Global Identity Verification Market Size & Outlook
Global identity verification market, 2018-2030 (US$M)
Related Markets
Global identity verification market highlights
- The global identity verification market generated a revenue of USD 11,496.0 million in 2023 and is expected to reach USD 33,928.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 16.7% by 2030.
- In terms of segment, solution accounted for a revenue of USD 8,125.2 million in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 11,496.0 million |
| Market revenue in 2030 | USD 33,928.3 million |
| Growth rate | 16.7% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 37.2% of the global identity verification market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 6,534.5 million by 2030.
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Identity Verification Market Scope
Identity Verification Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global identity verification market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to identity verification market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 70.68% in 2022. Horizon Databook has segmented the Global identity verification market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Identity Verification Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Services
- Global Identity Verification Type Outlook (Revenue, USD Million, 2018-2030)
- Biometrics
- Non-Biometrics
- Global Identity Verification Deployment Outlook (Revenue, USD Million, 2018-2030)
- On-premises
- Cloud
- Global Identity Verification Organization Size Outlook (Revenue, USD Million, 2018-2030)
- SMEs
- Large Enterprises
- Global Identity Verification Vertical Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- Government & Defense
- Healthcare & Life Sciences
- Retail & E-commerce
- IT & ITES
- Energy & Utilities
- Others
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Our clientele includes a mix of identity verification market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global identity verification market , including forecasts for subscribers. This global databook contains high-level insights into Global identity verification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global identity verification market size, by regions, 2018-2030 (US$M)
Top 10 countries: Identity verification market size, 2022 (US$M)
Global identity verification market share, by component, 2022 & 2030 (%, US$M)
Identity verification market: Opportunity assessment by country
Global identity verification market, by region, 2022 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,271.1 | 2,587.9 | 2,949.8 | 3,363.8 | 3,792.2 | 4,277.7 | 4,828.3 | 5,453.5 | 6,163.4 | 6,969.2 | 7,870.6 | 8,885.2 | 11,120.0 | 14.4% |
| Europe | 1,090.1 | 1,282.4 | 1,509.5 | 1,777.5 | 2,105.8 | 2,496.3 | 2,960.9 | 3,514.4 | 4,173.9 | 4,959.8 | 5,893.5 | 7,005.5 | 7,913.8 | 18.0% |
| Asia Pacific | 1,006.6 | 1,189.4 | 1,406.1 | 1,662.9 | 1,981.5 | 2,362.7 | 2,818.9 | 3,365.6 | 4,020.6 | 4,805.5 | 5,741.5 | 6,860.9 | 7,667.7 | 18.4% |
| Latin America | 446.6 | 526.3 | 620.6 | 729.7 | 871.7 | 1,034.5 | 1,220.2 | 1,431.0 | 1,668.8 | 1,935.1 | 2,254.3 | 2,625.1 | 3,087.6 | 17.1% |
| MEA | 587.4 | 689.2 | 809.1 | 950.3 | 1,121.7 | 1,324.8 | 1,565.7 | 1,851.6 | 2,191.1 | 2,594.2 | 3,071.9 | 3,639.3 | 4,139.2 | 17.7% |
| Overall | 5,401.8 | 6,275.3 | 7,295.0 | 8,484.1 | 9,872.9 | 11,496.0 | 13,394.0 | 15,616.1 | 18,217.7 | 21,263.7 | 24,831.7 | 29,015.9 | 33,928.3 | 16.7% |
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