Identity verification market value worldwide 2017-2027

Over the range of 10 years from 2017 to 2027, worldwide spending in the identity verification market is forecast to grow by more than 13 billion U.S. dollars, increasing from 4.93 billion in 2017 to over 18 billion in 2027. Identity verification is an important aspect of information security, as it ensures that only the people with legitimate authority to access information are able to do so, thereby preventing harmful or malicious intrusion to protected information.

Continued growth expected in security and surveillance

    Security surveillance, the act of monitoring a certain activity, place, or person for safety reasons, is a growing market. Technology plays a major role in enhancing security and surveillance capabilities by offering many increasingly technical solutions, such as alarms, access control devices, and video surveillance. Worldwide revenues from security products and services in 2019 increased by ten billion U.S. dollars compared to the previous year. The market size for video surveillance, one of the most widely used technologies in the industry, is expected to triple in 2025, when compared to the 2016 figures.

Identity verification market revenue worldwide from 2017 to 2027

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Release date

July 2019



Survey time period

2017 to 2019

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