Identity Verification Market was valued at US$ 7.9 Bn. in 2022. Global Identity Verification Market size is estimated to grow at a CAGR of 15.4 % over the forecast period.

Identity Verification Market Overview

The industry overview gives thorough details about the size of the market all the market dynamics including strategies, market revenue, pricing analysis, micro and macro market trends and scenarios & Industry benchmarks. The region wise consumer preference, market size & Industrial rivalry is also covered in detailed

Identity Verification Market Report Scope and Research Methodology

The Identity Verification Market size for individual segments were determined through various secondary sources including industry associations, white papers, and journals. Surveys, administering questionnaires and telephonic interviews with Identity Verification industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. The PESTLE analysis was used to understand the potential impact of the micro-economic and macro-economic factors affecting the Identity Verification Market.

Dedicated study of the rivalry in the industry is covered, which includes market leaders, followers, and new entrants. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive Identity Verification market engineering and calculations for market statistics; market size estimations, market forecasts, market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global Identity Verification market size, the bottom-up approach was used.

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Identity Verification Market Regional Insights

The regional analytics cover North America, South America, Asia Pacific, Europe & Middle East and Africa. The report includes a detailed explanation of market size, trends, competition & adoption of technology region wise.

Identity Verification Market Segmentation

The identity verification market is divided into solutions and services based on components. The solution segment, which accounted for the biggest market share in 2022, is anticipated to expand at a CAGR of 3.8% over the course of the forecast period. Due to factors like the move by various industries toward digital transformation, the growing need to combat data breach and fraud, the soaring government support for data protection laws and regulations, the requirement to fulfill KYC and AML compliance, and the ease with which customers and employees can be hired.

The identity verification industry has been divided into non-biometric and biometric categories based on type. Due to factors like rising smartphone penetration in merging nations, rising use of fingerprint identification, improved authentication security to counter new threats, growing dependence on digital technologies, improved customer satisfaction, and rising trend for contactless biometric solutions, the biometrics segment held a larger share of the identity verification market in 2021. Through the projection period, these factors will increase demand for the biometric category.

Identity Verification Market Key Players :

• Acuant
• Applied Recognition
• Au10Tix
• Authenteq
• Equifax
• Experian
• GB Group plc (GBG)
• Idemia
• Idenfy
• Idfy
• IDmerit
• Idology (GBG plc)
• Innovatrics
• Jumio
• Lexisnexis Risk Solutions
• Mitek Systems
• Onfido
• PXL Vision Ag
• Securekey Technologies Inc.
• Shufti Pro
• Signicat
• Thales Group
• Transunion

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Table Of content :

1. Global Identity Verification Market Size: Research Methodology

2. Global Identity Verification Market Size: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Identity Verification Market Size
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry

3. Global Identity Verification Market Size: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12. COVID-19 Impact

4. Global Identity Verification Market Size Segmentation
4.1. Global Identity Verification Market Size, by Types (2022-2029)
• Non-Biometrics
• Biometric
4.2. Global Identity Verification Market Size, by Component (2022-2029)
• Solution
• Services
4.3. Global Identity Verification Market Size by Deployment Mode(2022-2029)
• On-Premise
• Cloud
4.4. Global Identity Verification Market Size by Organization Size (2022-2029)
• Large Enterprises
• SME’S
4.5. Global Identity Verification Market Size by Vertical (2022-2029)
• BFSI
• Government & Defense
• Energy & Utilities
• Retail & Ecommerce
• IT & Telecom
• Healthcare
• Gaming
• Other

5. North America Identity Verification Market (2022-2029)
5.1. North America Identity Verification Market Size, by Types (2022-2029)
• Non-Biometrics
• Biometric
5.2. North America Identity Verification Market Size by Component (2022-2029)
• Solution
• Services
5.3. North America Identity Verification Market Size by Deployment Mode(2022-2029)
• On-Premise
• Cloud
5.4. North America Identity Verification Market Size by Organization Size (2022-2029)
• Large Enterprises
• SME’S
5.5. North America Identity Verification Market Size by Vertical (2022-2029)
• BFSI
• Government & Defense
• Energy & Utilities
• Retail & Ecommerce
• IT & Telecom
• Healthcare
• Gaming
• Other
5.6. North America Identity Verification Market, by Country (2022-2029)
• United States
• Canada
• Mexico

Key questions answered in the Identity Verification Market are:

What is Identity Verification?
What are the global trends in the Identity Verification Market?
What was the Identity Verification Total Market size in 2022?
What is expected Identity Verification Market size by 2029?
Who held the largest market share in Identity Verification Market?
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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Industrial Manipulator Market Size, Share, Size & Forecast by different segment | 2022−2029
Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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