The 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 16.9% in the forecast period of 2021 to 2028 and is expected to reach USD 77,525.03 million by 2028.
The world class 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 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.
Identity Verification and Authentication Market Scenario:
· The rising demand for near-field communications (NFC) technologies and high dependency on cloud identity and access management solutions act as major factors in the market’s growth.
· 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 solutions 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.
Identity Verification and Authentication Market Scope and Size:
· On the basis of component the global identity verification and authentication market has been segmented into solution, services. In 2021, the solution segment held a larger share in the market as the identity verification and authentication software is provided by the companies are in the form of solutions such as software.
· On the basis of type, the global identity verification and authentication market has been segmented into biometrics, non-biometrics. In 2021, the biometrics segment has the largest market share. Biometrics provides providers increased assurance that a person is real by verifying a tangible, real-world trait both as something the user has and something the user is. Biometric authentication requires its input is present upon authorization. The physical identity cannot be shared or transferred digitally- the only way to utilize most biometric authentication systems with a physical application.
· On the basis of deployment mode, the global identity verification and authentication market has been segmented into cloud, on premise. In 2021, the cloud held a larger share in the market, as it provides greater scalability as you only pay for what you use and can easily scale to meet demand and lower costs.
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Some of the key questions answered in this report:
1. What are the key regional markets?
2. What is the structure of the Identity Verification and Authentication Market and who are the key players?
3. What are the key opportunities of the market?
4. Who are the major players operating in the market?
5. Which region of the market is expected to witness the highest growth during the forecast period?
6. What is the growth rate of the market?
7. What is the application segment?
Identity Verification and Authentication Market Regional Outlook:
The countries covered in the Identity Verification and Authentication Market Germany
· Canada
· Mexico
· South Africa
· Egypt
· Saudi Arabia
· U.A.E
· Israel
· Rest of the Middle East and Africa
· China
· Japan
· South Korea
· Australia
· Malaysia
· Singapore
· India
Competitive Landscape and Identity Verification and Authentication Market Share Analysis:
Identity Verification and Authentication Market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in RD, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth and application dominance
Some of the major players
· LexisNexis Risk Solutions Group
· AccuraTechnolabs
· GB Group plc
· Experian Information Solutions Inc.
· IDkollen i Sverige AB
· IDEMIA
· Precise Biometrics AB
· Finansiell ID-Teknik BID AB
· PENNEO A/S
(Note: Please visit the report page for a comprehensive list of significant players)
· The major highlights of Identity Verification and Authentication Market report are key market dynamics, current market scenario, and future prospects of the sector. By understanding and keeping into focus customer requirement, one method or combination of many steps have been applied to build the most excellent market research report. Whereas market definition covered in this first class report explores the market drivers which indicate the factors causing rise in the market growth and market restraints which indicate the factors causing fall in the market growth. The large-scale Identity Verification and Authentication Market report helps customers or other market participants to be aware of the problems they may face while operating in this market over a longer period of time.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Competitive Landscape
Chapter Seven: Drivers, Restraints, Challenges, and Opportunities
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In-depth qualitative analyses include identification and investigation of the following aspects:
· Market Structure
· Growth Drivers
· Restraints and Challenges
· Emerging Product Trends Market Opportunities
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