The global identity verification market is segmented on the basis of region into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Amongst the market in these regions, the market in North America generated the largest revenue of USD 2855.35 Million in the year 2020 and is further expected to touch USD 12661.67 Million by the end of 2030. The market in the region is further segmented by country into the United States and Canada. Out of these, the market in the United States is anticipated to attain the largest market revenue by the end of 2030, while the market in Canada is projected to grow with the highest CAGR of 17.24% during the forecast period.
Research Nester has released a report titled “Identity Verification Market: Global Demand Analysis & Opportunity Outlook 2030″ which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
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The global identity verification market is anticipated to grow with a CAGR of 16.32% over the forecast period, i.e., 2021 – 2030. The market is estimated to garner a revenue of USD 33189.19 Million by the end of 2030, up from a revenue of USD 7632.60 Million in the year 2020. The market is segmented by end-user industry into BFSI, government & defense, retail, healthcare, IT & telecom, entertainment & gaming, transportation, logistics, & mobility, energy & utility, hospitality, and others, out of which, the BFSI segment is anticipated to register the largest revenue of USD 9852.40 Million by the end of 2030, up from a revenue of USD 2180.38 Million in the year 2020.
Geographically, the global identity verification market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Amongst these, by the end of 2030, the market in North America region is anticipated to register the largest revenue of USD 12661.67 Million, up from a revenue of USD 2855.35 Million in the year 2020.
However, the high cost of deployment is one of the major factors predicted to hinder the market growth in the coming years.
This report also provides the existing competitive scenario of some of the key players of the global identity verification market, which includes company profiling of Experian plc, Mastercard International Incorporated, Equifax, Inc., Mitek Systems, Inc., LexisNexis Risk Solutions Group, Acuant, Inc., Onfido, Liquid Inc., Intellicheck, Inc., IDEMIA, and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Identity Verification Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global identity verification industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global identity verification market in the near future.
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