Active Digital Identity Apps to Surpass 4.1B by 2027

Hampshire, UK – 27th February 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 represents a growth of 82% over the next four years. 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. Find out more about the new research: Digital Identity: Solutions Assessment, Regional Analysis & Market Forecasts 2023-2027.

Verification Moves to Zero Trust

The research also identified a move away from reliance on passwords for identity verification, with these replaced by biometric verification and MFA (Multi-factor Authentication) under a zero-trust model, where identities are…