KEY FINDINGS
The Europe identity verification market is anticipated to record a CAGR of 15.65% during the forecast period, 2023-2032. The market growth is accredited to the range of strategic initiatives adopted by key players to survive the global competition. These include acquisitions, product developments, business & capacity expansion, partnerships, and mergers.
MARKET INSIGHTS
Italy, Spain, Belgium, France, Poland, the United Kingdom, Germany, and Rest of Europe are evaluated for the Europe identity verification market growth assessment. The escalating concern of scams and thefts in various industries, such as car rentals, banking and fintech, and online marketplaces, has become a growing issue in France. This is further compounded by the increasing number of companies and businesses across the country seeking to engage in online transactions. According to a 2022 report by CyberEdge Group, which gathered responses from information security professionals worldwide, approximately 89.3% of French organizations experienced a cyberattack within a 12-month period. This represents an increase from about 81.1% in 2020. Consequently, there is a rising demand for identity verification solutions and services in different sectors to mitigate fraud and cybercrimes.
In response to customer requirements, market players are actively developing and launching a variety of technologically advanced and innovative products. They are also forging collaborations with government organizations and agencies. For instance, the partnership between Agence Nationale des Titres Sécurisés (ANTS'), the French government agency, and IDEMIA in 2021 to work on France Identité Numérique, the national digital ID program. Such factors offer growth opportunities for the analyzed market in France.
COMPETITIVE INSIGHTS
Some of the prominent firms in the market include Trulioo Information Services Inc, TransUnion LLC, TruNarrative, Thales Group SA, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Europe Identity Verification Market Forecast 2023-2032
Table Of Contents
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Methodology
1.3. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
2.3. Scope Of Study
2.4. Crisis Scenario Analysis
2.4.1. Impact Of Covid-19 On Identity Verification Market
2.5. Major Market Findings
2.5.1. Stringent Government Regulations And Mandates Concerning Privacy
2.5.2. Adoption Of Digital Ids
3. Market Dynamics
3.1. Key Drivers
3.1.1. Occurrences Of Identity Thefts
3.1.2. Rising Digitalization Initiatives
3.1.3. Increasing Internet Penetration And Digital Literacy
3.2. Key Restraints
3.2.1. Price Variations In Identity Verification Products
3.2.2. Lack Of Technical Expertise And Need For Security Awareness & Training
4. Key Analytics
4.1. Key Technology Trends
4.2. Porter's Five Forces Analysis
4.2.1. Buyers Power
4.2.2. Suppliers Power
4.2.3. Substitution
4.2.4. New Entrants
4.2.5. Industry Rivalry
4.3. Growth Prospect Mapping
4.3.1. Growth Prospect Mapping For Germany
4.4. Market Concentration Analysis
4.5. Value Chain Analysis
4.5.1. Components
4.5.2. Identity Verifications
4.5.3. Deployment
4.5.4. End-Use Industry
4.6. Key Buying Criteria
4.6.1. Capacity And Coverage
4.6.2. Fraud Capabilities
4.6.3. Data Storage And Security
4.6.4. Verification Types
5. Market By Component
5.1. Solution
5.2. Service
6. Market By Deployment Type
6.1. On-Premises
6.2. Cloud
7. Market By Type
7.1. Biometrics
7.2. Non-Biometrics
8. Market By Organization Size
8.1. Smes
8.2. Large Enterprises
9. Market By Vertical
9.1. Bfsi
9.2. Government And Defense
9.3. Healthcare & Life Sciences
9.4. Retail And E-Commerce
9.5. It & Ites
9.6. Energy And Utilities
9.7. Other Verticals
10. Geographical Analysis
10.1. Europe
10.1.1. Market Size & Estimates
10.1.2. Europe Identity Verification Market Drivers
10.1.3. Europe Identity Verification Market Challenges
10.1.4. Europe Identity Verification Market Regulatory Framework
10.1.5. Key Players In Europe Identity Verification Market
10.1.6. Country Analysis
10.1.6.1. United Kingdom
10.1.6.1.1. United Kingdom Identity Verification Market Size & Opportunities
10.1.6.2. Germany
10.1.6.2.1. Germany Identity Verification Market Size & Opportunities
10.1.6.3. France
10.1.6.3.1. France Identity Verification Market Size & Opportunities
10.1.6.4. Italy
10.1.6.4.1. Italy Identity Verification Market Size & Opportunities
10.1.6.5. Spain
10.1.6.5.1. Spain Identity Verification Market Size & Opportunities
10.1.6.6. Belgium
10.1.6.6.1. Belgium Identity Verification Market Size & Opportunities
10.1.6.7. Poland
10.1.6.7.1. Poland Identity Verification Market Size & Opportunities
10.1.6.8. Rest Of Europe
10.1.6.8.1. Rest Of Europe Identity Verification Market Size & Opportunities
11. Competitive Landscape
11.1. Key Strategic Developments
11.1.1. Acquisitions
11.1.2. Product Launches & Developments
11.1.3. Partnerships & Agreements
11.1.4. Business Expansions
11.2. Company Profiles
11.2.1. Authenticid
11.2.1.1. Company Overview
11.2.1.2. Products List
11.2.1.3. Strengths & Challenges
11.2.2. Equifax Inc
11.2.2.1. Company Overview
11.2.2.2. Products List
11.2.3. Experian Plc
11.2.3.1. Company Overview
11.2.3.2. Products List
11.2.3.3. Strengths & Challenges
11.2.4. Gb Group Plc
11.2.4.1. Company Overview
11.2.4.2. Products List
11.2.4.3. Strengths & Challenges
11.2.5. Idemia
11.2.5.1. Company Overview
11.2.5.2. Products List
11.2.6. Intellicheck Inc
11.2.6.1. Company Overview
11.2.6.2. Products List
11.2.6.3. Strengths & Challenges
11.2.7. Jumio Corporation
11.2.7.1. Company Overview
11.2.7.2. Products List
11.2.7.3. Strengths & Challenges
11.2.8. Mastercard Inc
11.2.8.1. Company Overview
11.2.8.2. Products List
11.2.8.3. Strengths & Challenges
11.2.9. Mitek Systems Inc
11.2.9.1. Company Overview
11.2.9.2. Products List
11.2.9.3. Strengths & Challenges
11.2.10. Nuance Communications Inc
11.2.10.1. Company Overview
11.2.10.2. Products List
11.2.10.3. Strengths & Challenges
11.2.11. Onfido Limited
11.2.11.1. Company Overview
11.2.11.2. Products List
11.2.11.3. Strengths & Challenges
11.2.12. Thales Group Sa
11.2.12.1. Company Overview
11.2.12.2. Products List
11.2.12.3. Strengths & Challenges
11.2.13. Transunion Llc
11.2.13.1. Company Overview
11.2.13.2. Products List
11.2.13.3. Strengths & Challenges
11.2.14. Trulioo Information Services Inc
11.2.14.1. Company Overview
11.2.14.2. Products List
11.2.14.3. Strengths & Challenges
11.2.15. Trunarrative
11.2.15.1. Company Overview
11.2.15.2. Products List
11.2.15.3. Strengths & Challenges
List Of Tables
Table 1: Market Snapshot - Identity Verification
Table 2: Europe Identity Verification Market, By Component, Historical Years, 2018-2022 (In $ Million)
Table 3: Europe Identity Verification Market, By Component, Forecast Years, 2023-2032 (In $ Million)
Table 4: Europe Identity Verification Market, By Deployment Type, Historical Years, 2018-2022 (In $ Million)
Table 5: Europe Identity Verification Market, By Deployment Type, Forecast Years, 2023-2032 (In $ Million)
Table 6: Europe Identity Verification Market, By Type, Historical Years, 2018-2022 (In $ Million)
Table 7: Europe Identity Verification Market, By Type, Forecast Years, 2023-2032 (In $ Million)
Table 8: Europe Identity Verification Market, By Organization Size, Historical Years, 2018-2022 (In $ Million)
Table 9: Europe Identity Verification Market, By Organization Size, Forecast Years, 2023-2032 (In $ Million)
Table 10: Europe Identity Verification Market, By Vertical, Historical Years, 2018-2022 (In $ Million)
Table 11: Europe Identity Verification Market, By Vertical, Forecast Years, 2023-2032 (In $ Million)
Table 12: Europe Identity Verification Market, By Country, Historical Years, 2018-2022 (In $ Million)
Table 13: Europe Identity Verification Market, By Country, Forecast Years, 2023-2032 (In $ Million)
Table 14: Europe Identity Verification Market Regulatory Framework
Table 15: Key Players Operating In Europe Identity Verification Market
Table 16: List Of Acquisitions
Table 17: List Of Product Launches & Developments
Table 18: List Of Partnerships & Agreements
Table 19: List Of Business Expansions
List Of Figures
Figure 1: Individuals Using The Internet (% Of Population) (2012-2021)
Figure 2: Key Technology Trends
Figure 3: Porter's Five Forces Analysis
Figure 4: Growth Prospect Mapping For Germany
Figure 5: Market Concentration Analysis
Figure 6: Value Chain Analysis
Figure 7: Key Buying Criteria
Figure 8: Europe Identity Verification Market, Growth Potential, By Component, In 2022
Figure 9: Europe Identity Verification Market, By Solution, 2023-2032 (In $ Million)
Figure 10: Europe Identity Verification Market, By Service, 2023-2032 (In $ Million)
Figure 11: Europe Identity Verification Market, Growth Potential, By Deployment Type, In 2022
Figure 12: Europe Identity Verification Market, By On-Premises, 2023-2032 (In $ Million)
Figure 13: Europe Identity Verification Market, By Cloud, 2023-2032 (In $ Million)
Figure 14: Europe Identity Verification Market, Growth Potential, By Type, In 2022
Figure 15: Europe Identity Verification Market, By Biometrics, 2023-2032 (In $ Million)
Figure 16: Europe Identity Verification Market, By Non-Biometrics, 2023-2032 (In $ Million)
Figure 17: Europe Identity Verification Market, Growth Potential, By Organization Size, In 2022
Figure 18: Europe Identity Verification Market, By Smes, 2023-2032 (In $ Million)
Figure 19: Europe Identity Verification Market, By Large Enterprises, 2023-2032 (In $ Million)
Figure 20: Europe Identity Verification Market, Growth Potential, By Vertical, In 2022
Figure 21: Europe Identity Verification Market, By Bfsi, 2023-2032 (In $ Million)
Figure 22: Europe Identity Verification Market, By Government And Defense, 2023-2032 (In $ Million)
Figure 23: Europe Identity Verification Market, By Healthcare & Life Sciences, 2023-2032 (In $ Million)
Figure 24: Europe Identity Verification Market, By Retail And E-Commerce, 2023-2032 (In $ Million)
Figure 25: Europe Identity Verification Market, By It & Ites, 2023-2032 (In $ Million)
Figure 26: Europe Identity Verification Market, By Energy And Utilities, 2023-2032 (In $ Million)
Figure 27: Europe Identity Verification Market, By Other Verticals, 2023-2032 (In $ Million)
Figure 28: Europe Identity Verification Market, Country Outlook, 2022 & 2032 (In %)
Figure 29: United Kingdom Identity Verification Market, 2023-2032 (In $ Million)
Figure 30: Germany Identity Verification Market, 2023-2032 (In $ Million)
Figure 31: France Identity Verification Market, 2023-2032 (In $ Million)
Figure 32: Italy Identity Verification Market, 2023-2032 (In $ Million)
Figure 33: Spain Identity Verification Market, 2023-2032 (In $ Million)
Figure 34: Belgium Identity Verification Market, 2023-2032 (In $ Million)
Figure 35: Poland Identity Verification Market, 2023-2032 (In $ Million)
Figure 36: Rest Of Europe Identity Verification Market, 2023-2032 (In $ Million)
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