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Decentralized Identity Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 to 2031

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    Report

  • 111 Pages
  • October 2023
  • Region: Global
  • Acute Market Reports
  • ID: 5894129
Description Jump to:
The decentralized identity market is expected to grow at a CAGR of 87.5% during the forecast period of 2023 to 2031, decentralized identity market is poised for remarkable growth, revolutionizing the way individuals and enterprises manage digital identities. The decentralised identity market is on a trajectory of rapid growth, driven by enhanced security through biometrics, a rising demand for privacy and data control, and advancements in blockchain technology. Despite challenges related to interoperability, the market is poised for expansion in both the biometrics and non-biometrics segments. Individual and enterprise adoption, coupled with geographic trends, indicate a promising future for decentralized identity solutions. Leading players continue to innovate and collaborate, ensuring the market's growth from 2023 to 2031.

Enhanced Security through Biometrics

One of the primary drivers of the decentralised identity market is the adoption of biometrics for digital identity verification. Biometric authentication methods, such as fingerprint recognition, facial recognition, and iris scanning, offer unparalleled security and accuracy, reducing the risk of identity theft and fraud. The increasing integration of biometric authentication in smartphones, laptops, and other devices underscores its popularity and effectiveness. Biometrics-based decentralized identity solutions provide users with a secure and convenient means of authentication.

Rising Demand for Privacy and Data Control

The growing concern about data privacy and control has fueled the demand for decentralized identity solutions. Individuals and enterprises seek to regain control over their personal data and limit the access that third parties have to their sensitive information. High-profile data breaches and privacy scandals have heightened awareness about the risks associated with centralized identity systems. Decentralized identity solutions, built on blockchain technology, empower users to manage their data more securely.

Advancements in Blockchain Technology

Blockchain technology is a fundamental driver of the decentralised identity market. The immutability, transparency, and security inherent in blockchain make it an ideal platform for decentralized identity solutions. As blockchain technology evolves, so does the potential of decentralized identity. Blockchain-based identity projects, such as SelfKey and uPort, have gained significant traction and investment. These platforms offer users the ability to create and manage their digital identities on a secure and transparent blockchain.

Interoperability Challenges

A notable restraint in the decentralised identity market is the challenge of interoperability among various decentralized identity platforms and standards. As the market grows, the lack of a unified standard could hinder widespread adoption and collaboration. Discussions within the decentralized identity community often center on the need for standardized protocols and interoperability. Without a common framework, users may find it challenging to navigate between different decentralized identity providers seamlessly.

Market Segmentation by Identity Type: Biometrics segment Dominates the Market

The decentralised identity market can be segmented by identity type into Biometrics and Non-biometrics.

Biometrics

In 2022, the Biometrics segment accounted for the highest revenue share in the decentralised identity market. This trend is expected to continue, with biometrics projected to maintain the highest CAGR during the forecast period from 2023 to 2031. The increasing adoption of biometric authentication in various sectors, including mobile devices, financial services, and healthcare, highlights its market dominance. Biometrics offers a highly secure and user-friendly method of identity verification.

Non-biometrics

Non-biometrics, encompassing traditional username-password combinations and other non-biometric authentication methods, also contribute significantly to the decentralised identity market. However, this segment is expected to exhibit a lower CAGR compared to biometrics. While non-biometric methods are still prevalent, their vulnerability to security breaches and phishing attacks has prompted a shift towards more secure authentication mechanisms, such as biometrics.

End-user Segmentation: Individual segment Dominates the Market

The decentralised identity market can be further segmented by end-users into Individual and Enterprises segments.

Individual Segment

In 2022, the Individual segment accounted for a significant portion of the decentralised identity market's revenue. During the forecast period from 2023 to 2031, this segment is also expected to exhibit the highest CAGR. Individuals are increasingly recognizing the importance of managing their digital identities securely, especially in the context of online services, social media, and financial transactions. Decentralized identity solutions empower individuals to control their digital presence.

Enterprises Segment

The Enterprises segment, which includes businesses of all sizes and industries, contributes substantially to the decentralised identity market's revenue. Enterprises are expected to continue adopting decentralized identity solutions during the forecast period. Enterprises benefit from decentralized identity solutions by reducing the risk of data breaches, improving customer trust, and streamlining user authentication processes. These advantages drive their adoption of decentralized identity technologies.

APAC to Promise Significant Opportunities during the Forecast Period

The decentralised identity market exhibits notable geographic trends, with specific regions showing higher growth rates and revenue percentages. North America and Europe led in terms of revenue in the decentralised identity market in 2022, driven by strong regulatory frameworks and high awareness of data privacy. However, the Asia-Pacific region is anticipated to register the highest CAGR during the forecast period, reflecting the region's increasing digitalization and economic growth.

Market Competition to Intensify during the Forecast Period

Key companies in this market include Microsoft, IBM, uPort (by ConsenSys), Sovrin Foundation, SelfKey, Civic, Evernym, Accenture plc, Wipro Limited, SecureKey Technologies Inc., Persistent Systems Limited, Avast Software s.r.o., R3, Validated ID, SL, Dragonchain, Nuggets,1Kosmos Inc and others. Top players in the decentralised identity market have adopted various strategies to maintain their positions and drive growth. These strategies include partnerships, open-source development, and the expansion of blockchain ecosystems. The top companies have formed strategic alliances with organizations, governments, and technology providers to promote decentralized identity solutions. They have also contributed to open-source identity projects, fostering collaboration within the industry.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review.

Key data point that enables the estimation ofDecentralized Identity market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Decentralized Identity market and their expected impact during the forecast period.
  • Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Identity

  • Biometrics
  • Non-biometrics

End-User

  • Individual
  • Enterprises

Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises

Vertical

  • BFSI
  • Government
  • Healthcare & Life Sciences
  • Telecom & IT
  • Retail & E-commerce
  • Transport & Logistics
  • Real Estate
  • Media & Entertainment
  • Travel & Hospitality
  • Others

Region Segment (2021 - 2031; US$ Million)

  • North America
  • U.S.
  • Canada
  • Rest of North America
  • UK and European Union
  • UK
  • Germany
  • Spain
  • Italy
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East and Africa
  • GCC
  • Africa
  • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Decentralized Identity market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2031.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Decentralized Identity market?
  • Which is the largest regional market for Decentralized Identity market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Decentralized Identity market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Decentralized Identity market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Decentralized Identity Market
2.2. Global Decentralized Identity Market, By Identity, 2022 (US$ Million)
2.3. Global Decentralized Identity Market, By End-User, 2022 (US$ Million)
2.4. Global Decentralized Identity Market, By Enterprise Size, 2022 (US$ Million)
2.5. Global Decentralized Identity Market, By Vertical, 2022 (US$ Million)
2.6. Global Decentralized Identity Market, By Geography, 2022 (US$ Million)
2.7. Attractive Investment Proposition by Geography, 2022
3. Decentralized Identity Market: Competitive Analysis
3.1. Market Positioning of Key Decentralized Identity Market Vendors
3.2. Strategies Adopted by Decentralized Identity Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2022 Versus 2031
4. Decentralized Identity Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Decentralized Identity Market Value, 2021 - 2031, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2022 Versus 2031
5.3. Market Segmentation
5.3.1. Biometrics
5.3.2. Non-biometrics
6. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2022 Versus 2031
6.3. Market Segmentation
6.3.1. Individual
6.3.2. Enterprises
7. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
7.1. Market Overview
7.2. Growth & Revenue Analysis: 2022 Versus 2031
7.3. Market Segmentation
7.3.1. Large Enterprises
7.3.2. Small & Medium Enterprises
8. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
8.1. Market Overview
8.2. Growth & Revenue Analysis: 2022 Versus 2031
8.3. Market Segmentation
8.3.1. BFSI
8.3.2. Government
8.3.3. Healthcare & Life Sciences
8.3.4. Telecom & IT
8.3.5. Retail & E-commerce
8.3.6. Transport & Logistics
8.3.7. Real Estate
8.3.8. Media & Entertainment
8.3.9. Travel & Hospitality
8.3.10. Others
9. North America Decentralized Identity Market, 2021-2031, USD (Million)
9.1. Market Overview
9.2. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
9.3. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
9.4. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
9.5. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
9.6. Decentralized Identity Market: By Region, 2021-2031, USD (Million)
9.6.1. North America
9.6.1.1. U.S.
9.6.1.1.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
9.6.1.1.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
9.6.1.1.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
9.6.1.1.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
9.6.1.2. Canada
9.6.1.2.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
9.6.1.2.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
9.6.1.2.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
9.6.1.2.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
9.6.1.3. Rest of North America
9.6.1.3.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
9.6.1.3.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
9.6.1.3.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
9.6.1.3.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
10. UK and European Union Decentralized Identity Market, 2021-2031, USD (Million)
10.1. Market Overview
10.2. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
10.3. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
10.4. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
10.5. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
10.6. Decentralized Identity Market: By Region, 2021-2031, USD (Million)
10.6.1. UK and European Union
10.6.1.1. UK
10.6.1.1.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
10.6.1.1.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
10.6.1.1.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
10.6.1.1.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
10.6.1.2. Germany
10.6.1.2.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
10.6.1.2.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
10.6.1.2.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
10.6.1.2.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
10.6.1.3. Spain
10.6.1.3.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
10.6.1.3.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
10.6.1.3.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
10.6.1.3.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
10.6.1.4. Italy
10.6.1.4.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
10.6.1.4.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
10.6.1.4.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
10.6.1.4.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
10.6.1.5. France
10.6.1.5.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
10.6.1.5.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
10.6.1.5.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
10.6.1.5.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
10.6.1.6. Rest of Europe
10.6.1.6.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
10.6.1.6.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
10.6.1.6.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
10.6.1.6.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
11. Asia Pacific Decentralized Identity Market, 2021-2031, USD (Million)
11.1. Market Overview
11.2. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
11.3. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
11.4. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
11.5. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
11.6. Decentralized Identity Market: By Region, 2021-2031, USD (Million)
11.6.1. Asia Pacific
11.6.1.1. China
11.6.1.1.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
11.6.1.1.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
11.6.1.1.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
11.6.1.1.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
11.6.1.2. Japan
11.6.1.2.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
11.6.1.2.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
11.6.1.2.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
11.6.1.2.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
11.6.1.3. India
11.6.1.3.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
11.6.1.3.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
11.6.1.3.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
11.6.1.3.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
11.6.1.4. Australia
11.6.1.4.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
11.6.1.4.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
11.6.1.4.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
11.6.1.4.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
11.6.1.5. South Korea
11.6.1.5.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
11.6.1.5.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
11.6.1.5.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
11.6.1.5.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
11.6.1.6. Rest of Asia Pacific
11.6.1.6.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
11.6.1.6.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
11.6.1.6.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
11.6.1.6.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
12. Latin America Decentralized Identity Market, 2021-2031, USD (Million)
12.1. Market Overview
12.2. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
12.3. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
12.4. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
12.5. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
12.6. Decentralized Identity Market: By Region, 2021-2031, USD (Million)
12.6.1. Latin America
12.6.1.1. Brazil
12.6.1.1.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
12.6.1.1.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
12.6.1.1.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
12.6.1.1.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
12.6.1.2. Mexico
12.6.1.2.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
12.6.1.2.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
12.6.1.2.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
12.6.1.2.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
12.6.1.3. Rest of Latin America
12.6.1.3.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
12.6.1.3.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
12.6.1.3.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
12.6.1.3.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
13. Middle East and Africa Decentralized Identity Market, 2021-2031, USD (Million)
13.1. Market Overview
13.2. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
13.3. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
13.4. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
13.5. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
13.6. Decentralized Identity Market: By Region, 2021-2031, USD (Million)
13.6.1. Middle East and Africa
13.6.1.1. GCC
13.6.1.1.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
13.6.1.1.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
13.6.1.1.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
13.6.1.1.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
13.6.1.2. Africa
13.6.1.2.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
13.6.1.2.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
13.6.1.2.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
13.6.1.2.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
13.6.1.3. Rest of Middle East and Africa
13.6.1.3.1. Decentralized Identity Market: By Identity, 2021-2031, USD (Million)
13.6.1.3.2. Decentralized Identity Market: By End-User, 2021-2031, USD (Million)
13.6.1.3.3. Decentralized Identity Market: By Enterprise Size, 2021-2031, USD (Million)
13.6.1.3.4. Decentralized Identity Market: By Vertical, 2021-2031, USD (Million)
14. Company Profile
14.1. Microsoft
14.1.1. Company Overview
14.1.2. Financial Performance
14.1.3. Product Portfolio
14.1.4. Strategic Initiatives
14.2. IBM
14.2.1. Company Overview
14.2.2. Financial Performance
14.2.3. Product Portfolio
14.2.4. Strategic Initiatives
14.3. uPort (by ConsenSys)
14.3.1. Company Overview
14.3.2. Financial Performance
14.3.3. Product Portfolio
14.3.4. Strategic Initiatives
14.4. Sovrin Foundation
14.4.1. Company Overview
14.4.2. Financial Performance
14.4.3. Product Portfolio
14.4.4. Strategic Initiatives
14.5. SelfKey
14.5.1. Company Overview
14.5.2. Financial Performance
14.5.3. Product Portfolio
14.5.4. Strategic Initiatives
14.6. Civic
14.6.1. Company Overview
14.6.2. Financial Performance
14.6.3. Product Portfolio
14.6.4. Strategic Initiatives
14.7. Evernym
14.7.1. Company Overview
14.7.2. Financial Performance
14.7.3. Product Portfolio
14.7.4. Strategic Initiatives
14.8. Accenture plc
14.8.1. Company Overview
14.8.2. Financial Performance
14.8.3. Product Portfolio
14.8.4. Strategic Initiatives
14.9. Wipro Limited
14.9.1. Company Overview
14.9.2. Financial Performance
14.9.3. Product Portfolio
14.9.4. Strategic Initiatives
14.10. SecureKey Technologies Inc.
14.10.1. Company Overview
14.10.2. Financial Performance
14.10.3. Product Portfolio
14.10.4. Strategic Initiatives
14.11. Persistent Systems Limited
14.11.1. Company Overview
14.11.2. Financial Performance
14.11.3. Product Portfolio
14.11.4. Strategic Initiatives
14.12. Avast Software s.r.o.
14.12.1. Company Overview
14.12.2. Financial Performance
14.12.3. Product Portfolio
14.12.4. Strategic Initiatives
14.13. R3
14.13.1. Company Overview
14.13.2. Financial Performance
14.13.3. Product Portfolio
14.13.4. Strategic Initiatives
14.14. Validated ID, SL
14.14.1. Company Overview
14.14.2. Financial Performance
14.14.3. Product Portfolio
14.14.4. Strategic Initiatives
14.15. Dragonchain
14.15.1. Company Overview
14.15.2. Financial Performance
14.15.3. Product Portfolio
14.15.4. Strategic Initiatives
14.16. Nuggets
14.16.1. Company Overview
14.16.2. Financial Performance
14.16.3. Product Portfolio
14.16.4. Strategic Initiatives
14.17. 1Kosmos Inc
14.17.1. Company Overview
14.17.2. Financial Performance
14.17.3. Product Portfolio
14.17.4. Strategic Initiatives
14.18. Other Notable Players
14.18.1. Company Overview
14.18.2. Financial Performance
14.18.3. Product Portfolio
14.18.4. Strategic Initiatives
List of Figures
Figure 1 Global Decentralized Identity Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Decentralized Identity Market: Quality Assurance
Figure 5 Global Decentralized Identity Market, By Identity, 2022
Figure 6 Global Decentralized Identity Market, By End-User, 2022
Figure 7 Global Decentralized Identity Market, By Enterprise Size, 2022
Figure 8 Global Decentralized Identity Market, By Vertical, 2022
Figure 9 Global Decentralized Identity Market, By Geography, 2022
Figure 10 Market Geographical Opportunity Matrix - Global Decentralized Identity Market, 2022
Figure 11 Market Positioning of Key Decentralized Identity Market Players, 2022
Figure 12 Global Decentralized Identity Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031
Figure 13 Global Decentralized Identity Market, By Identity, 2022 Vs 2031, %
Figure 14 Global Decentralized Identity Market, By End-User, 2022 Vs 2031, %
Figure 15 Global Decentralized Identity Market, By Enterprise Size, 2022 Vs 2031, %
Figure 16 Global Decentralized Identity Market, By Vertical, 2022 Vs 2031, %
Figure 17 U.S. Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 18 Canada Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 19 Rest of North America Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 20 UK Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 21 Germany Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 22 Spain Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 23 Italy Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 24 France Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 25 Rest of Europe Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 26 China Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 27 Japan Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 28 India Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 29 Australia Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 30 South Korea Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 31 Rest of Asia Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 32 Brazil Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 33 Mexico Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 34 Rest of Latin America Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 35 GCC Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 36 Africa Decentralized Identity Market (US$ Million), 2021 - 2031
Figure 37 Rest of Middle East and Africa Decentralized Identity Market (US$ Million), 2021 - 2031
List of Tables
Table 1 Global Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 2 Global Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 3 Global Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 4 Global Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 5 North America Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 6 North America Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 7 North America Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 8 North America Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 9 U.S. Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 10 U.S. Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 11 U.S. Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 12 U.S. Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 13 Canada Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 14 Canada Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 15 Canada Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 16 Canada Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 17 Rest of North America Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 18 Rest of North America Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 19 Rest of North America Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 20 Rest of North America Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 21 UK and European Union Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 22 UK and European Union Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 23 UK and European Union Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 24 UK and European Union Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 25 UK Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 26 UK Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 27 UK Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 28 UK Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 29 Germany Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 30 Germany Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 31 Germany Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 32 Germany Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 33 Spain Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 34 Spain Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 35 Spain Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 36 Spain Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 37 Italy Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 38 Italy Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 39 Italy Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 40 Italy Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 41 France Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 42 France Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 43 France Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 44 France Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 45 Rest of Europe Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 46 Rest of Europe Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 47 Rest of Europe Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 48 Rest of Europe Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 49 Asia Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 50 Asia Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 51 Asia Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 52 Asia Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 53 China Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 54 China Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 55 China Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 56 China Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 57 Japan Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 58 Japan Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 59 Japan Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 60 Japan Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 61 India Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 62 India Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 63 India Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 64 India Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 65 Australia Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 66 Australia Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 67 Australia Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 68 Australia Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 69 South Korea Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 70 South Korea Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 71 South Korea Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 72 South Korea Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 73 Latin America Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 74 Latin America Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 75 Latin America Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 76 Latin America Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 77 Brazil Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 78 Brazil Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 79 Brazil Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 80 Brazil Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 81 Mexico Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 82 Mexico Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 83 Mexico Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 84 Mexico Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 85 Rest of Latin America Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 86 Rest of Latin America Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 87 Rest of Latin America Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 88 Rest of Latin America Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 89 Middle East and Africa Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 90 Middle East and Africa Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 91 Middle East and Africa Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 92 Middle East and Africa Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 93 GCC Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 94 GCC Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 95 GCC Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 96 GCC Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 97 Africa Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 98 Africa Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 99 Africa Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 100 Africa Decentralized Identity Market By Vertical, 2021-2031, USD (Million)
Table 101 Rest of Middle East and Africa Decentralized Identity Market By Identity, 2021-2031, USD (Million)
Table 102 Rest of Middle East and Africa Decentralized Identity Market By End-User, 2021-2031, USD (Million)
Table 103 Rest of Middle East and Africa Decentralized Identity Market By Enterprise Size, 2021-2031, USD (Million)
Table 104 Rest of Middle East and Africa Decentralized Identity Market By Vertical, 2021-2031, USD (Million)

Companies Mentioned

  • Microsoft
  • IBM
  • uPort (by ConsenSys)
  • Sovrin Foundation
  • SelfKey
  • Civic
  • Evernym
  • Accenture plc
  • Wipro Limited
  • SecureKey Technologies Inc.
  • Persistent Systems Limited
  • Avast Software s.r.o.
  • R3
  • Validated ID, SL
  • Dragonchain
  • Nuggets
  • 1Kosmos Inc

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