Identity Verification Market Size in Terms of Revenue to Hit $18.6 Billion by 2027
According to report published by MarketsandMarkets™, the Identity Verification Market size is projected to grow from USD 9.5 billion in 2022 to USD 18.6 billion by 2027, at a compound annual growth rate (CAGR) of 14.4% during the forecast period. Factors driving the market growth include increasing identity thefts and growing risks of fraudster access, stringent government regulations and mandates concerning privacy, and a rise in digitalization initiatives.
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