Researcher Goode Intelligence has just released two significant reports summarising its views on the positive future for key aspects of the Digital Identity ecosystem.
Specifically, it believes that electronic identity and document verification (eIDV) and Digital Identity will be a $27.38 billion market opportunity inside four years (by 2024).
For Goode Intelligence Founder and CEO Alan Goode, the reasons are clear:
“The need to enhance customer experience coupled with the ability to onboard new customers to services through remote digital channels, web and mobile, is a pressing requirement for many organisations seeking to reduce their physical footprint and support digital transformation projects.
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Digital Identity: Global Roundup
“Digital identity and document verification services aim to support digital onboarding and meet the latest Anti-Money Laundering (AML), Know Your Customer (KYC) and Customer Due Diligence (CDD) regulation.
“This is an exciting time, with plenty of opportunity for the industry.”
Sources and the reasons for its positivity can be found in its twin studies Digital Identity & Document Verification Market & Technology Analysis & Forecasts 2019-2024 and The Digital Identity Report – The Global Opportunities for Verified Citizen & Consumer Digital ID: Market & Technology Analysis and Forecasts 2020-2025.
