Identity Verification Software Market 2021-28 looming business opportunities at USD 14.34 billion with LexisNexis, Evident, AnyVision, BlocWatch, Bluink, Entify, IDEMIA

The Identity Verification Software Market is expected to reach USD 14.34 billion at a CAGR +15% during the forecast period of 2021-2028.

Identity verification software assists businesses to make sure an online user or person is genuine. Companies get affirmation about user identities so they can generate trust online and offline, avert identity fraud and be in compliance with anti-fraud and privacy regulations.

ID verification is an authentication process that compares the identity a person claims to possess with data that proves it. There are many documents that can serve as providers of this objective truth: birth certificates, social security cards, driver’s licenses, and others.

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A new market report documentation has been added with extensive research elements, evaluating the diverse growth propellants in the Global Identity Verification Software Market. The report is a mindful representation of robust research activities undertaken by in-house research experts who have critically imbibed the output of various primary and secondary research endeavors in a bid to comprehend the impact of COVID-19 reflected upon the growth trajectory of the Identity Verification Software market.

Key Players:

  • Trulioo (Canada)
  • Acuant (The U.S.)
  • Jumio (The U.S.)
  • IDMERIT (The U.S.)
  • Equifax (The U.S.)
  • Experian (Ireland)
  • Gemalto (The Netherlands)
  • IDEMIA (France)
  • Authenteq (Iceland)
  • LexisNexis (The U.S.)
  • Shufti Pro (The U.K.)
  • Onfido (England)
  • TransUnion (The U.S.)
  • Mitek Systems (The U.S.)
  • iDenfy (Lithuania)

Owing to the sudden onset of dynamic macro-economic factors such as the outrage of COVID-19, the Identity Verification Software market has been thoroughly affected by the current developments, thus manifesting in a myriad alterations and tangible deviations from the regular growth course of the Identity Verification Software market.

A thorough analytical review of the pertinent growth trends influencing the Identity Verification Software market has been demonstrated in the report to affect unbiased and time-efficient business discretion amongst various leading players, seeking a strong footing in the competitive landscape of the Identity Verification Software market, which regularly gets influenced in a major way by the ongoing micro and macro-economic factors having a lingering set of implications on the global growth trends of the aforementioned market.

Identity Verification Software Market Report Segment: type

  • Static Verification
  • Dynamic Verification

Identity Verification Software Market Report Segment: solution

  • ID verification
  • ID authentication
  • Digital identity verification

Identity Verification Software Market Report Segment: application

  • Education
  • Government
  • Banking, Financial Service, Insurance (BFSI)
  • Others

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The following sections of this versatile report on Identity Verification Software market specifically sheds light on popular industry trends encompassing both market drivers as well as dominant trends that systematically affect the growth trajectory visibly. The report also sheds substantial light on all major key producers dominant in the Identity Verification Software market, encompassing versatile details on facets such as production and capacity deductions. Substantial light has also been shed upon other key elements such as overall production, activities practiced by key players, best of the industry practices.

Key Benefits:

  • The report provides a qualitative and quantitative analysis of the current Market trends, forecasts, and market size from 2021 to 2028 to determine new opportunities.
  • Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
  • Top impacting factors & major investment are highlighted in the research.
  • The major countries in each region are analyzed and their revenue contribution is mentioned.
  • The market player positioning segment provides an understanding of the current position of the market players active in the market.


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