TECHDIGEST – As verification becomes critical business for businesses across the world, a new study from Juniper Research has found that revenue for digital identity vendors will exceed $53 billion globally in 2026; doubling from $26 billion in 2021.

According to the research, tagged ‘Digital Identity: Key Opportunities, Regulatory Landscape & Market Forecasts 2022-2026’, verification spend will exceed $16 billion in 2026, from $9 billion in 2021. This is as a result of reflection of people migrating to digital channels, the need to verify identity digitally. As fraudsters exploit opportunities, verification capabilities will proliferate to wider industries and use cases than ever before.

“Digital identity verification tools have become more critical across a broader range of industries than ever, from banking and financial services to eGovernment, healthcare and others. Developing effective user experiences for different verification scenarios will be important for realising digital identity’s potential,” explained Research co-author Damla Sat.

Digital identity revenue includes third-party and civic identity apps, centralised identity schemes, and digital identity verification. In addition, the research predicts that the increased demand for digital onboarding frameworks in the face of the ongoing pandemic will accelerate the uptake of digital identity services.

The research also identified verified digital identity, where identities are confirmed as genuine using verifiable credentials, as being vital for improving fraud mitigation. This represents the next evolutionary step for digital identity; moving from establishing infrastructure to utilising and verifying identity in practical applications. To facilitate this, the report predicts increasing data partnerships between vendors to provide comprehensive, data diverse identity systems.

Report by ITPULSE https://itpulse.com.ng/2022/01/31/revenue-from-digital-identity-to-exceed-53-billion-globally-by-2026-juniper/

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TECH DIGEST – The Nigeria e-Government summit is scheduled to hold in Lagos on November 17.

Discussions and paper presentations at the summit will address the effect of COVID-19 on the Nigerian economy and help retool the economy for accelerated deployment, designed to boost government’s online presence.

The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami would be joined by some members of the management team including Dr. Zainab Gobir, who is expected to deliver the keynote address.

Executive Vice Chairman, Nigeria Communications Commission (NCC), Prof. Umar Garba Danbatta and the President, Association of Telecoms Companies of Nigeria (ATCON), Mr. Olusola Teniola, are among other notable Nigerians, who will be discussing new e-Government strategies and policies at the Nigeria eGovernment Summit.

Other keynote speakers include: Chairman, Governor’s Forum and the Governor of Ekiti State, Dr. Kayode Fayemi; Board member MTN and former Minister of Communications, Dr. Omobola Johnson; Managing Director, GMT Energy and Chairman NAHCO, Dr. Sehinde Oladapo;

Lagos State Governor, Mr. Babajide Sanwo-Olu, is the chief host.

The annual Nigeria eGovernment Summit, scheduled to hold at Sheraton Hotels and Tower, Ikeja, has the theme: COVID-19: Impetus for Accelerated Adoption of eGovernment.

Different panel sessions have been lined up with sub-themes like: The Roles of Government Agencies in Advancing the National eGovernment Plan; The State of eGovernment and Critical Success Factors in Specified Countries; Positioning Telecoms Infrastructure for eGovernment Deployment; Partnering Government for Development of Sustainable eGovernment Services; Datacentre and Co-location Infrastructure as Enabler of eGovernment Deployment, among others.

The Executive Chairman, DigiServe Network Services, and convener of the summit, Mr. Lanre Ajayi​​​​​​​, said: “We are assembling world-class technology experts and solution providers to share their experiences and showcase latest innovations applicable to eGovernment service deployment.

We are also inviting top government officials not only to learn from experts but also to share their own experience and showcase the state of eGovernment services deployment in their respective governance domains.”

Ajayi noted that technologies have served Nigerians very well in the trying period of the pandemic in many more areas including governance, such that governments now hold cabinet meetings online and taxes are now be paid online.

He however expressed worries over the slow rate of adoption of technologies in governance.

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