The primary drivers for the identity verification market include increasing demand for digital identity solutions in various industries, growing concerns over data privacy and security, and rising instances of identity theft and online fraud. The identity verification market industry is projected to grow from USD 13.83 billion in 2022 to USD 35.25 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.30% during the forecast period (2022 – 2030).
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Overall , the identity verification market is expected to continue to grow in the coming years, driven by the increasing demand for secure and reliable digital identity solutions.
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