Identity Verification Market is expected to undergo a CAGR of 15.34% during the forecast period 2022 to 2029.
Market Analysis and Insights Identity Verification Market
Identification verification refers to the services and products used to confirm the validity of a person's physical identity or their documentation, such as a driver's licence, passport, or another identity document that is issued nationwide. Identity verification is a crucial procedure that makes sure a person's identity corresponds to what it should.
The administration of the corporate security system will likely be significantly impacted by the rising complexity of security information platforms, IT-based tools, and solutions. Additionally, the worrisome rise in cyber security events has increased the demand for all firms to implement comprehensive security solutions
Furthermore, the factors such as rising urbanization, industrialization and growing number of end users globally have further contributed to the overall market expansion during the forecast period. Additionally, the evolution of the industrial internet of things (IIoT) and rising adoption of smart automation solutions are anticipated to drive the market's growth rate.
Identity Verification Market Scope
The identity verification market is segmented on the basis of application, component, type, deployment mode, organization size and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
· Credit Card Fraud
· Bank Fraud
Component
· Solutions
· Services
Type
· Non-Biometrics
· Biometrics
Deployment Type
· On-Premise
· Cloud
Organization Size
· Small and Medium-Sized Enterprises
· Large Enterprises
Vertical
· BFSI
· Government & Defense
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Identity Verification Market Country Level Analysis
The countries covered in the identity verification market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Competitive Landscape and Identity Verification Market Share Analysis
The Identity Verification Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Identity Verification Market.
Key Players Identity Verification Market
- Experian Information Solutions, Inc. (Ireland)
- B. Group plc (‘GBG’) (U.K.)
- Equifax, Inc. (U.S.)
- Mitek Systems, Inc. (U.S.)
- Thales (France)
- LexisNexis Risk Solutions Group. (U.S.)
- Onfido (U.K.)
- (Canada)
- Acuant, Inc. (U.S.)
- IDEMIA (France)
- Jumio (U.S.)
- TransUnion LLC. (U.S.)
- AU10TIX (Israel)
- (U.S.)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Identity Verification Market by Product & Procedure type
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