Germany Identity Verification Market Size & Outlook
Germany identity verification market, 2018-2030 (US$M)
Related Markets
Germany identity verification market highlights
- The Germany identity verification market generated a revenue of USD 712.1 million in 2023 and is expected to reach USD 2,366.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 18.7% 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.
Identity verification market data book summary
| Market revenue in 2023 | USD 712.1 million |
| Market revenue in 2030 | USD 2,366.2 million |
| Growth rate | 18.7% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 6.2% of the global identity verification market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK identity verification market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 1,836.0 million by 2030.
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Identity Verification Market Scope
Identity Verification Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 70.5% in 2022. Horizon Databook has segmented the Germany identity verification market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Germany's immersive technology market is significantly influenced by its strong manufacturing sector, which increasingly utilizes virtual reality (VR) for training and simulation purposes. Companies are leveraging VR to create realistic training environments that enhance workforce skills while improving safety standards by allowing employees to practice in risk-free settings.
The country's focus on Industry 4.0 initiatives further drives the integration of immersive technologies into production processes, enabling better product design and prototyping. Additionally, the growing interest in AR applications for marketing and customer engagement is expected to fuel market expansion as businesses seek innovative ways to connect with consumers.
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Target buyers of Germany 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 country-level data and insights on the Germany identity verification market , including forecasts for subscribers. This country databook contains high-level insights into Germany identity verification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany identity verification market size, by component, 2018-2030 (US$M)
Germany Identity Verification Market Outlook Share, 2022 & 2030 (US$M)
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