Identity Verification Market Scope And Analysis

Report Code : TIPRE00005017
Category : Technology, Media and Telecommunications

Status : Published
No. of Pages : 212

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Identity Verification Market Scope, Growth, Size and Share by 2030

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Identity Verification Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 9.16 Billion
Market Size by 2030	US$ 31.95 Billion
Global CAGR (2022 - 2030)	16.9%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Component Solution and Services By Deployment On-Premise and Cloud By Enterprise Size Large Enterprises and SMEs By Type Biometric Verification Online Verification Knowledge-Based Authentication
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Trulioo Onfido Mitek Systems Inc IDology Authenteq Experian Plc Thales SA IDEMIA Jumio Corporation

Identity Verification Market Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the Identity Verification Market. A few recent key Identity Verification Market developments are listed below:

In September 2023, UK-based Know Your Customer (KYC) marketplace company Magic partnered with automated identity verification provider Onfido. The primary goal of the joint venture is to offer both document and biometric verification services for KYC processes and, consequently, help mitigate fraud.
In March 2023, Mitek, a global leader in digital identity verification, joined the Open Identity Exchange (OIX), a global community for all ID sector stakeholders to connect and collaborate, developing the guidance needed for interoperable, trusted digital identities.
In January 2023, Trulioo launched an industry-defining global identity platform for person and business verification. The Trulioo platform showcases the company's expertise and innovation in helping businesses worldwide build trusted user experiences while achieving regulatory compliance and optimizing growth.
In August 2023, Canada-based Trulioo has added new capabilities to its Workflow Studio platform for faster identity verification, while new deals for Shufti Pro and iDenfy and a product launch from Vouched demonstrate the broad applicability of selfie biometrics.