Monday, 02 September 2019 18:26

40% of people will receive mobile identity cards by 2024

Using unique mobile ID services that provide identity verification using SIM cards will bring mobile operators more than $20 billion in 2024. This is more than the expected $859 million in 2019 - an increase of more than 800%. [Profit]

Juniper Research 's new study, Digital Identification: Technology Development, Regulatory Analysis and Forecasts 2019-2024, notes that, especially in emerging economies with limited government identity provision, mobile phones will be the primary source of identification for more than three billion people by 2024. This is largely because such a decision is easier to scale than card cards, especially in areas of Southeast Asia and Africa where pre-existing government identity cards are rare.

The study assumes that other digital players will provide apps on top of this platform, with more than 600 million individual identification apps from third-party vendors using features provided by operators. These third parties typically monetize API referrals from those requesting identification. The scheme involves removing operators from that space, but they could potentially use their positions in the future to generate extra revenue.

Smartphone providers will also use digital identification through the production of devices with advanced functionality, including biometric identification capabilities. By 2024, more than five billion smartphones worldwide will include various forms of biometric identification, that is, almost 90% of all smartphones. Still, analysts warn that some services will still need traditional documentation for initial users. That is, traditional forms of identification will not be completely displaced by mobile forms in the near future.

"The introduction of services still remains an opportunity for fraud, despite advances in biometric technologies," says study author James Moar. "Many services require binding to an existing form of identifier, which usually means analog identification. As a result, facial recognition will become key because it can bridge the digital physical divide more easily than other biometric characteristics. "

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