Extensive use of mobile devices in the developing world, combined with the proliferation of low-cost biometrics, offer ubiquitous and simple means for capturing personal ID that can reach far more people, as well as and new, more efficient ways for government and business to reach and serve the populations who lack a digital ID.
Advances in distributed secure networks, plus the emergence of artificial intelligence (AI), are creating new models for conceptualizing and designing ID systems. Distributed ledger technologies (DLT) and solutions such as Blockchain are the next frontier for identity access and management.
Market consolidation of established players and emergence of new and
innovative start-ups and alliances/consortia in the DLT and blockchain space are contributing to growing a $100 B+ ecosystem by 2022.