"Regional Overview of Executive Summary Middle East and Africa Identity Verification and Authentication Market by Size and Share

CAGR Value

Data Bridge Market Research analyses that the market is growing with a CAGR of 16.2% in the forecast period of 2021 to 2028 and is expected to reach USD 8,865.73 million by 2028.

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Middle East and Africa Identity Verification and Authentication Market Introduction

Segments

• Based on component, the Middle East and Africa Identity Verification and Authentication Market can be segmented into solutions and services. The solutions segment is further divided into identity proofing, authentication, and identity analytics. The services segment includes professional services and managed services. With the increasing need for secure online transactions and identity verification, the solutions segment is expected to dominate the market during the forecast period.
• On the basis of deployment mode, the market is categorized into cloud and on-premises. The cloud deployment mode is witnessing significant traction due to its scalability, flexibility, and cost-effectiveness. Many organizations in the region are opting for cloud-based identity verification and authentication solutions to enhance their security infrastructure and streamline operations.
• In terms of organization size, the market is segmented into large enterprises and small & medium-sized enterprises (SMEs). Large enterprises are investing heavily in advanced identity verification and authentication technologies to safeguard their digital assets and sensitive information. On the other hand, SMEs are realizing the importance of robust identity solutions and are gradually adopting them to mitigate the risks associated with cyber threats and data breaches.

Market Players

• NEC Corporation
• GBG
• AU10TIX
• Acuant
• Jumio
• Trulioo
• IDEMIA
• Authenteq