North America Identity Verification Market By Component (Solutions and Services), By Type (Non- Biometrics and Biometrics), By Enterprise Size (Large Enterprise and Small & Medium Enterprise), By Deployment Type (On-premises and Cloud), By End User (BFSI, Energy & Utilities, Healthcare, Retail & eCommerce, Government & Defense, IT & Telecommunication and Others), By Country, Industry Analysis and Forecast, 2020 - 2026

The North America Identity Verification Market would witness market growth of 11.8% CAGR during the forecast period (2020-2026). The increasing number of financial frauds in businesses is promoting the growth of identity verification solutions for businesses. As per a survey done by American Express in the year 2019, more than 27% of the sales terminated by fraudulent transactions, prompting merchant decisions to adopt frictionless checkout systems. Furthermore, about 69% of the merchants, only in the United States have expended a substantial amount of money and time to deal with payment fraud.

Digital identity verification is a segment of the market that has coordinating products, and distinct wherein large vendors in this market have portfolios of recognized products, and small vendors are continuously innovating in order to get better market shares. The market is showing a consumer shift from manual identity verification systems to an electronic credentialing system. This system allows personal identity devices to interrelate. Each of the interacting devices has a pre-installed identity engine, which holds, acquires, issues, and also uses electronic credentials (e-credentials). These electronic credentials can be also installed on other personal identity devices, such as laptops, embedded systems, smartphones, tablets, and/or personal computers.

The implementation of bringing your own devices (BYOD)’ trend in various industries is fueling the identity verification market. The BYOD concept has gained more attraction after the COVID-19 outbreak, following which the organizations were compelled to operate remotely. Due to this shift in events, the large-scale and medium enterprises are struggling hard to address the evolving security challenges also they are enjoying employee satisfaction as well as cost-cutting opportunities.

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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: Identity Verification Market in North America is expected to register a CAGR of 11.8% 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.

Scope of the Study

Market Segments Covered in the Report:

By Component

• Solutions
• Services

By Type

• Non- Biometrics
• Biometrics

By Enterprise Size

• Large Enterprise
• Small & Medium Enterprise

By Deployment Type

• On-premises
• Cloud

By End User

• BFSI
• Energy & Utilities
• Healthcare
• Retail & eCommerce
• Government & Defense
• IT & Telecommunication
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America

Companies Profiled

• 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.
• TransUnion LLC

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Identity Verification Market, by Component
1.4.2 North America Identity Verification Market, by Type
1.4.3 North America Identity Verification Market, by Enterprise Size
1.4.4 North America Identity Verification Market, by Deployment Type
1.4.5 North America Identity Verification Market, by End User
1.4.6 North America Identity Verification Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Business Unit Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2018, Feb – 2020, Dec) Leading Players

Chapter 4. North America Identity Verification Market by Enterprise Size
4.1 North America Identity Verification Large Enterprise Market by Country
4.2 North America Identity Verification Small & Medium Enterprise Market by Country

Chapter 5. North America Identity Verification Market by Industry Vertical
5.1 North America BFSI Identity Verification Market by Country
5.2 North America Energy & Utilities Identity Verification Market by Country
5.3 North America Healthcare Identity Verification Market by Country
5.4 North America Retail & eCommerce Identity Verification Market by Country
5.5 North America Government & Defense Identity Verification Market by Country
5.6 North America IT & Telecommunication Identity Verification Market by Country
5.7 North America Other Industry Vertical Identity Verification Market by Country

Chapter 6. North America Identity Verification Market by Component
6.1 North America Identity Verification Solutions Market by Country
6.2 North America Identity Verification Services Market by Country

Chapter 7. North America Identity Verification Market by Deployment Type
7.1 North America On-premises Identity Verification Market by Country
7.2 North America Cloud Identity Verification Market by Country

Chapter 8. North America Identity Verification Market by Type
8.1 North America Non- Biometrics Identity Verification Market by Country
8.2 North America Biometrics Identity Verification Market by Country

Chapter 9. North America Identity Verification Market by Country
9.1 US Identity Verification Market
9.1.1 US Identity Verification Market by Enterprise Size
9.1.2 US Identity Verification Market by Industry Vertical
9.1.3 US Identity Verification Market by Component
9.1.4 US Identity Verification Market by Deployment Type
9.1.5 US Identity Verification Market by Type
9.2 Canada Identity Verification Market
9.2.1 Canada Identity Verification Market by Enterprise Size
9.2.2 Canada Identity Verification Market by Industry Vertical
9.2.3 Canada Identity Verification Market by Component
9.2.4 Canada Identity Verification Market by Deployment Type
9.2.5 Canada Identity Verification Market by Type
9.3 Mexico Identity Verification Market
9.3.1 Mexico Identity Verification Market by Enterprise Size
9.3.2 Mexico Identity Verification Market by Industry Vertical
9.3.3 Mexico Identity Verification Market by Component
9.3.4 Mexico Identity Verification Market by Deployment Type
9.3.5 Mexico Identity Verification Market by Type
9.4 Rest of North America Identity Verification Market
9.4.1 Rest of North America Identity Verification Market by Enterprise Size
9.4.2 Rest of North America Identity Verification Market by Industry Vertical
9.4.3 Rest of North America Identity Verification Market by Component
9.4.4 Rest of North America Identity Verification Market by Deployment Type
9.4.5 Rest of North America Identity Verification Market by Type

Chapter 10. Company Profiles
10.1 Experian PLC
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Acquisition and Mergers:
10.1.5.3 Product Launches and Product Expansions:
10.2 GB Group PLC
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.1 Recent strategies and developments:
10.2.1.1 Partnerships, Collaborations, and Agreements:
10.2.1.2 Acquisition and Mergers:
10.2.1.3 Product Launches and Product Expansions:
10.3 Equifax, Inc.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Recent strategies and developments:
10.3.4.1 Partnerships, Collaborations, and Agreements:
10.3.4.2 Acquisition and Mergers:
10.3.4.3 Product Launches and Product Expansions:
10.4 Mitek Systems, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Research & Development Expenses
10.4.4 Recent strategies and developments:
10.4.4.1 Partnerships, Collaborations, and Agreements:
10.4.4.2 Acquisition and Mergers:
10.4.4.3 Product Launches and Product Expansions:
10.5 Thales Group S.A.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research and Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.5.2 Acquisition and Mergers:
10.5.5.3 Product Launches and Product Expansions:
10.6 RELX PLC (LexisNexis Risk Solutions, Inc.)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.5.2 Acquisition and Mergers:
10.6.5.3 Product Launches and Product Expansions:
10.7 Onfido Limited
10.7.1 Company Overview
10.7.2 Recent strategies and developments:
10.7.2.1 Partnerships, Collaborations, and Agreements:
10.8 Trulioo, Inc.
10.8.1 Company Overview
10.8.2 Recent strategies and developments:
10.8.2.1 Partnerships, Collaborations, and Agreements:
10.8.2.2 Product Launches and Product Expansions:
10.9 Acuant, Inc.
10.9.1 Company Overview
10.9.2 Recent strategies and developments:
10.9.2.1 Partnerships, Collaborations, and Agreements:
10.9.2.2 Product Launches and Product Expansions:
10.9.2.3 Acquisition and Mergers:
10.10. TransUnion LLC
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Product Launches and Product Expansions:
10.10.2.2 Acquisition and Mergers:
10.10.2.3 Business Unit Expansions: