2 Small-Cap Stocks to Invest in the Fast-Growing Identity Solutions Market
As more and more of our time is spent online and transacting through digital methods instead of cash, corporations are having a harder time preventing financial fraud. One of the best ways companies can combat fraud is by employing identity solutions software, which verifies customers are actually who they say they are.
The identity verification market is expected to grow at a 13.4% compound annual growth rate (CAGR) and reach $17.8 billion in global spending by 2026, making it one of the world's fastest-growing industries. Two small-cap stocks, Intellicheck (NASDAQ: IDN) and Mitek Systems (NASDAQ: MITK), are riding this identity solutions wave and could be strong investments over the next decade. Here's why.
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Source Fool.com