Table of Contents
1 Introduction
1.1 Market Definition
2 Market Overview
2.1 Introduction
2.2 Market Dynamics
Figure 1 Enterprise Mobility and Byod Trends to Drive the Growth of the Identity Verification Market
2.2.1 Drivers
2.2.1.1 Rising Number of Identity-Related Frauds and Data Breaches
Figure 2 Identity Frauds in 2017
2.2.1.2 Stringent Regulations and Need for Compliance to Drive the Adoption of Identity Verification Solutions
2.2.1.3 Enterprise Mobility and Byod Trends
2.2.2 Restraints
2.2.2.1 Budgetary Limitations Inhibiting the Adoption of Identity Verification Solutions
2.2.3 Opportunities
2.2.3.1 Integration of AI and Ml Technologies to Enhance Identity Verification Solutions
2.2.3.2 Proliferation of Cloud-Based Identity Verification Solutions and Services
2.2.4 Challenges
2.2.4.1 Aggregating Critical Enterprise Data Distributed Across Multiple Locations Within a Business
2.3 Regulatory Landscape
2.3.1 Payment Services Directive 2
2.3.2 Electronic Identification, Authentication, and Trust Services
2.3.3 Know Your Customer
2.3.4 Anti-Money Laundering
2.3.5 General Data Protection Regulation
2.3.6 Payment Card Industry Data Security Standard
2.3.7 Health Insurance Portability and Accountability Act
2.3.8 Federal Information Processing Standards
2.4 Innovation Spotlight
Table 1 Innovation Spotlight: Latest Identity Verification Solutions
2.5 Use Cases
2.5.1 Adoption of Identity Verification Solution By a Financial Organization in Canada
2.5.2 Reliance on Identity Verification Solution By a Brokerage Firm in the US
2.5.3 Adoption of Identity Verification Solution By a Credit Union in the US
3 Company Evaluation Quadrant
3.1 Overview
3.1.1 Visionary Leaders
3.1.2 Innovators
3.1.3 Dynamic Differentiators
3.1.4 Emerging Companies
Figure 3 Identity Verification Market (Global) Company Evaluation Quadrant
3.2 Strength of Product Portfolio
3.3 Business Strategy Excellence
4 Competitive Landscape
Figure 4 Organic and Inorganic Strategies Adopted By Leading Players in the Identity Verification Market, 2016–2019
4.1 Competitive Scenario
4.1.1 Partnerships, Agreements, and Collaborations
Table 2 Partnerships, Agreements, and Collaborations, 2019
4.1.2 New Product Launches/Product Enhancements
Table 3 New Product Launches/Product Enhancements, 2017–2019
4.1.3 Mergers and Acquisitions
Table 4 Mergers and Acquisitions, 2018–2018
4.1.4 Business Expansions
Table 5 Business Expansions, 2018–2018
5 Company Profiles
5.1 Introduction
Figure 5 Geographic Revenue Mix of the Top Players in the Identity Verification Market
5.2 Experian
5.2.1 Business Overview*
Figure 6 Experian: Company Snapshot
5.2.2 Solutions and Services Offered*
5.2.3 Recent Developments*
5.2.4 SWOT Analysis*
Figure 7 Experian: SWOT Analysis
5.2.5 MnM View*
(*Above sections are present for all of below companies)
5.3 LexisNexis Risk Solutions
Figure 8 LexisNexis Risk Solutions: Company Snapshot
Figure 9 LexisNexis Risk Solutions: SWOT Analysis
5.4 Equifax
Figure 10 Equifax: Company Snapshot
Figure 11 Equifax: SWOT Analysis
5.5 Mitek Systems
Figure 12 Mitek Systems: Company Snapshot
Figure 13 Mitek Systems: SWOT Analysis
5.6 Gemalto
Figure 14 Gemalto: Company Snapshot
Figure 15 Gemalto: SWOT Analysis
5.7 Onfido
5.8 Trulioo
5.9 Acuant
5.10 IDEMIA
5.11 Jumio
6 Appendix
6.1 Other Significant Players
6.1.1 Authenteq
6.1.2 Shufti Pro
6.1.3 IDMERIT
6.1.4 TransUnion
6.1.5 iDenfy
6.2 Methodology
This report identifies and benchmarks the key market players in the Identity Verification market such as Experian (Ireland), LexisNexis (US), Equifax (US), Mitek Systems (US), and Gemalto (Netherlands), and evaluates them on the basis of business strategy excellence and strength of product portfolio within the Identity Verification market ecosystem, combining inputs from various industry experts, buyers, and vendors, and extensive secondary research including annual reports, company press releases, investor presentations, free and paid company databases. They are rated and positioned on a 2x2 matrix, called as ‘Company Evaluation Quadrant,’ and identified as Visionary Leaders, Dynamic Differentiators, Innovators, or Emerging companies.
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