Saudi Arabia Identity Verification Market

Saudi Arabia Identity Verification Market Overview:

The Saudi Arabia identity verification market size reached USD 128.08 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 429.84 Million by 2033, exhibiting a growth rate (CAGR) of 14.40% during 2025-2033. The increasing utilization of artificial intelligence (AI) that assists companies in staying compliant with stringent data protection regulations is positively influencing the market. Besides this, the growing concerns about identity theft and fraud, which are encouraging organizations to adopt secure authentication systems, are contributing to the expansion of the Saudi Arabia identity verification market share.

Saudi Arabia Identity Verification Market Trends:

Rising utilization of AI

Increasing adoption of AI is offering a favorable market outlook. AI helps companies and government agencies analyze identity documents, facial biometrics, and behavioral patterns with high accuracy and speed. In sectors like banking, telecom, and healthcare, AI-based identity verification ensures smooth and secure onboarding of users. AI algorithms aid in recognizing forged documents and suspicious user behavior in real time, thereby improving trust. In Saudi Arabia, where digital transformation is rapidly growing under Vision 2030, AI enhances remote verification processes and supports digital identity initiatives. AI tools enable real-time facial recognition and liveness detection, reducing manual errors and wait times. As more services are moving online, especially in financial and public sectors, AI provides scalable identity solutions that keep up with rising user demand. It also assists companies in staying compliant with strict data protection regulations. The ability of AI to adapt and learn from new threats is enhancing its employment. Businesses prefer AI-based verification because it reduces operational costs while improving user experience. As Saudi Arabia continues to modernize its digital infrastructure, AI remains a key technology driving growth and innovations in the identity verification market. As per the IMARC Group, the Saudi Arabia AI market is set to attain USD 4,018 Million by 2033, exhibiting a CAGR of 15.80% from 2025-2033.

Increasing concerns about identity theft and fraud

Rising concerns over identity theft and fraud are fueling the Saudi Arabia identity verification market growth. As more services are shifting online, the risk of unauthorized access, financial fraud, and misuse of personal data is increasing. Businesses and government agencies prioritize protecting customer information and preventing impersonation, which leads to higher demand for robust identity verification solutions. These solutions use biometrics and document verification to confirm a person’s identity accurately. In Saudi Arabia, sectors like banking and telecom depend on secure identity checks to maintain customer trust and comply with regulations. With frequent cyber threats and increasing cases of digital fraud, organizations are investing in tools that detect and block fraudulent activities in real time. Moreover, the expansion of e-commerce portals in the country is creating the need for secure and seamless customer authentication. As per industry reports, the e-commerce market is set to reach USD 14.38 Billion, with a compound annual growth rate (CAGR) of 11.05% from 2024 to 2029.

Saudi Arabia Identity Verification Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, component, deployment mode, organization size, and vertical.

Type Insights:

• Biometrics
• Non-Biometrics

The report has provided a detailed breakup and analysis of the market based on the type. This includes biometrics and non-biometrics.

Component Insights:

• Solutions
• Services

A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes solutions and services.

Deployment Mode Insights:

• On-premises
• Cloud-based

The report has provided a detailed breakup and analysis of the market based on the deployment mode. This includes on-premises and cloud-based.

Organization Size Insights:

• Small and Medium-sized Enterprises
• Large Enterprises

The report has provided a detailed breakup and analysis of the market based on the organization size. This includes small and medium-sized enterprises and large enterprises.

Vertical Insights:

• BFSI
• Government and Defense
• Healthcare and Life Sciences
• Retail and E-Commerce
• IT and Telecommunication
• Energy and Utilities
• Others

The report has provided a detailed breakup and analysis of the market based on the vertical. This includes BFSI, government and defense, healthcare and life sciences, retail and e-commerce, IT and telecommunication, energy and utilities, and others.

Regional Insights:

• Northern and Central Region 
• Western Region 
• Eastern Region 
• Southern Region 

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Saudi Arabia Identity Verification Market News:

• In April 2025, IDEMIA Public Security teamed up with Saudi Arabia’s Technology Control Company (TCC) to work on enhancing digital identity, biometrics, and smart city technologies. The collaboration aimed to support Saudi Arabia’s Vision 2030, which sought to improve security, operational effectiveness, and services for citizens throughout the Kingdom. It was intended to implement AI-based biometric identification systems in multiple areas, such as border security, transport, and city infrastructure.
• In September 2024, the Saudi Arabian Ministry of Interior initiated the first stage of digital identity services for the financial industry, which were incorporated into the Absher electronic platform. The solution was intended to simplify financial transactions and enhance security. Linking financial institutions to the government’s platform enabled individuals to verify their identities online and perform multiple financial transactions. It aimed to enhance the user experience while also bolstering data security and measures to prevent fraud.

Saudi Arabia Identity Verification Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia identity verification market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia identity verification market on the basis of type?
• What is the breakup of the Saudi Arabia identity verification market on the basis of component?
• What is the breakup of the Saudi Arabia identity verification market on the basis of deployment mode?
• What is the breakup of the Saudi Arabia identity verification market on the basis of organization size?
• What is the breakup of the Saudi Arabia identity verification market on the basis of vertical?
• What is the breakup of the Saudi Arabia identity verification market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia identity verification market? 
• What are the key driving factors and challenges in the Saudi Arabia identity verification market?
• What is the structure of the Saudi Arabia identity verification market and who are the key players?
• What is the degree of competition in the Saudi Arabia identity verification market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia identity verification market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia identity verification market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia identity verification industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.