Identity Verification and Authentication Market Analysis by Industry Perspective, Comprehensive Analysis, Growth and Forecast to 2028
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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sample copy of the report here:
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 R&D, 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
Get TOC Details:
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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