The global identity verification market generated revenue of US$ 6.2 billion in 2020 and is expected to reach US$ 11.8 billion by 2025 with a CAGR of 13.7% in the forecast period. The identity verification market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report.  The research report offers both qualitative and quantitative information on the global identity verification market. In qualitative terms, the identity verification market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging trends, growth opportunity analysis, porters five-force model analysis and macro-economic factors, segment analysis, regional analysis at a granular level. Similarly, in quantitative terms, the report provides historical and forecast market numbers of identity verification in various segments such as by component, deployment model, enterprise size & industry at global, regional, and country-level.  In addition, the report provides a detailed analysis of the market vendors and their product offerings. The report also covers details of the competitive market environment and includes information on the capabilities and competencies of market vendors.

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Identity Verification Market
Analysis
Global Industry Analysis & Forecast US$
Million, 2019 – 2027

2. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
2
Scope of the Report
 Global Identity Verification Market Analysis ,
By Component
 Solution & Platform/API
 Services
 Professional Services
 Managed Services
 Global Identity Verification Market Analysis , By
Deployment Model
 Cloud Based
 On-Premises
 Global Identity Verification Market Analysis ,
By Enterprise Size
 Large Enterprises
 Small & Medium Enterprises
 Global Identity Verification Market Analysis , By
Industry
 Banking, financial services, and
insurance
 Government and defense
 Retail
 Healthcare
 IT and telecom
 Energy and utilities
 Others
 Global Identity Verification Market Analysis ,
By Region
 North America Identity Verification
Market Analysis
 Europe Identity Verification Market
Analysis
 Asia Pacific Identity Verification Market
Analysis
 Middle East & Africa Identity Verification
Market Analysis
 Latin America Identity Verification
Market Analysis
 Company
 Acuant
 Authenteq
 Equifax
 Experian
 Gemalto
 Idemia
 Idenfy
 Idmerit

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Global Identity Verification Market Analysis
3
Regions Covered
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
S. Korea
Indonesia
Australia & New
Zealand
ASEAN Countries
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

4. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
Global Identity Verification Market Analysis Introduction
4
The global identity verification market generated revenue of US$ 6.2 billion in 2020 and is expected to reach US$ 11.8
billion by 2025 with a CAGR of 13.7% in the forecast period. The identity verification market report offers a
comprehensive market analysis of the different segments and regions that lets readers make crucial business-related
decisions with a wealth of information enclosed in this report. The research report offers both qualitative and
quantitative information on the global identity verification market. In qualitative terms, the identity verification
market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging
trends, growth opportunity analysis, porters five-force model analysis and macro-economic factors, segment analysis,
regional analysis at a granular level. Similarly, in quantitative terms, the report provides historical and forecast market
numbers of identity verification in various segments such as by component, deployment model, enterprise size &
industry at global, regional, and country-level. In addition, the report provides a detailed analysis of the market
vendors and their product offerings. The report also covers details of the competitive market environment and
includes information on the capabilities and competencies of market vendors.
Segment Analysis
Solution segment accounts the dominating position in the market.
Based on components, the identity verification market is segmented into solutions and services. The solution
segment holds the dominating position in the market in 2020 and is expected to retain its dominance throughout
the forecast period. The service segment is further segmented into professional and managed services. The
professional service segment accounts the dominant position in the market in 2020 whereas the managed
service segment is expected to grow with the highest CAGR in the forecast period.

5. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
Global Identity Verification Market Analysis Introduction
5
Banking, financial services, and insurance segment account the dominating position in the market.
Based on industry, the market for identity verification is segmented into, Banking, financial services, and
insurance (BFSI), Government and defense, Retail, Healthcare, IT and telecom, Energy and utilities, others. Over
the projection period, Banking, financial services, and insurance (BFSI) vertical is expected to lead the market
with the highest share. The retail sector is expected to develop at the highest rate in the global identity
verification market.
Cloud based deployment model is expected to grow with the highest CAGR in the forecast period.
Based on deployment model, the identity verification market is segmented into on-premises and cloud based.
The cloud based deployment model is expected to grow with the highest CAGR during the forecast period. In
addition, on-premises hold a dominant market position in 2020 and are expected to remain dominant over the
forecast period.
Large Enterprises segment accounts the dominating position in the market.
Based on enterprise size, the identity verification market is segmented into small & medium enterprises and large
enterprises. The small & medium enterprises segment is expected to grow with the highest CAGR during the
forecast period. Moreover, the large enterprise segment holds the dominating position in the market in 2020 and
is expected to retain its dominance throughout the forecast period.
North America accounts the dominating position in the market.
Based on the region, the identity verification market is segmented into North America, Europe, Asia Pacific,
Middle East & Africa, and Latin America. North America is expected to contribute the larger market share in 2020.

6. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
Global Identity Verification Market Analysis Introduction
6
The United States and Canada are the largest market-driven countries in this region. Moreover, Asia Pacific is
projected to rise at the fastest CAGR in the forecast period. China, India, and Japan are some of the major
market-driven countries in the world.
Identity Verification Market Players:
Some of the major players of identity verification market are Acuant, Authenteq, Equifax, Experian, Gemalto,
Idemia, Idenfy, Idmerit, Jumio, Mitek Systems. The study also focuses on different business or inorganic market
growth strategies through technology advancement, business expansion, alliances and mergers and acquisitions
to create disruptive technologies and consumer networks.
Key questions the report answers
Which factors will contribute to a change in the demand for identity verification during the evaluation phase?
What are the major driving factors that accelerate the growth of the market?
What are the restraints which hinders the growth of the market?
What segment offers the most development opportunities?
Which region provides the key growth opportunity to the market?
Who are the major industry players?
What are the key strategies adopted by the market players?

7. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
Global Identity Verification Market Analysis Introduction
Global Identity Verification Market Analysis Size, US$ Million
(2020 – 2027)
XX XX
XX
XX
XX
XX
XX XX
XX
2019 2020 2021 2022 2023 2024 2025 2026 2027
Global Identity Verification Market Analysis Opportunity Analysis
Size, US$ Million (2020 – 2027)
7
Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis
XX%
XX% XX%
XX% XX%
XX%
XX% XX%
XX XX
XX
XX
XX
XX
XX
XX
XX
2019 2020 2021 2022 2023 2024 2025 2026 2027
Total Opportunity

8. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
Global Identity Verification Market Analysis Introduction
Global Identity Verification Market Analysis Share Analysis, by
Component, (2020 & 2027)
Global Identity Verification Market Analysis Share Analysis, by
Deployment Model, (2020 & 2027)
8
Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
Solution & Platform/API Services
Professional Services Managed Services
2020
2027
2020
2027
XX%
XX% XX%
XX%
Cloud Based On-Premises

9. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
Global Identity Verification Market Analysis Introduction
Global Identity Verification Market Analysis Share Analysis, by
Enterprise Size, (2020 & 2027)
Global Identity Verification Market Analysis Share Analysis, by
Industry, (2020 & 2027)
9
Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis
XX%
XX% XX%
XX%
Large Enterprises Small & Medium Enterprises
2020
2027
2020
2027
XX%
XX%
XX%
XX%
XX%
XX%
8.3%
XX%
XX%
XX%
XX%
XX%
XX%
9.7%
Banking, financial services, and insurance
Government and defense
Retail
Healthcare
IT and telecom
Energy and utilities
Others

10. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
Global Identity Verification Market Analysis , by Component
Global Identity Verification Market Analysis Analysis and Forecast, by Component, US$ Million (2020 – 2027)
Component 2019 2020 2021 2022 2023 2024 2025 2026 2027
CAGR % (2020 –
2027)
Solution XX XX XX XX XX XX XX XX XX XX
Services
Managed Services
Professional Services
XX XX XX XX XX XX XX XX XX XX
Total XX XX XX XX XX XX XX XX XX XX
10
Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis

11. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
Global Identity Verification Market Analysis , by Deployment Model
Global Identity Verification Market Analysis Analysis and Forecast, by Deployment Model, US$ Million (2020 – 2027)
Deployment Model 2019 2020 2021 2022 2023 2024 2025 2026 2027
CAGR % (2020 –
2027)
Cloud Based XX XX XX XX XX XX XX XX XX XX
On-Premises XX XX XX XX XX XX XX XX XX XX
Total XX XX XX XX XX XX XX XX XX XX
11
Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis

12. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
Global Identity Verification Market Analysis , by Enterprise Size
Global Identity Verification Market Analysis Analysis and Forecast, by Enterprise Size, US$ Million (2020 – 2027)
Enterprise Size 2019 2020 2021 2022 2023 2024 2025 2026 2027
CAGR % (2020 –
2027)
Large Enterprises XX XX XX XX XX XX XX XX XX XX
Small & Medium
Enterprises
XX XX XX XX XX XX XX XX XX XX
Total XX XX XX XX XX XX XX XX XX XX
12
Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis

13. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
Global Identity Verification Market Analysis , by Industry
Global Identity Verification Market Analysis Analysis and Forecast, by Industry, US$ Million (2020 – 2027)
Industry 2019 2020 2021 2022 2023 2024 2025 2026 2027
CAGR % (2020 –
2027)
Banking, financial
services, and insurance
XX XX XX XX XX XX XX XX XX XX
Government and defense XX XX XX XX XX XX XX XX XX XX
Retail XX XX XX XX XX XX XX XX XX XX
Healthcare XX XX XX XX XX XX XX XX XX XX
IT and telecom XX XX XX XX XX XX XX XX XX XX
Energy and utilities XX XX XX XX XX XX XX XX XX XX
Others XX XX XX XX XX XX XX XX XX XX
Total XX XX XX XX XX XX XX XX XX XX
13
Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis

14. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
Global Identity Verification Market Analysis , by Region
14
XX
XX XX
XX XX
XX
XX
XX
XX XX
North America Europe Asia Pacific Middle East & Africa Latin America
US$ Million
2020 2027
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX% XX%
North America
Europe
Asia Pacific
Middle East & Africa
Latin Maerica
2020
2027
Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis

15. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
Global Identity Verification Market Analysis , by Region
Global Identity Verification Market Analysis Analysis and Forecast, by Region, US$ Million (2020 – 2027)
Region 2019 2020 2021 2022 2023 2024 2025 2026 2027
CAGR % (2020 –
2027)
North America XX XX XX XX XX XX XX XX XX XX
Europe XX XX XX XX XX XX XX XX XX XX
Asia Pacific XX XX XX XX XX XX XX XX XX XX
Middle East & Africa XX XX XX XX XX XX XX XX XX XX
Latin America XX XX XX XX XX XX XX XX XX XX
Total XX XX XX XX XX XX XX XX XX XX
15
Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis

16. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis , Company Share Analysis, 2020 (%)
16
Global Identity Verification Market Analysis
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
Acuant Authenteq
Equifax Experian
Gemalto Idemia
Idenfy Idmerit
Jumio Mitek Systems
Others

17. © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Identity Verification Market Analysis
17
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