The global identity verification market is expected to grow with a CAGR of 15.4% from 2024 to 2030. The major drivers for this market are the rising incidence of cybercrime & identity-related fraud and expansion of digitalization and internet access in worldwide.
The future of the global identity verification market looks promising with opportunities in the BFSI, government and defense, healthcare & life science, retail and ecommerce, IT & ITes, and energy & utility markets.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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The future of the global identity verification market looks promising with opportunities in the BFSI, government and defense, healthcare & life science, retail and ecommerce, IT & ITes, and energy & utility markets.
Identity Verification by Segment
The study includes a forecast for the global identity verification by type, end use, and region.Identity Verification Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Biometrics
- Non-Biometrics
Identity Verification Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- BFSI
- Government and Defense
- Healthcare & Life Sciences
- Retail and e-commerce
- IT & ITes
- Energy & Utilities
- Others
Identity Verification Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Identity Verification Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies identity verification companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the identity verification companies profiled in this report include:- Acuant
- Equifax
- Experian
- GB Group
- IDEMIA
- Intellicheck
- MiTek Systems
- Nuance Communications
- Thales Group
- TransUnion
Identity Verification Market Insights
- Biometric will remain larger segment over the forecast period due to its capacity to provide increased security, lower fraud, and improve user comfort.
- Within this market, BFSI will remain the largest segment over the forecast period.
- North America will remain the largest region over the forecast period due to expanding demand for identity verification technology among various government programs like digital identity-based driver's licenses, smart cities, and smart infrastructure in the region.
Features of the Global Identity Verification Market
- Market Size Estimates: Identity verification market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Identity verification market size by type, end use, and region in terms of value ($B).
- Regional Analysis: Identity verification market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the identity verification market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the identity verification market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the identity verification market by type (biometrics and non-biometrics), end use (BFSI, government and defense, healthcare & life sciences, retail and ecommerce, IT & ITes, energy & utilities, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Identity Verification Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Acuant
- Equifax
- Experian
- GB Group
- IDEMIA
- Intellicheck
- MiTek Systems
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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