Global KYC and ID Verification Market Growth (Status and Outlook) 2026-2032
Description
The global KYC and ID Verification market size is predicted to grow from US$ 4265 million in 2025 to US$ 8379 million in 2032; it is expected to grow at a CAGR of 10.2% from 2026 to 2032.
KYC and 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.
KYC and ID verification is mainly classified into the following types: software and services. Services type is the most widely used type who takes up about 64.9% of the global market.
KYC and ID verification has wide range of applications and industries. This report classified them into BFSI, Retail and Ecommerce, Tele and Gaming, Healthcare and Transport, etc. BFSI segment was the most widely used area that took up about 28.9% of the global market. But with the impact of the Covid-19, Retail and Ecommerce, Healthcare etc. marked huge growth rate, so the BFSI’s share declined, at the same time, Retail and Ecommerce market share increased to 28.3%.
AI-based product, cloud and mobile technology, biometric authentication, AML related product are the key trends of KYC and ID verification.
Jumio, ID.me, Veriff, Onfido, Trulioo, Sumsub, AU10TIX, Persona, Lightico etc. are the key suppliers in the global KYC and ID verification market. Top 5 took up above 1/3 of the global market.
LPI (LP Information)' newest research report, the “KYC and ID Verification Industry Forecast” looks at past sales and reviews total world KYC and ID Verification sales in 2025, providing a comprehensive analysis by region and market sector of projected KYC and ID Verification sales for 2026 through 2032. With KYC and ID Verification sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world KYC and ID Verification industry.
This Insight Report provides a comprehensive analysis of the global KYC and 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 KYC and ID Verification portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global KYC and ID Verification market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for KYC and 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 KYC and ID Verification.
This report presents a comprehensive overview, market shares, and growth opportunities of KYC and 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
Innovatrics
OneSpan
Ping Identity
Yoti
Please note: The report will take approximately 2 business days to prepare and deliver.
KYC and 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.
KYC and ID verification is mainly classified into the following types: software and services. Services type is the most widely used type who takes up about 64.9% of the global market.
KYC and ID verification has wide range of applications and industries. This report classified them into BFSI, Retail and Ecommerce, Tele and Gaming, Healthcare and Transport, etc. BFSI segment was the most widely used area that took up about 28.9% of the global market. But with the impact of the Covid-19, Retail and Ecommerce, Healthcare etc. marked huge growth rate, so the BFSI’s share declined, at the same time, Retail and Ecommerce market share increased to 28.3%.
AI-based product, cloud and mobile technology, biometric authentication, AML related product are the key trends of KYC and ID verification.
Jumio, ID.me, Veriff, Onfido, Trulioo, Sumsub, AU10TIX, Persona, Lightico etc. are the key suppliers in the global KYC and ID verification market. Top 5 took up above 1/3 of the global market.
LPI (LP Information)' newest research report, the “KYC and ID Verification Industry Forecast” looks at past sales and reviews total world KYC and ID Verification sales in 2025, providing a comprehensive analysis by region and market sector of projected KYC and ID Verification sales for 2026 through 2032. With KYC and ID Verification sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world KYC and ID Verification industry.
This Insight Report provides a comprehensive analysis of the global KYC and 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 KYC and ID Verification portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global KYC and ID Verification market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for KYC and 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 KYC and ID Verification.
This report presents a comprehensive overview, market shares, and growth opportunities of KYC and 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
Innovatrics
OneSpan
Ping Identity
Yoti
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
150 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 KYC and ID Verification Market Size by Player
- 4 KYC and ID Verification by Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Global KYC and ID Verification Market Forecast
- 11 Key Players Analysis
- 12 Research Findings and Conclusion
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