Video KYC Market Size, Share, Growth, Trend, Forecast To 2032
Video KYC Market By Deployment (Cloud and On-Premise), By Offering (Software and Services), By End-User (Banks, Financial Institutions, Telecom Companies, Government Entities, Insurance Companies, and E-payment Service Providers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 867.2 Million | USD 3745.73 Million | 15.8% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Type
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Video KYC Market, 2016–2026(USD Million)
- 2.2. Video KYC Market: Snapshot
- Chapter 3. Global Video KYC Market– Industry Analysis
- 3.1. Video KYC Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Huge need of financial institutions, both public and private, for developing virtual touls for interacting with customers due to COVID pandemic has increased the popularity of Video KYC in the recent years.
- 3.2.2. Automation procedures can help corporate firms integrate external data service providers, KYC utilities, and public registers into workflows of KYC. This is likely to result in rise in video KYC penetration across various financial institutes as well as Fintech firms across the world leading to expansion in market size.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
- 3.4.1. Market attractiveness analysis By Offering
- 3.4.2. Market attractiveness analysis By Deployment
- 3.4.3. Market attractiveness analysis By End-User
- Chapter 4. Global Video KYC Market– Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Video KYC Market: company market share, 2019
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Technology launches
- 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Video KYC Market– Offering Analysis
- 5.1. Global Video KYC Market overview: By Offering
- 5.1.1. Global Video KYC Market share, By Offering , 2019 and 2026
- 5.2. Software
- 5.2.1. Global Video KYC Marketby Software, 2016–2026(USD Million)
- 5.3. Services
- 5.3.1. Global Video KYC Market by Services, 2016–2026(USD Million)
- 5.1. Global Video KYC Market overview: By Offering
- Chapter 6. Global Video KYC Market– Deployment Analysis
- 6.1. Global Video KYC Market overview: By Deployment
- 6.1.1. Global Video KYC Market share, By Deployment , 2019 and 2026
- 6.2. Cloud
- 6.2.1. Global Video KYC Market by Cloud, 2016–2026(USD Million)
- 6.3. On-Premise
- 6.3.1. Global Video KYC Market by On-Premise, 2016–2026(USD Million)
- 6.1. Global Video KYC Market overview: By Deployment
- Chapter 7. Global Video KYC Market– End-User
- 7.1. Global Video KYC Market overview: By End-User
- 7.1.1. Global Video KYC Market share, By End-User , 2019 and 2026
- 7.2. Banks
- 7.2.1. Global Video KYC Market by Banks, 2016–2026(USD Million)
- 7.3. Financial Institutions
- 7.3.1. Global Video KYC Market by Financial Institutions, 2016–2026(USD Million)
- 7.4. Telecom Companies
- 7.4.1. Global Video KYC Market by Telecom Companies, 2016–2026(USD Million)
- 7.5. Government Entities
- 7.5.1. Global Video KYC Market by Government Entities, 2016–2026(USD Million)
- 7.6. Insurance Companies
- 7.6.1. Global Video KYC Market by Insurance Companies, 2016–2026(USD Million)
- 7.7. E-payment Service Providers
- 7.7.1. Global Video KYC Market by E-payment Service Providers, 2016–2026(USD Million)
- 7.1. Global Video KYC Market overview: By End-User
- Chapter 8. Company Profiles
- 8.1. SIAWibmo Inc.
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Technology Portfolio
- 8.1.4. Business Strategy
- 8.1.5. Recent Developments
- 8.2. Signicat
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Technology Portfolio
- 8.2.4. Business Strategy
- 8.2.5. Recent Developments
- 8.3. Ameyo
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Technology Portfolio
- 8.3.4. Business Strategy
- 8.3.5. Recent Developments
- 8.4. SignDesk
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Technology Portfolio
- 8.4.4. Business Strategy
- 8.4.5. Recent Developments
- 8.5. HyperVerge, Inc.
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Technology Portfolio
- 8.5.4. Business Strategy
- 8.5.5. Recent Development
- 8.6. FRSLABS
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Technology Portfolio
- 8.6.4. Business Strategy
- 8.6.5. Recent Development
- 8.7. GIEOM Business Sulutions
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Technology Portfolio
- 8.7.4. Business Strategy
- 8.7.5. Recent Development
- 8.8. Shufti Pro
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Technology Portfolio
- 8.8.4. Business Strategy
- 8.8.5. Recent Development
- 8.9. Onfido
- 8.9.1. Overview
- 8.9.2. Financials
- 8.9.3. Technology Portfolio
- 8.9.4. Business Strategy
- 8.9.5. Recent Development
- 8.10. Pegasystems Inc.
- 8.10.1. Overview
- 8.10.2. Financials
- 8.10.3. Technology Portfolio
- 8.10.4. Business Strategy
- 8.10.5. Recent Development
- 8.11. IDnow GmbH
- 8.11.1. Overview
- 8.11.2. Financials
- 8.11.3. Technology Portfolio
- 8.11.4. Business Strategy
- 8.11.5. Recent Development
- 8.12. Signzy Technulogies Private Limited
- 8.12.1. Overview
- 8.12.2. Financials
- 8.12.3. Technology Portfolio
- 8.12.4. Business Strategy
- 8.12.5. Recent Development
- 8.13. LeadSquared
- 8.13.1. Overview
- 8.13.2. Financials
- 8.13.3. Technology Portfolio
- 8.13.4. Business Strategy
- 8.13.5. Recent Development
- 8.14. Great Software Laboratory
- 8.14.1. Overview
- 8.14.2. Financials
- 8.14.3. Technology Portfolio
- 8.14.4. Business Strategy
- 8.14.5. Recent Development
- 8.1. SIAWibmo Inc.
Table Of Figures
List of Figures
1. Market research Type
2. Market research methodology
3. Global Video KYC Market, 2016–2026(USD Million)
4. Porter’s Five Forces Analysis
5. Global Video KYC Marketattractiveness, By Offering
6. Global Video KYC Marketattractiveness, By Deployment
7. Global Video KYC Marketattractiveness, By End-User
8. Global Video KYC Marketshare by Offering ,2019 and 2026 (USD Million)
9. Global Video KYC Marketby Software, 2016–2026(USD Million)
10. Global Video KYC Marketby Services, 2016–2026(USD Million)
11. Global Video KYC Marketshare by Deployment ,2019 and 2026 (USD Million)
12. Global Video KYC Marketby Cloud, 2016–2026(USD Million)
13. Global Video KYC Marketby On-Premise, 2016–2026(USD Million)
14. Global Video KYC Marketshare by End-User ,2019 and 2026 (USD Million)
15. Global Video KYC Marketby Financial Institutions, 2016–2026(USD Million)
16. Global Video KYC Marketby Banks, 2016–2026(USD Million)
17. Global Video KYC Marketby Telecom Companies, 2016–2026(USD Million)
18. Global Video KYC Marketby Government Institutes, 2016–2026(USD Million)
19. Global Video KYC Marketby E-payment Service Providers, 2016–2026(USD Million)
20. Global Video KYC Marketby Insurance Companies, 2016–2026(USD Million)
21. Global Video KYC Marketshare, by Region, 2019 and 2026
22. North America Video KYC Market, 2016–2026(USD Million)
23. Europe Video KYC Market, 2016–2026(USD Million)
24. Asia Pacific Video KYC Market, 2016–2026(USD Million)
25. Latin America Video KYC Market, 2016–2026(USD Million)
26. The Middle East and Africa Video KYC Market, 2016–2026(USD Million)
Table Of Tables
List of Tables
1. Global Video KYC Market: snapshot
2. Drivers of the Video KYC Market: impact analysis
3. North America Video KYC Market revenue, By Offering ,2016–2026(USD Million)
4. North America Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
5. North America Video KYC Market revenue, By End-User ,2016–2026(USD Million)
6. The U.S. Video KYC Market revenue, By Offering ,2016–2026(USD Million)
7. The U.S. Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
8. The U.S. Video KYC Market revenue, By End-User ,2016–2026(USD Million)
9. Rest of North America Video KYC Market revenue, By Offering ,2016–2026(USD Million)
10. Rest of North America Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
11. Rest of North America Video KYC Market revenue, By End-User ,2016–2026(USD Million)
12. Europe Video KYC Market revenue, By Offering ,2016–2026(USD Million)
13. Europe Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
14. Europe Video KYC Market revenue, By End-User ,2016–2026(USD Million)
15. UK Video KYC Market revenue, By Offering ,2016–2026(USD Million)
16. UK Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
17. UK Video KYC Market revenue, By End-User ,2016–2026(USD Million)
18. France Video KYC Market revenue, By Offering ,2016–2026(USD Million)
19. France Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
20. France Video KYC Market revenue, By End-User ,2016–2026(USD Million)
21. Germany Video KYC Market revenue, By Offering ,2016–2026(USD Million)
22. Germany Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
23. Germany Video KYC Market revenue, By End-User ,2016–2026(USD Million)
24. Rest of Europe Video KYC Market revenue, By Offering ,2016–2026(USD Million)
25. Rest of Europe Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
26. Rest of Europe Video KYC Market revenue, By End-User ,2016–2026(USD Million)
27. Asia Pacific Video KYC Market revenue, By Offering ,2016–2026(USD Million)
28. Asia Pacific Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
29. Asia Pacific Video KYC Market revenue, By End-User ,2016–2026(USD Million)
30. China Video KYC Market revenue, By Offering ,2016–2026(USD Million)
31. China Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
32. China Video KYC Market revenue, By End-User ,2016–2026(USD Million)
33. Japan Video KYC Market revenue, By Offering ,2016–2026(USD Million)
34. Japan Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
35. Japan Video KYC Market revenue, By End-User ,2016–2026(USD Million)
36. India Video KYC Market revenue, By Offering ,2016–2026(USD Million)
37. India Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
38. India Video KYC Market revenue, By End-User ,2016–2026(USD Million)
39. Rest of Asia Pacific Video KYC Market revenue, By Offering ,2016–2026(USD Million)
40. Rest of Asia Pacific Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
41. Rest of Asia Pacific Video KYC Market revenue, By End-User ,2016–2026(USD Million)
42. Latin America Video KYC Market revenue, By Offering ,2016–2026(USD Million)
43. Latin America Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
44. Latin America Video KYC Market revenue, By End-User ,2016–2026(USD Million)
45. Brazil Video KYC Market revenue, By Offering ,2016–2026(USD Million)
46. Brazil Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
47. Brazil Video KYC Market revenue, By End-User ,2016–2026(USD Million)
48. Rest of Latin America Video KYC Market revenue, By Offering ,2016–2026(USD Million)
49. Rest of Latin America Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
50. Rest of Latin America Video KYC Market revenue, By End-User ,2016–2026(USD Million)
51. The Middle East and Africa Video KYC Market revenue, By Offering ,2016–2026(USD Million)
52. The Middle East and Africa Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
53. The Middle East and Africa Video KYC Market revenue, By End-User ,2016–2026(USD Million)
54. Saudi Arabia Video KYC Market revenue, By Offering ,2016–2026(USD Million)
55. Saudi Arabia Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
56. Saudi Arabia Video KYC Market revenue, By End-User ,2016–2026(USD Million)
57. South Africa Video KYC Market revenue, By Offering ,2016–2026(USD Million)
58. South Africa Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
59. South Africa Video KYC Market revenue, By End-User ,2016–2026(USD Million)
60. Rest of the Middle East & Africa Video KYC Market revenue, By Offering ,2016–2026(USD Million)
61. Rest of the Middle East & Africa Video KYC Market revenue, By Deployment ,2016–2026(USD Million)
62. Rest of the Middle East & Africa Video KYC Market revenue, By End-User ,2016–2026(USD Million)
Methodology
FrequentlyAsked Questions
Businesses, particularly in the financial services sector, employ digital identity verification method known as Video KYC (Know Your Customer) to remotely check consumer identities via video chats. It helps businesses to follow KYC rules, which are needed for anti-money laundering (AML) and fraud avoidance, without actual presence.
Several main elements are driving the expansion of the video KYC market: growing need for digital onboarding, regulatory compliance, and biometric verification technology developments.
According to a report from Zion Market Research, the global Video KYC Market was valued at USD 867.2 Million in 2023 and is projected to hit USD 3745.73 Million by 2032.
According to a report from Zion Market Research, the global Video KYC Market a compound annual growth rate (CAGR) of 15.8% during the forecast period 2024-2032.
The escalating need of the banking industry to strengthen its macroeconomic growth, increase profit margins, expand its customer base across the globe, and increase investments will result in an expansion of the Video KYC industry in Asia Pacific over 2024-2032.
Wibmo Inc., Signicat, Ameyo, SignDesk, HyperVerge, Inc., FRSLABS, GIEOM Business Solutions, Shufti Pro, Onfido, Pegasystems Inc., IDnow GmbH, Signzy Technologies Private Limited, LeadSquared, and Great Software Laboratory.
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