UK Identity Verification Market Size & Outlook, 2022-2030
UK identity verification market, 2018-2030 (US$M)
Related Markets
UK identity verification market highlights
- The UK identity verification market generated a revenue of USD 816.1 million in 2023 and is expected to reach USD 2,421.6 million by 2030.
- The UK market is expected to grow at a CAGR of 16.8% 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 816.1 million |
| Market revenue in 2030 | USD 2,421.6 million |
| Growth rate | 16.8% (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, UK accounted for 7.1% 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 |
|---|
UK 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 70.9% in 2022. Horizon Databook has segmented the UK identity verification market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The UK has become a hub for startups focusing on augmented and virtual reality (AR & VR), supported by favorable funding environments from both private investors and government grants. This entrepreneurial ecosystem fosters innovation, particularly in enhancing customer experiences through AR applications such as virtual try-ons and interactive shopping environments.
Additionally, the increasing demand for immersive training solutions in corporate settings is propelling the adoption of these technologies, making the UK a leader in the European immersive tech landscape.
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Target buyers of UK 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 UK identity verification market , including forecasts for subscribers. This country databook contains high-level insights into UK identity verification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK identity verification market size, by component, 2018-2030 (US$M)
UK Identity Verification Market Outlook Share, 2022 & 2030 (US$M)
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