ID’ing Digital ID’s Potential For Consumers (And Beyond)

Digital ID’s Potential For Consumers

The battle for proper identity verification is an ongoing – and perhaps eternal – one. Knowing who’s on the other side of a transaction – and being certain that they are who they say they are – is critical, especially for merchants.  In the latest Digital Identity Tracker, stats show just how broad-ranging the solutions are, and how the markets are evolving (though some older ways of verification still remain entrenched).

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Data:

    45%: Consumers who prefer passwords, despite the security risks.

    1.1 billion: Estimated number of individuals worldwide without basic ID credentials.

    $12.8B: Estimated value of the ID verification market in 2025.

    $59B: Estimated value of the biometrics market by 2025.

    91.1%: Share of eCommerce consumers required to provide email addresses when creating online accounts.