Decentralized Identity Market is anticipated to develop at a CAGR of 89.1% from 2023 to 2030, from an estimated value of USD 282.3 Million in 2022 to USD 46157.5 Million in 2030.
Decentralized identity solutions have emerged as a compelling answer to the challenges of traditional identity management systems. In today's interconnected digital landscape, where data breaches and identity theft are rampant, decentralized identity offers a promising alternative. By leveraging blockchain technology and cryptographic principles, decentralized identity platforms empower individuals to have greater control over their personal information. These systems enable users to manage and share their identity attributes in a secure, private, and verifiable manner, without relying on centralized authorities.
Moreover, the potential applications of decentralized identity extend far beyond the realm of personal data management. Industries ranging from finance and healthcare to supply chain management and voting systems stand to benefit from the adoption of decentralized identity solutions. By enabling seamless and secure identity verification across disparate systems and organizations, these platforms can streamline processes, reduce fraud, and enhance trust in digital interactions. For instance, in healthcare, decentralized identity could facilitate the secure sharing of medical records between patients, providers, and insurers, improving care coordination and patient outcomes
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Covid 19 impact analysis:
The latest report is the most recent study that offers 360° coverage of the Decentralized Identity industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Decentralized Identity market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Validated ID, Persistent, Microsoft, Wipro, Dragonchain, SecureKey Technologies, Accenture, R3, Avast, Datarella, Serto, Ping Identity, NuID, SelfKey, Nuggets, Finema, Civic Technologies, Affinidy, Hu-manity, 1Kosmos
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Decentralized Identity market.
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It has segmented the global Decentralized Identity market
By Identity type
- Non- biometrics
- Biometrics
By Organization size
- Large Enterprises
- SMEs
By End user
- Enterprises
- Individual
By Verticals
- BFSI
- Government
- Healthcare and life sciences
- Telecom and IT
- Retail & E-Commerce
- Transport and Logistics
- Real Estate
- Media and Entertainment
- Travel and Hospitality
- Others
Key Points Covered in the Report:
- A thorough analysis of value and volume at the worldwide, sector, and regional levels is included in the global Decentralized Identity' market report.
- The study offers a full business size Decentralized Identity' from a global point of view through a review of past facts and possible scenarios.
- Geographically, the Decentralized Identityof market analysis includes the number of regions and their contrast of revenue.
- The market analysis focuses on ex-factory costs, output volume, market share & sales for every manufacturer on a company level basis.
Key Reasons to Purchase this Report:
- A comprehensive study of market size, share and dynamics is a global Decentralized Identity'market research report and a thorough survey of developments in the field.
- It offers an in-depth overview of revenue growth and an analysis of the total business benefits.
- In addition to the strategic landscape for commodity pricing and marketing, the Decentralized Identity' industry research also provides key players.
- This is a new post covering the latest impact on the target market. The research report addresses the rapidly evolving market climate as well as the initial and future impact assessment.
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