Identity Verification Market Marvelous Growth || Mitek Systems, Inc., PENNEO A/S, Jumio, Acuant, Inc., TransUnion LLC, Authenteq, Onfido, ForgeRock, Okta, Stripe and Ping Identity and More

Identity Verification market research document endows with deep market analysis to thrive in this competitive environment. Analysis and discussion of important industry trends, market size, market share estimates are mentioned in the report. Moreover, this market report gives idea to clients about the market drivers and restraints extracted from SWOT analysis and also provides all the CAGR projections for the historic year 2018, base year 2020 and forecast period of 2021-2027. The winning Identity Verification market report is a professional and a detailed market study focusing on primary and secondary drivers, market share, leading segments and geographical analysis. The research report on the Identity Verification market unearths the competitive terrain of the industry, which is inclusive of organizations like Mitek Systems, Inc., PENNEO A/S, Jumio, Acuant, Inc., TransUnion LLC, Authenteq, Onfido, ForgeRock, Okta, Stripe and Ping Identity and More. 

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Summary of the Report

The identity verification market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 13.0% in the forecast period of 2021 to 2028 and expected to reach USD 21,655.94 million by 2028. Growing demand for research and development activities is acting as major factor for the growth of the identity verification market.

In-depth qualitative analyses include identification and investigation of the following aspects:

Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter's Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify global extended reality market in every aspect of the classification from perspectives of Technology, Component, Device Type, Industry Vertical, End-user, and Region.

Based on technology, the global market is segmented into the following sub-markets with annual revenue for 2021-2027 (historical and forecast) included in each section.

Major Industry Competitors: Global Identity Verification Market

 Experian Information Solutions, Inc. (a subsidiary of Experian plc), LexisNexis Risk Solutions Group, Thales Group, ZIGNSEC AB, AccuraTechnolabs, GB Group plc ('GBG'), Precise Biometrics AB, Finansiell ID-Teknik BID AB, IDEMIA, Equifax, Inc., 

Browse in-depth TOC on "Identity Verification Market"
60- Tables
220- Figures
350 - Pages

Market Scope, Segments and Forecast of the Identity Verification Market

By Component (Solution and Services),

Type (Non-Biometrics and Biometrics),

Deployment Mode (On-Premise and Cloud),

Organization Size (Large Enterprises and SME’S),

Vertical (BFSI, Government & Defense, Energy & Utilities, Retail & Ecommerce, IT & Telecom, Healthcare, Gaming and Others), 

Identity Verification Market Scope and Market Size

The identity verification market is segmented on the basis of component, type, deployment mode, organization size and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of component, the identity verification market is segmented into solution and services. In 2021, solution segment held larger share in the identity verification market owing to factors such as shift toward digital transformation by various industries, increasing need to fight against data breach and fraud, surging government support toward data protection laws and regulations, requisite to fulfil KYC and AML compliance and easy on boarding of customers as well as employees.
On the basis of type, the identity verification market has been segmented into non-biometrics and biometrics. In 2021, biometrics segment held larger share in the identity verification market due to factors such as increasing smartphone penetration in merging countries and growing use of fingerprint identification, increased security of protected data, improved authentication security to combat new threats, surging dependency on digital technologies, enhanced customer satisfaction and rising trend for contactless biometric solutions.
On the basis of deployment mode, the identity verification market has been segmented into on-premise and cloud. In 2021, on-premise segment held larger share in the identity verification market as government and defense sector along various financial institutions prefer to use on-premise identity solutions, due to security policy restrictions, data sharing and availability of budget to invest in infrastructure.
On the basis of organization size, the identity verification market has been segmented into large enterprises and SME’s. In 2021, large enterprises segment held larger share in the identity verification market due to factors such as protection against increased cases of money laundering, data breach, identity theft, secured processing of high risk transactions, mandatory compliant to different regulations and protected digital payments.
On the basis of vertical, the identity verification market has been segmented into BFSI, government & defense, energy & utilities, retail & ecommerce, IT & telecom, healthcare, gaming and others. In 2021, government & defense segment held the largest share in the identity verification market owing to factors such as strong need to minimize cyber threats, adoption of risk-based fraud defense strategy, reducing the spread of fake information through stolen identities, ease of convenience in government agency onboarding process and ensuring the safety of citizens.

What ideas and concepts are covered in the report?

The assessments accounted by all the zones and the market share registered by each region are mentioned in the report.
The study sums up the product consumption growth rate in the applicable regions along with their consumption market share.
Data regarding the Identity Verification Industry market consumption rate of all the provinces, based on applicable regions and the product types is inculcated in the report.
Region-based analysis of the Identity Verification Industry market:
The Identity Verification Industry market, with regards to provincial scope is segmented into USA, Europe, Japan, China, India, and South East Asia. The report also includes information regarding the products use throughout the topographies.

Table of Contents

Report Overview: It includes major players of the global Identity Verification Market covered in the research study, research scope, and Market segments by type, market segments by application, years considered for the research study, and objectives of the report.
Global Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the global Identity Verification Market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the global Identity Verification Market are discussed.
Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.
Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.
Market Size by Application: Besides an overview of the Identity Verification Market by application, it gives a study on the consumption in the global market by application.
Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.

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Key Pointers of the Report

The Identity Verification Market estimation from 2020 to 2026 has been provided in the report covering all the aspects that would impact the market growth
Trend analysis has been also mentioned under the scope of the report
Identity Verification Market share analysis of the key players of the market have been provided in the report
Identity Verification Market drivers, restraints and opportunities have been extensively covered under the scope of the study

Data Sources & Methodology

The primary sources involves the industry experts from the Global Identity Verification  Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

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