The mobile identity application programming interface (API) market is expected to grow dramatically over the next five years, with revenues reaching $22 billion by 2029, up from $2.4 billion in 2024, according to new research findings from Juniper Research. The forecast supports the firm’s earlier predictions about massive investment growth in digital identity verification technology.
Multiple factors in the telecommunications sector are driving this projected growth, particularly the increasing demand for secure and efficient identity verification processes. The integration of advanced technologies, including artificial intelligence and machine learning, is enhancing the capabilities of mobile identity APIs, making them more efficient and effective for identity verification purposes. Recent implementations, such as Smart Communications’ GSMA Open Gateway API certification, demonstrate how telecom providers are advancing their identity verification capabilities.
Market demand for seamless and secure user authentication across various applications and services continues to rise as more services transition to digital platforms. The trend is particularly evident in the telecom industry, where robust security measures are essential for protecting user data and preventing fraud. Recent partnerships, like Telefonica’s collaboration with Google and TikTok on authentication APIs, highlight the industry’s move toward more sophisticated identity verification solutions.
Regulatory compliance requirements are also playing a significant role in market growth. The implementation of stringent regulations such as GDPR and other data protection laws is compelling telecom companies to invest in robust identity verification solutions, further driving the adoption of mobile identity APIs. The European Data Protection Board’s recent guidelines for digital age verification systems demonstrate how regulatory frameworks are shaping the development of mobile identity solutions.
A Juniper Research representative noted that this growth trajectory reflects the increasing need for secure and efficient identity verification processes across various industries, with telecommunications being a key sector driving adoption. The assessment is supported by recent industry developments, including Sinch’s partnership with Aduna to expand the global network API ecosystem for enhanced mobile authentication.
The expansion of mobile identity API implementation is occurring alongside broader digital transformation initiatives in the telecommunications sector, as operators seek to enhance their service offerings and security infrastructure while meeting evolving regulatory requirements. The transformation is evidenced by initiatives such as Batelco’s implementation of the eKey 2.0 digital identity system, which demonstrates how telecom providers are modernizing their identity verification infrastructure.
Sources: FutureIoT
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