Global Identity Verification Market is Expected to Grow Revenue up to USD 38,325.7 Million By 2030 with a Growing CAGR of 19.99% | Infinium Global Research

Infinium Global Research, a leading authority in market analysis, has recently released an exhaustive report on the Global Identity Verification Market. This comprehensive report delves into the segments and sub-segments of the global and regional identity verification landscape, outlining the drivers, restraints, and macro indicators impacting this sector over both short and long terms. According to the report, the global identity verification market is poised to witness an impressive Compound Annual Growth Rate (CAGR) of 19.99% during the forecast period of 2023-2030.

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Identity verification, utilizing face-based biometrics, machine learning, and verification authorities, serves to authenticate the individual behind a transaction, both online and in-person. Industries embracing identity verification services span digital businesses, financial services, telecom, gaming and entertainment, travel and leisure, and the sharing economy.

The pivotal growth drivers for the global identity verification market include stringent government regulations aimed at enhancing safety and security. The rise in data breach incidents and identity thefts has amplified the urgency for digital and paper-based identity verification. The surge in demand for Bring Your Own Device (BYOD) policies and the escalating number of fraud cases, particularly in the Banking, Financial Services, and Insurance (BFSI) sector, further propel the market's expansion. However, the high cost of identity verification solutions stands as a potential impediment to market growth. Nonetheless, the increasing traction toward digitalization and the adoption of cloud-based solutions across various industries present promising opportunities for market expansion.

Geographically, the North America region commands the largest market share in the identity verification landscape, driven by the escalating demand for Internet of Things (IoT) and cloud-based solutions. The robust presence of large-scale enterprises coupled with an increasing number of small-scale businesses bolsters market growth in this region, led by the United States, followed by Canada and Mexico. Meanwhile, the Asia-Pacific region is anticipated to emerge as a significant growth driver in the forecast period, with China, Japan, and India spearheading market advancements. A burgeoning number of enterprises, both large-scale and small-medium, coupled with an increased need for identity verification amid rising fraud and theft incidents, catalyzes market growth in the Asia-Pacific region.

Market Segmentation: The report segments the global identity verification market based on deployment, component, and end-user categories. Deployments include on-premise and cloud-based solutions, while components encompass solutions and services. The end-user segments encompass IT and telecommunication, healthcare, BFSI, and other diverse sectors.

Key Companies Profiled: The report provides comprehensive profiles of key market players, including Acuant, Inc., Gemalto NV, Experian Information Solutions, Inc., Trulioo, Mitek Systems, Inc., LexisNexis Risk Solutions, Equifax Inc., IDEMIA, Jumio Corp., Authenteq Ltd., and several other notable companies shaping the identity verification landscape.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Identity Verification Market Highlights

2.2. Identity Verification Market Projection

2.3. Identity Verification Market Regional Highlights

Chapter 3. Global Identity Verification Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter's Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Deployment

3.4.2. IGR-Growth Matrix Analysis by Component

3.4.3. IGR-Growth Matrix Analysis by End User

3.4.4. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Identity Verification Market

Chapter 4. Identity Verification Market Macro Indicator Analysis

Chapter 5. Global Identity Verification Market by Deployment

5.1. On-premise

5.2. Cloud

Chapter 6. Global Identity Verification Market by Component

6.1. Solutions

6.2. Services

Chapter 7. Global Identity Verification Market by End User

7.1. IT and Telecommunication

7.2. Healthcare

7.3. BFSI

7.4. Other End Users

Chapter 8. Global Identity Verification Market by Region 2023-2030

8.1. North America

8.1.1. North America Identity Verification Market by Deployment

8.1.2. North America Identity Verification Market by Component

8.1.3. North America Identity Verification Market by End User

8.1.4. North America Identity Verification Market by Country

8.2. Europe

8.2.1. Europe Identity Verification Market by Deployment

8.2.2. Europe Identity Verification Market by Component

8.2.3. Europe Identity Verification Market by End User

8.2.4. Europe Identity Verification Market by Country

8.3. Asia-Pacific

8.3.1. Asia-Pacific Identity Verification Market by Deployment

8.3.2. Asia-Pacific Identity Verification Market by Component

8.3.3. Asia-Pacific Identity Verification Market by End User

8.3.4. Asia-Pacific Identity Verification Market by Country

8.4. RoW

8.4.1. RoW Identity Verification Market by Deployment

8.4.2. RoW Identity Verification Market by Component

8.4.3. RoW Identity Verification Market by End User

8.4.4. RoW Identity Verification Market by Sub-region

Chapter 9. Company Profiles and Competitive Landscape

9.1. Competitive Landscape in the Global Identity Verification Market

9.2. Companies Profiles

9.2.1. Acuant, Inc.

9.2.2. Gemalto NV

9.2.3. Experian Information Solutions, Inc.

9.2.4. Trulioo

9.2.5. Mitek Systems, Inc.

9.2.6. LexisNexis Risk Solutions

9.2.7. Equifax Inc.

9.2.8. IDEMIA

9.2.9. Jumio Corp.

9.2.10. Authenteq Ltd.

9.2.11. Other Companies

Chapter 10. Appendix

10.1.Primary Research Findings and Questionnaire

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of identity verification.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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