Pune, Maharashtra -- (SBWIRE) -- 10/24/2023 -- The latest study released on Global E-KYC Market by HTF MI Research evaluates market size, trend, and forecast to 2029. The market Study is segmented by key a region that is accelerating the marketization. The E-KYC market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
Acuant (United States), EverCompliant (United States), Jumio Corporation (United States), Onfido (United Kingdom), Financial Software & Systems Pvt. Ltd. (India), Au10tix (Israel), 63 Moons Technologies Ltd. (India), Trust Stamp (United States), Panamax (United States).
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According to HTF Market Intelligence, the Global E-KYC market is segmented by Deployment Mode (On-Premise, Cloud-Based) by Product (By Product, Video Verification, Digital ID Schemes, Identity Authentication and matching) by End-User (Insurance Companies, Financial Institutions, Banks, Government Entities, Telecom Companies, E-payment Service Providers).
Definition:
Electronic Know Your Customer or E-KYC is a procedure wherein the customer's identity is identified and verified. The process consists of a series of checks at the first time of relationship with the customer. It basically verifies who the person is and cross-checks that he is who he says he is, taking into consideration all the documents and his personification. The electronic know your customer or E-KYC is the electronic process that is used by various organizations and enterprises like banks, offices, telecom companies, financial institutions, insurance companies, and others. In this process, the customer's identity and the address where he is staying are verified with all the possible sources with the help of electronic technology. This process provides customers with a better experience rather than the manual process of verification which takes a lot of time. E-KYC is the expression used to describe the digitalization and the online conception of the KYC process. The E-KYC process also minimizes the cost of the process of verification. Falsification of identity, forging signatures and phishing are very common. Specialist businesses dedicated to technical compliance solutions have developed completely secure E-KYC processes with zero margins for the commission of these counterfeiting offenses and related crimes.
Market Trends:
- The Rising Number of Identity-Related Frauds
- Increasing Cloud Adoption, Growing Internal and External Threats, And the Internet of Things (IoT)
Market Drivers:
- Escalating Requirement for Minimizing Manual Errors
- Increase in Services like Digital Payment and Digital Onboarding
- Increasing Importance of Compliance Management
Market Opportunities:
- Ease in Conducting Transactions & Account Opening
- Reduction in Compliance Cost Thus Making It Easier to Serve to Low-Income Customers
Major Highlights of the E-KYC Market Report Released by HTF MI:
Market Breakdown by Deployment Mode (On-Premise, Cloud-Based) by Product (By Product, Video Verification, Digital ID Schemes, Identity Authentication and matching) by End-User (Insurance Companies, Financial Institutions, Banks, Government Entities, Telecom Companies, E-payment Service Providers) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global E-KYC market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders make sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
- -To carefully analyze and forecast the size of the E-KYC market by value and volume.
- -To estimate the market shares of major segments of the E-KYC market.
- -To showcase the development of the E-KYC market in different parts of the world.
- -To analyze and study micro-markets in terms of their contributions to the E-KYC market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the E-KYC market.
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the E-KYC market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Points Covered in Table of Content of Global E-KYC Market:
Chapter 01 – E-KYC Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global E-KYC Market – Pricing Analysis
Chapter 05 – Global E-KYC Market Background
Chapter 06 — Global E-KYC Market Segmentation
Chapter 07 – Key and Emerging Countries Analysis in Global E-KYC Market
Chapter 08 – Global E-KYC Market Structure Analysis
Chapter 09 – Global E-KYC Market Competitive Analysis
Chapter 10 – Assumptions and Acronyms
Chapter 11 – E-KYC Market Research Methodology
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Key questions answered:
- How feasible is the E-KYC market for long-term investment?
- What are the influencing factors driving the demand for E-KYC near future?
- What is the impact analysis of various factors in the Global E-KYC market growth?
- What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, or Southeast Asia.
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