Report: Digital Identity Verification Competitor Leaderboard 2022-2027
The report highlights that with so many different verification scenarios existing across different segments and numerous point solutions available in the market, it can be bewildering for businesses to decide which solutions can best help them deliver quick and confident identity verification across their online customer journey.
Juniper Research sees the intelligent orchestration of identity verification solutions, along with other vital customer risk assessments that need to be carried out throughout the digital customer journey, as a major differentiator between vendors.
The Juniper Research report awarded high rankings to digital identity verification vendors who were able to:
Leverage broad datasets
Provide advanced anti-fraud capabilities
Use machine learning to verify identity
Serve a broad range of use cases
Acquire/own the underlying technologies
Offer a rounded portfolio
“At present, the biggest battleground within digital identity is the orchestration of verification types.”
– Nick Maynard, Head of Research, Juniper Research
Juniper Research predicts that global spend on digital identity verification checks will reach $20.8bn in 2027
Source: Digital Identity Verification Market Report 2022
“There are many different segments and verification types, with no single vendor covering all the solutions. As such, there is still a lot of room for innovation; vendors must focus on building out innovation partnerships and acquisitions that allow them to intelligently orchestrate the most effective verification types for each use case to drive growth forward.”
– Nick Maynard, Head of Research, Juniper Research
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