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Identity Verification Market to 2027 - Global Analysis and Forecasts by Component (Solution and Services); Deployment (On-Premise and Cloud); Organization Size (SMEs, Large Enterprises) and Industry Vertical (BFSI, Government & Defense, Healthcare, IT & Telecom, Retail, and Others)

RnM3652736
07 August, 2019
Global
182 Pages
The Insight Partners
Other

The global identity verification market accounted for US$ 5.52 Bn in 2018 and is expected to grow at a CAGR of 14.3% over the forecast period 2019-2027, to account for US$ 18.12 Bn by 2027. Growth in recent years in the identity verification market is primarily driven by the growing number of cyber-attacks. North America region is observed to garner the highest market share in the identity verification market.

Over the years, the financial regulators have intensified their focus on monitoring of fraud activities, which also includes a thrust for the financial institutes to adopt suitable security solutions. Furthermore, in the coming years, the regulators are expecting that the firms to be able to show, not only that they are capable of functioning the system appropriately, but also prove that their systems are efficient enough. This demand for sophisticated transaction monitoring system would be predominantly driven by the legislation like NYSDFS (New York States’ Department of Financial Services) part 504. In the coming years, the emergence of secure transaction platforms enabling the financial institutions to configure a range of monitoring scenarios, performing efficient data analysis and filter out the genuine suspicious activities from the other false positives, are expected to gain significant traction in the market. This, in response, is expected to bolster the demand for identity verification solutions. Therefore, increasing demand for secure transaction in the BFSI sector is driving the growth of identity verification market.

Presently, most of the customers of identity verification providers are large enterprises, mainly due to large scale operations and faster adoption of digital and technological advancements on these businesses. Large companies worldwide are in the front of digital transformation to improve existing processes; however, small and medium-sized enterprises are still in the process of adapting to the latest technology trends. Some of the primary reasons behind this include resource constraints and lack of knowledge & awareness about the potential benefits of digital transformation. Hence, the small and medium-sized enterprises, as well as organizations that are still following do-it-yourself methods for identity verification, present huge strategic value and growth opportunity for players operating in the identity verification market.

The overall identity verification market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the identity verification market. It also provides the overview and forecast for the global identity verification market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the identity verification industry. Some of the players present in the identity verification market are Acuant, Inc., Authenteq, Gemalto N.V. (Thales group), IDEMIA, Mitek Systems, Inc., Experian Information Solutions, Inc., Jumio Lexisnexis, Onfido, and Trulioo among others.

1. Introduction

1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Identity Verification Market – By Component
- 1.3.2 Identity Verification Market – By Deployment
- 1.3.3 Identity Verification Market – By Organisation Size
- 1.3.4 Identity Verification Market – By End-User
- 1.3.5 Identity Verification Market – By Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Identity Verification Market landscape

4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
- 4.3.1 Identity Verification Market – North America PEST Analysis
- 4.3.2 Identity Verification Market – Europe PEST Analysis
- 4.3.3 Identity Verification Market – Asia-Pacific PEST Analysis
- 4.3.4 Identity Verification Market – Middle East & Africa PEST Analysis
- 4.3.5 Identity Verification Market – South America PEST Analysis

5. Identity Verification Market – key industry dynamics

5.1 DRIVERS
- 5.1.1 Increasing number of cyber-attacks and adoption of security solutions are having a significant positive impact on the Market growth
- 5.1.2 Increasing demand for secure transaction in BFSI sector
5.2 Restraints
- 5.2.1 Data privacy and security concerns
5.3 Opportunity
- 5.3.1 Small and Medium Enterprises offer future growth opportunity
5.4 Future Trends
- 5.4.1 Integration of AI and other advanced technologies for alerting and pattern based monitoring
5.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. Identity Verification – Global Market Analysis

6.1 Global Identity Verification Market Overview
6.2 Global Identity Verification Market Forecast and Analysis
6.3 Market Positioning/ Market Share

7. Identity Verification Market Revenue and Forecasts to 2027– Component

7.1 Overview
7.2 Global Identity Verification Market Breakdown, By Component, 2018 & 2027
7.3 Solutions Market
- 7.3.1 Overview
- 7.3.2 Solutions Market Forecast and Analysis
7.4 Services Market
- 7.4.1 Overview
- 7.4.2 Services Market Forecast and Analysis

8. Identity Verification Market Revenue and Forecasts to 2027–End User

8.1 Overview
8.2 Global Identity Verification Market Breakdown, By End Users, 2018 & 2027
8.3 BFSI Market
- 8.3.1 Overview
- 8.3.2 BFSI Market Forecast and Analysis
8.4 Government Market
- 8.4.1 Overview
- 8.4.2 Government Market Forecast and Analysis
8.5 Retail Market
- 8.5.1 Overview
- 8.5.2 Retail Market Forecast and Analysis
8.6 Healthcare Market
- 8.6.1 Overview
- 8.6.2 Healthcare Market Forecast and Analysis
8.7 IT and Telecom Market
- 8.7.1 Overview
- 8.7.2 IT and Telecom Market Forecast and Analysis
8.8 Others Market
- 8.8.1 Overview
- 8.8.2 Others Market Forecast and Analysis

9. Identity Verification Market Revenue and forecasts to 2027 – by Organisation size

9.1 Overview
9.2 Identity Verification Market Breakdown, By organisation size, 2018 & 2027
9.3 Small & Medium Enterprises
- 9.3.1 Overview
- 9.3.2 Small & Medium Enterprises Market Forecasts and Analysis
9.4 Large Enterprises
- 9.4.1 Overview
- 9.4.2 Large Enterprises Market Forecasts and Analysis

10. Identity Verification Market Revenue and forecasts to 2027 – By Deployment

10.1 Overview
10.2 Identity Verification Market Breakdown, By DEPLOYMENT, 2018 & 2027
10.3 Cloud- Based Deployment
- 10.3.1 Overview
- 10.3.2 Cloud-Based Deployment Market Forecasts and Analysis
10.4 On-Premise Deployment
- 10.4.1 Overview
- 10.4.2 On-Premise Deployment Market Forecasts and Analysis

11. IDENTITY VERIFICATION Market – Geographical Analysis

11.1 Overview
11.2 North America Identity Verification Market Revenue and Forecasts to 2027
- 11.2.1 North America Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
- 11.2.2 North America Identity Verification Market Breakdown by Component
- 11.2.3 North America Identity Verification Market Breakdown by Deployment
- 11.2.4 North America Identity Verification Market Breakdown by Organization Size
- 11.2.5 North America Identity Verification Market Breakdown by End User
- 11.2.6 North America Identity Verification Market Breakdown, by Key Countries
  - 11.2.6.1 U.S. Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
  - 11.2.6.1.1 U.S Identity Verification Market Breakdown by Component
  - 11.2.6.1.2 U.S Identity Verification Market Breakdown by Deployment
  - 11.2.6.1.3 U.S Identity Verification Market Breakdown by Organization Size
  - 11.2.6.1.4 U.S. Identity Verification Market Breakdown by End User
  - 11.2.6.2 Canada Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
  - 11.2.6.2.1 Canada Identity Verification Market Breakdown by Component
  - 11.2.6.2.2 Canada Identity Verification Market Breakdown by Deployment
  - 11.2.6.2.3 Canada Identity Verification Market Breakdown by Organization Size
  - 11.2.6.2.4 Canada Identity Verification Market Breakdown by End User
  - 11.2.6.3 Mexico Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
  - 11.2.6.3.1 Mexico Identity Verification Market Breakdown by Component
  - 11.2.6.3.2 Mexico Identity Verification Market Breakdown by Deployment
  - 11.2.6.3.3 Mexico Identity Verification Market Breakdown by Organization Size
  - 11.2.6.3.4 Mexico Identity Verification Market Breakdown by End User
  - 11.3 Europe Identity Verification Market Revenue and Forecasts to 2027
    - 11.3.1 Europe Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
    - 11.3.2 Europe Identity Verification Market Breakdown by Component
    - 11.3.3 Europe Identity Verification Market Breakdown by Deployment
    - 11.3.4 Europe Identity Verification Market Breakdown by Organization Size
    - 11.3.5 Europe Identity Verification Market Breakdown by End User
    - 11.3.6 Europe Identity Verification Market Breakdown, by Key Countries
      - 11.3.6.1 Germany Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
      - 11.3.6.1.1 Germany Identity Verification Market Breakdown by Component
      - 11.3.6.1.2 Germany Identity Verification Market Breakdown by Deployment
      - 11.3.6.1.3 Germany Identity Verification Market Breakdown by Organization Size
      - 11.3.6.1.4 Germany Identity Verification Market Breakdown by End User
      - 11.3.6.2 UK Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
      - 11.3.6.2.1 UK Identity Verification Market Breakdown by Component
      - 11.3.6.2.2 UK Identity Verification Market Breakdown by Deployment
      - 11.3.6.2.3 Germany Identity Verification Market Breakdown by Organization Size
      - 11.3.6.2.4 UK Identity Verification Market Breakdown by End User
      - 11.3.6.3 France Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
      - 11.3.6.3.1 France Identity Verification Market Breakdown by Component
      - 11.3.6.3.2 France Identity Verification Market Breakdown by Deployment
      - 11.3.6.3.3 France Identity Verification Market Breakdown by Organization Size
      - 11.3.6.3.4 France Identity Verification Market Breakdown by End User
      - 11.3.6.4 Italy Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
      - 11.3.6.4.1 Italy Identity Verification Market Breakdown by Component
      - 11.3.6.4.2 Italy Identity Verification Market Breakdown by Deployment
      - 11.3.6.4.3 Italy Identity Verification Market Breakdown by Organization Size
      - 11.3.6.4.4 Italy Identity Verification Market Breakdown by End User
      - 11.3.6.5 Russia Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
      - 11.3.6.5.1 Russia Identity Verification Market Breakdown by Component
      - 11.3.6.5.2 Russia Identity Verification Market Breakdown by Deployment
      - 11.3.6.5.3 Russia Identity Verification Market Breakdown by Organization Size
      - 11.3.6.5.4 Russia Identity Verification Market Breakdown by End User
      - 11.3.6.6 Rest of Europe Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
      - 11.3.6.6.1 Rest of Europe Identity Verification Market Breakdown by Component
      - 11.3.6.6.2 Rest of Europe Identity Verification Market Breakdown by Deployment
      - 11.3.6.6.3 Rest of Europe Identity Verification Market Breakdown by Organization Size
      - 11.3.6.6.4 Rest of Europe Identity Verification Market Breakdown by End User
      - 11.4 APAC Identity Verification Market Revenue and Forecasts to 2027
        11.4.1 APAC Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
        11.4.2 APAC Identity Verification Market Breakdown by Component
        11.4.3 APAC Identity Verification Market Breakdown by Deployment
        11.4.4 APAC Identity Verification Market Breakdown by Organization Size
        11.4.5 APAC Identity Verification Market Breakdown by End User
        11.4.6 APAC Identity Verification Market Breakdown, by Key Countries
        11.4.6.1 China Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
        11.4.6.1.1 China Identity Verification Market Breakdown by Component
        11.4.6.1.2 China Identity Verification Market Breakdown by Deployment
        11.4.6.1.3 China Identity Verification Market Breakdown by Organization Size
        11.4.6.1.4 China Identity Verification Market Breakdown by End User
        11.4.6.2 India Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
        11.4.6.2.1 India Identity Verification Market Breakdown by Component
        11.4.6.2.2 India Identity Verification Market Breakdown by Deployment
        11.4.6.2.3 India Identity Verification Market Breakdown by Organization Size
        11.4.6.2.4 India Identity Verification Market Breakdown by End User
        11.4.6.3 Australia Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
        11.4.6.3.1 Australia Identity Verification Market Breakdown by Component
        11.4.6.3.2 Australia Identity Verification Market Breakdown by Deployment
        11.4.6.3.3 Australia Identity Verification Market Breakdown by Organization Size
        11.4.6.3.4 Australia Identity Verification Market Breakdown by End User
        11.4.6.4 Japan Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
        11.4.6.4.1 Japan Identity Verification Market Breakdown by Component
        11.4.6.4.2 Japan Identity Verification Market Breakdown by Deployment
        11.4.6.4.3 Japan Identity Verification Market Breakdown by Organization Size
        11.4.6.4.4 Japan Identity Verification Market Breakdown by End User
        11.4.6.5 South Korea Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
        11.4.6.5.1 South Korea Identity Verification Market Breakdown by Component
        11.4.6.5.2 South Korea Identity Verification Market Breakdown by Deployment
        11.4.6.5.3 South Korea Identity Verification Market Breakdown by Organization Size
        11.4.6.5.4 South Korea Identity Verification Market Breakdown by End User
        11.4.6.6 Rest of APAC Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
        11.4.6.6.1 Rest of APAC Identity Verification Market Breakdown by Component
        11.4.6.6.2 Rest of APAC Identity Verification Market Breakdown by Deployment
        11.4.6.6.3 Rest of APAC Identity Verification Market Breakdown by Organization Size
        11.4.6.6.4 Rest of APAC Identity Verification Market Breakdown by End User
        11.5 Middle East and Africa Identity Verification Market Revenue and Forecasts to 2027
        11.5.1 Middle East and Africa Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
        11.5.2 MEA Identity Verification Market Breakdown by Component
        11.5.3 MEA Identity Verification Market Breakdown by Deployment
        11.5.4 MEA Identity Verification Market Breakdown by Organization Size
        11.5.5 MEA Identity Verification Market Breakdown by End User
        11.5.6 MEA Identity Verification Market Breakdown, by Key Countries
        11.5.6.1 South Africa Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
        11.5.6.1.1 South Africa Identity Verification Market Breakdown by Component
        11.5.6.1.2 South Africa Identity Verification Market Breakdown by Deployment
        11.5.6.1.3 South Africa Identity Verification Market Breakdown by Organization Size
        11.5.6.1.4 South Africa Identity Verification Market Breakdown by End User
        11.5.6.2 Saudi Arabia Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
        11.5.6.2.1 Saudi Arabia Identity Verification Market Breakdown by Component
        11.5.6.2.2 Saudi Arabia Identity Verification Market Breakdown by Deployment
        11.5.6.2.3 Saudi Arabia Identity Verification Market Breakdown by Organization Size
        11.5.6.2.4 Saudi Arabia Identity Verification Market Breakdown by End User
        11.5.6.3 UAE Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
        11.5.6.3.1 UAE Identity Verification Market Breakdown by Component
        11.5.6.3.2 UAE Identity Verification Market Breakdown by Deployment
        11.5.6.3.3 UAE Identity Verification Market Breakdown by Organization Size
        11.5.6.3.4 UAE Identity Verification Market Breakdown by End User
        11.5.6.4 Rest of MEA Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
        11.5.6.4.1 Rest of MEA Identity Verification Market Breakdown by Component
        11.5.6.4.2 Rest of MEA Identity Verification Market Breakdown by Deployment
        11.5.6.4.3 Rest of MEA Identity Verification Market Breakdown by Organization Size
        11.5.6.4.4 Rest of MEA Identity Verification Market Breakdown by End User
        11.6 South America Identity Verification Market Revenue and Forecasts to 2027
        11.6.1 South America Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
        11.6.2 South America Identity Verification Market Breakdown by Component
        11.6.3 South America Identity Verification Market Breakdown by Deployment
        11.6.4 South America Identity Verification Market Breakdown by Organization Size
        11.6.5 South America Identity Verification Market Breakdown by End User
        11.6.6 South America Identity Verification Market Breakdown, by Key Countries
        11.6.6.1 Brazil Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
        11.6.6.1.1 Brazil Identity Verification Market Breakdown by Component
        11.6.6.1.2 Brazil Identity Verification Market Breakdown by Deployment
        11.6.6.1.3 Brazil Identity Verification Market Breakdown by Organization Size
        11.6.6.1.4 Brazil Identity Verification Market Breakdown by End User
        11.6.6.2 Argentina Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
        11.6.6.2.1 Argentina Identity Verification Market Breakdown by Component
        11.6.6.2.2 Argentina Identity Verification Market Breakdown by Deployment
        11.6.6.2.3 Argentina Identity Verification Market Breakdown by Organization Size
        11.6.6.2.4 Argentina Identity Verification Market Breakdown by End User
        11.6.6.3 Rest of SAM Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)
        11.6.6.3.1 Rest of SAM Identity Verification Market Breakdown by Component
        11.6.6.3.2 Rest of SAM Identity Verification Market Breakdown by Deployment
        11.6.6.3.3 Rest of SAM Identity Verification Market Breakdown by Organization Size
        11.6.6.3.4 Rest of SAM Identity Verification Market Breakdown by End User
        12. Industry Landscape
        12.1 Market Initiative
        12.2 Merger and Acquisition
        12.3 New Development
        13. Company Profiles
        13.1 ACUANT, INC.
        13.1.1 Key Facts
        13.1.2 Business Description
        13.1.3 Products and Services
        13.1.4 Financial Overview
        13.1.5 SWOT Analysis
        13.1.6 Key Developments
        13.2 AUTHENTEQ
        13.2.1 Key Facts
        13.2.2 Business Description
        13.2.3 Products and Services
        13.2.4 Financial Overview
        13.2.5 SWOT Analysis
        13.2.6 Key Developments
        13.3 Experian plc
        13.3.1 Key Facts
        13.3.2 Business Description
        13.3.3 Products and Services
        13.3.4 Financial Overview
        13.3.5 SWOT Analysis
        13.3.6 Key Developments
        13.4 GEMALTO N.V.(THALES GROUP)
        13.4.1 Key Facts
        13.4.2 Business Description
        13.4.3 Products and Services
        13.4.4 Financial Overview
        13.4.5 SWOT Analysis
        13.4.6 Key Developments
        13.5 IDEMIA
        13.5.1 Key Facts
        13.5.2 Business Description
        13.5.3 Product and Services
        13.5.4 Financial Overview
        13.5.5 SWOT Analysis
        13.5.6 Key Developments
        13.6 Jumio Corporation
        13.6.1 Key Facts
        13.6.2 Business Description
        13.6.3 Products and Services
        13.6.4 SWOT Analysis
        13.6.5 Key Developments
        13.7 LexisNexis
        13.7.1 Key Facts
        13.7.2 Business Description
        13.7.3 Products and Services
        13.7.4 SWOT Analysis
        13.7.5 Key Developments
        13.8 Mitek Systems, Inc.
        13.8.1 Key Facts
        13.8.2 Business Description
        13.8.3 Products and Services
        13.8.4 Financial Overview
        13.8.5 SWOT Analysis
        13.8.6 Key Developments
        13.9 Onfido
        13.9.1 Key Facts
        13.9.2 Business Description
        13.9.3 Products and Services
        13.9.4 SWOT Analysis
        13.9.5 Key Developments
        13.10 Trulioo
        13.10.1 Key Facts
        13.10.2 Business Description
        13.10.3 Products and Services
        13.10.4 SWOT Analysis
        13.10.5 Key Developments
        14. Appendix
        14.1 About The Insight Partners
        14.2 Glossary
        14.3 Methodology
        14.3.1 Coverage
        14.3.2 Secondary Research

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Summary:
Get latest Market Research Reports on Identity Verification. Industry analysis & Market Report on Identity Verification is a syndicated market report, published as Identity Verification Market to 2027 - Global Analysis and Forecasts by Component (Solution and Services); Deployment (On-Premise and Cloud); Organization Size (SMEs, Large Enterprises) and Industry Vertical (BFSI, Government & Defense, Healthcare, IT & Telecom, Retail, and Others). It is complete Research Study and Industry Analysis of Identity Verification market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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Identity Verification Market to 2027 - Global Analysis and Forecasts by Component (Solution and Services); Deployment (On-Premise and Cloud); Organization Size (SMEs, Large Enterprises) and Industry Vertical (BFSI, Government & Defense, Healthcare, IT & Telecom, Retail, and Others)

Table Of Content

TABLE OF CONTENTS

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Identity Verification Market landscape

5. Identity Verification Market – key industry dynamics

6. Identity Verification – Global Market Analysis

7. Identity Verification Market Revenue and Forecasts to 2027– Component

8. Identity Verification Market Revenue and Forecasts to 2027–End User

9. Identity Verification Market Revenue and forecasts to 2027 – by Organisation size

10. Identity Verification Market Revenue and forecasts to 2027 – By Deployment

11. IDENTITY VERIFICATION Market – Geographical Analysis

12. Industry Landscape

13. Company Profiles

14. Appendix

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