North America Identity Verification Market to Reach US$ 5.27 Bn at CAGR of 11.2% in 2027 | The Insight Partners

North America 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)

Publication Month: Jul 2019 | Report Code: TIPRE00006285 | No. of Pages: 144 | Category: Technology, Media and Telecommunications | Status: Published

North America identity verification market is expected to grow from US$ 2.05 Bn in 2018 to US$ 5.27 Bn by the year 2027. This represents a CAGR of 11.2% from the year 2018 to 2027. 

 

The growing sophistication of security information platforms and IT security-based tools & solutions is anticipated to have a profound impact on the overall management of the security ecosystem of an enterprise. The unprecedented growth in the number of cybersecurity incidents has further led to an increased need for robust security solutions across enterprises. The market demand for identity verification solutions has gained significant traction in the past few years owing to the versatile capabilities of these systems such as identity verification, data identification, fraud detection, and others. The growing popularity of digitization and automation in various industry verticals that range from BFSI to healthcare is also anticipated to fuel the growth of the identity verification market during the forecast period of 2019 to 2027. Some of the prominent benefits of identity verification include real-time ID verification, extracting data directly from IDs without any friction, effective document authentication & verification, mitigate the risk of spoofing, and others. All these benefits and capabilities offered by identity verification provide long term benefits to enterprises. These versatile benefits are expected to drive the market growth of identity verification market.

 

Currently, the U.S is dominating the identity verification market in terms of installation, which in turn boost the demand for identity verification. The U.S. is anticipated to hold a The U.S. is a highly advanced country in North America and a country where investment in advanced technologies, as well as the adoption of advanced solutions, is quite high. Factors such as growing digitization of business processes and rising demand of smart identity verification solutions among enterprises to ensure efficiently and risk-free business operations are contributing substantially towards the growth of identity verification market in North America. The figure given below highlights the revenue share of Mexico in the North American identity verification market in the forecast period:

 

Exhibit: Mexico in North America Identity verification Market Revenue and Forecasts to 2027 (US$ Mn)

 

NORTH AMERICA IDENTITY VERIFICATION MARKET - SEGMENTATION

North America Identity verification Market by Component

  • Solution
  • Services

North America Identity verification Market by Deployment

  • On-Premise
  • Cloud

North America Identity verification Market by Organization Size

  • SMEs
  • Large Enterprises

North America Identity verification Market by End-User

  • BFSI
  • Government & Defense
  • Healthcare
  • IT & Telecom
  • Retail
  • Others

North America Identity verification Market by Country

  • US
  • Canada
  • Mexico

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       North America Identity Verification Market – By Component

1.3.2       North America Identity Verification Market – By Deployment

1.3.3       North America Identity Verification Market – By Organisation Size

1.3.4       North America Identity Verification Market – By End-User

1.3.5       North America Identity Verification Market – By Country

2.              Key Takeaways

3.              Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.              North America Identity Verification Market Landscape

4.1       Market Overview

4.2       Ecosystem Analysis

4.3       PEST Analysis

4.3.1       Identity Verification Market – North America PEST Analysis

5.              Identity Verification Market – Key Industry Dynamics

5.1       Drivers

5.1.1       Growing Number of Cyber-Attacks and Increasing adoption of Security Solutions to have a Positive Impact on the Market Growth

5.1.2       Growing demand for Secure Transactions in BFSI Sector

5.2       Restraints

5.2.1       Growing 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 Drivers and Restraints

6.              North America Identity Verification –Market Analysis

6.1       North America Identity Verification Market Overview

6.2       North America Identity Verification Market Forecast and Analysis

7.              North America Identity Verification Market Analysis – By Component

7.1       Overview

7.2       North America 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.              North America Identity Verification Market Analysis – By End User

8.1       Overview

8.2       North America 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.              North America Identity Verification Market Analysis – By Organisation Size

9.1       Overview

9.2       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       Large Enterprises Market Forecasts and Analysis

10.           North America Identity Verification Market Analysis – By Deployment

10.1    Overview

10.2    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.           North America Identity Verification Market – Country Analysis

11.1    Overview

11.1.1.1  U.S. Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)

11.1.1.1.1 U.S Identity Verification Market Breakdown by Component

11.1.1.1.2 U.S Identity Verification Market Breakdown by Deployment

11.1.1.1.3 U.S Identity Verification Market Breakdown by Organization Size

11.1.1.1.4 U.S. Identity Verification Market Breakdown by End User

11.1.1.2  Canada Identity Verification Market Revenue and Forecasts to 2027 (US$ MN)

11.1.1.2.1 Canada Identity Verification Market Breakdown by Component

11.1.1.2.2 Canada Identity Verification Market Breakdown by Deployment

11.1.1.2.3 Canada Identity Verification Market Breakdown by Organization Size

11.1.1.2.4 Canada Identity Verification Market Breakdown by End User

11.1.1.3  Mexico Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)

11.1.1.3.1 Mexico Identity Verification Market Breakdown by Component

11.1.1.3.2 Mexico Identity Verification Market Breakdown by Deployment

11.1.1.3.3 Mexico Identity Verification Market Breakdown by Organization Size

11.1.1.3.4 Mexico 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.            North America Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.            North America Identity Verification Market Revenue and Forecasts to 2027 – By Component (US$ Mn)

Table 3.            North America Identity Verification Market Revenue and Forecasts to 2027 – By End User (US$ Mn)

Table 4.            North America Identity Verification Market Revenue and Forecasts to 2027 – By Organization Size (US$ Mn)

Table 5.            North America Identity Verification Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)

Table 6.            North America Identity Verification Market Revenue and Forecasts to 2027 – By Key Countries (US$ Mn)

Table 7.            U.S. Identity Verification Market Revenue and Forecasts to 2027 – By Component (US$ Mn)

Table 8.            U.S. Identity Verification Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)

Table 9.            U.S. Identity Verification Market Revenue and Forecasts to 2027 – By Organization Size (US$ Mn)

Table 10.         U.S. Identity Verification Market Revenue and Forecasts to 2027 – By End User (US$ Mn)

Table 11.         Canada Identity Verification Market Revenue and Forecasts to 2027 – By Component (US$ Mn)

Table 12.         Canada Identity Verification Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)

Table 13.         Canada Identity Verification Market Revenue and Forecasts to 2027 – By Organization Size (US$ Mn)

Table 14.         Canada Identity Verification Market Revenue and Forecasts to 2027 – By End User (US$ Mn)

Table 15.         Mexico Identity Verification Market Revenue and Forecasts to 2027 – By Component (US$ Mn)

Table 16.         Mexico Identity Verification Market Revenue and Forecasts to 2027 – By Deployment (US$ Mn)

Table 17.         Mexico Identity Verification Market Revenue and Forecasts to 2027 – By Organization Size (US$ Mn)

Table 18.         Mexico Identity Verification Market Revenue and Forecasts to 2027 – By End User (US$ Mn)

Table 19.         Glossary of Terms, Identity Verification Market

 

LIST OF FIGURES

Figure 1.          North America Identity Verification Market Segmentation

Figure 2.          North America Identity Verification Market Segmentation – By Country

Figure 3.          Mexico Identity Verification Market, 2018 & 2027 (%)

Figure 4.          Identity Verification – Ecosystem Analysis

Figure 5.          North America – PEST Analysis

Figure 6.          Impact Analysis of Drivers and Restraints

Figure 7.          North America Identity Verification Market Forecast and Analysis, (US$ Mn)

Figure 8.          North America Identity Verification Market Breakdown, By Component, 2017 & 2027 (%)

Figure 9.          North America Solutions Market Revenue and Forecasts to 2027(US$ Mn)

Figure 10.       North America Services Market Revenue and Forecasts to 2027(US$ Mn)

Figure 11.       North America Identity Verification Market Breakdown, By End Users, 2018 & 2027 (%)

Figure 12.       North America BFSI Market Revenue and Forecasts to 2027(US$ Mn)

Figure 13.       North America Government Market Revenue and Forecasts to 2027(US$ Mn)

Figure 14.       North America Retail Market Revenue and Forecasts to 2027(US$ Mn)

Figure 15.       North America Healthcare Market Revenue and Forecasts to 2027(US$ Mn)

Figure 16.       North America IT and Telecom Market Revenue and Forecasts to 2027(US$ Mn)

Figure 17.       North America Others Market Revenue and Forecasts to 2027(US$ Mn)

Figure 18.       North America Identity Verification Market Breakdown, By Organisation Size, 2018 & 2027 (%)

Figure 19.       North America Small & Medium Enterprises Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 20.       North America Large Enterprises Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 21.       North America Identity Verification Market Breakdown, By Deployment, 2018 & 2027 (%)

Figure 22.       North America Cloud-Based Deployment Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 23.       North America On-Premise Deployment Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 24.       North America Identity Verification Market Breakdown by Key Countries, 2018 & 2027(%)

Figure 25.       U.S. Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 26.       Canada Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 27.       Mexico Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)

 

The List Companies

  1. ACUANT, INC.
  2. AUTHENTEQ
  3. GEMALTO N.V.(THALES GROUP)
  4. IDEMIA
  5. MITEK SYSTEMS, INC.
  6. EXPERIAN INFORMATION SOLUTIONS, INC.
  7.  JUMIO
  8.  LEXISNEXIS
  9. ONFIDO
  10. TRULIOO
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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.