Global Identity Verification Market (2020 to 2026) – Industry Analysis and Forecast>
Globe Newswire
Dublin, Jan. 13, 2021 (GLOBE NEWSWIRE) — The “Global Identity Verification Market By Component, By Type, By Enterprise Size, By Deployment Type, By End User, By Region, Industry Analysis and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering. The Global Identity Verification Market size is expected to reach $17.8 billion by 2026, rising at a market growth of 13.4% CAGR during the forecast period. Identity Verification provides security solutions in order to make sure the unique authentication and identity verification of an individual. The security solutions are comprised of real-time physical documents including voice recognition devices, artificial intelligence biometrics, and several others. The use of this system reduces unauthorized and hostile access requests. It usually finds its application in the defense, IT security operation centers, and military sectors. The major factors driving the identity verification market include growing digitization initiatives, identity theft, an increase in fraudulent activities from the past decade, and an increase in the use of digital identities among verticals. Furthermore, governments and enterprises have also taken many initiatives to focus on digitalization and adoption of new technologies, like ML, AI, and automation in identity verification solutions and this will provide lucrative opportunities for vendors of identity verification.
Link: https://www.globenewswire.com/news-release/2021/01/13/2157830/0/en/Global-Identity-Verification-Market-2020-to-2026-Industry-Analysis-and-Forecast.html