Digital identity verification spend to reach $16.7 billion in 2026

Spending on digital identity verification by businesses will reach $16.7 billion in 2026, from $9.4 billion in 2021, Juniper Research finds. Digital identity verification is where identity is checked using digitally verifiable elements, such as selfie scans, address checks and knowledge-based authentication. This 77% growth will be fuelled by the rapidly growing need to digitally onboard users, which has accelerated during the pandemic. The research identified that, while the pandemic accelerated digital transformation, many industries … More

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