Asia-Pacific Identity Verification Market is expected to undergo a CAGR of 14.1% during the forecast period 2021 to 2028.

Market Analysis and Insights Asia-Pacific Identity Verification Market

Identity verification refers to the services and solutions which are used to verify the authenticity of physical identity of a person or their documents such as a driver’s license, passport or a nationally issued identity document and others. Identity verification is an important process which ensures a person’s identity matches the one that is supposed to be.

The rising fraudulent activities and identity theft, creates a need to adopt identity verification solutions and acts as a major driving factor for the growth of the identity verification market. Identity verification service requires high implementation cost due to which small and medium enterprises hardly afford for their business lines which is restraining the identity verification market growth. Increasing usage of BYOD ultimately increases the adoption of identity verification solutions and acts as an opportunity for identity verification market growth. Identity verification deals with numerous varieties of ID documents and it became so difficult to maintain these numerous documents and hence acts as a major challenge for the growth of identity verification market

This identity verification market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market.

Asia-Pacific Identity Verification Market Scope

The identity verification market is segmented on the basis of component, type, deployment mode, organization size and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

·       On the basis of component, the identity verification market is segmented into solution and services. In 2021, solution segment held larger share in the identity verification market owing to factors such as shift toward digital transformation by various industries, increasing need to fight against data breach and fraud, surging government support toward data protection laws and regulations, requisite to fulfil KYC and AML compliance and easy on boarding of customers as well as employees.

·       On the basis of type, the identity verification market has been segmented into non-biometrics and biometrics. In 2021, biometrics segment held larger share in the identity verification market due to factors such as increasing smartphone penetration in merging countries and growing use of fingerprint identification, increased security of protected data, improved authentication security to combat new threats, surging dependency on digital technologies, enhanced customer satisfaction and rising trend for contactless biometric solutions.

·       On the basis of deployment mode, the identity verification market has been segmented into on-premise and cloud. In 2021, on-premise segment held larger share in the identity verification market as government and defense sector along various financial institutions prefer to use on-premise identity solutions, due to security policy restrictions, data sharing and availability of budget to invest in infrastructure.

·       On the basis of organization size, the identity verification market has been segmented into large enterprises and SME’s. In 2021, large enterprises segment held larger share in the identity verification market due to factors such as protection against increased cases of money laundering, data breach, identity theft, secured processing of high risk transactions, mandatory compliant to different regulations and protected digital payments.

Get the sample copy of Report here: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=asia-pacific-identity-verification-market  

Asia-Pacific Identity Verification Market Country Level Analysis

The countries covered in Asia-Pacific identity verification market report are China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines and rest of Asia-Pacific. 

China is dominating in the Asia-Pacific identity verification market owing to surging adoption of biometric identity verification solutions, strong focus towards security and identity thefts and high adoption of digital identity services by organizations.

Competitive Landscape and Asia-Pacific Identity Verification Market Share Analysis

The Asia-Pacific Identity Verification Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Asia-Pacific Identity Verification Market.

 Key Players Asia-Pacific Identity Verification Market

• Experian Information Solutions Inc. (a subsidiary of Experian plc)
• LexisNexis Risk Solutions Group
• Thales Group
• AccuraTechnolabs
• GB Group plc ('GBG')
• Precise Biometrics AB
• IDEMIA
• Equifax Inc.
• Jumio
• TransUnion LLC
• Onfido
• ForgeRock
• Okta

Get Full Access of Report @

https://www.databridgemarketresearch.com/reports/asia-pacific-identity-verification-market  

MAJOR TOC OF THE REPORT

• Chapter One: Introduction
• Chapter Two: Market Segmentation
• Chapter Three: Market Overview
• Chapter Four: Executive Summary
• Chapter Five: Premium Insights
• Chapter Six: Global Asia-Pacific Identity Verification Market by Product & Procedure type

Get TOC Details:

https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-identity-verification-market

BROWSE RELATED REPORTS

Global

Europe

Middle East And Africa

North America

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

Contact:

Data Bridge Market Research

Tel: +1-888-387-2818

Email: [email protected]