Identity Verification Market Growth Projected to Hit $21.8 Billion by 2028
Thursday, 21 March 2024, 14:00
Identity Verification Market Overview
The global Identity Verification Market is on track to double its value from USD 10.9 billion in 2023 to USD 21.8 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 14.9%.
Key Drivers
- Rising incidence of identity theft
- Increasing concerns related to cybersecurity
- Stringent regulatory requirements
Market Growth
- Projected growth rate: 14.9%
- Expected market value by 2028: USD 21.8 billion
The sector is anticipated to experience a surge in demand for cutting-edge identity verification solutions to combat emerging threats.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.