Identity Verification Market Size, Share, Growth, Trends and Forecast – 2027
According to a research report " Identity Verification Market Trends by Component (Solutions and Services), Type (Biometric and Non-Biometric), Organization Size, Deployment Mode, Application, Vertical (BFSI, Retail and eCommerce, and Gaming and Gambling) and Region - Global Forecast to 2027" published by MarketsandMarkets, the global market is projected to grow from USD 9.5 billion in 2022 to USD 18.6 billion by 2027, at a compound annual growth rate (CAGR) of 14.4% during the forecast period. Factors driving the market growth include increasing identity thefts and growing risks of fraudster access, stringent government regulations and mandates concerning privacy, and a rise in digitalization initiatives. By component, the services segment to grow with the highest CAGR during the forecast period The identity verification market is segmented into solutions and services on the basis of components. The services segment has the highest CAGR because of the incre...