Asia-pacific Identity Verification Market Forecast 2023-2032

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,600	157 Pages	Inkwood Research	July, 2023	INKR18058292

Best Price Guarantee
Price	from $1,600
Length	157 Pages
Publisher	Inkwood Research
Published Date	July, 2023
SKU	INKR18058292

Asia-pacific Identity Verification Market Forecast 2023-2032

KEY INSIGHTS

The Asia-Pacific identity verification market is set to register a CAGR of 15.83% during the forecast period, 2023-2032. The market growth is attributed to technological advancements, consistent government support, and the use of emerging technologies like machine learning and artificial intelligence.

MARKET INSIGHTS

Australia & New Zealand, Thailand, Japan, South Korea, China, Vietnam, Indonesia, India, and Rest of Asia-Pacific are analyzed for the Asia-Pacific identity verification market growth evaluation. Multiple industry sectors in Japan are actively integrating and deploying a wide range of identity verification solutions on a large scale. This trend is anticipated to drive market expansion in the country during the forecast period. For instance, Sumitomo Bank, the second-largest bank in Japan, announced in 2022 its adoption of soulbound tokens for identity validation. Collaborating with Hashport and the Sumitomo Mitsui Financial Group (FG), they aim to establish a ""safe and secure web3 economic zone"" through the utilization of soulbound coins.

Furthermore, in 2021, the Japanese government selected SAFR from RealNetworks to provide facial biometrics technology in support of the nation's digitization goals. SAFR will specifically offer its facial recognition tools to enable user authorization for the new digital ID set called ""My Number"" ID card, which is intended to replace traditional paper documents in Japan. SAFR collaborated closely with the Japanese government to develop My Number Card readers, equipped with built-in face biometrics capabilities, to expedite the adoption of facial authentication technology.

Whereas in Indonesia, the widespread adoption of digital IDs throughout the nation has witnessed a notable rise, thereby projected to drive the identity verification market growth in the country. As of 2023, the Indonesian government has unveiled its strategic initiative to expedite the implementation of digital IDs. By advocating for a swift transition from electronic KTP (e-KTP) to a nationwide digital ID (Digital KTP), the government aims to accelerate the country's digital transformation efforts.

COMPETITIVE INSIGHTS

Some of the leading companies in the market include Jumio Corporation, Mastercard Inc, IDEMIA, Intellicheck Inc, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

1. Research Scope & Methodology: 1.1. Study Objectives; 1.2. Methodology; 1.3. Assumptions & Limitations
2. Executive Summary: 2.1. Market Size & Estimates; 2.2. Market Overview; 2.3. Scope Of Study; 2.4. Crisis Scenario Analysis; 2.4.1. Impact Of Covid-19 On Identity Verification Market; 2.5. Major Market Findings; 2.5.1. Stringent Government Regulations And Mandates Concerning Privacy; 2.5.2. Adoption Of Digital Ids
3. Market Dynamics: 3.1. Key Drivers; 3.1.1. Occurrences Of Identity Thefts; 3.1.2. Rising Digitalization Initiatives; 3.1.3. Increasing Internet Penetration And Digital Literacy; 3.2. Key Restraints; 3.2.1. Price Variations In Identity Verification Products; 3.2.2. Lack Of Technical Expertise And Need For Security Awareness & Training
4. Key Analytics: 4.1. Key Technology Trends; 4.2. Porter’s Five Forces Analysis; 4.2.1. Buyers Power; 4.2.2. Suppliers Power; 4.2.3. Substitution; 4.2.4. New Entrants; 4.2.5. Industry Rivalry; 4.3. Growth Prospect Mapping; 4.3.1. Growth Prospect Mapping For India; 4.4. Market Concentration Analysis; 4.5. Value Chain Analysis; 4.5.1. Components; 4.5.2. Identity Verifications; 4.5.3. Deployment; 4.5.4. End-use Industry; 4.6. Key Buying Criteria; 4.6.1. Capacity And Coverage; 4.6.2. Fraud Capabilities; 4.6.3. Data Storage And Security; 4.6.4. Verification Types
5. Market By Component: 5.1. Solution; 5.2. Service
6. Market By Deployment Type: 6.1. On-premises; 6.2. Cloud
7. Market By Type: 7.1. Biometrics; 7.2. Non-biometrics
8. Market By Organization Size: 8.1. Smes; 8.2. Large Enterprises
9. Market By Vertical: 9.1. Bfsi; 9.2. Government And Defense; 9.3. Healthcare & Life Sciences; 9.4. Retail And E-commerce; 9.5. It & Ites; 9.6. Energy And Utilities; 9.7. Other Verticals
10. Geographical Analysis: 10.1. Asia-pacific; 10.1.1. Market Size & Estimates; 10.1.2. Asia-pacific Identity Verification Market Drivers; 10.1.3. Asia-pacific Identity Verification Market Challenges; 10.1.4. Asia-pacific Identity Verification Market Regulatory Framework; 10.1.5. Key Players In Asia-pacific Identity Verification Market; 10.1.6. Country Analysis; 10.1.6.1. China; 10.1.6.1.1. China Identity Verification Market Size & Opportunities; 10.1.6.2. Japan; 10.1.6.2.1. Japan Identity Verification Market Size & Opportunities; 10.1.6.3. India; 10.1.6.3.1. India Identity Verification Market Size & Opportunities; 10.1.6.4. South Korea; 10.1.6.4.1. South Korea Identity Verification Market Size & Opportunities; 10.1.6.5. Indonesia; 10.1.6.5.1. Indonesia Identity Verification Market Size & Opportunities; 10.1.6.6. Thailand; 10.1.6.6.1. Thailand Identity Verification Market Size & Opportunities; 10.1.6.7. Vietnam; 10.1.6.7.1. Vietnam Identity Verification Market Size & Opportunities; 10.1.6.8. Australia & New Zealand; 10.1.6.8.1. Australia & New Zealand Identity Verification Market Size & Opportunities; 10.1.6.9. Rest Of Asia-pacific; 10.1.6.9.1. Rest Of Asia-pacific Identity Verification Market Size & Opportunities
11. Competitive Landscape: 11.1. Key Strategic Developments; 11.1.1. Acquisitions; 11.1.2. Product Launches & Developments; 11.1.3. Partnerships & Agreements; 11.1.4. Business Expansions; 11.2. Company Profiles; 11.2.1. Authenticid; 11.2.1.1. Company Overview; 11.2.1.2. Products List; 11.2.1.3. Strengths & Challenges; 11.2.2. Equifax Inc; 11.2.2.1. Company Overview; 11.2.2.2. Products List; 11.2.3. Experian Plc; 11.2.3.1. Company Overview; 11.2.3.2. Products List; 11.2.3.3. Strengths & Challenges; 11.2.4. Gb Group Plc; 11.2.4.1. Company Overview; 11.2.4.2. Products List; 11.2.4.3. Strengths & Challenges; 11.2.5. Idemia; 11.2.5.1. Company Overview; 11.2.5.2. Products List; 11.2.6. Intellicheck Inc; 11.2.6.1. Company Overview; 11.2.6.2. Products List; 11.2.6.3. Strengths & Challenges; 11.2.7. Jumio Corporation; 11.2.7.1. Company Overview; 11.2.7.2. Products List; 11.2.7.3. Strengths & Challenges; 11.2.8. Mastercard Inc; 11.2.8.1. Company Overview; 11.2.8.2. Products List; 11.2.8.3. Strengths & Challenges; 11.2.9. Mitek Systems Inc; 11.2.9.1. Company Overview; 11.2.9.2. Products List; 11.2.9.3. Strengths & Challenges; 11.2.10. Nuance Communications Inc; 11.2.10.1. Company Overview; 11.2.10.2. Products List; 11.2.10.3. Strengths & Challenges; 11.2.11. Onfido Limited; 11.2.11.1. Company Overview; 11.2.11.2. Products List; 11.2.11.3. Strengths & Challenges; 11.2.12. Thales Group Sa; 11.2.12.1. Company Overview; 11.2.12.2. Products List; 11.2.12.3. Strengths & Challenges; 11.2.13. Transunion Llc; 11.2.13.1. Company Overview; 11.2.13.2. Products List; 11.2.13.3. Strengths & Challenges; 11.2.14. Trulioo Information Services Inc; 11.2.14.1. Company Overview; 11.2.14.2. Products List; 11.2.14.3. Strengths & Challenges; 11.2.15. Trunarrative; 11.2.15.1. Company Overview; 11.2.15.2. Products List; 11.2.15.3. Strengths & Challenges