KYC and ID Verification Market, Global Outlook and Forecast 2023-2029

Report ID: MMG2244 | Category: Service & Software | Pages: 104 | Format: PDF | Published Date: February 13,2023

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Report Description
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Report Summary

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.
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. This report contains market size and forecasts of KYC and ID Verification in global, including the following market information:
Global KYC and ID Verification Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global KYC and ID Verification market was valued at US$ 1697.7 million in 2022 and is projected to reach US$ 14740 million by 2029, at a CAGR of 36.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the KYC and ID Verification companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global KYC and ID Verification Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global KYC and ID Verification Market Segment Percentages, by Type, 2022 (%)
    Software
    Services
Global KYC and ID Verification Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global KYC and ID Verification Market Segment Percentages, by Application, 2022 (%)
    BFSI
    Retail and Ecommerce
    Tele and Gaming
    Healthcare and Transport
    Other
Global KYC and ID Verification Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global KYC and ID Verification Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies KYC and ID Verification revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies KYC and ID Verification revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Jumio
    ID.me
    Veriff
    Onfido
    Trulioo
    Sumsub
    AU10TIX
    Persona
    Lightico
    Ondato
    Passbase
    APLYiD
    Smile Identity
    Berbix
    Shufti Pro
    Verifai
    Cognito
    Argos KYC
Outline of Major Chapters:
Chapter 1: Introduces the definition of KYC and ID Verification, market overview.
Chapter 2: Global KYC and ID Verification market size in revenue.
Chapter 3: Detailed analysis of KYC and ID Verification company competitive landscape, revenue and 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: Sales of KYC and ID Verification in regional level and country level. 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 of each country in the world.
Chapter 7: 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 8: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 KYC and ID Verification Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global KYC and ID Verification Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global KYC and ID Verification Overall Market Size
    2.1 Global KYC and ID Verification Market Size: 2022 VS 2029
    2.2 Global KYC and ID Verification Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top KYC and ID Verification Players in Global Market
    3.2 Top Global KYC and ID Verification Companies Ranked by Revenue
    3.3 Global KYC and ID Verification Revenue by Companies
    3.4 Top 3 and Top 5 KYC and ID Verification Companies in Global Market, by Revenue in 2022
    3.5 Global Companies KYC and ID Verification Product Type
    3.6 Tier 1, Tier 2 and Tier 3 KYC and ID Verification Players in Global Market
        3.6.1 List of Global Tier 1 KYC and ID Verification Companies
        3.6.2 List of Global Tier 2 and Tier 3 KYC and ID Verification Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global KYC and ID Verification Market Size Markets, 2022 & 2029
        4.1.2 Software
        4.1.3 Services
    4.2 By Type - Global KYC and ID Verification Revenue & Forecasts
        4.2.1 By Type - Global KYC and ID Verification Revenue, 2018-2023
        4.2.2 By Type - Global KYC and ID Verification Revenue, 2024-2029
        4.2.3 By Type - Global KYC and ID Verification Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global KYC and ID Verification Market Size, 2022 & 2029
        5.1.2 BFSI
        5.1.3 Retail and Ecommerce
        5.1.4 Tele and Gaming
        5.1.5 Healthcare and Transport
        5.1.6 Other
    5.2 By Application - Global KYC and ID Verification Revenue & Forecasts
        5.2.1 By Application - Global KYC and ID Verification Revenue, 2018-2023
        5.2.2 By Application - Global KYC and ID Verification Revenue, 2024-2029
        5.2.3 By Application - Global KYC and ID Verification Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global KYC and ID Verification Market Size, 2022 & 2029
    6.2 By Region - Global KYC and ID Verification Revenue & Forecasts
        6.2.1 By Region - Global KYC and ID Verification Revenue, 2018-2023
        6.2.2 By Region - Global KYC and ID Verification Revenue, 2024-2029
        6.2.3 By Region - Global KYC and ID Verification Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America KYC and ID Verification Revenue, 2018-2029
        6.3.2 US KYC and ID Verification Market Size, 2018-2029
        6.3.3 Canada KYC and ID Verification Market Size, 2018-2029
        6.3.4 Mexico KYC and ID Verification Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe KYC and ID Verification Revenue, 2018-2029
        6.4.2 Germany KYC and ID Verification Market Size, 2018-2029
        6.4.3 France KYC and ID Verification Market Size, 2018-2029
        6.4.4 U.K. KYC and ID Verification Market Size, 2018-2029
        6.4.5 Italy KYC and ID Verification Market Size, 2018-2029
        6.4.6 Russia KYC and ID Verification Market Size, 2018-2029
        6.4.7 Nordic Countries KYC and ID Verification Market Size, 2018-2029
        6.4.8 Benelux KYC and ID Verification Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia KYC and ID Verification Revenue, 2018-2029
        6.5.2 China KYC and ID Verification Market Size, 2018-2029
        6.5.3 Japan KYC and ID Verification Market Size, 2018-2029
        6.5.4 South Korea KYC and ID Verification Market Size, 2018-2029
        6.5.5 Southeast Asia KYC and ID Verification Market Size, 2018-2029
        6.5.6 India KYC and ID Verification Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America KYC and ID Verification Revenue, 2018-2029
        6.6.2 Brazil KYC and ID Verification Market Size, 2018-2029
        6.6.3 Argentina KYC and ID Verification Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa KYC and ID Verification Revenue, 2018-2029
        6.7.2 Turkey KYC and ID Verification Market Size, 2018-2029
        6.7.3 Israel KYC and ID Verification Market Size, 2018-2029
        6.7.4 Saudi Arabia KYC and ID Verification Market Size, 2018-2029
        6.7.5 UAE KYC and ID Verification Market Size, 2018-2029
7 KYC and ID Verification Companies Profiles
    7.1 Jumio
        7.1.1 Jumio Company Summary
        7.1.2 Jumio Business Overview
        7.1.3 Jumio KYC and ID Verification Major Product Offerings
        7.1.4 Jumio KYC and ID Verification Revenue in Global Market (2018-2023)
        7.1.5 Jumio Key News & Latest Developments
    7.2 ID.me
        7.2.1 ID.me Company Summary
        7.2.2 ID.me Business Overview
        7.2.3 ID.me KYC and ID Verification Major Product Offerings
        7.2.4 ID.me KYC and ID Verification Revenue in Global Market (2018-2023)
        7.2.5 ID.me Key News & Latest Developments
    7.3 Veriff
        7.3.1 Veriff Company Summary
        7.3.2 Veriff Business Overview
        7.3.3 Veriff KYC and ID Verification Major Product Offerings
        7.3.4 Veriff KYC and ID Verification Revenue in Global Market (2018-2023)
        7.3.5 Veriff Key News & Latest Developments
    7.4 Onfido
        7.4.1 Onfido Company Summary
        7.4.2 Onfido Business Overview
        7.4.3 Onfido KYC and ID Verification Major Product Offerings
        7.4.4 Onfido KYC and ID Verification Revenue in Global Market (2018-2023)
        7.4.5 Onfido Key News & Latest Developments
    7.5 Trulioo
        7.5.1 Trulioo Company Summary
        7.5.2 Trulioo Business Overview
        7.5.3 Trulioo KYC and ID Verification Major Product Offerings
        7.5.4 Trulioo KYC and ID Verification Revenue in Global Market (2018-2023)
        7.5.5 Trulioo Key News & Latest Developments
    7.6 Sumsub
        7.6.1 Sumsub Company Summary
        7.6.2 Sumsub Business Overview
        7.6.3 Sumsub KYC and ID Verification Major Product Offerings
        7.6.4 Sumsub KYC and ID Verification Revenue in Global Market (2018-2023)
        7.6.5 Sumsub Key News & Latest Developments
    7.7 AU10TIX
        7.7.1 AU10TIX Company Summary
        7.7.2 AU10TIX Business Overview
        7.7.3 AU10TIX KYC and ID Verification Major Product Offerings
        7.7.4 AU10TIX KYC and ID Verification Revenue in Global Market (2018-2023)
        7.7.5 AU10TIX Key News & Latest Developments
    7.8 Persona
        7.8.1 Persona Company Summary
        7.8.2 Persona Business Overview
        7.8.3 Persona KYC and ID Verification Major Product Offerings
        7.8.4 Persona KYC and ID Verification Revenue in Global Market (2018-2023)
        7.8.5 Persona Key News & Latest Developments
    7.9 Lightico
        7.9.1 Lightico Company Summary
        7.9.2 Lightico Business Overview
        7.9.3 Lightico KYC and ID Verification Major Product Offerings
        7.9.4 Lightico KYC and ID Verification Revenue in Global Market (2018-2023)
        7.9.5 Lightico Key News & Latest Developments
    7.10 Ondato
        7.10.1 Ondato Company Summary
        7.10.2 Ondato Business Overview
        7.10.3 Ondato KYC and ID Verification Major Product Offerings
        7.10.4 Ondato KYC and ID Verification Revenue in Global Market (2018-2023)
        7.10.5 Ondato Key News & Latest Developments
    7.11 Passbase
        7.11.1 Passbase Company Summary
        7.11.2 Passbase Business Overview
        7.11.3 Passbase KYC and ID Verification Major Product Offerings
        7.11.4 Passbase KYC and ID Verification Revenue in Global Market (2018-2023)
        7.11.5 Passbase Key News & Latest Developments
    7.12 APLYiD
        7.12.1 APLYiD Company Summary
        7.12.2 APLYiD Business Overview
        7.12.3 APLYiD KYC and ID Verification Major Product Offerings
        7.12.4 APLYiD KYC and ID Verification Revenue in Global Market (2018-2023)
        7.12.5 APLYiD Key News & Latest Developments
    7.13 Smile Identity
        7.13.1 Smile Identity Company Summary
        7.13.2 Smile Identity Business Overview
        7.13.3 Smile Identity KYC and ID Verification Major Product Offerings
        7.13.4 Smile Identity KYC and ID Verification Revenue in Global Market (2018-2023)
        7.13.5 Smile Identity Key News & Latest Developments
    7.14 Berbix
        7.14.1 Berbix Company Summary
        7.14.2 Berbix Business Overview
        7.14.3 Berbix KYC and ID Verification Major Product Offerings
        7.14.4 Berbix KYC and ID Verification Revenue in Global Market (2018-2023)
        7.14.5 Berbix Key News & Latest Developments
    7.15 Shufti Pro
        7.15.1 Shufti Pro Company Summary
        7.15.2 Shufti Pro Business Overview
        7.15.3 Shufti Pro KYC and ID Verification Major Product Offerings
        7.15.4 Shufti Pro KYC and ID Verification Revenue in Global Market (2018-2023)
        7.15.5 Shufti Pro Key News & Latest Developments
    7.16 Verifai
        7.16.1 Verifai Company Summary
        7.16.2 Verifai Business Overview
        7.16.3 Verifai KYC and ID Verification Major Product Offerings
        7.16.4 Verifai KYC and ID Verification Revenue in Global Market (2018-2023)
        7.16.5 Verifai Key News & Latest Developments
    7.17 Cognito
        7.17.1 Cognito Company Summary
        7.17.2 Cognito Business Overview
        7.17.3 Cognito KYC and ID Verification Major Product Offerings
        7.17.4 Cognito KYC and ID Verification Revenue in Global Market (2018-2023)
        7.17.5 Cognito Key News & Latest Developments
    7.18 Argos KYC
        7.18.1 Argos KYC Company Summary
        7.18.2 Argos KYC Business Overview
        7.18.3 Argos KYC KYC and ID Verification Major Product Offerings
        7.18.4 Argos KYC KYC and ID Verification Revenue in Global Market (2018-2023)
        7.18.5 Argos KYC Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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KYC and ID Verification Market, Global Outlook and Forecast 2023-2029

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