As the global economy recovers in 2021 and the supply of the industrial chain improves, the Identification Verification market will undergo major changes. The Global Identification Verification market was valued at USD 8.92 billion in 2021 and is expected to reach USD 18.49 billion in 2027, registering a CAGR of 12.62% over the forecast period (2022 - 2027). The primary drivers for the identity verification market are stringent regulations and the need for compliance. Consumers are highly dependent on the government for the protection of their data. In response, the government has introduced a stream of regulations that focus on reducing fraudulent activities and introduced by government bodies across the globe. Identity verification is one of the central ideas of such stringent regulations.

The global Identification Verification industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.

The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Identification Verification market during the next few years. The global Identification Verification market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.

Highlights-Regions

The Identification Verification market can be split based on product types, major applications, and important regions as follows:

North America
Europe
Asia Pacific
Latin America

Player list
Mastercard? Inc.
Onfido Limited?
Acuant Inc.?
Intellicheck Inc.?
Jumio Corporation

Types list
On-premise
On-demand

Application list
Financial Services
Retail and E-commerce
Gaming/Gambling
Government
Other End-User Industries