Digital ID verification market to hit $18.2B by 2027

The global market for digital identity verification is projected to surpass $18.2 billion by 2027, driven by a major industry shift toward reusable digital identities, according to a new report from Biometric Update and Goode Intelligence.

The "2025 Digital Identity Verification Market Report & Buyers Guide" indicates that this expansion is occurring as IDV moves beyond heavily regulated sectors with traditional Know Your Customer requirements into new online services.

Chris Burt, Managing Editor of Biometric Update, notes that this shift is happening as "government services are moving online and regulators are demanding identity verification in an expanding set of use cases." The 50-page report provides a comprehensive analysis of the competitive landscape, key technologies, and applicable technical standards, along with a detailed buyer's guide to assist businesses in selecting appropriate verification partners.

Alan Goode, CEO of Goode Intelligence, emphasized that digital IDV is critical for establishing trust "in a world of increasing risks and AI driven fraud attacks," while also highlighting the transformative impact of government-issued digital IDs, digital wallets, and biometric authentication.