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Identity Verification Market Size, Share and Global Market Forecast to 2025 - MarketsandMarkets

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According to market research report on "Identity Verification Market by Component (Solutions and Services), Type (Non-Biometric and Biometric), Organization Size, Deployment Mode, Vertical (BFSI, Government and Defense, and Healthcare and Life Sciences), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Identity Verification Market size to grow from USD 7.6 billion in 2020 to USD 15.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period. Increasing digitalization with initiatives,iIncrease in fraudulent activities and identity theft, and increasing use cases of digital identities are major growth factors for the market.

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