Identity Verification Market Size 2024-2028
The identity verification market size is forecast to increase by USD 16.92 billion at a CAGR of 20.3% between 2023 and 2028.
- The demand for digital identity and security is experiencing significant growth due to the increasing digitalization of identity systems with electronic ID (eID) cards and smart infrastructure initiatives. The adoption of bring your own device (BYOD) policies in enterprises is also driving market demand, as employees use their personal devices for work-related activities. However, privacy and security concerns surrounding data transferred through the Internet of Things (IoT) are major challenges. To address these issues, the market is witnessing a surge In the adoption of advanced security services, including biometrics, artificial intelligence (AI), and video analytics. These technologies enable robust fraud detection and prevention, ensuring secure digital payment transactions.
- The market is further propelled by the increasing popularity of software as a service (SaaS) and infrastructure as a service (IaaS) models, which offer cost-effective and flexible solutions for businesses. Overall, the digital identity and security market is poised for substantial growth In the coming years.
What will be the Size of the Identity Verification Market During the Forecast Period?
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1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Component
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Identity Verification Market 2018 - 2022
- Historic Market Size - Data Table on Global Identity Verification Market 2018 - 2022 ($ million)
- 4.2 Component segment analysis 2018 - 2022
- Historic Market Size - Component Segment 2018 - 2022 ($ million)
- 4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Component
- 6.1 Market segments
- Chart on Component - Market share 2023-2028 (%)
- Data Table on Component - Market share 2023-2028 (%)
- 6.2 Comparison by Component
- Chart on Comparison by Component
- Data Table on Comparison by Component
- 6.3 Solutions - Market size and forecast 2023-2028
- Chart on Solutions - Market size and forecast 2023-2028 ($ million)
- Data Table on Solutions - Market size and forecast 2023-2028 ($ million)
- Chart on Solutions - Year-over-year growth 2023-2028 (%)
- Data Table on Solutions - Year-over-year growth 2023-2028 (%)
- 6.4 Services - Market size and forecast 2023-2028
- Chart on Services - Market size and forecast 2023-2028 ($ million)
- Data Table on Services - Market size and forecast 2023-2028 ($ million)
- Chart on Services - Year-over-year growth 2023-2028 (%)
- Data Table on Services - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Component
- Market opportunity by Component ($ million)
- Data Table on Market opportunity by Component ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Chart on Type - Market share (2023-2028) (%)
- Data Table on Type - Market share (2023-2028) (%)
- 7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 7.3 Biometric - Market size and forecast (2023-2028)
- Chart on Biometric - Market size and forecast (2023-2028) ($ million)
- Data Table on Biometric - Market size and forecast (2023-2028) ($ million)
- Chart on Biometric - Year-over-year growth (2023-2028) (%)
- Data Table on Biometric - Year-over-year growth (2023-2028) (%)
- 7.4 Non-biometric - Market size and forecast (2023-2028)
- Chart on Non-biometric - Market size and forecast (2023-2028) ($ million)
- Data Table on Non-biometric - Market size and forecast (2023-2028) ($ million)
- Chart on Non-biometric - Year-over-year growth (2023-2028) (%)
- Data Table on Non-biometric - Year-over-year growth (2023-2028) (%)
- 7.5 Market opportunity by Type
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)
8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share (2023-2028) (%)
- Data Table on Application - Market share (2023-2028) (%)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 KYC, KYB, and onboarding - Market size and forecast (2023-2028)
- Chart on KYC, KYB, and onboarding - Market size and forecast (2023-2028) ($ million)
- Data Table on KYC, KYB, and onboarding - Market size and forecast (2023-2028) ($ million)
- Chart on KYC, KYB, and onboarding - Year-over-year growth (2023-2028) (%)
- Data Table on KYC, KYB, and onboarding - Year-over-year growth (2023-2028) (%)
- 8.4 Access control and user monitoring - Market size and forecast (2023-2028)
- Chart on Access control and user monitoring - Market size and forecast (2023-2028) ($ million)
- Data Table on Access control and user monitoring - Market size and forecast (2023-2028) ($ million)
- Chart on Access control and user monitoring - Year-over-year growth (2023-2028) (%)
- Data Table on Access control and user monitoring - Year-over-year growth (2023-2028) (%)
- 8.5 Identity fraud compliance and forensics - Market size and forecast (2023-2028)
- Chart on Identity fraud compliance and forensics - Market size and forecast (2023-2028) ($ million)
- Data Table on Identity fraud compliance and forensics - Market size and forecast (2023-2028) ($ million)
- Chart on Identity fraud compliance and forensics - Year-over-year growth (2023-2028) (%)
- Data Table on Identity fraud compliance and forensics - Year-over-year growth (2023-2028) (%)
- 8.6 Market opportunity by Application
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)
9 Market Segmentation by Deployment Mode
- 9.1 Market segments
- Chart on Deployment Mode - Market share (2023-2028) (%)
- Data Table on Deployment Mode - Market share (2023-2028) (%)
- 9.2 Comparison by Deployment Mode
- Chart on Comparison by Deployment Mode
- Data Table on Comparison by Deployment Mode
- 9.3 Cloud - Market size and forecast (2023-2028)
- Chart on Cloud - Market size and forecast (2023-2028) ($ million)
- Data Table on Cloud - Market size and forecast (2023-2028) ($ million)
- Chart on Cloud - Year-over-year growth (2023-2028) (%)
- Data Table on Cloud - Year-over-year growth (2023-2028) (%)
- 9.4 On-premises - Market size and forecast (2023-2028)
- Chart on On-premises - Market size and forecast (2023-2028) ($ million)
- Data Table on On-premises - Market size and forecast (2023-2028) ($ million)
- Chart on On-premises - Year-over-year growth (2023-2028) (%)
- Data Table on On-premises - Year-over-year growth (2023-2028) (%)
- 9.5 Market opportunity by Deployment Mode
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 11.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 11.4 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 11.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 11.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 11.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 11.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 11.9 Australia - Market size and forecast 2023-2028
- Chart on Australia - Market size and forecast 2023-2028 ($ million)
- Data Table on Australia - Market size and forecast 2023-2028 ($ million)
- Chart on Australia - Year-over-year growth 2023-2028 (%)
- Data Table on Australia - Year-over-year growth 2023-2028 (%)
- 11.10 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 11.11 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 11.12 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 11.13 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
- 11.14 - Market size and forecast (2023-2028)
- Chart on - Market size and forecast (2023-2028) ($ million)
- Data Table on - Market size and forecast (2023-2028) ($ million)
- Chart on - Year-over-year growth (2023-2028) (%)
- Data Table on - Year-over-year growth (2023-2028) (%)
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Market positioning of companies
- Matrix on companies position and classification
- 14.3 Equifax Inc.
- Equifax Inc. - Overview
- Equifax Inc. - Business segments
- Equifax Inc. - Key offerings
- Equifax Inc. - Segment focus
- 14.4 Experian Plc
- Experian Plc - Overview
- Experian Plc - Business segments
- Experian Plc - Key offerings
- Experian Plc - Segment focus
- 14.5 GB Group plc
- GB Group plc - Overview
- GB Group plc - Business segments
- GB Group plc - Key news
- GB Group plc - Key offerings
- GB Group plc - Segment focus
- 14.6 ID Merit
- ID Merit - Overview
- ID Merit - Product / Service
- ID Merit - Key offerings
- 14.7 Intellicheck Inc.
- Intellicheck Inc. - Overview
- Intellicheck Inc. - Product / Service
- Intellicheck Inc. - Key news
- Intellicheck Inc. - Key offerings
- 14.8 Jumio Corp.
- Jumio Corp. - Overview
- Jumio Corp. - Product / Service
- Jumio Corp. - Key news
- Jumio Corp. - Key offerings
- 14.9 Mastercard Inc.
- Mastercard Inc. - Overview
- Mastercard Inc. - Product / Service
- Mastercard Inc. - Key news
- Mastercard Inc. - Key offerings
- 14.10 Mitek Systems Inc.
- Mitek Systems Inc. - Overview
- Mitek Systems Inc. - Product / Service
- Mitek Systems Inc. - Key news
- Mitek Systems Inc. - Key offerings
- 14.11 Onfido
- Onfido - Overview
- Onfido - Product / Service
- Onfido - Key offerings
- 14.12 PXL Vision AG
- PXL Vision AG - Overview
- PXL Vision AG - Product / Service
- PXL Vision AG - Key offerings
- 14.13 RELX Plc
- RELX Plc - Overview
- RELX Plc - Business segments
- RELX Plc - Key offerings
- RELX Plc - Segment focus
- 14.14 Shufti Pro Ltd.
- Shufti Pro Ltd. - Overview
- Shufti Pro Ltd. - Product / Service
- Shufti Pro Ltd. - Key offerings
- 14.15 Thales Group
- Thales Group - Overview
- Thales Group - Business segments
- Thales Group - Key news
- Thales Group - Key offerings
- Thales Group - Segment focus
- 14.16 UAB iDenfy.
- UAB iDenfy. - Overview
- UAB iDenfy. - Product / Service
- UAB iDenfy. - Key offerings
- 14.17 WebID Solutions GmbH
- WebID Solutions GmbH - Overview
- WebID Solutions GmbH - Product / Service
- WebID Solutions GmbH - Key offerings
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
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