Global Identity Verification Market 2023-2027

Description

List of Tables

The identity verification market is forecasted to grow by USD 10813.97 mn during 2022-2027, accelerating at a CAGR of 16.18% during the forecast period. The report on the identity verification market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in digitalization with electronic ID cards (EID) and smart infrastructure initiatives, increase in data thefts across the world, and need to comply with regulatory requirements for data protection.

Technavio's identity verification market is segmented as below:

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	15%
CAGR	16.18%
Incremental Value	$10813.97mn

By Component

Solutions
Services

By Type

Large enterprises
Small and medium sized enterprises (SMEs)

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the increasing adoption of bring your own device (BYOD) among enterprises as one of the prime reasons driving the identity verification market growth during the next few years. Also, the increasing use of identity verification in the financial services industry and strategic initiatives by vendors in the global identity verification market will lead to sizable demand in the market.

The report on the identity verification market covers the following areas:

Identity verification market sizing
Identity verification market forecast
Identity verification market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading identity verification market vendors that include Applied Recognition Corp., Authenteq Tarbena GmbH, Equifax Inc., Experian Plc, GB Group plc, ID Merit, Intellicheck Inc., Jumio Corp., Khosla Labs Pvt. Ltd., Mastercard Inc., Mitek Systems Inc., NortonLifeLock Inc., Onfido, PXL Vision AG, RELX Plc, Shufti Pro Ltd., Thales Group, TransUnion, UAB Identifikaciniai Projektai, and WebID Solutions GmbH. Also, the identity verification market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR73077

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Component
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global identity verification market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global identity verification market 2017 - 2021 ($ million)
4.2 Component Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Component Segment 2017 - 2021 ($ million)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

6.1 Market segments
Exhibit 30: Chart on Component - Market share 2022-2027 (%)
Exhibit 31: Data Table on Component - Market share 2022-2027 (%)
6.2 Comparison by Component
Exhibit 32: Chart on Comparison by Component
Exhibit 33: Data Table on Comparison by Component
6.3 Solutions - Market size and forecast 2022-2027
Exhibit 34: Chart on Solutions - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Solutions - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Solutions - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Solutions - Year-over-year growth 2022-2027 (%)
6.4 Services - Market size and forecast 2022-2027
Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Component
Exhibit 42: Market opportunity by Component ($ million)
Exhibit 43: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 44: Chart on Type - Market share 2022-2027 (%)
Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 Large enterprises - Market size and forecast 2022-2027
Exhibit 48: Chart on Large enterprises - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Large enterprises - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)
7.4 Small and medium sized enterprises (SMEs) - Market size and forecast 2022-2027
Exhibit 52: Chart on Small and medium sized enterprises (SMEs) - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Small and medium sized enterprises (SMEs) - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Small and medium sized enterprises (SMEs) - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Small and medium sized enterprises (SMEs) - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 56: Market opportunity by Type ($ million)
Exhibit 57: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 APAC - Market size and forecast 2022-2027
Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Australia - Market size and forecast 2022-2027
Exhibit 87: Chart on Australia - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on Australia - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on Australia - Year-over-year growth 2022-2027 (%)
9.10 UK - Market size and forecast 2022-2027
Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.11 Canada - Market size and forecast 2022-2027
Exhibit 95: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.12 Germany - Market size and forecast 2022-2027
Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ million)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Equifax Inc.
Exhibit 111: Equifax Inc. - Overview
Exhibit 112: Equifax Inc. - Business segments
Exhibit 113: Equifax Inc. - Key news
Exhibit 114: Equifax Inc. - Key offerings
Exhibit 115: Equifax Inc. - Segment focus
12.4 Experian Plc
Exhibit 116: Experian Plc - Overview
Exhibit 117: Experian Plc - Business segments
Exhibit 118: Experian Plc - Key offerings
Exhibit 119: Experian Plc - Segment focus
12.5 GB Group plc
Exhibit 120: GB Group plc - Overview
Exhibit 121: GB Group plc - Business segments
Exhibit 122: GB Group plc - Key news
Exhibit 123: GB Group plc - Key offerings
Exhibit 124: GB Group plc - Segment focus
12.6 ID Merit
Exhibit 125: ID Merit - Overview
Exhibit 126: ID Merit - Key offerings
12.7 Intellicheck Inc.
Exhibit 127: Intellicheck Inc. - Overview
Exhibit 128: Intellicheck Inc. - Product / Service
Exhibit 129: Intellicheck Inc. - Key news
Exhibit 130: Intellicheck Inc. - Key offerings
12.8 Jumio Corp.
Exhibit 131: Jumio Corp. - Overview
Exhibit 132: Jumio Corp. - Product / Service
Exhibit 133: Jumio Corp. - Key news
Exhibit 134: Jumio Corp. - Key offerings
12.9 Mastercard Inc.
Exhibit 135: Mastercard Inc. - Overview
Exhibit 136: Mastercard Inc. - Product / Service
Exhibit 137: Mastercard Inc. - Key news
Exhibit 138: Mastercard Inc. - Key offerings
12.10 Mitek Systems Inc.
Exhibit 139: Mitek Systems Inc. - Overview
Exhibit 140: Mitek Systems Inc. - Product / Service
Exhibit 141: Mitek Systems Inc. - Key news
Exhibit 142: Mitek Systems Inc. - Key offerings
12.11 Onfido
Exhibit 143: Onfido - Overview
Exhibit 144: Onfido - Product / Service
Exhibit 145: Onfido - Key offerings
12.12 PXL Vision AG
Exhibit 146: PXL Vision AG - Overview
Exhibit 147: PXL Vision AG - Key offerings
12.13 RELX Plc
Exhibit 148: RELX Plc - Overview
Exhibit 149: RELX Plc - Business segments
Exhibit 150: RELX Plc - Key offerings
Exhibit 151: RELX Plc - Segment focus
12.14 Shufti Pro Ltd.
Exhibit 152: Shufti Pro Ltd. - Overview
Exhibit 153: Shufti Pro Ltd. - Key offerings
12.15 Thales Group
Exhibit 154: Thales Group - Overview
Exhibit 155: Thales Group - Business segments
Exhibit 156: Thales Group - Key news
Exhibit 157: Thales Group - Key offerings
Exhibit 158: Thales Group - Segment focus
12.16 UAB Identifikaciniai Projektai
Exhibit 159: UAB Identifikaciniai Projektai - Overview
Exhibit 160: UAB Identifikaciniai Projektai - Key offerings
12.17 WebID Solutions GmbH
Exhibit 161: WebID Solutions GmbH - Overview
Exhibit 162: WebID Solutions GmbH - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist
Exhibit 164: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 165: Currency conversion rates for US$
13.4 Research methodology
Exhibit 166: Research methodology
Exhibit 167: Validation techniques employed for market sizing
Exhibit 168: Information sources
13.5 List of abbreviations
Exhibit 169: List of abbreviations