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Europe identity verification and authentication market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 17.1% in the forecast period of 2021 to 2028 and is expected to reach USD 21,269.02 million by 2028.
The world class Europe Identity Verification and Authentication Market research report is structured with the thorough market analysis carried out by a team of industry experts, dynamic analysts, skilful forecasters, and well-informed researchers. This global market report offers an analytical assessment of the prime challenges faced by the market currently and in the coming years, which gives idea to other market participants about the problems they may face while operating in this market over a longer period of time. In the large scale Europe Identity Verification and Authentication Market report, industry trends are put together on macro level with which clients can figure out market landscape and possible future issues.
Europe Identity Verification and Authentication Market Scenario:
Identity verification and authentication refers to the services and solutions used to verify the authenticity of a person's physical identity or documents such as a driver’s license, passport, or nationally issued identity document. Identity verification and authentication is an important process that ensures a person’s identity matches the one that is supposed to be. Identity verification and authentication solution and services ensure that a real person is operating behind a process and proves the one they claim to be, preventing false identities or committing fraud. Identity verification is an essential requirement in many business processes and procedures. Various methods for identity verification and authentication services include biometric identity, identity and access management (IAM) solutions, security assertion mark-up language authentication (SAML) solutions, and biometric authentication solutions. The verification of identity process can be carried out in many different ways depending on the channel and the way the verification. Identity verification and authentication services are used in many industries to provide complete security, to avoid fraud, financial crimes, and identity theft. One such way to avoid this can be deploying anti-money laundering solutions to improve customer experience and avoid costly fines and other benefits.
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Europe Identity Verification and Authentication Market Scope and Size:
Europe identity verification and authentication market is segmented on the basis of component, type, deployment mode, organization size, and vertical.
· On the basis of component, the Europe identity verification and authentication market is segmented into solution and services. In 2021, the solution segment held a larger share in the identity verification and authentication market owing to factors such as the shift toward digital transformation by various industries mostly financial sectors, increasing need to fight against data breaches and fraudulent activities.
· On the basis of type, the Europe identity verification and authentication market has been segmented into non-biometrics and biometrics. In 2021, the biometrics segment held a larger share in the identity verification and authentication market due to increasing smartphone penetration in merging countries and developed countries and growing demand for NFC technologies.
· On the basis of deployment mode, the Europe identity verification and authentication market has been segmented into on-premise and cloud. In 2021, the cloud segment held a larger share in the identity verification and authentication market. Cloud-based identity verification and authentication solutions is gaining popularity among government and defense agencies.
Some of the key questions answered in this report:
· What are the key regional markets?
· What is the structure of the Europe Identity Verification and Authentication Market and who are the key players?
· What are the key opportunities of the market?
· Who are the major players operating in the market?
· Which region of the market is expected to witness the highest growth during the forecast period?
· What is the growth rate of the market?
· What is the application segment?
Europe Identity Verification and Authentication Market Country Level Analysis:
The major players covered in the Europe identity verification and authentication report are Thales Group, LexisNexis Risk Solutions Group, IDEMIA, TransUnion LLC, Equifax, Inc., Experian Information Solutions, Inc., Acuant, Inc., Authenteq, Finansiell ID-Teknik BID AB, GB Group plc, IDkollen i Sverige AB, Jumio, Mitek Systems, Inc., Okta, Onfido, PENNEO A/S, Ping Identity, Precise Biometrics AB, ZignSec AB, among others.
Europe Identity Verification and Authentication Market Share Analysis:
The Details analysis include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weakness, product launch, product width and breadth, application dominance.
Key Players:
· Thales Group
· LexisNexis Risk Solutions Group
· IDEMIA
· TransUnion LLC
· Equifax Inc.
· Experian Information Solutions Inc.
· Acuant Inc.
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Market by Product & Procedure type
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