Market Overview:
The global address verification software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fraud prevention and identity verification solutions across various industries, such as banking and financial services, retail, healthcare, and others. In addition, the growing adoption of cloud-based address verification software is also contributing to the growth of this market. However, lack of awareness about the benefits offered by address verification software among small and medium enterprises (SMEs) is restraining the growth of this market.
Product Definition:
Address Verification Software is used to ensure the accuracy of an address entered into a system. It compares the entered address against a database of verified addresses to determine if it is valid. This can help to reduce errors and improve the accuracy of data entry.
Cloud Based:
Cloud-based software is a type of software service that provides shared computer resources over the internet. The cloud based address verification system uses several IP addresses and domain names to verify an individual's identity and location. This helps organizations prevent frauds, dupes, and other similar activities by using real-time information from various sources such as social media websites, e-mails etc., to determine whether the person logging in from remote locations is actually the correct user.
On-Premise:
On-premise software is a type of cloud computing technology that involves the installation of an application or service on the end user's device without relying on a remote server. The service provider can customize and improve security features in this system as per their requirements. This software is used for address verification, online payment solutions, digital rights management, anti-spam solutions and many more purposes.
Application Insights:
The Small and Medium-sized Enterprises (SMEs) segment held the largest share of over 70.0% in 2017. The growth can be attributed to the fact that most of the SMEs have yet to adopt advanced security measures, such as multi-factor authentication, two-step verification and strong password policies. However, a large number of SMEs are expected to deploy ADVS software in 2018 due to its cost-effectiveness and ease of use. Furthermore, many governments across the world have implemented regulations for small businesses regarding online safety issues and this is likely to drive adoption further.
Large enterprises segment is anticipated register significant growth over the forecast period owing to increased awareness among companies about data loss prevention (DLP).
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The growth can be attributed to increasing government regulations and compliance with strict data protection laws, such as Gramm-Leach-Bliley (GLB) Act in U.S., which requires financial institutions to implement advanced security measures for protecting consumer information. Moreover, technological advancements such as cloud computing and big data analysis are also driving the demand for AAV in this region.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing adoption of mobile devices coupled with rising disposable income among consumers in emerging economies including India and China. Furthermore, growing penetration of internet services has led marketers & brands across various industries including telecom, automotive etc.,to adopt address verification technologies for sending promotional messages/emails etc., thereby boosting market growth across this region significantly during the forecast period from 2018 To 2030 (estimated).
Growth Factors:
- Increasing demand for secure online transactions: The growth of e-commerce has led to a corresponding increase in the need for address verification software, as merchants seek to reduce the risk of fraudulent transactions.
- Proliferation of mobile devices and apps: Address verification software is becoming increasingly important in the mobile commerce space, as more consumers use their smartphones and tablets to make purchases online.
- Growing concern over identity theft: As data breaches become more common, consumers are increasingly looking for ways to protect their personal information. Address verification software can help reduce the risk of identity theft by verifying that a customer’s information is correct before completing a transaction.
- Regulatory compliance requirements: Many businesses are required by law to verify customers’ addresses before completing certain types of transactions (e.g., money transfers). Address verification software can automate this process, making it easier and faster for businesses to comply with regulatory requirements.
Scope Of The Report
Report Attributes
Report Details
Report Title
Address Verification Software Market Research Report
By Type
Cloud Based, On-Premise
By Application
SMEs, Large Enterprises
By Companies
GBG, AccuZIP, SmartSoft DQ, Anchor Computer Software, Acme Data, BCC Software, ClickToAddress, Egon, LexisNexis, TrueNCOA, Experian, SmartSoft, TaxJar, Prism Data, WinPure
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Address Verification Software Market Report Segments:
The global Address Verification Software market is segmented on the basis of:
Types
Cloud Based, On-Premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GBG
- AccuZIP
- SmartSoft DQ
- Anchor Computer Software
- Acme Data
- BCC Software
- ClickToAddress
- Egon
- LexisNexis
- TrueNCOA
- Experian
- SmartSoft
- TaxJar
- Prism Data
- WinPure
Highlights of The Address Verification Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- On-Premise
- By Application:
- SMEs
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Address Verification Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Address verification software is a computer program that verifies the address of a person or organization. It can be used to prevent fraud, protect privacy, and ensure correct billing.
Some of the key players operating in the address verification software market are GBG, AccuZIP, SmartSoft DQ, Anchor Computer Software, Acme Data, BCC Software, ClickToAddress, Egon, LexisNexis, TrueNCOA, Experian, SmartSoft, TaxJar, Prism Data, WinPure.
The address verification software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Address Verification Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Address Verification Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Address Verification Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Address Verification Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Address Verification Software Market Size & Forecast, 2018-2028
4.5.1 Address Verification Software Market Size and Y-o-Y Growth
4.5.2 Address Verification Software Market Absolute $ Opportunity
Chapter 5 Global Address Verification Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Address Verification Software Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 On-Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Address Verification Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Address Verification Software Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Address Verification Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Address Verification Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Address Verification Software Analysis and Forecast
9.1 Introduction
9.2 North America Address Verification Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Address Verification Software Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 On-Premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Address Verification Software Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Address Verification Software Analysis and Forecast
10.1 Introduction
10.2 Europe Address Verification Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Address Verification Software Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 On-Premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Address Verification Software Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Address Verification Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Address Verification Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Address Verification Software Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 On-Premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Address Verification Software Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Address Verification Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Address Verification Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Address Verification Software Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 On-Premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Address Verification Software Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Address Verification Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Address Verification Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Address Verification Software Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 On-Premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Address Verification Software Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Address Verification Software Market: Competitive Dashboard
14.2 Global Address Verification Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GBG
14.3.2 AccuZIP
14.3.3 SmartSoft DQ
14.3.4 Anchor Computer Software
14.3.5 Acme Data
14.3.6 BCC Software
14.3.7 ClickToAddress
14.3.8 Egon
14.3.9 LexisNexis
14.3.10 TrueNCOA
14.3.11 Experian
14.3.12 SmartSoft
14.3.13 TaxJar
14.3.14 Prism Data
14.3.15 WinPure
