Report Overview

Juniper Research’s latest Digital Identity research provides an exhaustive guide to this rapidly changing and highly complex landscape.

The research provides insights into the development of the market across different regulatory regimes, technologies and use cases, as well as 5-year forecasts for the following key sectors:

  • Third-party Apps
  • Civic Digital Identity
  • Mobile Biometric Technologies
  • Digital Identity Verification

The report outlines the current state of the ecosystem, and how this is evolving over time, including the growth of identity networks. It also provides a comprehensive guide on the complex national and international regulatory landscape for digital identity; accompanied by a future outlook.

Readers will also be provided with valuable insights into vendors’ strategies and a fine-grained analysis of the current competitive landscape, supported by interviews with key vendors in the field.

This research suite comprises:

  • Strategy & Trends (PDF)
  • Competitive Landscape (PDF)
  • Data & Forecasts (PDF & Excel)
  • 12 months' access to harvest online data platform
Key Market Statistics
Market Size in 2022: $30.5bn
Market Size in 2026: $53.2bn
2022 to 2026 Market Growth: 74.3%

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Key Features

  • Sector Dynamics: A detailed analysis of the current status of digital identity and how this is going to change over time, including aspects such as:
    • Different identity models (including centralised, federated and decentralised) and which options will succeed.
    • Technologies being leveraged within identity and how these technologies are best utilised.
    • How the pandemic has catalysed digital identity verification.
    • How orchestration is becoming increasingly important.
  • Regulatory Analysis: In-depth discussion on how legislation and cultural factors are impacting digital identity solution deployment across over 27 country markets.
  • Benchmark Industry Forecasts: Market forecasts covering digital identity prospects across a number of areas:
  • User Base
  • Civic App User Base
  • Card User Base
  • Mobile Identity User Base
    • Mobile Identity Revenue
    • Mobile Biometrics User Base
    • Verification Usage
    • Verification Revenue
    • Market Revenue
  • Data is split by our 8 key regions and 27 countries, including:
    • Argentina
    • Australia
    • Brazil
    • Canada
    • China
    • Colombia
    • Denmark
    • France
    • Germany
    • India
    • Italy
    • Japan
    • Mexico
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • Russia
    • Saudi Arabia
    • Singapore
    • South Africa
    • South Korea
    • Spain
    • Sweden
    • Turkey
    • UK
    • US
  • Interviews with leading players across the digital identity value chain, including:
    • Entrust
    • Evernym
    • Experian
    • GBG
    • IDEMIA
    • Mitek
  • Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 15 digital identity vendors, together with our Competitor Leaderboard:
    • Callsign
    • Civic Technologies
    • Entrust
    • Evernym
    • Experian
    • G+D
    • GBG
    • HYPR
    • IBM
    • IDEMIA
    • Jumio
    • Mitek
    • Okta
    • Signicat
    • Thales

Key Questions Answered

  1. What forms of digital identity will consumers use in the future?
  2. How successful will decentralised identity platforms be?
  3. What effect will regulations have on the digital identity market?
  4. What will the value be of the market in 2026?
  5. What are the leading companies’ strategies for developing digital identity?

Companies Referenced

Interviewed: Entrust, Evernym, Experian, GBG, IDEMIA, Mitek.
 
Case Studied: GBG, Experian.
 
Included in Juniper Research Competitor Leaderboard: Callsign, Civic Technologies, Entrust, Evernym, Experian, Giesecke+Devrient, GBG, HYPR, IBM, IDEMIA, Jumio, Mitek, Okta, Signicat, Thales.
 
Mentioned: Accel, Accenture, Acuant, AFS (Arvato Financial Solutions), Airbnb, AllClear ID, Allianz, Altimeter Capital, Amazon Web Services, Anna, Antel, Antelop Solutions, Atlassian, Avoka, Bank of Ghana, Barclaycard, Beam, betfair, BioCatch, Black Fire Innovation, Blockchain Capital, BNP Paribas, Bonifii, Breed Reply, BrScan, Bundesdruckerei, Caixa Bank, Centana Growth Partners, Cisco, Cognisa Capital, Cognizant, Convego, Credly, CULedger, CVS Health, CyberArk, Danish National Police , Daon, Deloitte, Deutsche Telekom, Digidentity, Dokobit, easyJet, eID, Ekata, Emailage, Encap Security, Equifax, FedEx, Feedzai, Fidelity, Filia , Genesis One Capital, Genetec Inc, Google, Great Hill Partners, Groupon, Hitachi, HSBC, IDNow, IDR&D, illion, Infraclear, Innovalor, Intel, Java, JP Morgan, Khosla Ventures, KPGM, Lego, Lexis Nexis, Liquidnet, Lloyds Banking Group, Mastercard, Microsoft, Monzo, Moodys, MyCelia, NASDAQ, National Civil Registry, National Geographic, Nationwide, NavInfo, NetLynch, NHSX, Novartis, OneSpan, Onfido, Orange, Oxfam, Paper Verify, Peloton, Plug and Play Tech Center, Proofpoint, PTB Ventures, pwc, Qualcomm Ventures, Rabobank, Rakuten, Refinitiv, SailPoint, Salesforce, Samsung, Santander, SAP, Sequoia Capital, ServiceNow, SHODEN, Sirius, Solana Blockchain, Sopra Steria, Sovrin Network, Square, Standard Chartered, StarSign, Stripe, T Mobile, Takeda Pharmaceuticals, Tapad, TechJutsu, Telenor, Temenos, Transunion, Trulioo, Truu, UK Home Office, Unisys, Veridos, VHI Healthcare, Visa, VMware, Volkswagen, Volvo, WEF’s (World Economic Forum) Global Innovators Community, WeWork, wmware,, Workday, WorldReach.
 

Data & Interactive Forecast

Juniper Research’s Digital Identity forecast suite includes:

  • Forecast segment splits by:
    • Third-party Apps
    • Civic
    • Mobile Biometric Technologies
    • Digital Identity Verification
    • Revenue
  • Interactive Scenario Tool allowing users to manipulate Juniper Research’s data for 8 different metrics.
  • Access to the full set of forecast data of more than 45 tables and over 11,600 datapoints.

Geographical splits: 27 countries

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.

Forecast Summary

  • 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. In addition, the increased demand for digital onboarding frameworks in the face of the ongoing pandemic will accelerate the uptake of digital identity services.
  • Verified digital identity, where identities are confirmed as genuine using verifiable credentials, as being vital for improving fraud mitigation. This represents the next evolutionary step for digital identity; moving from establishing infrastructure to utilising and verifying identity in practical applications. To facilitate this, we predict increasing data partnerships between vendors to provide comprehensive, data-diverse identity systems.
  • Verification spend will exceed $16 billion in 2026, from $9 billion in 2021. This growth reflects that, as users migrate to digital channels, the need to verify identity digitally also grows. As fraudsters exploit opportunities, verification capabilities will proliferate to wider industries and use cases than ever before.
  • The US is significantly lagging behind in digital identity terms; accounting for only 7% of global digital identity revenue in 2026. The US’ lack of national identity schemes and coordinated strategies is a major limiting factor. There is, however, the potential for decentralised identity in the US, and vendors should focus on private initiatives to realise identity’s potential in this market.

Digital Identity Full Research Suite

Date
Price

Full Research Suite

  • Competitor leaderboard report (pdf)
  • Market trends & strategies report (pdf)
  • Market data, forecasts and analysis report (pdf)
  • Market data, forecasts and interactivity (xls)
  • Quarterly updates to market data & forecasts (pdf, xls)
  • harvest market data platform (12 months’ online access)  - find out more

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Quarterly Updates

Latest market data forecasts and impact analysis. Delivered as PDF and interactive Excel

Research FAQs

Why is digital identity important?
How big is the digital identity market?
What is the digital identity market growth?

Research Details

Publisher:
Juniper Research
Published:
31/01/2022
Author(s):
Damla Sat, Nick Maynard
Category:
Fintech & Payments
Regions:
8 Key Regions - includes North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific and Africa & Middle East
Countries:
Argentina, Australia, Brazil, Canada, China, Colombia, Denmark, France, Germany, India, Italy, Japan, South Korea, Mexico, Netherlands, Norway, Poland, Portugal, Russian Federation, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Turkey, UK, USA