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IMARC Group, a leading market research company, has recently releases report titled “Identity Verification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.” The study provides a detailed analysis of the industry, including the global identity verification market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the ambulance services market?

Report Attributes

Details

Market Size in 2021

US$ 8.6 Billion

Market Forecast in 2027

US$ 22.9 Billion

Growth rate (2022 to 2027)

CAGR of 17.6%

Base Year of the Analysis

2021

Forecast Period

2022-2027

What is Identity verification?

Identity verification is the process of authenticating the credentials of an individual for security purposes. It commonly uses smartphone applications, multi-factor authentication, document verification, web-based platforms, voice recognition, and biometrics systems for monitoring access requests. In addition to this, identity verification solutions also assist in confirming the nationality, immigration status, personal credentials, employment, business registration, etc. Consequently, they find extensive applications in several industries, including defense, military, information technology (IT), telecommunications, banking, financial services and insurance (BFSI), etc., across the globe.

What are the growth prospects and trends in the Identity verification?

The growing prevalence of cyber security attacks and the emerging trend of enterprise mobility are primarily driving the identity verification market. Additionally, the rising instances of fraudulent activities and identity thefts, the widespread adoption of data security, the implementation of stringent regulations by government bodies to comply with safety standards, and the inflating digitalization are further catalyzing the market growth. Besides this, the escalating demand for work-from-home (WFH) business models, on account of the sudden outbreak of the COVID-19 pandemic, is propelling the need for efficient verification solutions during the remote hiring of candidates, which is acting as another significant growth-inducing factor. Moreover, the increasing integration of Artificial Intelligence (AI), cloud computing, Machine Learning (ML), and 360-degree Virtual Reality (VR) solutions with identity verification platforms is positively influencing the global market. Apart from this, they are also utilized by organizations to verify the identity of individuals when they are not physically present. Furthermore, banks and other financial institutions use anti-money laundering (AML) solutions to monitor customer risk and prevent new account frauds and scams, which is expected to fuel the identity verification market over the forecasted period.

Who are the key players operating in the industry?

The report covers the major market players including: 

  • Acuant Inc.
  • AuthenticID Inc.
  • Equifax Inc.
  • Experian PLC
  • Intellicheck Inc.
  • Jumio Corporation
  • Mastercard Inc.
  • Mitek Systems Inc.
  • Onfido
  • Thales Group
  • TransUnion and Trulioo.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • Biometrics
  • Non-Biometrics

Breakup by Component:

  • Solutions
  • Services

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by Organization Size:

  • Small and Medium-sized Enterprises
  • Large Enterprises

Breakup by Vertical:

  • BFSI
  • Government and Defense
  • Healthcare and Life Sciences
  • Retail and E-Commerce
  • IT and Telecommunication
  • Energy and Utilities
  • Others

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Request a Free PDF Sample of the Report:https://www.imarcgroup.com/identity-verification-market/requestsample

We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Key Highlights of the Report:       

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:                                                                     

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

 

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