Germany Identity Verification and Authentication Market – Industry Trends and Forecast to 2030

Germany Identity Verification and Authentication Market Analysis and Size

Identity verification and authentication refers to the services and solutions used to verify and authenticate a person's physical identity or their documents, such as a driver's license, passport, or nationally-issued identity document. The Germany identity verification and authentication market is growing rapidly due to increasing demand for near-field communication (NFC) technologies. The companies are even launching new solutions to gain a larger market share. The increasing adoption of digital payments by customers has highly boosted the growth of the Germany identity verification and authentication market. Growing technological innovations in industries are boosting the market growth. Identity verification requires high initial capital for installation, maintenance and other technical expertise costs that may restrain the market growth.

Data Bridge Market Research analyzes that the Germany identity verification and authentication market is expected to reach a value of USD 2,056.56 million by 2030, at a CAGR of 17.6% during the forecast period. Solutions in identity verification and authentication account for the most prominent modules mode segment. This market report also covers pricing analysis, patent analysis and technological advancements in depth.

Market Definition

Identity verification refers to the services and solutions used to verify the authenticity of a person's physical identity or their documents, such as a driving license, passport, or nationally issued identity document and others. Identity verification is an important process that ensures a person's identity matches the one it is supposed to be. Identity verification solutions and services ensure that a real person is operating behind a process and proves who they claim to be, preventing false identities or committing fraud. Identity verification is an essential requirement in many business processes and procedures.

Germany Identity Verification and Authentication Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail below:

Drivers

• Increasing demand for near-field communication (NFC) technologies

Near Field Communication (NFC) is a contactless communication technology based on a radio frequency (RF) with a working frequency of 13.56 MHz. NFC technology is designed to exchange data between two electronic devices through a simple touch. In recent times NFC technology has gained immense popularity owing to factors such as COVID cries across the globe and the contactless services offered by these devices during these cries.

• Heighten dependency on cloud identity and access management solutions

Identity and access management (IAM) solutions are a set of security disciplines that enables the right individuals to access the right content for the right intention. Identity and access management solutions ensure the user's identity before the content's usage. IAM solutions have existed for quite some time; initially, companies and enterprises were deploying on-premises identity and access management (IAM) software to manage identity and access strategies. But in recent times, technological advancement has led to the growth of cloud-based identity and access management (IAM) solutions or cloud-based Identity-as-a-Service (IDaaS). Cloud technologies aided with artificial intelligence (AI), machine learning (ML) and deep learning have the upper hand on on-premises technologies.

• Growing adoption of Identity verification and authentication solutions

Identity verification and authentication refers to the services and solutions used to verify and authenticate a person's physical identity or their documents, such as a driver's license, passport, or nationally-issued identity document. Identity verification and authentication is an important process that ensures a person's identity matches the one it is supposed to be.

Restraints/Challenges

• Surge in fraudulent activities

Identity verification and authentication solutions and services ensure that a real person is operating behind a process and proves that the one is who he or she claims to be, preventing false identities from committing fraud. Identity verification and authentication are essential requirements in various businesses.

• Lack of awareness regarding identity verification and authentication solutions

There is a huge demand for digitization and technological advancement across industries in various countries. Identity verification and authentication solutions allow organizations to quickly verify the digital identities of new and existing customers.

• High initial cost

Identity verification and authentication involve software, solution and services to ensure that a real person is operating behind a process. Verification and authentication of a person's identity is a crucial process for a business and incurs high costs.

Post-COVID-19 Impact on Germany Identity Verification and Authentication Market

COVID-19 created a major impact on the Germany identity verification and authentication market as almost every country opted for a shutdown of every production facility except the ones dealing in producing essential goods. The government took some strict actions, such as shutting down the production and sale of non-essential goods, blocking international trade and many more to prevent the spread of COVID-19. The only business operating during this pandemic was the essential services allowed to open and run the processes.

Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple R&D activities to improve the technology involved in the industrial hoses. The companies will bring advanced and accurate solutions to the market. In addition, government initiatives to boost international trade have led to market growth.

Recent Developments

• In September 2022, IDnow collaborated with adobe document cloud to simplify their digital signature services for their customer base. The authentication capabilities will also be available to customers using acrobat sign through platforms such as google, salesforce. This step will help the company grow and expand its solution portfolio with enhanced solutions and services for its customer base
• In October 2021, Thales Group launched a voice biometric authentication solution. The key feature of this solution was improved fraud identity and knowledge-based authentication capabilities. This solution was designed for mobile id verifications for call center operators. This solution helped the company to expand its market and improve its solution portfolio

Germany Identity Verification and Authentication Market Scope

يتم تقسيم سوق التحقق من الهوية والمصادقة في ألمانيا إلى خمسة قطاعات بارزة بناءً على المكون والنوع وطريقة النشر وحجم المنظمة والقطاع الرأسي. سيساعدك النمو بين هذه القطاعات على تحليل قطاعات النمو الضئيلة في الصناعات وتزويد المستخدمين بنظرة عامة قيمة على السوق ورؤى السوق لمساعدتهم على اتخاذ قرارات استراتيجية لتحديد تطبيقات السوق الأساسية.

عن طريق العرض

• الحلول
• خدمات

فيما يتعلق بالعرض، يتم تقسيم سوق التحقق من الهوية والمصادقة في ألمانيا إلى حلول وخدمات.

حسب النوع

• غير البيومترية
• القياسات الحيوية

من حيث النوع، يتم تقسيم سوق التحقق من الهوية والمصادقة في ألمانيا إلى القياسات الحيوية وغير الحيوية.

حسب النشر

• في الموقع
• سحاب

على أساس النشر، يتم تقسيم سوق التحقق من الهوية والمصادقة في ألمانيا إلى السحابة والمحلية.

حسب حجم المنظمة

• الشركات الكبيرة
• الشركات المتوسطة
• الشركات الصغيرة

على أساس حجم المنظمة، يتم تقسيم سوق التحقق من الهوية والمصادقة في ألمانيا إلى شركات كبيرة وشركات متوسطة وشركات صغيرة.

بالعمودي

• الحكومة الالكترونية
• الخدمات المصرفية/المالية
• تأمين
• آحرون

على أساس عمودي، يتم تقسيم سوق التحقق من الهوية والمصادقة في ألمانيا إلى الحكومة الإلكترونية والخدمات المصرفية/المالية والتأمين وغيرها.

تحليل المنافسة وحصة سوق التحقق من الهوية والمصادقة في ألمانيا

يوفر المشهد التنافسي لسوق التحقق من الهوية والمصادقة في ألمانيا تفاصيل عن المنافسين. تتضمن التفاصيل نظرة عامة على الشركة، والبيانات المالية للشركة، والإيرادات المولدة، وإمكانات السوق، والاستثمار في البحث والتطوير، ومبادرات السوق الجديدة، والحضور العالمي، ومواقع الإنتاج والمرافق، والقدرات الإنتاجية، ونقاط القوة والضعف في الشركة، وإطلاق المنتج، وعرض المنتج ونطاقه وهيمنة التطبيق. ترتبط نقاط البيانات المذكورة أعلاه فقط بتركيز الشركات فيما يتعلق بسوق التحقق من الهوية والمصادقة في ألمانيا.

بعض اللاعبين الرئيسيين العاملين في سوق التحقق من الهوية والمصادقة في ألمانيا هم Onfido و IDEMIA و Thales Group و Shufti Pro و Jumio و IDnow. و Trulioo و Authenteq و Prove Identity، Inc. و Entrust Corporation و keyp GmbH و Bare.ID، من بين آخرين.

SKU-69497