24.9.2024
Gartner, Inc. predicts that by 2026, at least 500 million smartphone users will be regularly making verifiable claims using a digital identity wallet (DIW).
Identity verification (IDV) in the form of a user taking a picture of their identity document and a selfie is commonly used today. It establishes confidence in the identity of a person during a digital interaction when curated credentials do not exist, are not available or do not provide sufficient assurance. However, due to challenges with the traditional IDV model, solutions based on portable digital identity (PDI) have emerged.
“The market is entering a transition period as PDI solutions are starting to mature, which in the next five years, will reduce the demand for standalone IDV,” said Akif Khan, VP Analyst at Gartner, speaking at the Gartner Security & Risk Management Summit in London this week.