Identity Verification Market Size Share Demand Analysis 2022-2029

The Identity Verification Market is expected to grow at a CAGR of 11% during the forecast period 2022-2029. North America region has the highest market share in the Identity Verification Market, and it is further continuing its dominance during the forecast period.

Browse Full Report at: https://www.datamintelligence.com/research-report/identify-verification-market

Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.

Market Drivers:

The market is being driven by the rising demand for KYC, anti-money laundering procedures, fraud protection, and compliance with labor licensing laws, among other things, as businesses, banks, and government institutions become increasingly digital. In 2019, India processed approximately 27 billion identity verification authentication requests, approximately 1.2 billion Aadhaar numbers as unique identification numbers, and approximately 100 million queries per day, according to the World Bank Organization.

As a result, there is a significant demand for the identity verification market as a means of protecting electronic data. Banking, finance, Government and Defence, Healthcare, BFSI, Retail, IT & Telecom, Energy, and Utilities are among the industries adopting digital advanced technology like block chain identity solutions. For instance, IBM and Visa Company launched a Block chain-Based Digital Identity System in March 2019 to make cross-border payments simpler. Additionally, Microsoft launches a block chain-based decentralized identity system on May 29, 2019. By controlling identifiers and PKI entries through a decentralized identity ecosystem, this helped ensure the privacy of any organization's individual data.

Download Sample Report at: https://www.datamintelligence.com/download-sample/identify-verification-market

Market Segmentation:

By Components:
• Services for the ICT industry
• Solutions

By Deployment Mode:
• Cloud-based
• On-premise based

By Organization Size:
• Small Enterprises
• Medium-sized Enterprises
• Large Enterprises
• Others

By End-Users:
• Government and Defense
• Healthcare
• BFSI
• Retail
• IT and Telecom
• Energy and Utilities
• Others

Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Major Companies Listed:

BAE Systems, IDEMIA, Gemalto, Authenteq Ltd, Experian, Acuant, Onfido, Mitek Systems, Inc., Acuant, Thales Group, LexisNexis, Equifax, and Trulioo are the leading market players with significant market share.

Trending Topics:

Distributed Antenna System Market: https://www.datamintelligence.com/research-report/distributed-antenna-system-market

Optical Power Meter Market: https://www.datamintelligence.com/research-report/optical-power-meter-market

Tunable Laser Market: https://www.datamintelligence.com/research-report/tunable-laser-market

DataM Intelligence 4market Research LLP
Ground floor, DSL Abacus IT Park,
Industrial Development Area, Uppal,
Hyderabad, Telangana 500039.

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

We monitor and analyse the market by dissecting various market influencers, competitive intensity, innovations, trends, and emerging products. This aids us in providing a detailed scenario of the present and future of the market.

This release was published on openPR.