Age Verification Statistics


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Steve Goldstein
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Age Verification Statistics 2023: Facts about Age Verification outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Age Verification, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Age Verification Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Age Verification Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 16 Age Verification Statistics on this page 🙂

Age Verification “Latest” Statistics

  • Age verification measures in the EU are intended to safeguard the 18% of the bloc’s population who are under the age of 18.[1]
  • In 87% of the situations, complete compliance was attained in retailers using remote age verification.[2]
  • The food and drug administration FDA has established 18 as the minimum age for purchasing and selling tobacco products.[3]
  • The following collection of age verification use cases in various sectors emphasizes these solutions’ significance and by the end of 2023, the eSports sector is expected to be worth more than $1.6 billion, according to estimates.[3]
  • Socure’s unrivaled identity coverage and data breadth boost compliance with up to 98% auto approvals across all age groups and demographics and unleash client growth.[4]

Age Verification “Verification” Statistics

  • 72% of online marketplaces have increased their deployment of ID verification technology during this worldwide epidemic, according to Trulioo, a supplier of global identity verification services.[5]
  • At a CAGR of 17%, the global identity verification market is anticipated to reach 177 billion in 2026.[5]
  • With a compound annual growth rate of 17.1%, the identity verification market is anticipated to increase from $8 billion in 2021 to $17.7 billion in 2026.[5]

Age Verification “Other” Statistics

  • 34% of transactions made in shops using id readers were completed accurately.[2]
  • Almost 41% of video games in the US are classified as adult and teen-rated, according to a Statista poll.[3]
  • According to Javelin Research Group, over a million adolescents were victims of online identity theft in 2017, causing a loss of $2.6 billion, of which about 540 were compensated by the families.[3]
  • Nearly 2.7 billion people play video games worldwide, and that figure is increasing rapidly, according to Newzoo.[3]
  • A report found that in 2015, over 1.46 billion people made purchases online, and by the end of 2021, that figure is projected to increase by 46%.[3]
  • According to PR Newswire, the cannabis sector is predicted to generate 73.6 million US dollars by the end of 2027.[3]
  • Due to GDPR’s strict requirements, companies who violate them might be subject to penalties of up to 4% of their annual worldwide revenue, or 225 million us dollars.[3]
  • The industry’s total revenue is now approximately 647.9 billion US dollars and is expected to grow at a pace of 5.6% starting in 2022 to 2027.[3]

Also Read

How Useful is Age Verification

One argument often heard in support of age verification is that it helps to protect minors from harmful content. Whether it’s explicit language, violent images, or adult themes, many websites and platforms have age restrictions in place to prevent underage individuals from accessing content that is not age-appropriate. Age verification measures, such as requiring individuals to input their birthdate or even upload identification documents, are seen as a way to enforce these restrictions and uphold standards of decency.

On the flip side, opponents of age verification argue that it is ineffective and overly intrusive. Many individuals see these measures as an unnecessary invasion of privacy, questioning why platforms need to know personal details about their age in order to access certain content. There are concerns about data security and the potential for identity theft or misuse of personal information when age verification is required.

Moreover, some critics point out that age verification can be easily bypassed by tech-savvy individuals. With the prevalence of fake IDs and online tools that generate false birthdates, some argue that age verification requirements are ultimately ineffective at preventing minors from accessing age-restricted content. This raises questions about the feasibility and efficiency of age verification measures in achieving their intended goals.

Despite these criticisms, the argument could be made that age verification, even with its flaws, serves a valuable purpose in certain contexts. For example, when it comes to online purchases of age-restricted products such as alcohol or tobacco, age verification can help ensure that only those of legal age are making purchases. This can not only prevent minors from accessing harmful substances but also protect retailers from potential legal liabilities.

Additionally, age verification can be seen as a way for platforms to demonstrate a commitment to safety and responsibility. By implementing age verification measures, companies and websites can signal to their users and the public that they take issues of age appropriateness seriously and are actively working to uphold community standards.

In conclusion, the debate over the usefulness of age verification is far from settled. While there are valid concerns about its effectiveness and potential drawbacks, there are also arguments in favor of its role in promoting safety and accountability in various online spaces. Ultimately, the challenge lies in finding a balance between protecting personal privacy and safeguarding vulnerable populations while also respecting the diverse needs and preferences of individuals in the digital age.

Reference


  1. iapp – https://iapp.org/news/a/age-verification-and-data-protection-far-more-difficult-than-it-looks/
  2. nih – https://pubmed.ncbi.nlm.nih.gov/28339552/
  3. shuftipro – https://shuftipro.com/blog/age-verification-use-cases-significance-and-regulations/
  4. socure – https://www.socure.com/
  5. globenewswire – https://www.globenewswire.com/en/news-release/2022/02/21/2388512/28124/en/Global-Identity-Verification-Market-Forecast-to-Reach-17-7-Billion-in-2026-at-a-CAGR-of-17.html
  6. aristotle – https://integrity.aristotle.com/

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