Global Identity Verification Market to Grow with a CAGR of 16.32% During 2021-2030
In one of the statistics by the Consumer Sentinel Network of the Federal Trade Commission (FTC) of the United States, the total number of identity theft cases recorded in the United States in the year 2020 was 1387615 cases. This represented a share of 29.39% out of the total number of cases reported that year. The statistics portray the growing incidences of identity thefts and other fraudulent activities, which is driving the need amongst businesses to adopt safety measures such as identity verification systems. There is a rising concern amongst businesses worldwide to safeguard the data of their customers, which is also driving the need for the adoption of identity verification systems. Besides this, the increasing initiatives of the government of nations worldwide on developing stringent policies for lowering cybercrime is also anticipated to drive the growth of the global identity verification market. The global identity verification market is anticipated to grow with...