Global Identity Verification Market

An identity verification service is used by businesses to ensure that users or customers provide information that is associated with the identity of a real person. According to market research study published by Gen Consulting Company, the market size of the global identity verification sector is expected to rise by USD 8.0 billion with a CAGR of 11.2% by the end of 2028.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global identity verification market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the identity verification industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the component, deployment mode, organization size, end user, and region. The global market for identity verification can be segmented by component: solutions, services. The solutions segment captured the largest share of the market in 2021. Identity verification market is further segmented by deployment mode: on-premises, cloud-based. The cloud-based segment held the largest share of the global identity verification market in 2021 and is anticipated to hold its share during the forecast period. Based on organization size, the identity verification market is segmented into: large enterprises, small and medium-sized enterprises (SMEs). In 2021, the large enterprises segment made up the largest share of revenue generated by the identity verification market. On the basis of end user, the identity verification market also can be divided into: BFSI, government & defense, healthcare, IT & telecom, retail, transportation, others. Among these, the BFSI segment was accounted for the highest revenue generator in 2021. Identity verification market by region is categorized into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America.

By component:
– solutions
– services

By deployment mode:
– on-premises
– cloud-based

By organization size:
– large enterprises
– small and medium-sized enterprises (SMEs)

By end user:
– government & defense
– healthcare
– IT & telecom
– retail
– transportation
– others

By region:
– North America
– Europe
– Asia-Pacific
– MEA (Middle East and Africa)
– Latin America

The global identity verification market report offers detailed information on several market vendors, including Acuant Inc., Authenteq Ltd., Equifax Inc., Experian plc, GB Group plc, IDEMIA Group S.A.S., Intellicheck, Inc., Jumio Corporation, LexisNexis Risk Solutions Inc., Mastercard Inc., Mitek Systems Inc., Neustar Inc. (TransUnion LLC), Nuance Communications Inc., Onfido Limited, Thales S.A., Trulioo Information Services Inc., Veriff OU, among others.

Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global identity verification market.
– To classify and forecast the global identity verification market based on component, deployment mode, organization size, end user, region.
– To identify drivers and challenges for the global identity verification market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global identity verification market.
– To identify and analyze the profile of leading players operating in the global identity verification market.

Why Choose This Report
– Gain a reliable outlook of the global identity verification market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.

Global Identity Verification Market

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Global Identity Verification Market - Report Scope


Base Year


Forecast Year


CAGR (2022-2028)




Key Players

Broadcom Inc., Cisco Systems Inc., FireEye Inc., Fortinet Inc., IBM Corporation, LogRhythm Inc., McAfee Corp., RSA Security LLC, Splunk Inc., The Hewlett Packard Enterprise Company

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