Press release
e-KYC Market Envisions USD 1,964.73 Million By 2029 with a 22.0% Compound Annual Growth Rate
E-Kyc Market
โ Over the past two decades, the e-KYC market has grown significantly, driven by several factors, including the increasing use of digital payment methods and strict government rules aimed at preventing financial crime and money laundering.
โ The demand for e-KYC is expected to rise in the future due to the expansion of AI and machine applications that analyze the massive volumes of data generated by digital currency transactions and reduce false warnings.
โ The e-KYC industry is expected to rise throughout the forecast period due to the increasing need to restrict the unauthorized use of credentials and conduct infractions.
๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/e-kyc-market/request-for-sample
๐๐ก๐๐ญ ๐ข๐ฌ ๐-๐๐๐?
Banks, workplaces, and other companies employ the E-KYC authentication technique. Know Your Customer, or KYC, is an acronym. Another phrase for it is knowing your customer or just KYC. KYC is the process by which a business verifies the identity of its customers and assesses their suitability. The banking, financial services, and insurance (BFSI) industry's large financial losses and the financing of terrorism are expected to drive up target market growth for e-KYC.
๐๐จ๐ฉ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ:
In this extremely competitive industry, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Some of the leading companies of public key infrastructure are:
โข 63 Moons Technologies Ltd.
โข Au10tix
โข EverCompliant
โข Acuant
โข Financial Software & Systems Pvt. Ltd.
โข GIEOM Business Solutions
โข GB Group
โข IDnow GmbH
โข Onfido
โข Panamax Inc.
โข Jumio Corporation
โข Pegasystems Inc.
โข Tata Consultancy Services (TCS)
โข Trulioo
โข Trust Stamp
โข Wipro Technologies
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/945/2
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
โข Regulatory Compliance: Increasing regulatory requirements for Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) are pushing organizations to adopt robust e-KYC solutions to ensure compliance.
โข Digital Transformation: The global shift towards digital banking and financial services necessitates efficient and secure identity verification processes, driving the demand for e-KYC solutions.
โข Rise in Financial Frauds: Growing instances of identity theft and financial fraud are compelling institutions to implement stringent identity verification mechanisms.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
โข Integration with Emerging Technologies: Combining e-KYC with emerging technologies like artificial intelligence (AI), machine learning (ML), and blockchain can enhance the accuracy, security, and efficiency of identity verification processes.
โข Expansion in Emerging Markets: Developing countries with increasing digital penetration and regulatory advancements present significant growth opportunities for e-KYC solutions.
โข Biometric Authentication: The integration of biometric authentication methods (e.g., facial recognition, fingerprint scanning) into e-KYC processes can further improve security and user experience.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/e-kyc-market
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ซ๐๐๐ค๐๐จ๐ฐ๐ง:
The market is primarily segmented based on product, deployment mode, end-use, and region. According to end-use research, the bank market sector is predicted to provide the highest revenue to the worldwide e-KYC market. It is expected to maintain its dominance over the forecast period due to the increased use of e-KYC to optimize customer onboarding by validating KYC documents online, improving payment collection efficiency, eliminating documentation in loan application processing, and attempting to prevent identity fraud.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Player Tracking Market: https://www.polarismarketresearch.com/industry-analysis/player-tracking-market
In-App Advertising Market: https://www.polarismarketresearch.com/industry-analysis/in-app-advertising-market
Remote Sensing Services Market: https://www.polarismarketresearch.com/industry-analysis/remote-sensing-services-market
Workshop Management Software Market: https://www.polarismarketresearch.com/industry-analysis/workshop-management-software-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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