Global Identity Verification Market Size & Outlook
The identity verification industry worldwide is expected to reach a projected revenue of US$ 33,928.3 million by 2030. A compound annual growth rate of 16.7% is expected of the worldwide identity verification industry from 2024 to 2030.
Revenue, 2023 (US$M)
$11,496.0
Forecast, 2030 (US$M)
$33,928.3
CAGR, 2024 - 2030
16.7%
Report Coverage
Worldwide
Global identity verification market, 2017-2030 (US$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 segmentation & scope
Others
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 2023. Horizon Databook has segmented the Global identity verification market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Identity Verification Component Outlook (Revenue, USD Million, 2017-2030)
- Solution
- Services
- Global Identity Verification Type Outlook (Revenue, USD Million, 2017-2030)
- Biometrics
- Non-Biometrics
- Global Identity Verification Deployment Outlook (Revenue, USD Million, 2017-2030)
- On-premises
- Cloud
- Global Identity Verification Organization Size Outlook (Revenue, USD Million, 2017-2030)
- SMEs
- Large Enterprises
- Global Identity Verification Vertical Outlook (Revenue, USD Million, 2017-2030)
- BFSI
- Government & Defense
- Healthcare & Life Sciences
- Retail & E-commerce
- IT & ITES
- Energy & Utilities
- Others
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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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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 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global identity verification market statistics, by regions, 2017-2030 (US$M)
Top 10 countries: Identity verification market size, 2023 (USD Million)
Top 10 countries: Identity verification market size, 2023 (USD Million)
Global identity verification market, by region, 2023 (US$M)
Related regional statistics
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