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 |
|---|---|---|---|---|
| Nuance Communications | View profile | 5001-10000 | Burlington, Massachusetts, United States, North America | http://www.nuance.com |
| IDEMIA | View profile | 10001+ | Courbevoie, Ile-de-France, France, Europe | https://www.idemia.com/ |
| Acuant | View profile | 101-250 | Los Angeles, California, United States, North America | https://www.acuant.com/ |
| Equifax Inc | View profile | 14900 | 1550 Peachtree Street N.W., Atlanta, GA, United States, 30309 | https://www.equifax.com |
| Experian PLC | View profile | 22500 | Fenian Street, 2 Cumberland Place, Dublin, Ireland, D02 HY05 | https://www.experianplc.com |
| GB Group PLC | View profile | 1250 | The Foundation, Herons Way, Chester Business Park, Chester, United Kingdom, CH4 9GB | https://www.gbgplc.com |
| Mitek Systems Inc | View profile | 590 | 600 B Street, Suite 100, San Diego, CA, United States, 92101 | https://www.miteksystems.com |
| Intellicheck Inc | View profile | 51 | 200 Broad Hollow Road, Suite 207, Melville, NY, United States, 11747 | https://www.intellicheck.com |
| TransUnion | View profile | 13200 | 555 West Adams Street, Chicago, IL, United States, 60661 | https://www.transunion.com |
| Thales | View profile | 81000 | 4, rue de la Verrerie, Meudon, France, 92190 | https://www.thalesgroup.com |
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)
- Non-Biometrics
- Biometrics
- Global Identity Verification Deployment Outlook (Revenue, USD Million, 2018-2030)
- Cloud
- On-premises
- Global Identity Verification Organization Size Outlook (Revenue, USD Million, 2018-2030)
- SMEs
- Large Enterprises
- Global Identity Verification Vertical Outlook (Revenue, USD Million, 2018-2030)
- Healthcare & Life Sciences
- Energy & Utilities
- Others
- Government & Defense
- Retail & E-commerce
- IT & ITES
- BFSI
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Target buyers of Global identity verification market databook
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Our clientele includes a mix of identity verification market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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.
Partial client list
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)
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