Digital ID Verification Spending to Soar 80% Through 2027: Juniper
The global spend on digital identity verification will approach $21 billion in 2027, up from $11.6 billion in 2022, reported Juniper Research Tuesday. The increasing prevalence of digital services requiring “digital onboarding journeys,” plus the growing requirement for more advanced…
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and robust identity verification systems amid rising fraud are the key factors that will drive the nearly 80% increase over the next five years, it said: “Digital identity verification is where identity is checked using digitally verifiable elements, such as selfie scans, address checks and knowledge-based authentication.”