Global Identity Verification Market TOC
Regionally, the global identity verification market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America industry is anticipated to garner the largest revenue share of 38% by 2036, attributed to availability of stringent government norms and policies to reduce cybercrime activities, as well growing prevalence of identity thefts in the region can primarily be attributed to the availability of stringent government norms and policies to reduce cybercrime activities, as well the growing prevalence of identity thefts in the region. In the other statistics by the Consumer Sentinel Network of the FTC, the total number of frauds, identity theft and other reports recorded in the United States grew from 325519 cases in the year 2001 to 4720743 cases in the year 2020.
On the other hand, the market in the Asia Pacific is anticipated to grow with the highest CAGR of 17.44% during the forecast period. The market in the region is further segmented by country into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. Out of these, the market in China is expected to generate the largest revenue of USD 3550.32 Million by the end of 2030, up from a revenue of USD 677.93 Million in the year 2020.
Author Credits: Abhishek Verma
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