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Global KYC and ID Verification Market Research Report 2024
Synopsis
KYC and ID Verification is the process of ensuring that current or prospective customers are who they claim to be, and aren't engaging in illicit business through the financial institution.
The global KYC and ID Verification market was valued at US$ 1649.9 million in 2023 and is anticipated to reach US$ 17290 million by 2030, witnessing a CAGR of 37.8% during the forecast period 2024-2030.
Jumio is the largest producer of KYC and ID verification in the world, which has a share nearly 15%. North America is the largest consumption market of KYC and ID verification in the world, which accounts for nearly 50% market share. In terms of product, service is the largest segment of KYC and ID verification in the world, which has a share over 50% market share. And in terms of application, retail and ecommerce is the largest segment of application, accounting for nearly 30% market share.
This report aims to provide a comprehensive presentation of the global market for KYC and ID Verification, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding KYC and ID Verification.
Report Scope
The KYC and ID Verification market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global KYC and ID Verification market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the KYC and ID Verification companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Jumio
ID.me
Veriff
Onfido
Trulioo
Sumsub
AU10TIX
Persona
Lightico
Ondato
Passbase
APLYiD
Smile Identity
Berbix
Shufti Pro
Verifai
Cognito
Argos KYC
Segment by Type
Software
Services
Segment by Application
BFSI
Retail and Ecommerce
Tele and Gaming
Healthcare and Transport
Other
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of KYC and ID Verification companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
KYC and ID Verification is the process of ensuring that current or prospective customers are who they claim to be, and aren't engaging in illicit business through the financial institution.
The global KYC and ID Verification market was valued at US$ 1649.9 million in 2023 and is anticipated to reach US$ 17290 million by 2030, witnessing a CAGR of 37.8% during the forecast period 2024-2030.
Jumio is the largest producer of KYC and ID verification in the world, which has a share nearly 15%. North America is the largest consumption market of KYC and ID verification in the world, which accounts for nearly 50% market share. In terms of product, service is the largest segment of KYC and ID verification in the world, which has a share over 50% market share. And in terms of application, retail and ecommerce is the largest segment of application, accounting for nearly 30% market share.
This report aims to provide a comprehensive presentation of the global market for KYC and ID Verification, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding KYC and ID Verification.
Report Scope
The KYC and ID Verification market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global KYC and ID Verification market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the KYC and ID Verification companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Jumio
ID.me
Veriff
Onfido
Trulioo
Sumsub
AU10TIX
Persona
Lightico
Ondato
Passbase
APLYiD
Smile Identity
Berbix
Shufti Pro
Verifai
Cognito
Argos KYC
Segment by Type
Software
Services
Segment by Application
BFSI
Retail and Ecommerce
Tele and Gaming
Healthcare and Transport
Other
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of KYC and ID Verification companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global KYC and ID Verification Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Software
1.2.3 Services
1.3 Market by Application
1.3.1 Global KYC and ID Verification Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 BFSI
1.3.3 Retail and Ecommerce
1.3.4 Tele and Gaming
1.3.5 Healthcare and Transport
1.3.6 Other
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global KYC and ID Verification Market Perspective (2019-2030)
2.2 KYC and ID Verification Growth Trends by Region
2.2.1 Global KYC and ID Verification Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 KYC and ID Verification Historic Market Size by Region (2019-2024)
2.2.3 KYC and ID Verification Forecasted Market Size by Region (2025-2030)
2.3 KYC and ID Verification Market Dynamics
2.3.1 KYC and ID Verification Industry Trends
2.3.2 KYC and ID Verification Market Drivers
2.3.3 KYC and ID Verification Market Challenges
2.3.4 KYC and ID Verification Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top KYC and ID Verification Players by Revenue
3.1.1 Global Top KYC and ID Verification Players by Revenue (2019-2024)
3.1.2 Global KYC and ID Verification Revenue Market Share by Players (2019-2024)
3.2 Global KYC and ID Verification Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by KYC and ID Verification Revenue
3.4 Global KYC and ID Verification Market Concentration Ratio
3.4.1 Global KYC and ID Verification Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by KYC and ID Verification Revenue in 2023
3.5 KYC and ID Verification Key Players Head office and Area Served
3.6 Key Players KYC and ID Verification Product Solution and Service
3.7 Date of Enter into KYC and ID Verification Market
3.8 Mergers & Acquisitions, Expansion Plans
4 KYC and ID Verification Breakdown Data by Type
4.1 Global KYC and ID Verification Historic Market Size by Type (2019-2024)
4.2 Global KYC and ID Verification Forecasted Market Size by Type (2025-2030)
5 KYC and ID Verification Breakdown Data by Application
5.1 Global KYC and ID Verification Historic Market Size by Application (2019-2024)
5.2 Global KYC and ID Verification Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America KYC and ID Verification Market Size (2019-2030)
6.2 North America KYC and ID Verification Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America KYC and ID Verification Market Size by Country (2019-2024)
6.4 North America KYC and ID Verification Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe KYC and ID Verification Market Size (2019-2030)
7.2 Europe KYC and ID Verification Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe KYC and ID Verification Market Size by Country (2019-2024)
7.4 Europe KYC and ID Verification Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific KYC and ID Verification Market Size (2019-2030)
8.2 Asia-Pacific KYC and ID Verification Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific KYC and ID Verification Market Size by Region (2019-2024)
8.4 Asia-Pacific KYC and ID Verification Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America KYC and ID Verification Market Size (2019-2030)
9.2 Latin America KYC and ID Verification Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America KYC and ID Verification Market Size by Country (2019-2024)
9.4 Latin America KYC and ID Verification Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa KYC and ID Verification Market Size (2019-2030)
10.2 Middle East & Africa KYC and ID Verification Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa KYC and ID Verification Market Size by Country (2019-2024)
10.4 Middle East & Africa KYC and ID Verification Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Jumio
11.1.1 Jumio Company Detail
11.1.2 Jumio Business Overview
11.1.3 Jumio KYC and ID Verification Introduction
11.1.4 Jumio Revenue in KYC and ID Verification Business (2019-2024)
11.1.5 Jumio Recent Development
11.2 ID.me
11.2.1 ID.me Company Detail
11.2.2 ID.me Business Overview
11.2.3 ID.me KYC and ID Verification Introduction
11.2.4 ID.me Revenue in KYC and ID Verification Business (2019-2024)
11.2.5 ID.me Recent Development
11.3 Veriff
11.3.1 Veriff Company Detail
11.3.2 Veriff Business Overview
11.3.3 Veriff KYC and ID Verification Introduction
11.3.4 Veriff Revenue in KYC and ID Verification Business (2019-2024)
11.3.5 Veriff Recent Development
11.4 Onfido
11.4.1 Onfido Company Detail
11.4.2 Onfido Business Overview
11.4.3 Onfido KYC and ID Verification Introduction
11.4.4 Onfido Revenue in KYC and ID Verification Business (2019-2024)
11.4.5 Onfido Recent Development
11.5 Trulioo
11.5.1 Trulioo Company Detail
11.5.2 Trulioo Business Overview
11.5.3 Trulioo KYC and ID Verification Introduction
11.5.4 Trulioo Revenue in KYC and ID Verification Business (2019-2024)
11.5.5 Trulioo Recent Development
11.6 Sumsub
11.6.1 Sumsub Company Detail
11.6.2 Sumsub Business Overview
11.6.3 Sumsub KYC and ID Verification Introduction
11.6.4 Sumsub Revenue in KYC and ID Verification Business (2019-2024)
11.6.5 Sumsub Recent Development
11.7 AU10TIX
11.7.1 AU10TIX Company Detail
11.7.2 AU10TIX Business Overview
11.7.3 AU10TIX KYC and ID Verification Introduction
11.7.4 AU10TIX Revenue in KYC and ID Verification Business (2019-2024)
11.7.5 AU10TIX Recent Development
11.8 Persona
11.8.1 Persona Company Detail
11.8.2 Persona Business Overview
11.8.3 Persona KYC and ID Verification Introduction
11.8.4 Persona Revenue in KYC and ID Verification Business (2019-2024)
11.8.5 Persona Recent Development
11.9 Lightico
11.9.1 Lightico Company Detail
11.9.2 Lightico Business Overview
11.9.3 Lightico KYC and ID Verification Introduction
11.9.4 Lightico Revenue in KYC and ID Verification Business (2019-2024)
11.9.5 Lightico Recent Development
11.10 Ondato
11.10.1 Ondato Company Detail
11.10.2 Ondato Business Overview
11.10.3 Ondato KYC and ID Verification Introduction
11.10.4 Ondato Revenue in KYC and ID Verification Business (2019-2024)
11.10.5 Ondato Recent Development
11.11 Passbase
11.11.1 Passbase Company Detail
11.11.2 Passbase Business Overview
11.11.3 Passbase KYC and ID Verification Introduction
11.11.4 Passbase Revenue in KYC and ID Verification Business (2019-2024)
11.11.5 Passbase Recent Development
11.12 APLYiD
11.12.1 APLYiD Company Detail
11.12.2 APLYiD Business Overview
11.12.3 APLYiD KYC and ID Verification Introduction
11.12.4 APLYiD Revenue in KYC and ID Verification Business (2019-2024)
11.12.5 APLYiD Recent Development
11.13 Smile Identity
11.13.1 Smile Identity Company Detail
11.13.2 Smile Identity Business Overview
11.13.3 Smile Identity KYC and ID Verification Introduction
11.13.4 Smile Identity Revenue in KYC and ID Verification Business (2019-2024)
11.13.5 Smile Identity Recent Development
11.14 Berbix
11.14.1 Berbix Company Detail
11.14.2 Berbix Business Overview
11.14.3 Berbix KYC and ID Verification Introduction
11.14.4 Berbix Revenue in KYC and ID Verification Business (2019-2024)
11.14.5 Berbix Recent Development
11.15 Shufti Pro
11.15.1 Shufti Pro Company Detail
11.15.2 Shufti Pro Business Overview
11.15.3 Shufti Pro KYC and ID Verification Introduction
11.15.4 Shufti Pro Revenue in KYC and ID Verification Business (2019-2024)
11.15.5 Shufti Pro Recent Development
11.16 Verifai
11.16.1 Verifai Company Detail
11.16.2 Verifai Business Overview
11.16.3 Verifai KYC and ID Verification Introduction
11.16.4 Verifai Revenue in KYC and ID Verification Business (2019-2024)
11.16.5 Verifai Recent Development
11.17 Cognito
11.17.1 Cognito Company Detail
11.17.2 Cognito Business Overview
11.17.3 Cognito KYC and ID Verification Introduction
11.17.4 Cognito Revenue in KYC and ID Verification Business (2019-2024)
11.17.5 Cognito Recent Development
11.18 Argos KYC
11.18.1 Argos KYC Company Detail
11.18.2 Argos KYC Business Overview
11.18.3 Argos KYC KYC and ID Verification Introduction
11.18.4 Argos KYC Revenue in KYC and ID Verification Business (2019-2024)
11.18.5 Argos KYC Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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