Digital Identity Verification

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

Juniper Research’s new Digital Identity Verification research offers in-depth analysis of the specific opportunities present for vendors in the ID verification market. The report assesses the success of digital identity verification platforms to date in securing digital access and activities.  Providing a future outlook for the evolution and adoption of these platforms, the study is supported by extensive analysis of regulatory frameworks, standards and different verification types. It also analyses 16 leading identity verification vendors via a Juniper Research Leaderboard.

The research also provides industry benchmark forecasts for the market; covering 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 25 countries.

This research suite comprises:
  • Strategy & Forecasts (PDF)
  • 5-year Deep Dive Data & Forecasting (PDF/IFxl)
  • 12 months' access to harvest online data platform

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Key Features

  • Digital Identity Verification Sector Dynamics: Analysis of key trends and primary challenges across the digital identity 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
  • Digital Identity Verification 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 Digital Identity Verification Leaderboard: 16 digital identity verification 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

Key Questions

  1. What is the anticipated market size for digital identity verification over the next 5 years?
  2. How will digital identity 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?

Companies Referenced

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.
 

Data & Interactive Forecast

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.
 

Digital Identity Verification Reports

Date
Price

Full Research Suite

Digital Identity Verification full research suite comprises:

  • Digital Identity Verification PDF report
  • Interactive Forecast IFXL spreadsheet
  • 12 months' access to Digital Identity Verification data updates in harvest - find out more

Click here for more information and purchase options

Jun 2021

$3928

€3320

£2990

PDF & Excel

Digital Identity Verification full research suite comprises:

  • Digital Identity Verification PDF report
  • Interactive Forecast IFXL spreadsheet

Click here for more information and purchase options

Jun 2021

$2956

€2498

£2250

Research Details

Publisher:
Juniper Research
Published:
21/06/2021
Author(s):
Vladimir Surovkin, 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, Colombia, Denmark, France, Germany, India, Italy, Japan, South Korea, Mexico, Netherlands, Norway, Poland, Saudi Arabia, Singapore, South Africa, Spain, Sweden, UK, USA