Frequently Asked Questions
Video KYC is a remote identity verification process using live video calls, biometrics, and document checks to authenticate customers digitally, ensuring regulatory compliance without physical presence.
Key factors include regulatory mandates, AI advancements, fraud prevention needs, digital transformation in BFSI and telecom, and expansion into emerging sectors.
The market is projected to grow from approximately USD 0.39 billion in 2026 to USD 1.4 billion by 2035.
The market is expected to grow at a CAGR of 15%.
Asia Pacific will contribute notably due to high adoption rates, population scale, and supportive regulations in countries like India and China.
Major players include Onfido, IDnow, HyperVerge, Shufti Pro, Signzy, and Jumio.
The report provides comprehensive analysis of market size, growth trends, segmentation, dynamics, key players, regional insights, and forecasts from 2026 to 2035.
Stages include technology development (AI/biometrics), platform provision (software/services), deployment and integration, regulatory compliance verification, and end-user application in onboarding and monitoring.
Trends show preference for seamless, secure, contactless verification with AI enhancements, privacy-focused solutions, and multi-biometric options.
Regulatory mandates like AML/KYC rules, GDPR, and RBI guidelines drive growth, while data privacy concerns and internet access disparities pose challenges.