Acceptance of solutions through stringent regulations and the necessity for compliance are influencing the customer identity verification market growth. The supervisory authorities have now become stricter toward KYC (Know Your Customer) and AML (Anti-money Laundering) compliance amongst reporting entities.
MARKET DYNAMICS
Increasing digitization initiatives, a surge in fraudulent activities and identity theft during the last decade, and growing use cases of digital identities among verticals are some of the major factors driving the growth of the customer identification verification market. Moreover, Initiatives by governments and enterprises with a focus on digitalization and application of new technologies, such as ML, AI, and automation in identity verification solutions are anticipated to offer lucrative opportunities for customer identity verification vendors.
MARKET SCOPE
The "Global Customer Identification Verification Market Analysis to 2031 is a specialized and in-depth study of the customer identification verification market with a special focus on the global market trend analysis. The report aims to provide an overview of customer identification verification market with detailed market segmentation by component, type, deployment mode, organization size, verticals. The global customer identification verification market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading customer identification verification market players and offers key trends and opportunities in the customer identification verification market.
MARKET SEGMENTATION
The global customer identification verification market is segmented on the basis of component, type, deployment mode, organization size, verticals. On the basis of component, the market is segmented as solutions, services. On the basis of type, the market is segmented as biometrics, non- biometrics. On the basis of deployment mode, the market is segmented as on-premises, cloud. On the basis of organization size, the market is segmented as SMEs, large enterprises. On the basis of verticals, the market is segmented as BFSI, government and defense, healthcare & life sciences, retail and ecommerce, IT & telecommunication, energy and utilities, others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global customer identification verification market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The customer identification verification market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting customer identification verification market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the customer identification verification market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global customer identification verification market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The customer identification verification market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting customer identification verification market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the customer identification verification market in these regions.
MARKET PLAYERS
The reports cover key developments in the customer identification verification market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from customer identification verification market are anticipated to lucrative growth opportunities in the future with the rising demand for customer identification verification market. Below mentioned is the list of few companies engaged in the customer identification verification market.
The report also includes the profiles of key customer identification verification market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Acuant, Inc
- Equifax Inc
- Experian Information Solutions, Inc.
- GB Group plc
- IDology
- LexisNexis Risk Solutions.
- Mitek Systems, Inc.
- Onfido
- Thales Group
- Trulioo
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Customer Identity Verification Market - By Component
1.3.2Customer Identity Verification Market - By Type
1.3.3Customer Identity Verification Market - By Deployment Mode
1.3.4Customer Identity Verification Market - By Organization Size
1.3.5Customer Identity Verification Market - By Verticals
1.3.6Customer Identity Verification Market - By Region
1.3.6.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.CUSTOMER IDENTITY VERIFICATION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.CUSTOMER IDENTITY VERIFICATION MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.CUSTOMER IDENTITY VERIFICATION MARKET - GLOBAL MARKET ANALYSIS
6.1.CUSTOMER IDENTITY VERIFICATION - GLOBAL MARKET OVERVIEW
6.2.CUSTOMER IDENTITY VERIFICATION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.CUSTOMER IDENTITY VERIFICATION MARKET - REVENUE AND FORECASTS TO 2028 " COMPONENT
7.1.OVERVIEW
7.2.COMPONENT MARKET FORECASTS AND ANALYSIS
7.3.SOLUTIONS
7.3.1.Overview
7.3.2.Solutions Market Forecast and Analysis
7.4.SERVICES
7.4.1.Overview
7.4.2.Services Market Forecast and Analysis
8.CUSTOMER IDENTITY VERIFICATION MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
8.1.OVERVIEW
8.2.TYPE MARKET FORECASTS AND ANALYSIS
8.3.BIOMETRICS
8.3.1.Overview
8.3.2.Biometrics Market Forecast and Analysis
8.4.NON- BIOMETRICS
8.4.1.Overview
8.4.2.Non- Biometrics Market Forecast and Analysis
9.CUSTOMER IDENTITY VERIFICATION MARKET - REVENUE AND FORECASTS TO 2028 " DEPLOYMENT MODE
9.1.OVERVIEW
9.2.DEPLOYMENT MODE MARKET FORECASTS AND ANALYSIS
9.3.ON-PREMISES
9.3.1.Overview
9.3.2.On-premises Market Forecast and Analysis
9.4.CLOUD
9.4.1.Overview
9.4.2.Cloud Market Forecast and Analysis
10.CUSTOMER IDENTITY VERIFICATION MARKET - REVENUE AND FORECASTS TO 2028 " ORGANIZATION SIZE
10.1.OVERVIEW
10.2.ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
10.3.SMES
10.3.1.Overview
10.3.2.SMEs Market Forecast and Analysis
10.4.LARGE ENTERPRISES
10.4.1.Overview
10.4.2.Large Enterprises Market Forecast and Analysis
11.CUSTOMER IDENTITY VERIFICATION MARKET - REVENUE AND FORECASTS TO 2028 " VERTICALS
11.1.OVERVIEW
11.2.VERTICALS MARKET FORECASTS AND ANALYSIS
11.3.BFSI
11.3.1.Overview
11.3.2.BFSI Market Forecast and Analysis
11.4.GOVERNMENT AND DEFENSE
11.4.1.Overview
11.4.2.Government and Defense Market Forecast and Analysis
11.5.HEALTHCARE AND LIFE SCIENCES
11.5.1.Overview
11.5.2.Healthcare and Life Sciences Market Forecast and Analysis
11.6.RETAIL AND E-COMMERCE
11.6.1.Overview
11.6.2.Retail and E-commerce Market Forecast and Analysis
11.7.IT AND TELECOMMUNICATION
11.7.1.Overview
11.7.2.IT and Telecommunication Market Forecast and Analysis
11.8.ENERGY AND UTILITIES
11.8.1.Overview
11.8.2.Energy and Utilities Market Forecast and Analysis
11.9.OTHERS
11.9.1.Overview
11.9.2.Others Market Forecast and Analysis
12.CUSTOMER IDENTITY VERIFICATION MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
12.1.NORTH AMERICA
12.1.1North America Customer Identity Verification Market Overview
12.1.2North America Customer Identity Verification Market Forecasts and Analysis
12.1.3North America Customer Identity Verification Market Forecasts and Analysis - By Component
12.1.4North America Customer Identity Verification Market Forecasts and Analysis - By Type
12.1.5North America Customer Identity Verification Market Forecasts and Analysis - By Deployment Mode
12.1.6North America Customer Identity Verification Market Forecasts and Analysis - By Organization Size
12.1.7North America Customer Identity Verification Market Forecasts and Analysis - By Verticals
12.1.8North America Customer Identity Verification Market Forecasts and Analysis - By Countries
12.1.8.1United States Customer Identity Verification Market
12.1.8.1.1United States Customer Identity Verification Market by Component
12.1.8.1.2United States Customer Identity Verification Market by Type
12.1.8.1.3United States Customer Identity Verification Market by Deployment Mode
12.1.8.1.4United States Customer Identity Verification Market by Organization Size
12.1.8.1.5United States Customer Identity Verification Market by Verticals
12.1.8.2Canada Customer Identity Verification Market
12.1.8.2.1Canada Customer Identity Verification Market by Component
12.1.8.2.2Canada Customer Identity Verification Market by Type
12.1.8.2.3Canada Customer Identity Verification Market by Deployment Mode
12.1.8.2.4Canada Customer Identity Verification Market by Organization Size
12.1.8.2.5Canada Customer Identity Verification Market by Verticals
12.1.8.3Mexico Customer Identity Verification Market
12.1.8.3.1Mexico Customer Identity Verification Market by Component
12.1.8.3.2Mexico Customer Identity Verification Market by Type
12.1.8.3.3Mexico Customer Identity Verification Market by Deployment Mode
12.1.8.3.4Mexico Customer Identity Verification Market by Organization Size
12.1.8.3.5Mexico Customer Identity Verification Market by Verticals
12.2.EUROPE
12.2.1Europe Customer Identity Verification Market Overview
12.2.2Europe Customer Identity Verification Market Forecasts and Analysis
12.2.3Europe Customer Identity Verification Market Forecasts and Analysis - By Component
12.2.4Europe Customer Identity Verification Market Forecasts and Analysis - By Type
12.2.5Europe Customer Identity Verification Market Forecasts and Analysis - By Deployment Mode
12.2.6Europe Customer Identity Verification Market Forecasts and Analysis - By Organization Size
12.2.7Europe Customer Identity Verification Market Forecasts and Analysis - By Verticals
12.2.8Europe Customer Identity Verification Market Forecasts and Analysis - By Countries
12.2.8.1Germany Customer Identity Verification Market
12.2.8.1.1Germany Customer Identity Verification Market by Component
12.2.8.1.2Germany Customer Identity Verification Market by Type
12.2.8.1.3Germany Customer Identity Verification Market by Deployment Mode
12.2.8.1.4Germany Customer Identity Verification Market by Organization Size
12.2.8.1.5Germany Customer Identity Verification Market by Verticals
12.2.8.2France Customer Identity Verification Market
12.2.8.2.1France Customer Identity Verification Market by Component
12.2.8.2.2France Customer Identity Verification Market by Type
12.2.8.2.3France Customer Identity Verification Market by Deployment Mode
12.2.8.2.4France Customer Identity Verification Market by Organization Size
12.2.8.2.5France Customer Identity Verification Market by Verticals
12.2.8.3Italy Customer Identity Verification Market
12.2.8.3.1Italy Customer Identity Verification Market by Component
12.2.8.3.2Italy Customer Identity Verification Market by Type
12.2.8.3.3Italy Customer Identity Verification Market by Deployment Mode
12.2.8.3.4Italy Customer Identity Verification Market by Organization Size
12.2.8.3.5Italy Customer Identity Verification Market by Verticals
12.2.8.4United Kingdom Customer Identity Verification Market
12.2.8.4.1United Kingdom Customer Identity Verification Market by Component
12.2.8.4.2United Kingdom Customer Identity Verification Market by Type
12.2.8.4.3United Kingdom Customer Identity Verification Market by Deployment Mode
12.2.8.4.4United Kingdom Customer Identity Verification Market by Organization Size
12.2.8.4.5United Kingdom Customer Identity Verification Market by Verticals
12.2.8.5Russia Customer Identity Verification Market
12.2.8.5.1Russia Customer Identity Verification Market by Component
12.2.8.5.2Russia Customer Identity Verification Market by Type
12.2.8.5.3Russia Customer Identity Verification Market by Deployment Mode
12.2.8.5.4Russia Customer Identity Verification Market by Organization Size
12.2.8.5.5Russia Customer Identity Verification Market by Verticals
12.2.8.6Rest of Europe Customer Identity Verification Market
12.2.8.6.1Rest of Europe Customer Identity Verification Market by Component
12.2.8.6.2Rest of Europe Customer Identity Verification Market by Type
12.2.8.6.3Rest of Europe Customer Identity Verification Market by Deployment Mode
12.2.8.6.4Rest of Europe Customer Identity Verification Market by Organization Size
12.2.8.6.5Rest of Europe Customer Identity Verification Market by Verticals
12.3.ASIA-PACIFIC
12.3.1Asia-Pacific Customer Identity Verification Market Overview
12.3.2Asia-Pacific Customer Identity Verification Market Forecasts and Analysis
12.3.3Asia-Pacific Customer Identity Verification Market Forecasts and Analysis - By Component
12.3.4Asia-Pacific Customer Identity Verification Market Forecasts and Analysis - By Type
12.3.5Asia-Pacific Customer Identity Verification Market Forecasts and Analysis - By Deployment Mode
12.3.6Asia-Pacific Customer Identity Verification Market Forecasts and Analysis - By Organization Size
12.3.7Asia-Pacific Customer Identity Verification Market Forecasts and Analysis - By Verticals
12.3.8Asia-Pacific Customer Identity Verification Market Forecasts and Analysis - By Countries
12.3.8.1Australia Customer Identity Verification Market
12.3.8.1.1Australia Customer Identity Verification Market by Component
12.3.8.1.2Australia Customer Identity Verification Market by Type
12.3.8.1.3Australia Customer Identity Verification Market by Deployment Mode
12.3.8.1.4Australia Customer Identity Verification Market by Organization Size
12.3.8.1.5Australia Customer Identity Verification Market by Verticals
12.3.8.2China Customer Identity Verification Market
12.3.8.2.1China Customer Identity Verification Market by Component
12.3.8.2.2China Customer Identity Verification Market by Type
12.3.8.2.3China Customer Identity Verification Market by Deployment Mode
12.3.8.2.4China Customer Identity Verification Market by Organization Size
12.3.8.2.5China Customer Identity Verification Market by Verticals
12.3.8.3India Customer Identity Verification Market
12.3.8.3.1India Customer Identity Verification Market by Component
12.3.8.3.2India Customer Identity Verification Market by Type
12.3.8.3.3India Customer Identity Verification Market by Deployment Mode
12.3.8.3.4India Customer Identity Verification Market by Organization Size
12.3.8.3.5India Customer Identity Verification Market by Verticals
12.3.8.4Japan Customer Identity Verification Market
12.3.8.4.1Japan Customer Identity Verification Market by Component
12.3.8.4.2Japan Customer Identity Verification Market by Type
12.3.8.4.3Japan Customer Identity Verification Market by Deployment Mode
12.3.8.4.4Japan Customer Identity Verification Market by Organization Size
12.3.8.4.5Japan Customer Identity Verification Market by Verticals
12.3.8.5South Korea Customer Identity Verification Market
12.3.8.5.1South Korea Customer Identity Verification Market by Component
12.3.8.5.2South Korea Customer Identity Verification Market by Type
12.3.8.5.3South Korea Customer Identity Verification Market by Deployment Mode
12.3.8.5.4South Korea Customer Identity Verification Market by Organization Size
12.3.8.5.5South Korea Customer Identity Verification Market by Verticals
12.3.8.6Rest of Asia-Pacific Customer Identity Verification Market
12.3.8.6.1Rest of Asia-Pacific Customer Identity Verification Market by Component
12.3.8.6.2Rest of Asia-Pacific Customer Identity Verification Market by Type
12.3.8.6.3Rest of Asia-Pacific Customer Identity Verification Market by Deployment Mode
12.3.8.6.4Rest of Asia-Pacific Customer Identity Verification Market by Organization Size
12.3.8.6.5Rest of Asia-Pacific Customer Identity Verification Market by Verticals
12.4.MIDDLE EAST AND AFRICA
12.4.1Middle East and Africa Customer Identity Verification Market Overview
12.4.2Middle East and Africa Customer Identity Verification Market Forecasts and Analysis
12.4.3Middle East and Africa Customer Identity Verification Market Forecasts and Analysis - By Component
12.4.4Middle East and Africa Customer Identity Verification Market Forecasts and Analysis - By Type
12.4.5Middle East and Africa Customer Identity Verification Market Forecasts and Analysis - By Deployment Mode
12.4.6Middle East and Africa Customer Identity Verification Market Forecasts and Analysis - By Organization Size
12.4.7Middle East and Africa Customer Identity Verification Market Forecasts and Analysis - By Verticals
12.4.8Middle East and Africa Customer Identity Verification Market Forecasts and Analysis - By Countries
12.4.8.1South Africa Customer Identity Verification Market
12.4.8.1.1South Africa Customer Identity Verification Market by Component
12.4.8.1.2South Africa Customer Identity Verification Market by Type
12.4.8.1.3South Africa Customer Identity Verification Market by Deployment Mode
12.4.8.1.4South Africa Customer Identity Verification Market by Organization Size
12.4.8.1.5South Africa Customer Identity Verification Market by Verticals
12.4.8.2Saudi Arabia Customer Identity Verification Market
12.4.8.2.1Saudi Arabia Customer Identity Verification Market by Component
12.4.8.2.2Saudi Arabia Customer Identity Verification Market by Type
12.4.8.2.3Saudi Arabia Customer Identity Verification Market by Deployment Mode
12.4.8.2.4Saudi Arabia Customer Identity Verification Market by Organization Size
12.4.8.2.5Saudi Arabia Customer Identity Verification Market by Verticals
12.4.8.3U.A.E Customer Identity Verification Market
12.4.8.3.1U.A.E Customer Identity Verification Market by Component
12.4.8.3.2U.A.E Customer Identity Verification Market by Type
12.4.8.3.3U.A.E Customer Identity Verification Market by Deployment Mode
12.4.8.3.4U.A.E Customer Identity Verification Market by Organization Size
12.4.8.3.5U.A.E Customer Identity Verification Market by Verticals
12.4.8.4Rest of Middle East and Africa Customer Identity Verification Market
12.4.8.4.1Rest of Middle East and Africa Customer Identity Verification Market by Component
12.4.8.4.2Rest of Middle East and Africa Customer Identity Verification Market by Type
12.4.8.4.3Rest of Middle East and Africa Customer Identity Verification Market by Deployment Mode
12.4.8.4.4Rest of Middle East and Africa Customer Identity Verification Market by Organization Size
12.4.8.4.5Rest of Middle East and Africa Customer Identity Verification Market by Verticals
12.5.SOUTH AND CENTRAL AMERICA
12.5.1South and Central America Customer Identity Verification Market Overview
12.5.2South and Central America Customer Identity Verification Market Forecasts and Analysis
12.5.3South and Central America Customer Identity Verification Market Forecasts and Analysis - By Component
12.5.4South and Central America Customer Identity Verification Market Forecasts and Analysis - By Type
12.5.5South and Central America Customer Identity Verification Market Forecasts and Analysis - By Deployment Mode
12.5.6South and Central America Customer Identity Verification Market Forecasts and Analysis - By Organization Size
12.5.7South and Central America Customer Identity Verification Market Forecasts and Analysis - By Verticals
12.5.8South and Central America Customer Identity Verification Market Forecasts and Analysis - By Countries
12.5.8.1Brazil Customer Identity Verification Market
12.5.8.1.1Brazil Customer Identity Verification Market by Component
12.5.8.1.2Brazil Customer Identity Verification Market by Type
12.5.8.1.3Brazil Customer Identity Verification Market by Deployment Mode
12.5.8.1.4Brazil Customer Identity Verification Market by Organization Size
12.5.8.1.5Brazil Customer Identity Verification Market by Verticals
12.5.8.2Argentina Customer Identity Verification Market
12.5.8.2.1Argentina Customer Identity Verification Market by Component
12.5.8.2.2Argentina Customer Identity Verification Market by Type
12.5.8.2.3Argentina Customer Identity Verification Market by Deployment Mode
12.5.8.2.4Argentina Customer Identity Verification Market by Organization Size
12.5.8.2.5Argentina Customer Identity Verification Market by Verticals
12.5.8.3Rest of South and Central America Customer Identity Verification Market
12.5.8.3.1Rest of South and Central America Customer Identity Verification Market by Component
12.5.8.3.2Rest of South and Central America Customer Identity Verification Market by Type
12.5.8.3.3Rest of South and Central America Customer Identity Verification Market by Deployment Mode
12.5.8.3.4Rest of South and Central America Customer Identity Verification Market by Organization Size
12.5.8.3.5Rest of South and Central America Customer Identity Verification Market by Verticals
13.INDUSTRY LANDSCAPE
13.1.MERGERS AND ACQUISITIONS
13.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3.NEW PRODUCT LAUNCHES
13.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14.CUSTOMER IDENTITY VERIFICATION MARKET, KEY COMPANY PROFILES
14.1.ACUANT, INC
14.1.1.Key Facts
14.1.2.Business Description
14.1.3.Products and Services
14.1.4.Financial Overview
14.1.5.SWOT Analysis
14.1.6.Key Developments
14.2.EQUIFAX INC
14.2.1.Key Facts
14.2.2.Business Description
14.2.3.Products and Services
14.2.4.Financial Overview
14.2.5.SWOT Analysis
14.2.6.Key Developments
14.3.EXPERIAN INFORMATION SOLUTIONS, INC.
14.3.1.Key Facts
14.3.2.Business Description
14.3.3.Products and Services
14.3.4.Financial Overview
14.3.5.SWOT Analysis
14.3.6.Key Developments
14.4.GB GROUP PLC
14.4.1.Key Facts
14.4.2.Business Description
14.4.3.Products and Services
14.4.4.Financial Overview
14.4.5.SWOT Analysis
14.4.6.Key Developments
14.5.IDOLOGY
14.5.1.Key Facts
14.5.2.Business Description
14.5.3.Products and Services
14.5.4.Financial Overview
14.5.5.SWOT Analysis
14.5.6.Key Developments
14.6.LEXISNEXIS RISK SOLUTIONS.
14.6.1.Key Facts
14.6.2.Business Description
14.6.3.Products and Services
14.6.4.Financial Overview
14.6.5.SWOT Analysis
14.6.6.Key Developments
14.7.MITEK SYSTEMS, INC.
14.7.1.Key Facts
14.7.2.Business Description
14.7.3.Products and Services
14.7.4.Financial Overview
14.7.5.SWOT Analysis
14.7.6.Key Developments
14.8.ONFIDO
14.8.1.Key Facts
14.8.2.Business Description
14.8.3.Products and Services
14.8.4.Financial Overview
14.8.5.SWOT Analysis
14.8.6.Key Developments
14.9.THALES GROUP
14.9.1.Key Facts
14.9.2.Business Description
14.9.3.Products and Services
14.9.4.Financial Overview
14.9.5.SWOT Analysis
14.9.6.Key Developments
14.10.TRULIOO
14.10.1.Key Facts
14.10.2.Business Description
14.10.3.Products and Services
14.10.4.Financial Overview
14.10.5.SWOT Analysis
14.10.6.Key Developments
15.APPENDIX
15.1.ABOUT THE INSIGHT PARTNERS
15.2.GLOSSARY OF TERMS
1.Acuant, Inc
2.Equifax Inc
3.Experian Information Solutions, Inc.
4.GB Group plc
5.IDology
6.LexisNexis Risk Solutions.
7.Mitek Systems, Inc.
8.Onfido
9.Thales Group
10.Trulioo
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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