Alan Goode on Future of Digital Identity Verification in Biometric Update P

Published Date : 7/18/2025 

Alan Goode, founder of Goode Intelligence, discusses the transformative impact of technology on identity verification, predicting that digital IDV will surpass traditional methods by 2030, with a global revenue exceeding $20 billion. 

Technology is rapidly transforming the landscape of identity verification. According to Alan Goode, founder of Goode Intelligence, by 2030, digital identity verification (IDV) will surpass traditional methods in volume, and the total global revenue from identity verification services is projected to exceed $20 billion.

On a recent episode of the Biometric Update Podcast, Alan delved into Goode Intelligence’s latest market research report, which highlights the industry's transition to reusable digital ID. The report underscores the significant opportunities across the IDV sector, particularly in the technology building blocks that form the foundation of reliable digital ID systems.

One of the key insights from the report is the substantial revenue potential from these connected technology building blocks. 'In addition to the forecast revenue opportunity figure of over $20 billion, we expect an additional $15-20 billion in revenue from these connected technology building blocks that are crucial to delivering identity verification services,' Goode explained.

These building blocks include advanced biometric solutions, secure data sharing platforms, and integrated software tools that can seamlessly combine to create robust digital ID systems. The transition to these systems is not just a technological shift but a fundamental change in how identity is verified and managed.

The podcast episode also discussed the challenges and opportunities that come with this transition. As the market shifts towards more digital and reusable ID solutions, there is a need for standardized practices and robust security measures to ensure the integrity and reliability of these systems.

Goode emphasized the importance of a collaborative approach among stakeholders, including governments, businesses, and technology providers, to navigate the complexities of this transition. 'The key to successful adoption is a collaborative effort that addresses the technical, regulatory, and user experience aspects of digital IDV,' he noted.

For organizations looking to adopt digital IDV, Goode recommended focusing on the integration of these building blocks to create a seamless and secure user experience. 'By leveraging these technologies, organizations can enhance their identity verification processes, reduce fraud, and improve overall user satisfaction,' he concluded.

The full episode of the Biometric Update Podcast provides a comprehensive overview of the digital IDV market, offering valuable insights for stakeholders in the industry. 

Frequently Asked Questions (FAQS): 

Q: What is the projected global revenue from identity verification services by 2030?

A: The global revenue from identity verification services is projected to exceed $20 billion by 2030.

Q: What are the technology building blocks of digital identity verification?

A: The technology building blocks of digital identity verification include advanced biometric solutions, secure data sharing platforms, and integrated software tools.

Q: What additional revenue is expected from these technology building blocks?

A: An additional $15-20 billion in revenue is expected from the technology building blocks crucial to delivering identity verification services.

Q: What is the key to successful adoption of digital IDV?

A: The key to successful adoption of digital IDV is a collaborative effort that addresses the technical, regulatory, and user experience aspects of digital identity verification.

Q: What does Alan Goode recommend for organizations looking to adopt digital IDV?

A: Alan Goode recommends focusing on the integration of technology building blocks to create a seamless and secure user experience, which can enhance identity verification processes, reduce fraud, and improve overall user satisfaction. 

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