Identity Verification Market - Forecast(2024 - 2030)

Report Code: ITR 16841 Report Format: PDF + Excel

Identity Verification Market Overview

The Identity Verification Market size was estimated at USD 9.87 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 16.7% from 2024 to 2030. The surge in biometric authentication adoption signifies a pivotal shift in identity verification practices, driven by notable advancements in biometric technology and mounting apprehensions surrounding identity theft and fraudulent activities. Organizations across various sectors are increasingly turning to biometric authentication methods, leveraging innovative techniques such as fingerprint scanning, facial recognition, iris scanning, and voice recognition to bolster their identity verification protocols These biometric modalities offer heightened security measures by providing unique biological identifiers that are difficult to replicate or manipulate, enhancing the accuracy and reliability of identity verification processes The emergence of AI and machine learning within identity verification systems represents a significant evolution in authentication methods. AI and ML algorithms are now being seamlessly integrated into these systems, revolutionizing the landscape of identity verification. By harnessing vast datasets, these technologies have the capacity to meticulously analyze patterns, detect anomalies, and refine decision-making processes continuously. This amalgamation of AI and ML not only enhances the accuracy and efficiency of identity verification but also offers a proactive approach to addressing emerging threats and evolving fraud tactics. As a result, organizations are increasingly turning to these advanced technologies to fortify their security measures while simultaneously streamlining verification processes. 

Market Snapshot:


                               

Report Coverage

The report: “Identity Verification Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of Identity Verification Market. 
By Solution: Digital Identity Verification, ID Verification, Identity Authentication, Document Verification, AML Screening and Monitoring, Business Verification, Others
By Type: Hardware, Software, Services
By Verification Type: Knowledge based Authentication, SMS Based Two Factor Authentication, Credit Bureau Based Solutions, Database Solutions, AL/ML Based Authentication, Biometrics Authentication, Others
By Deployment: Cloud, On-premise
By Organization Size: Small & Medium Enterprise, Large Enterprise
By End-User: BFSI, Government and Defence, Retail, Healthcare, IT & Telecom, Entertainment and Gaming, Transportation and Mobility, Energy & Utilities, Hospitality, Others
By Geography: North America, South America, Europe, APAC, RoW

Key Takeaways

  • Surge in number of cyber-crimes and stringent regulation relevant to data protection and identity theft are the major factors propelling the growth of identity verification market during the forecast period. 
  • Digital identification has the potential to multiply future economic value across multiple regions. Digital identity schemes play a vital role in the development of innovative products and solutions, as well as in drastically lowering operational costs for relying parties.
  • With technological improvements, there has been an increase in the risks of data privacy, fraud prevention, and security. The telecommunications industry is directly or indirectly linked to a variety of critical services, including national security, health, finance, and others. The market is being propelled by the adoption of identity verification in this industry.
  • As a result of its early acceptance of new technologies, Asia Pacific is predicted to contribute to the fastest-growing region with the greatest CAGR during the projection period.

Identity Verification Market Segment Analysis - By Solution

By solution, the identification verification market is segmented into Digital Identity Verification, ID Verification, Identity Authentication, Document Verification, AML Screening and Monitoring, Business Verification, Others. Among them, the Digital identity verification segment is expected to grow at a highest CAGR 17.20% over the forecast period. The rise of digital identity verification has become a focal point for both private enterprises and government entities, particularly as they increasingly rely on digital platforms for service delivery and border management. This shift underscores the growing importance of robust and efficient identity verification mechanisms within today's digital landscape. Smart border control initiatives, leveraging technologies like facial recognition, electronic ID cards (e-ID), and video analytics, are gaining traction worldwide, facilitating secure identity authentication and verification processes. 

Identity Verification Market Segment Analysis - By End-User  

By end-user, the identification verification market is segmented into BFSI, Government and Defence, Retail, Healthcare, IT & Telecom, Entertainment and Gaming, Transportation and Mobility, Energy & Utilities, Hospitality, Others. Out of which, IT & Telecom is projected to grow during the forecast period at the highest CAGR 16.42%. With increase in advancements in technology, there has been increasing risks of data privacy, fraud protection and security. Telecommunication sector is directly or indirectly associated with several essential services such as national security, health, finance, and others. Adoption of identity verification in this sector propels the market. Criminals often use fabricated identities to secure telecom services. Telecom fraud involves identity theft or the use of fabricated identities during onboarding. This has resulted in adoption of identity verification in IT & telecom sector. According to GSMA (Global System for Mobile Communications), since early 2020, the governments in 155 countries need customers to provide proof of identification before registering for and buying a SIM, which also applies to e-SIMs and related products. This has been driving the identity verification market in telecom sector. 

Identity Verification Market Segment Analysis - By Geography 

APAC is expected to hold a large share of Identity Verification market and is expected to grow at a CAGR 17%. With the early acceptance of new technology, APAC is becoming technologically equipped. Factors such as initiatives taken by the government to combat identity-related fraud, particularly for strengthening eKYC to verify identities, compliance regulations initiated by countries, rising demand for cloud-based identity verification, and rising identity-related cyber-attacks are driving revenue growth in this region. More Asian companies are incorporating real-time liveness detection capabilities into their eKYC systems to ensure the remote user is physically present and to protect against spoofing attempts. As the digital economy expands, multi-factor biometric identity verification and certified liveness detection technologies will adapt to better serve and solve the changing security needs of consumers and businesses. For Instance: India had a tremendous growth in cybercrime registration, ranking fifth overall in terms of DNS hijacks. According to Gemalto, India accounts for 37% of global breaches in terms of compromised or stolen records. With the rising amount of malware and ransomware attacks in the country, it is clear that identity verification solutions will play a crucial role in driving their adoption.

                                          
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Identity Verification Market Drivers

Increasing Number of Cyber-Thefts, Money Laundering and Other Malicious Activities:

The escalating prevalence of cyber-thefts, money laundering, and other malicious activities has emerged as a significant market driver for digital identity verification solutions. As digital transactions become increasingly prevalent across various sectors, so too does the risk of fraudulent activities perpetrated by cybercriminals. In response to this growing threat landscape, organizations and financial institutions are prioritizing the implementation of robust identity verification measures to safeguard against unauthorized access and fraudulent transactions. By leveraging these technologies, businesses can mitigate the risk of cyber-attacks, safeguard sensitive data, and protect against financial losses resulting from fraudulent activities. As a result, the demand for digital identity verification solutions continues to surge as organizations strive to fortify their defenses against evolving cybersecurity threats.

Rising Digitalization among Various End User Verticals

Wide–scale penetration of digitalization has brought to light so many identity-related frauds and urged corporations to take stringent steps to protect them. Identity verification has become a critical component due to mandatory verification of individual's identity especially in applications such as border controls and access to digital services. Moreover, enterprises across the world are increasingly spending on the digitization of their businesses, including their payment processes. For Instance: according to a survey by Visa, over 80% of consumers mentioned digital-related benefits as motivating factors to shop. As the digital economy grows, multi-factor biometric identity verification and certified liveness detection technologies are evolving accordingly, to better serve and address the changing security needs of business and consumers.

Identity Verification Market Challenges

Presence of inefficient and costly identity regimes

Online identity authentication is only starting to pick up momentum as a digital service, and there are many versions of the ID concept and how they are checked. The basic idea behind screening identities is relatively clear, but the principle of digital identity authentication has acquired more than one connotation, as online transactions have grown in complexity and volume. Users also find it uncomfortable to include information for screening purposes for various sources and platforms. Basic credentials, such as name, address and official ID number, are often not sufficient to recognise an entity and construct relevant profiles. Therefore, service providers need to behave responsibly to make identity authentication processes more transparent in order to collect relevant data. This is one of the major restraining factors of the identity verification market. In addition, the development and administration costs can be very high for an identity card scheme.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in Identity Verification Market. Identity Verification Market is expected to be dominated by Identity Verification top 10 companies such as GBG, Idemia, Experian, Equifax, Transunion, LexisNexis, Thales Group, Acuant, and many more.

Developments:

 October 2023 - Veriff announced the launch of two new fraud mitigation tools to bolster its IDV protection portfolio. The company's newly released packages employ powerful machine learning models, behavioral insights, and Veriff's in-house fraud detection expertise to improve organizations' capacity to mitigate continually shifting fraud efforts. Veriff analyzes the user's document, face biometrics, device, network, and prior fraud tendencies during the IDV process to provide industry-leading fraud prevention.

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1. A Identity Verification Market - Overview
    1.1. Definitions and Scope
2. A Identity Verification Market - Executive Summary
3. A Identity Verification Market - Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. A Identity Verification Market - Start-up Companies Scenario Premium
    4.1. Key Start-up Company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Venture Capital and Funding Scenario
5. A Identity Verification Market – Market Entry Scenario Premium Premium
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. A Identity Verification Market - Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Powers of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5. Threat of Substitutes
7. A Identity Verification Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
    7.4. Suppliers and distributors Analysis
8. A Identity Verification Market – by Solution (Market Size – $Million/$Billion) 
    8.1. Digital Identity Verification
    8.2. ID Verification
    8.3. Identity Authentication
    8.4. Documet Verification
    8.5. AML Screening & Monitoring
    8.6. Business Verification 
    8.7. Others
9. A Identity Verification Market – by Type (Market Size – $Million/$Billion)
    9.1. Hardware
    9.2. Software
    9.3. Services
10. A Identity Verification Market – by Verification Type (Market Size – $Million/$Billion)
    10.1. Knowledge based Authentication
    10.2. SMS Based Two Factor Authentication
    10.3. Credit Bureau Based Solutions
    10.4. Database Solutions
    10.5. AL/ML Based Authenticaation
    10.6. Biometrics Authentication
    10.7. Others
11. A Identity Verification Market – by Deployment (Market Size – $Million/$Billion)
    11.1. Cloud
    11.2. On-Premise
12. A Identity Verification Market – by Organization Size (Market Size – $Million/$Billion)
    12.1. Small & Medium Enterprise
    12.2. Large Enterprise
13. A Identity Verification Market – by End-User (Market Size – $Million/$Billion)
    13.1. BFSI
    13.2. Government and Defence
    13.3. Retail
    13.4. Healthcare
    13.5. IT & Telecom
    13.6. Entertainment and Gaming
    13.7. Transportation and Mobility
    13.8. Energy & Utilities
    13.9. Hospitality
    13.10. Others
14. A Identity Verification Market – by Geography (Market Size – $Million/$Billion) 
    14.1. North America
        14.1.1. Canada 
        14.1.2. Mexico
        14.1.3. U.S
    14.2. Europe
        14.2.1. U.K
        14.2.2. Germany
        14.2.3. France
        14.2.4. Italy
        14.2.5. Netherlands
        14.2.6. Belgium
        14.2.7. Spain
        14.2.8. Russia
        14.2.9. Others
    14.3. Asia-Pacific
        14.3.1. China
        14.3.2. India
        14.3.3. Japan
        14.3.4. South Korea
        14.3.5. Indonesia
        14.3.6. Malaysia
        14.3.7. Australia & New Zealand 
        14.3.8. Others
    14.4. South America
        14.4.1. Argentina
        14.4.2. Brazil
        14.4.3. Chile
        14.4.4. Colombia
        14.4.5. Rest of South America
    14.5. Rest of The World
        14.5.1. Africa
        14.5.2. Middle East
15. A Identity Verification Market – Entropy
    15.1. New product launches
    15.2. M&A’s, collaborations, JVs and partnerships
16. A Identity Verification Market – Industry/Segment Competition Landscape Premium 
    16.1. Market Share Analysis
        16.1.1. Market Share by Product Type – Key Companies
        16.1.2. Market Share by Region – Key Companies
        16.1.3. Market Share by Country – Key Companies
   16.2. Competition Matrix
   16.3. Best Practices for Companies
17. A Identity Verification Market – Key Company List by Country Premium Premium 
18. A Identity Verification Market - Company Analysis
  18.1. GBG
  18.2. Idemia
  18.3. Experian
  18.4. Equifax
  18.5. Transunion
  18.6. LexisNexis
  18.7. Thales Group
  18.8. Acuant Markair Inc. 
  18.9. IBM Corporation 
  18.10. Mastercard Incorporated 
    
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LIST OF TABLES

1.Global Identity Verification Market By Component Market 2023-2030 ($M)
1.1 Solutions Market 2023-2030 ($M) - Global Industry Research
1.1.1 Digital Identity Verification Market 2023-2030 ($M)
1.1.2 Identity Authentication Market 2023-2030 ($M)
1.1.3 ID Verification Market 2023-2030 ($M)
1.2 Services Market 2023-2030 ($M) - Global Industry Research
1.2.1 Professional Services Market 2023-2030 ($M)
1.2.2 Managed Services Market 2023-2030 ($M)
2.Global Identity Verification Market By Deployment Mode Market 2023-2030 ($M)
2.1 Cloud Market 2023-2030 ($M) - Global Industry Research
2.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2023-2030 ($M)
2.2 On-Premises Market 2023-2030 ($M) - Global Industry Research
2.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2023-2030 ($M)
3.Global Identity Verification Market By Organization Size Market 2023-2030 ($M)
3.1 Small and Medium-Sized Enterprises Market 2023-2030 ($M) - Global Industry Research
3.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2023-2030 ($M)
3.2 Large Enterprises Market 2023-2030 ($M) - Global Industry Research
3.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2023-2030 ($M)
4.Global Identity Verification Market By Industry Vertical Market 2023-2030 ($M)
4.1 Banking, Financial Services, and Insurance Market 2023-2030 ($M) - Global Industry Research
4.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2023-2030 ($M)
4.2 Government and Defense Market 2023-2030 ($M) - Global Industry Research
4.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2023-2030 ($M)
4.3 Retail Market 2023-2030 ($M) - Global Industry Research
4.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2023-2030 ($M)
4.4 Healthcare Market 2023-2030 ($M) - Global Industry Research
4.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2023-2030 ($M)
4.5 IT and Telecom Market 2023-2030 ($M) - Global Industry Research
4.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2023-2030 ($M)
4.6 Energy and Utilities Market 2023-2030 ($M) - Global Industry Research
4.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2023-2030 ($M)
5.Global Identity Verification Market By Component Market 2023-2030 (Volume/Units)
5.1 Solutions Market 2023-2030 (Volume/Units) - Global Industry Research
5.1.1 Digital Identity Verification Market 2023-2030 (Volume/Units)
5.1.2 Identity Authentication Market 2023-2030 (Volume/Units)
5.1.3 ID Verification Market 2023-2030 (Volume/Units)
5.2 Services Market 2023-2030 (Volume/Units) - Global Industry Research
5.2.1 Professional Services Market 2023-2030 (Volume/Units)
5.2.2 Managed Services Market 2023-2030 (Volume/Units)
6.Global Identity Verification Market By Deployment Mode Market 2023-2030 (Volume/Units)
6.1 Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
6.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2023-2030 (Volume/Units)
6.2 On-Premises Market 2023-2030 (Volume/Units) - Global Industry Research
6.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2023-2030 (Volume/Units)
7.Global Identity Verification Market By Organization Size Market 2023-2030 (Volume/Units)
7.1 Small and Medium-Sized Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
7.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2023-2030 (Volume/Units)
7.2 Large Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
7.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2023-2030 (Volume/Units)
8.Global Identity Verification Market By Industry Vertical Market 2023-2030 (Volume/Units)
8.1 Banking, Financial Services, and Insurance Market 2023-2030 (Volume/Units) - Global Industry Research
8.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2023-2030 (Volume/Units)
8.2 Government and Defense Market 2023-2030 (Volume/Units) - Global Industry Research
8.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2023-2030 (Volume/Units)
8.3 Retail Market 2023-2030 (Volume/Units) - Global Industry Research
8.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2023-2030 (Volume/Units)
8.4 Healthcare Market 2023-2030 (Volume/Units) - Global Industry Research
8.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2023-2030 (Volume/Units)
8.5 IT and Telecom Market 2023-2030 (Volume/Units) - Global Industry Research
8.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2023-2030 (Volume/Units)
8.6 Energy and Utilities Market 2023-2030 (Volume/Units) - Global Industry Research
8.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2023-2030 (Volume/Units)
9.North America Identity Verification Market By Component Market 2023-2030 ($M)
9.1 Solutions Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Digital Identity Verification Market 2023-2030 ($M)
9.1.2 Identity Authentication Market 2023-2030 ($M)
9.1.3 ID Verification Market 2023-2030 ($M)
9.2 Services Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Professional Services Market 2023-2030 ($M)
9.2.2 Managed Services Market 2023-2030 ($M)
10.North America Identity Verification Market By Deployment Mode Market 2023-2030 ($M)
10.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2023-2030 ($M)
10.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
10.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2023-2030 ($M)
11.North America Identity Verification Market By Organization Size Market 2023-2030 ($M)
11.1 Small and Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2023-2030 ($M)
11.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2023-2030 ($M)
12.North America Identity Verification Market By Industry Vertical Market 2023-2030 ($M)
12.1 Banking, Financial Services, and Insurance Market 2023-2030 ($M) - Regional Industry Research
12.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2023-2030 ($M)
12.2 Government and Defense Market 2023-2030 ($M) - Regional Industry Research
12.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2023-2030 ($M)
12.3 Retail Market 2023-2030 ($M) - Regional Industry Research
12.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2023-2030 ($M)
12.4 Healthcare Market 2023-2030 ($M) - Regional Industry Research
12.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2023-2030 ($M)
12.5 IT and Telecom Market 2023-2030 ($M) - Regional Industry Research
12.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2023-2030 ($M)
12.6 Energy and Utilities Market 2023-2030 ($M) - Regional Industry Research
12.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2023-2030 ($M)
13.South America Identity Verification Market By Component Market 2023-2030 ($M)
13.1 Solutions Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Digital Identity Verification Market 2023-2030 ($M)
13.1.2 Identity Authentication Market 2023-2030 ($M)
13.1.3 ID Verification Market 2023-2030 ($M)
13.2 Services Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Professional Services Market 2023-2030 ($M)
13.2.2 Managed Services Market 2023-2030 ($M)
14.South America Identity Verification Market By Deployment Mode Market 2023-2030 ($M)
14.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
14.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2023-2030 ($M)
14.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
14.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2023-2030 ($M)
15.South America Identity Verification Market By Organization Size Market 2023-2030 ($M)
15.1 Small and Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
15.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2023-2030 ($M)
15.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
15.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2023-2030 ($M)
16.South America Identity Verification Market By Industry Vertical Market 2023-2030 ($M)
16.1 Banking, Financial Services, and Insurance Market 2023-2030 ($M) - Regional Industry Research
16.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2023-2030 ($M)
16.2 Government and Defense Market 2023-2030 ($M) - Regional Industry Research
16.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2023-2030 ($M)
16.3 Retail Market 2023-2030 ($M) - Regional Industry Research
16.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2023-2030 ($M)
16.4 Healthcare Market 2023-2030 ($M) - Regional Industry Research
16.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2023-2030 ($M)
16.5 IT and Telecom Market 2023-2030 ($M) - Regional Industry Research
16.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2023-2030 ($M)
16.6 Energy and Utilities Market 2023-2030 ($M) - Regional Industry Research
16.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2023-2030 ($M)
17.Europe Identity Verification Market By Component Market 2023-2030 ($M)
17.1 Solutions Market 2023-2030 ($M) - Regional Industry Research
17.1.1 Digital Identity Verification Market 2023-2030 ($M)
17.1.2 Identity Authentication Market 2023-2030 ($M)
17.1.3 ID Verification Market 2023-2030 ($M)
17.2 Services Market 2023-2030 ($M) - Regional Industry Research
17.2.1 Professional Services Market 2023-2030 ($M)
17.2.2 Managed Services Market 2023-2030 ($M)
18.Europe Identity Verification Market By Deployment Mode Market 2023-2030 ($M)
18.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
18.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2023-2030 ($M)
18.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
18.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2023-2030 ($M)
19.Europe Identity Verification Market By Organization Size Market 2023-2030 ($M)
19.1 Small and Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
19.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2023-2030 ($M)
19.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
19.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2023-2030 ($M)
20.Europe Identity Verification Market By Industry Vertical Market 2023-2030 ($M)
20.1 Banking, Financial Services, and Insurance Market 2023-2030 ($M) - Regional Industry Research
20.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2023-2030 ($M)
20.2 Government and Defense Market 2023-2030 ($M) - Regional Industry Research
20.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2023-2030 ($M)
20.3 Retail Market 2023-2030 ($M) - Regional Industry Research
20.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2023-2030 ($M)
20.4 Healthcare Market 2023-2030 ($M) - Regional Industry Research
20.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2023-2030 ($M)
20.5 IT and Telecom Market 2023-2030 ($M) - Regional Industry Research
20.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2023-2030 ($M)
20.6 Energy and Utilities Market 2023-2030 ($M) - Regional Industry Research
20.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2023-2030 ($M)
21.APAC Identity Verification Market By Component Market 2023-2030 ($M)
21.1 Solutions Market 2023-2030 ($M) - Regional Industry Research
21.1.1 Digital Identity Verification Market 2023-2030 ($M)
21.1.2 Identity Authentication Market 2023-2030 ($M)
21.1.3 ID Verification Market 2023-2030 ($M)
21.2 Services Market 2023-2030 ($M) - Regional Industry Research
21.2.1 Professional Services Market 2023-2030 ($M)
21.2.2 Managed Services Market 2023-2030 ($M)
22.APAC Identity Verification Market By Deployment Mode Market 2023-2030 ($M)
22.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
22.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2023-2030 ($M)
22.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
22.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2023-2030 ($M)
23.APAC Identity Verification Market By Organization Size Market 2023-2030 ($M)
23.1 Small and Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
23.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2023-2030 ($M)
23.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
23.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2023-2030 ($M)
24.APAC Identity Verification Market By Industry Vertical Market 2023-2030 ($M)
24.1 Banking, Financial Services, and Insurance Market 2023-2030 ($M) - Regional Industry Research
24.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2023-2030 ($M)
24.2 Government and Defense Market 2023-2030 ($M) - Regional Industry Research
24.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2023-2030 ($M)
24.3 Retail Market 2023-2030 ($M) - Regional Industry Research
24.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2023-2030 ($M)
24.4 Healthcare Market 2023-2030 ($M) - Regional Industry Research
24.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2023-2030 ($M)
24.5 IT and Telecom Market 2023-2030 ($M) - Regional Industry Research
24.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2023-2030 ($M)
24.6 Energy and Utilities Market 2023-2030 ($M) - Regional Industry Research
24.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2023-2030 ($M)
25.MENA Identity Verification Market By Component Market 2023-2030 ($M)
25.1 Solutions Market 2023-2030 ($M) - Regional Industry Research
25.1.1 Digital Identity Verification Market 2023-2030 ($M)
25.1.2 Identity Authentication Market 2023-2030 ($M)
25.1.3 ID Verification Market 2023-2030 ($M)
25.2 Services Market 2023-2030 ($M) - Regional Industry Research
25.2.1 Professional Services Market 2023-2030 ($M)
25.2.2 Managed Services Market 2023-2030 ($M)
26.MENA Identity Verification Market By Deployment Mode Market 2023-2030 ($M)
26.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
26.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2023-2030 ($M)
26.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
26.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2023-2030 ($M)
27.MENA Identity Verification Market By Organization Size Market 2023-2030 ($M)
27.1 Small and Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
27.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2023-2030 ($M)
27.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
27.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2023-2030 ($M)
28.MENA Identity Verification Market By Industry Vertical Market 2023-2030 ($M)
28.1 Banking, Financial Services, and Insurance Market 2023-2030 ($M) - Regional Industry Research
28.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2023-2030 ($M)
28.2 Government and Defense Market 2023-2030 ($M) - Regional Industry Research
28.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2023-2030 ($M)
28.3 Retail Market 2023-2030 ($M) - Regional Industry Research
28.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2023-2030 ($M)
28.4 Healthcare Market 2023-2030 ($M) - Regional Industry Research
28.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2023-2030 ($M)
28.5 IT and Telecom Market 2023-2030 ($M) - Regional Industry Research
28.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2023-2030 ($M)
28.6 Energy and Utilities Market 2023-2030 ($M) - Regional Industry Research
28.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2023-2030 ($M)

LIST OF FIGURES

1.US Identity Verification Market Revenue, 2023-2030 ($M)
2.Canada Identity Verification Market Revenue, 2023-2030 ($M)
3.Mexico Identity Verification Market Revenue, 2023-2030 ($M)
4.Brazil Identity Verification Market Revenue, 2023-2030 ($M)
5.Argentina Identity Verification Market Revenue, 2023-2030 ($M)
6.Peru Identity Verification Market Revenue, 2023-2030 ($M)
7.Colombia Identity Verification Market Revenue, 2023-2030 ($M)
8.Chile Identity Verification Market Revenue, 2023-2030 ($M)
9.Rest of South America Identity Verification Market Revenue, 2023-2030 ($M)
10.UK Identity Verification Market Revenue, 2023-2030 ($M)
11.Germany Identity Verification Market Revenue, 2023-2030 ($M)
12.France Identity Verification Market Revenue, 2023-2030 ($M)
13.Italy Identity Verification Market Revenue, 2023-2030 ($M)
14.Spain Identity Verification Market Revenue, 2023-2030 ($M)
15.Rest of Europe Identity Verification Market Revenue, 2023-2030 ($M)
16.China Identity Verification Market Revenue, 2023-2030 ($M)
17.India Identity Verification Market Revenue, 2023-2030 ($M)
18.Japan Identity Verification Market Revenue, 2023-2030 ($M)
19.South Korea Identity Verification Market Revenue, 2023-2030 ($M)
20.South Africa Identity Verification Market Revenue, 2023-2030 ($M)
21.North America Identity Verification By Application
22.South America Identity Verification By Application
23.Europe Identity Verification By Application
24.APAC Identity Verification By Application
25.MENA Identity Verification By Application
26.Experian, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.LexisNexis Risk Solutions, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Equifax, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Mitek Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Gemalto, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Onfido, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Trulioo, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Acuant, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.IDEMIA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Jumio, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Authenteq, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Shufti Pro, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.IDMERIT, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.TransUnion, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.iDenfy, Sales /Revenue, 2015-2018 ($Mn/$Bn)