Digital Identity Verification Market, By Authentication Type, By Industry Vertical, By Geography

Description

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

Digital Identity Verification Market - IMG1

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

Product Code: CMI7826

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)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Authentication Type , 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Industry Vertical , 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Authentication Type , 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Industry Vertical , 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Authentication Type , 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Industry Vertical , 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Authentication Type , 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Industry Vertical , 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Authentication Type , 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Industry Vertical , 2020 - 2032, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Authentication Type , 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Industry Vertical , 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

7. Competitive Landscape

IDEMIA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Thales Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Jumio Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
LexisNexis Risk Solutions
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Experian PLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Onfido
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Acuant, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mitek Systems, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Shufti Pro
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Trulioo
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Equifax
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Authenteq
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
GBG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
IDMERIT
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Idenfy
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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