Europe Identity Verification Market 2019 : Development Trends, Driving Factors, Restraints, Opportun

Europe identity verification market is expected to grow from US$ 1.46 Bn in 2018 to US$ 4.40 Bn by the year 2027. This represents a CAGR of 13.3% from the year 2018 to 2027. The growing sophistication of security information platforms and IT security-based tools & solutions is anticipated to have a profound impact on the overall management of the security ecosystem of an enterprise. The unprecedented growth in the number of cybersecurity incidents has further led to an increased need for robust security solutions across enterprises. The market demand for identity verification solutions has gained significant traction in the past few years owing to the versatile capabilities of these systems such as identity verification, data identification, fraud detection, and others. Some of the prominent benefits of identity verification include real-time ID verification, extracting data directly from IDs without any friction, active document authentication & verification, mitigate the risk of spoofing, and others. All these benefits and capabilities offered by identity verification provide long term benefits to enterprises. These versatile benefits are expected to drive the market growth of identity verification market.

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Presently, most of the customers of identity verification providers belong to large enterprises, mainly due to large scale operations and faster adoption of digital and technological advancements on these businesses. Large companies worldwide are in the front of digital transformation to improve existing processes; however, small and medium-sized enterprises are still in the process of adapting to the latest technology trends. Some of the primary reasons behind this include resource constraints and lack of knowledge & awareness about the potential benefits of digital transformation. Hence, the small and medium-sized enterprises as well as organizations that are still following do-it-yourself methods for identity verification present tremendous strategic value and growth opportunity for players operating in the identity verification market. To tap this potential segment, companies are investing in marketing activities to spread awareness and generate interest in small scale businesses. The players operating in the identity verification market are now offering various low price smaller plans.

The Europe identity verification market is fragmented with the presence of several industries, and the competitive dynamics in the market is expected to change during the upcoming years. Identity verification market is a highly competitive market with the presence of some major market players as well as tire two companies.

The Europe identity verification market by deployment is segmented into cloud and on-premise. On-premise deployment refers to the resources and IT infrastructure deployed at a client’s location. The on-premise deployment includes in-house server hardware, integration capabilities, software licenses, and IT workforce to handle potential issues. The growth rate of the on-premise deployment segment varies across geographies. For instance, the adoption of on-premise is high in developing regions and is being replaced by the cloud in developed regions. One of the major restraining factors for the future growth of this segment is the costs associated with installing, managing, and maintaining these on-premise systems. It is expected that during the forecast period, the identity management market will witness a massive shift from on-premise to cloud-based deployment. The on-premise deployment type segment is the traditional identity verification deployment type.

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The overall Europe identity verification market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Europe identity verification market. It also provides an overview and forecast for the Europe identity verification market based on all the segmentation provided for the European region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Europe identity verification industry. Some of the players present in Europe identity verification market are Acuant, Inc., Authenteq, Gemalto NV (Thales Group), Idemia, Mitek Systems, Inc., Experian Information Solutions, Inc., Jumio, LexisNexis, Onfido, and Trulioo among others.

TABLE OF CONTENTS
1. Introduction
1.1 Scope of The Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Identity Verification Market – By Component
1.3.2 Europe Identity Verification Market – By Deployment
1.3.3 Europe Identity Verification Market – By Organisation Size
1.3.4 Europe Identity Verification Market – By End-User
1.3.5 Europe Identity Verification Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Identity Verification Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 Identity Verification Market – Europe PEST Analysis
5. Europe Identity Verification Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Growing Adoption of Security Solutions Due to Increasing Number of Cyber-Attacks to Have a Positive Impact on the Market Growth
5.1.2 Increased Focus of BFSI Sector on Secure Transaction
5.2 Restraints
5.2.1 Data Privacy and Security Concerns
5.3 Opportunities
5.3.1 Small and Medium Enterprises Offer Future Growth Opportunity
5.4 Future Trends
5.4.1 Integration of AI and Other Advanced Technologies for Alerting and Pattern Based Monitoring
5.5 Impact Analysis of Driver and Restraint
6. Europe Identity Verification –Market Analysis
6.1 Europe Identity Verification Market Overview
6.2 Europe Identity Verification Market Forecast and Analysis
7. Europe Identity Verification Market Analysis – By Component
7.1 Overview
7.2 Europe Identity Verification Market Breakdown, By Component, 2018 & 2027
7.3 Solutions Market
7.3.1 Overview
7.3.2 Solutions Market Forecast and Analysis
7.4 Services Market
7.4.1 Overview
7.4.2 Services Market Forecast and Analysis
8. Europe Identity Verification Market Analysis–By End User
8.1 Overview
8.2 Europe Identity Verification Market Breakdown, By End Users, 2018 & 2027
8.3 BFSI Market
8.3.1 Overview
8.3.2 BFSI Market Forecast and Analysis
8.4 Government Market
8.4.1 Overview
8.4.2 Government Market Forecast and Analysis
8.5 Retail Market
8.5.1 Overview
8.5.2 Retail Market Forecast and Analysis
8.6 Healthcare Market
8.6.1 Overview
8.6.2 Healthcare Market Forecast and Analysis
8.7 IT and Telecom Market
8.7.1 Overview
8.7.2 IT and Telecom Market Forecast and Analysis
8.8 Others Market
8.8.1 Overview
8.8.2 Others Market Forecast and Analysis
9. Europe Identity Verification Market Analysis – By Organisation Size
9.1 Overview
9.2 Europe Identity Verification Market Breakdown, By Organisation Size, 2018 & 2027
9.3 Small & Medium Enterprises
9.3.1 Overview
9.3.2 Small & Medium Enterprises Market Forecasts and Analysis
9.4 Large Enterprises
9.4.1 Overview
9.4.2 Europe Large Enterprises Market Forecasts and Analysis
10. Europe Identity Verification Market Analysis – By Deployment
10.1 Overview
10.2 Europe Identity Verification Market Breakdown, By Deployment, 2018 & 2027
10.3 Cloud- Based Deployment
10.3.1 Overview
10.3.2 Cloud-Based Deployment Market Forecasts and Analysis
10.4 On-Premise Deployment
10.4.1 Overview
10.4.2 On-Premise Deployment Market Forecasts and Analysis
11. Europe Identity Verification Market – Country Analysis
11.1 Overview
11.1.1 Europe Identity Verification Market Revenue and Forecasts to 2027 (US$ Mn)
11.1.2 Europe Identity Verification Market Breakdown, By Key Countries
11.1.2.1 Germany identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.1.2.1.1 Germany Identity Verification Market Breakdown by Component
11.1.2.1.2 Germany Identity Verification Market Breakdown by Deployment
11.1.2.1.3 Germany Identity Verification Market Breakdown by Organization Size
11.1.2.1.4 Germany Identity Verification Market Breakdown by End User
11.1.2.2 UK identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.1.2.2.1 UK Identity Verification Market Breakdown by Component
11.1.2.2.2 UK Identity Verification Market Breakdown by Deployment
11.1.2.2.3 UK Identity Verification Market Breakdown by Organization Size
11.1.2.2.4 UK Identity Verification Market Breakdown by End User
11.1.2.3 France identity verification market Revenue and Forecasts to 2027 (US$ MN)
11.1.2.3.1 France Identity Verification Market Breakdown by Component
11.1.2.3.2 France Identity Verification Market Breakdown by Deployment
11.1.2.3.3 France Identity Verification Market Breakdown by Organization Size
11.1.2.3.4 France Identity Verification Market Breakdown by End User
11.1.2.4 Italy identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.1.2.4.1 Italy Identity Verification Market Breakdown by Component
11.1.2.4.2 Italy Identity Verification Market Breakdown by Deployment
11.1.2.4.3 Italy Identity Verification Market Breakdown by Organization Size
11.1.2.4.4 Italy Identity Verification Market Breakdown by End User
11.1.2.5 Russia identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.1.2.5.1 Russia Identity Verification Market Breakdown by Component
11.1.2.5.2 Russia Identity Verification Market Breakdown by Deployment
11.1.2.5.3 Russia Identity Verification Market Breakdown by Organization Size
11.1.2.5.4 Russia Identity Verification Market Breakdown by End User
11.1.2.6 Rest of Europe identity verification market Revenue and Forecasts to 2027 (US$ Mn)
11.1.2.6.1 Rest of Europe Identity Verification Market Breakdown by Component
11.1.2.6.2 Rest of Europe Identity Verification Market Breakdown by Deployment
11.1.2.6.3 Rest of Europe Identity Verification Market Breakdown by Organization Size
11.1.2.6.4 Rest of Europe Identity Verification Market Breakdown by End User
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 Acuant, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 Swot Analysis
13.1.6 Key Developments
13.2 Authenteq
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 Swot Analysis
13.2.6 Key Developments
13.3 Experian plc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Gemalto N.V. (Thales Group)
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 IDEMIA
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Product and Services
13.5.4 Financial Overview
13.5.5 Swot Analysis
13.5.6 Key Developments
13.6 Jumio Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Swot Analysis
13.6.5 Key Developments
13.7 LexisNexis
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 SWOT Analysis
13.7.5 Key Developments
13.8 Mitek Systems, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Onfido
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 SWOT Analysis
13.9.5 Key Developments
13.10 Trulioo
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Swot Analysis
13.10.5 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
14.3 Methodology
14.3.1 Coverage
14.3.2 Secondary Research
14.3.3 Primary Research

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