New York, US, July 27, 2021 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Global Identity Verification Market information by types of Standards, by Components, by Application and Region – forecast to 2027” market size to grow USD 21.9 Billion by 2026 at 37.29% CAGR.
The global identity verification market is growing profusely, witnessing the rising demand across the industry verticals. Spurring rise in industries such as BFSI, Government & Defense, Healthcare & Life Sciences, Retail & eCommerce, IT & ITeS, and Energy & Utilities is creating significant identity verification market demand. Besides, increasing needs for simplified ID verification processes complying with stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations foster market growth. Over the last couple of years, there has been a remarkable rise in mobile frauds worldwide,…