Press release
Increasing Digital Fraud & Theft Boost Global Identity Verification Market Prospects
IDENTITY VERIFICATION MARKET
Browse 63 Market Data Tables and 56 Figures spread over 230 Pages, along with an in-depth analysis of the Global Identity Verification Market by Component, Deployment Type, Type, Organization Size, Vertical, & by Geography
Refer to the Report Summary Here: https://inkwoodresearch.com/reports/identity-verification-market/
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
The India identity verification market growth is anticipated to progress at a CAGR of 16.42% during the forecast period, 2023-2030, and is expected to record a revenue of $1166.56 million by 2030.
Here's a link to our Country Report Summary:https://inkwoodresearch.com/reports/india-identity-verification-market/
Global Identity Verification Market Scenario
The global identity verification market is witnessing significant growth due to the escalating threat of digital fraud and identity theft. Organizations and digital firms handling consumer data are facing increasing pressures to prioritize cybersecurity and protect sensitive information. As high-profile data breaches and online frauds affecting millions of consumers continue to make headlines, the need for robust online identity verification solutions has become paramount for businesses of all sizes.
A key growth driver of the global identity verification market is the surge in identity theft occurrences and the associated risks of fraudsters gaining unauthorized access to business networks, applications, and services worldwide. Identity theft has become a major concern for individuals across the globe, and its prevalence has seen a dramatic increase in recent years.
For instance, in 2022 alone, the Federal Trade Commission received staggering 5.7 million allegations of fraud and identity theft, with 1.4 million cases involving identity theft.
The Global Identity Verification Market report provides data tables and includes charts and graphs for visual analysis.
Request a Free Sample Report for the Global Identity Verification Market by Component, Deployment Type, Type, Organization Size, Vertical, & by Geography: https://inkwoodresearch.com/reports/identity-verification-market/#request-free-sample
Market Segmentation
Market by Type:
• Biometrics
• Non-Biometrics
Market by Organization Size:
• SMEs
• Large Enterprises
Market by Vertical:
• BFSI
• IT & ITES
• Government and DEFENSE
• Healthcare & Life Sciences
• Retail and E-Commerce
• Energy and Utilities
• Other Verticals
Market by Component:
• Solution
• Service
Market by Deployment Type:
• On-Premises
• Cloud
Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2032, using estimated market values as the base numbers
- Key market trends across the business segments, regions, and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities, and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2032
Companies Profiled
• TRULIOO INFORMATION SERVICES INC
• NUANCE COMMUNICATIONS INC
• TRUNARRATIVE
• THALES GROUP SA
• JUMIO CORPORATION
• AUTHENTICID
• ONFIDO LIMITED
• MASTERCARD INC
• EXPERIAN PLC
• INTELLICHECK INC
• EQUIFAX INC
• MITEK SYSTEMS INC
• IDEMIA
• TRANSUNION LLC
• GB GROUP PLC
Related Reports:
GLOBAL BIOMETRICS MARKET -
https://inkwoodresearch.com/reports/global-biometrics-market/
The global biometrics market is projected to register a CAGR of 19.21% during the forecast period, 2019-2027.
GLOBAL FACIAL RECOGNITION MARKET -
https://inkwoodresearch.com/reports/facial-recognition-market/
The global facial recognition market is expected to project a CAGR of 14.41% during 2021-2028.
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