Mexico Identity Verification Market Size & Outlook
Mexico identity verification market, 2018-2030 (US$M)
Related Markets
Mexico identity verification market highlights
- The Mexico identity verification market generated a revenue of USD 574.0 million in 2023 and is expected to reach USD 1,683.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 16.6% 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 574.0 million |
| Market revenue in 2030 | USD 1,683.2 million |
| Growth rate | 16.6% (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, Mexico accounted for 5.0% 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 North America, U.S. identity verification market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,902.3 million by 2030.
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Identity Verification Market Scope
Identity Verification Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 70.19% in 2022. Horizon Databook has segmented the Mexico identity verification market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The vibrant startup ecosystem in Mexico is also contributing to innovation in AR and VR technologies, further driving market expansion as industries recognize the potential of immersive solutions for enhancing customer engagement and operational efficiency.
Additionally, a young and tech-savvy population coupled with rising disposable incomes is fueling demand for immersive experiences, as consumers seek unique and interactive entertainment options, thereby driving the market growth.
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Target buyers of Mexico 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 Mexico identity verification market , including forecasts for subscribers. This country databook contains high-level insights into Mexico identity verification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico identity verification market size, by component, 2018-2030 (US$M)
Mexico Identity Verification Market Outlook Share, 2022 & 2030 (US$M)
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