Global Identity Check refers to the
services and products used to confirm the validity of a person's physical
identity or their documentation, such as a driver's license, passport, or
another identity document that is issued nationwide. Identity verification is a
crucial procedure that makes sure a person's identity corresponds to what it
should.
Secure Global Identity Check is sought
after by many institutions operating in the digital domain due to an increase
in fraudulent paper work and falsified personal identity certificates. Global
Identity Check solution sales are expected to increase rapidly in the future
years, reaching a total value of US$ 18.6 billion by the end of 2026.
Rising
deployment of advanced technologies
Growing adoption of advanced technologies
such as big data, cloud computing, artificial intelligence, and machine
learning will positively influence market growth. Verification services like blockchain-based
identity verification are actively addressing organizations' growing cyber
risks and vulnerabilities, the adoption of Bring Your Own Devices (BYOD) in organizations,
Global Identity Check, Know Your Customer (KYC) and Anti-money
Laundering (AML), and identity verification in healthcare.
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