Published Date : 2025-Apr-18
The Global Identity Verification Market is projected to reach USD 14.86 Billion in 2025, surging to USD 43.38 Billion by 2034, growing at a CAGR of 12.64%. This expansion is driven by increasing digital transformation, fraud prevention demands, and AI/biometric integration in identity authentication systems.
The identity verification sector is rapidly scaling due to rising cybercrime, remote onboarding needs, fintech expansion, and stricter compliance mandates worldwide.
Below Top Leading Companies in the Global Identity Verification Market in 2025: Jumio, Idemia, Onfido, GB Group, Trulioo, IDnow, Shufti, Au10Tix and Veriff.
Identity Verification Market Size, Share & Trends Analysis Report By Component (Services, Solutions), By Type (Biometrics, Non- Biometrics), By Deployment Mode (On-premises, Cloud), By Organization Size (SMEs, Large Enterprises), By Verticals (Retail and ecommerce, IT & Telecom, Energy and Utilities, BFSI, Government and defense, Healthcare & Life Sciences, Others) And By Geography (North America, Europe, Asia-Pacific, Middle East and South America), Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2025 - 2034.
The Global Identity Verification Market is projected to reach USD 14.86 Billion in 2025, surging to USD 43.38 Billion by 2034, growing at a CAGR of 12.64%. This expansion is driven by increasing digital transformation, fraud prevention demands, and AI/biometric integration in identity authentication systems.
The global identity verification market is expanding at a high rate due to the increased need for secure digital transactions and rising instances of identity fraud. Companies are deploying advanced verification technologies to streamline onboarding, address KYC and AML obligations, and build user trust. AI, machine learning, and biometrics are making real-time, accurate verification possible and reducing manual effort. The growth of internet transactions, remote work, and online banking also fuels demand in industries such as finance, healthcare, and e-commerce. With growing concerns over data privacy and evolving cyber threats, identity verification is becoming a cornerstone of worldwide digital trust and cyber security policies.
Headquarters: Palo Alto, California, USA
Founded: 2010
Employees: Approx. 1,000
Revenue (2024): Estimated $210 Million
Industry: Identity Verification, KYC Compliance, Fraud Prevention
Overview: Jumio is a pioneer in digital identity verification using a blend of AI, biometrics, and machine learning to provide KYC/AML-compliant solutions. Their platform is widely used in banking, fintech, healthcare, travel, and e-commerce. They offer identity proofing, document verification, and risk management from a unified analytics dashboard, which enables enterprises to assess and mitigate fraud in real time.
Global Reach: Jumio supports customers in over 200 countries and territories and offers identity verification for more than 5,000 types of government-issued IDs.
Headquarters: Courbevoie, France
Founded: 2007 (via merger of Oberthur Technologies and Morpho)
Employees: 15,000+
Revenue (2024): Estimated $2.6 Billion
Industry: Digital Identity, Biometrics, Security Solutions
Overview: IDEMIA is a global leader in augmented identity and biometric technologies, specializing in identity verification, border control, smart cards, and digital wallets. The company’s mission-critical tech is deployed at scale to secure digital and physical transactions in finance, telecom, aviation, and government sectors.
Their offerings include Biometric authentication (facial, fingerprint, iris), Mobile ID and eID solutions, National ID and passport systems and Public security and border control technologies.
Global Presence: Operating in 180+ countries, IDEMIA works closely with governments, major airports, and financial institutions, often leading public-private ID infrastructure initiatives globally.
Headquarters: London, United Kingdom
Founded: 2012
Employees: Approx. 650
Revenue (2024): Estimated Approx. $140 Million
Industry: Identity Verification, Document Verification, AI & Biometrics
Overview: Onfido offers AI-powered identity verification solutions that help businesses verify customer identities remotely using photo-based ID and facial biometrics. Their platform allows fast onboarding while reducing fraud and ensuring compliance with global KYC/AML regulations.
Their flagship product, Onfido Studio, is a plug-and-play solution that doesn't require deep backend integration — ideal for agile deployments, especially in fintech and banking.
Key solutions include Document + selfie verification, Biometric authentication, Fraud detection with AI-powered risk signals and No-code orchestration and workflow automation tools.
Headquarters: Vancouver, British Columbia, Canada
Founded: 2011
Employees: Approx. 400
Revenue (2024): Estimated Approx. $90 Million
Industry: Identity Verification, Compliance, AML/KYC Solutions
Overview: Trulioo provides global identity verification services with a focus on helping organizations comply with international KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. Their platform enables verification of individuals and businesses across 195+ countries, making them a go-to for global financial institutions, e-commerce, and crypto platforms.
Key capabilities include: Global identity and document verification, Business verification (KYB), AML watchlist screening and eID and biometric integration.
Headquarters: Chester, United Kingdom
Founded: 1989
Employees: 1,200+
Revenue (2024): Estimated Approx. $300 Million
Industry: Identity Verification, Fraud Prevention, Location Intelligence
Overview: GBG (GB Group plc) delivers comprehensive identity intelligence solutions. Its suite includes identity verification, location data enrichment, and fraud management tools, helping businesses engage with trusted individuals online while preventing fraud.
They offer: KYC/AML compliance solutions, Identity and age verification, Address validation and Biometric and facial recognition technologies.
Headquarters: Munich, Germany
Founded: 2014
Employees: Approx. 500
Revenue (2024): Estimated Approx. $50 Million
Industry: Identity Verification, Digital Identity, eID & Compliance Solutions
Overview: IDnow is a European leader in identity proofing and electronic signatures. The platform supports a wide range of identity verification methods, including automated AI-driven checks and video identification, all aligned with stringent EU regulations like eIDAS and AML5.
Core solutions included verification via video chat or AI, eSignatures (qualified and advanced),
Fraud detection and mitigation tools and Modular compliance automation for KYC/AML.
Market Focus: IDnow serves highly regulated industries such as finance, insurance, mobility, and telecommunications, helping them streamline onboarding, reduce identity fraud, and remain compliant.
Headquarters: London, United Kingdom
Founded: 2017
Employees: Approx. 300
Revenue (2024): Estimated Approx. $30 Million
Industry: AI-Based Identity Verification, AML/KYC Compliance, Biometric Authentication
Overview: Shufti Pro is a rising force in AI-powered identity verification, delivering solutions for real-time KYC, AML screening, biometric verification, and document validation. Built to combat fraud and simplify compliance processes, their tech stack supports identity checks in 230+ countries and territories with coverage for 10,000+ document types.
Key solutions include: AI + human hybrid ID checks, Facial recognition and liveness detection, AML & sanctions list screening and OCR-based data extraction and age verification.
Headquarters: Hod HaSharon, Israel
Founded: 2002 (as a spin-off of ICTS International)
Employees: Approx. 350
Revenue (2024): Estimated Approx. $80 Million
Industry: Identity Verification, Document Authentication, Fraud Prevention
Overview: AU10TIX is a trusted provider of automated identity verification and fraud detection technologies. Leveraging AI-powered processing, the company specializes in government-grade document authentication, biometric verification, and identity orchestration at scale.
Their platform supports: Multi-layered KYC verification, Cross-device onboarding in under 8 seconds, Global ID document support (190+ countries) andSynthetic identity and deepfake fraud detection.
Global Clients: AU10TIX powers identity processes for major enterprises including PayPal, Uber, Google, and LinkedIn, providing scalable and regulatory-compliant infrastructure.
Headquarters: Tallinn, Estonia
Founded: 2015
Employees: Approx. 450
Revenue (2024): Estimated Approx. $60 Million
Industry: Identity Verification, AI-Powered Fraud Prevention, Digital Trust
Overview: Veriff is a fast-growing identity verification company offering highly accurate AI-driven KYC and fraud prevention tools. Designed for speed and global scalability, Veriff helps companies onboard users securely in seconds while staying compliant with regional and international regulations.
Key capabilities include: ID verification through face and document matching, Real-time risk analysis using AI & video analytics, Session monitoring for liveness and fraud detection andGDPR & CCPA-compliant infrastructure.
Presence & Reach: Veriff operates globally, verifying identities in over 190 countries, with particularly strong adoption across Europe, North America, and Latin America.
North America: Leading the market due to digital transformation, regulatory enforcement (KYC/AML), and fintech adoption.
Europe: Strong due to GDPR, eIDAS regulations, and cross-border identity mandates.
Asia-Pacific: Fastest-growing region, driven by mobile payments and e-governance (notably in India, China, Singapore).
Latin America & Africa: Emerging adoption, especially in financial inclusion and mobile banking sectors.
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