Identity Verification Market Trends Report, Size, Share & Growth Forecast 2030
[Research Report] The identity verification market size was valued at US$ 9.16 billion in 2022 to US$ 31.95 billion by 2030; it is estimated to record a CAGR of 16.9% from 2022 to 2030.
Analyst Perspective:
The global identity verification market size is majorly driven by the growing number of cyberattacks, rising adoption of security solutions, and surging demand for secure transactions in the BFSI sector, among others. Key trends witnessed in the identity verification market are the integration of AI and other advanced technologies for the monitoring of alerts and pattern-based data. With the rapidly changing nature of businesses, there is a rise in the requirement for new developments in technology and services. Also, the rapid digitalization among small and medium-sized enterprises (SMEs) is likely to provide substantial opportunities for identity verification market players in the coming years.
Identity Verification Market Overview:
Identity verification solution is software that helps governments and businesses to identify or validate individual identities. They get affirmation about the user identity to gain trust if an online or offline individual is genuine or not. There are several types of identity verification, which include a biometric scanner, one-time password, iris scanner, and knowledge-based verification, among others. The sales of identity verification solutions depend on numerous economic and noneconomic factors. The BFSI and government sectors are expected to have significant impact on the growth of the identity verification market as these sectors deals with crucial and sensitive information about people. Also, the healthcare industry is increasingly adopting digitalization, thereby providing advanced services to its customers.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Identity Verification Market: Strategic Insights
Market Size Value in US$ 9.16 billion in 2022 Market Size Value by US$ 31.95 billion by 2030 Growth rate CAGR of 16.9% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Identity Verification Market: Strategic Insights
| Market Size Value in | US$ 9.16 billion in 2022 |
| Market Size Value by | US$ 31.95 billion by 2030 |
| Growth rate | CAGR of 16.9% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Identity Verification Market Driver:
Rise in Demand from BFSI Sector Drives Identity Verification Market Growth
Over the years, financial regulators have intensified their focus on monitoring fraud activities, which also includes a rise in the adoption of suitable security solutions by financial institutes. Furthermore, the regulators expects from the firms to be capable of functioning the system appropriately and efficiently. This demand for sophisticated transaction monitoring systems would be predominantly driven by legislation like New York State's Department of Financial Services (NYSDFS) part 504 focused to prevent money-laundering activities from occurring within the state of New York. Thus, to secure processes in the BFSI sector, there is an increase in the use of identity verification solutions. For example, in July 2020, Wibmo Inc. launched Wibmo Video-KYC, a video-based KYC solution, to enable banks and financial service providers to reach their customers digitally. In addition, in May 2023, Mastercard launched the "Open Banking for Account Opening" solution to take new customers on board. This solution uses Mastercard package customer identity verification with identity insights in a single API for flexible and easy onboarding of customers and protection against fraud.
The importance of secure transaction platforms has gained traction over the years, which enables financial institutions to configure a range of monitoring scenarios, perform efficient data analysis, and filter out actual suspicious activities from other false positives. Real-time identity verification with video-based KYC is one of the best solutions provided by the identity verification system to avoid and detect threats if they occur. BFSI is a crucial sector that deals with customer money and trust. The need to secure it is necessary due to potential cybersecurity threats, which is leading to the adoption of identity verification solutions. According to Regula, ~44% of respondents in a survey and 80% of organizations in the Finance and Technology fields validated that they deal with more verification cases concerning foreign documents. Thus, the broad adoption of identity verification solutions in the BFSI sector fosters the identity verification market growth.
Identity Verification Market Report Segmentation and Scope:
The identity verification market is segmented based on component, deployment, organization size, type, industry vertical, and geography. Based on component, identity verification market is bifurcated into solution and services. Based on deployment, identity verification market is divided into cloud and on-premise. Based on organization size, identity verification market is segmented into large enterprises and SMEs. Based on type, identity verification market is categorized into biometric verification. online verification, knowledge-based authentication, and others. Based on industry vertical, identity verification market is segmented into BFSI, government and defense, healthcare, IT and telecom, retail, and others. Regionally, the identity verification market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Russia, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa and the Rest of Middle East & Africa) and South America (Brazil, Argentina, and the Rest of SAM).
Identity Verification Market Segmental Analysis:
Based on component, the identity verification market is segmented into solution and services. The software segment held the largest share in the identity verification market in 2022. Identity verification solutions permit businesses to enhance customer conversions by offering an efficient customer experience and reducing fraud. Identity verification solutions are integrated with advanced technologies such as biometrics, machine learning, and artificial intelligence. They also help customers meet regulatory compliance. Digital identity verification, identity authentication, and ID verification are the majorly used identity verification solutions. The growing cybercrimes globally forced the market players to adopt digital identity verification solutions to catch fake IDs, reduce risk and minimize fraud in online transactions. The identity authentication solutions verifies the users' identity to implement secure identification and payment applications. Similarly, ID verification solutions are used to verify the user identity by data scanning, face detection, and many more to decrease fraudulent activities and permit the business to operate smoothly and more profitably.
Identity Verification Market Regional Analysis:
In 2022, North America held the largest global identity verification market share. North America is one of the fastest-growing regions in terms of both technological innovations and the adoption of advanced technologies. The region also has a well-established IT and cloud infrastructure. In the past three years, the region has witnessed significant adoption of emerging technologies such as artificial intelligence and blockchain across all the major industry verticals. With the increasing penetration of digitization in various industries, identity verification has become a vital component of business transaction ecosystems, especially in financial institutions and online retail. The demand for identity verification solutions in companies is increasing rapidly as these solutions allow companies to comply with various rules and regulations. A few of these regulations include anti-money laundering (AML), know your customer (KYC), and digital fraud prevention. The North America identity verification market growth is primarily driven by rising demand from industrial sectors such as BFSI, government, defense, and healthcare, where correct identification of users and customers is a crucial business requirement for successful operations. In 2018, North America contributed the largest market share in terms of overall revenue of the global identity verification market, and it is estimated to continue its dominance during the forecast period.
Various identity verification players are present in North America such as Acuant Inc. and Trulioo. The US-based company, Acuant Inc., offers an identity verification solution—AssureID—for document & identity authentication. This solution is used across various industry verticals to authenticate user information. Similarly, a Canada-based company, Trulioo, offers identity verification solutions for various purposes, including identity authentication, know your customer (KYC) and anti-money laundering (AML) compliance, fraud prevention, and auditing. In addition, many start-ups have been entering the marketplace with their innovative identity verification solutions that are integrated with artificial intelligence and other advanced technologies. All the above mentioned factors are anticipated to boost the adoption of identity verification solutions in North America from 2022 to 2030.
Identity Verification Market Key Player Analysis:
Trulioo; Onfido; Mitek Systems, Inc; IDology; Authenteq; Experian Plc; Thales SA; IDEMIA; Jumio Corporation; and LexisNexis Risk Solutions Group are among the key companies operating in the identity verification market.
Identity Verification Market Report Scope
Identity Verification Market Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the Identity Verification Market. A few recent key Identity Verification Market developments are listed below:
- In September 2023, UK-based Know Your Customer (KYC) marketplace company Magic partnered with automated identity verification provider Onfido. The primary goal of the joint venture is to offer both document and biometric verification services for KYC processes and, consequently, help mitigate fraud.
- In March 2023, Mitek, a global leader in digital identity verification, joined the Open Identity Exchange (OIX), a global community for all ID sector stakeholders to connect and collaborate, developing the guidance needed for interoperable, trusted digital identities.
- In January 2023, Trulioo launched an industry-defining global identity platform for person and business verification. The Trulioo platform showcases the company's expertise and innovation in helping businesses worldwide build trusted user experiences while achieving regulatory compliance and optimizing growth.
- In August 2023, Canada-based Trulioo has added new capabilities to its Workflow Studio platform for faster identity verification, while new deals for Shufti Pro and iDenfy and a product launch from Vouched demonstrate the broad applicability of selfie biometrics.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment, Enterprise Size, Type, and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Increasing identity threats, increasing demand from BFSI sector, and increasing BYOD trend are the driving factors impacting the identity verification market.
Asia Pacific is anticipated to grow with the highest CAGR over the forecast period.
The North America held the largest market share in 2022, followed by Europe and Asia Pacific.
The key players, holding majority shares, in identity verification market includes Thales, Equifax Inc, IDEMIA, LexisNexis Risk Solutions and Experian Information Solutions, Inc. among others.
Integration of AI and other advanced technologies is the future trend of the identity verification market.
The identity verification market was valued at US$ 9168.26 million in 2022 and is projected to reach US$ 31950.77 million by 2030; it is expected to grow at a CAGR of 16.9% during 2022–2030.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Identity Verification Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain
5. Identity Verification Market - Key Industry Dynamics
5.1 Identity Verification Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increase in Cases of Identity Fraud
5.2.2 Rise in Demand from BFSI Sector
5.2.3 Increase in Adoption of Bring Your Own Device (BYOD) Concept
5.3 Market Restraints
5.3.1 Data Privacy and Security Concerns
5.4 Market Opportunities
5.4.1 Rising Need for Digitization in Small and Medium Enterprises
5.4.2 Increasing Regulatory Initiatives and Investments by Governments
5.5 Future Trends
5.5.1 Integration of Artificial Intelligence and Other Advanced Technologies
5.6 Impact of Drivers and Restraints:
6. Identity Verification Market - Global Market Analysis
6.1 Identity Verification Market Revenue (US$ Million), 2022 – 2030
6.2 Identity Verification Market Forecast and Analysis
7. Identity Verification Market Analysis - Component
7.1 Solution
7.1.1 Overview
7.1.2 Solution Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services Market, Revenue and Forecast to 2030 (US$ Million)
8. Identity Verification Market Analysis – Deployment
8.1 Cloud
8.1.1 Overview
8.1.2 Cloud Market, Revenue and Forecast to 2030 (US$ Million)
8.2 On-Premise
8.2.1 Overview
8.2.2 On-Premise Market, Revenue and Forecast to 2030 (US$ Million)
9. Identity Verification Market Analysis - Organization Size
9.1 Large Enterprises
9.1.1 Overview
9.1.2 Large Enterprises Market, Revenue and Forecast to 2030 (US$ Million)
9.2 SMEs
9.2.1 Overview
9.2.2 SMEs Market, Revenue and Forecast to 2030 (US$ Million)
10. Identity Verification Market Analysis - Type
10.1 Biometric Verification
10.1.1 Overview
10.1.2 Biometric Verification Market, Revenue and Forecast to 2030 (US$ Million)
10.2 Online Verification
10.2.1 Overview
10.2.2 Online Verification Market, Revenue and Forecast to 2030 (US$ Million)
10.3 Knowledge Based Authentication
10.3.1 Overview
10.3.2 Knowledge Based Authentication Market, Revenue and Forecast to 2030 (US$ Million)
10.4 Others
10.4.1 Overview
10.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
11. Identity Verification Market Analysis - Industry Vertical
11.1 BFSI
11.1.1 Overview
11.1.2 BFSI Market, Revenue and Forecast to 2030 (US$ Million)
11.2 Government and Defense
11.2.1 Overview
11.2.2 Government and Defense Market, Revenue and Forecast to 2030 (US$ Million)
11.3 Healthcare
11.3.1 Overview
11.3.2 Healthcare Market, Revenue and Forecast to 2030 (US$ Million)
11.4 IT and Telecom
11.4.1 Overview
11.4.2 IT and Telecom Market, Revenue and Forecast to 2030 (US$ Million)
11.5 Retail
11.5.1 Overview
11.5.2 Retail Market, Revenue and Forecast to 2030 (US$ Million)
11.6 Others
11.6.1 Overview
11.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
12. Identity Verification Market - Geographical Analysis
12.1 Overview
12.2 North America: Identity Verification Market
12.2.1 North America: Revenue, and Forecast to 2030 (US$ Million)
12.2.2 North America: Identity Verification Market, by Component
12.2.3 North America: Identity Verification Market, by Deployment
12.2.4 North America: Identity Verification Market, by Organization Size
12.2.5 North America: Identity Verification Market, by Type
12.2.6 North America: Identity Verification Market, by Industry Vertical
12.2.7 North America: Identity Verification Market, by Key Country
12.2.7.1 US: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.2.7.1.1 US DNS Security Software Market Breakdown by Component
12.2.7.1.2 US: Identity Verification Market, by Deployment
12.2.7.1.3 US: Identity Verification Market, by Organization Size
12.2.7.1.4 US: Identity Verification Market, by Type
12.2.7.1.5 US: Identity Verification Market, by Industry Vertical
12.2.7.2 Canada: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.2.7.2.1 Canada DNS Security Software Market Breakdown by Component
12.2.7.2.2 Canada: Identity Verification Market, by Deployment
12.2.7.2.3 Canada: Identity Verification Market, by Organization Size
12.2.7.2.4 Canada: Identity Verification Market, by Type
12.2.7.2.5 Canada: Identity Verification Market, by Industry Vertical
12.2.7.3 Mexico: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.2.7.3.1 Mexico DNS Security Software Market Breakdown by Component
12.2.7.3.2 Mexico: Identity Verification Market, by Deployment
12.2.7.3.3 Mexico: Identity Verification Market, by Organization Size
12.2.7.3.4 Mexico: Identity Verification Market, by Type
12.2.7.3.5 Mexico: Identity Verification Market, by Industry Vertical
12.3 Europe: Identity Verification Market
12.3.1 Europe: Revenue, and Forecast to 2030 (US$ Million)
12.3.2 Europe: Identity Verification Market, by Component
12.3.3 Europe: Identity Verification Market, by Deployment
12.3.4 Europe: Identity Verification Market, by Organization Size
12.3.5 Europe: Identity Verification Market, by Type
12.3.6 Europe: Identity Verification Market, by Industry Vertical
12.3.7 Europe: Identity Verification Market, by Key Country
12.3.7.1 UK: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.3.7.1.1 UK DNS Security Software Market Breakdown by Component
12.3.7.1.2 UK: Identity Verification Market, by Deployment
12.3.7.1.3 UK: Identity Verification Market, by Organization Size
12.3.7.1.4 UK: Identity Verification Market, by Type
12.3.7.1.5 UK: Identity Verification Market, by Industry Vertical
12.3.7.2 Germany: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.3.7.2.1 Germany DNS Security Software Market Breakdown by Component
12.3.7.2.2 Germany: Identity Verification Market, by Deployment
12.3.7.2.3 Germany: Identity Verification Market, by Organization Size
12.3.7.2.4 Germany: Identity Verification Market, by Type
12.3.7.2.5 Germany: Identity Verification Market, by Industry Vertical
12.3.7.3 France: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.3.7.3.1 France DNS Security Software Market Breakdown by Component
12.3.7.3.2 France: Identity Verification Market, by Deployment
12.3.7.3.3 France: Identity Verification Market, by Organization Size
12.3.7.3.4 France: Identity Verification Market, by Type
12.3.7.3.5 France: Identity Verification Market, by Industry Vertical
12.3.7.4 Italy: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.3.7.4.1 Italy DNS Security Software Market Breakdown by Component
12.3.7.4.2 Italy: Identity Verification Market, by Deployment
12.3.7.4.3 Italy: Identity Verification Market, by Organization Size
12.3.7.4.4 Italy: Identity Verification Market, by Type
12.3.7.4.5 Italy: Identity Verification Market, by Industry Vertical
12.3.7.5 Russia: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.3.7.5.1 Russia DNS Security Software Market Breakdown by Component
12.3.7.5.2 Russia: Identity Verification Market, by Deployment
12.3.7.5.3 Russia: Identity Verification Market, by Organization Size
12.3.7.5.4 Russia: Identity Verification Market, by Type
12.3.7.5.5 Russia: Identity Verification Market, by Industry Vertical
12.3.7.6 Rest of Europe: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.3.7.6.1 Rest of Europe DNS Security Software Market Breakdown by Component
12.3.7.6.2 Rest of Europe: Identity Verification Market, by Deployment
12.3.7.6.3 Rest of Europe: Identity Verification Market, by Organization Size
12.3.7.6.4 Rest of Europe: Identity Verification Market, by Type
12.3.7.6.5 Rest of Europe: Identity Verification Market, by Industry Vertical
12.4 Asia Pacific: Identity Verification Market
12.4.1 Asia Pacific: Revenue, and Forecast to 2030 (US$ Million)
12.4.2 Asia Pacific: Identity Verification Market, by Component
12.4.3 Asia Pacific: Identity Verification Market, by Deployment
12.4.4 Asia Pacific: Identity Verification Market, by Organization Size
12.4.5 Asia Pacific: Identity Verification Market, by Type
12.4.6 Asia Pacific: Identity Verification Market, by Industry Vertical
12.4.7 Asia Pacific: Identity Verification Market, by Key Country
12.4.7.1 China: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.4.7.1.1 China DNS Security Software Market Breakdown by Component
12.4.7.1.2 China: Identity Verification Market, by Deployment
12.4.7.1.3 China: Identity Verification Market, by Organization Size
12.4.7.1.4 China: Identity Verification Market, by Type
12.4.7.1.5 China: Identity Verification Market, by Industry Vertical
12.4.7.2 Japan: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.4.7.2.1 Japan DNS Security Software Market Breakdown by Component
12.4.7.2.2 Japan: Identity Verification Market, by Deployment
12.4.7.2.3 Japan: Identity Verification Market, by Organization Size
12.4.7.2.4 Japan: Identity Verification Market, by Type
12.4.7.2.5 Japan: Identity Verification Market, by Industry Vertical
12.4.7.3 South Korea: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.4.7.3.1 South Korea DNS Security Software Market Breakdown by Component
12.4.7.3.2 South Korea: Identity Verification Market, by Deployment
12.4.7.3.3 South Korea: Identity Verification Market, by Organization Size
12.4.7.3.4 South Korea: Identity Verification Market, by Type
12.4.7.3.5 South Korea: Identity Verification Market, by Industry Vertical
12.4.7.4 India: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.4.7.4.1 India DNS Security Software Market Breakdown by Component
12.4.7.4.2 India: Identity Verification Market, by Deployment
12.4.7.4.3 India: Identity Verification Market, by Organization Size
12.4.7.4.4 India: Identity Verification Market, by Type
12.4.7.4.5 India: Identity Verification Market, by Industry Vertical
12.4.7.5 Australia: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.4.7.5.1 Australia DNS Security Software Market Breakdown by Component
12.4.7.5.2 Australia: Identity Verification Market, by Deployment
12.4.7.5.3 Australia: Identity Verification Market, by Organization Size
12.4.7.5.4 Australia: Identity Verification Market, by Type
12.4.7.5.5 Australia: Identity Verification Market, by Industry Vertical
12.4.7.6 Rest of Asia Pacific: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.4.7.6.1 Rest of Asia Pacific DNS Security Software Market Breakdown by Component
12.4.7.6.2 Rest of Asia Pacific: Identity Verification Market, by Deployment
12.4.7.6.3 Rest of Asia Pacific: Identity Verification Market, by Organization Size
12.4.7.6.4 Rest of Asia Pacific: Identity Verification Market, by Type
12.4.7.6.5 Rest of Asia Pacific: Identity Verification Market, by Industry Vertical
12.5 MEA: Identity Verification Market
12.5.1 MEA: Revenue, and Forecast to 2030 (US$ Million)
12.5.2 MEA: Identity Verification Market, by Component
12.5.3 MEA: Identity Verification Market, by Deployment
12.5.4 MEA: Identity Verification Market, by Organization Size
12.5.5 MEA: Identity Verification Market, by Type
12.5.6 MEA: Identity Verification Market, by Industry Vertical
12.5.7 MEA: Identity Verification Market, by Key Country
12.5.7.1 UAE: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.5.7.1.1 UAE DNS Security Software Market Breakdown by Component
12.5.7.1.2 UAE: Identity Verification Market, by Deployment
12.5.7.1.3 UAE: Identity Verification Market, by Organization Size
12.5.7.1.4 UAE: Identity Verification Market, by Type
12.5.7.1.5 UAE: Identity Verification Market, by Industry Vertical
12.5.7.2 Saudi Arabia: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.5.7.2.1 Saudi Arabia DNS Security Software Market Breakdown by Component
12.5.7.2.2 Saudi Arabia: Identity Verification Market, by Deployment
12.5.7.2.3 Saudi Arabia: Identity Verification Market, by Organization Size
12.5.7.2.4 Saudi Arabia: Identity Verification Market, by Type
12.5.7.2.5 Saudi Arabia: Identity Verification Market, by Industry Vertical
12.5.7.3 South Africa: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.5.7.3.1 South Africa DNS Security Software Market Breakdown by Component
12.5.7.3.2 South Africa: Identity Verification Market, by Deployment
12.5.7.3.3 South Africa: Identity Verification Market, by Organization Size
12.5.7.3.4 South Africa: Identity Verification Market, by Type
12.5.7.3.5 South Africa: Identity Verification Market, by Industry Vertical
12.5.7.4 Rest of MEA: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.5.7.4.1 Rest of MEA DNS Security Software Market Breakdown by Component
12.5.7.4.2 Rest of MEA: Identity Verification Market, by Deployment
12.5.7.4.3 Rest of MEA: Identity Verification Market, by Organization Size
12.5.7.4.4 Rest of MEA: Identity Verification Market, by Type
12.5.7.4.5 Rest of MEA: Identity Verification Market, by Industry Vertical
12.6 South America: Identity Verification Market
12.6.1 South America: Revenue, and Forecast to 2030 (US$ Million)
12.6.2 South America: Identity Verification Market, by Component
12.6.3 South America: Identity Verification Market, by Deployment
12.6.4 South America: Identity Verification Market, by Organization Size
12.6.5 South America: Identity Verification Market, by Type
12.6.6 South America: Identity Verification Market, by Industry Vertical
12.6.7 South America: Identity Verification Market, by Key Country
12.6.7.1 Brazil: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.6.7.1.1 Brazil DNS Security Software Market Breakdown by Component
12.6.7.1.2 Brazil: Identity Verification Market, by Deployment
12.6.7.1.3 Brazil: Identity Verification Market, by Organization Size
12.6.7.1.4 Brazil: Identity Verification Market, by Type
12.6.7.1.5 Brazil: Identity Verification Market, by Industry Vertical
12.6.7.2 Argentina: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.6.7.2.1 Argentina DNS Security Software Market Breakdown by Component
12.6.7.2.2 Argentina: Identity Verification Market, by Deployment
12.6.7.2.3 Argentina: Identity Verification Market, by Organization Size
12.6.7.2.4 Argentina: Identity Verification Market, by Type
12.6.7.2.5 Argentina: Identity Verification Market, by Industry Vertical
12.6.7.3 Rest of South America: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
12.6.7.3.1 Rest of South America DNS Security Software Market Breakdown by Component
12.6.7.3.2 Rest of South America: Identity Verification Market, by Deployment
12.6.7.3.3 Rest of South America: Identity Verification Market, by Organization Size
12.6.7.3.4 Rest of South America: Identity Verification Market, by Type
12.6.7.3.5 Rest of South America: Identity Verification Market, by Industry Vertical
13. Identity Verification Market – Impact of COVID-19 Pandemic
13.1 Pre & Post Covid-19 Impact
14. Competitive Landscape
14.1 Heat Map Analysis by Key Players
14.2 Company Positioning & Concentration
15. Industry Landscape
15.1 Overview
15.2 Market Initiative
15.3 New Product Development
15.4 Merger and Acquisition
16. Company Profiles
16.1 Trulioo
16.1.1 Key Facts
16.1.2 Business Description
16.1.3 Products and Services
16.1.4 Financial Overview
16.1.5 SWOT Analysis
16.1.6 Key Developments
16.2 Onfido
16.2.1 Key Facts
16.2.2 Business Description
16.2.3 Products and Services
16.2.4 Financial Overview
16.2.5 SWOT Analysis
16.2.6 Key Developments
16.3 Mitek Systems, Inc
16.3.1 Key Facts
16.3.2 Business Description
16.3.3 Products and Services
16.3.4 Financial Overview
16.3.5 SWOT Analysis
16.3.6 Key Developments
16.4 IDology
16.4.1 Key Facts
16.4.2 Business Description
16.4.3 Products and Services
16.4.4 Financial Overview
16.4.5 SWOT Analysis
16.4.6 Key Developments
16.5 Authenteq
16.5.1 Key Facts
16.5.2 Business Description
16.5.3 Products and Services
16.5.4 Financial Overview
16.5.5 SWOT Analysis
16.5.6 Key Developments
16.6 Experian Plc
16.6.1 Key Facts
16.6.2 Business Description
16.6.3 Products and Services
16.6.4 Financial Overview
16.6.5 SWOT Analysis
16.6.6 Key Developments
16.7 Thales SA
16.7.1 Key Facts
16.7.2 Business Description
16.7.3 Products and Services
16.7.4 Financial Overview
16.7.5 SWOT Analysis
16.7.6 Key Developments
16.8 IDEMIA
16.8.1 Key Facts
16.8.2 Business Description
16.8.3 Products and Services
16.8.4 Financial Overview
16.8.5 SWOT Analysis
16.8.6 Key Developments
16.9 Jumio Corporation
16.9.1 Key Facts
16.9.2 Business Description
16.9.3 Products and Services
16.9.4 Financial Overview
16.9.5 SWOT Analysis
16.9.6 Key Developments
16.10 LexisNexis Risk Solutions Group
16.10.1 Key Facts
16.10.2 Business Description
16.10.3 Products and Services
16.10.4 Financial Overview
16.10.5 SWOT Analysis
16.10.6 Key Developments
17. Appendix
17.1 About The Insight Partners
17.2 Word Index
List of Tables
Table 1. Identity Verification Market Segmentation
Table 2. Identity Verification Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Identity Verification Market Revenue and Forecasts To 2030 (US$ Million) – Component
Table 4. Identity Verification Market Revenue and Forecasts To 2030 (US$ Million) –Deployment
Table 5. Identity Verification Market Revenue and Forecasts To 2030 (US$ Million) – Organization Size
Table 6. Identity Verification Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 7. Identity Verification Market Revenue and Forecasts To 2030 (US$ Million) – Industry Vertical
Table 8. North America: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 9. North America: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 10. North America: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 11. North America: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 12. North America: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 13. North America: Identity Verification Market Revenue Share, by Key Country (2022 and 2030)
Table 14. US: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 15. US: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 16. US: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 17. US: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 18. US: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 19. Canada: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 20. Canada: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 21. Canada: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 22. Canada: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 23. Canada: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 24. Mexico: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 25. Mexico: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 26. Mexico: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 27. Mexico: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 28. Mexico: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 29. Europe: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 30. Europe: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 31. Europe: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 32. Europe: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 33. Europe: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 34. UK: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 35. UK: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 36. UK: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 37. UK: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 38. UK: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 39. Germany: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 40. Germany: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 41. Germany: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 42. Germany: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 43. Germany: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 44. France: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 45. France: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 46. France: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 47. France: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 48. France: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 49. Italy: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 50. Italy: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 51. Italy: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 52. Italy: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 53. Italy: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 54. Russia: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 55. Russia: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 56. Russia: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 57. Russia: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 58. Russia: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 59. Rest of Europe: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 60. Rest of Europe: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 61. Rest of Europe: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 62. Rest of Europe: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 63. Rest of Europe: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 64. Asia Pacific: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 65. Asia Pacific: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 66. Asia Pacific: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 67. Asia Pacific: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 68. Asia Pacific: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 69. China: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 70. China: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 71. China: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 72. China: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 73. China: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 74. Japan: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 75. Japan: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 76. Japan: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 77. Japan: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 78. Japan: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 79. South Korea: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 80. South Korea: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 81. South Korea: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 82. South Korea: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 83. South Korea: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 84. India: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 85. India: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 86. India: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 87. India: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 88. India: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 89. Australia: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 90. Australia: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 91. Australia: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million).
Table 92. Australia: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 93. Australia: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 94. Rest of Asia Pacific: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 95. Rest of Asia Pacific: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 96. Rest of Asia Pacific: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 97. Rest of Asia Pacific: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 98. Rest of Asia Pacific: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 99. MEA: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 100. MEA: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 101. MEA: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 102. MEA: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 103. MEA: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 104. UAE: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 105. UAE: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 106. UAE: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 107. UAE: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 108. UAE: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 109. Saudi Arabia: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 110. Saudi Arabia: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 111. Saudi Arabia: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 112. Saudi Arabia: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 113. Saudi Arabia: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 114. South Africa: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 115. South Africa: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 116. South Africa: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 117. South Africa: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 118. South Africa: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 119. Rest of MEA: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 120. Rest of MEA: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 121. Rest of MEA: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 122. Rest of MEA: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 123. Rest of MEA: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 124. South America: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 125. South America: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 126. South America: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 127. South America: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 128. South America: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 129. Brazil: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 130. Brazil: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 131. Brazil: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 132. Brazil: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 133. Brazil: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 134. Argentina: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 135. Argentina: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 136. Argentina: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 137. Argentina: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 138. Argentina: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 139. Rest of South America: Identity Verification Market, by Component – Revenue and Forecast to 2030 (US$ Million)
Table 140. Rest of South America: Identity Verification Market, by Deployment – Revenue and Forecast to 2030 (US$ Million)
Table 141. Rest of South America: Identity Verification Market, by Organization Size – Revenue and Forecast to 2030 (US$ Million)
Table 142. Rest of South America: Identity Verification Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 143. Rest of South America: Identity Verification Market, by Industry Vertical – Revenue and Forecast to 2030 (US$ Million)
Table 144. Heat Map Analysis By Key Players
Table 145. List of Abbreviation
List of Figures
Figure 1. Identity Verification Market Segmentation, By Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Identity Verification Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Identity Verification Market Breakdown by Geography, 2022 and 2030 (%)
Figure 6. Identity Verification Market Revenue (US$ Million), 2022 – 2030
Figure 7. Identity Verification Market Share (%) – Component, 2022 and 2030
Figure 8. Solution Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Services Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Identity Verification Market Share (%) – Deployment, 2022 and 2030
Figure 11. Cloud Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. On-Premise Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Identity Verification Market Share (%) – Organization Size, 2022 and 2030
Figure 14. Large Enterprises Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. SMEs Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Identity Verification Market Share (%) – Type, 2022 and 2030
Figure 17. Biometric Verification Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Online Verification Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Knowledge Based Authentication Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Identity Verification Market Share (%) – Industry Vertical, 2022 and 2030
Figure 22. BFSI Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Government and Defense Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Healthcare Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. IT and Telecom Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Retail Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. Identity Verification Market Breakdown by Region, 2022 and 2030 (%)
Figure 29. North America: Identity Verification Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. North America: Identity Verification Market Revenue Share, by Component (2022 and 2030)
Figure 31. North America: Identity Verification Market Revenue Share, by Deployment (2022 and 2030)
Figure 32. North America: Identity Verification Market Revenue Share, by Organization Size (2022 and 2030)
Figure 33. North America: Identity Verification Market Revenue Share, by Type (2022 and 2030)
Figure 34. North America: Identity Verification Market Revenue Share, by Industry Vertical (2022 and 2030)
Figure 35. North America: Identity Verification Market Revenue Share, by Key Country (2022 and 2030)
Figure 36. US: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 37. Canada: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 38. Mexico: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 39. Europe: Identity Verification Market – Revenue and Forecast to 2030 (US$ Million)
Figure 40. Europe: Identity Verification Market Revenue Share, by Component (2022 and 2030)
Figure 41. Europe: Identity Verification Market Revenue Share, by Deployment (2022 and 2030)
Figure 42. Europe: Identity Verification Market Revenue Share, by Organization Size (2022 and 2030)
Figure 43. Europe: Identity Verification Market Revenue Share, by Type (2022 and 2030)
Figure 44. Europe: Identity Verification Market Revenue Share, by Industry Vertical (2022 and 2030)
Figure 45. Europe: Identity Verification Market Revenue Share, by Key Country (2022 and 2030)
Figure 46. UK: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 47. Germany: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 48. France: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 49. Italy: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 50. Russia: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 51. Rest of Europe: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 52. Asia Pacific: Identity Verification Market – Revenue and Forecast to 2030 (US$ Million)
Figure 53. Asia Pacific: Identity Verification Market Revenue Share, by Component (2022 and 2030)
Figure 54. Asia Pacific: Identity Verification Market Revenue Share, by Deployment (2022 and 2030)
Figure 55. Asia Pacific: Identity Verification Market Revenue Share, by Organization Size (2022 and 2030)
Figure 56. Asia Pacific: Identity Verification Market Revenue Share, by Type (2022 and 2030)
Figure 57. Asia Pacific: Identity Verification Market Revenue Share, by Industry Vertical (2022 and 2030)
Figure 58. Asia Pacific: Identity Verification Market Revenue Share, by Key Country (2022 and 2030)
Figure 59. China: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 60. Japan: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 61. South Korea: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 62. India: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 63. Australia: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 64. Rest of Asia Pacific: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 65. MEA: Identity Verification Market – Revenue and Forecast to 2030 (US$ Million)
Figure 66. MEA: Identity Verification Market Revenue Share, by Component (2022 and 2030)
Figure 67. MEA: Identity Verification Market Revenue Share, by Deployment (2022 and 2030)
Figure 68. MEA: Identity Verification Market Revenue Share, by Organization Size (2022 and 2030)
Figure 69. MEA: Identity Verification Market Revenue Share, by Type (2022 and 2030)
Figure 70. MEA: Identity Verification Market Revenue Share, by Industry Vertical (2022 and 2030)
Figure 71. MEA: Identity Verification Market Revenue Share, by Key Country (2022 and 2030)
Figure 72. UAE: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 73. Saudi Arabia: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 74. South Africa: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 75. Rest of MEA: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 76. South America: Identity Verification Market – Revenue and Forecast to 2030 (US$ Million)
Figure 77. South America: Identity Verification Market Revenue Share, by Component (2022 and 2030)
Figure 78. South America: Identity Verification Market Revenue Share, by Deployment (2022 and 2030)
Figure 79. South America: Identity Verification Market Revenue Share, by Organization Size (2022 and 2030)
Figure 80. South America: Identity Verification Market Revenue Share, by Type (2022 and 2030)
Figure 81. South America: Identity Verification Market Revenue Share, by Industry Vertical (2022 and 2030)
Figure 82. South America: Identity Verification Market Revenue Share, by Key Country (2022 and 2030)
Figure 83. Brazil: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 84. Argentina: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 85. Rest of South America: Identity Verification Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 86. Company Positioning & Concentration
The List of Companies - Identity Verification Market
- Trulioo
- Onfido
- Mitek Systems, Inc
- IDology
- Authenteq
- Experian Plc
- Thales SA
- IDEMIA
- Jumio Corporation
- LexisNexis Risk Solutions Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For