Top Identity Verification Companies

The identity verification market is projected to grow from USD 14.34 billion in 2025 to USD 29.32 billion by 2030 at a compound annual growth rate (CAGR) of 15.4% during the forecast period. A key driver of this market is increased cases of identity fraud and theft, which amount to enormous financial losses and loss of consumer confidence. Cybercriminals are increasingly targeting vulnerable members of society, including children, the elderly, and social media users, with sophisticated schemes. The shift to remote work has further exposed personal data to security threats beyond corporate networks. As fraud methods evolve and become more sophisticated, organizations are prioritizing safe identity verification to protect users and prevent unauthorized access. This rising demand is driving adoption in sectors such as financial services, healthcare, and e-commerce.

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What is identity verification?

According to MnM, “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. Identity verification plays a critical role in ensuring trust and security across digital ecosystems. It allows businesses and organizations to verify users and defend against identity theft, financial crime, and unauthorized access. Methods of authentication may involve biometric verification (e.g., facial recognition, fingerprint scanning), document checking (e.g., verification of government IDs), and cross-database verification to confirm identity characteristics. Tighter identification verification is prompted by regulatory requirements (AML, KYC, GDPR, etc.), improving the customer experience and cybersecurity. Identity verification is being rolled out on a large scale in banking, fintech, healthcare, travel, and e-commerce applications, where onboarding must be smooth and secure. Identity products employed are typically embedded within boarding processes, digital payments, and remote access to services, and hence find themselves within the digital trust environment.”

Top Identity Verification Companies Include

• Experian (Ireland)
• LexisNexis Risk Solutions (US)
• Equifax (US)
• Thales Group (France)
• GB Group (GBG) (UK)

The identity verification market is led by some of the globally established players, such as Experian (Ireland), LexisNexis Risk Solutions (US), Equifax (US), Thales Group (France), GB Group (GBG) (UK), TransUnion (US), Mastercard (US), Onfido (UK), Trulioo (Canada), IDology (US), Mitek Systems (US), IDEMIA (France), Jumio (US), HyperVerge (India), AU10TIX (Israel), Innovatrics (Slovakia), Intellicheck (US), Signicat (Norway), SecureKey Technologies (Canada), IDfy (India), IDMERIT (US), Veriff (Estonia), AuthenticID (US), TruNarrative (UK), Sumsub (UK), PassFort (UK), PXL Vision (Switzerland), Shufti Pro (UK), iDenfy (Lithuania), Berbix (US), Persona (US), Ekata (US), and Hooyu (UK). Partnerships, agreements, collaborations, acquisitions, and product developments are among the key growth strategies adopted by players to increase their market presence.

Experian (US) is a worldwide leading data analytics and consumer credit reporting service company with more than 125 years of experience. Experian has offices in 37 countries, providing services to industries such as healthcare, retail, finance, telecom, and automotive. Experian merges information on more than 1 billion consumers and businesses and provides insights that benefit consumers with managing financial well-being and businesses with credit risk assessment, improved fraud detection, and more effective targeting strategies. In identity verification, Experian provides full-portfolio solutions like Background & Employment Screening, Charity Screening, KYC/ID Certification, and Rental Screening with behavior analytics enablement, APIs, and full work reports. With a range of products from credit reporting to fraud management and high-end analytics, Experian assists organizations in making better decisions and complying with regulations. With its pervasive global presence and deep data intelligence solutions, the company is the market leader in risk and security management powered by data.

LexisNexis Risk Solutions (US) is a world-leading provider of data and analytics with visionary information-based solutions for fraud prevention, credit risk management, regulatory compliance, and Know Your Customer (KYC). It offers solutions across industries like insurance, healthcare, finance, and government and empowers organizations to enhance their data insights, decide on risk, and profile behavior. In the identity verification space, the company offers solutions like Flex ID, InstantID, and Instant Verify, which provide frictionless onboarding via friction reduction, rapid consumer verification, and blocking identity fraud. These flexible solutions enhance compliance, facilitate improved decision-making, and provide secure, real-time verification natively integrated with business processes.

Equifax (US) is a leading player in the Identity Verification Market, leveraging advanced data analytics and AI-driven technologies to provide secure, real-time identity authentication solutions. The company offers a suite of identity verification and fraud prevention services, including document verification, biometric authentication, and knowledge-based authentication (KBA), catering to industries such as financial services, healthcare, and government. With its robust data infrastructure and global reach, Equifax helps organizations reduce identity fraud, ensure compliance with regulatory standards, and enhance customer onboarding experiences.

Thales Group, headquartered in France, is a prominent global player in the identity verification market, offering advanced digital identity solutions that integrate biometrics, artificial intelligence, and document authentication. Following its 2019 acquisition of Gemalto, Thales has enhanced its capabilities in secure identity management, providing services such as facial recognition, document verification, and AI-driven onboarding processes. Its Identity Verification Suite is a fully automated, privacy-focused solution designed to minimize ID fraud risks and streamline customer onboarding across various sectors, including finance, government, healthcare, and telecommunications. Thales' solutions are deployed in over 40 document verification projects worldwide and support a vast database of ID documents, ensuring compliance with regulatory standards and enhancing user trust in digital interactions.

GB Group plc (GBG), headquartered in Chester, UK, is a global leader in identity verification and fraud prevention, offering solutions that help businesses validate customer identities, detect fraud, and ensure regulatory compliance. With over 30 years of experience, GBG's services encompass identity verification, location intelligence, and fraud management, leveraging data from over 280 sources across 190 countries to verify the identities of more than 4.4 billion individuals. The company's product suite includes tools like IDScan, ID3global, and Loqate, facilitating seamless customer onboarding and risk mitigation for clients in sectors such as finance, e-commerce, and telecommunications. GBG has expanded its global footprint through strategic acquisitions, including IDology in the U.S. and Cloudcheck in New Zealand, and serves over 21,000 customers across more than 70 countries.

Market Ranking

The identity verification market is extremely competitive, with five leaders—TransUnion, Experian, LexisNexis Risk Solutions, Equifax, and Thales—collectively controlling about 45–50% of the market. TransUnion provides strong identity and fraud solutions using sophisticated credit and behavior data analysis. Experian stands out for its extensive data aggregation, behavior analytics, and large portfolio in KYC, employment screening, and fraud prevention. LexisNexis Risk Solutions utilizes proprietary and public data assets to provide precise risk information and identity verification solutions via Flex ID, InstantID, and Instant Verify. Equifax brings credit intelligence and identity products together to provide secure onboarding of customers and anti-fraud programs. Thales offers robust digital identity infrastructure and authentication capabilities, addressing the government and commercial markets. The balance of the market is supported by the cross-over of regional and emerging providers as increasing digital onboarding demands, regulatory needs, and identity fraud threats propel expansion and development in the market.

Related Reports:

Identity Verification Market by Application (Access Control & User Monitoring, KYC, KYB & Onboarding, Identity Fraud Compliance & Forensics), Type (Biometrics, Non-biometrics), Vertical (BFSI, Healthcare, Education) - Global Forecast to 2030

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