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The US identity verification market outlook is projected to grow from USD 10.9 billion in 2023 to USD 21.8 billion by 2028 at a compound annual growth rate (CAGR) of 14.9% during the forecast period. The rising prevalence of digital fraud in the US has led to a significant increase in the use of identity verification measures. According to the FTC, consumers reported losing a record USD 10 billion to fraud in 2023, a 14% increase from the year before.
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