Global Identity (ID) Verification Supply, Demand and Key Producers, 2026-2032

The global Identity (ID) Verification market size is expected to reach $ 6355 million by 2032, rising at a market growth of 9.0% CAGR during the forecast period (2026-2032).

Identity (ID) Verification is the process of ensuring that current or prospective customers are who they claim to be, and aren't engaging in illicit business through the financial institution.

AI-based product, cloud and mobile technology, biometric authentication, AML related product are the key trends of Identity (ID) verification. The verification space has been heating up for a while, and the COVID-19 pandemic has only accelerated demand, with more people transacting online.

Looking back over the past few years, the Identity (ID) verification market has begun to return to calm after several years of rapid expansion. Against the backdrop of economic downturn pressure causing downstream users to reduce software spending, the growth rate of the Identity (ID) verification market is slowing down since 2023.

Global key players of Identity (ID) Verification include Jumio, Thales, Okta, Socure, Trulioo, etc. The top 5 players take up above 34% of the global market. North America is the largest market, with a share about 42%, followed by Europe, with a share of 37%. In terms of type, software is the largest segment, occupied for 54 percent, and in terms of application, Retail and Ecommerce has a share of 29%.

This report studies the global Identity (ID) Verification demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Identity (ID) Verification, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Identity (ID) Verification that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Identity (ID) Verification total market, 2021-2032, (USD Million)

Global Identity (ID) Verification total market by region & country, CAGR, 2021-2032, (USD Million)

U.S. VS China: Identity (ID) Verification total market, key domestic companies, and share, (USD Million)

Global Identity (ID) Verification revenue by player, revenue and market share 2021-2026, (USD Million)

Global Identity (ID) Verification total market by Type, CAGR, 2021-2032, (USD Million)

Global Identity (ID) Verification total market by Application, CAGR, 2021-2032, (USD Million)

This report profiles major players in the global Identity (ID) Verification market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Okta, Jumio, Thales, Entrust, Prove, Trulioo, Sumsub, GBG Plc, ID.me, IDEMIA, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the world Identity (ID) Verification market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Identity (ID) Verification Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Identity (ID) Verification Market, Segmentation by Type:
Software
Services

Global Identity (ID) Verification Market, Segmentation by Verification Type:
Knowledge-Based Verification
Document-Based Verification
Biometric Verification
Digital Identity Verification
Other

Global Identity (ID) Verification Market, Segmentation by Enterprise Size:
Large Enterprises
SMEs

Global Identity (ID) Verification Market, Segmentation by Application:
BFSI
Retail and Ecommerce
Tele and Gaming
Healthcare and Transport
Other

Companies Profiled:
Okta
Jumio
Thales
Entrust
Prove
Trulioo
Sumsub
GBG Plc
ID.me
IDEMIA
Socure
IDnow
Persona
Veriff
AU10TIX
Lightico
Ondato
Signicat
Shufti Pro
Smile ID
iDenfy

Key Questions Answered

1. How big is the global Identity (ID) Verification market?

2. What is the demand of the global Identity (ID) Verification market?

3. What is the year over year growth of the global Identity (ID) Verification market?

4. What is the total value of the global Identity (ID) Verification market?

5. Who are the Major Players in the global Identity (ID) Verification market?

6. What are the growth factors driving the market demand? Show more