openPR Logo
Press release

Identity Verification Market Is Anticipated To Reach USD 27.2 Billion in 2032 | GBG, Equifax, Mitek Systems

11-14-2023 10:37 AM CET | IT, New Media & Software

Press release from: Global Insight Services

Identity Verification Market

Identity Verification Market

Identity verification is the process of confirming that someone is who they say they are. This can be done in a number of ways, but typically involves comparing information provided by the individual to other data sources, such as a government-issued ID or a credit report.

Download Free Sample of Report - https://www.globalinsightservices.com/request-sample/GIS20281

In many cases, identity verification is simply a matter of verifying that the information provided matches what is on file. However, in some cases, it may also involve more sophisticated methods, such as biometric data or knowledge-based authentication.

The goal of identity verification is to ensure that the person is who they claim to be, and to prevent fraud or other malicious activity. It is an important security measure for both individuals and businesses.

The Identity Verification Market size was USD 9.5 Billion in 2022 and is anticipated to reach USD 27.2 Billion in 2032, growing at a rate of 10.8% from 2023 to 2032.

Key Trends

There are three key trends in Identity Verification technology:

The move towards biometric-based authentication: This trend is being driven by the increasing availability of biometric devices (such as fingerprint scanners and iris scanners) and the need for more secure authentication methods.

The increasing use of artificial intelligence: AI is being used to verify identities more accurately and efficiently.

The rise of mobile ID verification: With the increasing use of smartphones, more businesses are offering mobile ID verification solutions.

Request Customization: https://www.globalinsightservices.com/request-customization/GIS20281

Key Drivers

There are a few key drivers of the identity verification market. The first is the increasing need for organizations to verify the identities of their customers and employees. This is driven by the need to comply with regulations and to protect against fraud.

The second driver is the increasing availability of data and technology that can be used for identity verification. This includes data from social media, government databases, and private companies.

The third driver is the increasing awareness of the importance of identity verification. This is driven by the media coverage of identity theft and fraud, as well as the increasing number of data breaches.

Market Segmentation

The global identity verification market is segmented by type, verticals, component, deployment mode, organization size, and region. By type, the market is divided into biometric, and non-biometric. By verticals, the market is bifurcated into BFSI, government, defense, healthcare & life Science, retail & eCommerce, IT & ITeS, and energy & utilities. By component, the market is classified into solutions, and services. By deployment mode, the market is bifurcated into cloud and on-premises. By organizational size, the market is bifurcated into SEMs, and large enterprises. By region, the market is classified into North America, Europe, Asia-Pacific, and the rest of the world.

Procure Complete Report (pdf with Insights, Charts, Tables, and Figures) https://www.globalinsightservices.com/checkout/single_user/GIS20281

Key Players

The global identity verification market includes players such as Experian, GBG, Equifax, Mitek Systems, Thales Group, LexisNexis Risk Solutions, Onfido, Trulioo, Acuant, and IDEMIA.

 About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

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 Identity Verification Market Is Anticipated To Reach USD 27.2 Billion in 2032 | GBG, Equifax, Mitek Systems here

News-ID: 3286681 • Views:

More Releases from Global Insight Services

Submersible Pump Market Is Anticipated To Expand From $14.5 Billion In 2024 To $21.8 Billion By 2034
Submersible Pump Market Is Anticipated To Expand From $14.5 Billion In 2024 To $ …
Market Overview The Submersible Pump Market is anticipated to expand from $14.5 billion in 2024 to $21.8 billion by 2034, registering a steady CAGR of approximately 4.2%. Submersible pumps are designed for submerged operations in various fluids, enabling efficient water extraction, sewage treatment, and oil and gas applications. These pumps are extensively used across sectors such as agriculture, municipal infrastructure, and industrial processes, offering reliable performance in demanding environments. The market's
Special Mission Aircraft Market Is Anticipated To Expand From $17.3 Billion In 2024 To $29.9 Billion By 2034
Special Mission Aircraft Market Is Anticipated To Expand From $17.3 Billion In 2 …
Market Overview The Special Mission Aircraft Market is witnessing substantial expansion, driven by the rising need for versatile and technologically advanced aircraft tailored for unique operational roles. These aircraft are not limited to traditional transport duties but are equipped for specific missions such as intelligence gathering, surveillance, reconnaissance, search and rescue, and maritime patrol. As defense and homeland security agencies worldwide focus on enhancing situational awareness and operational efficiency, the Special
Medical Tourism Market Is Anticipated To Expand From $115.6 Billion In 2024 To $346.1 Billion By 2034
Medical Tourism Market Is Anticipated To Expand From $115.6 Billion In 2024 To $ …
Market Overview The Medical Tourism Market has emerged as a transformative force within the global healthcare ecosystem, offering patients an affordable and accessible alternative to high-cost treatments in their home countries. It represents a growing trend where individuals travel abroad to receive medical services ranging from elective cosmetic procedures to complex surgeries. The demand surge is primarily fueled by cost-effectiveness, high-quality care, shorter waiting times, and the availability of advanced treatments
Magnetic Sensor Market Is Anticipated To Expand From $5.42 Billion In 2024 To $12.48 Billion By 2034
Magnetic Sensor Market Is Anticipated To Expand From $5.42 Billion In 2024 To $1 …
Market Overview The Magnetic Sensor Market is anticipated to expand from $5.42 billion in 2024 to $12.48 billion by 2034, growing at a CAGR of approximately 8.7%. This rapid growth reflects the rising integration of magnetic sensing technologies across diverse industries such as automotive, consumer electronics, healthcare, and industrial automation. These sensors are essential for detecting magnetic fields and translating them into electrical signals, enabling applications like navigation, position sensing, current

All 5 Releases


More Releases for Identity

Comprehensive Automated Online Identity Verification Services | ARGOS Identity
ARGOS Identity offers comprehensive automated online identity verification services that streamline and secure the customer onboarding process. These services are designed to enhance identity management in sectors requiring reliable verification, such as banking, finance, and government. ARGOS's Identity Verification Solutions - Global ID Verification: ARGOS can analyze over 4,000 types of IDs from around the world, providing reliable verification across borders, regardless of the ID type or country of origin. This global reach
Identity Empowered: Consumer Identity and Access Management Market Redefining Se …
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033 The Business Research Company offers in-depth market insights through Consumer Identity and Access Management Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments. Market Size And Growth Forecast: The consumer identity and access management market size has
Decentralized Identity Systems Market Enhancing Identity Management with Decentr …
The Report on "Decentralized Identity Systems Market" provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making. Market Growth of Decentralized Identity Systems Market: The decentralized identity systems market is experiencing significant growth as digital identity solutions evolve to address privacy concerns and enhance security. With the adoption of blockchain and distributed ledger technologies, the
Decentralized Identity Management Market Worth Observing Growth | Microsoft, Ser …
Latest Study on Industrial Growth of Decentralized Identity Management - Global and China Top Players Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Decentralized Identity Management - Top Players market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the
Identity Verification Market
New York, Global Identity Verification Market report from Global Insight Services is the single authoritative source of intelligence on Identity Verification Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories,
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