This market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors and Porter's Five Forces Analysis.  Europe Identity Verification and Authentication market analysis report plays very essential role when it is about achieving an incredible growth in the business. It has been believed that the premium market research report is the one which is pertinent, unique, and creditable that employs proven tools and techniques to turn complex market insights into simpler version. Whether it is about renovating a business plan, preparing a presentation for a key client, or giving recommendations to an executive, Europe Identity Verification and Authentication market report will surely help to a degree.
 
Europe identity verification and authentication market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 17.1% in the forecast period of 2021 to 2028 and is expected to reach USD 21,269.02 million by 2028. High dependency on cloud Identity and Access Management solutions can act as a major factor for the market's growth.  
 
 
Market Overview:
 
Identity verification and authentication refers to the services and solutions used to verify the authenticity of a person's physical identity or documents such as a driver’s license, passport, or nationally issued identity document. Identity verification and authentication is an important process that ensures a person’s identity matches the one that is supposed to be. Identity verification and authentication solution and services ensure that a real person is operating behind a process and proves the one they claim to be, preventing false identities or committing fraud. Identity verification is an essential requirement in many business processes and procedures. Various methods for identity verification and authentication services include biometric identity, identity and access management (IAM) solutions, security assertion mark-up language authentication (SAML) solutions, and biometric authentication solutions. The verification of identity process can be carried out in many different ways depending on the channel and the way the verification. Identity verification and authentication services are used in many industries to provide complete security, to avoid fraud, financial crimes, and identity theft. One such way to avoid this can be deploying anti-money laundering solutions to improve customer experience and avoid costly fines and other benefits.
 
 
Europe Identity Verification and Authentication Market Scope and Market Size
 
Europe identity verification and authentication market is segmented on the basis of component, type, deployment mode, organization size, and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
 
On the basis of component, the Europe identity verification and authentication market is segmented into solution and services. In 2021, the solution segment held a larger share in the identity verification and authentication market owing to factors such as the shift toward digital transformation by various industries mostly financial sectors, increasing need to fight against data breaches and fraudulent activities.
 
  • On the basis of type, the Europe identity verification and authentication market has been segmented into non-biometrics and biometrics. In 2021, the biometrics segment held a larger share in the identity verification and authentication market due to increasing smartphone penetration in merging countries and developed countries and growing demand for NFC technologies.
  • On the basis of deployment mode, the Europe identity verification and authentication market has been segmented into on-premise and cloud. In 2021, the cloud segment held a larger share in the identity verification and authentication market. Cloud-based identity verification and authentication solutions is gaining popularity among government and defense agencies.
  • On the basis of organization size, the Europe identity verification and authentication market has been segmented into large enterprises and SME’s. In 2021, the large enterprises segment held a larger share in the identity verification and authentication market due to factors such as protection against increased cases of money laundering, data breach, identity theft, secured processing of high-risk transactions.
  • On the basis of vertical, the Europe identity verification and authentication market has been segmented into BFSI, government and defense, energy and utilities, retail and e-commerce, IT and telecom, healthcare, gaming, and others. In 2021, the BFSI segment held the largest share in the identity verification and authentication market due to the strong need to minimize cyber threats and the adoption of a risk-based fraud defense strategy.
 
The major players covered in the Europe identity verification and authentication report are Thales Group, LexisNexis Risk Solutions Group, IDEMIA, TransUnion LLC, Equifax, Inc., Experian Information Solutions, Inc., Acuant, Inc., Authenteq, Finansiell ID-Teknik BID AB, GB Group plc, IDkollen i Sverige AB, Jumio, Mitek Systems, Inc., Okta, Onfido, PENNEO A/S, Ping Identity, Precise Biometrics AB, ZignSec AB, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. Many product developments are also initiated by companies worldwide, which also accelerates the growth of the identity verification and authentication market.
 
Browse Trending Reports:
 
 
 
 
 
 
 
About Data Bridge Market Research:
 
An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune.
 
Data Bridge Market Research has more than 500 analysts working in different industries. We have served more than 40% of the Fortune 500 companies ly and have a network of more than 5,000 clients worldwide. Data Bridge is an expert in creating satisfied customers who trust our services and trust our hard work with certainty. We are pleased with our glorious 99.9% customer satisfaction rating.
 
Contact Us: -
 
Data Bridge Market Research
 
US: +1 888 387 2818
 
United Kingdom: +44 208 089 1725
 
Hong Kong: +852 8192 7475