Identity Verification Market: Emerging Trends and New Technologies Research
The identity verification market size was valued at US$ 9.16 billion in 2022 to US$ 31.95 billion by 2030; it is estimated to record a CAGR of 16.9% from 2022 to 2030.
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The global identity verification market size is majorly driven by the growing number of cyberattacks, rising adoption of security solutions, and surging demand for secure transactions in the BFSI sector, among others. Key trends witnessed in the identity verification market are the integration of AI and other advanced technologies for the monitoring of alerts and pattern-based data. With the rapidly changing nature of businesses, there is a rise in the requirement for new developments in technology and services.
