Global KYC and ID Verification Market 2025 by Company, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global KYC and ID Verification market size was valued at US$ 3853 million in 2024 and is forecast to a readjusted size of USD 16220 million by 2031 with a CAGR of 21.0% during review period.

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.

KYC and ID verification is mainly classified into the following types: software and services. Services type is the most widely used type who takes up about 64.9% of the global market.

KYC and ID verification has wide range of applications and industries. This report classified them into BFSI, Retail and Ecommerce, Tele and Gaming, Healthcare and Transport, etc. BFSI segment was the most widely used area that took up about 28.9% of the global market. But with the impact of the Covid-19, Retail and Ecommerce, Healthcare etc. marked huge growth rate, so the BFSI’s share declined, at the same time, Retail and Ecommerce market share increased to 28.3%.

AI-based product, cloud and mobile technology, biometric authentication, AML related product are the key trends of KYC and ID verification.

Jumio, ID.me, Veriff, Onfido, Trulioo, Sumsub, AU10TIX, Persona, Lightico etc. are the key suppliers in the global KYC and ID verification market. Top 5 took up above 1/3 of the global market.

This report is a detailed and comprehensive analysis for global KYC and ID Verification market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global KYC and ID Verification market size and forecasts, in consumption value ($ Million), 2020-2031

Global KYC and ID Verification market size and forecasts by region and country, in consumption value ($ Million), 2020-2031

Global KYC and ID Verification market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031

Global KYC and ID Verification market shares of main players, in revenue ($ Million), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for KYC and ID Verification

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global KYC and ID Verification market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Jumio, ID.me, Veriff, Entrust (Onfido), Trulioo, Sumsub, AU10TIX, Persona, Lightico, Ondato, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

KYC and ID Verification market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Software
Services

Market segment by Application
BFSI
Retail and Ecommerce
Tele and Gaming
Healthcare and Transport
Other

Market segment by players, this report covers
Jumio
ID.me
Veriff
Entrust (Onfido)
Trulioo
Sumsub
AU10TIX
Persona
Lightico
Ondato
Parallel Markets
APLYiD
Smile ID
Socure (Berbix)
Shufti Pro
Verifai
Cognito
ARGOS Identity
IDnow
Thales
Signicat
GBG Plc

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe KYC and ID Verification product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of KYC and ID Verification, with revenue, gross margin, and global market share of KYC and ID Verification from 2020 to 2025.

Chapter 3, the KYC and ID Verification competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and KYC and ID Verification market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of KYC and ID Verification.

Chapter 13, to describe KYC and ID Verification research findings and conclusion.