Middle East and Africa Identity Verification Market Growing Impressive Business Opportunities, Global Demand, Future Scope and Forecast To 2028
The identity verification market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 11.7% in the forecast period of 2021 to 2028 and is expected to reach USD 1,452.71 million by 2028. Growing demand for research and development activities is acting as major factor for the growth of the identity verification market. Identity verification refers to the services and solutions which are used to verify the authenticity of physical identity of a person or their documents such as a driver’s license, passport or a nationally issued identity document and others. Identity verification is an important process which ensures a person’s identity matches the one that is supposed to be. The rising fraudulent activities and identity theft, creates a need to adopt identity verification solutions and acts as a major driving factor for the growth of the identity verification market. Iden...