It is expected that by the year 2029, there will be 1.5 billion digital identity wallets held by people around the world, storing approximately 30 percent of all digital identities.
It is safe to say that by the end of this decade the proof of identity will be largely digitized with over 4.9 billion digital identities in use by 2029. The paper and plastic identities will not end because it will still be issued and used for a proof of permission or paper document verification.