Identity Verification Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021-2026

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Identity Verification Market Overview

Identity Verification Market size is forecast to reach $11866.74 million by 2026, growing at a CAGR 14.05% from 2021 to 2026. Acceptance of digital payment method is predicted to increase following the COVID-19 outbreak and play a larger role in the long run. Governments and regulatory authorities are restricting the use of currency, which is considered as a potential carrier of the virus. For example, during a government-imposed shutdown, the use of currency in the United Kingdom was halved. Due to the COVID-19 epidemic in the United Kingdom, FATF guidelines have allowed consumers to transmit selfies and email scanned ID documents as proof of identification. Increased digitization initiatives, an increase in fraudulent activities and identity theft over the last decade, and an increase in use cases of digital identities across sectors are the primary reasons driving the identity verification industry. Furthermore, initiatives by governments and companies focusing on digitalization and the use of new technologies such as Artificial Intelligence, Machine Learning and automation in identity verification systems would present lucrative opportunities for identity verification vendors and will help to grow identity verification industry.

Report Coverage

The report: “Identity Verification Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of Identity Verification Market. 
By Solution: Digital Identity Verification, ID Verification, Identity Authentication, Document Verification, AML Screening and Monitoring, Business Verification, Others
By Type: Hardware, Software, Services
By Verification Type: Knowledge based Authentication, SMS Based Two Factor Authentication, Credit Bureau Based Solutions, Database Solutions, AL/ML Based Authentication, Biometrics Authentication, Others
By Deployment: Cloud, On-premise
By Organization Size: Small & Medium Enterprise, Large Enterprise
By End-User: BFSI, Government and Defence, Retail, Healthcare, IT & Telecom, Entertainment and Gaming, Transportation and Mobility, Energy & Utilities, Hospitality, Others
By Geography: North America, South America, Europe, APAC, RoW

Key Takeaways

  • Surge in number of cyber-crimes and stringent regulation relevant to data protection and identity theft are the major factors propelling the growth of identity verification market during the forecast period. 
  • Digital identification has the potential to multiply future economic value across multiple regions. Digital identity schemes play a vital role in the development of innovative products and solutions, as well as in drastically lowering operational costs for relying parties.
  • With technological improvements, there has been an increase in the risks of data privacy, fraud prevention, and security. The telecommunications industry is directly or indirectly linked to a variety of critical services, including national security, health, finance, and others. The market is being propelled by the adoption of identity verification in this industry.
  • As a result of its early acceptance of new technologies, Asia Pacific is predicted to contribute to the fastest-growing region with the greatest CAGR during the projection period.

Global Identity Verification Market, By Region, 2020



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Identity Verification Market Segment Analysis - By Solution

By solution, the identification verification market is segmented into Digital Identity Verification, ID Verification, Identity Authentication, Document Verification, AML Screening and Monitoring, Business Verification, Others. Among them, the Digital identity verification segment is expected to grow at a highest CAGR 17.20% over the forecast period. Digital identity verification is a process that validates a person’s traits and verifies their identity using computer technology. Businesses in every industry today are moving to digital models. From banking, to shopping, to travel, companies are using digital infrastructure for the purpose of identity verification of their customers as well as fraudsters to avoid cybercrimes. As a result, high adoption of identification verification solution is witnessed. For Instance: In August 2020, Citi Ventures and Wells Fargo Strategic Capital joined a $35 million funding round for machine learning-based digital identity verification startup called Socure. This investment is aimed at the development of Socure’s digital identification technology that reduces fraud for online new account openings by up to 95% with false positives of better than 1:1, while cutting manual review rates by as much as 90%. Such investments are anticipated to boost the digital identification market during the forecast period 2021 – 2026.

Identity Verification Market Segment Analysis - By End-User  

By end-user, the identification verification market is segmented into BFSI, Government and Defence, Retail, Healthcare, IT & Telecom, Entertainment and Gaming, Transportation and Mobility, Energy & Utilities, Hospitality, Others. Out of which, IT & Telecom is projected to grow during the forecast period at the highest CAGR 16.42%. With increase in advancements in technology, there has been increasing risks of data privacy, fraud protection and security. Telecommunication sector is directly or indirectly associated with several essential services such as national security, health, finance, and others. Adoption of identity verification in this sector propels the market. Criminals often use fabricated identities to secure telecom services. Telecom fraud involves identity theft or the use of fabricated identities during onboarding. This has resulted in adoption of identity verification in IT & telecom sector. According to GSMA (Global System for Mobile Communications), since early 2020, the governments in 155 countries need customers to provide proof of identification before registering for and buying a SIM, which also applies to e-SIMs and related products. This has been driving the identity verification market in telecom sector. 

Identity Verification Market Segment Analysis - By Geography 

APAC is expected to hold a large share of Identity Verification market and is expected to grow at a CAGR 15.52%. With the early acceptance of new technology, APAC is becoming technologically equipped. Factors such as initiatives taken by the government to combat identity-related fraud, particularly for strengthening eKYC to verify identities, compliance regulations initiated by countries, rising demand for cloud-based identity verification, and rising identity-related cyber-attacks are driving revenue growth in this region. More Asian companies are incorporating real-time liveness detection capabilities into their eKYC systems to ensure the remote user is physically present and to protect against spoofing attempts. As the digital economy expands, multi-factor biometric identity verification and certified liveness detection technologies will adapt to better serve and solve the changing security needs of consumers and businesses. For Instance: India had a tremendous growth in cybercrime registration, ranking fifth overall in terms of DNS hijacks. According to Gemalto, India accounts for 37% of global breaches in terms of compromised or stolen records. With the rising amount of malware and ransomware attacks in the country, it is clear that identity verification solutions will play a crucial role in driving their adoption.

Identity Verification Market Drivers

Increasing Number of Cyber-Thefts, Money Laundering and Other Malicious Activities:

The Consumer Sentinel Network, maintained by the Federal Trade Commission (FTC) of UK, tracks consumer fraud and identity theft complaints that have been filed with federal, state and local law enforcement agencies and private organizations. Of the 3.2 million identity theft and fraud reports received in 2019, 1.7 million were fraud-related, about 900,000 were other consumer complaints and about 651,000 were identity theft complaints as stated by CST. Due to the exponential increase in such malicious activities, various businesses, financial institutions and other end users across the globe are adopting identity verification solutions, which is one of the major factor driving the market.

Rising Digitalization among Various End User Verticals

Wide–scale penetration of digitalization has brought to light so many identity-related frauds and urged corporations to take stringent steps to protect them. Identity verification has become a critical component due to mandatory verification of individual's identity especially in applications such as border controls and access to digital services. Moreover, enterprises across the world are increasingly spending on the digitization of their businesses, including their payment processes. For Instance: according to a survey by Visa, over 80% of consumers mentioned digital-related benefits as motivating factors to shop. As the digital economy grows, multi-factor biometric identity verification and certified liveness detection technologies are evolving accordingly, to better serve and address the changing security needs of business and consumers.

Identity Verification Market Challenges

Presence of inefficient and costly identity regimes

Online identity authentication is only starting to pick up momentum as a digital service, and there are many versions of the ID concept and how they are checked. The basic idea behind screening identities is relatively clear, but the principle of digital identity authentication has acquired more than one connotation, as online transactions have grown in complexity and volume. Users also find it uncomfortable to include information for screening purposes for various sources and platforms. Basic credentials, such as name, address and official ID number, are often not sufficient to recognise an entity and construct relevant profiles. Therefore, service providers need to behave responsibly to make identity authentication processes more transparent in order to collect relevant data. This is one of the major restraining factors of the identity verification market. In addition, the development and administration costs can be very high for an identity card scheme. For the discarded UK ID card, estimates from £30 ($ 45 in the United States) to £ 90 or even higher were proposed. The identification card is directly paid by each user up to £6 in countries such as Chile; the ID card is free in other countries such as France or Venezuela. This, however does not reveal the true cost of issuing ID cards, as taxpayers in general will bear some extra costs.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in Identity Verification Market. Identity Verification Market is expected to be dominated by Identity Verification top 10 companies such as GBG, Idemia, Experian, Equifax, Transunion, LexisNexis, Thales Group, Acuant, and many more.

Acquisitions/Technology Launches

  • In June 2020, GBG partnered with CredoLab to easily and confidently analyse the creditworthiness of any Indonesian citizen, including the unbanked and underbanked for CredoLab by using GBG’s digital/AI-driven risk management.
  • In March 2020, the government of Singapore is preparing for the transition to a facial recognition program, which will eliminate the need for ID cards by 2022.

Identity Verification Market  - Market Overview
    1.1 Definitions and Scope
2. Identity Verification Market   - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by type 
    2.3 Key trends segmented by Geography
3. Identity Verification Market
    3.1 Comparative Analysis
        3.1.1 Product/Service Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Identity Verification Market – Startup Companies Scenario Premium    
    4.1 Top 10 Startup Company Analysis by 
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Share
        4.1.4 Market S Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Identity Verification Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
    5.4 Customer Analysis – Top 10 Companies
6. Identity Verification Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Identity Verification Market  – By Strategic Analysis  (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
    7.4 Suppliers and Distributors
8. Identity Verification Market – By Solution
    8.1 Digital Identity Verification
    8.2 ID Verification
    8.3 Identity Authentication
    8.4 Document Verification
    8.5 AML Screening and Monitoring
    8.6 Business Verification
    8.7 Others
9. Identity Verification Market - By Type
    9.1 Hardware
    9.2 Software
    9.3 Services
        9.3.1 Professional
        9.3.2 Managed
10. Identity Verification Market -  By Verification Type
    10.1 Knowledge Based Authentication
    10.2 SMS Based Two Factor Authentication
    10.3 Credit Bureau Based Solutions
    10.4 Database Solutions
    10.5 AL/ML Based Authentication
    10.6 Biometrics Authentication
    10.7 Others
11. Identity Verification Market -  By Deployment
    11.1 Cloud
    11.2 On-premises
12. Identity Verification Market -  By Organization size
    12.1 Small & Medium Enterprises
    12.2 Large Enterprises
13. Identity Verification Market -  By End-User
    13.1 BFSI
    13.2 Government & Defence
    13.3 Retail
    13.4 Healthcare
    13.5 IT & Telecom
    13.6 Entertainment & Gaming
    13.7 Transportation & Mobility
    13.8 Energy & Utilities
    13.9 Hospitality
    13.10 Others
14. Identity Verification Market -  By Geography 
    14.1 North America
        14.1.1 U.S.
        14.1.2 Canada
        14.1.3 Mexico
    14.2 South America
        14.2.1 Brazil
        14.2.2 Argentina
        14.2.3 Chile
        14.2.4 Colombia
        14.2.5 Others
    14.3 Europe
        14.3.1 U.K.
        14.3.2 Germany
        14.3.3 France
        14.3.4 Rest of Europe
    14.4 Asia-Pacific (APAC)
        14.4.1 China
        14.4.2 Japan
        14.4.3 South Korea
        14.4.4 Rest of APAC
    14.5  Rest of World (RoW)
        14.5.1 Middle East
        14.5.2 Africa
15. Identity Verification Market  - Market Entropy
     15.1 New Product Launches
    15.2 M&As, Collaborations, JVs and Partnershipsssss
16. Identity Verification Market - Industry/Segment Competition Landscape Premium 
    16.1 Market Share Analysis
        16.1.1 Market Share by Country — Top 5 Companies
        16.1.2 Market Share by Region — Top 10 Companies
        16.1.3 Market Share by Type of Application – Top 10 Companies
        16.1.4 Market Share by Type – Top 10 Companies
        16.1.5 Market Share at Global Level — Top 10 Companies
        16.1.6 Best Practices for Companies
17. Identity Verification Market – Key Company List by Country Premium Premium    
18. Identity Verification Market - Company Analysis
    18.1 Idemia 
    18.2 LexisNexis
    18.3 Thales Group
    18.4 Acuant
    18.5 Onfido 
    18.6 Cognito 
    18.7 Trulioo 
    18.8 Idenfy 
    18.9 Au10Tix 
    18.10 GBG
"*Financials would be provided on a best efforts basis for private companies"
19. Identity Verification Market – Appendix
    19.1 Abbreviations
    19.2 Sources
20. Identity Verification Market – Methodology
    20.1. Research Methodology
        20.1.1  Company Expert Interviews
        20.1.2 Industry Databases
        20.1.3 Associations
        20.1.4 Company News
        20.1.5 Company Annual Reports
        20.1.6 Application Trends
        20.1.7 New Products and Product Database
        20.1.8 Company Transcripts
        20.1.9 R&D Trends
        20.1.10 Key Opinion Leaders Interviews
        20.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Identity Verification Market By Component Market 2019-2024 ($M)
1.1 Solutions Market 2019-2024 ($M) - Global Industry Research
1.1.1 Digital Identity Verification Market 2019-2024 ($M)
1.1.2 Identity Authentication Market 2019-2024 ($M)
1.1.3 ID Verification Market 2019-2024 ($M)
1.2 Services Market 2019-2024 ($M) - Global Industry Research
1.2.1 Professional Services Market 2019-2024 ($M)
1.2.2 Managed Services Market 2019-2024 ($M)
2.Global Identity Verification Market By Deployment Mode Market 2019-2024 ($M)
2.1 Cloud Market 2019-2024 ($M) - Global Industry Research
2.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2019-2024 ($M)
2.2 On-Premises Market 2019-2024 ($M) - Global Industry Research
2.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2019-2024 ($M)
3.Global Identity Verification Market By Organization Size Market 2019-2024 ($M)
3.1 Small and Medium-Sized Enterprises Market 2019-2024 ($M) - Global Industry Research
3.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2019-2024 ($M)
3.2 Large Enterprises Market 2019-2024 ($M) - Global Industry Research
3.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2019-2024 ($M)
4.Global Identity Verification Market By Industry Vertical Market 2019-2024 ($M)
4.1 Banking, Financial Services, and Insurance Market 2019-2024 ($M) - Global Industry Research
4.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2019-2024 ($M)
4.2 Government and Defense Market 2019-2024 ($M) - Global Industry Research
4.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2019-2024 ($M)
4.3 Retail Market 2019-2024 ($M) - Global Industry Research
4.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2019-2024 ($M)
4.4 Healthcare Market 2019-2024 ($M) - Global Industry Research
4.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2019-2024 ($M)
4.5 IT and Telecom Market 2019-2024 ($M) - Global Industry Research
4.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2019-2024 ($M)
4.6 Energy and Utilities Market 2019-2024 ($M) - Global Industry Research
4.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2019-2024 ($M)
5.Global Identity Verification Market By Component Market 2019-2024 (Volume/Units)
5.1 Solutions Market 2019-2024 (Volume/Units) - Global Industry Research
5.1.1 Digital Identity Verification Market 2019-2024 (Volume/Units)
5.1.2 Identity Authentication Market 2019-2024 (Volume/Units)
5.1.3 ID Verification Market 2019-2024 (Volume/Units)
5.2 Services Market 2019-2024 (Volume/Units) - Global Industry Research
5.2.1 Professional Services Market 2019-2024 (Volume/Units)
5.2.2 Managed Services Market 2019-2024 (Volume/Units)
6.Global Identity Verification Market By Deployment Mode Market 2019-2024 (Volume/Units)
6.1 Cloud Market 2019-2024 (Volume/Units) - Global Industry Research
6.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2019-2024 (Volume/Units)
6.2 On-Premises Market 2019-2024 (Volume/Units) - Global Industry Research
6.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2019-2024 (Volume/Units)
7.Global Identity Verification Market By Organization Size Market 2019-2024 (Volume/Units)
7.1 Small and Medium-Sized Enterprises Market 2019-2024 (Volume/Units) - Global Industry Research
7.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2019-2024 (Volume/Units)
7.2 Large Enterprises Market 2019-2024 (Volume/Units) - Global Industry Research
7.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2019-2024 (Volume/Units)
8.Global Identity Verification Market By Industry Vertical Market 2019-2024 (Volume/Units)
8.1 Banking, Financial Services, and Insurance Market 2019-2024 (Volume/Units) - Global Industry Research
8.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2019-2024 (Volume/Units)
8.2 Government and Defense Market 2019-2024 (Volume/Units) - Global Industry Research
8.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2019-2024 (Volume/Units)
8.3 Retail Market 2019-2024 (Volume/Units) - Global Industry Research
8.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2019-2024 (Volume/Units)
8.4 Healthcare Market 2019-2024 (Volume/Units) - Global Industry Research
8.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2019-2024 (Volume/Units)
8.5 IT and Telecom Market 2019-2024 (Volume/Units) - Global Industry Research
8.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2019-2024 (Volume/Units)
8.6 Energy and Utilities Market 2019-2024 (Volume/Units) - Global Industry Research
8.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2019-2024 (Volume/Units)
9.North America Identity Verification Market By Component Market 2019-2024 ($M)
9.1 Solutions Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Digital Identity Verification Market 2019-2024 ($M)
9.1.2 Identity Authentication Market 2019-2024 ($M)
9.1.3 ID Verification Market 2019-2024 ($M)
9.2 Services Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Professional Services Market 2019-2024 ($M)
9.2.2 Managed Services Market 2019-2024 ($M)
10.North America Identity Verification Market By Deployment Mode Market 2019-2024 ($M)
10.1 Cloud Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2019-2024 ($M)
10.2 On-Premises Market 2019-2024 ($M) - Regional Industry Research
10.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2019-2024 ($M)
11.North America Identity Verification Market By Organization Size Market 2019-2024 ($M)
11.1 Small and Medium-Sized Enterprises Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2019-2024 ($M)
11.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2019-2024 ($M)
12.North America Identity Verification Market By Industry Vertical Market 2019-2024 ($M)
12.1 Banking, Financial Services, and Insurance Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2019-2024 ($M)
12.2 Government and Defense Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2019-2024 ($M)
12.3 Retail Market 2019-2024 ($M) - Regional Industry Research
12.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2019-2024 ($M)
12.4 Healthcare Market 2019-2024 ($M) - Regional Industry Research
12.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2019-2024 ($M)
12.5 IT and Telecom Market 2019-2024 ($M) - Regional Industry Research
12.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2019-2024 ($M)
12.6 Energy and Utilities Market 2019-2024 ($M) - Regional Industry Research
12.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2019-2024 ($M)
13.South America Identity Verification Market By Component Market 2019-2024 ($M)
13.1 Solutions Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Digital Identity Verification Market 2019-2024 ($M)
13.1.2 Identity Authentication Market 2019-2024 ($M)
13.1.3 ID Verification Market 2019-2024 ($M)
13.2 Services Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Professional Services Market 2019-2024 ($M)
13.2.2 Managed Services Market 2019-2024 ($M)
14.South America Identity Verification Market By Deployment Mode Market 2019-2024 ($M)
14.1 Cloud Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2019-2024 ($M)
14.2 On-Premises Market 2019-2024 ($M) - Regional Industry Research
14.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2019-2024 ($M)
15.South America Identity Verification Market By Organization Size Market 2019-2024 ($M)
15.1 Small and Medium-Sized Enterprises Market 2019-2024 ($M) - Regional Industry Research
15.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2019-2024 ($M)
15.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
15.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2019-2024 ($M)
16.South America Identity Verification Market By Industry Vertical Market 2019-2024 ($M)
16.1 Banking, Financial Services, and Insurance Market 2019-2024 ($M) - Regional Industry Research
16.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2019-2024 ($M)
16.2 Government and Defense Market 2019-2024 ($M) - Regional Industry Research
16.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2019-2024 ($M)
16.3 Retail Market 2019-2024 ($M) - Regional Industry Research
16.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2019-2024 ($M)
16.4 Healthcare Market 2019-2024 ($M) - Regional Industry Research
16.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2019-2024 ($M)
16.5 IT and Telecom Market 2019-2024 ($M) - Regional Industry Research
16.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2019-2024 ($M)
16.6 Energy and Utilities Market 2019-2024 ($M) - Regional Industry Research
16.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2019-2024 ($M)
17.Europe Identity Verification Market By Component Market 2019-2024 ($M)
17.1 Solutions Market 2019-2024 ($M) - Regional Industry Research
17.1.1 Digital Identity Verification Market 2019-2024 ($M)
17.1.2 Identity Authentication Market 2019-2024 ($M)
17.1.3 ID Verification Market 2019-2024 ($M)
17.2 Services Market 2019-2024 ($M) - Regional Industry Research
17.2.1 Professional Services Market 2019-2024 ($M)
17.2.2 Managed Services Market 2019-2024 ($M)
18.Europe Identity Verification Market By Deployment Mode Market 2019-2024 ($M)
18.1 Cloud Market 2019-2024 ($M) - Regional Industry Research
18.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2019-2024 ($M)
18.2 On-Premises Market 2019-2024 ($M) - Regional Industry Research
18.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2019-2024 ($M)
19.Europe Identity Verification Market By Organization Size Market 2019-2024 ($M)
19.1 Small and Medium-Sized Enterprises Market 2019-2024 ($M) - Regional Industry Research
19.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2019-2024 ($M)
19.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
19.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2019-2024 ($M)
20.Europe Identity Verification Market By Industry Vertical Market 2019-2024 ($M)
20.1 Banking, Financial Services, and Insurance Market 2019-2024 ($M) - Regional Industry Research
20.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2019-2024 ($M)
20.2 Government and Defense Market 2019-2024 ($M) - Regional Industry Research
20.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2019-2024 ($M)
20.3 Retail Market 2019-2024 ($M) - Regional Industry Research
20.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2019-2024 ($M)
20.4 Healthcare Market 2019-2024 ($M) - Regional Industry Research
20.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2019-2024 ($M)
20.5 IT and Telecom Market 2019-2024 ($M) - Regional Industry Research
20.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2019-2024 ($M)
20.6 Energy and Utilities Market 2019-2024 ($M) - Regional Industry Research
20.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2019-2024 ($M)
21.APAC Identity Verification Market By Component Market 2019-2024 ($M)
21.1 Solutions Market 2019-2024 ($M) - Regional Industry Research
21.1.1 Digital Identity Verification Market 2019-2024 ($M)
21.1.2 Identity Authentication Market 2019-2024 ($M)
21.1.3 ID Verification Market 2019-2024 ($M)
21.2 Services Market 2019-2024 ($M) - Regional Industry Research
21.2.1 Professional Services Market 2019-2024 ($M)
21.2.2 Managed Services Market 2019-2024 ($M)
22.APAC Identity Verification Market By Deployment Mode Market 2019-2024 ($M)
22.1 Cloud Market 2019-2024 ($M) - Regional Industry Research
22.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2019-2024 ($M)
22.2 On-Premises Market 2019-2024 ($M) - Regional Industry Research
22.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2019-2024 ($M)
23.APAC Identity Verification Market By Organization Size Market 2019-2024 ($M)
23.1 Small and Medium-Sized Enterprises Market 2019-2024 ($M) - Regional Industry Research
23.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2019-2024 ($M)
23.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
23.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2019-2024 ($M)
24.APAC Identity Verification Market By Industry Vertical Market 2019-2024 ($M)
24.1 Banking, Financial Services, and Insurance Market 2019-2024 ($M) - Regional Industry Research
24.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2019-2024 ($M)
24.2 Government and Defense Market 2019-2024 ($M) - Regional Industry Research
24.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2019-2024 ($M)
24.3 Retail Market 2019-2024 ($M) - Regional Industry Research
24.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2019-2024 ($M)
24.4 Healthcare Market 2019-2024 ($M) - Regional Industry Research
24.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2019-2024 ($M)
24.5 IT and Telecom Market 2019-2024 ($M) - Regional Industry Research
24.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2019-2024 ($M)
24.6 Energy and Utilities Market 2019-2024 ($M) - Regional Industry Research
24.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2019-2024 ($M)
25.MENA Identity Verification Market By Component Market 2019-2024 ($M)
25.1 Solutions Market 2019-2024 ($M) - Regional Industry Research
25.1.1 Digital Identity Verification Market 2019-2024 ($M)
25.1.2 Identity Authentication Market 2019-2024 ($M)
25.1.3 ID Verification Market 2019-2024 ($M)
25.2 Services Market 2019-2024 ($M) - Regional Industry Research
25.2.1 Professional Services Market 2019-2024 ($M)
25.2.2 Managed Services Market 2019-2024 ($M)
26.MENA Identity Verification Market By Deployment Mode Market 2019-2024 ($M)
26.1 Cloud Market 2019-2024 ($M) - Regional Industry Research
26.1.1 Low Cost of Installation, Upgrade, and Maintenance to Increase the Adoption of Cloud-Based Identity Verification Solutions Market 2019-2024 ($M)
26.2 On-Premises Market 2019-2024 ($M) - Regional Industry Research
26.2.1 Need to Maintain Strict Confidentiality of Identity Records in Government and Defense, and Banking Verticals to Fuel the Demand for On-Premises Identity Verification Solutions Market 2019-2024 ($M)
27.MENA Identity Verification Market By Organization Size Market 2019-2024 ($M)
27.1 Small and Medium-Sized Enterprises Market 2019-2024 ($M) - Regional Industry Research
27.1.1 Increasing Identity-Based Attacks on Small and Medium-Sized Enterprises to Contribute to the Greater Adoption of Identity Verification Solutions Market 2019-2024 ($M)
27.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
27.2.1 Need for Meeting KYC and AML Compliance to Propel the Adoption of Identity Verification Solutions Market 2019-2024 ($M)
28.MENA Identity Verification Market By Industry Vertical Market 2019-2024 ($M)
28.1 Banking, Financial Services, and Insurance Market 2019-2024 ($M) - Regional Industry Research
28.1.1 Growing Digital Identity Thefts Encourage BFSI Organizations to Deploy Identity Verification Solutions Market 2019-2024 ($M)
28.2 Government and Defense Market 2019-2024 ($M) - Regional Industry Research
28.2.1 Increase in Bribery, Corruption, and Data Theft to Drive the Adoption of Identity Verification Solutions in Government Institutions Market 2019-2024 ($M)
28.3 Retail Market 2019-2024 ($M) - Regional Industry Research
28.3.1 Constant Risk to the Huge Amount of Confidential Customer Data and Consumer Identity in the Retail Industry Vertical to Drive the Demand for Identity Verification Solutions Market 2019-2024 ($M)
28.4 Healthcare Market 2019-2024 ($M) - Regional Industry Research
28.4.1 Increasing Number of Patient Identity Thefts to Boost the Demand for Identity Verification Solutions in the Healthcare Industry Vertical Market 2019-2024 ($M)
28.5 IT and Telecom Market 2019-2024 ($M) - Regional Industry Research
28.5.1 IT and Telecom Companies Deploy Identity Verification Solutions to Address the Challenges Related to the Security and Privacy of Digital Identities Market 2019-2024 ($M)
28.6 Energy and Utilities Market 2019-2024 ($M) - Regional Industry Research
28.6.1 Identity Verification Solutions to Enhance Operational Efficiency and Mitigate Potential Identity-Based Threats in Energy and Utilities Industry Vertical Market 2019-2024 ($M)

LIST OF FIGURES

1.US Identity Verification Market Revenue, 2019-2024 ($M)
2.Canada Identity Verification Market Revenue, 2019-2024 ($M)
3.Mexico Identity Verification Market Revenue, 2019-2024 ($M)
4.Brazil Identity Verification Market Revenue, 2019-2024 ($M)
5.Argentina Identity Verification Market Revenue, 2019-2024 ($M)
6.Peru Identity Verification Market Revenue, 2019-2024 ($M)
7.Colombia Identity Verification Market Revenue, 2019-2024 ($M)
8.Chile Identity Verification Market Revenue, 2019-2024 ($M)
9.Rest of South America Identity Verification Market Revenue, 2019-2024 ($M)
10.UK Identity Verification Market Revenue, 2019-2024 ($M)
11.Germany Identity Verification Market Revenue, 2019-2024 ($M)
12.France Identity Verification Market Revenue, 2019-2024 ($M)
13.Italy Identity Verification Market Revenue, 2019-2024 ($M)
14.Spain Identity Verification Market Revenue, 2019-2024 ($M)
15.Rest of Europe Identity Verification Market Revenue, 2019-2024 ($M)
16.China Identity Verification Market Revenue, 2019-2024 ($M)
17.India Identity Verification Market Revenue, 2019-2024 ($M)
18.Japan Identity Verification Market Revenue, 2019-2024 ($M)
19.South Korea Identity Verification Market Revenue, 2019-2024 ($M)
20.South Africa Identity Verification Market Revenue, 2019-2024 ($M)
21.North America Identity Verification By Application
22.South America Identity Verification By Application
23.Europe Identity Verification By Application
24.APAC Identity Verification By Application
25.MENA Identity Verification By Application
26.Experian, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.LexisNexis Risk Solutions, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Equifax, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Mitek Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Gemalto, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Onfido, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Trulioo, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Acuant, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.IDEMIA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Jumio, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Authenteq, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Shufti Pro, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.IDMERIT, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.TransUnion, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.iDenfy, Sales /Revenue, 2015-2018 ($Mn/$Bn)