Identity Verification Market Surge to Witness Huge Demand at a CAGR of 15.34 % during the forecast period 2029 .

Global identity verification market was valued at USD 8.41 billion in 2021 and is expected to reach USD 26.34 billion by 2029, registering a CAGR of 15.34% during the forecast period of 2022-2029.

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Identity Verification Market is expected to grow at a CAGR of 15.34 % during the forecast period of 2029 .

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With the wide ranging Identity Verification Market business report, a strong organization can be built which can make better decisions for a successful business. This market research report is very crucial in several ways for business growth and to thrive in the market. It also provides the list of major competitors along with the strategic insights and analysis of the key factors influencing the ICT industry. It enables clients to take strategic decisions and accomplish growth objectives. So, gain thorough analysis of the market structure and forecast of the various segments and sub-segments of the market with an outstanding Identity Verification Market research report.

Global Identity Verification Market, By Application (Credit Card Fraud, Bank Fraud, Phone or Utility Fraud, Employment or Tax-related Fraud), Component (Solution and Services), Type (Non-Biometrics and Biometrics), Deployment Mode (On-Premise and Cloud), Organization Size (Large Enterprises and SME’S), Vertical (BFSI, Government Defense, Energy Utilities, Retail Ecommerce, IT Telecom, Healthcare, Gaming and Others) – Industry Trends and Forecast to 2029.


Global Identity Verification Market Analysis and Size

Secure identity verification is sought after by many institutions operating in the digital domain due to an increase in fraudulent paper work and falsified personal identity certificates. 

This identity verification market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. 

Global Identity Verification Market Definition

Identification verification refers to the services and products used to confirm the validity of a person's physical identity or their documentation, such as a driver's licence, passport, or another identity document that is issued nationwide. Identity verification is a crucial procedure that makes sure a person's identity corresponds to what it should.

Global Identity Verification Market Scope

The identity verification market is segmented on the basis of application, component, type, deployment mode, organization size and vertical. 


  • Credit Card Fraud
  • Bank Fraud
  • Phone or Utility Fraud


  • Solutions
  • Services


  • Non-Biometrics
  • Biometrics

Deployment Type

  • On-Premise
  • Cloud

Organization Size

  • Small and Medium-Sized Enterprises
  • Large Enterprises


  • BFSI
  • Government Defense
  • Energy Utilities

Competitive Landscape and Identity Verification Market Share Analysis

Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. 

The major areas covered in the universal Identity Verification Marketing report include market definition, market segmentation, competitive analysis and research methodology. Competitor analysis is a vital aspect of any market research report which focuses on strong and weak points of the competitors and also analyses their strategies with respect to product and market. The use of the newest and advanced tools and techniques used for this report makes it the finest in the class. Thus, today’s businesses highly demand the market research analysis before taking any verdict about the products. To succeed in this promptly changing market place, businesses must take up the market research report solution such as Identity Verification Market research report.

Some of the major players operating in the Identity Verification Market are

  • Experian Information Solutions, Inc. (Ireland)
  • B. Group plc (‘GBG’) (U.K.)
  • Equifax, Inc. (U.S.)
  • Mitek Systems, Inc. (U.S.)
  • Thales (France)
  • LexisNexis Risk Solutions Group. (U.S.)
  • Onfido (U.K.)
  • (Canada)
  • Acuant, Inc. (U.S.)
  • IDEMIA (France)
  • Jumio (U.S.)

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Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview

Chapter Four: Executive Summary

Chapter Five: Premium Insights

Chapter Six: Identity Verification Market

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