FB pixel

Mobile digital IDs forecast to triple to 1B by 2027

Mobile digital IDs forecast to triple to 1B by 2027
 

The global number of digital identities held on mobile devices may reach 1.02 billion by 2027, more than triple the 322 million recorded in 2021.

The data comes from ABI Research, which published its Mobile Identities and Derived Credentials market data report at the end of August and is now sharing an extract from it with the public.

“The COVID-19 pandemic set the acceleration of mobile identity technology’s adoption in motion,” explains Lucas Stewart, citizen digital identity analyst at ABI Research. “By solving pain points relating to physical contact in identity applications, the potential implementation of mobile IDs was brought more so to the conversation while also aligning with the trends of growing digitalization strategies from governments.”

According to Stewart, this trend is highlighted by the European Commission’s recent efforts, which aim to further digitalize identities under the eIDAS revision by 2023.

“This marks a significant leap in mobile identities, where potential programs like the coming European Digital Identity Wallet may inspire and emerge, seeing substantial market growth,” Stewart adds.

Mobile identities are also expected to have an increasing role in citizens’ lives in the near future.

“While mobile IDs have been around for a significant amount of time, recent developments in technology and regulation, including the growing trend of the digital wallet form, are set to see the market increase,” says Stewart.

“Looking at this technology applied to the context of digital payment, we can see the successes and how user experience is enhanced by a digital wallet.”

Further, the digital ID expert suggests that billions of identities worldwide still do not have a digital or mobile counterpart.

“Although mobile identity penetration rates remain very low, implementation is feasible in many countries and regions in a narrow timeframe,” according to Stewart. “With the prominence of digital transformation across many areas and industries, digital ID only bears more relevance, and mobile forms of identity will only gain further traction with time.”

The ABI Research report comes days after Onfido published a new survey suggesting increasing adoption of digital IDs across different industries.

Article Topics

 |   |   |   |   | 

Latest Biometrics News

 

Biometrics, electronic devices and identity credentials converging

Biometrics in electronic devices and ID documents to support digital identity are a major theme of the week’s top stories…

 

SITA wraps up acquisition of Materna IPS

SITA reports it has completed all necessary regulatory and legal procedures and finalized its acquisition of Materna IPS, a provider…

 

Payface lands new retail biometric payments deal in Brazil

Brazilian face biometrics payments startup Payface has clinched a deal with supermarket chain Ítalo. Ítalo Supermercados, based in the southern…

 

EU to fund digital programs with €108m, including digital identity

The European Union has issued a new call for funding within the Digital Europe Programme (DIGITAL), allocating over 108 million…

 

Lawmakers try again to kill diversion of TSA screening tech funds

Because of Washington partisan politics, the U.S. Transportation Security Administration (TSA) doesn’t expect to be able to field upgraded and…

 

Florida tosses mDL program into the Gulf

Florida’s mobile driver’s license has been shut down, making the state a rare case in the world of a place…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events