Rising Digital Fraud and Theft Expand Global Identity Verification Market Opportunities

As per a new market research report launched by Inkwood Research, the Global Identity Verification Market is projected to register a CAGR of 15.57% during the forecast period.

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/?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR

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 burgeoning global identity verification market is experiencing notable expansion owing to the escalating menace of digital fraud and identity theft. Organizations and digital enterprises entrusted with consumer data face mounting pressures to prioritize cybersecurity and shield sensitive information. With high-profile data breaches affecting countless consumers, the imperative for robust online identity verification solutions has become paramount for businesses of all scales.

A key catalyst fueling the growth of the global identity verification market is the surge in incidents of identity theft and the associated risks posed by fraudsters gaining illicit access to business networks, applications, and services on a global scale. Identity theft has emerged as a substantial concern for individuals worldwide, witnessing a substantial uptick in prevalence in recent years.

For example, in the sole year of 2022, the Federal Trade Commission was inundated with a staggering 5.7 million allegations of fraud and identity theft, among which 1.4 million cases pertained specifically to identity theft.

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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This release was published on openPR.