Identity Verification

Identity Verification

Global Identity Verification Market to Reach $25 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Identity Verification estimated at US$9.8 Billion in the year 2020, is projected to reach a revised size of US$25 Billion by 2027, growing at aCAGR of 14.4% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 13.7% CAGR and reach US$18 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 16.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 19.4% CAGR

The Identity Verification market in the U.S. is estimated at US$2.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.6 Billion by the year 2027 trailing a CAGR of 19.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.7% and 12.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11% CAGR.

Select Competitors (Total 117 Featured) -

• Acuant
• Applied Recognition
• Au10Tix
• Authenteq
• Equifax
• Experian
• GB Group plc (GBG)
• Idemia
• Idenfy
• Idfy
• IDmerit
• Idology (GBG plc)
• Innovatrics
• Jumio
• Lexisnexis Risk Solutions
• Mitek Systems
• Onfido
• PXL Vision Ag
• Securekey Technologies Inc.
• Shufti Pro
• Signicat
• Thales Group
• Transunion
• Trulioo
• Veri5Digital
• WebID Solutions

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