U.S. Identity Verification Market Size & Outlook, 2022-2030
U.S. Identity Verification Market, 2018-2030 (US$M)
Global Market
Related Markets
U.S. identity verification market highlights
- The U.S. identity verification market generated a revenue of USD 2,737.0 million in 2023 and is expected to reach USD 6,534.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Identity verification market data book summary
| Market revenue in 2023 | USD 2,737.0 million |
| Market revenue in 2030 | USD 6,534.5 million |
| Growth rate | 13.2% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Thales, TransUnion, Intellicheck Inc, Mitek Systems Inc, GB Group PLC, Experian PLC, Equifax Inc, Acuant, IDEMIA, Nuance Communications |
Other key industry trends
- In terms of revenue, U.S. accounted for 23.8% of the global identity verification market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. identity verification market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,902.3 million by 2030.
The integration of artificial intelligence (AI) with immersive technologies is enhancing personalization and interactivity, making applications more engaging across various sectors. The expansion of 5G networks is also pivotal, enabling faster data transfer and lower latency for mobile AR applications.
Moreover, there is a notable increase in the use of VR for training and simulation in healthcare and education in U.S., as organizations seek innovative solutions to improve learning outcomes and operational efficiency.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
Identity Verification Market Scope
Identity Verification Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Thales | View profile | 81,000 | 4, rue de la Verrerie, Meudon, France, 92190 | www.thalesgroup.com |
| TransUnion | View profile | 13,200 | 555 West Adams Street, Chicago, IL, United States, 60661 | www.transunion.com |
| Intellicheck Inc | View profile | 51 | 200 Broad Hollow Road, Suite 207, Melville, NY, United States, 11747 | www.intellicheck.com |
| Mitek Systems Inc | View profile | 590 | 600 B Street, Suite 100, San Diego, CA, United States, 92101 | www.miteksystems.com |
| GB Group PLC | View profile | 1,250 | The Foundation, Herons Way, Chester Business Park, Chester, United Kingdom, CH4 9GB | www.gbgplc.com |
| Experian PLC | View profile | 22,500 | Fenian Street, 2 Cumberland Place, Dublin, Ireland, D02 HY05 | www.experianplc.com |
| Equifax Inc | View profile | 14,900 | 1550 Peachtree Street N.W., Atlanta, GA, United States, 30309 | www.equifax.com |
| Acuant | View profile | 101-250 | Los Angeles, California, United States, North America | www.acuant.com/ |
| IDEMIA | View profile | 10001+ | Courbevoie, Ile-de-France, France, Europe | www.idemia.com/ |
| Nuance Communications | View profile | 5001-10000 | Burlington, Massachusetts, United States, North America | www.nuance.com |
U.S. Identity Verification Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Identity Verification Market Outlook will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 71.3% in 2023.
Horizon Databook has segmented the U.S. identity verification market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
The integration of artificial intelligence (AI) with immersive technologies is enhancing personalization and interactivity, making applications more engaging across various sectors. The expansion of 5G networks is also pivotal, enabling faster data transfer and lower latency for mobile AR applications.
Moreover, there is a notable increase in the use of VR for training and simulation in healthcare and education in U.S., as organizations seek innovative solutions to improve learning outcomes and operational efficiency.
- U.S. Identity Verification Market Component Outlook (Revenue, USD Million , 2018-2030)
- Solutions
- Services
- U.S. Identity Verification Market Type Outlook (Revenue, USD Million , 2018-2030)
- Biometrics
- Non-Biometrics
- U.S. Identity Verification Market Deployment Outlook (Revenue, USD Million , 2018-2030)
- On-premises
- Cloud
- U.S. Identity Verification Market Organization Size Outlook (Revenue, USD Million , 2018-2030)
- SMEs
- Large Enterprises
- U.S. Identity Verification Market Vertical Outlook (Revenue, USD Million , 2018-2030)
- BFSI
- Government & Defense
- Healthcare & Life Sciences
- Retail & E-commerce
- IT & ITES
- Energy & Utilities
- Others
Reasons to subscribe to Identity Verification Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Identity Verification Market Outlook databook
- Our clientele includes a mix of Identity Verification Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. Identity Verification Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Identity Verification Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.S. Identity Verification Market, 2018-2030 (US$M)
U.S. identity verification market statistics, by component, 2018-2030 (US$M)
