The Asia Pacific Identity Verification Market would witness market growth of 15.2% CAGR during the forecast period (2020-2026). Identity is the feature of identity, the matching of one thing with another when they are compared. It is basically the set of unique characteristics and traits linked with an irreplaceable and unique individual. This becomes important when we chat with people and particularly within the online environment, and in this platform, identity theft is a common phenomenon. Identity verification is a crucial requirement in most procedures and processes, both offline and online, in all types of situations, whether it is about opening a bank account or completing tax procedures electronically.
Cloud-based identity verification solutions enable organizations to accomplish their costs as well as helps them in improving business alertness. It is one of the fastest-growing deployment models in the market of identity verification. SMEs have a preference for cloud-based deployment because it is cost-effective and very easy to deploy. Due to the cloud-based deployment of these solutions, small and medium enterprises are getting assess for vulnerabilities and lessen threat landscape at a lower cost, therefore improving and advancing their customer services. The cloud-based platform allows a centralized method to verify identities. For organizations having stringent budgets especially on security investments, in these cases, cloud-based identity verification solutions are the best options available.
Based on Component, the market is segmented into Solutions and Services. Based on Type, the market is segmented into Non- Biometrics and Biometrics. Based on Enterprise Size, the market is segmented into Large Enterprise and Small & Medium Enterprise. Based on Deployment Type, the market is segmented into On-premises and Cloud. Based on End User, the market is segmented into BFSI, Energy & Utilities, Healthcare, Retail & eCommerce, Government & Defense, IT & Telecommunication and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Identity Verification Market in Asia Pacific is expected to register a CAGR of 15.2% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Experian PLC, GB Group PLC, Equifax, Inc., Mitek Systems, Inc., Thales Group S.A., RELX PLC (LexisNexis Risk Solutions, Inc.), Onfido Limited, Trulioo, Inc., Acuant, Inc. and TransUnion LLC.
By Component
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By Enterprise Size
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Companies Profiled
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