London, United Kingdom – 24 June 2025 – Goode Intelligence’s (www.goodeintelligence.com) latest research, Identity Verification; Market and Technology Analysis, Adoption Strategies and Forecasts 2025-2030– 3rd Edition, reveals that reusable digital identity verification will supersede traditional identity verification within the six-year forecast period.
This is a rapidly changing market that is in the process of transitioning away from the reliance on physical government-issued identity documents (passports, driver’s licenses, and national identity cards) to verify people’s identity in digital scenarios. Replacing traditional identity verification methods that typically involve scanning in, and authenticating, a physical identity document, capturing, and verifying, a face biometric, and then corroborating data collected along with any additional identity data from third-party sources. The market is transitioning to the use of reusable digital identity verification.
Based on its research and through exclusive interviews with leading experts and stakeholders in the identity verification industry, Goode Intelligence forecasts when ‘peak’ traditional IDV will happen.
This 272-page report from the market leaders in digital trust research and analysis explores this transition and explores how the new identity verification models look and operate.
Alan Goode, founder and CEO of Goode Intelligence and author of the report, said “greater availability of government-issued digital identity is the catalyst for the growth of reusable digital identity verification and will lead to a revenue opportunity of over $11.4 billion by 2030 (combined revenue of $20bn+)”.
“There is also significant revenue opportunity for a wide range of connected services and technology. These technology building blocks are identified in the report and are pivotal to the development and operation of identity verification. They include Orchestration Services, PKI, Risk Management, Fraud and Privacy Management, Authentication, and Digital Trust Services. In addition to the forecast revenue opportunity figure of over $20 billion we expect a further $15-20 billion in revenue from these connected technology building blocks that are crucial to delivering identity verification services.
“There are many ways to identify a person and there are different models around the world that are based on both decentralized and centralized digital identity systems. There is no one method to rule them all.”
“It is critical for traditional IDV suppliers to transition to newer models of identity verification that leverage digital identity. If you haven’t got a strategy to achieve this, you need to get one now as you will face decline”.
The report answers these key questions.
- When will traditional IDV peak as the dominant method and what will replace it.
- What does reusable digital identity verification look like and who will supply it.
- How do traditional IDV suppliers manage the transition to newer models of identity verification including the use of digital identity wallets / apps and biometric identity databases.
- What are the major regional differences in supplying identity verification and why is this.
- What are the foundational technology building blocks for identity verification and who supplies them.
- Will Big-Tech dominate the digital identity wallet business.
- Will the EU Digital Identity Wallet meet its aims of becoming the single source of identity credentials that can be used across the EU and accepted by the majority of private businesses.
Six-year forecasts are segmented into global and major regions, covering these major sectors; BFSI, Government, Telecommunications, Gambling, Travel & Hospitality, Workforce (employment), and “Other”.
Goode Intelligence has segmented the forecasts into three main areas; Identity Verification Checks, segmented into traditional and reusable digital identity, Technology and Revenue.
For technology the following forecasts are included:
- Face biometric verification checks
- Face liveness checks
- Deepfake detection checks
- Identity document chip read (transactional per chip read using an NFC enabled smartphone)
- Verifiable credential checks
- Total number of Government digital identity apps / wallets
- Total number of Private digital identity apps / wallets
- Total (combined) number of digital identity apps / wallets
The report is available to purchase now for £3,750.00 (US$5,000.00).
The enterprise license includes:
- Full 272-page market analyst report in PDF format.
- Six-year forecasts 2025-2030 in Excel format.
- 30-minute analyst call with the report author.
- 12-month subscription to forecast updates.
Identity Verification; Market and Technology Analysis, Adoption Strategies and Forecasts 2025-2030– 3rd Edition is available to purchase now. Further information can be found at https://www.goodeintelligence.com/report/identity-verification-idv-market-technology-analysis-forecasts-2025-2030/
About Goode Intelligence
Goode Intelligence is the leading digital trust research and consulting organisation founded in 2007 and based in London. For more information about Goode Intelligence please visit www.goodeintelligence.com
For further information contact:
Alan Goode, CEO and Chief Analyst, Goode Intelligence
alan.goode@goodeintelligence.com
Issued by:
Goode Intelligence