Identity verification Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities Analysis

Global Identity verification report from Global Insight Services is the single authoritative source of intelligence on Identity verification market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Identity verification is the process of confirming that someone is who they say they are. This can be done in a number of ways, but typically involves comparing information provided by the individual to other data sources, such as a government-issued ID or a credit report.

In many cases, identity verification is simply a matter of verifying that the information provided matches what is on file. However, in some cases, it may also involve more sophisticated methods, such as biometric data or knowledge-based authentication.

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Market Segments

By Deployment Mode

  • On-Premises
  • Cloud

By Organization Size

  • SMEs
  • Large enterprises
Key Players : Experian, GBG, Equifax, Mitek Systems, Thales Group, LexisNexis Risk Solutions, Onfido, Trulioo, Acuant, IDEMIA

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Key Trends

There are three key trends in Identity Verification technology:

The move towards biometric-based authentication: This trend is being driven by the increasing availability of biometric devices (such as fingerprint scanners and iris scanners) and the need for more secure authentication methods.

The increasing use of artificial intelligence: AI is being used to verify identities more accurately and efficiently.

The rise of mobile ID verification: With the increasing use of smartphones, more businesses are offering mobile ID verification solutions.

 

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