Us Online Identity Proofing Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Online Identity Proofing Market was valued at USD 15 Billion in 2022 and is projected to reach USD 32 Billion by 2030, growing at a CAGR of 10% from 2024 to 2030.
The US Online Identity Proofing Market is experiencing exponential growth, driven by an increasing demand for robust security solutions to verify digital identities. In today's digital-first world, protecting sensitive information has become paramount, especially as cyber threats evolve. Online identity proofing ensures that individuals or entities accessing online services are who they claim to be, mitigating the risks of fraud and identity theft.
As more businesses transition to online platforms, identity proofing technologies have become essential. The market for online identity verification in the US is projected to grow significantly in the coming years, with advancements in artificial intelligence (AI) and biometrics playing a central role. Technologies like facial recognition, fingerprint scanning, and document verification are now commonplace in various sectors, including finance, healthcare, and government services.
The rise of remote work and the increasing frequency of online transactions have further amplified the need for reliable identity proofing solutions. According to recent trends, companies are more focused on securing their platforms from unauthorized access, which has driven the demand for advanced identity verification tools. In fact, many industries are investing in multi-factor authentication (MFA) and Know Your Customer (KYC) solutions to improve security and prevent fraud.
The growing use of smartphones and mobile applications has also led to a surge in demand for mobile-based identity verification methods. Companies are incorporating solutions like OTP (One-Time Password) systems and mobile biometrics into their platforms to ensure that users are properly authenticated. The need for frictionless yet secure authentication methods is becoming crucial as users demand faster and easier ways to prove their identities.
One of the most compelling factors driving this market is the increasing incidence of data breaches and identity theft. In the past few years, the US has witnessed several high-profile cyberattacks, prompting businesses to seek stronger identity verification systems to safeguard their customers’ personal information. In fact, studies show that businesses implementing robust identity proofing solutions have seen a significant decrease in fraud-related incidents.
As more industries adopt these technologies, the US Online Identity Proofing Market continues to expand, paving the way for the next generation of secure digital identities. The market’s growth parallels other technological advancements, such as the increasing demand for 100 Gigabit Fiber Optic Transceivers, reflecting the broader trend toward high-speed, high-security internet connections in the digital age.
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Jumio
ID.me
Veriff
Onfido
Trulioo
Sumsub
AU10TIX
Persona
Lightico
Ondato
Passbase
APLYiD
Smile Identity
Berbix
Shufti Pro
IDnow
Thales
Electronic Identification
GBG Plc
IDEMIA
Okta
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Online Identity Proofing Market
Financial Services
E-commerce
Healthcare
Government
Telecommunications
Biometric Authentication
Knowledge-Based Authentication (KBA)
Credential Verification
Mobile Identity Verification
Document Verification
Enterprise Users
SMEs (Small and Medium Enterprises)
Government Agencies
Individual Consumers
Third-Party Service Providers
Customer Onboarding
Fraud Detection and Prevention
Digital Identity Verification
Access Control
Compliance and Regulatory Requirements
Cloud-Based Solutions
On-Premises Solutions
Hybrid Solutions
Managed Services
Software as a Service (SaaS)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Online Identity Proofing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Online Identity Proofing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Online Identity Proofing Market, By Type
6. Global Online Identity Proofing Market, By Application
7. Global Online Identity Proofing Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Online Identity Proofing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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