Global Identity (ID) Verification Market Growth (Status and Outlook) 2026-2032
Description
The global Identity (ID) Verification market size is predicted to grow from US$ 3281 million in 2025 to US$ 6231 million in 2032; it is expected to grow at a CAGR of 9.5% from 2026 to 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%.
LPI (LP Information)' newest research report, the “Identity (ID) Verification Industry Forecast” looks at past sales and reviews total world Identity (ID) Verification sales in 2025, providing a comprehensive analysis by region and market sector of projected Identity (ID) Verification sales for 2026 through 2032. With Identity (ID) Verification sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Identity (ID) Verification industry.
This Insight Report provides a comprehensive analysis of the global Identity (ID) Verification landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Identity (ID) Verification portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Identity (ID) Verification market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Identity (ID) Verification and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Identity (ID) Verification.
This report presents a comprehensive overview, market shares, and growth opportunities of Identity (ID) Verification market by product type, application, key players and key regions and countries.
Segmentation by Type:
Software
Services
Segmentation by Verification Type:
Knowledge-Based Verification
Document-Based Verification
Biometric Verification
Digital Identity Verification
Other
Segmentation by Enterprise Size:
Large Enterprises
SMEs
Segmentation by Application:
BFSI
Retail and Ecommerce
Tele and Gaming
Healthcare and Transport
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Please note: The report will take approximately 2 business days to prepare and deliver.
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%.
LPI (LP Information)' newest research report, the “Identity (ID) Verification Industry Forecast” looks at past sales and reviews total world Identity (ID) Verification sales in 2025, providing a comprehensive analysis by region and market sector of projected Identity (ID) Verification sales for 2026 through 2032. With Identity (ID) Verification sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Identity (ID) Verification industry.
This Insight Report provides a comprehensive analysis of the global Identity (ID) Verification landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Identity (ID) Verification portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Identity (ID) Verification market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Identity (ID) Verification and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Identity (ID) Verification.
This report presents a comprehensive overview, market shares, and growth opportunities of Identity (ID) Verification market by product type, application, key players and key regions and countries.
Segmentation by Type:
Software
Services
Segmentation by Verification Type:
Knowledge-Based Verification
Document-Based Verification
Biometric Verification
Digital Identity Verification
Other
Segmentation by Enterprise Size:
Large Enterprises
SMEs
Segmentation by Application:
BFSI
Retail and Ecommerce
Tele and Gaming
Healthcare and Transport
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
160 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Identity (ID) Verification Market Size by Player
- 4 Identity (ID) Verification by Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Global Identity (ID) Verification Market Forecast
- 11 Key Players Analysis
- 12 Research Findings and Conclusion
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