Digital Identity Verification: Key Opportunities, Vendor Strategies & Market Forecasts 2021-2026

• Sector Dynamics: Analysis of key trends and primary challenges across the digital ID verification space; including the following elements:
  • The impact of the pandemic and the need for identity verification services
  • Current industry standards and how these need to evolve
  • How each verification type is being used and their strengths/weaknesses
• Segment Assessment & Future Outlook: Specific assessment of how digital identity verification is going to fare across several different verticals, including banking and finance, government services and others, as well as a future outlook for the overall market.
• Juniper Research Leaderboard: 16 vendors positioned on the Juniper Research Leaderboard; accompanied by heatmap-based scoring and individual player analysis. Vendors covered include:
  • Callsign
  • Experian
  • G+D
  • IDology
  • Jumio
  • KYC-Chain
  • LexisNexis Risk Solutions
  • Microsoft
  • Onfido
  • Oxyliom Solutions
  • Ping Identity
  • SecureKey Technologies
  • Signicat
  • Socure
  • Thales
  • Trulioo
• Benchmark Industry Forecasts: Forecasts sizing markets up to 2026 for digital identity verification usage and spend on verification platforms, split by banking verification, eGovernment verification, eCommerce verification and other verification services, as well as by our 8 key regions and the 25 countries listed below:
  • Argentina
  • Australia
  • Brazil
  • Canada
  • China
  • Colombia
  • Denmark
  • France
  • Germany
  • India
  • Italy
  • Japan
  • Mexico
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Saudi Arabia
  • Singapore
  • South Africa
  • South Korea
  • Spain
  • Sweden
  • UK
  • US

1. What is the anticipated market size for digital identity verification over the next 5 years?
2. How will digital ID verification be used in different segments?
3. How does identity verification need to evolve to meet new challenges like synthetic identities?
4. Who are the key disruptors in this space, and what strategies are vendors employing?
5. How is the industry expected to develop over the next 5 years?

Included in Juniper Research Leaderboard: Callsign, Experian, Giesecke + Dervient, IDology, Jumio, KYC-Chain, LexisNexis Risk Solutions, Microsoft, Onfido, Oxyliom Solutions, Ping Identity, SecureKey Technologies, Signicat, Socure, Thales, Trulioo.
 
Mentioned: Accel, Accenture, Acuant, Alkemi Network, American Express, Apple, BCP (Banco de Crédito del Perú), Beam, Better Identity Coalition, Bitstamp, Brex, Bunq, C6 Group, Centana Growth Partners, Chime, Clarity Services, Companies House, Couchsurfing, Crédit Agricole, Credit Data Corporation, CreditInfo, CRIF, DIACC (Digital ID Authentication Council of Canada), Digital Identity Net, Digital Identity Strategy Board, DNB, Dow Jones, Dun & Bradstreet, DWP’s (Department for Work and Pensions), EnStream, Equifax, Facebook, FIDO Alliance, Financial Crime, Security and Data Working Group, Fitbit, FTC (Federal Trade Commission), Garmin, Gavi, the Vaccine Alliance, Google, GOV.UK, GSMA, HMRC (HM Revenue & Customs), ICAO (International Civil Aviation Organisation), ICTA (Information and Communication Technology Agency), ID Mission, iDenfy, Klarna, LG, LinkedIn, Lloyds Banking Group, McKinsey, Mitek, N26, Netcetera, NextGate, NIST (National Institute of Standards and Technology), NTWG (New Technologies Working Group), O2, Okta, Orange, Public, Rabobank, Radius Bank, RELX, Remitly, Revolut, Revolute, RHT Compliance Solutions, RIAG (Risk & Information Analytics Group), Samsung, Santander, Société Générale, SoFi, Stash, Swatch, TeleSign, the Rockefeller Foundation, Three, TransUnion, UK Digital Identity Strategy Board, UK Gambling Commission , UN (United Nations), Varo, VentureBeat, Vodafone, Western Union, WireWheel, World Bank, Yoti.
 

Juniper Research’s Digital Identity Verification forecast suite includes:

• Forecast splits for 8 key regions, as well as 25 country-level data splits for:
  • Argentina
  • Australia
  • Brazil
  • Canada
  • China
  • Colombia
  • Denmark
  • France
  • Germany
  • India
  • Italy
  • Japan
  • Mexico
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Saudi Arabia
  • Singapore
  • South Africa
  • South Korea
  • Spain
  • Sweden
  • UK
  • US
• Forecasts include digital identity verification usage and spend on verification platforms, split by banking verification, eGovernment verification, eCommerce verification and other verification services.
• Interactive Scenario Tool allowing users to manipulate Juniper Research’s data for 8 different metrics.
• Access to the full set of forecast data of 66 tables and more than 15,800 datapoints.

Juniper Research’s highly granular IFxls (interactive Excels) enable clients to manipulate our forecast data and charts to test their own assumptions, by using the Interactive Scenario Tool, and compare select markets side by side in customised charts and tables. IFxls greatly increase the clients’ ability to both understand a particular market and to integrate their own views into the model.