PUBLISHER: Value Market Research | PRODUCT CODE: 1402088
PUBLISHER: Value Market Research | PRODUCT CODE: 1402088
The global demand for E-KYB Market is presumed to reach the market size of nearly USD 810.16 MN by 2030 from USD 259.56 MN in 2022 with a CAGR of 15.29% under the study period 2023 - 2030.
E-KYB, known as Electronic Know Your Business, refers to a digital platform or system utilized for the electronic verification of business entities. It aids in the verification and authentication of business-related information, allowing entities or organizations to digitally confirm the identities of their business partners, clients, or associates.
The E-KYB market experiences growth due to several pivotal factors shaping its adoption across industries. Stringent regulatory requirements, especially in finance, compel organizations to seek efficient KYB solutions for compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. These platforms aid in due diligence, verifying business entities to ensure adherence to regulatory standards. Rising instances of financial crimes and fraud drive the need for robust identity verification tools. E-KYB systems offer a digital solution that aligns with the ongoing digital transformation initiatives in businesses, facilitating streamlined, paperless, and efficient verification processes. Enhanced due diligence requirements, globalization, and the surge in cross-border transactions necessitate standardized and automated methods for verifying international business entities, further driving the adoption of E-KYB solutions. Technological advancements in AI, machine learning, and data analytics enhance the accuracy and capabilities of these platforms, ensuring reliable verification. Ultimately, the E-KYB market's growth reflects the increasing demand for digital, automated, and reliable solutions to support compliance, mitigate risks, and streamline business operations in an ever-evolving regulatory landscape.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of e-kyb. The growth and trends of e-kyb industry provide a holistic approach to this study.
This section of the e-kyb market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the E-KYB market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the E-KYB market include LexisNexis Risk Solutions, Mitek Systems, Thomson Reuters, Dun & Bradstreet, Refinitiv, Signzy, Dow Jones Risk & Compliance, Jumio, Experian, NICE Actimize, Accuity, Trulioo, Compliance.ai, Cognizant, GBG (Global Banking Group), and others.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.