Asia Pacific Identity Verification Market
Asia Pacific Identity Verification Market by Application (Access Control & User Monitoring, KYC, KYB & Onboarding, Identity Fraud Compliance & Forensics), Type (Biometrics, Non-Biometrics), Services (Consulting, Integration, Training) - Forecast to 2030
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The Asia Pacific identity verification market is projected to reach USD 6.02 billion by 2030, rising from USD 2.73 billion in 2025, at a CAGR of 17.1% from 2025 to 2030. The growing use of digital payment solutions, supported by government eID initiatives, is driving strong market growth. However, an increase in digital fraud cases and stricter KYC/AML regulations are prompting organizations to adopt AI-driven biometric, document, and liveness verification. Within this ecosystem, identity verification integrates effortlessly to establish trust in digital engagements. This allows smooth remote onboarding and facilitates trustworthy digital services
KEY TAKEAWAYS
-
BY COUNTRYBy country, Singapore is projected to grow at the fastest rate during the forecast period.
-
BY OFFERINGBy offering, the solutions segment is estimated to dominate the market with highest market share during the forecast period.
-
BY TYPEBy type, the biometrics segment is expected to witness highest market share during the forecast period.
-
BY ORGANIZATION SIZEBy organization size, the SMEs segment is expected to hold the highest CAGR of 18.4% from 2025-2030.
-
BY DEPLOYMENT MODEBy deployment mode, the on-premises segment is projected to have high market share during forecast period.
-
BY APPLICATIONBy application, the access control & user monitoring segment is expected to have the highest CAGR of 18.7% during the forecast period.
-
BY VERTICALBy vertical, BFSI segment is projected to have highest market share during the forecast period.
-
COMPETITIVE LANDSCAPE - KEY PLAYERSExperian, Jumio, and NEC Corporation stand out in the Asia Pacific identity verification market. Their strong regional presence, advanced verification technologies, and alignment with fast-evolving regulatory demands help them support large-scale digital onboarding, reduce fraud risk, and serve highly regulated sectors
-
COMPETITIVE LANDSCAPE - STARTUP & SMEAmong startups, Shufti Pro, OnGrid, and Accura Scan are rising at fast pace. They offer agile, Al-driven identity-verification platforms along with flexible workflows, strong fraud-detection accuracy, and fast, low-friction onboarding. Their configurable, API-friendly solutions make them preferred choices for modern digital identity needs
The market for identity verification in the Asia Pacific region is experiencing positive growth. The major contribution to this market growth comes from digital identities, including Aadhaar, Mylnfo, and Australia's digital ID. The rise in real-time payments and cyber breaches has led to an increased need for effective identity verification. This has caused an increase in KYC and AML norms, thereby leading organizations to implement biometric authentication, eKYC, and liveness technology for effective and secure verification
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
The Asia Pacific identity verification market is in the transitional phase from traditional solutions to AI-enabled verification, biometrics, and online onboarding. Even as the traditional verification solutions continue to create steady market revenue, the growing demand for advanced identity verification solutions is leading to faster market growth. The increasing adoption of digital solutions in the retail and e-commerce sectors, the BFSI segment, the healthcare industry, and the IT services industry is leading to this market transition. In the next five years, the market is expected to witness a transition towards unified and intelligent verification solutions.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Level
-
Expansion of digital banking, fintech, and online commerce
-
Increasing identity fraud and cybercrime incidents
Level
-
Limited technological infrastructure in slows adoption of advanced ID verification solutions
-
Integration complexities with legacy systems
Level
-
Growing adoption of AI-powered biometrics and liveness detection
-
Expansion of government digital ID initiatives
Level
-
Stringent data privacy regulations create compliance complexities
-
Risk of security breaches and data misuse
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Expansion of digital banking, fintech, and online commerce
The rapid expansion of online banking, fintech businesses, and e-commerce platforms across Asia Pacific strengthening the demand for comprehensive identity verification solutions. As the volume of transactions changes, online, businesses need to increase security, preserve regulatory compliance, and reduce the risk of fraud. Therefore, this trend is leading to an increase in investment in biometrics, Al-driven verification, and automated on-boarding systems that enable scalable, real-time user authentication functionality across high–growth digital ecosystems.
Restraint: Limited technological infrastructure in emerging economies slows adoption of advanced ID verification solutions
Several markets in the Asia Pacific region, lack of technological infrastructure remains a key restraint for adopting more advanced identity verification solutions. Limited internet access and reliance on legacy IT systems restrict the adoption of AI-driven verification solutions. These challenges also limit the use of biometrics and real-time authentication. As a result, implementation costs increase and digital transformation efforts slow, especially for small and mid-sized organizations.
Opportunity: Growing adoption of AI-powered biometrics and liveness detection
The growing adoption of AI-powered biometric verification and liveness detection is creating strong growth opportunities. These technologies help prevent fraud by identifying spoofing, deepfakes, and synthetic identities. They also make remote onboarding easier and more secure. Stricter regulations and more digital transactions are increasing demand for scalable biometric verification solutions.
Challenge: Stringent data privacy regulations create compliance complexities
Stricter data protection and biometric governance rules across Asia Pacific are increasing compliance demands for identity verification providers. Organizations must meet different requirements around data storage, user consent, and cross-border processing. This often requires higher investment in privacy-enhancing technologies and governance controls. As a result, deployment timelines become longer and operating costs rise, especially for companies operating across multiple countries.
ASIA PACIFIC IDENTITY VERIFICATION MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
 |
Implementation of Jumio’s ID Verification + selfie + liveness workflow by Ahli United Bank (AUB) to enable fully digital customer onboarding, allowing customers to upload their government-issued ID and a selfie online. | Reduced onboarding time from days to minutes, higher customer conversion, lower fraud risk, and streamlined identity verification across their customer base. |
 |
Use of Trulioo’s global identity-verification services by EQ Bank to speed up digital customer onboarding, leveraging global document coverage, identity-data sources, and KYC/AML compliance mechanisms across multiple countries. | Increased onboarding completion rates (eg- a ~10% lift for EQ Bank), improved compliance and fraud prevention, and enabled seamless cross-border expansion by verifying identities in multiple jurisdictions. |
 |
Use of AU10TIX’s ID Verification Suite and Serial Fraud Monitor by financial services and payments firms worldwide to block fraudulent transactions and identity-fraud schemes. | Helped prevent over USD 18?billion in business fraud since 2021; significant reduction in fraudulent transactions across payments, crypto/trading, banking and shared-economy sectors. |
 |
Deployment of Shufti Pro’s upgraded e-IDV / KYC solution for a business (DueBooks) to verify customers quickly and meet compliance needs, streamlining customer identity verification and fraud screening during onboarding. | On-boarding time reportedly reduced by ~90%, reduced exposure to fraud, improved compliance adherence, and stronger trust between business and customers. |
 |
Deployment of Veriff’s AI-based identity verification for Kueski (a Latin American digital lender) to automate KYC, accelerate lending onboarding, and reduce identity-fraud risk. | Faster loan approvals, improved user trust and security, reduced fraud risk, and scalable identity verification supporting Kueski’s rapid regional growth. |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The identity verification ecosystem is a combination of biometrics, authentication services, document checks and identity databases, fraud detection tools, compliance software, and security hardware to provide highly accurate and secure identity assurance. Identity verification systems and protection can be used to claim or deny users their identities with great accuracy, whereas verification platforms are capable of onboarding users in a compliant manner and assessing risks appropriately. Industries like BFSI, retail, healthcare, government and gaming are using such capabilities to minimize fraud, maintain digital payment, and secure sensitive data.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Asia Pacific Identity Verification Market, By Offering
The solutions segment will have the highest market revenue share in 2025, driven by the necessity to have reliable, efficient, and scalable authentication processes. Advanced platforms providing Al-driven document checking, and biometric security checks are widely adopted. These are solutions that assist the organizations within the BFSI, healthcare, and e-commerce improve safety, accelerate registration, and uphold regulatory performance and minimize fraud.
Asia Pacific Identity Verification Market, By Type
The biometric solutions segment is expected to lead the identity verification market in Asia Pacific, in 2025. This growth is stimulated by increasing demand of authentication in a secure, convenient and real-time manner. Technologies such as fingerprint, facial recognition, and iris and voice authentication facilitate accurate identity identification. They also assist in minimizing fraud and improve the general user experience. BFSI has a very good adoption rate. Security and regulatory concerns in healthcare, government and digital services compliance are essential.
Asia Pacific Identity Verification Market, By Application
The KYC, KYB, and onboarding segment is estimated to hold the largest market share in 2025. Rising digital banking, fintech services, and e-commerce platforms are driving demand. They ensure secure, efficient, and compliant customer onboarding. Advanced verification solutions include biometric checks, AI-powered document authentication, and real-time risk assessment. These solutions help organizations reduce fraud, ensure regulatory compliance, and deliver seamless user experiences.
Asia Pacific Identity Verification Market, By Vertical
The BFSI industry is projected to hold the largest share of the Asia Pacific identity verification market in 2025, driven by the growing need for secure digital banking, fintech services, and online financial transactions. Organizations in this sector are adopting advanced identity verification solutions, including biometrics, AI-powered document checks, and real-time risk assessment. These solutions help prevent fraud and ensure regulatory compliance. They also use these tools to streamline onboarding and enhance customer trust and experience.
REGION
Singapore to be the fastest-growing region in Asia Pacific identity verification market during the forecast period
The market for identity verification in the Asia Pacific region has emerged as an important and budding market for Singapore, which is witnessing growth due to the increasing use of identity solution technologies, coupled with the escalating identity fraud cases being seen in the region. Cases of fraud, as well as the driving need for a safe and regulatory-compliant onboarding process in the fintech, as well as the government sectors. For solution providers, the country is a high-potential market. Organizations are turning to advanced identity verification to stop fraud, stay compliant, and make digital experiences seamless for customers
ASIA PACIFIC IDENTITY VERIFICATION MARKET: COMPANY EVALUATION MATRIX
In the Asia Pacific identity verification market, Experian (Star) leads with AI-driven identity verification, fraud detection, and compliance solutions across BFSI, fintech, and e-commerce sectors. AU10TIX (Emerging Leader) strengthens its position through high-assurance biometric authentication, automated document verification, and scalable onboarding solutions, aiming to enter the leaders' quadrant as demand for secure, seamless verification grows.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
- NEC Corporation (Japan)
- Jumio (US)
- Trulioo (Canada)
- GBG (UK)
- AU1OTIX (Israel)
- Experian (Ireland)
- LexisNexis Risk Solutions (US)
- Socure (US)
- Veriff (Estonia)
- Mitek Systems (US)
- Equifax (US)
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2024 (Value) | USD 2.34 Billion |
| Market Forecast in 2030 (value) | USD 6.02 Billion |
| Growth Rate | CAGR of 17.1% from 2025-2030 |
| Years Considered | 2019-2030 |
| Base Year | 2024 |
| Forecast Period | 2025-2030 |
| Units Considered | Value (USD Million/Billion) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends. |
| Segments Covered |
|
WHAT IS IN IT FOR YOU: ASIA PACIFIC IDENTITY VERIFICATION MARKET REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Leading Solution Provider (APAC) | Product Analysis: Asia Pacific identity verification product landscape offering a detailed comparison of each vendor’s solutions, including biometric authentication, AI-powered identity matching, document verification, and fraud detection capabilities. | Improved understanding of vendor positioning, product differentiation, and innovation strategies to guide informed business decisions in the Asia Pacific identity verification market. |
| Leading Service Provider (APAC) | Company Information: In-depth profiling and evaluation of additional market participants (up to 5), highlighting their technological expertise, solution portfolios, product functionalities, and strategic initiatives tailored to the Asia Pacific region. | Holistic view of the regional identity verification ecosystem, highlighting growth opportunities, emerging technological trends, and potential areas for strategic partnerships or collaborative initiatives. |
RECENT DEVELOPMENTS
- March 2025 : Equifax launched Equifax ID Verify Plus, an AI-powered identity verification platform integrating document authentication and biometrics to strengthen fraud prevention and ensure secure, reliable user onboarding.
- March 2025 : Experian launched Experian Assistant, an AI-powered virtual assistant in Ascend, streamlining identity verification and real-time fraud analytics for financial institutions.
- December 2024 : Mitek Systems introduced a robust identity verification solution combining deepfake detection, liveness checks, and advanced analytics to prevent AI-driven fraud across digital platforms.
- December 2024 : LexisNexis Risk Solutions launched Enhanced Identity Data Feed, integrating biometric, device, and other data to improve identity verification accuracy and reduce fraud in real-time.
- June 2024 : Trulioo integrated its Person Match identity verification solution to streamline onboarding in Latin America and Asia, boosting client onboarding by 80% and 28%, while improving verification accuracy and reducing fraud risk.
Table of Contents
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
Methodology
This study involved estimating the current Asia Pacific Identity Verification Market size. Exhaustive secondary research was carried out to collect information on the identity verification industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the Asia Pacific Identity Verification Market.
Secondary Research
The market for companies offering identity verification solutions and services was arrived at by using secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various sources were referred to in the secondary research process to identify and collect information for this study. The secondary sources included annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases.
In the secondary research process, various secondary sources were referred to to identify and collect information related to the study. Secondary sources included annual reports, press releases, and investor presentations of identity verification vendors, forums, certified publications, and whitepapers. Secondary research was used to obtain essential information on the industry’s value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.
Primary Research
In the primary research process, various supply and demand sources were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the Asia Pacific Identity Verification Market.
After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also undertaken to identify the segmentation types, industry trends, competitive landscape of identity verification hardware, software, and services offered by various market players, and fundamental market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies.
In the complete market engineering process, the top-down and bottom-up approaches and several data triangulation methods were extensively used to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.
Market Size Estimation
Top-down and bottom-up approaches were used to estimate and validate the size of the Asia Pacific Identity Verification Market and the size of various other dependent sub-segments. The research methodology used to estimate the market size included the following details: key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of the top market players, as well as extensive interviews for key insights with industry leaders, such as CEOs, VPs, directors, and marketing executives.
All percentage splits and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added to detailed inputs and analysis from MarketsandMarkets.
Data Triangulation
After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
According to MarketsandMarkets, identity verification is a process of verifying an individual’s identity by using publicly or privately available databases. The solutions offered in the Identity Verification Market help organizations verify an individual's identity quickly and easily, thereby actively improving customer experience and complying with privacy laws, anti-money laundering (AML) legislation, and know-your-customer (KYC) requirements.
Stakeholders
- Government agencies
- Consulting firms
- Information technology (IT) security agencies
- Raw material/component suppliers
- Research organizations and consulting companies
- Government bodies, such as regulating authorities and policymakers
- Venture capitalists and private equity firms
- Chief technology and data officers
- Identity verification service professionals
- Business analysts
- Information technology (IT) professionals
- Consultants/consultancies/advisory firms
Report Objectives
- To define, describe, and forecast the Asia Pacific Identity Verification Market based on offering, type, deployment mode, organization size, application, vertical, and region
- To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market
- To provide detailed information related to the primary factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
- To profile the key players of the market and comprehensively analyze their market size and core competencies
- To track and analyze competitive developments, such as product launches, mergers and acquisitions, partnerships, agreements, and collaborations in the Asia Pacific Identity Verification Market
Available Customizations
With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Need a Tailored Report?
Customize this report to your needs
Get 10% FREE Customization
Customize This ReportPersonalize This Research
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
Let Us Help You
- What are the Known and Unknown Adjacencies Impacting the Asia Pacific Identity Verification Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Custom Market Research Services
We Will Customise The Research For You, In Case The Report Listed Above Does Not Meet With Your Requirements
Get 10% Free Customisation
Growth opportunities and latent adjacency in Asia Pacific Identity Verification Market