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Identity Verification Market - Market Size & Forecasting (2018-2030)

  • ID: 5447938
  • Report
  • July 2021
  • Region: Global
  • 166 Pages
  • Quince Market Insights

FEATURED COMPANIES

  • Acuant Inc.Idemia,Jumio
  • Equifax Inc.
  • Gb Group plc
  • Innovatrics
  • Mitek Systems Inc.
  • Signicat
The purpose of the research is to present the most segmented consumption and sales statistics for various types of products, downstream consumption fields, and competitive landscape in different nations and regions throughout the world. It accomplishes this by assessing the most up-to-date market data from both primary and secondary reputable sources. The report also studies the recent industry market dynamics like opportunities, challenges, driving factors, restraining factors as well as market news like investments, mergers, and acquisitions. It also offers market size, growth rate by types, application as well as compile quantitative and qualitative methods for making micro and macroeconomic forecasts in various countries and regions.

The global identity verification market has been estimated to be USD 9,433.1 million in 2021 and is projected to grow at a CAGR of 18.2% during the forecast period, 2021-2030. The market research report helps in understanding the market and make strategies for the expansions for the market accordingly. The market strategy analysis provides information from market positioning as well as a marketing channel for potential growth strategies, offering detailed analysis for existing competitors and new entrants in the identity verification market.

In terms of product analysis, profiles, revenue, price, and gross margin, the research focuses on the leading market players. The research includes a regional consumption analysis as well as a value analysis by application, kind, and country. It also lists the names of the most important competitors in these areas.

Methodology:


The competitive landscape section of the market research report identifies different important market leaders of the identity verification market. It also helps the readers to understand the strategies and collaborations that companies are focusing on to combat competition in the global identity verification market. The comprehensive market research report provides an in-depth look at the market. The readers can identify the footprints of the market leaders by studying the global revenue of the manufacturers, the global price, and production by the manufacturer during the forecast period.

Key Highlights of the Market Research Report

  • It includes identity verification market segmentation analysis, which deals with quantitative and qualitative practices while discussing the impact of economic factors.
  • It also includes analysis of different regions and countries, which includes demand and supply-oriented actions that have a major impact on identity verification market expansion.
  • In-depth business profiles of the top market players, including latest developments, product offerings, critical financial information, and strategies adopted; industry dynamics and opportunities for market players' growth in the next years.
  • The competitive landscape depicts the major competitors' market revenue share.
  • Detailed Segmentation to help each stakeholder in market
  • 2500+ data points in 60+ tables with focus on historic demand, estimated demand, and demand forecast
  • Impact of COVID-19 on demand estimation & forecasts (2020 onward)
  • Separate analysis of each segment to understand market deviation due to Covid-19 from 2020 onwards
  • Coverage across 5 major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • Country level demand of the 25+ major markets with key trends & factors influencing the same

Key Questions Answered In The Market Report:

  • What will the global identity verification market growth rate be?
  • Who are the major players in the worldwide identity verification market?
  • What is the global identity verification market sales, price, and revenue analysis?
  • What market opportunities and dangers do new entrants into the global identity verification market industry face?
  • What are the main variables that contribute to the worldwide identity verification market expansion?

What Does This Report Provide


In recent years, there have been a number of business scenarios. Emerging markets and regional markets are two types of markets. Up to the second and/or third level of segmentation, The industry's historical, current, and forecast size in terms of value and volume with a summary of the company, goods, sales, and strategy. This analysis provides a thorough view of the worldwide market from both qualitative and quantitative aspects for the predicted period. The research also includes competitive market effect measures for the projected period, as well as an in-depth look at the top firms in the identity verification market.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Acuant Inc.Idemia,Jumio
  • Equifax Inc.
  • Gb Group plc
  • Innovatrics
  • Mitek Systems Inc.
  • Signicat
1 Market Abstract

2 Market Introduction
2.1 Market Scope
2.2 Key Definitions-Content
2.2.1 Identity
2.2.2 Identity Verification
2.2.3 Biometrics
2.2.4 Non-Biometrics

3. Research Practice
3.1 Research Practice
3.1.1 Supply Based Analysis
3.1.2 Demand Based Analysis
3.1.3 Global Level Analysis
3.1.4 Country Level Analysis
3.1.5 Triangulation
3.2 Primary Data
3.3 Secondary Data
3.4 Market Evaluation & Forecasting Methodology
3.5 Assumptions/ Limitations for the Study
3.6 What this Study Provides
3.7 Key Questions Answered by this Report
3.8 this Study is Intended For

4 Key Related Data
4.1 Key Industry Trends in Major Countries
4.2 Technological Advancement
4.2.1 Artificial Intelligence Technology
4.2.2 Near Field Communication (Nfc) Based Technology
4.2.3 Blockchain & Cryptography Based Technology
4.3 Standards & Regulations
4.3.1 U.S.
4.3.2 Canada
4.3.3 Europe
4.3.4 UK
4.3.5 Germany
4.3.6 France
4.3.7 China
4.3.8 India
4.3.9 Japan
4.3.10 Brazil
4.3.11 Saudi Arabia
4.4 Future Outlook of Global Identity Verification Market
4.5 Covid- 19 Impact on Identity Verification Market
4.6 Patent Analysis

5 Impact Factor Analysis
5.1 Drivers/Restraints/Opportunities/Challenges
5.1.1 Drivers
5.1.1.1 Increasing Fraudulent Activities and Identity Theft
5.1.1.2 Rising Trend of Byod
5.1.2 Restraints
5.1.2.1 Risks to Secure Identity Verification
5.1.2.2 Pricing Issues Related to the Identity Verification Solutions
5.1.3 Opportunities
5.1.3.1 Growing Digitalization With Initiatives Such as Eid (Electronic Id Cards), and Smart Infrastructure
5.1.4 Challenges
5.1.4.1 Solving Data Availability and Management Issues
5.2 Porter's Five Forces Model
5.2.1 Threat of New Entrants: (Low to Moderate)
5.2.2 Bargaining Power of Buyers: (Low)
5.2.3 Bargaining Power of Suppliers: (Moderate)
5.2.4 Intensity of Rivalry: (Moderate to High)
5.2.5 Threat of Substitutes: (Low)
5.3 Value Chain Analysis

6 Market Development Analysis
6.1 Overview
6.2 New Product Development/Product Launch (2015-2021)
6.3 Partnerships and Collaboration (2015-2021)
6.4 Mergers & Acquisitions (2015-2021)

7 Identity Verification Market, by Component
7.1 Introduction
7.2 Solution
7.3 Services

8 Identity Verification Market, by Type
8.1 Introduction
8.2 Non-Biometrics
8.3 Biometrics

9 Identity Verification Market, by Organization Size
9.1 Introduction
9.2 Small and Medium Enterprise (Smes)
9.3 Large Enterprises

10 Identity Verification Market, by Deployment Model
10.1 Introduction
10.2 On-Premises
10.3 Cloud

11 Identity Verification Market, by Vertical
11.1 Introduction
11.2 Bfsi
11.3 Government & Defense
11.4 Retail & Ecommerce
11.5 Healthcare & Life Sciences
11.6 It & Telecommunication
11.7 Energy & Utility
11.8 Others

12 Identity Verification Market, Regional Analysis
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia-Pacific
12.5 Middle East & Africa
12.6 South America

13 Global Identity Verification Market, Competitve Intelligence
13.1 Competitive Positioning.
13.1.1 Product Positioning
13.1.2 Regional Reach Positioning
13.2 Major Investments in Last Five Years by Global Players
13.3 Competitive Benchmarking.
13.4 Vendor Matrix.
13.5 Major Player Market Share Analysis (%), 2020.
13.6 Compititive Leadership Outlook.
Company Profile
13.7 Equifax, Inc.
13.7.1 Company Overview
13.7.2 Equifax, Inc.: Financial Overview
13.7.3 Equifax, Inc.: Product Overview
13.7.4 Equifax, Inc.: SWOT Analysis
13.7.5 Equifax, Inc.: Key Developments (2015-2021)
13.8 Experian plc
13.8.1 Company Overview
13.8.2 Experian plc: Financial Overview
13.8.3 Experian plc: Product Overview
13.8.4 Experian plc: SWOT Analysis
13.8.5 Experian plc: Key Developments (2015-2021)
13.9 Gb Group plc
13.9.1 Company Overview
13.9.2 Gb Group plc: Financial Overview
13.9.3 Gb Group plc: Product Overview
13.9.4 Gb Group plc: SWOT Analysis
13.10 Mitek Systems, Inc.
13.10.1 Company Overview
13.10.2 Mitek Systems, Inc.: Financial Overview
13.10.3 Mitek Systems, Inc.: Product Overview
13.10.4 Mitek Systems, Inc.: SWOT Analysis
13.10.5 Mitek Systems, Inc.: Key Developments
13.11 Thales Group
13.11.1 Company Overview
13.11.2 Thales Group: Financial Overview
13.11.3 Thales Group: Product Overview
13.11.4 Thales Group: SWOT Analysis
13.11.5 Thales Group: Key Developments
13.12 Applied Recognition
13.12.1 Company Overview
13.12.2 Applied Recognition: Financial Overview
13.12.3 Applied Recognition: Product Overview
13.12.4 Applied Recognition: SWOT Analysis
13.12.5 Applied Recognition: Key Developments
13.13 Lexisnexis Risk Solutions
13.13.1 Company Overview
13.13.2 Lexisnexis Risk Solutions: Financial Overview
13.13.3 Lexisnexis Risk Solutions: Product Overview
13.13.4 Lexisnexis Risk Solutions: SWOT Analysis
13.13.5 Lexisnexis Risk Solutions: Key Developments (2015-2021)
13.14 Onfido
13.14.1 Company Overview
13.14.2 Onfido: Financial Overview
13.14.3 Onfido: Product Overview
13.14.4 Onfido: SWOT Analysis
13.14.5 Onfido: Key Developments (2015-2021)
13.15 Trulioo
13.15.1 Company Overview
13.15.2 Trulioo: Financial Overview
13.15.3 Trulioo: Product Overview
13.15.4 Trulioo: SWOT Analysis
13.15.5 Trulioo: Key Developments (2015-2021)
13.16 Acuant, Inc.
13.16.1 Company Overview
13.16.2 Acuant, Inc: Financial Overview
13.16.3 Acuant, Inc.: Product Overview
13.16.4 Acuant, Inc.: SWOT Analysis
13.16.5 Acuant, Inc.: Key Developments (2015-2021)
13.17 Idemia
13.17.1 Company Overview
13.17.2 Idemia: Financial Overview
13.17.3 Idemia: Product Overview
13.17.4 Idemia: SWOT Analysis
13.17.5 Idemia: Key Developments (2015-2021)
13.18 Jumio
13.18.1 Company Overview
13.18.2 Jumio: Financial Overview
13.18.3 Jumio: Product Overview
13.18.4 Jumio: SWOT Analysis
13.18.5 Jumio: Key Developments (2015-2021)
13.19 Transunion
13.19.1 Company Overview
13.19.2 Transunion: Financial Overview
13.19.3 Transunion: Product Overview
13.19.4 Transunion: SWOT Analysis
13.19.5 Transunion: Key Developments (2015-2021)
13.20 Au10Tix
13.20.1 Company Overview
13.20.2 Au10Tix: Parent Company Financial Overview
13.20.3 Au10Tix: Product Overview
13.20.4 Au10Tix: SWOT Analysis
13.20.5 Au10Tix: Key Developments (2015-2021)
13.21 Idology
13.21.1 Company Overview
13.21.2 Idology: Financial Overview
13.21.3 Idology: Product Overview
13.21.4 Idology: SWOT Analysis
13.22 Innovatrics
13.22.1 Company Overview
13.22.2 Innovatrics: Financial Overview
13.22.3 Innovatrics: Product Overview
13.22.4 Innovatrics: SWOT Analysis
13.22.5 Innovatrics: Key Developments (2015-2021)
13.23 Signicat
13.23.1 Company Overview
13.23.2 Signicat: Financial Overview
13.23.3 Signicat: Product Overview
13.23.4 Signicat: SWOT Analysis
13.23.5 Signicat: Key Developments (2015-2021)

14 Appendix
14.1 List of Abbreviation
14.2 Key Stakeholders Opinion
14.3 Key Related Reports

List of Tables
Table 1 New Product Development/Product Launch (2015-2021)
Table 2 Partnerships and Collaboration (2015-2021)
Table 3 Mergers & Acquisitions (2015-2021)
Table 4 Identity Verification Market, by Component - Under Covid-19 (Usd Million) 2018-2030
Table 5 Identity Verification Market, by Component - (Usd Million) 2018-2030
Table 6 Identity Verification Market, by Solution- Under Covid-19 (Usd Million) 2018-2030
Table 7 Identity Verification Market, by Solution (Usd Million), 2018-2030
Table 8 Solution: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 9 Solution: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 10 Identity Verification Market, by Services- Under Covid-19 (Usd Million) 2018-2030
Table 11 Identity Verification Market, by Services - (Usd Million) 2018-2030
Table 12 Services: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 13 Services: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 14 Identity Verification Market, by Type- Under Covid-19 (Usd Million) 2018-2030
Table 15 Identity Verification Market, by Type- (Usd Million) 2018-2030
Table 16 Non-Biometrics: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 17 Non-Biometrics: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 18 Biometrics: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 19 Biometrics: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 20 Identity Verification Market, by Organization Size- Under Covid-19 (Usd Million) 2018-2030
Table 21 Identity Verification Market, by Organization Size- (Usd Million) 2018-2030
Table 22 Small and Medium Enterprise: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 23 Small and Medium Enterprise: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 24 Large Enterprises: Identity Verification Market, by Region - Under Covid-19 (Usd Million) 2018-2030
Table 25 Large Enterprises: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 26 Identity Verification Market, by Deployment Model- Under Covid-19 (Usd Million) 2018-2030
Table 27 Identity Verification Market, by Deployment Model- (Usd Million) 2018-2030
Table 28 On-Premises: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 29 On-Premises: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 30 Cloud: Identity Verification Market, by Region - Under Covid-19 (Usd Million) 2018-2030
Table 31 Cloud: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 32 Identity Verification Market, by Vertical - Under Covid-19 (Usd Million) 2018-2030
Table 33 Identity Verification Market, by Vertical - (Usd Million) 2018-2030
Table 34 Bfsi: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 35 Bfsi: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 36 Government & Defense: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 37 Government & Defense: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 38 Retail & Ecommerce: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 39 Retail & Ecommerce: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 40 Healthcare & Life Sciences: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 41 Healthcare & Life Sciences: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 42 It & Telecommunication: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 43 It & Telecommunication: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 44 Energy & Utility: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 45 Energy & Utility: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 46 Others: Identity Verification Market, by Region -Under Covid-19 (Usd Million) 2018-2030
Table 47 Others: Identity Verification Market, by Region (Usd Million) 2018-2030
Table 48 Identity Verification Market, by Region- Under Covid-19 (Usd Million) 2018-2030
Table 49 Identity Verification Market, by Region (Usd Million) 2018-2030
Table 50 North America Identity Verification Market, by Country - Under Covid-19 (Usd Million) 2018-2030
Table 51 North America Identity Verification Market, by Country (Usd Million) 2018-2030
Table 52 North America Identity Verification Market, by Component - Under Covid-19 (Usd Million) 2018-2030
Table 53 North America Identity Verification Market, by Component- (Usd Million) 2018-2030
Table 54 North America Identity Verification Market, by Solution- Under Covid-19 (Usd Million) 2018-2030
Table 55 North America Identity Verification Market, by Solution- (Usd Million) 2018-2030
Table 56 North America Identity Verification Market, by Services- Under Covid-19 (Usd Million) 2018-2030
Table 57 North America Identity Verification Market, by Services- (Usd Million) 2018-2030
Table 58 North America Identity Verification Market, by Type - Under Covid-19 (Usd Million) 2018-2030
Table 59 North America Identity Verification Market, by Type - (Usd Million) 2018-2030
Table 60 North America Identity Verification Market, by Organization Size - Under Covid-19 (Usd Million) 2018-2030
Table 61 North America Identity Verification Market, by Organization Size - (Usd Million) 2018-2030
Table 62 North America Identity Verification Market, by Deployment Model - Under Covid-19 (Usd Million) 2018-2030
Table 63 North America Identity Verification Market, by Deployment Model - (Usd Million) 2018-2030
Table 64 North America Identity Verification Market, by Vertical - Under Covid-19 (Usd Million) 2018-2030
Table 65 North America Identity Verification Market, by Vertical - (Usd Million) 2018-2030
Table 66 Europe Identity Verification Market, by Country - Under Covid-19 (Usd Million) 2018-2030
Table 67 Europe Identity Verification Market, by Country (Usd Million) 2018-2030
Table 68 Europe Identity Verification Market, by Component - Under Covid-19 (Usd Million) 2018-2030
Table 69 Europe Identity Verification Market, by Component- (Usd Million) 2018-2030
Table 70 Europe Identity Verification Market, by Solution- Under Covid-19 (Usd Million) 2018-2030
Table 71 Europe Identity Verification Market, by Solution- (Usd Million) 2018-2030
Table 72 Europe Identity Verification Market, by Services- Under Covid-19 (Usd Million) 2018-2030
Table 73 Europe Identity Verification Market, by Services- (Usd Million) 2018-2030
Table 74 Europe Identity Verification Market, by Type - Under Covid-19 (Usd Million) 2018-2030
Table 75 Europe Identity Verification Market, by Type - (Usd Million) 2018-2030
Table 76 Europe Identity Verification Market, by Organization Size - Under Covid-19 (Usd Million) 2018-2030
Table 77 Europe Identity Verification Market, by Organization Size - (Usd Million) 2018-2030
Table 78 Europe Identity Verification Market, by Deployment Model - Under Covid-19 (Usd Million) 2018-2030
Table 79 Europe Identity Verification Market, by Deployment Model - (Usd Million) 2018-2030
Table 80 Europe Identity Verification Market, by Vertical - Under Covid-19 (Usd Million) 2018-2030
Table 81 Europe Identity Verification Market, by Vertical - (Usd Million) 2018-2030
Table 82 Asia-Pacific Identity Verification Market, by Country - Under Covid-19 (Usd Million) 2018-2030
Table 83 Asia-Pacific Identity Verification Market, by Country (Usd Million) 2018-2030
Table 84 Asia-Pacific Identity Verification Market, by Component - Under Covid-19 (Usd Million) 2018-2030
Table 85 Asia-Pacific Identity Verification Market, by Component- (Usd Million) 2018-2030
Table 86 Asia-Pacific Identity Verification Market, by Solution- Under Covid-19 (Usd Million) 2018-2030
Table 87 Asia-Pacific Identity Verification Market, by Solution- (Usd Million) 2018-2030
Table 88 Asia-Pacific Identity Verification Market, by Services- Under Covid-19 (Usd Million) 2018-2030
Table 89 Asia-Pacific Identity Verification Market, by Services- (Usd Million) 2018-2030
Table 90 Asia-Pacific Identity Verification Market, by Type - Under Covid-19 (Usd Million) 2018-2030
Table 91 Asia-Pacific Identity Verification Market, by Type - (Usd Million) 2018-2030
Table 92 Asia-Pacific Identity Verification Market, by Organization Size - Under Covid-19 (Usd Million) 2018-2030
Table 93 Asia-Pacific Identity Verification Market, by Organization Size - (Usd Million) 2018-2030
Table 94 Asia-Pacific Identity Verification Market, by Deployment Model - Under Covid-19 (Usd Million) 2018-2030
Table 95 Asia-Pacific Identity Verification Market, by Deployment Model - (Usd Million) 2018-2030
Table 96 Asia-Pacific Identity Verification Market, by Vertical - Under Covid-19 (Usd Million) 2018-2030
Table 97 Asia-Pacific Identity Verification Market, by Vertical - (Usd Million) 2018-2030
Table 98 Middle East & Africa Identity Verification Market, by Country - Under Covid-19 (Usd Million) 2018-2030
Table 99 Middle East & Africa Identity Verification Market, by Country (Usd Million) 2018-2030
Table 100 Middle East & Africa Identity Verification Market, by Component - Under Covid-19 (Usd Million) 2018-2030
Table 101 Middle East & Africa Identity Verification Market, by Component- (Usd Million) 2018-2030
Table 102 Middle East & Africa Identity Verification Market, by Solution- Under Covid-19 (Usd Million) 2018-2030
Table 103 Middle East & Africa Identity Verification Market, by Solution- (Usd Million) 2018-2030
Table 104 Middle East & Africa Identity Verification Market, by Services- Under Covid-19 (Usd Million) 2018-2030
Table 105 Middle East & Africa Identity Verification Market, by Services- (Usd Million) 2018-2030
Table 106 Middle East & Africa Identity Verification Market, by Type - Under Covid-19 (Usd Million) 2018-2030
Table 107 Middle East & Africa Identity Verification Market, by Type - (Usd Million) 2018-2030
Table 108 Middle East & Africa Identity Verification Market, by Organization Size - Under Covid-19 (Usd Million) 2018-2030
Table 109 Middle East & Africa Identity Verification Market, by Organization Size - (Usd Million) 2018-2030
Table 110 Middle East & Africa Identity Verification Market, by Deployment Model - Under Covid-19 (Usd Million) 2018-2030
Table 111 Middle East & Africa Identity Verification Market, by Deployment Model - (Usd Million) 2018-2030
Table 112 Middle East & Africa Identity Verification Market, by Vertical - Under Covid-19 (Usd Million) 2018-2030
Table 113 Middle East & Africa Identity Verification Market, by Vertical - (Usd Million) 2018-2030
Table 114 South America Identity Verification Market, by Country - Under Covid-19 (Usd Million) 2018-2030
Table 115 South America Identity Verification Market, by Country (Usd Million) 2018-2030
Table 116 South America Identity Verification Market, by Component - Under Covid-19 (Usd Million) 2018-2030
Table 117 South America Identity Verification Market, by Component- (Usd Million) 2018-2030
Table 118 South America Identity Verification Market, by Solution- Under Covid-19 (Usd Million) 2018-2030
Table 119 South America Identity Verification Market, by Solution- (Usd Million) 2018-2030
Table 120 South America Identity Verification Market, by Services- Under Covid-19 (Usd Million) 2018-2030
Table 121 South America Identity Verification Market, by Services- (Usd Million) 2018-2030
Table 122 South America Identity Verification Market, by Type - Under Covid-19 (Usd Million) 2018-2030
Table 123 South America Identity Verification Market, by Type - (Usd Million) 2018-2030
Table 124 South America Identity Verification Market, by Organization Size - Under Covid-19 (Usd Million) 2018-2030
Table 125 South America Identity Verification Market, by Organization Size - (Usd Million) 2018-2030
Table 126 South America Identity Verification Market, by Deployment Model - Under Covid-19 (Usd Million) 2018-2030
Table 127 South America Identity Verification Market, by Deployment Model - (Usd Million) 2018-2030
Table 128 South America Identity Verification Market, by Vertical - Under Covid-19 (Usd Million) 2018-2030
Table 129 South America Identity Verification Market, by Vertical - (Usd Million) 2018-2030

List of Figures
Figure 1 Identity Verification Market: by Component, 2021 & 2030
Figure 2 Identity Verification Market: by Type, 2021 & 2030
Figure 3 Identity Verification Market: by Organization Size, 2021 & 2030
Figure 4 Identity Verification Market: by Deployment, 2021 & 2030
Figure 5 Identity Verification Market: by Vertical, 2021 & 2030
Figure 6 Identity Verification Market: by Region, 2018-2030
Figure 7 Identity Verification Market - Market Scope
Figure 8 Identity Verification Market -Research Practice
Figure 9 Identity Verification Market -Research Methodology
Figure 10 Identity Verification Market -Primary and Secondary Research
Figure 11 Droc Analysis
Figure 12 Porter's Five Forces Model- Identity Verification Market
Figure 13 Identity Verification Market, by Component, 2018-2030
Figure 14 Identity Verification Market, by Type, 2018-2030
Figure 15 Identity Verification Market, by Organization Size, 2018-2030
Figure 16 Identity Verification Market, by Deployment Model, 2018-2030
Figure 17 Identity Verification Market, by Vertical, 2018-2030
Figure 18 Identity Verification Market - by Region
Figure 19 North America Identity Verification Market Snapshot
Figure 20 North America Identity Verification Market - by Country 2018-2030
Figure 21 North America Identity Verification Market - by Component, 2018-2030
Figure 22 North America Identity Verification Market - by Type 2018-2030
Figure 23 North America Identity Verification Market - by Organization Size 2018-2030
Figure 24 North America Identity Verification Market - by Deployment Model 2018-2030
Figure 25 North America Identity Verification Market - by Vertical 2018-2030
Figure 26 Europe Identity Verification Market Snapshot
Figure 27 Europe Identity Verification Market - by Country 2018-2030
Figure 28 Europe Identity Verification Market - by Component, 2018-2030
Figure 29 Europe Identity Verification Market - by Type 2018-2030
Figure 30 Europe Identity Verification Market - by Organization Size 2018-2030
Figure 31 Europe Identity Verification Market - by Deployment Model 2018-2030
Figure 32 Europe Identity Verification Market - by Vertical 2018-2030
Figure 33 Asia-Pacific Identity Verification Market Snapshot
Figure 34 Asia-Pacific Identity Verification Market - by Country 2018-2030
Figure 35 Asia-Pacific Identity Verification Market - by Component, 2018-2030
Figure 36 Asia-Pacific Identity Verification Market - by Type 2018-2030
Figure 37 Asia-Pacific Identity Verification Market - by Organization Size 2018-2030
Figure 38 Asia-Pacific Identity Verification Market - by Deployment Model 2018-2030
Figure 39 Asia-Pacific Identity Verification Market - by Vertical 2018-2030
Figure 40 Middle East & Africa Identity Verification Market Snapshot
Figure 41 Middle East & Africa Identity Verification Market - by Country 2018-2030
Figure 42 Middle East & Africa Identity Verification Market - by Component, 2018-2030
Figure 43 Middle East & Africa Identity Verification Market - by Type 2018-2030
Figure 44 Middle East & Africa Identity Verification Market - by Organization Size 2018-2030
Figure 45 Middle East & Africa Identity Verification Market - by Deployment Model 2018-2030
Figure 46 Middle East & Africa Identity Verification Market - by Vertical 2018-2030
Figure 47 South America Identity Verification Market Snapshot
Figure 48 South America Identity Verification Market - by Country 2018-2030
Figure 49 South America Identity Verification Market - by Component, 2018-2030
Figure 50 South America Identity Verification Market - by Type 2018-2030
Figure 51 North America Identity Verification Market - by Organization Size 2018-2030
Figure 52 South America Identity Verification Market - by Deployment Model 2018-2030
Figure 53 South America Identity Verification Market - by Vertical 2018-2030
Figure 54 Product Positioning
Figure 55 Regional Reach Positioning
Figure 56 Vendor Matrix
Figure 57 Major Player Market Share Analysis (%), 2020
Figure 58 Equifax, Inc. (Business Overview)
Figure 59 Equifax, Inc. (Financial Overview)
Figure 60 Equifax, Inc.: SWOT Analysis
Figure 61 Experian plc (Business Overview)
Figure 62 Experian plc (Financial Overview)
Figure 63 Experian plc: SWOT Analysis
Figure 64 Gb Group plc (Business Overview)
Figure 65 Gb Group plc (Financial Overview)
Figure 66 Gb Group plc: SWOT Analysis
Figure 67 Mitek Systems, Inc. (Business Overview)
Figure 68 Mitek Systems, Inc. (Financial Overview)
Figure 69 Mitek Systems, Inc.: SWOT Analysis
Figure 70 Thales Group (Business Overview)
Figure 71 Thales Group (Financial Overview)
Figure 72 Thales Group: SWOT Analysis
Figure 73 Applied Recognition (Business Overview)
Figure 74 Applied Recognition: SWOT Analysis
Figure 75 Lexisnexis Risk Solutions (Business Overview)
Figure 76 Lexisnexis Risk Solutions (Financial Overview)
Figure 77 Lexisnexis Risk Solutions : SWOT Analysis
Figure 78 Onfido (Business Overview)
Figure 79 Onfido: SWOT Analysis
Figure 80 Trulioo (Business Overview)
Figure 81 Trulioo: SWOT Analysis
Figure 82 Acuant, Inc. (Business Overview)
Figure 83 Acuant, Inc.: SWOT Analysis
Figure 84 Idemia (Business Overview)
Figure 85 Idemia: SWOT Analysis
Figure 86 Jumio (Business Overview)
Figure 87 Transunion (Business Overview)
Figure 88 Transunion (Financial Overview)
Figure 89 Au10Tix: (Business Overview)
Figure 90 Au10Tix (Icts International Financial Overview)
Figure 91 Au10Tix: SWOT Analysis
Figure 92 Idology (Business Overview)
Figure 93 Idology: SWOT Analysis
Figure 94 Innovatrics: (Business Overview)
Figure 95 Innovatrics: SWOT Analysis
Figure 96 Signicat (Business Overview)
Figure 97 Signicat: SWOT Analysis
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Acuant Inc.Idemia,Jumio
  • Equifax Inc.
  • Gb Group plc
  • Innovatrics
  • Mitek Systems Inc.
  • Signicat
The global identity verification market has been estimated to be USD 9,433.1 million in 2021 and is projected to reach USD 42,474.9 million by 2030, at a CAGR of 18.2% during the forecast period, 2021-2030. However, without the COVID-19 impact, the global identity verification market was estimated to be USD 9,621.1 million in 2021 and USD 51,745.6 million in 2030, at a CAGR of 20.6%.

Identity verification is one of the important processes that ensure that a person’s identity matches the one that is supposed to be identity verification ensures that there has to be a real person behind a process and proves the real identity of the person or individual, preventing a person from carrying out a process on another’s behalf without authorization and creating false identities or commit fraud.

Identity verification solution assists businesses to make sure that the online user or individual is genuine. Companies get assertion about user identities so that they can generate trust online and offline, avert identity fraud, and be in compliance with the anti-fraud and privacy regulations. Multiple departments in an organization can use identity verification solutions to verify identities.

The key factors promoting the growth of the identity verification market include rising digitization initiatives, growing fraudulent activities and identity theft during the last decade, and rising use cases of digital identities among various industry verticals. Moreover, increasing government initiatives and regulations and enterprises with a high focus on digitalization and technological implementation, such as automation AI and machine learning in identity verification solutions, would provide notable opportunities for identity verification vendors.

Amid the COVID-19 pandemic, industry verticals across the globe had to mandatorily adapt to the new digital world due to trends like work from home (WFH). Almost all enterprises are operating more in the digital world where cyber-attacks are increasing. This has given rise to identity theft and identity spoofing, resulting in the increased importance of stronger identity verification solutions. Identity verification solutions provide the methods for stronger and reliable authentication for employees as well as clients and offer the required access to them.

Digitalization of the globe has brought many identity-related frauds to light and has prompted businesses to take stringent measures for securing them. With growing digitalization across governments and private sectors around the world, identity verification has become a vital component where verified identity is mandatory, such as for border control and digital services access.

The large volume of data generated in the healthcare sector and the advent of COVID-19 have provided a significant opportunity for the identity verification market. The solution and service providers have a lot of room to expand into various new verticals and have seen considerable opportunities in the market. Key companies would concentrate their efforts on the emerging sector, offering creative products and services to gain a competitive edge in the market. Companies covered in this report include Equifax, Experian, GBG, Mitek Systems, Thales Group, LexisNexis Risk Solutions, Onfido, Trulioo, Acuant, IDEMIA, and others.

The global identity verification market report has been segmented as component, type, organization size, deployment model, vertical, and region.

Based on component, this market is segmented into solutions and services. The solutions segment is further divided into document/id verification, digital/electronic identity verification, and authentication. The services segment is divided into professional services and managed services. The solution segment is expected to capture the highest market share in the global identity verification market. It has been estimated to account for USD 6,729.8 million in 2021 and is projected to reach USD 31,511.8 million by 2030, at a CAGR of 18.7% during the forecast period. However, without the COVID-19 impact, the solution segment was estimated to be USD 6,863.9 million in 2021 and USD 38,389.7 million in 2030, at a CAGR of 21.1% during the forecast period.

The growth of this segment will be driven by increasing fraudulent activities and personal identity theft due to the limited availability of IT personnel, resources, and budget constraints. This will prompt large as well as small enterprises to adopt identity verification solutions, which is expected to drive market growth.

Based on type, the identity verification market is classified into non-biometrics and biometrics. Between these two segments, the non-biometrics segment is expected to have a larger share in the identity verification market in 2021 due to the growing smartphone penetration in emerging countries and the rising use of document verification, enhanced customer satisfaction, and increasing adoption in the travel industry.

The non-biometrics segment has been estimated to account for USD 5,505.2 million in 2021 and is projected to reach USD 24,025.4 million by 2030, at a CAGR of 17.8% during the forecast period. However, without the COVID-19 impact, the non-biometrics segment was estimated to be USD 5,614.9 million in 2021 and USD 29,269.2 million in 2030, at a CAGR of 20.1% during the forecast period.

Based on the organization size, the market is segmented into small & medium enterprises (SMEs) and large enterprises. The small & medium enterprises segment is anticipated to grow rapidly over the forecast period. The need to meet government regulations and growing digitalization in small and medium-sized enterprises (SMEs) will act as the major factors in driving the identity verification market during the forecast period. The large enterprises segment is expected to dominate the market in 2021 due to the adoption of work from home models amid the COVID-19 pandemic, which has resulted in a higher and faster adoption rate of identity verification solutions by large enterprises.

The large enterprises segment has been estimated to account for USD 6,657.9 million in 2021 and is projected to reach USD 28,957.7 million by 2030, at a CAGR of 17.7% during the forecast period. However, without the COVID-19 impact, the large enterprises segment was estimated to be USD 6,790.6 million in 2021 and USD 35,278.0 million in 2030, at a CAGR of 20.1% during the forecast period.

Based on deployment, the market is segmented into cloud and on-premises. The on-premise segment is expected to dominate the market in the year 2021. This is due to the growing use of various identity verification software tools for data and personal security. Additionally, the growing trend of contactless biometrics and the use of fingerprint scanners are expected to drive the growth of the on-premise segment during the forecast period.

The on-premise segment has been estimated to account for USD 5,767.1 million in 2021 and is projected to reach USD 23,223.8 million by 2030, at a CAGR of 16.7% during the forecast period. However, without the COVID-19 impact, the on-premise segment was estimated to be USD 5,882.0 million in 2021 and USD 28,292.7 million in 2030, at a CAGR of 19.1% during the forecast period.

Based on vertical, this market is segmented into banking, financial services & insurance (BFSI), government & defense, retail & e-commerce, healthcare & life sciences, IT & telecommunication, energy & utility, and others. The BFSI vertical is witnessing prominent growth in the market. In this digital age, BFSI companies are making significant adoption of digital tools, which has presented rising cybersecurity risks to BFSI institutions. Such threats ensure higher adoption of identity verification solutions in the BFSI segment.

The BFSI segment has been estimated to account for USD 3,314.8 million in 2021 and is projected to reach USD 16,576.3 million by 2030, at a CAGR of 19.6% during the forecast period. However, without the COVID-19 impact, the BFSI segment was estimated to be USD 3,380.8 million in 2021 and USD 22,194.3 million in 2030, at a CAGR of 22.0% during the forecast period.

Based on region, the market has been segmented as North America, Asia Pacific, Europe, Middle East & Africa, and South America. The North American region is estimated to hold a major market share during the forecast period. This is due to the rapid convergence of machine learning solutions with big data, the Internet of Things (IoT), and other emerging technologies. Furthermore, some of the top companies providing identity verification solutions have a large presence in the region, which is expected to generate high revenue in the North American region during the forecast period.

The North American identity verification market has been estimated to account for USD 3,283.8 million in 2021 and is projected to reach USD 13,948.8 million by 2030, at a CAGR of 17.4% during the forecast period. However, without the COVID-19 impact, the North American market was estimated to be USD 3,349.2 million in 2021 and USD 16,993.3 million in 2030, at a CAGR of 19.8% during the forecast period.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Equifax Inc.
  • Experian plc
  • Gb Group plc
  • Mitek Systems Inc.
  • Thales Group
  • Applied Recognition
  • Lexisnexis Risk Solutions
  • Onfido
  • Trulioo
  • Acuant Inc.Idemia,Jumio
  • Transunion
  • Au10Tix (Icts International)
  • Idology
  • Innovatrics
  • Signicat
Note: Product cover images may vary from those shown