openPR Logo
Press release

Global Identity Verification Software Market 2019 Top Manufacturers – Trulioo (Canada), Acuant (The U.S.), Jumio (The U.S.) etc.

10-13-2021 09:23 AM CET | IT, New Media & Software

Press release from: StraitsResearch

Identity Verification Software Market

Identity Verification Software Market

Identity Verification Software Market Snapshot:

Globally, the identity verification software market was valued at USD 5.31 in 2019 and is expected to reach USD 14.34 billion by 2027, with a CAGR of 15.7% during the forecast period, 2020–2025.

According to McKinsey Global Report, economies such as the U.S., the U.K., and China have significant ID coverage. However, emerging economies such as India, Brazil, Nigeria, and Ethiopia lack coverage to a significant share of the population. Additionally, a major share of these populations lacks access to digital ID, which eventually drives the identity verification market. Identity verification refers to a process that validates traits to verify that the data presented to a business or entity pertains to a real person. It allows a person with digital credentials to gain access to online accounts, activities, and services. When an individual claims his/her own identity with the concerned party for the first time, the identity of the person is verified to ensure its authenticity. This process is known as account onboarding.

The global Identity Verification Software Market is expected to grow at a steady growth during the forecast period 2020-2025, Identity Verification Software Market report offers insights into the latest trends. It summarizes key aspects of the market, with a focus on leading key player’s areas that have witnessed the highest demand, leading regions, and applications. It offers qualitative as well as quantitative information regarding the factors, challenges, and opportunities that will define the growth of the market over 2019-2029. The report aims at historical occurrences, talks about the present status of the industry, and also provides valuable forecast information up to 2025. Every organization partaking within the global production of the Identity Verification Software market products is mentioned during this report, so as to review the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.

The ubiquity of smartphones, coupled with widespread internet accessibility, has led to tremendous growth across industry verticals. The development of cloud infrastructure has digitalized businesses, not only increasing the profitability of services but also enhancing customer experience. As per GSMA, globally, smartphone adoption is expected to reach 2.9 billion by 2020. The adoption of smartphones, coupled with affordable online and internet services, is expected to have a significant impact on financial services. P2P payments, check cashing services, international transfers, and loan origination, among others, have become seamless, which is expected to positively influence the identity verification software market during the forecast period.

On the flip side, the lack of security solutions and rising incidents of suspicious activities through the online channel have increased security concerns in the vertical. The below tables list data breach cases through the online channel as per the 2019 Data Breach Investigation Report published by Verizon.

Obtain Brochure For Latest Technology Advancements @ 
https://straitsresearch.com/report/identity-verification-software-market/request-sample

The Major Prominent Players Covered in this Report:
Trulioo (Canada), Acuant (The U.S.), Jumio (The U.S.), IDMERIT (The U.S.), Equifax (The U.S.), Experian (Ireland), Gemalto (The Netherlands), IDEMIA (France), Authenteq (Iceland), LexisNexis (The U.S.), Shufti Pro (The U.K.), Onfido (England), TransUnion (The U.S.), Mitek Systems (The U.S.), iDenfy (Lithuania), , Some of the other companies that hold significant value shares in the identity verification software market include Evident, EveryoneAPI, OneSpan, Oaro Identity, Melissa Digital Identity Verification, Mati, IDVision, IDresponse, IDology, Inc., and IdentityMind's 2.0 platform, among others. & More.

By End-Users, Corporate, Government, Education, Food and Beverage, Others

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Identity Verification Software in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Identity Verification Software market during the forecast period 2020-2025. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Identity Verification Software and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Identity Verification Software. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

Buy Full Report with Detail Analysis with COVID-19 Impact – https://straitsresearch.com/buy-now/identity-verification-software-market/global/

Key Questions Answered in The Report:
What will the Identity Verification Software market growth rate?
What are the key factors driving the global Identity Verification Software market?
Who are the key manufacturers in the Identity Verification Software market space?
What are the market opportunities, market risk, and market overview of the Identity Verification Software market?
What are sales, revenue, and price analysis of top manufacturers of the Identity Verification Software market?
Who are the distributors, traders, and dealers of the Identity Verification Software market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Identity Verification Software Industry?
What are sales, revenue, and price analysis by regions of Identity Verification Software industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Collaborative Efforts by Vendors in the Global Identity Verification Market -
On February 2, 2020, Jumio, one of the leading providers of AI-powered identity verification solutions, partnered with CIMB Bank Philippines’ all-digital bank to offer a seamless digital onboarding solution to citizens of the Philippines. Jumio entered the partnership with an aim to increase its market profitability from the BFSI sector.

In January 2020, Acuant, an identity verification solutions provider, partnered with Nikia Dx to enhance the latter’s security and compliance offerings. The partnership allows the latter to access the former’s Trusted Identity platform, which is backed by artificial intelligence. Additionally, it will help the latter’s customers with secure digital transactions. The partnership will help Acuant expand its customer base, eventually strengthening its foothold in the identity verification software market.

In December 2019, Trulioo, a Canada-based Identity verification solution provider, extended its geographical coverage by partnering with two Western African states, namely Ghana and Nigeria. The company offered its GlobalGateway verification platform, which helped the two nations capture data from various sources.

In February 2019, Mitek, a leading provider of mobile capture and digital identity verification solutions, partnered with BioMetric Signature ID, gesture-based biometrics for ID verification and access management solution provider, to provide digital identity proofing for instant and seamless gesture biometric registration process. The partnership allowed both the companies to strengthen their product portfolios, thereby helping their expand their customer base and strengthen their presence in the identity verification software market.

Browse Full Report @ 
https://straitsresearch.com/report/identity-verification-software-market/

Even if your business is a multinational venture or a single storefront, we believe innovation is the key to progress, in both what you build and how you promote your products and brands.

View this report with a detailed description and TOC @ 
https://straitsresearch.com/report/identity-verification-software-market/toc

So let's put our minds together. We'll make your vision a reality and help you grow.

For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Identity Verification Software Market 2019 Top Manufacturers – Trulioo (Canada), Acuant (The U.S.), Jumio (The U.S.) etc. here

News-ID: 2427032 • Views: 432

More Releases from StraitsResearch

Nanosatellite and Microsatellite market Top Business Strategies, Technological I …
Nanosatellite and Microsatellite Market 2022-2026 The Global Nanosatellite and Microsatellite Market involves an ideal combination of primary and secondary research with the help of which the experts’ inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability. The Major Players Covered in
Chocolate Market Report 2022: Exponential Growth by Market Size, Share, Trends a …
Chocolate Market 2022-2026 The Global Chocolate Market involves an ideal combination of primary and secondary research with the help of which the experts’ inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability. The Major Players Covered in this Report: Mars Inc. Hersheys Co Nestlé
Power Electronics Market Emerging Trends, Growth Factors, Business Opportunities …
Power Electronics Market 2022-2026 The Global Power Electronics Market involves an ideal combination of primary and secondary research with the help of which the experts’ inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability. The Major Players Covered in this Report: Infineon
Industrial Robots Market: Top Manufacturers, Consumption, Sales, Revenue & Trend …
Industrial Robots Market 2022-2026 The Global Industrial Robots Market involves an ideal combination of primary and secondary research with the help of which the experts’ inferences and calculations are derived. Our reports are revised at regular intervals to be able to give recent information to our clients and help them make efficient business decisions. The information provided in the reports is verified in terms of quality and reliability. The Major Players Covered in this Report: ABB,

All 5 Releases


More Releases for Identity

Presidio Identity Aims to Eliminate Identity Theft and Financial Fraud with Inno …
Presidio Identity Aims to Eliminate Identity Theft and Financial Fraud with Innovative Trust and Identity Services Startup emerges from stealth to focus on banking and financial services digital initiatives; raises $1.55 million seed round San Francisco, CA, August 17, 2020 – Presidio Identity, Inc., a provider of cloud-based trust and identity services, announced today the close of $1.55 million in initial funding in a seed round led by Marc Benioff, with participation
Consumer Identity Access Management Market By Directory Services Identity Proofi …
Consumer Identity Access Management Market accounted for USD 13.75 billion in 2016 growing at a CAGR of 16.75% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. New research report of Consumer Identity Access Management Market Analysis with Top Companies as recent as 2017
Consumer Identity Access Management Market Directory Services Identity Proofing/ …
Global Consumer IAM Market accounted for USD 13.75 billion in 2016 growing at a CAGR of 16.75% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. New research report of Global Consumer IAM Market Analysis with Top Companies as recent as 2017 and forecasts
“LeClair Group” Launches New Identity & Services
Saint Paul, Minnesota – Margaret LeClair, CEO, announced today that LeClair Insurance is changing its name to “LeClair Group,” and bringing a new package of services to market in connection with the roll-out of federal health care reform. LeClair Group is capitalizing on its strength and history in providing health insurance products to now offer employee benefit services and human resource consulting, in addition to traditional health and life insurance brokerage
New solution: ″CodeMeter Identity″ verifies online identity
Many companies use the power of the Internet, (Extranet or Intranet) to provide proprietary information intended only for the eyes of a select group. Such a group might be members of a private organization, customers, partners, dealers, service staff or project groups. To keep this information from falling into the wrong hands it is important that authorized persons be able to provide positive identification via secure and well-established security protocols.
Identity Defense Initiates Advisory Board
Stephen J. Suhowatsky named Chairman of Advisory Board [Syracuse NY-June 5, 2007] – Identity Defense.com, a Syracuse based company committed to helping individuals defend their identity from theft and fraud, created an Identity Defense Advisory Board. Stephen J. Suhowatsky has been named its initial member. The board will be comprised of business professionals whose input and experience will enhance the Identity Defense team. Stephen J. Suhowatsky is a seasoned executive with