Europe identity verification and authentication market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 17.1% in the forecast period of 2021 to 2028 and is expected to reach USD 21,269.02 million by 2028. High dependency on cloud Identity and Access Management solutions can act as a major factor for the market's growth.
Market research analysis data included in this report lend a hand to businesses for planning of strategies related to investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. What's more, Europe identity verification and authentication market report presents the data and information for actionable, most recent and real-time market insights which makes it easier to even take critical business decisions.
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Identity verification and authentication refers to the services and solutions used to verify the authenticity of a person's physical identity or documents such as a driver’s license, passport, or nationally issued identity document. Identity verification and authentication is an important process that ensures a person’s identity matches the one that is supposed to be. Identity verification and authentication solution and services ensure that a real person is operating behind a process and proves the one they claim to be, preventing false identities or committing fraud. Identity verification is an essential requirement in many business processes and procedures. Various methods for identity verification and authentication services include biometric identity, identity and access management (IAM) solutions, security assertion mark-up language authentication (SAML) solutions, and biometric authentication solutions. The verification of identity process can be carried out in many different ways depending on the channel and the way the verification. Identity verification and authentication services are used in many industries to provide complete security, to avoid fraud, financial crimes, and identity theft. One such way to avoid this can be deploying anti-money laundering solutions to improve customer experience and avoid costly fines and other benefits.
Market Scope and Size:
Europe identity verification and authentication market is segmented on the basis of component, type, deployment mode, organization size, and vertical. The growth among segments helps you analyze 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 Europe identity verification and authentication market is segmented into solution and services. In 2021, the solution segment held a larger share in the identity verification and authentication market owing to factors such as the shift toward digital transformation by various industries mostly financial sectors, increasing need to fight against data breaches and fraudulent activities.
• On the basis of type, the Europe identity verification and authentication market has been segmented into non-biometrics and biometrics. In 2021, the biometrics segment held a larger share in the identity verification and authentication market due to increasing smartphone penetration in merging countries and developed countries and growing demand for NFC technologies.
• On the basis of deployment mode, the Europe identity verification and authentication market has been segmented into on-premise and cloud. In 2021, the cloud segment held a larger share in the identity verification and authentication market. Cloud-based identity verification and authentication solutions is gaining popularity among government and defense agencies.
Country Level Analysis:
The countries covered in the Europe identity verification and authentication market report are the U.K., Germany, France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, and rest of Europe in Europe.
• LexisNexis Risk Solutions Group
• TransUnion LLC
• Equifax Inc.
• Experian Information Solutions Inc.
• Acuant Inc.
• Finansiell ID-Teknik BID AB
• GB Group plc
• IDkollen i Sverige AB
• Mitek Systems
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TABLE OF CONTENTS:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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