The new Digital Identity Verification report presents an independent analysis of the landscape and future development of this important market. It provides a comprehensive study of the growth of digital identity verification, as well as the opportunities and challenges it presents. The research includes assessments of different types of authentication and verification in use, and their future prospects, as well as analysis of the future use of AI (Artificial Intelligence) within the market. The report positions 20 vendors via the Competitor Leaderboard; delivering an invaluable resource for stakeholders seeking to understand the complex landscape of this market, and the different digital identity verification solutions available. This research presents a comprehensive market forecast; providing extensive insights and actionable data across the below areas, split by 8 key regions and 60 countries:
Key Takeaways & Strategic Recommendations: Key opportunities for digital identity verification providers are highlighted, and recommendations on how those providers must respond to take advantage of these. The key market trends are also analysed, making this section a must-read for digital identity verification providers, and for businesses requiring the checks.
Benchmark Industry Forecasts: 5-year forecasts are provided for the number of, total value of, and average cost of digital identity verification checks. These are split by banking, eGovernment, eCommerce and other, which are split between checks carried out on mobile devices and online. The data is also split by 8 key regions and 60 countries:
North America:
- Volume of Digital Identity Verification Checks
- Value of Digital Identity Verification Checks
- Average Cost of Digital Identity Verification per Check
- Banking
- eGovernment
- eCommerce
- Other
- Market Trends & Strategies (PDF)
- Competitor Leaderboard (PDF)
- Data & Forecasts (PDF & Excel)
- 12 Month Access to harvest Online Data Platform
Key Statistics
- $61bn - Volume of verification checks in 2023
- $71bn - Volume of verification checks in 2024
- 16% - 2023 to 2024 total growth
- 2023-2028 - Forecast period
Key Features
Market Landscape, Segment Analysis, Verification Types: Provides an in-depth analysis of the landscape and the key trends shaping it, such as AI and ML (machine learning) use in authentication, and a growing number of different verification strategies. It also looks at industry-specific needs and opportunities in its segment analysis, as well as including a breakdown of the predominant and emerging verification methods, such as facial recognition, and how digital identity verification must combat identity theft while maintaining user experience.Key Takeaways & Strategic Recommendations: Key opportunities for digital identity verification providers are highlighted, and recommendations on how those providers must respond to take advantage of these. The key market trends are also analysed, making this section a must-read for digital identity verification providers, and for businesses requiring the checks.
Benchmark Industry Forecasts: 5-year forecasts are provided for the number of, total value of, and average cost of digital identity verification checks. These are split by banking, eGovernment, eCommerce and other, which are split between checks carried out on mobile devices and online. The data is also split by 8 key regions and 60 countries:
North America:
- Canada, US
- Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay
- Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK
- Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine
- China, Hong Kong, Japan, South Korea
- Bangladesh, India, Nepal, Pakistan
- Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam
- Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates
Competitor Leaderboard: Key player capability assessment of 20 digital identity verification providers, via the Competitor Leaderboard:
- Callsign
- Entrust
- Experian
- G+D
- GBG
- IDEMIA
- iProov
- Jumio
- KYC-Chain
- LexisNexis Risk Solutions
- Microsoft
- Onfido
- Ping Identity
- SecureKey Technologies
- Signicat
- Socure
- Subex
- Thales
- Trulioo
- Veriff
Research Deliverables
- Market Data & Forecasting Report - The numbers tell you what's happening, but our written report details why, alongside the methodologies.
- harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.
- harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.
- Market Trends & Strategies Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations.
- Competitor Leaderboard Report - Provides a visual representation of the competitive positioning of the leaders within the market.
