Identity verification is a core division of Identity and Access Management (IAM) solutions used by organizations to ensure whether the information provided by users or customers associated with their identity is real or fake, in real time. The solution uses biometrics, Artificial Intelligence (AI) and Machine Learning (ML) technologies to quickly verify the digital identities. Its features include digital identity verification, identity authentication, ID verification, fraud prevention, and compliance management. ___________ 1 Micromarkets refer to the further segments and subsegments of the global identity verification market 2 Core competencies of the companies have been captured in terms of the key developments and key strategies adopted by them to sustain their position in the market