Global Identity Verification Market Size

1. Global Identity Verification Market Research Report 2023-2028 Author: Elena Anderson Marketing Manager Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2022 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Identity Verification Market Outlook 2023-2028 : According to IMARC Group’s latest report, titled "Identity Verification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global identity verification market reached a value of US$ 8.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 22.9 Billion by 2027, exhibiting a CAGR of 17.6% during 2022-2027. Identity verification is the process of authenticating the credentials of an individual for security purposes. It commonly uses smartphone applications, multi-factor authentication, document verification, web-based platforms, voice recognition, and biometrics systems for monitoring access requests. In addition to this, identity verification solutions also assist in confirming the nationality, immigration status, personal credentials, employment, business registration, etc. Consequently, they find extensive applications in several industries, including defense, military, information technology (IT), telecommunications, banking, financial services and insurance (BFSI), etc., across the globe. Request a Free PDF Sample of the Report: https://www.imarcgroup.com/identity-verification- market/requestsample

4. Report Description and Highlights Report Description Global Hearing Aid Market Trends: The growing prevalence of cyber security attacks and the emerging trend of enterprise mobility are primarily driving the identity verification market. Additionally, the rising instances of fraudulent activities and identity thefts, the widespread adoption of data security, the implementation of stringent regulations by government bodies to comply with safety standards, and the inflating digitalization are further catalyzing the market growth. Besides this, the escalating demand for work-from-home (WFH) business models, on account of the sudden outbreak of the COVID-19 pandemic, is propelling the need for efficient verification solutions during the remote hiring of candidates, which is acting as another significant growth-inducing factor. Moreover, the increasing integration of Artificial Intelligence (AI), cloud computing, Machine Learning (ML), and 360-degree Virtual Reality (VR) solutions with identity verification platforms is positively influencing the global market. Apart from this, they are also utilized by organizations to verify the identity of individuals when they are not physically present. Furthermore, banks and other financial institutions use anti-money laundering (AML) solutions to monitor customer risk and prevent new account frauds and scams, which is expected to fuel the identity verification market over the forecasted period View Report TOC, Figures and Tables : https://www.imarcgroup.com/identity-verification-market

5. Report Description and Highlights Report Description Key Market Segmentation: The report has segmented the identity verification market on the basis of type, component, deployment mode, organization size and vertical Breakup by Hearing Loss: • • Sensorineural Hearing Loss Conductive Hearing Loss Breakup by Type: • • Biometrics Non-Biometrics Breakup by Component: • • Solutions Services

6. Report Description and Highlights Report Description Breakup by Deployment Mode: • • On-premises Cloud-based Breakup by Organization Size: • • Small and Medium-sized Enterprises Large Enterprises Breakup by Vertical: • • • • • • • BFSI Government and Defense Healthcare and Life Sciences Retail and E-Commerce IT and Telecommunication Energy and Utilities Others

7. Report Description and Highlights Report Description Breakup by Region: • • • • • North America Asia-Pacific Europe Latin America Middle East and Africa Ask Analyst for Customization and Explore full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4704&flag=E

8. Report Description and Highlights Report Description Competitive Landscape With Key Players: The competitive landscape of the identity verification market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these key players include: • • • • • • • • • • • Acuant Inc. AuthenticID Inc. Equifax Inc. Experian PLC Intellicheck Inc. Jumio Corporation Mastercard Inc. Mitek Systems Inc. Onfido Thales Group TransUnion and Trulioo.

9. Key Questions Answered in the Report Report Description • How has the global identity verification market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global identity verification market? What are the key regional markets? What is the breakup of the market based on the type? What is the breakup of the market based on the component? What is the breakup of the market based on the deployment mode? What is the breakup of the market based on the organization size? What is the breakup of the market based on the vertical? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global identity verification market and who are the key players? What is the degree of competition in the industry? • • • • • • • • • • •

10. Report DescriptionTable of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends

11. Report DescriptionTable of Contents 5 Global Identity Verification Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Type 6.1 Biometrics 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Non-Biometrics 6.2.1 Market Trends 6.2.2 Market Forecast Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/identity-verification-market/toc

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14. Report Description and Highlights Report Description © 2022 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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