E-KYC Industry Growth 鈥� Global Market Size & Tech Trends

Q: Which industries are adopting e-KYC at a fast pace?

Apart from banking and finance, telecom, insurance, real estate, and healthcare are among the major sectors embracing e-KYC to streamline onboarding.

Q: Why is e-KYC becoming a preferred solution across industries?

The convenience, speed, and security offered by e-KYC make it ideal for institutions aiming to digitize customer acquisition and meet regulatory standards.

Q: What hinders widespread implementation of e-KYC globally?

Challenges include inconsistent regulatory norms across regions, data privacy concerns, and limited digital infrastructure in low-income markets.

Q: How are new technologies transforming e-KYC?

Technologies like AI, machine learning, and biometric verification are enhancing accuracy, reducing fraud, and enabling real-time authentication.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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E kyc market size | Trends, Players & Forecast 2025

Code: MTA4258

Publication Date: Jun 2025

What is the E-KYC Market Size?

According to 绿帽社 internal database and industry insights, the Global e-KYC market was valued at approximately USD 1.5 billion in 2024 and is projected to exceed USD 7.4 billion by 2031, growing at a CAGR of 15.6%.

The stability in this growth trajectory is attributed to the ongoing digitization of identity verification, an increase in demand for frictionless onboarding in financial services, and evolving regulatory responsibilities for improved customer due diligence in various sectors.

Growth Factors

Increasing demand for frictionless digital onboarding in banking and fintech.
Continued adoption of frictionless KYC due to post-pandemic expectations set by consumers and banks.
Government initiatives to introduce digital ID initiatives.
Growing compliance obligations to combat money laundering and financial fraud.
Growing utilization of AI and biometric technology for associated identity verification.
Increasing volume of digital transactions for a mobile-first approach to financial services.

E-KYC Market Trends

The e-KYC Market will continue to be shaped by advances in automation and accuracy driven from AI-based document recognition, facial verification, and blockchain-based systems for ID. Innovations like real-time onboarding, cross-border identity prospects and the potential for compliance-as-a-service anticipations will remain popular.