Regulatory Frameworks for Digital Identity

Digital identities are usually issued or regulated through national ID schemes. They can include a range of attributes, from unique identification numbers and social security numbers to biometric data and citizenship information. Examples of digital identity systems include eID cards in countries like Germany, Italy, and Spain; mobile-based IDs in Finland, Belgium, and Estonia; and biometric-based IDs such as India’s Aadhaar. Emerging technologies like Digital ID Wallets, currently under development in the European Union and Australia, further highlight the global momentum toward secure and interoperable digital identity solutions. 

The global digital identity solutions market was valued at USD 23.40 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 16.8% in the coming years. The rising incidence of identity-related fraud and data breaches and the growing need for regulatory compliance drive the demand for these solutions. As the world moves toward a more digital future, digital identity will be pivotal in shaping secure, inclusive, and efficient access to services for individuals and businesses. 

This whitepaper serves as an essential guide for staying ahead in the industry.

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