North America Identity Verification Market Forecast 2023-2032

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,600	146 Pages	Inkwood Research	July, 2023	INKR18058294

Best Price Guarantee
Price	from $1,600
Length	146 Pages
Publisher	Inkwood Research
Published Date	July, 2023
SKU	INKR18058294

North America Identity Verification Market Forecast 2023-2032

KEY FINDINGS

The North America identity verification market growth is predicted to project a CAGR of 15.50% during the forecast period, 2023-2032. The market growth is driven by rising government investments, collaborations, mergers & acquisitions, and regulations like California Consumer Privacy Act (CCPA), KYC, and AML.

MARKET INSIGHTS

Canada and the United States are evaluated for the North America identity verification market growth analysis. Canada is experiencing a notable surge in the adoption of identity verification tools, with various organizations and government entities effectively implementing identity verification solutions and services nationwide. The Digital Identification and Authentication Council of Canada (DIACC) plays a crucial role in facilitating the use of digital identification and document verification for e-commerce, industries, governments, and individuals. Notably, Canadian financial institutions are at the forefront of leveraging digital identity verification tools. Additionally, the DIACC is actively developing the Pan-Canadian Trust Framework (PCTF) to foster the creation of an advanced, secure, and privacy-focused Canadian digital identity ecosystem.

Moreover, identity verification is gaining widespread acceptance across diverse industries, prompting market players to develop and launch products that cater to customer requirements. For example, the Royal Bank of Canada became the pioneer in utilizing digital identity verification in March 2020, and since then, Canadian banks have increasingly adopted this software. The Royal Bank of Canada offers digital identification verification for account opening, which can be accessed at bank branches or remotely through mobile and website platforms. This service benefits the bank's 17 million customers in Canada, the United States, and 34 other countries.

COMPETITIVE INSIGHTS

Some of the key companies in the market include TransUnion LLC, Nuance Communications Inc, Mitek Systems Inc, Trulioo Information Services 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 United States; 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. North America; 10.1.1. Market Size & Estimates; 10.1.2. North America Identity Verification Market Drivers; 10.1.3. North America Identity Verification Market Challenges; 10.1.4. North America Identity Verification Market Regulatory Framework; 10.1.5. Key Players In North America Identity Verification Market; 10.1.6. Country Analysis; 10.1.6.1. United States; 10.1.6.1.1. United States Identity Verification Market Size & Opportunities; 10.1.6.2. Canada; 10.1.6.2.1. Canada 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