Identity Verification Market to Double to $33.36B by 2031
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Delray Beach, Fla. – October 08, 2026 -- The global Identity Verification Market is set to grow from USD 16.48 billion in 2026 to USD 33.36 billion by 2031, a compound annual growth rate of 15.1%, according to MarketsandMarkets.
Regulatory pressure and digital onboarding fuel market expansion
The 2025 market was valued at USD 14.34 billion. Growth is being driven by tightening customer due diligence and beneficial-ownership rules in financial services, retail, telecommunications, healthcare and government, pushing organizations toward automated document authentication and biometric verification to replace manual checks.