Video KYC Market: Leading the Evolution of Identity Authentication

Global Video KYC market to surpass USD 862.83 million by 2030 from USD 179.95 million in 2020 at a CAGR of 16.97% in the coming years, i.e., 2021-30.

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Global Video KYC market to surpass USD 862.83 million by 2030 from USD 179.95 million in 2020 at a CAGR of 16.97% in the coming years, i.e., 2021-30.

????????? ??? ??????? ???????? ???????????? ??????? ?????? ????????? ?: The market for video KYC is expanding significantly as companies in a variety of sectors look for effective and safe methods to confirm their clients' identities. Digital identity verification solutions, such as Video KYC, provide distant customer identification authentication in real-time, which helps businesses streamline the onboarding process and maintain regulatory compliance. The requirement for improved security, ease of use, and regulatory compliance in client verification procedures is what is driving the demand for video KYC solutions.

????? ??? ?????????? ?????????? ?: Financial institutions, fintech companies, and other regulated entities are increasingly using Video KYC systems due to regulatory mandates and compliance duties. Businesses are required by regulations like Anti-Money Laundering (AML), Know Your Customer (KYC), and Counter-Terrorism Financing (CTF) to do due diligence procedures and verify the identity of their customers. Remote customer contacts can be facilitated and regulatory needs can be met securely with the help of video KYC.

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  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

?????????? ?? ?????? ?????? ?????????? ?????????? ?: Due to the COVID-19 epidemic, businesses are investing in digital identity verification technologies like Video KYC, which has expedited the use of remote customer onboarding processes. In light of social distancing policies and consumer inclination for contactless contacts, businesses are using Video KYC to enroll clients remotely in lieu of in-person meetings. In the post-pandemic period, it is anticipated that this shift towards remote onboarding will propel consistent growth in the Video KYC industry.

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  • Ameyo
  • SignDesk
  • GIEOM Business Solutions
  • Onfido
  • PegasystemsInc,
  • IDnow GmbH
  • LeadSquared
  • FRSLABS
  • Signzy Technologies Private Limited.
  • Shufti Pro
  • HyperVerge Inc.
  • Signicat
  • Great Software Laboratory

????????????? ??? ???? ?????????? ???????????? ?: The capabilities and user experience of Video KYC solutions are being improved by technological advancements such as biometric authentication, machine learning, and artificial intelligence (ML/AI). While biometric authentication provides an additional degree of security to the verification process, AI-powered facial recognition algorithms allow for rapid and accurate identification verification. Adoption of Video KYC solutions across sectors is further aided by intuitive interfaces and smooth integration with current systems.

????????? ???????? ??? ?????????? ?? ??????? ???????????? ?️: In conclusion, the Video KYC market is poised for robust growth as organizations recognize the importance of secure and compliant customer verification processes in the digital era. By leveraging Video KYC solutions, businesses can streamline customer onboarding, mitigate fraud risks, and enhance trust and confidence among customers. As regulatory requirements evolve and technology continues to advance, Video KYC solutions will play a pivotal role in facilitating secure and seamless digital transactions across industries.


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