Identity Verification Market 2021 Business Trends, COVID – 19 Outbreak, Global Segments, Industry Profit Growth and Regional Study

Identity Verification Market Overview:

Global Identity Verification Market securing a substantial market valuation and a healthy CAGR over the review period. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.

Global Identity Verification Market has been segmented based on Component, Deployment Mode, Organization Size, and Verticals.

Competitive Analysis:

The Key Players of the Global Identity Verification Market are Experian (Ireland), GBG (UK), Equifax (US), Mitek Systems (US), Thales Group (France), LexisNexis Risk Solutions (US), Onfido (UK), Trulioo (Canada), Acuant (US), IDEMIA (France), Jumio (US), TransUnion (US), AU10TIX (Israel), IDology (US), Innovatrics (Slovakia), Applied Recognition (Canada), Signicat (Norway), SecureKey (Canada), IDfy (India), Authenteq (Iceland), Veri5Digital (India), PXL Vision (Switzerland), IDMERIT(US), Shufti Pro (UK), Idenfy (Lithuania), WebID (Germany), IDnow (Germany), Signzy (India), and Passbase (Germany)

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Segmentations:

• Based on the Component, the identity verification market has been segmented into solutions and services. The solutions segment held the larger market share of the global identity verification market and is also expected to witness a higher CAGR during the forecast period. The solution segment enables various devices to provide access to secure areas.  
• Based on the Type, the identity verification market has been segmented into Biometrics, Non- Biometrics. The biometrics segment held the largest market share of the global identity verification market.  Biometric identity verification solutions verify or recognize the identity of a person based on physiological characteristics such as fingerprint or face pattern.
• Based on deployment mode, the identity verification market has been segmented into on-premises and cloud. The cloud segment is expected to have a larger market share in the identity verification market during the forecast period. This is mainly due to the cost benefits of cloud deployment; it is largely adopted by various small and medium enterprises.
• Based on organization size, the identity verification market has been segmented into SMEs and large enterprises. The SMEs segment is likely to register the higher CAGR in the global identity verification market owing to the increasing adoption of identity verification solutions and vulnerability to cyber threats.  The large enterprises segment accounted for the larger market size in 2019.
• Based on verticals, the identity verification market has been segmented into BFSI, government and defense, healthcare & life sciences, retail and eCommerce, IT & ITeS, energy and utilities, and others. The other segment is further sub-segmented into education, travel, and gaming. The BFSI segment held the largest market share of the global identity verification market and is also expected to witness the highest CAGR during the forecast period. The rising digitization of banking processes, such as digital onboarding and payments, is anticipated to propel the market growth.

Regional Analysis:

The regional analysis for the global identity verification has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America accounted for the largest market share in 2019, and it is expected to register strong growth during the forecast period.

The market in Asia-Pacific is expected to register the highest CAGR during the forecast period, primarily due to the growing need to resolve cyber threat issues quickly.

Table of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Identity Verification Market, By Component

1.1.2. Global Identity Verification Market, By Type

1.1.3. Global Identity Verification Market, By Deployment Mode

1.1.4. Global Identity Verification Market, By Organization Size

1.1.5. Global Identity Verification Market, By Vertical

1.1.6. Global Identity Verification Market, By Region

2. Market Introduction

2.1. Definition

2.2. Scope of The Study

2.3. Market Structure

continued….

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List of Tables

Table 1: List of Assumptions

Table 2 Global Identity Verification Market, By Component, 2018–2025 (Usd Million)

Table 3 Global Identity Verification Market, By Type, 2018–2025 (Usd Million)

Table 4 Global Identity Verification Market, By Deployment Mode, 2018–2025 (Usd Million)

Table 5 Global Identity Verification Market, By Organization Size, 2018–2025 (Usd Million)

Continued….

List of Figures

Figure 1 Market Synopsis

Figure 2 Research Process of Mrfr

Figure 3 Top-Down and Bottom-Up Approach

Figure 4 Global Identity Verification Market, By Component, 2018–2025 (Usd Million)

Figure 5 Global Identity Verification Market, By Type, 2018–2025 (Usd Million)

Continued….

About Market Research Future

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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