According to IMARC Group’s latest report, tittle “Identity Verification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027." The global identity verification market reached a value of US$ 8.6 Billion in 2021. Identity verification is a security service solution employed in corporate, private, and governmental institutions for verifying consumer information accurately. It is also utilized for examining the credibility of various documents, such as identity cards, driving license, passport and know your customer (KYC), to avoid fraudulent activities. Currently, identity verifications methods can be categorized into different types, including knowledge-based, two-factor, database, online, and biometric. 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request for a PDF sample of this report: https://www.imarcgroup.com/identity-verification-market/requestsample

The increasing need for curbing fraudulent activities across industries represents one of the primary factors driving the global identity verification market growth. For instance, the banking, financial services, and insurance (BFSI) industry extensively utilizes identity verification solutions to ensure secure and seamless transactions. In line with this, the rising prevalence of cyber-attacks is contributing to the market growth further. Other factors, such as the increasing integration of the Internet of Things (IoT) and cloud-based services in identity verification systems and the implementation of stringent governmental regulations, are creating a positive outlook for the market. Looking forward, IMARC Group expects the market to reach US$ 22.9 Billion by 2027, exhibiting a CAGR of 17.6% during 2022-2027.

Competitive Landscape:

Acuant Inc.AuthenticID Inc.Equifax Inc.Experian PLCIntellicheck Inc.Jumio CorporationMastercard Inc.Mitek Systems Inc.OnfidoThales GroupTransUnion and Trulioo.

Key Market Segmentation:

Breakup by Type:

BiometricsNon-Biometrics

Breakup by Component:

SolutionsServices

Breakup by Deployment Mode:

On-premisesCloud-based

Breakup by Organization Size:

Small and Medium-sized EnterprisesLarge Enterprises

Breakup by Vertical:

BFSIGovernment and DefenseHealthcare and Life SciencesRetail and E-CommerceIT and TelecommunicationEnergy and UtilitiesOthers

Breakup by Region:

North America (United States, Canada)Europe (Germany, France, United Kingdom, Italy, Spain, Others)Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)Latin America (Brazil, Mexico, Others)Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Explore full report with TOC & List of Figures: https://www.imarcgroup.com/identity-verification-market

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:                                                             

Market Performance (2016-2021)Market Outlook (2022-2027)Market TrendsMarket Drivers and Success FactorsThe Impact of COVID-19 on the Global MarketValue Chain AnalysisStructure of the Global MarketComprehensive 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.

Related Reports:

Europe Aluminum Powder Market:By IMARC Group

Awning Market: By IMARC Group

Smart Mirror Market: By IMARC Group

Biomass Gasification Market: By IMARC Group 

Sales Force Automation Software Market: By IMARC Group

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.

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

30 N Gould St Ste R

Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

0