmark Industry Forecasts: 5-year forecasts are provided for the number of apps and revenue from digital identity. This is split into civic identity, third-party apps, digital identity verification and smartphone biometric hardware. Civic digital identity is further split into civic identity apps and civic digital identity cards. This data is also split by 8 key forecast regions and 60 countries:
North America:
Number of Digital Identity Systems in Service, split by:
- Third-party Apps
- Civic
- Digital Identity Cards
- MSISDN ID
- Smartphone Biometric Hardware
- Third-party Apps
- Civic Identity Apps
- Digital Identity Cards
- MSISDN ID
- Digital Identity Verification
Key Statistics
- 2.3bn - Market size in 2023
- 4.1bn - Market size in 2027
- 82% - 2023 to 2027 market growth
- 2023-2027 - Forecast period
Key Features
Market, Regional & Segment Analysis: Provides a detailed analysis of the digital identity market, including key trends, an in-depth assessment of digital identity verification and a regional analysis that gives a country-level assessment of national digital identity systems and data protection regulation.Key Takeaways & Strategic Recommendations: Key opportunities for digital identity vendors highlighted across the digital identity landscape; making for an important reading for key stakeholders, including identity providers, authentication providers and governments.
Benchmark Industry Forecasts: 5-year forecasts are provided for the number of apps and revenue from digital identity. This is split into civic identity, third-party apps, digital identity verification and smartphone biometric hardware. Civic digital identity is further split into civic identity apps and civic digital identity cards. This data is also split by 8 key forecast regions and 60 countries:
North America:
- Canada, US
- Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay
- Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK
- Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine
- China, Hong Kong, Japan, South Korea
- Bangladesh, India, Nepal, Pakistan
- Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam
- Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates
- Alibaba Cloud
- Callsign
- Civic Technologies
- Entrust
- Evernym
- Experian
- GBG
- Giesecke + Devrient
- HYPR
- IBM
- IDEMIA
- InfoCert
- Jumio
- Mitek
- NEC
- Okta
- Signicat
- Thales
Research Deliverables
- Market Data & Forecasting Report - The numbers tell you what's happening, but our written report details why, alongside the methodologies.
- Interactive Forecast Excel - Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.
- harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.
- Market Trends & Strategies Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations.
- Competitor Leaderboard Report - Provides a visual representation of the competitive positioning of the leaders within the market.
Executive Summary
The number of digital identity apps in use will exceed 4.1 billion globally by 2027; rising from 2.3 billion in 2023. This represents a growth of 82% over the next four years. This increase will be driven by the use of government-backed digital identities to replace physical identity documents as a source of verification for third-party apps, such as banking and financial services. This will be critical, as businesses aim to reduce identity theft and meet increasingly stringent KYC (Know Your Customer) regulations.The market is moving away from reliance on passwords for identity verification, with this being replaced by biometric verification and MFA under a zero-trust model, where identities are authenticated continuously. This approach is more resistant to traditional hacking methods, such as phishing, reducing the risk of data breaches.
Zero trust will be delivered via SSO (Single Sign On), which allows the user to access multiple accounts via a central, secured system. Critical to SSO is the use of mobile subscriber identity, with the number of mobile devices using their mobile number for SSO being predicted to reach 2 billion in 2027, up from 922 million in 2023. Consumers are highly motivated by convenience, making a streamlining of user experience significant for attracting and retaining them. SSO can achieve this, whilst also appealing to security-conscious users.
The primary competition for dedicated digital identity apps will come from digital wallets, which offer payment functionality alongside a digital identity capability. For instance, in some US states, digital driver’s licences held within Apple Wallets are fully recognised. However, these digital wallets will struggle to monetise identity in the same way as they have payments, due to competition from government-run schemes limiting adoption.
Companies Mentioned
- Alibaba Cloud
- Callsign
- Civic Technologies
- Entrust
- Evernym
- Experian
- GBG
- Giesecke + Devrient
- HYPR
- IBM
- IDEMIA
- InfoCert
- Jumio
- Mitek
- NEC
- Okta
- Signicat
- Thales
