U.S. Identity Verification Market Size & Outlook
U.S. identity verification market, 2018-2030 (US$M)
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U.S. identity verification market highlights
- The U.S. identity verification market generated a revenue of USD 2,737.0 million in 2023 and is expected to reach USD 6,534.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 13.2% 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 2,737.0 million |
| Market revenue in 2030 | USD 6,534.5 million |
| Growth rate | 13.2% (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, U.S. accounted for 23.8% 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 |
|---|
U.S. 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 71.3% in 2022. Horizon Databook has segmented the U.S. identity verification market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The integration of artificial intelligence (AI) with immersive technologies is enhancing personalization and interactivity, making applications more engaging across various sectors. The expansion of 5G networks is also pivotal, enabling faster data transfer and lower latency for mobile AR applications.
Moreover, there is a notable increase in the use of VR for training and simulation in healthcare and education in U.S., as organizations seek innovative solutions to improve learning outcomes and operational efficiency.
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Target buyers of U.S. 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 country-level data and insights on the U.S. identity verification market , including forecasts for subscribers. This country databook contains high-level insights into U.S. identity verification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. identity verification market size, by component, 2018-2030 (US$M)
U.S. Identity Verification Market Outlook Share, 2022 & 2030 (US$M)
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