The UK digital identity market has generated £2.05 billion in annual revenue during the 2023-2024 fiscal year. The sector is expected to reach £4 billion in revenue by 2030. The market has a maturing ecosystem, attracting major international investors in digital identity.
The sector has demonstrated strong growth, with employment showing a compound annual growth rate of approximately 11.7 percent over the past five years. The growth trajectory to 2030 is expected to reach between 7 percent and 15 percent. The sector counts 270 companies, with key services including document verification, identity management, and biometrics. Over half of the companies offer digital identity creation and management services.
