The Identity Verification Market, valued at USD 10.9 billion in 2024, is set to grow at a CAGR of 14.9%, reaching USD 21.8 billion by 2029. This market includes solutions and services that verify individual identities across sectors like finance, healthcare, government, and e-commerce. It addresses fraud, enhances security, and ensures regulatory compliance. Rapid growth is driven by the increasing need for remote verification, rising identity theft, and advancements in biometrics, AI, and blockchain. As digital interactions expand, the demand for secure, efficient, and user-friendly identity verification solutions continues to rise, underscoring its critical role in the digital economy.
