Market Overview:
The global age verification software market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for online and offline age verification software from various end-use industries such as supermarkets, retail stores, and online sales. In addition, the growing awareness about the benefits of using age verification software is also contributing to the growth of this market. Based on type, the global age verification software market can be segmented into online and offline segments. The online segment is expected to grow at a higher CAGR than the offline segment during the forecast period from 2018 to 2030.
Product Definition:
Age verification software is a type of computer software that is used to verify the age of an individual. This software is commonly used by online retailers or other businesses that sell products or services to individuals who are required to be of a certain age in order to purchase those items. The importance of this type of software lies in its ability to ensure that individuals who are not legally allowed to purchase certain items are not able to do so.
Online:
Online is a system or network of systems, which includes all the digital devices and tools that are connected through networks to carry out an operation or function. Online Age Verification (OVA) software is used for ensuring that users are authentic and authorized to use any service. The OVA software verifies the identity of individuals by cross-checking their photo against a national database in order to prevent frauds and illegal activities on online services.
Offline:
Offline is a technique used to verify the identity of users by providing some physical evidence such as a driver's license or passport. The age verification software uses offline data sources such as drivers' licenses and passports to authenticate users.
The online approach involves various digital solutions that are connected through the internet; however, it does not involve any physical evidence for identification purposes.
Application Insights:
The online verification software application segment dominated the global age verification software market in 2017. The growth of this segment can be attributed to the easy availability of internet and mobile phones, which has enabled people to access information from remote locations. Moreover, companies are focusing on developing innovative solutions that will enable them to capitalize on digital transformation without compromising with security and privacy. For instance, in January 2018 AgeID Ltd., a Denmark-based company launched a new product named ¢â‚¬Å“Lifeline ID¢â‚¬ which is an app-based solution for verifying ages for online transactions. The company claims to provide enhanced customer experience by leveraging artificial intelligence (AI) technology while conducting age checks.
The offline verification software application segment is expected register the highest CAGR over the forecast period owing to increased adoption across retail stores globally as well as locally in developed countries like U.S.
Regional Analysis:
The market in Asia Pacific is expected to grow at the highest rate over the forecast period. The growth can be attributed to increasing government regulations for preventing identity theft and credit card fraud, which has led to an increase in demand forGAV software. For instance, according to a white paper published by Global Information Security (GIS), Inc., as on 2016, there were more than 1 billion internet users in China and this number is projecteded reach around 1.4 billion by 2020 with social media playing a major role in spreading information among these population groups.
North America region accounted for over 20% of global age verification software market share owing to stringent federal laws regarding underage drinking coupled with rising instances of identity theft & credit card frauds committed by adults against minors within U.
Growth Factors:
- Increasing demand for age verification software from the e-commerce sector to prevent sale of alcohol and tobacco products to minors
- Stringent government regulations for age verification in various countries
- Proliferation of online content, including videos and games, that require age verification
- Growing number of cybercrime incidents that necessitate use of age verification software for protection against identity theft and fraud
- Increased awareness about the benefits of using age verification software among businesses and consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Age Verification Software Market Research Report
By Type
Online, Offline
By Application
Supermarket, Retail Store, Onlinesales
By Companies
AgeChecked, AgeID, Veratad Technologies, AVSecure, Imbibe Digital, GBG Plc, IDEE, Intellicheck, LexisNexis, VeriMe, Yoti
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Age Verification Software Market Report Segments:
The global Age Verification Software market is segmented on the basis of:
Types
Online, Offline
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
Supermarket, Retail Store, Onlinesales
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:
- AgeChecked
- AgeID
- Veratad Technologies
- AVSecure
- Imbibe Digital
- GBG Plc
- IDEE
- Intellicheck
- LexisNexis
- VeriMe
- Yoti
Highlights of The Age 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:
- Online
- Offline
- By Application:
- Supermarket
- Retail Store
- Onlinesales
- 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 Age 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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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?
Age verification software is a type of software that helps businesses verify the age of their customers. This can be done by verifying the customer's identity, date of birth, or other information.
Some of the major companies in the age verification software market are AgeChecked, AgeID, Veratad Technologies, AVSecure, Imbibe Digital, GBG Plc, IDEE, Intellicheck, LexisNexis, VeriMe, Yoti.
The age verification software market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Age 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 Age Verification Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Age 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 Age 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 Age Verification Software Market Size & Forecast, 2018-2028
4.5.1 Age Verification Software Market Size and Y-o-Y Growth
4.5.2 Age Verification Software Market Absolute $ Opportunity
Chapter 5 Global Age 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 Age Verification Software Market Size Forecast by Type
5.2.1 Online
5.2.2 Offline
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Age 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 Age Verification Software Market Size Forecast by Applications
6.2.1 Supermarket
6.2.2 Retail Store
6.2.3 Onlinesales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Age 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 Age 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 Age Verification Software Analysis and Forecast
9.1 Introduction
9.2 North America Age 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 Age Verification Software Market Size Forecast by Type
9.6.1 Online
9.6.2 Offline
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 Age Verification Software Market Size Forecast by Applications
9.10.1 Supermarket
9.10.2 Retail Store
9.10.3 Onlinesales
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 Age Verification Software Analysis and Forecast
10.1 Introduction
10.2 Europe Age 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 Age Verification Software Market Size Forecast by Type
10.6.1 Online
10.6.2 Offline
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 Age Verification Software Market Size Forecast by Applications
10.10.1 Supermarket
10.10.2 Retail Store
10.10.3 Onlinesales
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 Age Verification Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Age 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 Age Verification Software Market Size Forecast by Type
11.6.1 Online
11.6.2 Offline
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 Age Verification Software Market Size Forecast by Applications
11.10.1 Supermarket
11.10.2 Retail Store
11.10.3 Onlinesales
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 Age Verification Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Age 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 Age Verification Software Market Size Forecast by Type
12.6.1 Online
12.6.2 Offline
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 Age Verification Software Market Size Forecast by Applications
12.10.1 Supermarket
12.10.2 Retail Store
12.10.3 Onlinesales
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) Age Verification Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Age 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) Age Verification Software Market Size Forecast by Type
13.6.1 Online
13.6.2 Offline
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) Age Verification Software Market Size Forecast by Applications
13.10.1 Supermarket
13.10.2 Retail Store
13.10.3 Onlinesales
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 Age Verification Software Market: Competitive Dashboard
14.2 Global Age Verification Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AgeChecked
14.3.2 AgeID
14.3.3 Veratad Technologies
14.3.4 AVSecure
14.3.5 Imbibe Digital
14.3.6 GBG Plc
14.3.7 IDEE
14.3.8 Intellicheck
14.3.9 LexisNexis
14.3.10 VeriMe
14.3.11 Yoti
