The Address Verification Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Address Verification Software Market?
The market size of the address verification software has shown significant growth recently. The market which was valued at $1.71 billion in 2024 is expected to reach $1.84 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Address Verification Software Industry?
The Address Verification Software Global Market is projected to have a size of $2.62 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 9.2%.
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What are the Key Growth Drivers Fueling the Address Verification Software Market?
The key drivers in the address verification software market are:
• Rising trend of remote work and virtual services
• Integration of address verification software with AI and machine learning
• Expansion in healthcare and finance sectors necessitating reliable address data
• Need for data accuracy and enhanced data quality due to rapid urbanization and frequent address changes.
Global Market Segmentation: Identifying Major Address Verification Software Industry Segments
The address verification software market covered in this report is segmented –
1) By Product Type: Cloud Based, On-Premise
2) By Subscription Type: One Time License, Monthly, Quarterly, Yearly
3) By Device Used: Personal Computer, Laptops, Smartphones, Other Devices
4) By Application: Large Enterprises, Small And Medium Size Enterprises
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What are the Emerging Trends Shaping the Future of the Address Verification Software Market?
The key trends in the address verification software market are:
• There is an increasing focus on user experience within the market.
• The trend of industry-specific solutions is emerging.
• Address verification for Internet of Things (IoT) devices is a developing trend.
• Blockchain application for enhanced data security is becoming a significant trend.
Who Are the Top Competitors & Leading Players in the Address Verification Software Market?
Major companies in the address verification software market are:
• Rakuten Inc.
• Stripe Inc.
• Experian PLC
• Pitney Bowes Inc.
• GB Group PLC
• SmartSoft Inc.
• Ekata Inc.
• Melissa Data Corporation
• Simpler Postage Inc.
• BCC Software LLC
• TrueNorth Credit Solutions LLC
• DQE Software SAS
• Strikeiron LLC
• Datatech SmartSoft Software Inc.
• Data8 Limited
• AccuZIP Inc.
• Acme Associates Pte. Ltd.
• Anchor Software LLC
• Byteplant Technologies Private Limited
• ComplyCube Ltd.
• DataMatch Software Inc.
• Global-Z International Inc.
• PostGrid Inc.
• SmartyStreets LLC
• WinPure Ltd.
• Woosmap SAS
• Prism Data Services Inc.
• Addressy Inc.
• Egon
Regional Dominance: Which Area Leads the Global Address Verification Software Market?
North America was the largest region in the address verification software market in 2024
