Document Verification Market Report 2026

The document verification market size has grown rapidly in recent years. It will grow from $5.05 billion in 2025 to $6.03 billion in 2026 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to increasing digital transaction volumes, rising instances of identity fraud, adoption of electronic documentation processes, growing regulatory scrutiny on kyc compliance, expansion of online financial services.

The document verification market size is expected to see rapid growth in the next few years. It will grow to $11.5 billion in 2030 at a compound annual growth rate (CAGR) of 17.5%. The growth in the forecast period can be attributed to increasing demand for real-time verification solutions, rising adoption of biometric authentication, expansion of digital government services, growing reliance on cloud-based verification platforms, increasing cross-border digital transactions. Major trends in the forecast period include increasing adoption of AI-based identity validation, rising use of automated ocr and data extraction, growing integration of multi-layer fraud detection, expansion of remote digital onboarding solutions, enhanced focus on compliance-driven verification.

The increasing concerns over identity theft and fraud are expected to drive the expansion of the document verification market in the coming years. Identity theft and fraud involve the unauthorized acquisition and use of another individual's personal or financial information for financial benefit. The extensive use of online services, social media, and e-commerce platforms leads to the accumulation of large amounts of personal data, making it a lucrative target for identity criminals. Document verification systems can simplify the verification process, minimizing the reliance on time-consuming and error-prone manual checks. For example, in April 2025, the Federal Bureau of Investigation (FBI), a US-based government agency, reported that cybercrime complaints reached 859,532 in 2024, with losses exceeding $16.6 billion, marking a 33% increase from 2023. Consequently, rising concerns about identity theft and fraud are fueling the growth of the document verification market.

Major companies operating in the document verification market are concentrating on developing innovative solutions such as AI-powered identity verification platforms to improve accuracy, speed, and security, while minimizing fraud and enhancing the overall customer onboarding experience. AI-powered identity verification platforms are digital systems that utilize artificial intelligence technologies to verify and authenticate individuals’ identities efficiently, accurately, and securely, supporting streamlined KYC processes, fraud prevention, and smooth onboarding across various industries. For example, in April 2025, AuthBridge Research Services Pvt Ltd., an India-based provider of background screening and due diligence solutions, introduced India’s largest AI-powered identity verification platform at the GCC Summit & Awards 2025. The platform is trained on over 1.5 billion proprietary data records and incorporates intelligent agentic AIs, including Profile Aggregator, Quality Control, and Report Generator agents, achieving up to 95% verification accuracy, an approximately 82% reduction in turnaround time, and 24×7 global accessibility, making document verification more reliable and efficient for sectors such as banking, fintech, e-commerce, and the gig economy.

In June 2023, Socure Inc., a US-based company specializing in digital identity verification and fraud prevention, acquired Berbix for $70 million. The acquisition is intended to strengthen Socure's digital identity verification capabilities by incorporating Berbix's highly accurate document verification technology, which includes a patent-pending forensics engine. This strategic acquisition will drive Socure's product innovation and enhance fraud detection, user experience, and verification speed. Berbix Inc. is a US-based company offering advanced document verification solutions.

Major companies operating in the document verification market are Thales Group, Experian Plc, Equifax, Idemia, Truework, Argos, PRM Group, GBG Group, Mitek Systems Inc, Jumio, Checkr, Accurate Background, Pre-employ.com, Ekata, Onfido, Trulioo, Acuant, Shufti Pro, Refinitiv, Authenteq, OPENonline, Sterling Check, The Work Number, ADP Screening And Selection Services Inc.

North America was the largest region in the document verification market in 2025. The regions covered in the document verification market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the document verification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The document verification market includes revenues earned by entities by services such as identity verification, document authentication, fraud detection, digital signature verification, and related services such as know your customer (KYC) compliance, anti-money laundering (AML) screening, and document validation. 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.

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