Identity Verification Market Size, Share, Forecast, & Trends Analysis by Offering (Solutions, Services), Deployment Mode, Organization Size, Application (KYC, KYB), Sector (BFSI, Retail & E-commerce, Healthcare, Government, Education), and Geography – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the global identity verification market is projected to reach $30.6 billion by 2031, at a CAGR of 14.7% from 2024–2031. The growth of the identity verification market is driven by the rising incidence of identity fraud and cybercrime and the increasing adoption of identity verification solutions in the BFSI sector. However, concerns regarding privacy & data breaches restrain the market’s growth.

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As of December 1, 2024, India has 143,343 beauty parlours, marking a 5.02% increase from 2023. Among these, 134,277 beauty parlours (93.68%) are single-owner businesses, while 9,066 (6.32%) are part of larger brands. The top three states with the highest number of beauty parlours are Maharashtra with 18,684, Uttar Pradesh with 16,671, and Tamil Nadu with 12,603. The average age of beauty parlours in India is 3 years and 7 months.

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The benefits of modern technologies have led to the modernization of foreign language learning, resulting in the emergence of online language learning platforms. Neural network capabilities were utilized with AI language education platforms to revolutionize education for students, teachers, and the enterprise sector. AI algorithms have the potential to advance e-learning in every field. In the case of language learning, AI personalizes teachings and lessons to each learner, reducing the time, cost, and pressure involved in completing online or app-based courses.

Technology-enabled learning that helps individuals and organizations train their workforce is further driving the growth of the E-learning market. These training modules offer continuous and effective learning at an optimal cost and provide customized course content that meets the specific requirements of the end users. Furthermore, the availability of a visually engaging interface in e-learning is increasing employee productivity over traditional learning methods.

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