Dublin, Dec. 03, 2021 (GLOBE NEWSWIRE) -- The "Global Identity Verification Market Outlook 2030" report has been added to ResearchAndMarkets.com's offering.
The market is estimated to garner a revenue of around USD 33190 Million by the end of 2030, up from a revenue of over USD 7630 Million in the year 2020. The global identity verification market is anticipated to grow with a CAGR of 16.32% over the forecast period, i.e., 2021 - 2030.
Factors such as the surge in the number of fraudulent activities worldwide, along with the rising adoption of identity verification systems in banks and other financial institutions, are anticipated to drive the growth of the market in the coming years.
By verification type, the market is segmented into knowledge-based authentication, SMS-based two factor authentication, IC chip-based authentication, database solutions, AL/ML-based authentication, biometric authentication, and others.
Amongst these, by the end of 2030, the biometric authentication segment is anticipated to garner the largest revenue of more than USD 11700 Million, up from a revenue of near to USD 2630 Million in the year 2020.
On the basis of geographical analysis, the global identity verification market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Amongst these, by the end of 2030, the market in North America region is anticipated to register the largest revenue of about USD 12660 Million. Additionally, the market in the region generated a revenue of close to USD 2850 Million in the year 2020.
Some of the prominent industry leaders included in the report are
- Experian plc
- Mastercard International Incorporated
- Equifax Inc.
- Mitek Systems Inc.
- LexisNexis Risk Solutions Group
- Acuant Inc.
- Onfido
- Liquid Inc.
- Intellicheck Inc.
- IDEMIA
Key Topics Covered:
1. Market Definition
1.1. Definition
1.2. Market Segmentation
2. Assumptions and Acronyms
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
4. Executive Summary - Global Identity Verification Market
5. Market Dynamics
5.1. Market Drivers
5.2. Market Trends
6. Key Market Opportunities
7. Major Roadblocks for the Market Growth
8. Regulatory and Standards Landscape
9. Industry Risk Analysis
10. Impact of COVID-19 on the Identity Verification Market
11. Assessment on the Demand of Identity Verification
12. Competitive Landscape
12.1. Market Share Analysis, 2020
12.2. Competitive Benchmarking
12.3. Company Profiles
13. Product Feature Analysis
14. Competitive Positioning
15. Global Identity Verification Market 2020-2030
15.1. Market Overview
15.2. By Value (USD Million)
16. Global Identity Verification Market - Segmentation Analysis 2020-2030
16.1. Component Type
16.1.1. Solutions, 2020-2030F (USD Million)
16.1.1.1. Document Verification, 2020-2030F (USD Million)
16.1.1.2. Identity Authentication, 2020-2030F (USD Million)
16.1.1.3. Digital Identity Verification, 2020-2030F (USD Million)
16.1.1.4. AML Screening and Monitoring, 2020-2030F (USD Million)
16.1.1.5. Business Verification, 2020-2030F (USD Million)
16.1.1.6. Others, 2020-2030F (USD Million)
16.1.2. Services, 2020-2030F (USD Million)
16.1.2.1. Professional Services, 2020-2030F (USD Million)
16.1.2.2. Managed Services, 2020-2030F (USD Million)
16.2. Verification Type
16.2.1. Knowledge-Based Authentication, 2020-2030F (USD Million)
16.2.2. SMS-Based Two Factor Authentication, 2020-2030F (USD Million)
16.2.3. IC Chip-Based Authentication, 2020-2030F (USD Million)
16.2.4. Database Solutions, 2020-2030F (USD Million)
16.2.5. AL/ML-Based Authentication, 2020-2030F (USD Million)
16.2.6. Biometric Authentication, 2020-2030F (USD Million)
16.2.7. Others, 2020-2030F (USD Million)
16.3. Deployment Type
16.3.1. Cloud, 2020-2030F (USD Million)
16.3.2. On-Premise, 2020-2030F (USD Million)
16.4. Organization Size Type
16.4.1. Small & Medium Enterprises, 2020-2030F (USD Million)
16.4.2. Large Enterprises, 2020-2030F (USD Million)
16.5. End-User Industry Type
16.5.1. BFSI, 2020-2030F (USD Million)
16.5.2. Government & Defense, 2020-2030F (USD Million)
16.5.3. Retail, 2020-2030F (USD Million)
16.5.4. Healthcare, 2020-2030F (USD Million)
16.5.5. IT & Telecom, 2020-2030F (USD Million)
16.5.6. Entertaining & Gaming, 2020-2030F (USD Million)
16.5.7. Transportation, Logistics, & Mobility, 2020-2030F (USD Million)
16.5.8. Energy & Utility, 2020-2030F (USD Million)
16.5.9. Hospitality, 2020-2030F (USD Million)
16.5.10. Others, 2020-2030F (USD Million)
16.6. Region
For more information about this report visit https://www.researchandmarkets.com/r/yt99zc
