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Address Verification Software Global Market Report 2025
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Address verification software is a technology designed to validate and correct postal addresses entered by users, ensuring accuracy and completeness. Its primary purpose is to help businesses improve delivery efficiency and enhance customer communication by ensuring the reliability of address data.

The main types of products included in address verification software are cloud-based and on-premise. Cloud-based products are deployed using one or more cloud-based hosting models. Various subscription options, including one-time licenses, monthly, quarterly, and yearly, are available for use on personal computers, laptops, smartphones, and other devices. These applications are employed by both large enterprises and small and medium-sized enterprises.

The address verification software market research report is one of a series of new reports from The Business Research Company that provides address verification software market statistics, including address verification software industry global market size, regional shares, competitors with a address verification software market share, detailed address verification software market segments, market trends and opportunities, and any further data you may need to thrive in the address verification software industry. This address verification software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The address verification software market size has grown strongly in recent years. It will grow from $1.71 billion in 2024 to $1.84 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to customer experience enhancement, fraud prevention measures, efficiency in mail and shipping services, reduction in failed deliveries, integration in crm and ERP systems.

The address verification software market size is expected to see strong growth in the next few years. It will grow to $2.62 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to remote work and virtual services, AI and machine learning integration, expansion in healthcare and finance, focus on data accuracy and quality, rapid urbanization and address changes. Major trends in the forecast period include focus on user experience, industry-specific solutions, address verification for IoT, blockchain for data security, geocoding and location intelligence.

The growing travel and tourism industries are anticipated to drive the expansion of the address verification software market. Travel and tourism refer to the activities undertaken by individuals or groups who travel away from their usual residence for leisure, exploration, business, or other purposes. Address verification software is utilized within these industries to improve booking accuracy and streamline customer communications by ensuring that reservation and travel itinerary details are correct. For example, in January 2024, the United Nations World Tourism Organization, based in Spain and dedicated to promoting tourism, reported that global tourism receipts reached USD 1.4 trillion in 2023, contributing USD 3.3 trillion to the world economy, which is about 3% of global GDP. By mid-2024, international tourist numbers increased by 11%, with 790 million travelers recorded. Consequently, the growth of the travel and tourism sectors is driving demand for address verification software.

The increasing trend of e-commerce and online transactions is projected to drive the growth of the address verification software market in the future. In the realm of e-commerce, ensuring that products are delivered to the correct address is vital. Address verification software aids in preventing shipping errors by validating addresses provided by customers in real time. This functionality significantly reduces the likelihood of packages being sent to incorrect addresses, which can lead to costly returns and customer dissatisfaction. For example, in August 2024, the United States Census Bureau, a government agency, reported that U.S. retail e-commerce sales for the second quarter of 2024 reached approximately $282.3 billion, reflecting a 5.3% increase compared to the first quarter of 2023. Thus, the rising trend of e-commerce and online transactions is a key driver for the growth of the address verification software market.

Major players in the address verification software market are increasingly prioritizing advancements in artificial intelligence and machine learning technologies to improve data accuracy and streamline the verification process, thereby enhancing customer experiences and minimizing fraudulent activities. One innovative verification program allows users to upload a government-issued ID, which is then cross-checked against trusted third-party databases to obtain a verified badge. For example, in September 2024, Uber Technologies, Inc., a U.S.-based transportation company, introduced a new rider verification program as a safety measure for drivers across the United States. This program enables users to verify their identity through third-party databases or by uploading government-issued IDs for enhanced security. The initiative aims to bolster safety for both drivers and riders, reducing instances of fraud and ensuring a more secure ride-sharing experience.

In April 2024, Entrust Corp., a U.S.-based software company, acquired Onfido for an undisclosed amount. This acquisition is part of Entrust's strategy to bolster its address verification software capabilities by integrating advanced identity verification technologies, such as biometrics and artificial intelligence. This move aims to provide comprehensive security solutions that effectively address the increasing challenges of identity fraud in a digital-first environment. Onfido, a UK-based technology company, specializes in digital identity verification and authentication solutions.

Major companies operating in the address verification software market report are Rakuten Inc., Stripe Inc., Experian PLC, Pitney Bowes Inc., GB Group PLC, SmartSoft Inc., Ekata Inc., Melissa Data Corporation, Simpler Postage Inc., BCC Software LLC, TrueNorth Credit Solutions LLC, DQE Software SAS, Strikeiron LLC, Datatech SmartSoft Software Inc., Data8 Limited, AccuZIP Inc., Acme Associates Pte. Ltd., Anchor Software LLC, Byteplant Technologies Private Limited, ComplyCube Ltd., DataMatch Software Inc., Global-Z International Inc., PostGrid Inc., SmartyStreets LLC, WinPure Ltd., Woosmap SAS, Prism Data Services Inc., Addressy Inc., Egon

North America was the largest region in the address verification software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the address verification software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the address verification software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The address verification software market includes revenues earned by entities by providing data quality control, geographic maps, API integration, and real-time verification. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Address Verification Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on address verification software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Where is the largest and fastest growing market for address verification software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The address verification software market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Scope

Table of Contents

1. Executive Summary

2. Address Verification Software Market Characteristics

3. Address Verification Software Market Trends And Strategies

4. Address Verification Software Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Address Verification Software Growth Analysis And Strategic Analysis Framework

6. Address Verification Software Market Segmentation

7. Address Verification Software Market Regional And Country Analysis

8. Asia-Pacific Address Verification Software Market

9. China Address Verification Software Market

10. India Address Verification Software Market

11. Japan Address Verification Software Market

12. Australia Address Verification Software Market

13. Indonesia Address Verification Software Market

14. South Korea Address Verification Software Market

15. Western Europe Address Verification Software Market

16. UK Address Verification Software Market

17. Germany Address Verification Software Market

18. France Address Verification Software Market

19. Italy Address Verification Software Market

20. Spain Address Verification Software Market

21. Eastern Europe Address Verification Software Market

22. Russia Address Verification Software Market

23. North America Address Verification Software Market

24. USA Address Verification Software Market

25. Canada Address Verification Software Market

26. South America Address Verification Software Market

27. Brazil Address Verification Software Market

28. Middle East Address Verification Software Market

29. Africa Address Verification Software Market

30. Address Verification Software Market Competitive Landscape And Company Profiles

31. Address Verification Software Market Other Major And Innovative Companies

32. Global Address Verification Software Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Address Verification Software Market

34. Recent Developments In The Address Verification Software Market

35. Address Verification Software Market High Potential Countries, Segments and Strategies

36. Appendix

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