Title: Identity Verification And Authentication Market Size, Share, Demand Outlook 2033
1Identity Verification And Authentication Global
Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
2Identity Verification And Authentication Market
Segments
The Business Research Company segments its
Identity Verification And Authentication market
report as
Non-Biometrics, Biometrics
By Type
By Component
Solutions, Services
By Deployment
On-Premise, Cloud
By Deployment
Credit Card Fraud, Bank Fraud, Phone or Utility
Fraud, Employment or Tax-related Fraud
By Deployment
Banking Financial Services And Insurance (BFSI),
Government And Defense, Energy And Utilities,
Retail And Ecommerce, IT And Telecom, Healthcare,
Gaming, Other Verticals
3Market Statistics
The identity verification and authentication
market size has grown rapidly in recent years. It
will grow from 11.63 billion in 2023 to 13.52
billion in 2024 at a compound annual growth rate
(CAGR) of 16.3. The identity verification and
authentication market size is expected to see
rapid growth in the next few years. It will grow
to 24.46 billion in 2028 at a compound annual
growth rate (CAGR) of 15.9.
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4Key Market Drivers And Trends
Drivers
The rapid rise in identity theft cases and cyber
attacks is expected to propel the growth of the
identity verification and authentication market
going forward.
Trends
Major companies operating in the identity
verification and authentication market are
focusing on developing innovative solutions, such
as SaaS-based platforms, for identity proofing
and authentication.
Region
North America was the largest region in the
identity verification and authentication market
in 2023. The regions covered in the identity
verification and authentication market report are
Asia-Pacific, Western Europe, Eastern Europe,
North America, South America, Middle East,
Africa.
5Key Market Players
- Major players in the Identity Verification And
Authentication market are - IDEMIA
- Nuance Communications Inc
- Okta Inc
- Ping Identity Corporation
- One Span Inc
- And more.
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