Identity Capture and Verification is Essential for Enterprises in the Digital Age

 


Quadrant Knowledge Solutions Reveals that Identity Capture and Verification Projected to Register a CAGR of 27.60% by 2028. 

Identity Capture and Verification plays a crucial role in enabling enterprises to verify and authenticate genuine users through government-issued documents such as passports, driver's licenses, national IDs, or biometric information. This process ensures the authenticity of individuals, contributing to a more secure and reliable verification system.

Key functionalities of identity capture and verification include ID verification, document verification, facial biometric verification, and liveness detection. These capabilities enhance security and confirm individual authenticity in the digital age. Omnichannel support further streamlines these processes, providing a seamless and secure user experience across various platforms.

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Key questions this study will answer:

·       At what pace is the Identity Capture and Verification market growing?

·       What are the key market accelerators and market restraints impacting the global Identity Capture and Verification market?

·       Which industries offer maximum growth opportunities during the forecast period?

·       Which global region expects maximum growth opportunities in the Identity Capture and Verification market?

·       Which customer segments have the maximum growth potential for the Identity Capture and Verification solution?

·       Which deployment options of Identity Capture and Verification solutions are expected to grow faster in the next 5 years?

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Strategic Market Direction:

The Identity Capture and Verification market is moving towards modern identity verification solutions that leverage AI and machine learning technologies. These solutions provide robust, flexible, scalable, and reliable architectures, enabling organizations to implement them based on their unique needs and business requirements. The verification and authentication process allows businesses to conduct real-time user verification and authentication, thus preventing fraudulent activities.

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Vendors Covered in the study:

This study includes an analysis of key vendors, including AEB, Bamboo Rose, Cargosmart, Descartes System Group, E2open, Freightgate, LOG-NET, MIC Customs, OCR GTM, Oracle, QAD Precision, SAP, S&P Global, Thomson Reuters and, WiseTech Global.

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