north america identity verification & authentication market

North America Identity Verification & Authentication Market - Industry Trends and Forecast to 2028

  • Published Date: 2022-11-21
  • Report ID: 144514
  • Pages: 200
  • Format: prudent report format



Short Description

North America Identity Verification and Authentication Market, By Component (Solution, Services), Type (Non-Biometrics, Biometrics), Deployment Mode (On-Premise, Cloud), Organization Size (Large Enterprises, SMEs), Vertical (BFSI, Government and Defence, Energy and Utilities, Retail and E-commerce, IT and Telecom, Healthcare, Gaming, and Others), Country (U.S., Canada, and Mexico), Industry Trends and Forecast to 2028

Market Definition

Identity verification and authentication refers to the services and solutions used to verify the authenticity of a person's physical identity or their documents such as a drivers license, passport or a nationally issued identity document, and others. Identity verification and authentication is an important process that ensures a persons identity matches the one that is supposed to be. Identity verification and authentication solutions 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 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.
Market Segmentation

The North America identity verification and authentication market are segmented into five segments such as component, type, deployment mode, organization size, and vertical.

On the basis of component, the North America identity verification and authentication market is segmented into solution and services
On the basis of type, the North America identity verification and authentication market has been segmented into non-biometrics and biometrics
On the basis of deployment mode, the North America identity verification and authentication market has been segmented into on-premise and cloud
On the basis of organization size, the North America identity verification and authentication market has been segmented into large enterprises and SMEs
On the basis of vertical, the North America identity verification and authentication market has been segmented into BFSI, government and defence, energy and utilities, retail and e-commerce, IT and telecom, healthcare, gaming, and others



Market Players

Some of the major players operating in the North America identity verification and authentication market are:

LexisNexis Risk Solutions Group (A subsidiary of RELX Group plc)
Experian Information Solutions, Inc. (A subsidiary of Experian PLC)
Equifax, Inc.
TransUnion LLC
Thales Group
IDEMIA
Acuant, Inc.
GB Group plc
Jumio
Mitek Systems, Inc.
Okta
Onfido
Ping Identity
Precise Biometrics AB
ZignSec AB


TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 OVERVIEW OF NORTH AMERICA IDENTITY VERIFICATION & AUTHENTICATION MARKET 15
1.4 CURRENCY AND PRICING 17
1.5 LIMITATIONS 17
1.6 MARKETS COVERED 17
2 MARKET SEGMENTATION 20
2.1 MARKETS COVERED 20
2.2 GEOGRAPHICAL SCOPE 21
2.3 YEARS CONSIDERED FOR THE STUDY 22
2.4 DBMR TRIPOD DATA VALIDATION MODEL 23
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 26
2.6 DBMR MARKET POSITION GRID 27
2.7 VENDOR SHARE ANALYSIS 28
2.8 MULTIVARIATE MODELING 29
2.9 COMPONENT TIMELINE CURVE 29
2.10 SECONDARY SOURCES 30
2.11 ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 34
4.1 IDENTITY VERIFICATION AND AUTHENTICATION - CONSUMER VS WORKFORCE 35
4.1.1 CONSUMER IDENTITY VERIFICATION AND AUTHENTICATION (CIVA) 35
4.1.2 WORKFORCE IDENTITY VERIFICATION AND AUTHENTICATION (WIVA) 35
4.2 IDENTITY ACCESS MANAGEMENT 36
5 MARKET OVERVIEW 38
5.1 DRIVERS 40
5.1.1 INCREASE IN DEMAND FOR NEAR-FIELD COMMUNICATION (NFC) TECHNOLOGIES 40
5.1.2 HEIGHTEN DEPENDENCY ON CLOUD IDENTITY AND ACCESS MANAGEMENT SOLUTIONS 41
5.1.3 GROW IN ADOPTION OF IDENTITY VERIFICATION AND AUTHENTICATION SOLUTIONS 41
5.1.4 SURGE IN FRAUDULENT ACTIVITIES 42
5.1.5 RAPID GROWTH IN DIGITALIZATION ACROSS BUSINESS 43
5.2 RESTRAINTS 44
5.2.1 HURDLES IN DETERMINING ACCURATE IDENTITY VERIFICATION 44
5.2.2 LACK OF AWARENESS REGARDING IDENTITY VERIFICATION AND AUTHENTICATION SOLUTIONS 45
5.2.3 HIGH INITIAL COST 45
5.3 OPPORTUNITIES 46
5.3.1 HEIGHTENED ADOPTION OF RAZOR-SHARP BIOMETRICS IDENTITY VERIFICATION SOLUTIONS 46
5.3.2 INCREASE IN DEMAND FOR IDENTITY VERIFICATION SERVICES IN SMARTPHONES 46
5.3.3 WIDE RANGE ADOPTION OF AUTHENTICATION SOLUTIONS ACROSS BFSI 47
5.3.4 GROW IN ADOPTION OF DIGITAL PAYMENT SOLUTIONS 48
5.4 CHALLENGES 48
5.4.1 LACK OF SKILLED PROFESSIONALS WHILE OFFERING SERVICE FOR IDENTITY VERIFICATION AND AUTHENTICATION SOLUTIONS 48
5.4.2 STRICT REGULATIONS IMPOSED BY THE GOVERNMENT ON INFORMATION COLLECTION 49
5.4.3 STORAGE CHALLENGE FOR HUGE VARIANTS OF DATA/INFORMATION 50
6 IMPACT OF COVID-19 ON NORTH AMERICA IDENTITY VERIFICATION AND AUTHENTICATION MARKET 51
6.1 ANALYSIS ON IMPACT OF COVID-19 ON IDENTITY VERIFICATION AND AUTHENTICATION MARKET 51
6.2 AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVE TO BOOST THE MARKET 51
6.3 STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE 52
6.4 IMPACT ON PRICE 52
6.5 IMPACT ON DEMAND AND SUPPLY CHAIN 53
6.6 CONCLUSION 53
7 NORTH AMERICA IDENTITY VERIFICATION AND AUTHENTICATION MARKET, BY COMPONENT 54
7.1 OVERVIEW 55
7.2 SOLUTION 56
7.2.1 DOCUMENT/ID VERIFICATION 56
7.2.2 AUTHENTICATION 56
7.2.3 DIGITAL/ELECTRONIC IDENTITY VERIFICATION 56
7.3 SERVICES 57
7.3.1 PROFESSIONAL SERVICES 57
7.3.1.1 CONSULTING 57
7.3.1.2 IMPLEMENTATION 57
7.3.1.3 TRAINING & SUPPORT 57
7.3.2 MANAGED SERVICES 58
7.3.3 INTEGRATION SERVICES 58
8 NORTH AMERICA IDENTITY VERIFICATION AND AUTHENTICATION MARKET, BY TYPE 59
8.1 OVERVIEW 60
8.2 BIOMETRICS 61
8.3 NON-BIOMETRICS 61
9 NORTH AMERICA IDENTITY VERIFICATION AND AUTHENTICATION MARKET, BY DEPLOYMENT MODE 62
9.1 OVERVIEW 63
9.2 ON-PREMISE 64
9.3 CLOUD 64
10 NORTH AMERICA IDENTITY VERIFICATION AND AUTHENTICATION MARKET, BY ORGANIZATION SIZE 65
10.1 OVERVIEW 66
10.2 LARGE ENTERPRISES 67
10.3 SMALL & MEDIUM ENTERPRISES 67
11 NORTH AMERICA IDENTITY VERIFICATION AND AUTHENTICATION MARKET, BY VERTICAL 68
11.1 OVERVIEW 69
11.2 BFSI 70
11.2.1 SOFTWARE 70
11.2.2 SERVICES 70
11.3 GOVERNMENT & DEFENSE 70
11.3.1 SOFTWARE 71
11.3.2 SERVICES 71
11.4 IT & TELECOM 71
11.4.1 SOFTWARE 71
11.4.2 SERVICES 72
11.5 RETAIL & ECOMMERCE 72
11.5.1 SOFTWARE 72
11.5.2 SERVICES 72
11.6 HEALTHCARE 72
11.6.1 SOFTWARE 73
11.6.2 SERVICES 73
11.7 ENERGY & UTILITIES 73
11.7.1 SOFTWARE 73
11.7.2 SERVICES 73
11.8 GAMING 74
11.8.1 SOFTWARE 74
11.8.2 SERVICES 74
11.9 OTHERS 74
11.9.1 SOFTWARE 74
11.9.2 SERVICES 75
12 NORTH AMERICA IDENTITY VERIFICATION AND AUTHENTICATION MARKET, BY REGION 76
12.1 NORTH AMERICA 77
12.1.1 U.S. 85
12.1.2 CANADA 90
12.1.3 MEXICO 95
13 NORTH AMERICA IDENTITY VERIFICATION AND AUTHENTICATION MARKET: COMPANY LANDSCAPE 100
13.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 100
14 SWOT 101
15 COMPANY PROFILE 102
15.1 LEXISNEXIS RISK SOLUTIONS GROUP 102
15.1.1 COMPANY SNAPSHOT 102
15.1.2 REVENUE ANALYSIS 102
15.1.3 COMPANY SHARE ANALYSIS 103
15.1.4 SOLUTION PORTFOLIO 103
15.1.5 RECENT DEVELOPMENTS 103
15.2 THALES GROUP 104
15.2.1 COMPANY SNAPSHOT 104
15.2.2 REVENUE ANALYSIS 104
15.2.3 COMPANY SHARE ANALYSIS 105
15.2.4 SOLUTION PORTFOLIO 105
15.2.5 RECENT DEVELOPMENTS 106
15.3 EQUIFAX, INC. 107
15.3.1 COMPANY SNAPSHOT 107
15.3.2 REVENUE ANALYSIS 107
15.3.3 COMPANY SHARE ANALYSIS 108
15.3.4 PRODUCT PORTFOLIO 108
15.3.5 RECENT DEVELOPMENTS 108
15.4 IDEMIA 110
15.4.1 COMPANY SNAPSHOT 110
15.4.2 COMPANY SHARE ANALYSIS 110
15.4.3 PRODUCT PORTFOLIO 110
15.4.4 RECENT DEVELOPMENTS 111
15.5 EXPERIAN INFORMATION SOLUTIONS, INC. 112
15.5.1 COMPANY SNAPSHOT 112
15.5.2 REVENUE ANALYSIS 112
15.5.3 COMPANY SHARE ANALYSIS 113
15.5.4 SOLUTION AND SERVICES PORTFOLIO 113
15.5.5 RECENT DEVELOPMENTS 114
15.6 TRANSUNION LLC 115
15.6.1 COMPANY SNAPSHOT 115
15.6.2 REVENUE ANALYSIS 115
15.6.3 SOLUTION PORTFOLIO 116
15.6.4 RECENT DEVELOPMENTS 116
15.7 ACUANT, INC. 117
15.7.1 COMPANY SNAPSHOT 117
15.7.2 SERVICE PORTFOLIO 117
15.7.3 RECENT DEVELOPMENTS 117
15.8 GB GROUP PLC 118
15.8.1 COMPANY SNAPSHOT 118
15.8.2 REVENUE ANALYSIS 119
15.8.3 SOLUTION PORTFOLIO 119
15.8.4 RECENT DEVELOPMENTS 120
15.9 JUMIO 121
15.9.1 COMPANY SNAPSHOT 121
15.9.2 SERVICE PORTFOLIO 121
15.9.3 RECENT DEVELOPMENTS 121
15.10 MITEK SYSTEMS, INC. 122
15.10.1 COMPANY SNAPSHOT 122
15.10.2 REVENUE ANALYSIS 122
15.10.3 SOLUTION PORTFOLIO 123
15.10.4 RECENT DEVELOPMENTS 123
15.11 OKTA 124
15.11.1 COMPANY SNAPSHOT 124
15.11.2 REVENUE ANALYSIS 124
15.11.3 PRODUCT PORTFOLIO 125
15.11.4 RECENT DEVELOPMENTS 125
15.12 ONFIDO 126
15.12.1 COMPANY SNAPSHOT 126
15.12.2 SERVICE PORTFOLIO 126
15.12.3 RECENT DEVELOPMENTS 126
15.13 PING IDENTITY 127
15.13.1 COMPANY SNAPSHOT 127
15.13.2 REVENUE ANALYSIS 127
15.13.3 PRODUCT PORTFOLIO 128
15.13.4 RECENT DEVELOPMENTS 128
15.14 PRECISE BIOMETRICS AB 129
15.14.1 COMPANY SNAPSHOT 129
15.14.2 REVENUE ANALYSIS 129
15.14.3 SOLUTION PORTFOLIO 130
15.14.4 RECENT DEVELOPMENTS 130
15.15 ZIGNSEC AB 131
15.15.1 COMPANY SNAPSHOT 131
15.15.2 REVENUE ANALYSIS 131
15.15.3 PRODUCT PORTFOLIO 132
15.15.4 RECENT DEVELOPMENTS 132
16 QUESTIONNAIRE 133
17 RELATED REPORTS 136
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