Global Digital Identity Verification Market Report 2023-28: Size, Share

Name: Fintech & Payments - Digital Identity Verification Market
Brand: Juniper Research
SKU: DIV22 FRS
Price: 2990.000000000 GBP
Availability: InStock

Report Overview

Juniper Research’s new Digital Identity Verification report presents an independent analysis of the landscape and future development of this important market. It provides a comprehensive study of the growth of digital identity verification, as well as the opportunities and challenges it presents. The research includes assessments of different types of authentication and verification in use, and their future prospects, as well as analysis of the future use of AI (Artificial Intelligence) within the market.

The report positions 20 vendors via the Juniper Competition Leaderboard; delivering an invaluable resource for stakeholders seeking to understand the complex landscape of this market, and the different digital identity verification solutions available.

This research presents a comprehensive market forecast; providing extensive insights and actionable data across the below areas, split by 8 key regions and 60 countries:

Volume of Digital Identity Verification Checks
Value of Digital Identity Verification Checks
Average Cost of Digital Identity Verification per Check

The metrics are split across the following key segments:

Banking
eGovernment
eCommerce
Other

The research suite includes:

Market Trends & Strategies (PDF)
Competitor Leaderboard (PDF)
Data & Forecasts (PDF & Excel)
12 Month Access to harvest Online Data Platform

Key Market Statistics
Volume of Verification Checks in 2023:	61bn
Volume of Verification Checks in 2024:	71bn
Total Growth 2023 to 2024:	16%

Buy Full Research Suite - Immediate access to all the above only £2990.

Key Features

Market Landscape, Segment Analysis, Verification Types: Provides an in-depth analysis of the landscape and the key trends shaping it, such as AI and ML (machine learning) use in authentication, and a growing number of different verification strategies. It also looks at industry-specific needs and opportunities in its segment analysis, as well as including a breakdown of the predominant and emerging verification methods, such as facial recognition, and how digital identity verification must combat identity theft while maintaining user experience.
Key Takeaways & Strategic Recommendations: Key opportunities for digital identity verification providers are highlighted, and recommendations on how those providers must respond to take advantage of these. The key market trends are also analysed, making this section a must-read for digital identity verification providers, and for businesses requiring the checks.
Benchmark Industry Forecasts: 5-year forecasts are provided for the number of, total value of, and average cost of digital identity verification checks. These are split by banking, eGovernment, eCommerce and other, which are split between checks carried out on mobile devices and online. The data is also split by 8 key regions and 60 countries:
- North America:
  - Canada, US
- Latin America:
  - Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay
- West Europe:
  - Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK
- Central & East Europe:
  - Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine
- Far East & China:
  - China, Hong Kong, Japan, South Korea
- Indian Subcontinent:
  - Bangladesh, India, Nepal, Pakistan
- Rest of Asia Pacific:
  - Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam
- Africa & Middle East
  - Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates
Juniper Research Competitor Leaderboard: Key player capability assessment of 20 digital identity verification providers, via the Juniper Research Competitor Leaderboard:
- Callsign
- Entrust
- Experian
- G+D
- GBG
- IDEMIA
- iProov
- Jumio
- KYC-Chain
- LexisNexis Risk Solutions
- Microsoft
- Onfido
- Ping Identity
- SecureKey Technologies
- Signicat
- Socure
- Subex
- Thales
- Trulioo
- Veriff

Key Questions Answered

How will the industry develop over the next five years?
How much will the total spend on digital identity verification be in 2028?
What role does digital identity verification have to play in the provision of government services?
What role does digital identity verification have to play in access management?
How will changing consumer habits and expectations change the use cases of digital idenity verification?

Companies Referenced

Data & Interactive Forecast

The forecast has several key splits, giving an extensive coverage of the quickly developing market:

Banking
eGovernment
eCommerce
Other

Geographic split: 60 countries
Number of tables: 180
Number of Datapoints: 82,000
harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform; enabling clients to better understand key data trends and manipulate charts and tables; overlaying different forecasts within the one chart – using the comparison tool. Empower your business with our market intelligence centre, and receive alerts whenever your data is updated.
Interactive Excel (IFxL): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the interactive scenario tool and compare selected markets side by side in custom charts and tables. IFxls greatly increase a client’s ability to both understand a particular market and to integrate their own views into the model.

Forecast Summary

Reports

Date

Price

Full Research Suite

Market trends, strategies and forecasts report (pdf)
Market data & forecasts - All topic data and interactivity (xls)
harvest market data platform (12 months’ online access) - find out more

Click here for more information and purchase options

Aug 2022

$3708

€3487

£2990

Full Research Suite

Market trends, strategies and forecasts report (pdf)
Market data & forecasts - All topic data and interactivity (xls)
harvest market data platform (12 months’ online access) - find out more

Click here for more information and purchase options

Aug 2022

$3708

€3487

£2990

Research FAQs

What is digital identity verification?

Why is digital identity verification important?

What growth has been seen in the digital identity market?

Research Details

Publisher:

Juniper Research

Published:

02/10/2023

Author(s):

Michael Greenwood

Category:

Fintech & Payments

Regions:

8 Key Regions - includes North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific and Africa & Middle East

Countries:

Algeria, Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kenya, South Korea, Kuwait, Malaysia, Mexico, Nepal, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Arab Emirates, UK, USA, Vietnam

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