Japan: eKYC market size 2024

In the fiscal year 2020, the sales value of the electronic Know Your Customer (eKYC) market in Japan was estimated at approximately 4.1 billion Japanese yen. It was projected that the market size would increase in the coming years, reaching a value of approximately 6.3 billion yen by fiscal year 2024. The projection was based on the assumption that the relevancy of digital customer identification technology would increase even further in order to meet the growing demand for non-contact customer handling solutions.

Sales value of the electronic Know Your Customer (eKYC) market in Japan from fiscal year 2019 to 2020 with a forecast until 2024 (in billion Japanese yen)

Characteristic	Sales value in billion Japanese yen
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Release date

July 2021

More information

Region

Japan

Survey time period

fiscal year 2020 to 2021; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

values based on sales at businesses

Supplementary notes

*Forecast.

The research object were eKYC vendors and financial institutions. eKYC is the abbreviation of 'electronic Know Your Customer,' which refers to digitized online procedures that legitimately confirm the personal identification of clients in a non-face-to-face manner. The eKYC market in this research is the market of Know Your Customer solutions, the procedure of which is concluded online (eKYC).

100 Japanese yen equal 0.74 U.S. dollars or 0.70 euros as of December 2022.
Values have been rounded.

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