North America Identity Verification Market

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

Report Id: KBV-5139 Publication Date: January-2021 Number of Pages: 106
Special Offering:
Industry Insights | Market Trends
Highest number of Tables | 24/7 Analyst Support

Market Report Description

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
Need a report that reflects how COVID-19 has impacted this market and its growth? Download Free Sample Now


Call: +1(646) 600-5072


  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities

Unique Offerings Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Support with 10% customization free after sale

Trusted by over
5000+ clients

Our team of dedicated experts can provide you with attractive expansion opportunities for your business.

Client Logo