Delray Beach, FL, April 07, 2025 (GLOBE NEWSWIRE) — The US Identity Verification Market size is projected to grow from USD 10.9 billion in 2023 to USD 21.8 billion by 2028 at a compound annual growth rate (CAGR) of 14.9% during the forecast period, according to a new report by MarketsandMarkets™.
The rising prevalence of digital fraud in the US has led to a significant increase in the use of identity verification measures. According to the FTC, consumers reported losing a record USD 10 billion to fraud in 2023, a 14% increase from the year before. As a result, industries like banking, fintech, and e-commerce are implementing cutting-edge security measures like biometric authentication and AI-driven fraud detection. For instance, large banks have integrated facial recognition and behavioral biometrics to enhance security protocols. In many industries, real-time identity validation drives the need for trustworthy verification solutions.
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List of Key Companies in US Identity Verification Market:
- LexisNexis Risk Solutions (US)
- Equifax (US)
- TransUnion (US)
- Mastercard (US)
- Mitek Systems (US)
- Jumio (US)
- Intellicheck (US)
- IDMERIT (US)
- AuthenticID (US)
- IDology (US)
- Berbix (US)
- Persona (US)
- Ekata (US)
The solutions segment is expected to account for the largest market share by offering segments in the US Identity Verification Market during the forecast period.
By offering, the solution segment of the US Identity Verification Market, is anticipated to lead the US Identity Verification Market with growing adoption of biometric authentication, Al-driven identity proofing, and document verification. With digital banking and e-commerce growth, companies depend …