DELRAY BEACH, Fla., June 4, 2025 /PRNewswire/ -- The Identity Verification Market is projected to grow from USD 14.34 billion in 2025 to USD 29.32 billion by 2030 at a compound annual growth rate (CAGR) of 15.4% during the forecast period, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on "Identity Verification Market"
551 – Tables
57 - Figures
421 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=178660742
Scope of the Report
Report Metrics |
Details |
Market size available for years |
2019-2030 |
Base year considered |
2024 |
Forecast period |
2025–2030 |
Forecast units |
Value (USD Billion) |
Segments covered |
By Offering, Type, Deployment Mode, Organization Size, Application, Vertical, and Region. |
Geographies covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
Companies covered |
Major vendors in the Identity Verification Market include Experian plc (Ireland), LexisNexis Risk Solutions (US), Equifax (US), Thales Group (France), GB Group (GBG) (UK), TransUnion (US), Mastercard (US), Onfido (UK), Trulioo (Canada), IDology (US), Mitek Systems (US), IDEMIA (France), Jumio (US), HyperVerge (India), AU10TIX (Israel), Innovatrics (Slovakia), Intellicheck (US), Signicat (Norway), SecureKey Technologies (Canada), IDfy (India), IDMERIT (US), Veriff (Estonia), AuthenticID (US), TruNarrative (UK), Sumsub (UK), PassFort (UK), PXL Vision (Switzerland), Shufti Pro (UK), iDenfy (Lithuania), Berbix (US), Persona (US), Ekata (US), and Hooyu (UK). |
The sudden transition to digital and remote onboarding in industries such as financial services, healthcare, e-commerce, and telecommunications is fueling the demand for more robust identity verification solutions. With more customers remotely onboarded, their identities must be verifiable securely and frictionlessly. This transition to digital is compelling businesses to seek new verification technologies, such as biometrics, AI-driven verifications, and mobile-based ID verification, making onboarding simpler without sacrificing security.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=178660742
By offering, solutions segment to account for largest market size during forecast period.
The solutions segment is expected to lead the Identity Verification Market in terms of revenue during the forecast period. This growth is fueled by the increasing adoption of advanced verification tools, such as biometrics, document authentication, and AI-powered analytics, that enable real-time, secure identity checks. As companies drive digital onboarding and encounter increasing identity fraud threats, they are investing in scalable, hands-free technology that authenticates users cost-effectively. Beyond supporting anti-fraud and compliance, such technology allows for more seamless customer experiences and thus is a key component of digital trust today.
By deployment mode, on-premises segment to lead market during forecast period.
By deployment mode, the on-premises segment is estimated to lead the Identity Verification Market throughout the forecast period. Organizations need more control, data privacy, and security, particularly in industries with stringent regulations, such as banking, government, and healthcare. Strict compliance-oriented organizations utilize on-premises solutions because they have tightly controlled sensitive identity data. Third-party exposure and data sovereignty issues also necessitate on-premises identity authentication solutions, especially in countries that have very strict data protection legislation.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=178660742
By region, Asia Pacific to register highest CAGR during forecast period.
By region, the Asia Pacific market is projected to register the highest CAGR during the forecast period. The rapid growth in this region is driven by an expanding internet population, increasing mobile penetration, and a developing digital economy supported by rising investments in infrastructure and technology. As digital transactions increase, there is a greater need for secure and user-friendly identity verification to prevent fraud and ensure regulatory compliance. Government programs backing digital ID platforms, as well as the fast-paced digital onboarding of customers by banks, fintech players, and e-commerce portals, also drive the adoption of identity verification solutions in the region.
Top Key Companies in Identity Verification Market:
Experian plc (Ireland), LexisNexis Risk Solutions (US), Equifax (US), Thales Group (France), GB Group (GBG) (UK), TransUnion (US), Mastercard (US), Onfido (UK), Trulioo (Canada), IDology (US), Mitek Systems (US), IDEMIA (France), Jumio (US), HyperVerge (India), AU10TIX (Israel), Innovatrics (Slovakia), Intellicheck (US), Signicat (Norway), SecureKey Technologies (Canada), IDfy (India), IDMERIT (US), Veriff (Estonia), AuthenticID (US), TruNarrative (UK), Sumsub (UK), PassFort (UK), PXL Vision (Switzerland), Shufti Pro (UK), iDenfy (Lithuania), Berbix (US), Persona (US), Ekata (US), Hooyu (UK) are some of the players in the Identity Verification Market.
Browse Adjacent Markets: Information Security Market Research Reports & Consulting
Related Reports:
Endpoint Security Market - Global Forecast to 2030
Anti-Money Laundering Market - Global Forecast to 2030
Operational Technology (OT) Security Market - Global Forecast to 2030
Supply Chain Security Market - Global Forecast to 2030
Digital Signature Market - Global Forecast to 2030
Get access to the latest updates on Identity Verification Companies and Identity Verification Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

Share this article