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

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).

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.