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GLOBAL IDENTITY VERIFICATION MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Global Identity Verification Market by Component (Solution, Service) Market by Deployment Type (on-premises, Cloud) Market by Type (Biometrics, Non-biometrics) Market by Organization Size (SMES, Large Enterprises) Market by Vertical (BFSI, Government and Defense, Healthcare & Life Sciences, Retail and E-commerce, It & ITES, Energy and Utilities, Other Verticals) by Geography

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MARKET OVERVIEW

The global identity verification market was valued at $8925.09 million in 2022 and is expected to reach $37772.09 million by 2032, growing at a CAGR of 15.57% during the forecast period, 2023-2032. The market study has also analyzed the impact of COVID-19 on the identity verification industry qualitatively and quantitatively.  

Identity verification is a method that enables the user to validate their identity and the accuracy of the information they have provided. The three main types of identification accepted are a passport, national identity card, and driver’s license. 

Digital identity verification is done online with the help of technology, artificial intelligence, and machine learning techniques. Online service providers employ various techniques to verify the user’s identity and assess the veracity of the data submitted. Each business chooses a specific verification method to increase the security of its online platform.

Identity Verification Market

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GROWTH ENABLERS

KEY GROWTH ENABLERS OF THE GLOBAL IDENTITY VERIFICATION MARKET ARE:

  • Occurrences of identity thefts
  • Growing digitalization initiatives
    • Digital identity verification facilitates trustworthy authentication and makes it possible to supply a range of services via mobile or online applications that demand identification evidence. 
    • Reduced expenses and greater social, financial, and political inclusiveness are among the few significant economic & social benefits it can produce. 
    • Globally, 165 digital and partially digital identity schemes have been introduced by governments. The interaction between private and public businesses can be streamlined by digitalization in areas like corporate taxes, registrations, permits, economic support, and authorizations. 
    • Additionally, it provides fraud-secure pathways for procedures like background checks and age verifications and supports regulatory compliance. 
    • For instance, the Malaysian government made a significant effort to introduce a national digital ID in July 2020, intended to be used by both private and public enterprises to meet the need to identify people accessing e-services and verifying other secure transactions. 
  • Increasing internet penetration and digital literacy

GROWTH RESTRAINTS

KEY GROWTH RESTRAINING FACTORS OF THE GLOBAL IDENTITY VERIFICATION MARKET ARE:

  • Price variations in identity verification products 
    • Numerous factors, including linguistics, cost per verification, technical support, and data storage, are considered while determining the price of identity verification systems and services. 
    • Different providers offer annual packages with customizable pricing categories per verification. The varied prices that different identity verification market participants charge form a significant barrier to the market’s expansion on a worldwide scale.
    • For instance, Shufti Pro offers a pricing package that starts at $1.00 per client verification, but the identity verification pricing package from iDenfy starts at $1.18 per customer verification.
    •  As a result, consumers may be unsure about which product or service to choose due to price differences.
  • Lack of technical expertise and need for security awareness & training

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KEY MARKET TRENDS

Global Identity Verification Market | Top Trends

  • Growing trends of BYOD and enterprise mobility
    • Allowing employees to use their own digital identities may minimize security reporting and password issues. Employees who use their own devices and social media and install their own programs are the target of IT consumerization. The growing use of ‘Bring Your Own Device’ (BYOD) encourages employees to be more creative with their IT use. It assists them in keeping track of any digital assets belonging to the company that needs to be restricted or blocked.
  • Implementation of new technologies
    • Regulators require businesses to confirm a customer’s identification. Due to technological advancements, individual identification verification can be quickly automated using tools like ML/AI and optical character recognition (OCR). AI-powered identity verification ensures that a real person is using the program and collecting photo IDs before it checks the person and the IDs. The adoption of these cutting-edge technologies was considerably accelerated by COVID-19.
  • Increasing adoption of biometric devices in identity verification systems
    • Self-service identity verification has been possible because of highly powerful mobile devices with more advanced cameras, microphones, and GPS capabilities. This has made it possible to deliver actual multi-factor authentication in different ways. Also, it has tremendous prospects for digital identity verification when combined with other data-based verification. Similarly, due to its distinctive qualities, biometrics as a form of digital identification allows for greater attribution to an individual. Thus, it is less susceptible to impersonation, provided the acquisition method is strictly regulated.

MARKET SEGMENTATION

Market Segmentation – Component, Deployment Type, Type, Organization Size, and Vertical

Market by Component:

  • Solution
    • Solution is the dominant component in the market in terms of revenue. 
    • Businesses can employ trusted data and advanced analytics to make sure that both corporate and individual entities are real and being used by their owners.
    • Additionally, identity verification solutions help businesses build trust with patrons, nonprofits, small- and medium-sized enterprises, landlords, and future workers. Customers can also take advantage of a wide range of services, from streamlined new customer onboarding to automated processes, omnichannel verification, better accuracy, and regulatory compliance. 
    • Document verifications, DD verifications, identity authentication, digital identity verifications, etc., are some of the major types of identity verification solutions.
  • Service

Market by Deployment Type:

  • On-Premises
  • Cloud
    • Cloud is the fastest-growing deployment type in the market. 
    • Shifting to the cloud is essential for most businesses. For instance, The PingOne Cloud Platform enables its clients to transition to the cloud more quickly, enabling them to secure and manage access to resources across various platforms, including private & public clouds and traditional on-premises settings. 
    • Identity verification on cloud platforms is set to record significant growth due to cheaper maintenance costs, increased flexibility, lower maintenance, unlimited memory space, the capacity to handle workloads, and fast software changes. 

Market by Type:

  • Biometrics
  • Non – Biometrics

Market by Organization Size:

  • SMEs
  • Large Enterprises

Market by Vertical:

  • BFSI
  • Government and Defense
  • Healthcare & Life Sciences
  • Retail and E-commerce
  • IT & ITES
  • Energy and Utilities
  • Other Verticals

GEOGRAPHICAL STUDY

GEOGRAPHICAL STUDY BASED ON FOUR MAJOR REGIONS:
  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific
    • Asia-Pacific is the fastest-growing region in the global identity verification market. 
    • Increased digitization initiatives, growing fraud & identity thefts, and cutting-edge digital identity use cases across verticals are the major growth drivers of the Asia-Pacific identity verification market. 
    • The use of emerging technologies like AI, ML, and automation in identity verification systems and the corporate & government initiatives focused on digitalization offer growth opportunities for the identity verification market in Asia-Pacific.
  • Rest of World: Latin America, the Middle East & Africa

MAJOR PLAYERS

MAJOR PLAYERS IN THE GLOBAL IDENTITY VERIFICATION MARKET:

  • Experian plc
  • Mitek Systems Inc
  • TransUnion LLC
  • Intellicheck Inc
  • Trulioo Information Services Inc
  • Nuance Communications Inc
  • Onfido Limited
  • Jumio Corporation

Key strategies adopted by some of these companies:

  • In 2023, Onfido launched its identity verification service for Salesforce Financial Services Cloud. Customers of Salesforce Financial Services Cloud will have access to a range of Onfido services, including Atlas AI, Studio, and Onfido’s library of international identity verification tools. With these tools and Onfido’s Smart Capture Link, Salesforce customers may employ low-code technology to confirm the identification of potential and current customers more rapidly.
  • In 2023, IDVerse partnered with Experian. This has enabled automated digital IDV checks and facilitated client & partner onboarding for Experian’s customers. Experian may also employ IDVerse’s generative AI engine for automated document verification, liveness detection, and face recognition. The availability of generative AI will enhance Experian’s CrossCore fraud management platform.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedComponent, Deployment Type, Type, Organization Size, and Verticals
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedAuthenticID, Equifax Inc, Experian plc, GB Group Plc, IDEMIA, Intellicheck Inc, Jumio Corporation, Mastercard Inc, Mitek Systems Inc, Nuance Communications Inc, Onfido Limited, Thales Group SA, TransUnion LLC, Trulioo Information Services Inc, TruNarrative

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON IDENTITY VERIFICATION MARKET
    5. MAJOR MARKET FINDINGS
      1. STRINGENT GOVERNMENT REGULATIONS AND MANDATES CONCERNING PRIVACY
      2. ADOPTION OF DIGITAL IDs
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. OCCURRENCES OF IDENTITY THEFTS
      2. RISING DIGITALIZATION INITIATIVES
      3. INCREASING INTERNET PENETRATION AND DIGITAL LITERACY
    2. KEY RESTRAINTS
      1. PRICE VARIATIONS IN IDENTITY VERIFICATION PRODUCTS 
      2. LACK OF TECHNICAL EXPERTISE AND NEED FOR SECURITY AWARENESS & TRAINING
  4. KEY ANALYTICS
    1. KEY TECHNOLOGY TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR UNITED STATES
      2. GROWTH PROSPECT MAPPING FOR GERMANY
      3. GROWTH PROSPECT MAPPING FOR INDIA
      4. GROWTH PROSPECT MAPPING FOR MEXICO
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. COMPONENTS
      2. IDENTITY VERIFICATIONS
      3. DEPLOYMENT
      4. END-USE INDUSTRY
    7. KEY BUYING CRITERIA
      1. CAPACITY AND COVERAGE
      2. FRAUD CAPABILITIES
      3. DATA STORAGE AND SECURITY
      4. VERIFICATION TYPES
  5. MARKET BY COMPONENT
    1. SOLUTION
    2. SERVICE
  6. MARKET BY DEPLOYMENT TYPE
    1. ON-PREMISES
    2. CLOUD
  7. MARKET BY TYPE
    1. BIOMETRICS
    2. NON-BIOMETRICS
  8. MARKET BY ORGANIZATION SIZE
    1. SMES
    2. LARGE ENTERPRISES
  9. MARKET BY VERTICAL
    1. BFSI
    2. GOVERNMENT AND DEFENSE
    3. HEALTHCARE & LIFE SCIENCES
    4. RETAIL AND E-COMMERCE
    5. IT & ITES
    6. ENERGY AND UTILITIES
    7. OTHER VERTICALS
  10. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA IDENTITY VERIFICATION MARKET DRIVERS
      3. NORTH AMERICA IDENTITY VERIFICATION MARKET CHALLENGES
      4. NORTH AMERICA IDENTITY VERIFICATION MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN NORTH AMERICA IDENTITY VERIFICATION MARKET
      6. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE IDENTITY VERIFICATION MARKET DRIVERS
      3. EUROPE IDENTITY VERIFICATION MARKET CHALLENGES
      4. EUROPE IDENTITY VERIFICATION MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN EUROPE IDENTITY VERIFICATION MARKET
      6. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        6. BELGIUM
          1. BELGIUM IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        7. POLAND
          1. POLAND IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC IDENTITY VERIFICATION MARKET DRIVERS
      3. ASIA-PACIFIC IDENTITY VERIFICATION MARKET CHALLENGES
      4. ASIA-PACIFIC IDENTITY VERIFICATION MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN ASIA-PACIFIC IDENTITY VERIFICATION MARKET
      6. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        7. VIETNAM
          1. VIETNAM IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD IDENTITY VERIFICATION MARKET DRIVERS
      3. REST OF WORLD IDENTITY VERIFICATION MARKET CHALLENGES
      4. REST OF WORLD IDENTITY VERIFICATION MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN REST OF WORLD IDENTITY VERIFICATION MARKET
      6. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA IDENTITY VERIFICATION MARKET SIZE & OPPORTUNITIES
  11. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS 
    2. COMPANY PROFILES
      1. AUTHENTICID
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      2. EQUIFAX INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      3. EXPERIAN PLC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      4. GB GROUP PLC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      5. IDEMIA
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      6. INTELLICHECK INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      7. JUMIO CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      8. MASTERCARD INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      9. MITEK SYSTEMS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      10. NUANCE COMMUNICATIONS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      11. ONFIDO LIMITED
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      12. THALES GROUP SA
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      13. TRANSUNION LLC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      14. TRULIOO INFORMATION SERVICES INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES
      15. TRUNARRATIVE
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – IDENTITY VERIFICATION

TABLE 2: GLOBAL IDENTITY VERIFICATION MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: GLOBAL IDENTITY VERIFICATION MARKET, BY COMPONENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: GLOBAL SOLUTION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: GLOBAL SOLUTION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: GLOBAL SERVICE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: GLOBAL SERVICE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: GLOBAL IDENTITY VERIFICATION MARKET, BY DEPLOYMENT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: GLOBAL IDENTITY VERIFICATION MARKET, BY DEPLOYMENT TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: GLOBAL ON-PREMISES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: GLOBAL ON-PREMISES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: GLOBAL CLOUD MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: GLOBAL CLOUD MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 14: GLOBAL IDENTITY VERIFICATION MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: GLOBAL IDENTITY VERIFICATION MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16: GLOBAL BIOMETRICS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17: GLOBAL BIOMETRICS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 18: GLOBAL NON-BIOMETRICS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19: GLOBAL NON-BIOMETRICS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 20: GLOBAL IDENTITY VERIFICATION MARKET, BY ORGANIZATION SIZE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 21: GLOBAL IDENTITY VERIFICATION MARKET, BY ORGANIZATION SIZE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 22: GLOBAL SMES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 23: GLOBAL SMES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 24: GLOBAL LARGE ENTERPRISES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 25: GLOBAL LARGE ENTERPRISES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 26: GLOBAL IDENTITY VERIFICATION MARKET, BY VERTICAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 27: GLOBAL IDENTITY VERIFICATION MARKET, BY VERTICAL, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 28: GLOBAL BFSI MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 29: GLOBAL BFSI MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 30: GLOBAL GOVERNMENT AND DEFENSE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 31: GLOBAL GOVERNMENT AND DEFENSE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 32: GLOBAL HEALTHCARE & LIFE SCIENCES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 33: GLOBAL HEALTHCARE & LIFE SCIENCES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 34: GLOBAL RETAIL AND E-COMMERCE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 35: GLOBAL RETAIL AND E-COMMERCE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 36: GLOBAL IT & ITES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 37: GLOBAL IT & ITES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 38: GLOBAL ENERGY AND UTILITIES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 39: GLOBAL ENERGY AND UTILITIES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 40: GLOBAL OTHER VERTICALS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 41: GLOBAL OTHER VERTICALS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 42: GLOBAL IDENTITY VERIFICATION MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 43: GLOBAL IDENTITY VERIFICATION MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 44: NORTH AMERICA IDENTITY VERIFICATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 45: NORTH AMERICA IDENTITY VERIFICATION MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 46: NORTH AMERICA IDENTITY VERIFICATION MARKET REGULATORY FRAMEWORK

TABLE 47: KEY PLAYERS OPERATING IN NORTH AMERICA IDENTITY VERIFICATION MARKET

TABLE 48: EUROPE IDENTITY VERIFICATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 49: EUROPE IDENTITY VERIFICATION MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 50: EUROPE IDENTITY VERIFICATION MARKET REGULATORY FRAMEWORK

TABLE 51: KEY PLAYERS OPERATING IN EUROPE IDENTITY VERIFICATION MARKET

TABLE 52: ASIA-PACIFIC IDENTITY VERIFICATION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 53: ASIA-PACIFIC IDENTITY VERIFICATION MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 54: ASIA-PACIFIC IDENTITY VERIFICATION MARKET REGULATORY FRAMEWORK

TABLE 55: KEY PLAYERS OPERATING IN ASIA-PACIFIC IDENTITY VERIFICATION MARKET

TABLE 56: REST OF WORLD IDENTITY VERIFICATION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 57: REST OF WORLD IDENTITY VERIFICATION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 58: REST OF WORLD IDENTITY VERIFICATION MARKET REGULATORY FRAMEWORK

TABLE 59: KEY PLAYERS OPERATING IN REST OF WORLD IDENTITY VERIFICATION MARKET

TABLE 60: LIST OF ACQUISITIONS

TABLE 61: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 62: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 63: LIST OF BUSINESS EXPANSIONS

LIST OF FIGURES 

FIGURE 1: INDIVIDUALS USING THE INTERNET (% OF POPULATION) (2012-2021)

FIGURE 2: KEY TECHNOLOGY TRENDS

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 5: GROWTH PROSPECT MAPPING FOR GERMANY

FIGURE 6: GROWTH PROSPECT MAPPING FOR INDIA

FIGURE 7: GROWTH PROSPECT MAPPING FOR MEXICO

FIGURE 8: MARKET MATURITY ANALYSIS

FIGURE 9: MARKET CONCENTRATION ANALYSIS

FIGURE 10: VALUE CHAIN ANALYSIS

FIGURE 11: KEY BUYING CRITERIA

FIGURE 12: GLOBAL IDENTITY VERIFICATION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022

FIGURE 13: GLOBAL IDENTITY VERIFICATION MARKET, BY SOLUTION, 2023-2032 (IN $ MILLION)

FIGURE 14: GLOBAL IDENTITY VERIFICATION MARKET, BY SERVICE, 2023-2032 (IN $ MILLION)

FIGURE 15: GLOBAL IDENTITY VERIFICATION MARKET, GROWTH POTENTIAL, BY DEPLOYMENT TYPE, IN 2022

FIGURE 16: GLOBAL IDENTITY VERIFICATION MARKET, BY ON-PREMISES, 2023-2032 (IN $ MILLION)

FIGURE 17: GLOBAL IDENTITY VERIFICATION MARKET, BY CLOUD, 2023-2032 (IN $ MILLION)

FIGURE 18: GLOBAL IDENTITY VERIFICATION MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 19: GLOBAL IDENTITY VERIFICATION MARKET, BY BIOMETRICS, 2023-2032 (IN $ MILLION)

FIGURE 20: GLOBAL IDENTITY VERIFICATION MARKET, BY NON-BIOMETRICS, 2023-2032 (IN $ MILLION)

FIGURE 21: GLOBAL IDENTITY VERIFICATION MARKET, GROWTH POTENTIAL, BY ORGANIZATION SIZE, IN 2022

FIGURE 22: GLOBAL IDENTITY VERIFICATION MARKET, BY SMES, 2023-2032 (IN $ MILLION)

FIGURE 23: GLOBAL IDENTITY VERIFICATION MARKET, BY LARGE ENTERPRISES, 2023-2032 (IN $ MILLION)

FIGURE 24: GLOBAL IDENTITY VERIFICATION MARKET, GROWTH POTENTIAL, BY VERTICAL, IN 2022

FIGURE 25: GLOBAL IDENTITY VERIFICATION MARKET, BY BFSI, 2023-2032 (IN $ MILLION)

FIGURE 26: GLOBAL IDENTITY VERIFICATION MARKET, BY GOVERNMENT AND DEFENSE, 2023-2032 (IN $ MILLION)

FIGURE 27: GLOBAL IDENTITY VERIFICATION MARKET, BY HEALTHCARE & LIFE SCIENCES, 2023-2032 (IN $ MILLION)

FIGURE 28: GLOBAL IDENTITY VERIFICATION MARKET, BY RETAIL AND E-COMMERCE, 2023-2032 (IN $ MILLION)

FIGURE 29: GLOBAL IDENTITY VERIFICATION MARKET, BY IT & ITES, 2023-2032 (IN $ MILLION)

FIGURE 30: GLOBAL IDENTITY VERIFICATION MARKET, BY ENERGY AND UTILITIES, 2023-2032 (IN $ MILLION)

FIGURE 31: GLOBAL IDENTITY VERIFICATION MARKET, BY OTHER VERTICALS, 2023-2032 (IN $ MILLION)

FIGURE 32: NORTH AMERICA IDENTITY VERIFICATION MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 33: UNITED STATES IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: CANADA IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: EUROPE IDENTITY VERIFICATION MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 36: UNITED KINGDOM IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: GERMANY IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: FRANCE IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: ITALY IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: SPAIN IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 41: BELGIUM IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 42: POLAND IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 43: REST OF EUROPE IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 44: ASIA-PACIFIC IDENTITY VERIFICATION MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)

FIGURE 45: CHINA IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 46: JAPAN IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 47: INDIA IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 48: SOUTH KOREA IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 49: INDONESIA IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 50: THAILAND IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 51: VIETNAM IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 52: AUSTRALIA & NEW ZEALAND IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 53: REST OF ASIA-PACIFIC IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 54: REST OF WORLD IDENTITY VERIFICATION MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)

FIGURE 55: LATIN AMERICA IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 56: MIDDLE EAST & AFRICA IDENTITY VERIFICATION MARKET, 2023-2032 (IN $ MILLION)

FAQ’s

FAQs

The North America identity verification market was valued at $3046.13 million in 2022.

Biometrics is the dominating type in the global identity verification market.

Retail and e-commerce is the fastest-growing vertical in the global identity verification market.

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