Digital ID Platforms Will Be Used by 5 Billion People in 2024

Digital ID Platforms Will Be Used by 5 Billion People in 2024

Foto: Fotolia

A new report from Juniper Research found that the number of people using government-issued digital identity credentials will grow by over 150% from an expected 1.7 billion in 2019 to over 5 billion in 2024. Emerging economies in Asia and Africa are some of the biggest markets, as countries leapfrog analogue identities to benefit from the efficiencies digital registration and management bring.

The report shows that those countries unencumbered by legacy systems are following Estonia’s lead of rapid digital identity development. For example, Juniper expects almost 12 million people in Malawi to have digital identities in 2022, with Nigeria and other countries supplying digital identity to over 420 million people on the continent on both cards and apps.

Governments typically provided such cards, which many people in more developed countries have previously rejected. Juniper Research anticipates that markets across Europe and North America will be led by the financial services sector and digital driving licences, rather than formal government identification.

Juniper believes mobile single sign-ons will be a large part of several digital identity platforms, with over 1 billion users by 2023; generating over $5 billion in revenues that year. Blockchain and the self-sovereign identity movement are part of this future, but will be a small piece of the puzzle, despite average yearly growth of 35%; less than 10% of dedicated identity apps are expected to be blockchain-based by 2023.

“We expect strong growth in blockchain-based digital identity solutions over the next five years,” remarked research author James Moar. “However, with simpler apps being quick to develop and almost indistinguishable from a user perspective, companies and operators will need to be the ones to drive the use of self-sovereign identity forward.”

More from category

Digital Wallet Spending Will Increase 40 Percent in 2019

Digital Wallet Spending Will Increase 40 Percent in 2019

23 Aug 2019 comment

Consumer spend via digital wallets across Europe and North America will increase by 40% this year to nearly $790 billion, according to a new study from Juniper Research.

Parents Are No Longer Needed for Homework Help Thanks to Smart Devices

Parents Are No Longer Needed for Homework Help Thanks to Smart Devices

23 Aug 2019 comment

New research by Lenovo shows how education around the world has been positively transformed thanks to smarter technology, creating a generation of independent learners and problem solvers.

Organizations Will Double the Number of AI Projects Within the Next Year

Organizations Will Double the Number of AI Projects Within the Next Year

22 Aug 2019 comment

Organizations that are working with AI or machine learning (ML) have, on average, four AI/ML projects in place, according to a recent survey by Gartner.