Identity Verification Market Forecast 2024-29: Unleashing Growth Potential and Profitability

Identity Verification Market - Industry Trends and Forecast to 2029

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Identity Verification Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2029. This study offers an in-depth examination of the industry, encompassing Identity Verification market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.

Identity Verification Reports Highlights

What is the size of the Identity Verification Market?

The Global Identity Verification Market size is estimated to be around USD 19.1 billion by 2029 and is estimated to grow at a CAGR of around 11.2% during the forecast period, i.e., 2024-29. The market is undergoing rapid expansion & transformation, driven by the growing importance of digital identity across major industrial domains. Globally, the consumer electronics industry is a key end-user for the industry, owing to the continuously surging sales of mobile devices, laptops, and tablets, among others, requiring the usage of biometric or other identity verification solutions to minimize loss of these devices & consumer data.

What do the growth prospects and trends look like in the Identity Verification Industry?

Surging Adoption of Digitalization Augmenting the Market Growth – The rapid shift toward digital services and online interactions across end-user industries has spurred the demand for efficient & secure identity verification solutions. The global market is witnessing a profound transformation fueled by the need to combat identity theft, fraud, and stringent regulatory requirements. As businesses increasingly adopt digital platforms for customer interactions, from e-commerce to financial services & telehealth, the importance of robust identity verification has been growing in recent years.

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What Components are encompassed within Identity Verification Market segmentation?

The report has divided the market into the following segments:

By Component

-Solution- Market Size & Forecast 2019-2029F, (USD Million)

-Service- Market Size & Forecast 2019-2029F, USD Million

By Type

-Biometric- Market Size & Forecast 2019-2029F, USD Million

-Non-Biometric- Market Size & Forecast 2019-2029F, USD Million

By Mode of Deployment

-Cloud - Market Size & Forecast 2019-2029F, USD Million

-On-Premises - Market Size & Forecast 2019-2029F, USD Million

By Organization Size

-Large Enterprises - Market Size & Forecast 2019-2029F, USD Million

-Small & Medium Enterprises - Market Size & Forecast 2019-2029F, USD Million

By Application

-Access Control and User Monitoring - Market Size & Forecast 2019-2029F, USD Million

-Know your Customer and Business, Onboarding - Market Size & Forecast 2019-2029F, USD Million

-Identity Fraud and Compliance and Forensic- Market Size & Forecast 2019-2029F, USD Million

By End-User

-BFSI - Market Size & Forecast 2019-2029F, USD Million

-E-commerce & Retail - Market Size & Forecast 2019-2029F, USD Million

-Defense- Market Size & Forecast 2019-2029F, USD Million

-Healthcare- Market Size & Forecast 2019-2029F, USD Million

-IT Services- Market Size & Forecast 2019-2029F, USD Million

-Others (Telecom, Gaming, etc.) - Market Size & Forecast 2019-2029F, USD Million

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific.

View Full Report with TOC & List of Figure: –  https://www.marknteladvisors.com/research-library/identity-verification-market.html

Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

LexisNexis Risk Solutions

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Experian Information Solution, Inc.

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Equifax

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Thales

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

GBG Plc.

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

MasterCard

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Trans Union LLC

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Trulioo

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Mitek System Inc.

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Jumio

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Idfy

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

SigniCat

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Veriff

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

PXL Vision AG

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

SumSub

-Business Description

-Technology Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others.

About Us-

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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