AP NEWS
ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Juniper Research: Digital Identity Apps in Use to Exceed 6.2 Billion By 2025, as Civic Apps Drive Adoption

October 26, 2020 GMT

BASINGSTOKE, England--(BUSINESS WIRE)--Oct 26, 2020--

A new study from Juniper Research has found that the number of digital identity apps in use will exceed 6.2 billion in 2025, from just over 1 billion in 2020. The research found that civic identity apps, where government-issued identities are held in an app, will account for almost 90% of digital identity apps installed globally in 2025; driven by the increasing use of civic identity in emerging markets and the lasting impact of the pandemic.

ADVERTISEMENT

The report identified that the unprecedented shift to digital services during the pandemic across the world will stimulate rapid growth in civic identity; growing by 467% between 2020 and 2025, as robust onboarding and verification for digital services becomes vital.

For more insights, download the free whitepaper: Why Digital Identity Is Critical to Post-Pandemic Society

Civic Apps to Overtake Digital Identity Card Use in 2023

The new research, Digital Identity: Technology Evolution, Regulatory Landscape & Forecasts 2020-2025, found that civic identity apps will overtake the number of digital identity cards in use in 2023, with the number of apps in use 41% higher than cards by 2025. While digital identity cards are still growing, the research shows that apps are much easier to scale, and better support increased involvement in digital commerce, which will be critical to digital identity’s future use.

ADVERTISEMENT

Research co-author Nick Maynard explains: ‘Civic identity apps have come into their own as a way to boost digital financial participation, particularly in emerging economies. Post-pandemic, this capability will be crucial in enabling increased digital engagement.’

Blockchain Important to Securing Identity Networks

The research found that blockchain will be important to the future of digital identity, with blockchain-based third-party digital identity apps accounting for 16% of all installed third-party identity apps in 2025. However, this is not necessarily the much-lauded self-sovereign model, where numerous parties such as banks, identity providers and mobile network operators work together to provide identity as a part of a wider network. Blockchain will be an effective way to secure federated access to data; injecting trust and transparency.

Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201026005048/en/

CONTACT: Sam Smith, Press Relations

T: +44(0)1256 830002

E:sam.smith@juniperresearch.com

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT SECURITY TECHNOLOGY MOBILE/WIRELESS SOFTWARE FINANCE

SOURCE: Juniper Research

Copyright Business Wire 2020.

PUB: 10/26/2020 03:00 AM/DISC: 10/26/2020 03:01 AM

http://www.businesswire.com/news/home/20201026005048/en