NJ New Jersey, NJ -- (SBWIRE) -- 10/07/2022 -- The Latest Released Video KYC market study has evaluated the future growth potential of Video KYC market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Video KYC market. The study includes market share analysis and profiles of players such as Wibmo Inc. (United States), Signicat (Portugal), Ameyo (India), SignDesk (India), HyperVerge (United States), Onfido (United Kingdom), IDnow GmbH (Germany), FRSLABS (India), GIEOM Business Solutions (India), Signzy Technologies (India), LeadSquared (India), Great Software Laboratory (United States).
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Definition: Video KYC is the advanced way to complete the KYC for their respective accounts while not taking too much time for the whole process of KYC. The video KYC comprises of video-based customer identification procedure (VCIP), video-based identification process (VBIP), and video in-person verification (VIPV). It is different from the KYC verification protocols like eKYC or digital KYC because of its integration with video-enabled features, audio, and facial matching capabilities. It uses AI technology to streamline & expedite the KYC verification process.
Market Opportunities:
Technological Advancements in the Video KYC
Surging Demand for the Video KYC in Developing Nations
Market Trends:
Increasing Use of KYC Approval Software for Video KYC
Market Drivers:
Need for Remote KYC while Providing Greater Security Than Other Methods with the Travel Restrictions
Growing Demand for Automation and Advanced Technologies in KYC Approval
The Global Video KYC Market segments and Market Data Break Down are illuminated below:
by Type (Video-based Customer Identification Procedure (VCIP), Video-based Identification Process (VBIP), Video In-Person Verification (VIPV)), Components (Software, Services), Deployment (On-cloud, On-premise), End User (Banking & Insurance Institutions, Telecommunication Service Providers, Government Bodies, E-payment Service Providers, Others)
Global Video KYC market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
-To carefully analyze and forecast the size of the Video KYC market by value and volume.
-To estimate the market shares of major segments of the Video KYC
-To showcase the development of the Video KYC market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Video KYC market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Video KYC
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Video KYC market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Video KYC Market Study Coverage:
It includes major manufacturers, emerging player's growth story, and major business segments of Video KYC market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
Video KYC Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
Video KYC Market Production by Region Video KYC Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Video KYC Market Report:
Video KYC Overview, Definition and Classification Market drivers and barriers
Video KYC Market Competition by Manufacturers
Impact Analysis of COVID-19 on Video KYC Market
Video KYC Capacity, Production, Revenue (Value) by Region (2021-2027)
Video KYC Supply (Production), Consumption, Export, Import by Region (2021-2027)
Video KYC Production, Revenue (Value), Price Trend by Type {Video-based Customer Identification Procedure (VCIP), Video-based Identification Process (VBIP) , Video In-Person Verification (VIPV)}
Video KYC Market Analysis by Application
Video KYC Manufacturers Profiles/Analysis Video KYC Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
How feasible is Video KYC market for long-term investment?
What are influencing factors driving the demand for Video KYC near future?
What is the impact analysis of various factors in the Global Video KYC market growth?
What are the recent trends in the regional market and how successful they are?
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