JUNIPER RESEARCH

Digital ID Verification Spending to Surpass $26 Billion Globally by 2029

Maya Rodriguez3 weeks ago3 weeks ago04 mins

Global spending on digital identity verification is expected to grow by 74% to over $26 billion by 2029, primarily due to advancements in behavioral biometrics and blockchain technology. These innovations enhance fraud detection and ensure better user control over data privacy. Regulatory changes in the EU will also shape market practices significantly. A recent study…

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Global Digital Identity Verification Spending to Reach $26B by 2029 According to Juniper

Sofia Martinelli3 months ago3 months ago05 mins

Juniper Research projects that global spending on digital identity verification will rise to $26 billion by 2029, a 74% increase. Key drivers include behavioral biometrics and regulatory changes such as eIDAS in the EU, which mandate interoperable digital identity systems. The report emphasizes the need for a multi-technology approach to create user-friendly, secure verification processes…

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