Global spending on digital identity verification to rise 55% by 2030: Juniper Research

Global expenditure on digital identity verification is projected to grow by 55% between 2026 and 2030, rising from a baseline of nearly $19 billion. According to a new report from Juniper Research, this surge is driven by stricter international regulations and a transition toward unified, interoperable verification platforms. The shift marks a critical evolution for the sector as identity tools move beyond traditional banking into broader digital-native industries like e-commerce and the gig economy.

According to the "Digital Identity Verification Market 2026-2030" report by UK-based Juniper Research, the market is set for substantial expansion, with spending climbing from just under $19 billion in 2026. This growth is primarily fueled by the tightening of global regulatory frameworks and increased capital investment in systems that prioritize interoperability. Organizations are increasingly moving away from fragmented tools in favor of unified verification platforms that can manage identity across various digital touchpoints and regulatory environments.

While financial services currently represent the largest segment of the market, the research indicates that their total share of spending will likely decrease as other sectors adopt these technologies. E-commerce, the gig economy, and various digital-native platforms are emerging as significant drivers of demand, particularly as they transition toward continuous, lifecycle-based monitoring of users. This diversification highlights the growing necessity of identity verification in nearly all forms of digital interaction beyond basic banking transactions.

The report identifies LexisNexis Risk Solutions, Experian, and Thales as the leading vendors in the space, citing their advanced use of proprietary data and artificial intelligence-driven fraud detection. These top-tier providers are distinguished by their ability to offer integrated platforms that combine document, biometric, and behavioral verification methods into a single solution. This reflects a broader market trend where organizations seek to consolidate services with fewer vendors capable of delivering comprehensive coverage across multiple regions.

Juniper Research derived these findings from a robust dataset of 96,000 points collected over a five-year forecast period. The analysis covers competitive positioning and identifies both current and emerging market opportunities within the identity landscape. The results suggest that the future of the industry lies in the hands of providers who can navigate complex global requirements while offering seamless, multi-modal verification technologies that support the entire user lifecycle.