The sales value of the electronic Know Your Customer (eKYC) and identity verification solution market in Japan was estimated at approximately 6.9 billion Japanese yen in fiscal year 2022. It was projected that the market size would increase in the coming years, reaching a value of almost 19.8 billion yen by fiscal year 2026. The projection was based on the assumption that more and more financial institutions, such as regional banks, would utilize eKYC services.
Sales value of the electronic Know Your Customer (eKYC) and identity verification solution market in Japan from fiscal year 2020 to 2022 with a forecast until 2026
(in billion Japanese yen)
fiscal year 2020 to 2022; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year
Special properties
based on sales at eKYC service providers and identity verification solution providers
Supplementary notes
*Forecast.
eKYC is an abbreviation of "electronic Know Your Customer," which refers to digitized online procedures that legitimately confirm the client identification in a non-face-to-face manner. Identity verification solution refers to a solution that verifies identity by utilizing the eKYC verified identity information. Research objects were eKYC vendors and financial institutions.
100 Japanese yen equal 0.66 U.S. dollars or 0.61 euros as of April 2024.
Values have been rounded.
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Yano Research. (July 18, 2023). Sales value of the electronic Know Your Customer (eKYC) and identity verification solution market in Japan from fiscal year 2020 to 2022 with a forecast until 2026 (in billion Japanese yen) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1301510/japan-ekyc-market-size/
Yano Research. "Sales value of the electronic Know Your Customer (eKYC) and identity verification solution market in Japan from fiscal year 2020 to 2022 with a forecast until 2026 (in billion Japanese yen)." Chart. July 18, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1301510/japan-ekyc-market-size/
Yano Research. (2023). Sales value of the electronic Know Your Customer (eKYC) and identity verification solution market in Japan from fiscal year 2020 to 2022 with a forecast until 2026 (in billion Japanese yen). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1301510/japan-ekyc-market-size/
Yano Research. "Sales Value of The Electronic Know Your Customer (Ekyc) and Identity Verification Solution Market in Japan from Fiscal Year 2020 to 2022 with a Forecast until 2026 (in Billion Japanese Yen)." Statista, Statista Inc., 18 Jul 2023, https://www.statista.com/statistics/1301510/japan-ekyc-market-size/
Yano Research, Sales value of the electronic Know Your Customer (eKYC) and identity verification solution market in Japan from fiscal year 2020 to 2022 with a forecast until 2026 (in billion Japanese yen) Statista, https://www.statista.com/statistics/1301510/japan-ekyc-market-size/ (last visited July 22, 2024)
Sales value of the electronic Know Your Customer (eKYC) and identity verification solution market in Japan from fiscal year 2020 to 2022 with a forecast until 2026 (in billion Japanese yen) [Graph], Yano Research, July 18, 2023. [Online]. Available: https://www.statista.com/statistics/1301510/japan-ekyc-market-size/
