Future of Digital Identity Verification: Insights from Alan Goode

Published Date : 7/18/2025 

Alan Goode, founder of Goode Intelligence, discusses the transformative impact of technology on identity verification and predicts a significant shift towards reusable digital IDs by 2030. 

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

On a recent episode of the Biometric Update Podcast, Alan provided insights into Goode Intelligence’s latest market research report. The report highlights an industry in the midst of a significant transition to reusable digital IDs. This shift presents numerous opportunities, particularly in the technology building blocks that form the foundation of identity verification systems.

“In addition to the forecast revenue opportunity figure of over $20 billion, we expect a further $15-20 billion in revenue from these connected technology building blocks that are crucial to delivering identity verification services,” Goode explained.

The building blocks of identity verification include connected tools and services that can be combined into reliable digital ID systems. These components are essential for creating a seamless and secure verification process. The market is ripe for innovation, and companies that can effectively integrate these technologies will be well-positioned to capitalize on the growing demand.

Goode emphasized the importance of approaching adoption with a strategic mindset. As the industry transitions, it is crucial to navigate the disruption of significant change. Companies must be agile and adaptable to stay ahead of the curve. This involves not only investing in the right technologies but also fostering a culture of innovation and continuous improvement.

The shift towards digital identity verification is driven by several factors, including the increasing need for security, the convenience of digital solutions, and the growing adoption of biometric technologies. Biometrics, such as facial recognition and fingerprint scanning, are playing a pivotal role in enhancing the accuracy and reliability of identity verification processes.

As the market continues to evolve, the role of regulatory frameworks will also become more prominent. Governments and regulatory bodies are increasingly recognizing the importance of digital identity verification and are implementing policies to ensure the security and privacy of personal data.

In conclusion, the future of identity verification is bright, with significant growth and opportunities on the horizon. Companies that can effectively leverage the building blocks of digital identity verification and navigate the challenges of this transition will be well-positioned to succeed in this rapidly evolving market. 

Frequently Asked Questions (FAQS): 

Q: What is the predicted revenue for the identity verification market by 2030?

A: The identity verification market is expected to exceed $20 billion in revenue by 2030.

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

A: The technology building blocks of identity verification include connected tools and services that can be combined into reliable digital ID systems, such as biometric technologies and secure data management solutions.

Q: Why is the market transitioning to reusable digital IDs?

A: The market is transitioning to reusable digital IDs due to the increasing need for security, the convenience of digital solutions, and the growing adoption of biometric technologies.

Q: What role do regulatory frameworks play in the identity verification market?

A: Regulatory frameworks play a crucial role in ensuring the security and privacy of personal data in the identity verification market. Governments and regulatory bodies are implementing policies to support the growth of digital identity verification.

Q: How can companies stay ahead in the identity verification market?

A: Companies can stay ahead in the identity verification market by investing in the right technologies, fostering a culture of innovation, and being agile and adaptable to navigate the challenges of significant change. 

More Related Topics :