Users of digital identity paperwork are set to develop from 4.2 billion to greater than 6.5 billion by 2026, in accordance with Juniper Research.
In a whitepaper on the topic Juniper Research defines digital identity as, “A digital representation of an entity, which can be one or more individual pieces of identifying data, an event, or a signal such as an assurance indicator and similar, yet to be determined items defined by the industry.”
The enlargement in use of digital identity paperwork has been accelerated by the uptick in digital identity use in authorities companies, the authors reveal, as developments surge in eGovernment.
According to the report, “The pandemic did not only boost the already existing needs underlying digital identity use, but also helped spread them into different and previously non imminent areas such as healthcare. Testing the governments’ preparedness to provide access to public services, solutions from vaccine passports to stimulus payments needed to be developed and deployed quickly and securely.”
In order to make sure an inclusive digital transformation to eGovernment, the authors advise governments to accomplice with digital identity distributors which have various identity datasets.
The analysis home initiatives that income for digital identity distributors is about double by 2026, exceeding $53 billion globally, up from $26 billion in 2021.
“Digital identity income contains third-party and civic identity apps, centralised identity schemes, and digital identity verification. In addition, the elevated demand for digital onboarding frameworks within the face of the continued pandemic will speed up the uptake of digital identity companies,” the authors write.
Despite privacy controversies around identity cards in some countries, co-author Damla Sat explains that with good governance they are a useful and well-established tool.
“Identity cards have been controversial in some countries due to privacy concerns, but they are a well-established mechanism for digitising identity practices. If third-party access is governed correctly, identity cards can be at the centre of the digital identity market, but they need to be backed by robust processes,” she mentioned.