“Federal Fair Credit Reporting Act (FCRA) 15 U.S.C. sec. 1681 et seq.”, “15 U.S.C. 1681c-1 - Identity theft prevention; fraud alerts and active duty alerts” and “If a consumer contacts any consumer reporting agency that is not described in section 1681a(p) of this title to communicate a suspicion that the consumer has been or is about to become a victim of fraud or related crime including identity theft the agency shall provide information to the consumer on how to contact the Bureau and the consumer reporting agencies described in section 1681a(p) of this title to obtain more detailed information and request alerts under this section.”

According to the report, The trend of the identity verification process by using advanced technologies AI and biometric technologies is one of the primary growth factors for the market. Demand for more sophisticated ID verification measures is required to prevent fraud and satisfy regulatory requirements. The technology is becoming more and more prevalent across industries its adoption on the consumer side has been arguably spearheaded by the innovative tech is also expected to contribute significantly to the Id Verification market. Overall, applications of Id Verification, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Deployment Mode, such as On-premise, is boosting the Id Verification market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Organization Size, such as Small enterprises, is boosting the Id Verification market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Industry Verticals, such as BFSI, is boosting the Id Verification market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Components , such as Solutions, is boosting the Id Verification market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Id Verification market identified that the demand is rising in many different parts of the world as "The growing number of financial frauds in businesses is influencing the rise of identity verification solutions for businesses ". Furthermore, some recent industry insights like "In July 2020 Trulioo, the Canadian company leading provider of identity verification Launches Facial Recognition, Document Verification Product. It will enable small and medium-sized businesses (SMBs) to provide the same level of online protection to their customers as global conglomerates." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Id Verification market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Id Verification market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.