Product ID: UCMIG45B2024
Identity Verification Market Size, Share, Growth Analysis, By Type(Biometrics, Non-biometrics), By Component(Solution, Service), By Deployment(On-premises, Cloud), By Organization size(SMEs, Large Enterprises), By Vertical(BFSI, Government and Defense), By Regional(North America, Asia Pacific) - Industry Forecast 2024-2031
Report ID:
UCMIG45B2024 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Identity Verification Market Insights
Market Overview:
The global identity verification market was valued at USD 8.48 billion in 2021 and is projected to grow at a CAGR of 16.7% from 2022 to 2030. The market is driven by factors such as the increasing frequency of identity fraud and cybercrime, growing digitization initiatives, and the rising use of data security across various industries. Additionally, government and company measures focused on digitalization and the adoption of emerging technologies like AI, machine learning, and automation in identity verification systems are expected to present attractive opportunities for identity verification providers.
Identity Verification Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the IT Consulting & Other Services by segment aggregation, the contribution of the IT Consulting & Other Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Identity Verification Market Report Snapshots
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