Europe Identity Verification Market to 2027 - Regional Analysis and Forecasts By Component (Solution and Service), Deployment (On-premise and Cloud), Organization Size (Small & Medium Enterprises and Large Enterprises), End-user (BFSI, Government, Healthcare, IT & Telecom, Retail, and Others)
Europe identity verification market is expected to grow from US$ 1.46 Bn in 2018 to US$ 4.40 Bn by the year 2027. This represents a CAGR of 13.3% from the year 2018 to 2027.
Over the years, the financial regulators have intensified their focus on monitoring of fraud activities, which also includes a thrust for the financial institutes to adopt suitable security solutions. Furthermore, in the coming years, the regulators are expected to expect from the firms to be able to show not only that they are capable of functioning the system appropriately but also prove that their systems are efficient enough. In the coming years, the emergence of secure transaction platforms enabling the financial institutions to configure a range of monitoring scenarios, performing efficient data analysis and filter out the genuine suspicious activities from the other false positives are expected to gain significant traction in the market. This, in response, is expected to bolster the demand for identity verification solutions. These versatile benefits are expected to drive the market growth of identity verification market.
Currently, the U.K is dominating the identity verification market due to the technological advancements and increasing security concerns. United Kingdom (UK) economy is a market-orientated and highly developed. In terms of nominal GDP, the UK is the world’s fifth-largest national economy and Europe’s second-largest after Germany. The service sector contributes close to 80% of its GDP with financial services is one of the most important sectors. The UK is also a member of the European Union, the Commonwealth, G7, G20, and IMF among many others. Currently, the UK has by far the strongest ecosystem for the adoption and growth of advanced technologies such as artificial intelligence and blockchain. The capital of UK, London, is the most preferred hub for AI and machine learning companies. Due to the evolving digital ecosystem, the demand for the secure business transaction is increasing at a fast pace. Owing to these factors, the future of identity verification solutions looks promising in the UK. Also, the presence of many innovation/research centers for Artificial Intelligence has enabled the country to get charted among one of the world’s promising markets for the development of AI-based identity verification solutions. The banking industry is one of the key adopters of identity verification solutions, and it is expected to drive the future market growth of identity verification market during the forecast period of 2019 to 2027. The figure given below highlights the revenue share of the Rest of Europe in the Europe identity verification market in the forecast period:
EUROPE IDENTITY VERIFICATION MARKET - SEGMENTATION
Europe Identity Verification Market by Component
- Solution
- Services
Europe Identity Verification Market by Deployment
- On-Premise
- Cloud
Europe Identity Verification Market by Organization Size
- SMEs
- Large Enterprises
Europe Identity Verification Market by End-User
- BFSI
- Government & Defense
- Healthcare
- IT & Telecom
- Retail
- Others
Europe Identity Verification Market by Country
- UK
- Germany
- France
- Italy
- Russia
- Rest of Europe
Companies Mentioned
- ACUANT, INC.
- AUTHENTEQ
- GEMALTO N.V. (THALES GROUP)
- IDEMIA
- MITEK SYSTEMS, INC.
- EXPERIAN INFORMATION SOLUTIONS, INC.
- JUMIO
- LEXISNEXIS
- ONFIDO
- TRULIOO
1. Introduction
1.1 Scope of The Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Identity Verification Market – By Component
1.3.2 Europe Identity Verification Market – By Deployment
1.3.3 Europe Identity Verification Market – By Organisation Size
1.3.4 Europe Identity Verification Market – By End-User
1.3.5 Europe Identity Verification Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Identity Verification Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 Identity Verification Market – Europe PEST Analysis
5. Europe Identity Verification Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Growing Adoption of Security Solutions Due to Increasing Number of Cyber-Attacks to Have a Positive Impact on the Market Growth
5.1.2 Increased Focus of BFSI Sector on Secure Transaction
5.2 Restraints
5.2.1 Data Privacy and Security Concerns
5.3 Opportunities
5.3.1 Small and Medium Enterprises Offer Future Growth Opportunity
5.4 Future Trends
5.4.1 Integration of AI and Other Advanced Technologies for Alerting and Pattern Based Monitoring
5.5 Impact Analysis of Driver and Restraint
6. Europe Identity Verification –Market Analysis
6.1 Europe Identity Verification Market Overview
6.2 Europe Identity Verification Market Forecast and Analysis
7. Europe Identity Verification Market Analysis – By Component
7.1 Overview
7.2 Europe Identity Verification Market Breakdown, By Component, 2018 & 2027
7.3 Solutions Market
7.3.1 Overview
7.3.2 Solutions Market Forecast and Analysis
7.4 Services Market
7.4.1 Overview
7.4.2 Services Market Forecast and Analysis
8. Europe Identity Verification Market Analysis–By End User
8.1 Overview
8.2 Europe Identity Verification Market Breakdown, By End Users, 2018 & 2027
8.3 BFSI Market
8.3.1 Overview
8.3.2 BFSI Market Forecast and Analysis
8.4 Government Market
8.4.1 Overview
8.4.2 Government Market Forecast and Analysis
8.5 Retail Market
8.5.1 Overview
8.5.2 Retail Market Forecast and Analysis
8.6 Healthcare Market
8.6.1 Overview
8.6.2 Healthcare Market Forecast and Analysis
8.7 IT and Telecom Market
8.7.1 Overview
8.7.2 IT and Telecom Market Forecast and Analysis
8.8 Others Market
8.8.1 Overview
8.8.2 Others Market Forecast and Analysis
9. Europe Identity Verification Market Analysis – By Organisation Size
9.1 Overview
9.2 Europe Identity Verification Market Breakdown, By Organisation Size, 2018 & 2027
9.3 Small & Medium Enterprises
9.3.1 Overview
9.3.2 Small & Medium Enterprises Market Forecasts and Analysis
9.4 Large Enterprises
9.4.1 Overview
9.4.2 Europe Large Enterprises Market Forecasts and Analysis
10. Europe Identity Verification Market Analysis – By Deployment
10.1 Overview
10.2 Europe Identity Verification Market Breakdown, By Deployment, 2018 & 2027
10.3 Cloud- Based Deployment
10.3.1 Overview
10.3.2 Cloud-Based Deployment Market Forecasts and Analysis
10.4 On-Premise Deployment
10.4.1 Overview
10.4.2 On-Premise Deployment Market Forecasts and Analysis
11. Europe Identity Verification Market – Country Analysis
11.1 Overview
11.1.1 Europe Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.2 Europe Identity Verification Market Breakdown, By Key Countries
11.1.2.1 Germany identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.1.2.1.1 Germany Identity Verification Market Breakdown by Component
11.1.2.1.2 Germany Identity Verification Market Breakdown by Deployment
11.1.2.1.3 Germany Identity Verification Market Breakdown by Organization Size
11.1.2.1.4 Germany Identity Verification Market Breakdown by End User
11.1.2.2 UK identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.1.2.2.1 UK Identity Verification Market Breakdown by Component
11.1.2.2.2 UK Identity Verification Market Breakdown by Deployment
11.1.2.2.3 UK Identity Verification Market Breakdown by Organization Size
11.1.2.2.4 UK Identity Verification Market Breakdown by End User
11.1.2.3 France identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.1.2.3.1 France Identity Verification Market Breakdown by Component
11.1.2.3.2 France Identity Verification Market Breakdown by Deployment
11.1.2.3.3 France Identity Verification Market Breakdown by Organization Size
11.1.2.3.4 France Identity Verification Market Breakdown by End User
11.1.2.4 Italy identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.1.2.4.1 Italy Identity Verification Market Breakdown by Component
11.1.2.4.2 Italy Identity Verification Market Breakdown by Deployment
11.1.2.4.3 Italy Identity Verification Market Breakdown by Organization Size
11.1.2.4.4 Italy Identity Verification Market Breakdown by End User
11.1.2.5 Russia identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.1.2.5.1 Russia Identity Verification Market Breakdown by Component
11.1.2.5.2 Russia Identity Verification Market Breakdown by Deployment
11.1.2.5.3 Russia Identity Verification Market Breakdown by Organization Size
11.1.2.5.4 Russia Identity Verification Market Breakdown by End User
11.1.2.6 Rest of Europe identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.1.2.6.1 Rest of Europe Identity Verification Market Breakdown by Component
11.1.2.6.2 Rest of Europe Identity Verification Market Breakdown by Deployment
11.1.2.6.3 Rest of Europe Identity Verification Market Breakdown by Organization Size
11.1.2.6.4 Rest of Europe Identity Verification Market Breakdown by End User
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 Acuant, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 Swot Analysis
13.1.6 Key Developments
13.2 Authenteq
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 Swot Analysis
13.2.6 Key Developments
13.3 Experian plc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Gemalto N.V. (Thales Group)
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 IDEMIA
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Product and Services
13.5.4 Financial Overview
13.5.5 Swot Analysis
13.5.6 Key Developments
13.6 Jumio Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Swot Analysis
13.6.5 Key Developments
13.7 LexisNexis
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 SWOT Analysis
13.7.5 Key Developments
13.8 Mitek Systems, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Onfido
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 SWOT Analysis
13.9.5 Key Developments
13.10 Trulioo
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Swot Analysis
13.10.5 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
14.3 Methodology
14.3.1 Coverage
14.3.2 Secondary Research
14.3.3 Primary Research
LIST OF TABLES
Table 1. Europe Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Europe Identity Verification Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 3. Europe Identity Verification Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 4. Europe Identity Verification Market Revenue and Forecasts to 2027 – By Organization Size (US$ Mn)
Table 5. Europe Identity Verification Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)
Table 6. Germany Identity Verification Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 7. Germany Identity Verification Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)
Table 8. Germany Identity Verification Market Revenue and Forecasts to 2027 – By Organization Size (US$ Mn)
Table 9. Germany Identity Verification Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 10. UK Identity Verification Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 11. UK Identity Verification Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)
Table 12. UK Identity Verification Market Revenue and Forecasts to 2027 – By Organization Size (US$ Mn)
Table 13. UK Identity Verification Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 14. France Identity Verification Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 15. France Identity Verification Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)
Table 16. France Identity Verification Market Revenue and Forecasts to 2027 – By Organization Size (US$ Mn)
Table 17. France Identity Verification Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 18. Italy Identity Verification Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 19. Italy Identity Verification Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)
Table 20. Italy Identity Verification Market Revenue and Forecasts to 2027 – By Organization Size (US$ Mn)
Table 21. Italy Identity Verification Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 22. Russia Identity Verification Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 23. Russia Identity Verification Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)
Table 24. Russia Identity Verification Market Revenue and Forecasts to 2027 – By Organization Size (US$ Mn)
Table 25. Russia Identity Verification Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 26. Rest of Europe Identity Verification Market Revenue and Forecasts to 2027 – By Component (US$ Mn)
Table 27. Rest of Europe Identity Verification Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)
Table 28. Rest of Europe Identity Verification Market Revenue and Forecasts to 2027 – By Organization Size (US$ Mn)
Table 29. Rest of Europe Identity Verification Market Revenue and Forecasts to 2027 – By End User (US$ Mn)
Table 30. Glossary of Terms, Europe Identity Verification Market
LIST OF FIGURES
Figure 1. Europe Identity Verification Market Segmentation
Figure 2. Europe Identity Verification Market Segmentation – By Region
Figure 3. U.K Identity Verification Market , Revenue forecast, (2018 – 2027) (Mn)
Figure 4. Identity Verification – Ecosystem Analysis
Figure 5. Europe- PEST Analysis
Figure 6. Impact Analysis of Driver and Restraint
Figure 7. Europe Identity Verification Market Forecast and Analysis, (Us$ Mn)
Figure 8. Europe Identity Verification Market Breakdown, By Component, 2017 & 2027 (%)
Figure 9. Europe Solutions Market Revenue and Forecasts to 2027(US$ Mn)
Figure 10. Europe Services Market Revenue and Forecasts to 2027(US$ Mn)
Figure 11. Europe Identity Verification Market Breakdown, By End Users, 2018 & 2027 (%)
Figure 12. Europe BFSI Market Revenue and Forecasts to 2027(US$ Mn)
Figure 13. Europe Government Market Revenue and Forecasts to 2027(US$ Mn)
Figure 14. Europe Retail Market Revenue and Forecasts to 2027(US$ Mn)
Figure 15. Europe Healthcare Market Revenue and Forecasts to 2027(US$ Mn)
Figure 16. Europe IT and Telecom Market Revenue and Forecasts to 2027(US$ Mn)
Figure 17. Europe Others Market Revenue and Forecasts to 2027(US$ Mn)
Figure 18. Europe Identity Verification Market Breakdown, By Organisation Size, 2018 & 2027 (%)
Figure 19. Europe Small & Medium Enterprises Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Europe Large Enterprises Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Europe Identity Verification Market Breakdown, By Deployment, 2018 & 2027 (%)
Figure 22. Europe Cloud-Based Deployment Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Europe On-Premise Deployment Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Europe Identity Verification Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 25. Germany Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. UK Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. France Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Italy Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Russia Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 30. Rest of Europe Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
The List of Companies
- ACUANT, INC.
- AUTHENTEQ
- GEMALTO N.V.(THALES GROUP)
- IDEMIA
- MITEK SYSTEMS, INC.
- EXPERIAN INFORMATION SOLUTIONS, INC.
- JUMIO
- LEXISNEXIS
- ONFIDO
- TRULIOO
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe identity verification market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Europe identity verification market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.