An international GCC Identity Verification Market report comprises of an all-inclusive market data that makes it easy for the ICT industry to take strategic decisions and attain growth objectives. This exclusive and excellent market report has been formulated by a team of keen analysts, skilled researchers and skilled forecasters who work strictly for the best outcome. Market estimations along with the statistical nuances included in this market report give an insightful view of the market. Market research studies of GCC Identity Verification Market report helps to evaluate several important parameters that can be mentioned as investment in a rising market, success of a new product, and expansion of market share.
 
The market analysis serves present as well as future aspects of the market primarily depending upon factors on which the companies participate in the market growth, crucial trends and segmentation analysis. GCC Identity Verification Market research report also gives widespread study about different market segments and regions. The scope of this market report can be overviewed in terms of industry research, customer insights, market sizing and forecast, competitive analysis, market entry strategy, pricing trends, sustainability trends, innovation trends, technology evolution, and distribution channel assessment. The winning GCC Identity Verification Market business report assures brilliant solution to the challenges and problems faced by ICT industry.
 
Data Bridge Market Research analyzes that the GCC identity verification market is expected to reach a value of USD 996,843.09 thousand by 2029, at a CAGR of 11.9% during the forecast period. Solutions in identity verification account for the most prominent modules mode segment. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Market Definition:
 
Identity verification refers to the services and solutions used to verify the authenticity of a person's physical identity or their documents, such as a driver's license, passport, or a nationally issued identity document and others. Identity verification is an important process that ensures a person's identity matches the one it is supposed to be. Identity verification solutions and services ensure that a real person is operating behind a process and proving the one they claim to be, preventing false identities or fraud. Identity verification is an essential requirement in many business processes and procedures.
 
Some of the major players operating in the GCC identity verification market are:
 
  • Experian Information Solutions, Inc. (a subsidiary of Experian plc)
  • LexisNexis Risk Solutions Group
  • Thales Group
  • ZIGNSEC AB
  • GB Group plc ('GBG')
  • Precise Biometrics AB
  • Finansiell ID-Teknik BID AB
  • IDEMIA
  • Equifax, Inc.
  • Mitek Systems, Inc.
  • PENNEO A/S
  • Jumio
  • Acuant, Inc.
  • TransUnion LLC
  • Authenteq
  • Onfido
  • ForgeRock
  • Okta
  • Stripe
  • Ping Identity
 
Recent Developments
 
  • In September 2022, Elm participated in a global AI summit in Riyadh. The participation has helped the company to look for future aspects of artificial intelligence and solve complex problems. This will help to improve the brand image of the company.
  • In September 2019, Refinitiv announced the launch of 'QUAL-ID,' integrating digital identity technology with KYC due diligence. The solution has been launched to avoid fraudulent activities and protect data. The company will be able to enter a new cover market and attract more customers.
 
GCC Identity Verification Market Scope
 
The GCC identity verification market is segmented into five notable segments based on component, type, deployment mode, organization size, and vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
 
By Component
 
  • Solutions
  • Services
On the basis of component, the GCC identity verification market has been segmented into solutions and services.
 
 By Type
 
  • Non-Biometrics
  • Biometrics
On the basis of type, the GCC identity verification market has been segmented into biometrics and non-biometrics.
 
By Deployment Mode
 
  • On-Premise
  • Cloud
On the basis of deployment mode, the GCC identity verification market has been segmented into cloud and on-premise.
 
By Organization Size
 
  • Large Enterprises
  • SMEs
On the basis of organization size, the GCC identity verification market has been segmented into large enterprises and SMEs.
 
By Vertical
 
  • BFSI
  • Government & Defence
  • Energy & Utilities
  • Retail & Ecommerce
  • It & Telecom
  • Healthcare
  • Gaming
  • Others
On the basis of vertical, the GCC identity verification market has been segmented into BFSI, government & defense, energy & utilities, retail & ecommerce, IT & telecom, healthcare, gaming, and others.
 
 
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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.
 
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