Identity Verification Market on Track for 11.2% CAGR Growth | Demand & Technological Trends

MarkNtel Advisors recently published a detailed industry analysis of the Global Identity Verification Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Identity Verification Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2029

The Identity Verification Market is projected to grow at a CAGR of around 11.2% during the forecast period, i.e., 2024-2029.

Key Findings in Global Identity Verification Market:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2029

Leading Market Players- LexisNexis Risk Solutions, Experian Information Solution, Inc., Equifax, Thales, GBG Plc., MasterCard, Trans Union LLC, Trulioo, Mitek System Inc., Jumio, Idfy, SigniCat, Veriff, PXL Vision AG , SumSub,

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Identity Verification Market?

Surging Adoption of Digitalization Augmenting the Market Growth – The rapid shift toward digital services and online interactions across end-user industries has spurred the demand for efficient & secure identity verification solutions. The global market is witnessing a profound transformation fueled by the need to combat identity theft, fraud, and stringent regulatory requirements. As businesses increasingly adopt digital platforms for customer interactions, from e-commerce to financial services & telehealth, the importance of robust identity verification has been growing in recent years.

Also, witnessing the increasing demand, key market players such as DocuSign, iDenfy, etc., are increasingly working to develop cutting-edge identity verification technologies, including Biometric, document authentication, and Blockchain-based solutions, to ensure seamless and frictionless user experiences while ensuring the highest level of security. This rising development in the Identity Verification Market would increase the adoption of technology & enhance the growth in the forecast years.

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

https://www.marknteladvisors.com/query/request-sample/identity-verification-market.html

What segments define the Global Identity Verification Market from 2024 to 2029? How do these segments contribute to market dynamics and growth?

By Component

• Solution- Market Size & Forecast 2019-2029F, (USD Million)
• Service- Market Size & Forecast 2019-2029F, USD Million

By Type

• Biometric- Market Size & Forecast 2019-2029F, USD Million
• Non-Biometric- Market Size & Forecast 2019-2029F, USD Million

By Mode of Deployment

• Cloud - Market Size & Forecast 2019-2029F, USD Million
• On-Premises - Market Size & Forecast 2019-2029F, USD Million

By Organization Size

• Large Enterprises - Market Size & Forecast 2019-2029F, USD Million
• Small & Medium Enterprises - Market Size & Forecast 2019-2029F, USD Million

According to report, Large enterprise is anticipated to grab a substantial share of the Identity Verification Market.

By Application

• Access Control and User Monitoring - Market Size & Forecast 2019-2029F, USD Million
• Know your Customer and Business, Onboarding - Market Size & Forecast 2019-2029F, USD Million
• Identity Fraud and Compliance and Forensic- Market Size & Forecast 2019-2029F, USD Million

By End-User

• BFSI - Market Size & Forecast 2019-2029F, USD Million
• E-commerce & Retail - Market Size & Forecast 2019-2029F, USD Million
• Defense- Market Size & Forecast 2019-2029F, USD Million
• Healthcare- Market Size & Forecast 2019-2029F, USD Million
• IT Services- Market Size & Forecast 2019-2029F, USD Million
• Others (Telecom, Gaming, etc.) - Market Size & Forecast 2019-2029F, USD Million

According to report, The BFSI segment dominated the Identity Verification Market during the historical years and this trend is predicted to be followed in the forecast years as well.

Explore the Complete Global Identity Verification Market Analysis Report – https://www.marknteladvisors.com/research-library/identity-verification-market.html

Geographical Analysis: Global Identity Verification Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

  Global Identity Verification Market Recent Development:

• 2023: Thales announced a partnership with Kyndryl to provide French businesses and institutions with better protection for their computer systems, technology, and operational equipment.
• 2023: Equifax announced a strategic partnership with Mitek Systems Inc., to add Mitek’s biometric-based identity verification and liveness detection technology to Equifax’s digital identity software, and strengthen Equifax’s portfolio offering for identity verification globally.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Identity Verification Market?
• How is the Global Identity Verification Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/identity-verification-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

More Research Studies Report:

-Biocomposites Market size was valued at around USD 36.9 billion in 2025 and is projected to reach USD 89 billion by 2029 with a CAGR of around 111.2%.

-Green Solvents Market size was valued at around USD 1.34 billion in 2025 & is projected to reach USD 1.87 billion by 2029 with a CAGR of around 5.7%.

For Media Inquiries, Please Contact:

Email: sales@marknteladvisors.com

Trending Blogs : www.marknteladvisors.com/blogs

Export-import Data : https://www.marknteladvisors.com/export-import-data