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Identity Verification Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component; Deployment; Organization Size and Industry Vertical and Geography

  • ID: 4825295
  • Report
  • August 2020
  • Region: Global
  • 181 pages
  • The Insight Partners
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Identity Verification Market to 2027 by Component (Solution and Services); Deployment (On-Premise and Cloud); Organization Size (SMEs, Large Enterprises) and Industry Vertical (BFSI, Government & Defense, Healthcare, IT & Telecom, Retail, and Others)

The global Identity Verification market accounted to US$ 5.52 Bn in 2018 and is expected to grow at a CAGR of 14.3% during the forecast period 2019 - 2027, to account to US$ 18.12 Bn by 2027. The growing sophistication of security information platforms and IT security-based tools & solutions is anticipated to have a profound impact on the overall management of the security ecosystem of an enterprise. The unprecedented growth in the number of cyber security incidents has further led to an increased need for robust security solutions across enterprises. The market demand for identity verification solutions has gained significant traction in the past few years owing to the versatile capabilities of these systems such as identity verification, data identification, fraud detection, and others. The growing popularity of digitization and automation in various industry verticals that range from BFSI to healthcare is also anticipated to fuel the growth of the identity verification market during the forecast period of 2019 to 2027. Some of the prominent benefits of identity verification include real-time ID verification, extracting data directly from IDs without any friction, effective document authentication & verification, mitigate the risk of spoofing, and others. All these benefits and capabilities offered by identity verification provide long term benefits to enterprises. These versatile benefits are expected to drive the market growth of identity verification market.

The identity verification market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. APAC is expected to be the fastest growing region in the global identity verification market. Whereas, North America followed by Europe and APAC hold the highest market share in the identity verification market. Identity verification market is expected to experience significant growth in the coming years to meet the increasing demand for automation.

North America identity verification market demand is primarily driven by growing demand from industry sectors such as BFSI, government, defense, healthcare, where correct identification of users and customers is a crucial business requirement for successful operations. In 2018, the North American region contributes the largest market share in terms of overall revenue of global identity verification market and it is estimated to continue its dominance throughout the forecast period from 2019 to 2027. North America is one of the fastest growing regions in terms of both technological innovations and adoption of advanced technologies. In the past 3 years, the region has witnessed significant adoption of emerging technologies such as artificial intelligence and blockchain across all the major industry verticals. North America is also well known for its robust IT and cloud infrastructure which is another complementing factor for the growth of advanced identity verification solutions. There are various identity verification players present in the North America region such as Acuant Inc., and Trulioo. The U.S. based company Acuant Inc. offers an identity verification solution AssureID for document & identity authentication. This solution is used across various industry verticals to authenticate user information. Another Canada based company Trulioo offers identity verification solutions for various purposes including identity authentication, know your customer (KYC) & anti-money laundering (AML) compliance, fraud prevention and auditing. In addition to them a large number of start-ups have been entering the marketplace with their innovative identity verification solutions by integrating artificial intelligence and other advanced technology into them.

The major players operating in the market for identity verification market include Acuant, Inc., Authenteq, Gemalto N.V. (Thales group), IDEMIA, Mitek Systems, Inc., Experian Information Solutions, Inc., Jumio Lexisnexis, Onfido, and Trulioo among others.

The report segments the global identity verification market as follows:

Global Identity Verification Market - By Component
  • Solution
  • Service
Global Identity verification Market - By Deployment
  • On-Premise
  • Cloud
Global Identity verification Market - By Organization Size
  • SMEs
  • Large Enterprise
Global Identity verification Market - By Industry Vertical
  • BFSI
  • Government & Defense
  • Healthcare
  • IT & Telecom
  • Retail
  • Others
Global Identity verification Market - By Geography
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
  • Asia Pacific (APAC)
  • South Korea
  • China
  • India
  • Japan
  • Australia
  • Rest of APAC
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East and Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America
Reasons to Buy:
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Identity Verification market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Scope of The Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Identity Verification Market - By Component
1.3.2 Identity Verification Market - By Deployment
1.3.3 Identity Verification Market - By Organisation Size
1.3.4 Identity Verification Market - By End-User
1.3.5 Identity Verification Market - By Geography

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Identity Verification Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 Identity Verification Market - North America PEST Analysis
4.3.2 Identity Verification Market - Europe PEST Analysis
4.3.3 Identity Verification Market - Asia-Pacific PEST Analysis
4.3.4 Identity Verification Market - Middle East and Africa PEST Analysis
4.3.5 Identity Verification Market - South America PEST Analysis

5. Identity Verification Market - Key Industry Dynamics
5.1 Drivers
5.1.1 Increasing Number of Cyber-Attacks and Adoption of Security Solutions Are Having a Significant Positive Impact On the Market Growth
5.1.2 Increasing Demand for Secure Transaction in BFSI Sector
5.2 Restraints
5.2.1 Data Privacy and Security Concerns
5.3 Opportunity:
5.3.1 Small and Medium Enterprises Offer Future Growth Opportunity
5.4 Future Trends:
5.4.1 Integration of AI and Other Advanced Technologies for Alerting and Pattern Based Monitoring
5.5 Impact Analysis of Drivers and Restraints

6. Identity Verification - Global Market Analysis
6.1 Global Identity Verification Market Overview
6.2 Global Identity Verification Market Forecast and Analysis
6.3 Market Positioning/ Market Share

7. Identity Verification Market Revenue and Forecasts to 2027- Component
7.1 Overview
7.2 Global Identity Verification Market Breakdown, By Component, 2018 & 2027
7.3 Solutions Market
7.3.1 Overview
7.3.2 Solutions Market Forecast and Analysis
7.4 Services Market
7.4.1 Overview
7.4.2 Services Market Forecast and Analysis

8. Identity Verification Market Revenue and Forecasts to 2027-End User
8.1 Overview
8.2 Global Identity Verification Market Breakdown, By End Users, 2018 & 2027
8.3 BFSI Market
8.3.1 Overview
8.3.2 BFSI Market Forecast and Analysis
8.4 Government Market
8.4.1 Overview
8.4.2 Government Market Forecast and Analysis
8.5 Retail Market
8.5.1 Overview
8.5.2 Retail Market Forecast and Analysis
8.6 Healthcare Market
8.6.1 Overview
8.6.2 Healthcare Market Forecast and Analysis
8.7 IT and Telecom Market
8.7.1 Overview
8.7.2 IT and Telecom Market Forecast and Analysis
8.8 Others Market
8.8.1 Overview
8.8.2 Others Market Forecast and Analysis

9. Identity Verification Market Revenue and Forecasts to 2027 - By Organisation Size
9.1 Overview
9.2 Identity Verification Market Breakdown, By Organisation Size, 2018 & 2027
9.3 Small & Medium Enterprises
9.3.1 Overview
9.3.2 Small & Medium Enterprises Market Forecasts and Analysis
9.4 Large Enterprises
9.4.1 Overview
9.4.2 Large Enterprises Market Forecasts and Analysis

10. Identity Verification Market Revenue and Forecasts to 2027 - By Deployment
10.1 Overview
10.2 Identity Verification Market Breakdown, By Deployment, 2018 & 2027
10.3 Cloud- Based Deployment
10.3.1 Overview
10.3.2 Cloud-Based Deployment Market Forecasts and Analysis
10.4 On-Premise Deployment
10.4.1 Overview
10.4.2 On-Premise Deployment Market Forecasts and Analysis

11. Identity Verification Market - Geographical Analysis
11.1 Overview
11.2 North America Identity Verification Market Revenue and Forecasts to 2027
11.2.1 North America Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
11.2.2 North America Identity Verification Market Breakdown by Component
11.2.3 North America Identity Verification Market Breakdown by Deployment
11.2.4 North America Identity Verification Market Breakdown by Organization Size
11.2.5 North America Identity Verification Market Breakdown by End User
11.2.6 North America Identity Verification Market Breakdown, By Key Countries
11.2.6.1 U.S. identity verification Market Revenue and Forecasts to 2027 (US$ MN)
11.2.6.1.1 U.S Identity Verification Market Breakdown by Component
11.2.6.1.2 U.S Identity Verification Market Breakdown by Deployment
11.2.6.1.3 U.S Identity Verification Market Breakdown by Organization Size
11.2.6.1.4 U.S. Identity Verification Market Breakdown by End User
11.2.6.2 Canada identity verification Market Revenue and Forecasts to 2027 (US$ MN)
11.2.6.2.1 Canada Identity Verification Market Breakdown by Component
11.2.6.2.2 Canada Identity Verification Market Breakdown by Deployment
11.2.6.2.3 Canada Identity Verification Market Breakdown by Organization Size
11.2.6.2.4 Canada Identity Verification Market Breakdown by End User
11.2.6.3 Mexico identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.2.6.3.1 Mexico Identity Verification Market Breakdown by Component
11.2.6.3.2 Mexico Identity Verification Market Breakdown by Deployment
11.2.6.3.3 Mexico Identity Verification Market Breakdown by Organization Size
11.2.6.3.4 Mexico Identity Verification Market Breakdown by End User
11.3 Europe Identity Verification Market Revenue and Forecasts to 2027
11.3.1 Europe Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
11.3.2 Europe Identity Verification Market Breakdown by Component
11.3.3 Europe Identity Verification Market Breakdown by Deployment
11.3.4 Europe Identity Verification Market Breakdown by Organization Size
11.3.5 Europe Identity Verification Market Breakdown by End User
11.3.6 Europe Identity Verification Market Breakdown, By Key Countries
11.3.6.1 Germany identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.3.6.1.1 Germany Identity Verification Market Breakdown by Component
11.3.6.1.2 Germany Identity Verification Market Breakdown by Deployment
11.3.6.1.3 Germany Identity Verification Market Breakdown by Organization Size
11.3.6.1.4 Germany Identity Verification Market Breakdown by End User
11.3.6.2 UK identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.3.6.2.1 UK Identity Verification Market Breakdown by Component
11.3.6.2.2 UK Identity Verification Market Breakdown by Deployment
11.3.6.2.3 Germany Identity Verification Market Breakdown by Organization Size
11.3.6.2.4 UK Identity Verification Market Breakdown by End User
11.3.6.3 France identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.3.6.3.1 France Identity Verification Market Breakdown by Component
11.3.6.3.2 France Identity Verification Market Breakdown by Deployment
11.3.6.3.3 France Identity Verification Market Breakdown by Organization Size
11.3.6.3.4 France Identity Verification Market Breakdown by End User
11.3.6.4 Italy identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.3.6.4.1 Italy Identity Verification Market Breakdown by Component
11.3.6.4.2 Italy Identity Verification Market Breakdown by Deployment
11.3.6.4.3 Italy Identity Verification Market Breakdown by Organization Size
11.3.6.4.4 Italy Identity Verification Market Breakdown by End User
11.3.6.5 Russia identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.3.6.5.1 Russia Identity Verification Market Breakdown by Component
11.3.6.5.2 Russia Identity Verification Market Breakdown by Deployment
11.3.6.5.3 Russia Identity Verification Market Breakdown by Organization Size
11.3.6.5.4 Russia Identity Verification Market Breakdown by End User
11.3.6.6 Rest of Europe identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.3.6.6.1 Rest of Europe Identity Verification Market Breakdown by Component
11.3.6.6.2 Rest of Europe Identity Verification Market Breakdown by Deployment
11.3.6.6.3 Rest of Europe Identity Verification Market Breakdown by Organization Size
11.3.6.6.4 Rest of Europe Identity Verification Market Breakdown by End User
11.4 APAC Identity Verification Market Revenue and Forecasts to 2027
11.4.1 APAC Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
11.4.2 APAC Identity Verification Market Breakdown by Component
11.4.3 APAC Identity Verification Market Breakdown by Deployment
11.4.4 APAC Identity Verification Market Breakdown by Organization Size
11.4.5 APAC Identity Verification Market Breakdown by End User
11.4.6 APAC Identity Verification Market Breakdown, By Key Countries
11.4.6.1 China identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.4.6.1.1 China Identity Verification Market Breakdown by Component
11.4.6.1.2 China Identity Verification Market Breakdown by Deployment
11.4.6.1.3 China Identity Verification Market Breakdown by Organization Size
11.4.6.1.4 China Identity Verification Market Breakdown by End User
11.4.6.2 India identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.4.6.2.1 India Identity Verification Market Breakdown by Component
11.4.6.2.2 India Identity Verification Market Breakdown by Deployment
11.4.6.2.3 India Identity Verification Market Breakdown by Organization Size
11.4.6.2.4 India Identity Verification Market Breakdown by End User
11.4.6.3 Australia identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.4.6.3.1 Australia Identity Verification Market Breakdown by Component
11.4.6.3.2 Australia Identity Verification Market Breakdown by Deployment
11.4.6.3.3 Australia Identity Verification Market Breakdown by Organization Size
11.4.6.3.4 Australia Identity Verification Market Breakdown by End User
11.4.6.4 Japan Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
11.4.6.4.1 Japan Identity Verification Market Breakdown by Component
11.4.6.4.2 Japan Identity Verification Market Breakdown by Deployment
11.4.6.4.3 Japan Identity Verification Market Breakdown by Organization Size
11.4.6.4.4 Japan Identity Verification Market Breakdown by End User
11.4.6.5 South Korea identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.4.6.5.1 South Korea Identity Verification Market Breakdown by Component
11.4.6.5.2 South Korea Identity Verification Market Breakdown by Deployment
11.4.6.5.3 South Korea Identity Verification Market Breakdown by Organization Size
11.4.6.5.4 South Korea Identity Verification Market Breakdown by End User
11.4.6.6 Rest of APAC identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.4.6.6.1 Rest of APAC Identity Verification Market Breakdown by Component
11.4.6.6.2 Rest of APAC Identity Verification Market Breakdown by Deployment
11.4.6.6.3 Rest of APAC Identity Verification Market Breakdown by Organization Size
11.4.6.6.4 Rest of APAC Identity Verification Market Breakdown by End User
11.5 Middle East and Africa Identity Verification Market Revenue and Forecasts to 2027
11.5.1 Middle East and Africa Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
11.5.2 MEA Identity Verification Market Breakdown by Component
11.5.3 MEA Identity Verification Market Breakdown by Deployment
11.5.4 MEA Identity Verification Market Breakdown by Organization Size
11.5.5 MEA Identity Verification Market Breakdown by End User
11.5.6 MEA Identity Verification Market Breakdown, By Key Countries
11.5.6.1 South Africa identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.5.6.1.1 South Africa Identity Verification Market Breakdown by Component
11.5.6.1.2 South Africa Identity Verification Market Breakdown by Deployment
11.5.6.1.3 South Africa Identity Verification Market Breakdown by Organization Size
11.5.6.1.4 South Africa Identity Verification Market Breakdown by End User
11.5.6.2 Saudi Arabia identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.5.6.2.1 Saudi Arabia Identity Verification Market Breakdown by Component
11.5.6.2.2 Saudi Arabia Identity Verification Market Breakdown by Deployment
11.5.6.2.3 Saudi Arabia Identity Verification Market Breakdown by Organization Size
11.5.6.2.4 Saudi Arabia Identity Verification Market Breakdown by End User
11.5.6.3 UAE identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.5.6.3.1 UAE Identity Verification Market Breakdown by Component
11.5.6.3.2 UAE Identity Verification Market Breakdown by Deployment
11.5.6.3.3 UAE Identity Verification Market Breakdown by Organization Size
11.5.6.3.4 UAE Identity Verification Market Breakdown by End User
11.5.6.4 Rest of MEA identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.5.6.4.1 Rest of MEA Identity Verification Market Breakdown by Component
11.5.6.4.2 Rest of MEA Identity Verification Market Breakdown by Deployment
11.5.6.4.3 Rest of MEA Identity Verification Market Breakdown by Organization Size
11.5.6.4.4 Rest of MEA Identity Verification Market Breakdown by End User
11.6 South America Identity Verification Market Revenue and Forecasts to 2027
11.6.1 South America Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
11.6.2 South America Identity Verification Market Breakdown by Component
11.6.3 South America Identity Verification Market Breakdown by Deployment
11.6.4 South America Identity Verification Market Breakdown by Organization Size
11.6.5 South America Identity Verification Market Breakdown by End User
11.6.6 South America Identity Verification Market Breakdown, By Key Countries
11.6.6.1 Brazil identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.6.6.1.1 Brazil Identity Verification Market Breakdown by Component
11.6.6.1.2 Brazil Identity Verification Market Breakdown by Deployment
11.6.6.1.3 Brazil Identity Verification Market Breakdown by Organization Size
11.6.6.1.4 Brazil Identity Verification Market Breakdown by End User
11.6.6.2 Argentina identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.6.6.2.1 Argentina Identity Verification Market Breakdown by Component
11.6.6.2.2 Argentina Identity Verification Market Breakdown by Deployment
11.6.6.2.3 Argentina Identity Verification Market Breakdown by Organization Size
11.6.6.2.4 Argentina Identity Verification Market Breakdown by End User
11.6.6.3 Rest of SAM identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.6.6.3.1 Rest of SAM Identity Verification Market Breakdown by Component
11.6.6.3.2 Rest of SAM Identity Verification Market Breakdown by Deployment
11.6.6.3.3 Rest of SAM Identity Verification Market Breakdown by Organization Size
11.6.6.3.4 Rest of SAM Identity Verification Market Breakdown by End User

12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development

13. Company Profiles
13.1 Acuant, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 Swot Analysis
13.1.6 Key Developments
13.2 Authenteq
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 Swot Analysis
13.2.6 Key Developments
13.3 Experian plc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 Swot Analysis
13.3.6 Key Developments
13.4 Gemalto N.V. (Thales Group)
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 Swot Analysis
13.4.6 Key Developments
13.5 IDEMIA
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Product and Services
13.5.4 Financial Overview
13.5.5 Swot Analysis
13.5.6 Key Developments
13.6 Jumio Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Swot Analysis
13.6.5 Key Developments
13.7 LexisNexis
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 SWOT Analysis
13.7.5 Key Developments
13.8 Mitek Systems, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 Swot Analysis
13.8.6 Key Developments
13.9 Onfido
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Swot Analysis
13.9.5 Key Developments
13.10 Trulioo
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Swot Analysis
13.10.5 Key Developments

14. Appendix
14.1 About the Publisher
14.2 Glossary
14.3 Methodology
14.3.1 Coverage
14.3.2 Secondary Research
14.3.3 Primary Research

L
Note: Product cover images may vary from those shown
3 of 3
  • Acuant, Inc.
  • Authenteq
  • Gemalto N.V. (Thales group)
  • Idemia
  • Mitek systems, Inc.
  • Experian information solutions, Inc.
  • Jumio
  • LexisNexis
  • Onfido
  • Trulioo.
Note: Product cover images may vary from those shown
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