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Identity Verification Market Share

Report ID: GMI5522
Published Date: Mar 2023
Report Format: PDF

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Identity Verification Market Share

Major players involved in the identity verification market are:

Equifax, Inc.
GB group PLC
IBM Corporation
IDEMIA
iDenfyTM
Intellicheck Inc.
Jumio
Keesing Technologies
Mastercard Inc
MicroBilt Corporation
Microsoft Corporation
Mitek Systems, Inc.
Nord security
Onfido ltd
SEON Technologies Ltd.
Shufti pro
Slashdot Media
TransUnion LLC

These companies are consistently focusing on new product launches to gain a competitive edge over others.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of identity verification crossed USD 5 billion in 2022 and is predicted to expand at over 20% CAGR between 2023 and 2032, attributed to the surging incidences of data security breaches, cyberattacks, and identity theft globally.

The access management segment is anticipated to be worth over USD 10 billion by 2032, given the capability of access management solutions to help organizations verify user identities before granting them access to business systems and information.

The BFSI segment is set to depict over 15% CAGR from 2023 to 2032, owing to the deployment of robust data security solutions across the BFSI sector to safeguard private and sensitive user data from unethical sources.

North America identity verification industry is poised to garner over USD 15 billion in revenue by 2032, aided by the early adoption of advanced technologies and the increasing public awareness about security measures in the region.