Enhanced Due Diligence Market Size, Share, Trends, & Industry Analysis Report By Vertical (BFSI, Government & Public Sector), and By Region – Market Forecast, 2025–2034

The enhanced due diligence market size is expected to reach USD 10.08 Billion by 2034, according to a new study by Polaris Market Research. The report “Enhanced Due Diligence Market Size, Share, Trends, Industry Analysis Report: By Vertical (BFSI, Government & Public Sector), By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Enhanced Due Diligence (EDD) is an advanced level of customer background checking used to assess and manage risks associated with high-risk individuals or entities. It goes beyond standard due diligence by collecting more in-depth information, such as source of funds, ownership structures, and transaction behavior. EDD is commonly applied in anti-money laundering (AML) compliance to prevent financial crimes.

The tightening of international regulatory frameworks such as the FATF guidelines, the EU’s AML directives, and the U.S. Bank Secrecy Act has made Enhanced Due Diligence a legal and operational necessity. Institutions must implement robust AML and Know Your Customer (KYC) processes to avoid heavy penalties and reputational damage. Regulators now demand granular visibility into high-risk clients, source of funds, political exposure, and ongoing risk assessment. EDD plays a crucial role in fulfilling these obligations by providing detailed and auditable data trails. This compliance-driven demand continues to fuel the growth of EDD tools across banking, insurance, fintech, and other regulated sectors.

The rapid expansion of digital banking platforms, neobanks, crypto exchanges, and fintech platforms has created a dynamic and decentralized financial environment. While these innovations offer convenience, they also introduce new risks, such as synthetic identities, cross-border fraud, and anonymous crypto transactions. As digital onboarding and instant payments become standard, financial institutions require scalable and automated EDD solutions that can handle real-time risk assessments. The integration of AI, machine learning, and biometric verification in EDD platforms helps fintech firms detect suspicious behavior and ensure compliance without compromising speed or user experience. This digital evolution is a major catalyst for the EDD market’s growth.

Enhanced Due Diligence Market Report Highlights

BFSI segment is expected to register a CAGR of 10.9% over the forecast period driven by increased in financial frauds and government regulations.

IT and telecommunication segment is expected to witness a substantial share over the forecast period driven by government regulations on data privacy and cybersecurity

North America enhanced due diligence market accounted for 41.54% of global revenue share in 2024 driven by increased in digital banking and strict government laws.

The industry in Asia Pacific is expected to register a CAGR of 11.5% during the forecast period driven by rising cross border transactions.

The key market players are 63 Moons Technologies Ltd.; Acuant; Au10tix; EverCompliant; Financial Software & Systems Pvt. Ltd.; GB Group; GIEOM Business Solutions; IDnow GmbH; Jumio Corporation; Onfido; Panamax Inc.; Pegasystems Inc.; Tata Consultancy Services (TCS); Trulioo; Trust Stamp; Wipro Technologies.

Polaris market research has segmented the enhanced due diligence market report based on vertical and region:

By Vertical (Revenue - USD Billion, 2020–2034)

Banking, Financial Services & Insurance (BFSI)

Government & Public Sector

IT & Telecommunications

Healthcare & Life Sciences

Energy & Utilities

Retail & E-commerce

Real Estate

Transportation & Logistics

Legal & Professional Services

Gaming & Gambling

By Regional Outlook (Revenue - USD Billion, 2020–2034)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Rest of APAC

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of MEA Show more