Middle East & Africa Identity Verification Market by Service, Application (Access Control & User Monitoring, KYC, KYB & Onboarding, Identity Fraud Compliance & Forensics), & Type (Biometrics, Non-Biometrics) - Forecast to 2030

icon1
USD 2.38 BN
MARKET SIZE, 2030
icon2
CAGR 15.2%
(2025-2030)
icon3
200
REPORT PAGES
icon4
100
MARKET TABLES

OVERVIEW

middle-east-africa-identity-verification-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The Middle East and Africa identity verification market is projected to reach USD 2.38 billion by 2030 from USD 1.17 billion in 2025, at a CAGR of 15.2% during the forecast period. The increasing adoption of digital technologies and the rise in telecommuting are driving the demand for secure identity verification systems. Investments in digital banking, mobile payment systems, e-government platforms, and telecommunications identity verification are on the rise. Key countries like the UAE and Saudi Arabia are advancing their national digital identity initiatives, while many African economies are improving biometric SIM card registration and mobile money verification systems.

KEY TAKEAWAYS

  • BY COUNTRY
    By country, South Africa is projected to grow at the fastest rate during the forecast period.
  • BY OFFERING
    By offering, the services segment is estimated to grow at the highest CAGR during the forecast period.
  • BY TYPE
    By type, the biometrics segment is expected to witness the highest CAGR of 17.2% during the forecast period.
  • BY ORGANIZATION SIZE
    By organization size, the large enterprises segment is expected to account for the largest market share from 2025 to 2030.
  • BY DEPLOYMENT MODE
    By deployment mode, the cloud segment is projected to grow at the highest CAGR of 16.7% during the forecast period.
  • BY APPLICATION
    By application, the KYC, KYB, & onboarding segment is expected to hold the largest market size during the forecast period.
  • BY VERTICAL
    By vertical, the gaming & gambling segment is projected to register the highest CAGR of 21.6% from 2025 to 2030.
  • COMPETITIVE LANDSCAPE - KEY PLAYERS
    Idemia, LexisNexis Risk Solutions, and Experian stand out in the Middle East and Africa. Their cutting-edge biometric technologies and ready-to-use solutions help governments implement national ID programs and expand their digital services.
  • COMPETITIVE LANDSCAPE - STARTUP & SME
    Among startups, Shufti Pro, AU10TIX, and Digified are growing rapidly. Their dynamic, AI-driven solutions are particularly well-suited for the fintech sector and money transfer services.

The expansion of online shopping and mobile commerce in the Middle East and Africa is reshaping identity verification needs. Investment is increasing in cross-border e-commerce, digital marketplaces, and last-mile delivery platforms. Countries such as Saudi Arabia and the UAE are linking digital identity systems to e-commerce and logistics ecosystems, while African markets are using identity checks to support mobile merchants and informal sellers. Advanced identity checks reduce transaction risk and help businesses scale digital operations with minimal friction.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The Middle East & Africa identity verification market is transitioning from traditional solutions to AI-based biometrics and automated verification. The increasing adoption of digital banking, telecom services, cross-border transactions, and e-governance services is contributing to this shift. The growing threat of fraud and subsequent industry regulations have made these developments inevitable. The BFSI, government, telecom, fintech, and travel industries in the Middle East & Africa thus require secure, user-friendly verification solutions. The next phase in this market will be driven by the growing prevalence of synthetic identities and deepfake fraud. Mobile services and remote onboarding in the industry are altering the demands for verification solutions.

middle-east-africa-identity-verification-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Expansion of national digital ID and e-government programs
  • Growth of digital banking, fintech, and mobile money ecosystems
RESTRAINTS
Impact
Level
  • Data privacy and regulatory uncertainty
  • Limited awareness and trust in digital identity technologies
OPPORTUNITIES
Impact
Level
  • Growing demand for biometric solutions across public and private sectors
  • Expansion of financial inclusion and digital identity for the unbanked
CHALLENGES
Impact
Level
  • Rising sophistication of fraud and identity crime
  • Integration complexity with legacy and fragmented systems

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Expansion of national digital ID and e-government programs

The rapid rollout of national digital ID systems and growing adoption of e-government platforms are significantly increasing the need for secure, reliable identity verification. As public services, social benefits, and healthcare records move online, strong verification becomes essential to ensure trust, reduce fraud, and streamline citizen interactions. This shift is driving widespread adoption of biometrics, remote onboarding, and AI-enabled verification technologies.

Restraint: Data privacy and regulatory uncertainty

Fragmented data protection laws and unclear regulations remain a key restraint for identity verification adoption. Organizations face uncertainty around biometric data use, user consent, and data residency requirements, which slows decision-making. Inconsistent enforcement and changing privacy expectations add further complexity. These restraints increase compliance effort and operational risk, especially for cloud-based, AI-driven, and cross-border identity verification solutions.

Opportunity: Growing demand for biometric solutions across public and private sectors

One of the major opportunities in the Middle East & Africa identity verification market is the growing demand for biometric solutions from both the public and private sectors. The growth of fingerprint, facial, and iris recognition technologies is being propelled by rapid digitalization, rising security concerns, and government-run identity programs. These solutions facilitate safe citizen services, financial inclusion, border control, and fraud prevention in the region.

Challenge: Rising sophistication of fraud and identity crime

The rising prevalence of fraud and identity crime presents a significant challenge for identity verification. Fraudsters are becoming increasingly skilled at exploiting remote onboarding processes using innovative techniques. They utilize deepfakes, fake identities, social engineering tactics, and stolen identification documents. As these methods continue to evolve, it is essential for organizations to stay one step ahead. Implementing layered verification processes can help organizations effectively combat these threats.

MIDDLE EAST & AFRICA IDENTITY VERIFICATION MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Implementation of Jumio’s identity verification to automate KYC onboarding for iCard, replacing a five-minute manual video-chat identity check and enabling instant ID authenticity and selfie matching at scale. Eliminated slow manual video checks, increased onboarding efficiency, and fraud detection | Delivered a 35% lift in conversion in the first year and reduced manual review costs while maintaining compliance.
Deployment of Trulioo’s Global Identity Platform and data sources to verify customers for eToro’s international onboarding as the platform expanded into new markets. Provided high match rates via a large marketplace of data sources, enabled rapid market expansion with compliant customer onboarding, reduced manual KYC workload and improved onboarding completion as eToro scaled globally.
Implementation of GBG’s ID verification solution (via ID3global) for Revolut to accelerate user identity verification during sign-up and KYC, cutting manual processes and streamlining onboarding. Sign-up time drastically dropped (from ~70 minutes to ~2 minutes), improving user experience and pass-rate. This speed and reliability helped onboarding scale for a large global customer base, while reducing risk and compliance overhead.
Implemented biometric enrollment and secure ID issuance for civil registries, enabling large-scale national identity programs. Reduced identity fraud, ensured unique identification, enabled public service access, and supported social inclusion.
Automated ID, video, and biometric verification for payments, gaming, and telecom to meet KYC/AML. Faster customer onboarding (under 60 seconds in many cases), lower fraud risk thanks to AI and biometric checks, global scalability, and improved user experience.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The Middle East & Africa identity verification ecosystem comprises biometrics, authentication facilities, document checks, identity databases, fraud detection systems, and compliance platforms that work together to provide a secure approach to identity verification. Biometric and authentication layers establish a user’s identity, while verification platforms support compliant onboarding and risk assessment. Sectors such as BFSI, retail, healthcare, government, and gaming rely on these capabilities to minimize fraud, protect sensitive information, and secure digital interactions in an increasingly online environment.

middle-east-africa-identity-verification-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

middle-east-africa-identity-verification-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Middle East & Africa Identity Verification Market, by Offering

The solutions segment is expected to account for the largest revenue share in 2025, driven by growing demand for safe, automated identity verification services. Organizations are employing AI-driven document verification solutions, biometric verification, and risk analysis to combat the growing threats related to fraud. These solutions help to improve the security and accelerate onboarding.

Middle East & Africa Identity Verification Market, by Type

The biometric solutions segment is expected to lead the Middle East & Africa identity verification market in 2025, as governments, banks, and enterprises accelerate adoption of fingerprint, facial, iris, and voice authentication. These technologies offer high accuracy, convenience, and real-time identity assurance, helping combat identity theft and digital fraud. Their uptake is particularly strong in financial services, public-sector authentication programs, healthcare access systems, and telecom SIM registration environments.

Middle East & Africa Identity Verification Market, by Organization Size

The large enterprises segment is anticipated to capture the largest revenue share in 2025, supported by the need to manage vast user databases, strengthen compliance, and mitigate fraud risks. Large banks, telecom operators, government agencies, and MNCs increasingly deploy advanced identity verification platforms with biometric checks, automated KYC workflows, and continuous monitoring to secure transactions, maintain audit integrity, and support multi-location operations.

Middle East & Africa Identity Verification Market, by Deployment Mode

On-premises solutions are expected to account for the largest share of the Middle East & Africa identity verification market in 2025. It is preferred for achieving total control over citizen and customer information. Stringent data sovereignty policies have increased demand for on-premises solutions. These solutions can handle a large number of identities and support legacy environments.

Middle East & Africa Identity Verification Market, by Application

The KYC, KYB, and onboarding segment is projected to dominate in 2025, fueled by expanding digital banking, mobile-money services, fintech growth, and rising e-commerce penetration. Organizations are adopting biometric verification, AI-driven document authentication, and automated risk scoring to reduce onboarding fraud, meet regulatory requirements, and improve customer experience. Faster, compliant identity verification has become essential as digital transactions rise across the region.

Middle East & Africa Identity Verification Market, by Vertical

The BFSI segment is anticipated to account for the largest share of the Middle East & Africa identity verification market in 2025. The rising adoption of safe digital payment systems, mobile banking, remittance, and instant money transfers is fueling this growth. The growing awareness of digital fraud threats is prompting banks and fintech companies to adopt sophisticated verification technology.

REGION

South Africa to be the fastest-growing region in Middle East & Africa identity verification market during the forecast period

South Africa is one of the fastest-growing identity verification markets in the Middle East & Africa. The rise in digital services, along with a surge in cybercrime incidents, is a key driver of demand for identity verification solutions. As digitalization expands and the need to safeguard user information grows, the adoption of these solutions in South Africa is expected to continue rising.

middle-east-africa-identity-verification-market Region

MIDDLE EAST & AFRICA IDENTITY VERIFICATION MARKET: COMPANY EVALUATION MATRIX

In the Middle East & Africa identity verification market, LexisNexis Risk Solutions (Star) leads with AI-driven identity verification, fraud detection, and compliance solutions across banking, fintech, telecom, and public sectors. IDEMIA (Emerging Leader) strengthens its position through high-assurance biometric authentication, automated document verification, and scalable onboarding. As demand for secure and compliant verification grows, IDEMIA is well positioned to move closer to the leaders’ segment in the region.

middle-east-africa-identity-verification-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 1.02 Billion
Market Forecast in 2030 (Value) USD 2.38 Billion
Growth Rate CAGR of 15.2% from 2025–2030
Years Considered 2019–2030
Base Year 2024
Forecast Period 2025–2030
Units Considered Value (USD Million/Billion)
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Segments Covered
  • By Offering:
    • Solutions
    • Services
  • By Type:
    • Biometrics
    • Non-biometrics
  • By Organization Size:
    • Large Enterprises
    • Small & Medium-sized Enterprises (SMEs)
  • By Deployment Mode:
    • Cloud
    • On-premises
  • By Application:
    • Access Control & User Monitoring
    • KYC
    • KYB
    • & Onboarding
    • Identity Fraud Compliance & Forensics
  • By Vertical:
    • BFSI
    • Retail & E-commerce
    • Government & Defense
    • Healthcare & Life Sciences
    • IT & ITeS
    • Telecommunications
    • Energy & Utilities
    • Education
    • Gaming & Gambling
    • Other Verticals

WHAT IS IN IT FOR YOU: MIDDLE EAST & AFRICA IDENTITY VERIFICATION MARKET REPORT CONTENT GUIDE

middle-east-africa-identity-verification-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Leading Solution Provider (MEA) Product Analysis: Middle East & Africa identity verification product landscape offering a detailed comparison of each vendor's solutions, including biometric authentication, AI-powered identity matching, document verification, and fraud detection capabilities. Enhanced understanding of vendor positioning, product differentiation, and innovation strategies to guide informed business decisions in the Middle East & Africa identity verification market.
Leading Service Provider (MEA) Company Information: In-depth profiling and evaluation of additional market participants (up to 5), highlighting their technological expertise, solution portfolios, product functionalities, and strategic initiatives tailored to the Middle East & Africa region. Comprehensive view of the regional identity verification ecosystem, highlighting growth opportunities, emerging technological trends, and potential areas for strategic partnerships or collaborative initiatives.

RECENT DEVELOPMENTS

  • December 2025 : Idemia Public Security signed a strategic MoU with Matarat Holding to deploy advanced biometric technologies across 27 airports in Saudi Arabia. This supports Vision 2030 goals for smart, seamless travel and improves passenger experience through digital identity and biometrics.
  • October 2025 : Jumio launched selfie.DONE, a reusable identity solution that allows trusted users to re-verify with just a selfie. While launched globally, this enhances ongoing identity workflows for enterprises scaling in MEA with repeat onboarding needs.
  • September 2025 : Shufti Pro rolled out a Self-Service Portal that allows businesses to activate identity verification, KYC, and AML workflows instantly, removing procurement delays and helping faster market entry across regions including MEA.
  • March 2025 : Experian launched Experian Assistant, an AI-powered virtual assistant in Ascend, streamlining identity verification and real-time fraud analytics for financial institutions.
  • February 2025 : Thales introduced the OneWelcome FIDO Key Lifecycle Management solution to manage FIDO security passkeys at scale, strengthening passwordless authentication and simplifying secure access for enterprises.

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
15
2
EXECUTIVE SUMMARY
 
 
 
 
3
PREMIUM INSIGHTS
 
 
 
 
4
MARKET OVERVIEW
Captures industry movement, adoption patterns, and strategic signals across key end-use segments and regions.
 
 
 
 
 
IDENTIFY GROWTH OPPORTUNITIES AND STRATEGIC GAPS IN THE IDENTITY VERIFICATION IN THE MIDDLE EAST & AFRICA REGION
 
 
 
 
 
4.1
INTRODUCTION
 
 
 
 
4.2
MARKET DYNAMICS
 
 
 
 
 
4.2.1
DRIVERS
 
 
 
 
4.2.2
RESTRAINTS
 
 
 
 
4.2.3
OPPORTUNITIES
 
 
 
 
4.2.4
CHALLENGES
 
 
 
4.3
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNTIES
 
 
 
 
4.4
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
5
INDUSTRY TRENDS
Covers the key developments, trend analysis, and actionable insights to support strategic planning and positioning.
 
 
 
 
 
NAVIGATE INDUSTRY SHIFTS WITH STRATEGIC INSIGHTS FROM COMPETITIVE FORCES AND EVOLVING IDENTITY VERIFICATION TRENDS
 
 
 
 
 
5.1
PORTER’S FIVE FORCES ANALYSIS
 
 
 
 
5.2
SUPPLY CHAIN ANALYSIS
 
 
 
 
 
5.3
VALUE CHAIN ANALYSIS
 
 
 
 
 
5.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.5
MACROECONOMIC OUTLOOK
 
 
 
 
 
5.5.1
INTRODUCTION
 
 
 
 
5.5.2
GDP TRENDS AND FORECAST
 
 
 
 
5.5.3
TRENDS IN MIDDLE EAST & AFRICA ICT INDUSTRY
 
 
 
 
5.5.4
TRENDS IN MIDDLE EAST & AFRICA CYBERSECURITY INDUSTRY
 
 
 
5.6
PRICING ANALYSIS
 
 
 
 
 
5.7
TRADE ANALYSIS
 
 
 
 
 
 
5.7.1
IMPORT SCENARIO (HS CODE 8471)
 
 
 
 
5.7.2
EXPORT SCENARIO (HS CODE 8471)
 
 
 
5.8
TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESS
 
 
 
 
5.9
KEY CONFERENCES AND EVENTS IN 2025-26
 
 
 
 
5.10
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
5.11
CASE STUDY ANALYSIS
 
 
 
6
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS
 
 
 
 
 
HARNESS AL-DRIVEN INNOVATIONS TO REVOLUTIONIZE IDENTITY VERIFICATION AND SECURE FUTURE DIGITAL LANDSCAPES
 
 
 
 
 
6.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
6.3
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
6.4
PATENT ANALYSIS
 
 
 
 
 
6.5
FUTURE APPLICATIONS (AS APPLICABLE)
 
 
 
 
6.6
IMPACT OF AI/GEN AI ON IDENTITY VERIFICATION MARKET IN MIDDLE EAST & AFRICA
 
 
 
 
 
 
6.6.1
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
6.6.2
BEST PRACTICES IN IDENTITY VERIFICATION
 
 
 
 
6.6.3
CASE STUDIES OF AI IMPLEMENTATION IN THE IDENTITY VERIFICATION MARKET
 
 
 
 
6.6.4
INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
6.6.5
CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN THE IDENTITY VERIFICATION MARKET
 
 
7
REGULATORY LANDSCAPE
 
 
 
 
 
NAVIGATE COMPLEX GLOBAL REGULATIONS WITH A COMPREHENSIVE GUIDE TO REGIONAL COMPLIANCE AND INDUSTRY STANDARDS
 
 
 
 
 
7.1
REGIONAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
7.1.2
INDUSTRY STANDARDS
 
 
8
CUSTOMER LANDSCAPE & BUYER BEHAVIOR
 
 
 
 
 
UNCOVER HOW STAKEHOLDER DYNAMICS SHAPE PURCHASING DECISIONS AND REVEAL CRITICAL UNMET INDUSTRY NEEDS
 
 
 
 
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
8.2
BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
 
 
 
 
8.3
ADOPTION BARRIERS & INTERNAL CHALLENGES
 
 
 
 
8.4
UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES
 
 
 
9
MIDDLE EAST & AFRICA IDENTITY VERIFICATION MARKET, BY OFFERING (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
IDENTITY VERIFICATION OFFERING WISE GROWTH POTENTIAL AND PATHWAYS SHAPING THE ADOPTION IN DIVERSE INDUSTRIES
 
 
 
 
 
9.1
INTRODUCTION
 
 
 
 
 
9.1.1
OFFERING: IDENTITY VERIFICATION MARKET DRIVERS
 
 
 
9.2
SOLUTION
 
 
 
 
9.3
SERVICES
 
 
 
 
 
9.3.1
ONBOARDING & KYC COMPLIANCE SERVICES
 
 
 
 
9.3.2
FRAUD DETECTION & PREVENTION SERVICES
 
 
 
 
9.3.3
CONTINUOUS AUTHENTICATION & MONITORING SERVICES
 
 
10
MIDDLE EAST & AFRICA IDENTITY VERIFICATION MARKET, BY TYPE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
IDENTITY VERIFICATION TYPES UNLOCKING GROWTH POTENTIAL ACROSS MULTIPLE INDUSTRIES
 
 
 
 
 
10.1
INTRODUCTION
 
 
 
 
 
10.1.1
TYPE: IDENTITY VERIFICATION MARKET DRIVERS
 
 
 
10.2
BIOMETRIC
 
 
 
 
 
10.2.1
FACE RECOGNITION (LIVENESS DETECTION, 3D FACIAL MAPPING)
 
 
 
 
10.2.2
FINGERPRINT SCANNING (OPTICAL, CAPACITIVE, ULTRASONIC)
 
 
 
 
10.2.3
IRIS RECOGNITION
 
 
 
 
10.2.4
VOICE RECOGNITION
 
 
 
 
10.2.5
OTHERS (VEIN PATTERN, GAIT ANALYSIS)
 
 
 
10.3
NON-BIOMETRIC
 
 
 
 
 
10.3.1
DOCUMENT VERIFICATION (ID AUTHENTICITY, DATA EXTRACTION)
 
 
 
 
10.3.2
KNOWLEDGE-BASED AUTHENTICATION (PERSONAL INFORMATION QUESTIONS)
 
 
 
 
10.3.3
PASSIVE LIVENESS DETECTION (DETECTING REAL PEOPLE VS. DEEPFAKES)
 
 
 
 
10.3.4
SOCIAL MEDIA VERIFICATION
 
 
 
 
10.3.5
PHONE VERIFICATION
 
 
 
 
10.3.6
EMAIL VERIFICATION
 
 
11
MIDDLE EAST & AFRICA IDENTITY VERIFICATION MARKET, BY ORGANIZATION SIZE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
ORGANIZATION SIZE-WISE DEMAND STATISTICS AND GROWTH PATHWAYS SHAPING OT SECURITY ADOPTION IN DIVERSE INDUSTRIES
 
 
 
 
 
11.1
INTRODUCTION
 
 
 
 
 
11.1.1
ORGANIZATION SIZE: IDENTITY VERIFICATION MARKET DRIVERS
 
 
 
11.2
LARGE ENTERPRISES
 
 
 
 
11.3
SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
 
 
 
12
MIDDLE EAST & AFRICA IDENTITY VERIFICATION MARKET, BY DEPLOYMENT MODE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
DEPLOYMENT MODE-WISE STATISTICS AND GROWTH PATHWAYS SHAPING IDENTITY VERIFICATION ADOPTION IN DIVERSE INDUSTRIES
 
 
 
 
 
12.1
INTRODUCTION
 
 
 
 
 
12.1.1
DEPLOYMENT MODE: IDENTITY VERIFICATION MARKET DRIVERS
 
 
 
12.2
CLOUD
 
 
 
 
12.3
ON-PREMISES
 
 
 
13
MIDDLE EAST & AFRICA IDENTITY VERIFICATION MARKET, BY APPLICATION (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
APPLICATION-WISE IDENTITY VERIFICATION TRENDS INFLUENCING MARKET EXPANSION
 
 
 
 
 
13.1
INTRODUCTION
 
 
 
 
 
13.1.1
APPLICATIONS: IDENTITY VERIFICATION MARKET DRIVERS
 
 
 
13.2
ACCESS CONTROL AND USER MONITORING
 
 
 
 
13.3
KYC, KYB AND ONBOARDING
 
 
 
 
13.4
IDENTITY FRAUD COMPLIANCE AND FORENSICS
 
 
 
14
MIDDLE EAST & AFRICA IDENTITY VERIFICATION MARKET, BY VERTICAL (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
SECTOR-SPECIFIC ADOPTION DRIVERS, DEMAND DYNAMICS AND MARKET POTENTIAL ACROSS EACH END-USE INDUSTRY
 
 
 
 
 
14.1
INTRODUCTION
 
 
 
 
 
14.1.1
VERTICAL: IDENTITY VERIFICATION MARKET DRIVERS
 
 
 
14.2
BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
 
 
 
 
14.3
RETAIL & ECOMMERCE
 
 
 
 
14.4
GOVERNMENT & DEFENSE
 
 
 
 
14.5
HEALTHCARE & LIFE SCIENCES
 
 
 
 
14.6
IT & ITES
 
 
 
 
14.7
TELECOMMUNICATION
 
 
 
 
14.8
ENERGY & UTILITIES
 
 
 
 
14.9
EDUCATION
 
 
 
 
14.10
GAMING & GAMBLING
 
 
 
 
14.11
OTHER VERTICALS (MEDIA AND ENTERTAINMENT, TRANSPORTATION AND
 
 
 
 
LOGISTICS, TRAVEL AND HOSPITALITY)
 
 
 
 
15
MIDDLE EAST & AFRICA IDENTITY VERIFICATION MARKET BY COUNTRY (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
15.1
INTRODUCTION
 
 
 
 
 
15.1.1
MIDDLE EAST & AFRICA: MARKET DRIVERS
 
 
 
 
15.1.2
GCC
 
 
 
 
 
15.1.2.1
KSA
 
 
 
 
15.1.2.2
UAE
 
 
 
 
15.1.2.3
REST OF GCC COUNTRIES
 
 
 
15.1.3
SOUTH AFRICA
 
 
 
 
15.1.4
REST OF MIDDLE EAST & AFRICA
 
 
16
COMPETITIVE LANDSCAPE
 
 
 
 
 
UNCOVER KEY PLAYER STRATEGIES AND MARKET SHIFTS SHAPING COMPETITIVE DYNAMICS AND VALUATION IN
 
 
 
 
 
16.1
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023-2025
 
 
 
 
16.2
REVENUE ANALYSIS,
 
 
 
 
 
16.3
COMPANY VALUATION AND FINANCIAL METRICS,
 
 
 
 
16.4
MARKET SHARE ANALYSIS,
 
 
 
 
 
16.5
BRAND/PRODUCT COMPARISON,
 
 
 
 
 
16.6
COMPANY EVALUATION MATRIX: KEY PLAYERS,
 
 
 
 
 
 
16.6.1
STARS
 
 
 
 
16.6.2
EMERGING LEADERS
 
 
 
 
16.6.3
PERVASIVE PLAYERS
 
 
 
 
16.6.4
PARTICIPANTS
 
 
 
 
16.6.5
COMPANY FOOTPRINT: KEY PLAYERS
 
 
 
 
 
16.6.5.1
COMPANY FOOTPRINT
 
 
 
 
16.6.5.2
REGION FOOTPRINT
 
 
 
 
16.6.5.3
OFFERING FOOTPRINT
 
 
 
 
16.6.5.4
DEPLOYMENT MODE FOOTPRINT
 
 
 
 
16.6.5.5
VERTICAL FOOTPRINT
 
 
16.7
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
 
 
 
 
 
 
16.7.1
PROGRESSIVE COMPANIES
 
 
 
 
16.7.2
RESPONSIVE COMPANIES
 
 
 
 
16.7.3
DYNAMIC COMPANIES
 
 
 
 
16.7.4
STARTING BLOCKS
 
 
 
 
16.7.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES
 
 
 
 
 
16.7.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
16.7.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
16.8
COMPETITIVE SCENARIO
 
 
 
 
 
16.8.1
NEW LAUNCHES
 
 
 
 
16.8.2
DEALS
 
 
17
COMPANY PROFILES
 
 
 
 
 
IN-DEPTH COMPANY PROFILES OF LEADING MARKET PLAYERS WITH DETAILED BUSINESS OVERVIEW, PRODUCT AND SERVICE PORTFOLIO, RECENT DEVELOPMENTS, AND UNIQUE ANALYST PERSPECTIVE (MNM VIEW)
 
 
 
 
 
17.1
KEY PLAYERS
 
 
 
 
 
17.1.1
IDEMIA
 
 
 
 
17.1.2
THALES
 
 
 
 
17.1.3
ENTRUST
 
 
 
 
17.1.4
EXPERIAN
 
 
 
 
17.1.5
LEXISNEXIS RISK SOLUTIONS
 
 
 
 
17.1.6
JUMIO
 
 
 
 
17.1.7
GBG
 
 
 
 
17.1.8
AU10TIX
 
 
 
 
17.1.9
SHUFTI PRO
 
 
 
 
17.1.10
TRULIOO
 
 
 
 
17.1.11
UQUDO
 
 
 
 
17.1.12
AUTHBRIDGE
 
 
 
 
17.1.13
EDC
 
 
 
 
17.1.14
IDENTIFYME
 
 
 
 
17.1.15
ID360.AE
 
 
 
 
17.1.16
MOBILE TECHNOLOGIES
 
 
 
 
17.1.17
BVS GLOBAL
 
 
 
 
17.1.18
QUADRABAY
 
 
 
 
17.1.19
DIGIFIED
 
 
 
 
17.1.20
IDMERIT
 
 
18
RESEARCH METHODOLOGY
 
 
 
 
 
18.1
RESEARCH DATA
 
 
 
 
 
18.1.1
SECONDARY DATA
 
 
 
 
 
18.1.1.1
KEY DATA FROM SECONDARY SOURCES
 
 
 
18.1.2
PRIMARY DATA
 
 
 
 
 
18.1.2.1
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
18.1.2.2
KEY PRIMARY PARTICIPANTS
 
 
 
 
18.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
 
 
 
 
18.1.2.4
KEY INDUSTRY INSIGHTS
 
 
18.2
MARKET SIZE ESTIMATION
 
 
 
 
 
18.2.1
BOTTOM-UP APPROACH
 
 
 
 
18.2.2
TOP-DOWN APPROACH
 
 
 
 
18.2.3
BASE NUMBER CALCULATION
 
 
 
18.3
MARKET FORECAST APPROACH
 
 
 
 
 
18.3.1
SUPPLY SIDE
 
 
 
 
18.3.2
DEMAND SIDE
 
 
 
18.4
DATA TRIANGULATION
 
 
 
 
18.5
FACTOR ANALYSIS
 
 
 
 
18.6
RESEARCH ASSUMPTIONS
 
 
 
 
18.7
RESEARCH LIMITATIONS AND RISK ASSESSMENT
 
 
 
19
APPENDIX
 
 
 
 
 
19.1
DISCUSSION GUIDE
 
 
 
 
19.2
KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
19.3
AVAILABLE CUSTOMIZATIONS
 
 
 
 
19.4
RELATED REPORTS
 
 
 
 
19.5
AUTHOR DETAILS
 
 
 

Methodology

This study involved estimating the current Middle East & Africa identity verification market size. Exhaustive secondary research was carried out to collect information on the Middle East & Africa identity verification industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the Middle East & Africa identity verification market.

Secondary Research

The market for companies offering Middle East & Africa identity verification solutions and services was arrived at by using secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various sources were referred to in the secondary research process to identify and collect information for this study. The secondary sources included annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases.

In the secondary research process, various secondary sources were referred to to identify and collect information related to the study. Secondary sources included annual reports, press releases, and investor presentations of Middle East & Africa identity verification vendors, forums, certified publications, and whitepapers. Secondary research was used to obtain essential information on the industry’s value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.

Primary Research

In the primary research process, various supply and demand sources were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the Middle East & Africa identity verification market.

After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also undertaken to identify the segmentation types, industry trends, competitive landscape of Middle East & Africa identity verification hardware, software, and services offered by various market players, and fundamental market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies.

In the complete market engineering process, the top-down and bottom-up approaches and several data triangulation methods were extensively used to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the Middle East & Africa identity verification market and the size of various other dependent sub-segments. The research methodology used to estimate the market size included the following details: key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of the top market players, as well as extensive interviews for key insights with industry leaders, such as CEOs, VPs, directors, and marketing executives.

All percentage splits and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added to detailed inputs and analysis from MarketsandMarkets.

Middle East & Africa Identity Verification Market: Top-Down and Bottom-Up Approach

Middle East & Africa Identity Verification Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

According to MarketsandMarkets, Middle East & Africa identity verification is a process of verifying an individual’s identity by using publicly or privately available databases. The solutions offered in the Middle East & Africa identity verification market help organizations verify an individual's identity quickly and easily, thereby actively improving customer experience and complying with privacy laws, anti-money laundering (AML) legislation, and know-your-customer (KYC) requirements.

Stakeholders

  • Government agencies
  • Consulting firms
  • Information technology (IT) security agencies
  • Raw material/component suppliers
  • Research organizations and consulting companies
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists and private equity firms
  • Chief technology and data officers
  • Middle East & Africa identity verification service professionals
  • Business analysts
  • Information technology (IT) professionals
  • Consultants/consultancies/advisory firms

Report Objectives

  • To define, describe, and forecast the Middle East & Africa identity verification market based on offering, type, deployment mode, organization size, application, vertical, and region
  • To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market
  • To provide detailed information related to the primary factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
  • To profile the key players of the market and comprehensively analyze their market size and core competencies
  • To track and analyze competitive developments, such as product launches, mergers and acquisitions, partnerships, agreements, and collaborations in the Middle East & Africa identity verification market

Available Customizations

With the given market data, MarketsandMarkets offers customizations based on company-specific needs. The following customization options are available for the report:

Geographic Analysis as per Feasibility

  • Further breakup of the Middle Eastern and African market into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Personalize This Research

  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
Request A Free Customisation

Let Us Help You

  • What are the Known and Unknown Adjacencies Impacting the Middle East & Africa Identity Verification Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
Customized Workshop Request

Custom Market Research Services

We Will Customise The Research For You, In Case The Report Listed Above Does Not Meet With Your Requirements

Get 10% Free Customisation

Growth opportunities and latent adjacency in Middle East & Africa Identity Verification Market

DMCA.com Protection Status