PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1211027
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1211027
Global Know Your Customer Software Market Size study & Forecast, by Component by Deployment, by Enterprise Size, by End-use, and Regional Analysis, 2022-2029
Global Know Your Customer Software Market is valued at approximately USD 2.93 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 20.8% over the forecast period 2022-2029. Know your customer software is a compliance software that helps in ensuring customer due diligence in banking. This software is used to verify the identity of their clients before entering any business agreement with them. KYC is strategic risk management that is highly adopted by financial institutions to evaluate, monitor, and assess customer risk. This software helps organizations to enhance their customer relationship. Factors such as the increasing imposition of stringent government regulations for KYC checks, the rapid proliferation of digital technologies, coupled with the growth of the financial industry are primarily attributed to the market demand across the globe.
The increasing emphasis on technological developments in KYC solutions is acting as a catalyzing factor for the growth of the market. For instance, in October 2021, SentiLink Corporation announced that the company has expanded its services comprising new KYC products, as an accolade to its ID Theft Scores and Synthetic Fraud. Accordingly, this novel KYC product enables financial institutions to access the customer identity efficiently at the time of account opening. Hence, these aforementioned factors are likely to exhibit a positive influence on the market expansion. Furthermore, the emerging blockchain solutions to reduce fraudulent activities, as well as the surging demand for innovative solutions from banks, retail, and other financial institutions are the presetting various growth prospects to the market over the forecasting years. However, technical glitches and a lack of awareness in developing economies are restricting market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Know Your Customer Software Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing adoption of automated KYC solutions among banks and financial institutions, and increasing demand for innovative solutions from banks, retail, and other financial institutions. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as growing awareness regarding KYC solutions in emerging economies such as India and Japan, growing preference for digitization, as well as the imposition of stringent regulations made by the government in the regional market.
Major market players included in this report are:
Fenergo
Truth Technologies, Inc.
Trulioo
Equiniti
ACTICO GmbH
Pegasystems Inc.
Experian Information Solutions, Inc.
Acuant, Inc.
LexisNexis Risk Solutions Group
WWW.KYCPORTAL.COM
Recent Developments in the Market:
- In August 2021, Kroll, a digital technology provider announced the introduction of Kroll Business with the objective of enhancing onboarding efficiency and KYC checks.
- In June 2022, IDfy, a KYC solution provider declared the launch of Video KYC. The objective of this launch is to help the service entities collect the user's information via live video and lessen the cost by 90%.
Global Know Your Customer Software Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Component, Deployment, Enterprise Size, End-use, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Software
Services
Managed Services
Professional Services
By Deployment:
On-premise
Cloud
By Enterprise Size:
Large Enterprises
Small and Medium Enterprises
By End-use:
BFSI
Telecom
Government
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Know Your Customer Software Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Know Your Customer Software Market, by Component, 2019-2029 (USD Billion)
- 1.2.3. Know Your Customer Software Market, by Deployment, 2019-2029 (USD Billion)
- 1.2.4. Know Your Customer Software Market, by Enterprise Size, 2019-2029 (USD Billion)
- 1.2.5. Know Your Customer Software Market, by End-use, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Know Your Customer Software Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Know Your Customer Software Market Dynamics
- 3.1. Know Your Customer Software Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing imposition of stringent government regulations
- 3.1.1.2. Rising emphasis on technological developments in KYC solutions
- 3.1.2. Market Challenges
- 3.1.2.1. Technical glitches
- 3.1.2.2. Lack of awareness in developing economies
- 3.1.3. Market Opportunities
- 3.1.3.1. Emerging blockchain solutions to reduce fraudulent activities
- 3.1.3.2. Surging demand for innovative solutions from banks, retail, and other financial institutions
- 3.1.1. Market Drivers
Chapter 4. Global Know Your Customer Software Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Know Your Customer Software Market, by Component
- 6.1. Market Snapshot
- 6.2. Global Know Your Customer Software Market by Component, Performance - Potential Analysis
- 6.3. Global Know Your Customer Software Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
- 6.4. Know Your Customer Software Market, Sub Segment Analysis
- 6.4.1. Software
- 6.4.2. Services
- 6.4.3. Managed Services
- 6.4.4. Professional Services
Chapter 7. Global Know Your Customer Software Market, by Deployment
- 7.1. Market Snapshot
- 7.2. Global Know Your Customer Software Market by Deployment, Performance - Potential Analysis
- 7.3. Global Know Your Customer Software Market Estimates & Forecasts by Deployment 2019-2029 (USD Billion)
- 7.4. Know Your Customer Software Market, Sub Segment Analysis
- 7.4.1. On-premise
- 7.4.2. Cloud
Chapter 8. Global Know Your Customer Software Market, by Enterprise Size
- 8.1. Market Snapshot
- 8.2. Global Know Your Customer Software Market by Enterprise Size, Performance - Potential Analysis
- 8.3. Global Know Your Customer Software Market Estimates & Forecasts by Enterprise Size 2019-2029 (USD Billion)
- 8.4. Know Your Customer Software Market, Sub Segment Analysis
- 8.4.1. Large Enterprises
- 8.4.2. Small and Medium Enterprises
Chapter 9. Global Know Your Customer Software Market, by End-use
- 9.1. Market Snapshot
- 9.2. Global Know Your Customer Software Market by End-use, Performance - Potential Analysis
- 9.3. Global Know Your Customer Software Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
- 9.4. Know Your Customer Software Market, Sub Segment Analysis
- 9.4.1. BFSI
- 9.4.2. Telecom
- 9.4.3. Government
- 9.4.4. Others
Chapter 10. Global Know Your Customer Software Market, Regional Analysis
- 10.1. Know Your Customer Software Market, Regional Market Snapshot
- 10.2. North America Know Your Customer Software Market
- 10.2.1. U.S. Know Your Customer Software Market
- 10.2.1.1. Component breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Deployment breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Enterprise Size breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. End-use breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Know Your Customer Software Market
- 10.2.1. U.S. Know Your Customer Software Market
- 10.3. Europe Know Your Customer Software Market Snapshot
- 10.3.1. U.K. Know Your Customer Software Market
- 10.3.2. Germany Know Your Customer Software Market
- 10.3.3. France Know Your Customer Software Market
- 10.3.4. Spain Know Your Customer Software Market
- 10.3.5. Italy Know Your Customer Software Market
- 10.3.6. Rest of Europe Know Your Customer Software Market
- 10.4. Asia-Pacific Know Your Customer Software Market Snapshot
- 10.4.1. China Know Your Customer Software Market
- 10.4.2. India Know Your Customer Software Market
- 10.4.3. Japan Know Your Customer Software Market
- 10.4.4. Australia Know Your Customer Software Market
- 10.4.5. South Korea Know Your Customer Software Market
- 10.4.6. Rest of Asia Pacific Know Your Customer Software Market
- 10.5. Latin America Know Your Customer Software Market Snapshot
- 10.5.1. Brazil Know Your Customer Software Market
- 10.5.2. Mexico Know Your Customer Software Market
- 10.5.3. Rest of Latin America Know Your Customer Software Market
- 10.6. Rest of The World Know Your Customer Software Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Fenergo
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Truth Technologies, Inc.
- 11.2.3. Trulioo
- 11.2.4. Equiniti
- 11.2.5. ACTICO GmbH
- 11.2.6. Pegasystems Inc.
- 11.2.7. Experian Information Solutions, Inc.
- 11.2.8. Acuant, Inc.
- 11.2.9. LexisNexis Risk Solutions Group
- 11.2.10. WWW.KYCPORTAL.COM
- 11.2.1. Fenergo
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Know Your Customer Software Market, report scope
- TABLE 2. Global Know Your Customer Software Market estimates & forecasts by Region 2019-2029 (USD Billion)
- TABLE 3. Global Know Your Customer Software Market estimates & forecasts by Component 2019-2029 (USD Billion)
- TABLE 4. Global Know Your Customer Software Market estimates & forecasts by Deployment 2019-2029 (USD Billion)
- TABLE 5. Global Know Your Customer Software Market estimates & forecasts by Enterprise Size 2019-2029 (USD Billion)
- TABLE 6. Global Know Your Customer Software Market estimates & forecasts by End-use 2019-2029 (USD Billion)
- TABLE 7. Global Know Your Customer Software Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 8. Global Know Your Customer Software Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Know Your Customer Software Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Know Your Customer Software Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Know Your Customer Software Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Know Your Customer Software Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Know Your Customer Software Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Know Your Customer Software Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. Global Know Your Customer Software Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. Global Know Your Customer Software Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 17. U.S. Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 18. U.S. Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 19. U.S. Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 20. Canada Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 21. Canada Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 22. Canada Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 23. UK Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 24. UK Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 25. UK Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 26. Germany Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 27. Germany Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 28. Germany Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 29. France Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 30. France Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 31. France Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 32. Italy Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 33. Italy Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 34. Italy Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 35. Spain Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 36. Spain Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 37. Spain Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 38. RoE Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 39. RoE Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 40. RoE Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 41. China Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 42. China Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 43. China Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 44. India Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 45. India Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 46. India Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 47. Japan Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 48. Japan Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 49. Japan Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 50. South Korea Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 51. South Korea Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 52. South Korea Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 53. Australia Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 54. Australia Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 55. Australia Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 56. RoAPAC Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 57. RoAPAC Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 58. RoAPAC Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 59. Brazil Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 60. Brazil Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 61. Brazil Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 62. Mexico Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 63. Mexico Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 64. Mexico Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 65. RoLA Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 66. RoLA Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 67. RoLA Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 68. Row Know Your Customer Software Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 69. Row Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 70. Row Know Your Customer Software Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 71. List of secondary sources, used in the study of global Know Your Customer Software Market
- TABLE 72. List of primary sources, used in the study of global Know Your Customer Software Market
- TABLE 73. Years considered for the study
- TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Know Your Customer Software Market, research methodology
- FIG 2. Global Know Your Customer Software Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Know Your Customer Software Market, key trends 2021
- FIG 5. Global Know Your Customer Software Market, growth prospects 2022-2029
- FIG 6. Global Know Your Customer Software Market, porters 5 force model
- FIG 7. Global Know Your Customer Software Market, pest analysis
- FIG 8. Global Know Your Customer Software Market, value chain analysis
- FIG 9. Global Know Your Customer Software Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Know Your Customer Software Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Know Your Customer Software Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Know Your Customer Software Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Know Your Customer Software Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Know Your Customer Software Market, regional snapshot 2019 & 2029
- FIG 15. North America Know Your Customer Software Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Know Your Customer Software Market 2019 & 2029 (USD Billion)
- FIG 17. Asia pacific Know Your Customer Software Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Know Your Customer Software Market 2019 & 2029 (USD Billion)
- FIG 19. Global Know Your Customer Software Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
