The global identity verification market accounted to US$ 5.52 Bn in 2018 and is expected to grow at a CAGR of 14.3% during the forecast period 2019 - 2027, to account to US$ 18.12 Bn by 2027. The growing sophistication of security information platforms and IT security-based tools & solutions is anticipated to have a profound impact on the overall management of the security ecosystem of an enterprise. The unprecedented growth in the number of cyber security incidents has further led to an increased need for robust security solutions across enterprises. The market demand for identity verification solutions has gained significant traction in the past few years owing to the versatile capabilities of these systems such as identity verification, data identification, fraud detection, and others.
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Some of The Leading Players In Global Identity Verification Market are Acuant, Inc., Authenteq, Gemalto N.V. (Thales Group), Idemia, Mitek systems, Inc., Experian information solutions, Inc., Jumio, LexisNexis, Onfido, Trulioo
Identity Verification Market Segmentation by Component (Solution, Services); Deployment (Cloud, On premises); Organization Size (SMES, Large enterprises); Industry (BFSI, Government and defense, Retail, Healthcare, It and telecom, Energy and Utilities) and Geography
The growing popularity of digitization and automation in various industry verticals that range from BFSI to healthcare is also anticipated to fuel the growth of the identity verification market during the forecast period of 2019 to 2027. Some of the prominent benefits of identity verification include real-time ID verification, extracting data directly from IDs without any friction, effective document authentication & verification, mitigate the risk of spoofing, and others. All these benefits and capabilities offered by identity verification provide long term benefits to enterprises. These versatile benefits are expected to drive the market growth of identity verification market.
Global Identity Verification Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
Identity Verification Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.
Answers That the Report Acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Identity Verification market.
- Key market trends cracking up the growth of the Identity Verification market.
- Challenges to market growth.
- Key vendors of Identity Verification market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Identity Verification market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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