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The Identity Verification market was valued at $8,079.0 Million in 2022, and is projected to reach $11,441.9 Million by 2032 growing at a CAGR of 3.59% from 2023 to 2032.Identity verification is a process of verifying the identity of an individual or organization to confirm that they are who they claim to be. Some common drivers of the identity verification market include the increasing need for secure online transactions, the growth of e-commerce, and the increasing use of mobile devices. There are a number of companies that specialize in identity verification, including: Jumio: Jumio is a leading provider of identity verification solutions for online and mobile transactions. The company's products use a combination of biometric and machine learning technologies to accurately verify identities in real-time. Onfido: Onfido is a provider of identity and document verification solutions for businesses. The company's products use machine learning to verify identities and documents in a fast and accurate manner. Experian: Experian is a global credit reporting company that also offers identity verification solutions. The company's products use a combination of data analytics and machine learning to verify identities and help prevent fraud. Equifax: Equifax is a global credit reporting company that offers a range of identity verification solutions, including biometric authentication and identity verification based on data analytics. LexisNexis Risk Solutions: LexisNexis Risk Solutions is a provider of identity verification and fraud prevention solutions for businesses. The company's products use data analytics and machine learning to help businesses accurately verify identities and prevent fraud. In recent years, these companies have made significant developments in the field of identity verification. For example, Jumio has developed new biometric technologies for identity verification, such as facial recognition and palm vein scanning. Onfido has also developed new machine learning-based solutions for identity verification, including document verification using artificial intelligence. Equifax has expanded its identity verification offerings to include biometric authentication, and LexisNexis Risk Solutions has developed new data analytics-based solutions for identity verification and fraud prevention.