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Thales Group
Jumio Corporation
LexisNexis Risk Solutions
Experian PLC
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Mitek Systems, Inc.
Shufti Pro
Trulioo
Equifax
Authenteq
GBG
IDMERIT
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Global Digital Identity Verification Market is estimated to be valued at US$ 13.78 Bn in 2025 and is expected to reach US$ 39.66 Bn by 2032, growing at a compound annual growth rate (CAGR) of 16.3% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 13.78 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
16.30%
2032 Value Projection:
USD 39.66 Bn
Figure. Digital Identity Verification Market Share (%), By Region 2025
The growing need for identity verification and authentication has accelerated the adoption of digital identity solutions globally. Various entities are leveraging digital identity verification methods to reduce fraud, minimize risks, and ensure secure transactions. Digital identity relies on online identification rather than physical documentation for authentication. It allows identity providers to verify users using credentials, knowledge-based questions or biometrics. Technologies, such as facial recognition, fingerprint scanning, digital signatures, OCR, and machine learning are being increasingly used for identity proofing. The global digital identity verification market is expected to witness substantial growth over the coming years due to stringent regulations, proliferation of online transactions, and increased focus on enhancing customer experience.
Market Dynamics:
The global digital identity verification market is driven by growing digitalization, rising online transactions and strict norms regarding identity verification. The COVID-19 pandemic has further boosted digital transformation and online activities, fueling the demand for robust identity verification solutions. However, data privacy concerns and lack of standards pose significant challenges. Cyber risks and threat of breaches can undermine the adoption of digital identity services. Meanwhile, the integration of advanced technologies such as Blockchain, biometrics, and AI/ML present promising opportunities. Use of digital identities can help organizations minimize risks, reduce costs, and improve operational efficiency. Growing mobile connectivity in developing nations is also expanding the potential scope of digital identity verification worldwide.
Key Features of the Study:
This report provides in-depth analysis of the global digital identity verification market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global digital identity verification market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include IDEMIA, Thales Group, Jumio Corporation, LexisNexis Risk Solutions, Experian PLC, Onfido, Acuant, Inc., Mitek Systems, Inc., Shufti Pro, Trulioo, Equifax, Authenteq, GBG, IDMERIT, and Idenfy
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global digital identity verification market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global digital identity verification market
Market Segmentation
Authentication Type Insights (Revenue, USD Bn, 2020 - 2032)
Single-factor Authentication
Multi-factor Authentication
Industry Vertical Insights (Revenue, USD Bn, 2020 - 2032)
Banking, Financial Services, and Insurance (BFSI)
Government & Defense
Healthcare
IT & Telecom
Retail and E-commerce
Others
Regional Insights (Revenue, USD Bn, 2020 - 2032)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Company Profiles:
IDEMIA
Thales Group
Jumio Corporation
LexisNexis Risk Solutions
Experian PLC
Onfido
Acuant, Inc.
Mitek Systems, Inc.
Shufti Pro
Trulioo
Equifax
Authenteq
GBG
IDMERIT
Idenfy
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Digital Identity Verification Market, By Authentication Type
Global Digital Identity Verification Market, By Industry Vertical
Global Digital Identity Verification Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Digital Identity Verification Market, By Authentication Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Single-factor Authentication
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Multi-factor Authentication
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Digital Identity Verification Market, By Industry Vertical, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Banking, Financial Services, and Insurance (BFSI)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Government & Defense
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
IT & Telecom
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Retail and E-commerce
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Digital Identity Verification Market, By Region, 2020 - 2032, Value (USD Bn)
Introduction
Market Share (%) Analysis, 2025,2028 & 2032, Value (USD Bn)