Digital Identity Market Poised for Significant Growth

It won’t come as a surprise to readers of ID & Secure Document News™ that the global digital identity market is entering a phase of accelerated growth, with spending projected to increase from $15.2 billion in 2024 to over $26 billion by 2029, according to Juniper Research ¹.

This growth is underpinned by rising demand for secure and user-friendly online identity verification, particularly in sectors such as finance, healthcare, travel and eGovernment. Regulatory initiatives like the EU’s eIDAS 2.0 framework, due to be implemented by 2026, are also playing a key role by mandating interoperable digital identity wallets across member states.