North America Identity Verification Market Global Industry Analysis by Size
Identity verification market refers to the services and solutions which are used to verify the authenticity of physical identity of a person or their documents such as a driver’s license, passport or a nationally issued identity document and others. Identity verification is an important process which ensures a person’s identity matches the one that is supposed to be.
The rising fraudulent activities and identity theft, creates a need to adopt identity verification solutions and acts as a major driving factor for the growth of the identity verification market. Identity verification service requires high implementation cost due to which small and medium enterprises hardly afford for their business lines which is restraining the identity verification market growth. Increasing usage of BYOD ultimately increases the adoption of identity verification solutions and acts as an opportunity for identity verification market growth. Identity verification deals with numerous varieties of ID documents and it became so difficult to maintain these numerous documents and hence acts as a major challenge for the growth of identity verification market
The Identity verification market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 13.3% in the forecast period of 2021 to 2028 and is expected to reach USD 9,328.02 million by 2028. Growing demand for research and development activities is acting as major factor for the growth of the market.
This North America Identity Verification Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry. The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market. This North America Identity Verification Market report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in Healthcare industry. The company profiles of all the chief and dominating market players and brands who are taking steps such as product launches, joint ventures, mergers and acquisitions are mentioned in the report.
North America Identity Verification Market, By Component (Solution and Services), Type (Non-Biometrics and Biometrics), Deployment Mode (On-Premise and Cloud), Organization Size (Large Enterprises and SME’S), Vertical (BFSI, Government & Defense, Energy & Utilities, Retail & Ecommerce, It & Telecom, Healthcare, Gaming and Others), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028
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Market Drivers and Restraints:
On the basis of type, the identity verification market has been segmented into non-biometrics and biometrics. In 2021, biometrics segment held larger share in the identity verification market due to factors such as increasing smartphone penetration in merging countries and growing use of fingerprint identification, increased security of protected data, improved authentication security to combat new threats, surging dependency on digital technologies, enhanced customer satisfaction and rising trend for contactless biometric solutions.
On the basis of deployment mode, the identity verification market has been segmented into on-premise and cloud. In 2021, on-premise segment held larger share in the identity verification market as government and defense sector along various financial institutions prefer to use on-premise identity solutions, due to security policy restrictions, data sharing and availability of budget to invest in infrastructure.
On the basis of organization size, the identity verification market has been segmented into large enterprises and SME’s. In 2021, large enterprises segment held larger share in the identity verification market due to factors such as protection against increased cases of money laundering, data breach, identity theft, secured processing of high risk transactions, mandatory compliant to different regulations and protected digital payments.
On the basis of vertical, the identity verification market has been segmented into BFSI, government & defense, energy & utilities, retail & ecommerce, IT & telecom, healthcare, gaming and others. In 2021, government & defense segment held the largest share in the identity verification market owing to factors such as strong need to minimize cyber threats, adoption of risk-based fraud defense strategy, reducing the spread of fake information through stolen identities, ease of convenience in government agency onboarding process and ensuring the safety of citizens.
The major players covered in the North America Identity Verification Market
The major players covered in the report are Experian Information Solutions, Inc. (a subsidiary of Experian plc), LexisNexis Risk Solutions Group, Thales Group, ZIGNSEC AB, GB Group plc ('GBG'), Precise Biometrics AB, IDEMIA, Equifax, Inc., Mitek Systems, Inc., Jumio, Acuant, Inc., TransUnion LLC, Onfido, ForgeRock, Okta, Stripe and Ping Identity among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Major Toc Of The Report North America Identity Verification Market
chapter One: North America Identity Verification Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: North America Identity Verification Market Competition, by Players
Chapter Four: North America Identity Verification Market Size by Regions
Chapter Five: North America Identity Verification Market Revenue by Countries
Chapter Six: North America Identity Verification Market Revenue by Countries
Chapter Seven: North America Identity Verification Market Revenue by Countries
Chapter Eight: North America Identity Verification Market Revenue by Countries
Get Detail TOC@ https://www.databridgemarketresearch.com/reports/north-america-identity-verification-market
Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the North America Identity Verification Market
Analysis of market effect factors and their impact on the forecast and outlook of the global North America Identity Verification Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the North America Identity Verification Market
A roadmap of growth opportunities available in the North America Identity Verification Market with the identification of key factors
The exhaustive analysis of various trends of the North America Identity Verification Market to help identify market developments
Key Questions Answered in Report:
What is the key to the North America Identity Verification Market ?
What will the North America Identity Verification Market Demand and what will be Growth?
What are the latest opportunities for North America Identity Verification Market in the future?
What are the strengths of the key players?
Key Questions Answered in Report:
What is the key to the North America Identity Verification Market?
What will the North America Identity Verification Market Demand and what will be Growth?
What are the latest opportunities for North America Identity Verification Market in the future?
What are the strengths of the key players?
Key Stakeholders Audience Covered:
In order to better analyze value of the medical devices Industry, a lot of attention given to forward and backward Integration of North America Identity Verification Market
- North America Identity Verification Market Manufacturers
- North America Identity Verification Market Distributors/Traders/Wholesalers
- North America Identity Verification Market Sub-component Manufacturers
- Industry Association
- Downstream Vendors
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