Europe Identity Verification Market Size & Outlook
Europe identity verification market, 2018-2030 (US$M)
Related Markets
Europe identity verification market highlights
- The Europe identity verification market generated a revenue of USD 2,496.3 million in 2023.
- The market is expected to grow at a CAGR of 17.9% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,496.3 million |
| Market revenue in 2030 | USD 7,913.8 million |
| Growth rate | 17.9% (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 |
| Key market players worldwide | Thales, TransUnion, Intellicheck Inc, Mitek Systems Inc, GB Group PLC, Experian PLC, Equifax Inc, Acuant, IDEMIA, Nuance Communications |
Other key industry trends
- In terms of revenue, Europe region accounted for 21.7% of the global identity verification market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,667.7 million by 2030.
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Identity Verification Market Scope
Identity Verification Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 70.52% in 2022. Horizon Databook has segmented the Europe identity verification market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The market growth is primarily driven by the increasing adoption of virtual and augmented reality across various sectors, including healthcare, education, and entertainment. European countries are investing significantly in developing immersive applications that enhance user experience and engagement. Additionally, the region benefits from a strong technological infrastructure and a growing number of startups focused on innovative immersive solutions.
The rise of location-based entertainment, such as VR arcades and themed attractions, is also contributing to market growth, as consumers seek more interactive experiences in physical venues. Furthermore, government initiatives aimed at fostering digital transformation are expected to bolster the adoption of immersive technologies across Europe.
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Target buyers of Europe 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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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 continent-level data and insights on the Europe identity verification market , including forecasts for subscribers. This continent databook contains high-level insights into Europe identity verification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe identity verification market size, by country, 2018-2030 (US$M)
Europe Identity Verification Market Outlook Share, 2022 & 2030 (US$M)
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