Juniper Research: Active Digital Identity Apps to Surpass 4.1 Billion by 2027, as Third-party Platforms Look to Leverage Civic Identity Systems
A new study from Juniper Research has found that the number of digital identity apps in use will exceed 4.1 billion globally by 2027; rising from 2.3 billion in 2023.
- A new study from Juniper Research has found that the number of digital identity apps in use will exceed 4.1 billion globally by 2027; rising from 2.3 billion in 2023.
- 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.
- 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.