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Market Research Report
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1036886

Identity Verification (IDV) Market & Technology Analysis Adoption Strategies & Forecasts 2021-2026 (2nd edition)

Published: | Goode Intelligence | 215 Pages | Delivery time: 1-2 business days

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Identity Verification (IDV) Market & Technology Analysis Adoption Strategies & Forecasts 2021-2026 (2nd edition)
Published: October 14, 2021
Goode Intelligence
Content info: 215 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

The report is a comprehensive review of current global adoption, market analysis including key drivers and barriers for adoption, technology analysis and profiles of companies supplying products and services in this area along with detailed forecasts (regional and global) for identity verification checks (segmented into current important vertical sectors), biometric technology (face biometric and liveness detection checks) and revenue within the six-year period 2021 to 2026. The 215-page report features exclusive, in-depth interviews with leading stakeholders and organisations providing technology in this space including:

  • Daon
  • Entrust
  • FaceTec
  • GBG
  • Hooyu
  • IDEMIA
  • ID R&D (a Mitek company)
  • Innovalor (ReadID)
  • iProov
  • Meeco
  • Mobbeel
  • Persona
  • SecureKey
  • Signicat
  • Thales
  • TMT Analysis
  • Yoti

The report identifies key trends that are shaping the IDV market including:

  • The relationship between IDV and verified digital identity; the development of holistic, connected, identity services that support identity verification, verified digital identity issuance and management, authentication, and identity assurance.
  • The growing adoption of biometric authentication using the biometric captured during the IDV process
  • The growing importance of certified liveness detection checks
  • The growing use of verified digital identity for identity verification/proofing functions including re-proofing
  • The adoption of IDV for COVID-19 health passes

The report makes several key recommendations for IDV vendors and service providers including owning as much of the IP as possible, to provide a differentiator between competitors and to protect against a partner being acquired by a competitor, and extending into digital identity and verifiable credential services. Organisations Referenced in this Report: Acuant, Aer Lingus, Airbnb, Alaska Airlines, Apple, Applied Recognition, American Airlines, ARIADNEXT, Atom Bank, Aware, BBVA, Betfred, BlockFi, Boku, Brex, British Airways, b.well, Capitec Bank, Coursera, Daon, DIACC, DoorDash, EE, Entrust (WorldReach), ETSI, Eurostar, Experian, FaceTec, FIDO Alliance, GBG, Google, Gusto, HooYu, Hyatt Hotels, IATA, Iberia Airlines, iBeta, ICAO, IDEMIA, IDnow, IDology, ID-Pal, ID R&D, Innovalor, iProov, Japan Airlines, Jumio, Knab Bank, Mastercard, Meeco, Microblink, Mitek, Mobbeel, Monzo, Mox Bank, NatWest Bank, NCR, NIST, OCR Labs, Onfido, Pearson, Persona, Phronesis, PNC, Prove, Rabobank, Robinhood, Royal Air Maroc, SecureKey, Signicat, SmartPay, Socure, Sonder, Square, Standard Chartered Bank, Softbank, Sovrin Foundation, Sumitomo Mitsui Financial Group, Thales, ThedaCare, Thirdfort, Three, TMT Analysis, tru.ID, Truu, Trulioo, Veriff, Vodafone, World Economic Forum, Yoti.

Product Code: GIIDV02

Table of Contents

Forward

  • Goode Intelligence
  • Author
  • Goode Intelligence Methodology
  • Regional Definitions

Executive Summary

  • ES1: Report Scope
  • ES2: Market and Technology Analysis
    • ES2.1: Identity Verification Services Definition
      • ES2.1.1: Digital On-Boarding
    • ES2.2: Market Drivers and Barriers
      • ES2.2.1: Market Drivers
      • ES2.2.2: Market Barriers
    • ES2.3: Regulation
    • ES2.4: Technology and Market Adoption
      • ES2.4.1: Market Adoption and Analysis
        • ES2.4.1.1: Banking, Financial Services & Insurance (BFSI)
        • ES2.4.1.2: Government
        • ES2.4.1.3: eCommerce
        • ES2.4.1.4: Telecommunications
        • ES2.4.1.5: Gaming
        • ES2.4.1.6: Retail - Physical
        • ES2.4.1.7: Hospitality
        • ES2.4.1.8: Travel
        • ES2.4.1.9: Healthcare
    • ES2.5: Technology - Analysis and Vendors
      • ES2.5.1: Document (ID) Capture & Verification
      • ES2.5.2: Face Capture
      • ES2.5.3: Liveness Detection
      • ES2.5.4: Corroboration, Risk Management & Orchestration
        • ES2.5.4.1: Introduction
        • ES2.5.4.2: Identity Signals & Data
  • ES3: Forecasts
    • ES3.1: Methodology and Assumptions
    • ES3.2: Forecasts
      • ES3.2.1: Introduction
      • ES3.2.2: Identity Verification Forecasts - Per Check
      • ES3.2.3: Biometric Technology Forecasts - Identity Verification
      • ES3.2.4: Revenue Forecasts
        • ES3.2.4.1: Identity Verification Revenue Forecasts
        • ES3.2.4.2: Biometrics for Identity Verification Revenue Forecasts
  • ES4: Conclusion

Market and Technology Analysis

  • Introduction
    • Digital Identity Verification Services Definition
      • Digital On-Boarding
  • Market Drivers and Barriers
    • Market Drivers
    • Market Barriers
  • Regulation
    • Introduction
      • AML & KYC
        • EU Anti-Money Laundering Directive 5 (5MLD)
        • ETSI Specialist Task Force (STF) 588 - Identity Proofing for Trust Service Subjects
        • UK Good Practice Guide (GPG) 45
      • Government Digital Identity Initiatives
        • EU eIDAS
        • The Digital Identification and Authentication Council of Canada
    • Data Protection & Biometric Regulation
      • European Union (EU) General Data Protection Regulation (GDPR)
      • USA Data protection & Biometric Regulation
        • California
        • Illinois
        • New York
        • Texas
        • Washington
      • Asia-Pacific Data protection Regulation
        • Australia
        • Singapore
      • South America Data Protection Regulation
        • Brazil

Technology and Market Adoption

  • Market Adoption and Analysis
    • Banking, Financial Services & Insurance (BFSI)
      • Introduction
      • IDV Adoption Activity for BFSI
        • Europe - The Netherlands
        • China - Hong Kong
    • Government
      • Introduction
      • IDV Adoption Activity for Government
        • Europe - United Kingdom
        • Rest of APAC - New Zealand
      • eCommerce
      • Introduction & Adoption
    • Telecommunications
      • Introduction & Adoption
    • Gaming
      • Introduction
        • Europe - UK
    • Retail - Physical
      • Introduction
      • NCR integrates facial recognition into its "Fastlane" tills to support identity verification
    • Hospitality
      • Introduction
      • IDV for the 'Sharing Economy' Hospitality Sector
      • Hybrid IDV for Hospitality
    • Travel
      • Introduction
      • Travel IDV Adoption - Air Travel
      • Travel IDV Adoption - Train Travel
    • Healthcare
      • Introduction
      • Healthcare - Patient Identity Verification
      • Healthcare - Healthcare Workers Identity Verification
  • Technology - Analysis and Vendors
    • Introduction
      • Pricing Models
    • Document (ID) Capture & Verification
      • Introduction
      • Accuracy Rates with Document Capture and Verification
    • Document Capture & Verification Vendors
      • Daon
        • Interview with Clive Bourke, President - EMEA and APAC, Daon
      • Entrust
        • Interview with Gordon Wilson, Vice President and Global Lead Seamless Travel, Borders & Immigration and James LaPalme, VP & GM Identity Business Unit at Entrust
      • GBG
        • Interview with Laura Barrowcliff, Head of Strategy and David Thomas, Head of Product Identity at GBG
      • Thales
        • Interview with Michael Vlugt, Commercial Marketing Manager, Document Readers, and Hsin Hau Hanna, Identity & Biometrics Solutions at Thales Digital Identity & Security
      • IDEMIA
        • Interview with Ali Akbar, Director, Digital Business Strategy and Intelligence and Abishek Pandey, Business Strategy Manager at IDEMIA
      • Innovalor
        • Interview with Maarten Wegdam, CEO & Co-Founder and Wil Janssen, Co-Founder and CMO, Innovalor (Read ID)
      • Hooyu
        • Interview with Dave Pope, Marketing Director at Hooyu
      • Mitek
      • OnFido
      • Persona
        • Interview with Rick Song, Co-Founder and CEO of Persona
      • Yoti
        • Interview with Madhu Nori, Chief Product Officer and Global Commercial Director at Yoti
      • Facial Capture
        • Introduction
    • Facial Recognition
      • Device-Based (local) Face Biometric Models
        • Introduction
        • Merits and Disadvantages of Device Based Biometric Authentication
      • Cloud-Based Biometric Models
        • Introduction
        • Merits and Disadvantages of Cloud Based Biometric Authentication
    • Liveness and Spoof Detection - Presentation Attack Detection
    • Biometric Performance and Accuracy
    • Facial Recognition Vendors
      • Applied Recognition
      • FaceTec
        • Interview with John Wojewidka, VP Communications at FaceTec
      • ID R&D
        • Interview with Alexey Khitrov, CEO of ID R&D
      • iProov
        • Interview with Andrew Bud, CEO, iProov
      • Mobbeel
        • Interview with José Luis Huertas Fernández, CEO & Co-Founder, Mobbeel
    • Corroboration, Risk Management and Orchestration
      • Introduction
        • The case for continuous identity verification
      • Identity Signals and Data
      • Identity Signals, Data & Identity Vendors
        • Experian
        • Meeco
        • Phronesis
        • Signicat
        • Interview with John Erik Setsaas, VP of Identity & Innovation, Signicat
      • Socure
      • Trulioo
    • TMT Analysis
      • Interview with Neil Downing, VP of Products at TMT Analysis
  • Forecasts
    • Methodology and Assumptions
    • Identity Verification Forecasts
      • Introduction
      • Digital Identity Verification Forecasts - Per Check
        • Banking, Financial services & Insurance (BFSI) IdentityVerification Checks
        • Government Identity Verification Checks
        • eCommerce Identity Verification Checks
        • Telecommunications Identity Verification Checks
        • Gaming IdentityVerification Checks
        • Retail (Physical) Identity Verification Checks
        • Hospiatlity Identity Verification Checks
        • Travel Identity Verification Checks
        • Healthcare Identity Verification Checks
        • Total Identity Verification Checks
      • Biometric Technology Forecasts - Identity Verification
        • Face Biometric Checks for Identity Verification
        • Biometric Chip Reads (NFC) for Identity Verification
      • Identity Verification Revenue Forecasts
        • Assumptions on Revenue forecasts
        • BFSI Identity Verification Revenue Forecasts
        • Government Identity Verification Revenue Forecasts
        • eCommerce Identity Verification Revenue Forecasts
        • Telecommunications Identity Verification Revenue Forecasts
        • Gaming Identity Verification Revenue Forecasts
        • Physical Retail Identity Verification Revenue Forecasts
        • Hospitality Identity Verification Revenue Forecasts
        • Travel Identity Verification Revenue Forecasts
        • Healthcare Identity Verification Revenue Forecasts
        • Total Identity Verification Revenue Forecasts
        • Face Biometrics for Identity Verification Revenue Forecasts
        • Face Liveness Checks for Identity Verification Revenue Forecasts
        • Biometric Chip Reads for Identity Verification Revenue Forecasts