Global Identity Check latest Market Report 2022

Global Identity Check refers to the services and products used to confirm the validity of a person's physical identity or their documentation, such as a driver's license, passport, or another identity document that is issued nationwide. Identity verification is a crucial procedure that makes sure a person's identity corresponds to what it should.

Secure Global Identity Check is sought after by many institutions operating in the digital domain due to an increase in fraudulent paper work and falsified personal identity certificates. Global Identity Check solution sales are expected to increase rapidly in the future years, reaching a total value of US$ 18.6 billion by the end of 2026.

Rising deployment of advanced technologies

Growing adoption of advanced technologies such as big data, cloud computing, artificial intelligence, and machine learning will positively influence market growth.  Verification services like blockchain-based identity verification are actively addressing organizations' growing cyber risks and vulnerabilities, the adoption of Bring Your Own Devices (BYOD) in organizations, Global Identity Check, Know Your Customer (KYC) and Anti-money Laundering (AML), and identity verification in healthcare.

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Created on Dec 17th 2022 23:08. Viewed 234 times.

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