A decentralized identity is an approach to identity and access management (IAM). It enables users to create and control their own digital identity without relying on a particular service vendor. Factors such as the growing instances of security breaches and identity-related fraud, the rising need for non-human digital IDs and security in consumer goods, coupled with the increasing number of tactical initiatives by the key companies are some prominent factors that impel the global market demand.
Decentralized identity is an open-standard identity authentication solution that provides a secured platform for user verification. The platform is widely operated on the basis of verifiable credentials of individuals with the help of a range of independent and transparent data exchange technology such as blockchain or other distributed ledger technology. In a digitalized platform, verifiable credential constitutes a key aspect of identity claims, and organizations issue these encrypted digital identity cards to secure identity data. As per reports of the Federal Trade Commission, the occurrence of identity fraud incidents increased by about 45% in 2020 that leading to massive financial loss for several business enterprises globally. In an attempt to prevent such events, the rate of adoption of decentralized identity solutions is rising significantly in various industries, especially in banking and other financial institutions. Rapid incidences of cybersecurity problems and other fraudulent activities such as money laundering or bribery are quite common in the banking sector.
The decentralized identity market is segmented on the basis of component, enterprise size, end user, and region. By type, it is segmented into biometrics and non-biometrics. By enterprise size, it is categorized into SMEs and large enterprises. By end user, it is categorized into enterprise and individual. By enterprise, it is segmented into BFSI, government, healthcare, manufacturing, retail and ecommerce, IT and telecom, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The market players operating in the decentralized identity platform market includes 1Kosmos, Accenture, Avast, Civic Technologies, DragonChain, Finema, Hu-manity.co, Microsoft Corporation, Nuggets, NuID, Persistent Ltd., Ping Identity, R3, SecureKey Technologies, Serto, ValidatedID, and Wipro. These key players have adopted numerous key development strategies such as partnership and new product launches, which help to strengthen their grip in the Decentralized identity market.
Decentralized identity is an open-standard identity authentication solution that provides a secured platform for user verification. The platform is widely operated on the basis of verifiable credentials of individuals with the help of a range of independent and transparent data exchange technology such as blockchain or other distributed ledger technology. In a digitalized platform, verifiable credential constitutes a key aspect of identity claims, and organizations issue these encrypted digital identity cards to secure identity data. As per reports of the Federal Trade Commission, the occurrence of identity fraud incidents increased by about 45% in 2020 that leading to massive financial loss for several business enterprises globally. In an attempt to prevent such events, the rate of adoption of decentralized identity solutions is rising significantly in various industries, especially in banking and other financial institutions. Rapid incidences of cybersecurity problems and other fraudulent activities such as money laundering or bribery are quite common in the banking sector.
The decentralized identity market is segmented on the basis of component, enterprise size, end user, and region. By type, it is segmented into biometrics and non-biometrics. By enterprise size, it is categorized into SMEs and large enterprises. By end user, it is categorized into enterprise and individual. By enterprise, it is segmented into BFSI, government, healthcare, manufacturing, retail and ecommerce, IT and telecom, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The market players operating in the decentralized identity platform market includes 1Kosmos, Accenture, Avast, Civic Technologies, DragonChain, Finema, Hu-manity.co, Microsoft Corporation, Nuggets, NuID, Persistent Ltd., Ping Identity, R3, SecureKey Technologies, Serto, ValidatedID, and Wipro. These key players have adopted numerous key development strategies such as partnership and new product launches, which help to strengthen their grip in the Decentralized identity market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the decentralized identity market analysis from 2021 to 2031 to identify the prevailing decentralized identity market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the decentralized identity market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global decentralized identity market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Non-Biometrics
- Biometrics
By Enterprise Size
- Large Enterprises
- SMEs
By End User
- Enterprises
- BFSI
- Government
- Healthcare
- Manufacturing
- Retail and Ecommerce
- IT and Telecom
- Others
- Individual
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- 1Kosmos
- Accenture plc
- Avast
- Civic Technologies
- DragonChain
- Finema
- Hu-manity.co
- Microsoft Corporation
- Nuggets
- NuID
- Ping Identity
- Persistent Ltd.
- R3
- SecureKey Technologies
- Serto
- ValidatedID
- Wipro Limited
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Patent Landscape
3.8. Key Regulation Analysis
CHAPTER 4: DECENTRALIZED IDENTITY MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Non-Biometrics
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Biometrics
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: DECENTRALIZED IDENTITY MARKET, BY ENTERPRISE SIZE
5.1 Overview
5.1.1 Market size and forecast
5.2 Large Enterprises
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 SMEs
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: DECENTRALIZED IDENTITY MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Enterprises
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.2.4 Enterprises Decentralized Identity Market by BFSI
6.2.5 Enterprises Decentralized Identity Market by Government
6.2.6 Enterprises Decentralized Identity Market by Healthcare
6.2.7 Enterprises Decentralized Identity Market by Manufacturing
6.2.8 Enterprises Decentralized Identity Market by Retail and Ecommerce
6.2.9 Enterprises Decentralized Identity Market by IT and Telecom
6.2.10 Enterprises Decentralized Identity Market by Others
6.3 Individual
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: DECENTRALIZED IDENTITY MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Enterprise Size
7.2.4 North America Market size and forecast, by End User
7.2.4.1 North America Enterprises Decentralized Identity Market by BFSI
7.2.4.2 North America Enterprises Decentralized Identity Market by Government
7.2.4.3 North America Enterprises Decentralized Identity Market by Healthcare
7.2.4.4 North America Enterprises Decentralized Identity Market by Manufacturing
7.2.4.5 North America Enterprises Decentralized Identity Market by Retail and Ecommerce
7.2.4.6 North America Enterprises Decentralized Identity Market by IT and Telecom
7.2.4.7 North America Enterprises Decentralized Identity Market by Others
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Type
7.2.5.1.2 Market size and forecast, by Enterprise Size
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Type
7.2.5.2.2 Market size and forecast, by Enterprise Size
7.2.5.2.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Enterprise Size
7.3.4 Europe Market size and forecast, by End User
7.3.4.1 Europe Enterprises Decentralized Identity Market by BFSI
7.3.4.2 Europe Enterprises Decentralized Identity Market by Government
7.3.4.3 Europe Enterprises Decentralized Identity Market by Healthcare
7.3.4.4 Europe Enterprises Decentralized Identity Market by Manufacturing
7.3.4.5 Europe Enterprises Decentralized Identity Market by Retail and Ecommerce
7.3.4.6 Europe Enterprises Decentralized Identity Market by IT and Telecom
7.3.4.7 Europe Enterprises Decentralized Identity Market by Others
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Type
7.3.5.1.2 Market size and forecast, by Enterprise Size
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Type
7.3.5.2.2 Market size and forecast, by Enterprise Size
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Type
7.3.5.3.2 Market size and forecast, by Enterprise Size
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Spain
7.3.5.4.1 Market size and forecast, by Type
7.3.5.4.2 Market size and forecast, by Enterprise Size
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Type
7.3.5.5.2 Market size and forecast, by Enterprise Size
7.3.5.5.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Enterprise Size
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.4.1 Asia-Pacific Enterprises Decentralized Identity Market by BFSI
7.4.4.2 Asia-Pacific Enterprises Decentralized Identity Market by Government
7.4.4.3 Asia-Pacific Enterprises Decentralized Identity Market by Healthcare
7.4.4.4 Asia-Pacific Enterprises Decentralized Identity Market by Manufacturing
7.4.4.5 Asia-Pacific Enterprises Decentralized Identity Market by Retail and Ecommerce
7.4.4.6 Asia-Pacific Enterprises Decentralized Identity Market by IT and Telecom
7.4.4.7 Asia-Pacific Enterprises Decentralized Identity Market by Others
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Type
7.4.5.1.2 Market size and forecast, by Enterprise Size
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 India
7.4.5.2.1 Market size and forecast, by Type
7.4.5.2.2 Market size and forecast, by Enterprise Size
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 Japan
7.4.5.3.1 Market size and forecast, by Type
7.4.5.3.2 Market size and forecast, by Enterprise Size
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Type
7.4.5.4.2 Market size and forecast, by Enterprise Size
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Market size and forecast, by Type
7.4.5.5.2 Market size and forecast, by Enterprise Size
7.4.5.5.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Enterprise Size
7.5.4 LAMEA Market size and forecast, by End User
7.5.4.1 LAMEA Enterprises Decentralized Identity Market by BFSI
7.5.4.2 LAMEA Enterprises Decentralized Identity Market by Government
7.5.4.3 LAMEA Enterprises Decentralized Identity Market by Healthcare
7.5.4.4 LAMEA Enterprises Decentralized Identity Market by Manufacturing
7.5.4.5 LAMEA Enterprises Decentralized Identity Market by Retail and Ecommerce
7.5.4.6 LAMEA Enterprises Decentralized Identity Market by IT and Telecom
7.5.4.7 LAMEA Enterprises Decentralized Identity Market by Others
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Type
7.5.5.1.2 Market size and forecast, by Enterprise Size
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Type
7.5.5.2.2 Market size and forecast, by Enterprise Size
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Type
7.5.5.3.2 Market size and forecast, by Enterprise Size
7.5.5.3.3 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 1Kosmos
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Accenture plc
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Avast
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Civic Technologies
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 DragonChain
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Finema
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Hu-manity. co
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Microsoft Corporation
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Nuggets
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 NuID
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Ping Identity
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Persistent Ltd.
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 R3
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 SecureKey Technologies
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Serto
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 ValidatedID
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Wipro Limited
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments
List of Tables
Table 1. Global Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 2. Decentralized Identity Market Size, for Non-Biometrics, by Region, 2021-2031 ($Million)
Table 3. Decentralized Identity Market for Non-Biometrics, by Country, 2021-2031 ($Million)
Table 4. Decentralized Identity Market Size, for Biometrics, by Region, 2021-2031 ($Million)
Table 5. Decentralized Identity Market for Biometrics, by Country, 2021-2031 ($Million)
Table 6. Global Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 7. Decentralized Identity Market Size, for Large Enterprises, by Region, 2021-2031 ($Million)
Table 8. Decentralized Identity Market for Large Enterprises, by Country, 2021-2031 ($Million)
Table 9. Decentralized Identity Market Size, for SMEs, by Region, 2021-2031 ($Million)
Table 10. Decentralized Identity Market for SMEs, by Country, 2021-2031 ($Million)
Table 11. Global Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 12. Decentralized Identity Market Size, for Enterprises, by Region, 2021-2031 ($Million)
Table 13. Decentralized Identity Market for Enterprises, by Country, 2021-2031 ($Million)
Table 14. Global Enterprises Decentralized Identity Market, by Bfsi, 2021-2031 ($Million)
Table 15. Global Enterprises Decentralized Identity Market, by Government, 2021-2031 ($Million)
Table 16. Global Enterprises Decentralized Identity Market, by Healthcare, 2021-2031 ($Million)
Table 17. Global Enterprises Decentralized Identity Market, by Manufacturing, 2021-2031 ($Million)
Table 18. Global Enterprises Decentralized Identity Market, by Retail and Ecommerce, 2021-2031 ($Million)
Table 19. Global Enterprises Decentralized Identity Market, by IT and Telecom, 2021-2031 ($Million)
Table 20. Global Enterprises Decentralized Identity Market, by Others, 2021-2031 ($Million)
Table 21. Decentralized Identity Market Size, for Individual, by Region, 2021-2031 ($Million)
Table 22. Decentralized Identity Market for Individual, by Country, 2021-2031 ($Million)
Table 23. Decentralized Identity Market, by Region, 2021-2031 ($Million)
Table 24. North America Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 25. North America Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 26. North America Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 27. North America Enterprises Decentralized Identity Market, by Bfsi, 2021-2031 ($Million)
Table 28. North America Enterprises Decentralized Identity Market, by Government, 2021-2031 ($Million)
Table 29. North America Enterprises Decentralized Identity Market, by Healthcare, 2021-2031 ($Million)
Table 30. North America Enterprises Decentralized Identity Market, by Manufacturing, 2021-2031 ($Million)
Table 31. North America Enterprises Decentralized Identity Market, by Retail and Ecommerce, 2021-2031 ($Million)
Table 32. North America Enterprises Decentralized Identity Market, by IT and Telecom, 2021-2031 ($Million)
Table 33. North America Enterprises Decentralized Identity Market, by Others, 2021-2031 ($Million)
Table 34. North America Decentralized Identity Market, by Country, 2021-2031 ($Million)
Table 35. U.S. Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 36. U.S. Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 37. U.S. Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 38. Canada Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 39. Canada Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 40. Canada Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 41. Europe Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 42. Europe Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 43. Europe Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 44. Europe Enterprises Decentralized Identity Market, by Bfsi, 2021-2031 ($Million)
Table 45. Europe Enterprises Decentralized Identity Market, by Government, 2021-2031 ($Million)
Table 46. Europe Enterprises Decentralized Identity Market, by Healthcare, 2021-2031 ($Million)
Table 47. Europe Enterprises Decentralized Identity Market, by Manufacturing, 2021-2031 ($Million)
Table 48. Europe Enterprises Decentralized Identity Market, by Retail and Ecommerce, 2021-2031 ($Million)
Table 49. Europe Enterprises Decentralized Identity Market, by IT and Telecom, 2021-2031 ($Million)
Table 50. Europe Enterprises Decentralized Identity Market, by Others, 2021-2031 ($Million)
Table 51. Europe Decentralized Identity Market, by Country, 2021-2031 ($Million)
Table 52. UK Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 53. UK Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 54. UK Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 55. Germany Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 56. Germany Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 57. Germany Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 58. France Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 59. France Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 60. France Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 61. Spain Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 62. Spain Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 63. Spain Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 64. Rest of Europe Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 65. Rest of Europe Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 66. Rest of Europe Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 67. Asia-Pacific Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 68. Asia-Pacific Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 69. Asia-Pacific Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 70. Asia-Pacific Enterprises Decentralized Identity Market, by Bfsi, 2021-2031 ($Million)
Table 71. Asia-Pacific Enterprises Decentralized Identity Market, by Government, 2021-2031 ($Million)
Table 72. Asia-Pacific Enterprises Decentralized Identity Market, by Healthcare, 2021-2031 ($Million)
Table 73. Asia-Pacific Enterprises Decentralized Identity Market, by Manufacturing, 2021-2031 ($Million)
Table 74. Asia-Pacific Enterprises Decentralized Identity Market, by Retail and Ecommerce, 2021-2031 ($Million)
Table 75. Asia-Pacific Enterprises Decentralized Identity Market, by IT and Telecom, 2021-2031 ($Million)
Table 76. Asia-Pacific Enterprises Decentralized Identity Market, by Others, 2021-2031 ($Million)
Table 77. Asia-Pacific Decentralized Identity Market, by Country, 2021-2031 ($Million)
Table 78. China Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 79. China Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 80. China Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 81. India Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 82. India Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 83. India Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 84. Japan Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 85. Japan Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 86. Japan Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 87. Australia Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 88. Australia Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 89. Australia Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 90. Rest of Asia-Pacific Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 91. Rest of Asia-Pacific Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 92. Rest of Asia-Pacific Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 93. LAMEA Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 94. LAMEA Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 95. LAMEA Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 96. LAMEA Enterprises Decentralized Identity Market, by Bfsi, 2021-2031 ($Million)
Table 97. LAMEA Enterprises Decentralized Identity Market, by Government, 2021-2031 ($Million)
Table 98. LAMEA Enterprises Decentralized Identity Market, by Healthcare, 2021-2031 ($Million)
Table 99. LAMEA Enterprises Decentralized Identity Market, by Manufacturing, 2021-2031 ($Million)
Table 100. LAMEA Enterprises Decentralized Identity Market, by Retail and Ecommerce, 2021-2031 ($Million)
Table 101. LAMEA Enterprises Decentralized Identity Market, by IT and Telecom, 2021-2031 ($Million)
Table 102. LAMEA Enterprises Decentralized Identity Market, by Others, 2021-2031 ($Million)
Table 103. LAMEA Decentralized Identity Market, by Country, 2021-2031 ($Million)
Table 104. Latin America Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 105. Latin America Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 106. Latin America Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 107. Middle East Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 108. Middle East Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 109. Middle East Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 110. Africa Decentralized Identity Market, by Type, 2021-2031 ($Million)
Table 111. Africa Decentralized Identity Market, by Enterprise Size, 2021-2031 ($Million)
Table 112. Africa Decentralized Identity Market, by End-user, 2021-2031 ($Million)
Table 113. 1Kosmos: Company Snapshot
Table 114. 1Kosmos: Operating Segments
Table 115. 1Kosmos: Product Portfolio
Table 116. 1Kosmos: Net Sales
Table 117. 1Kosmos: Key Strategies
Table 118. Accenture PLC: Company Snapshot
Table 119. Accenture PLC: Operating Segments
Table 120. Accenture PLC: Product Portfolio
Table 121. Accenture PLC: Net Sales
Table 122. Accenture PLC: Key Strategies
Table 123. Avast: Company Snapshot
Table 124. Avast: Operating Segments
Table 125. Avast: Product Portfolio
Table 126. Avast: Net Sales
Table 127. Avast: Key Strategies
Table 128. Civic Technologies: Company Snapshot
Table 129. Civic Technologies: Operating Segments
Table 130. Civic Technologies: Product Portfolio
Table 131. Civic Technologies: Net Sales
Table 132. Civic Technologies: Key Strategies
Table 133. Dragonchain: Company Snapshot
Table 134. Dragonchain: Operating Segments
Table 135. Dragonchain: Product Portfolio
Table 136. Dragonchain: Net Sales
Table 137. Dragonchain: Key Strategies
Table 138. Finema: Company Snapshot
Table 139. Finema: Operating Segments
Table 140. Finema: Product Portfolio
Table 141. Finema: Net Sales
Table 142. Finema: Key Strategies
Table 143. Hu-Manity. Co: Company Snapshot
Table 144. Hu-Manity. Co: Operating Segments
Table 145. Hu-Manity. Co: Product Portfolio
Table 146. Hu-Manity. Co: Net Sales
Table 147. Hu-Manity. Co: Key Strategies
Table 148. Microsoft Corporation: Company Snapshot
Table 149. Microsoft Corporation: Operating Segments
Table 150. Microsoft Corporation: Product Portfolio
Table 151. Microsoft Corporation: Net Sales
Table 152. Microsoft Corporation: Key Strategies
Table 153. Nuggets: Company Snapshot
Table 154. Nuggets: Operating Segments
Table 155. Nuggets: Product Portfolio
Table 156. Nuggets: Net Sales
Table 157. Nuggets: Key Strategies
Table 158. Nuid: Company Snapshot
Table 159. Nuid: Operating Segments
Table 160. Nuid: Product Portfolio
Table 161. Nuid: Net Sales
Table 162. Nuid: Key Strategies
Table 163. Ping Identity: Company Snapshot
Table 164. Ping Identity: Operating Segments
Table 165. Ping Identity: Product Portfolio
Table 166. Ping Identity: Net Sales
Table 167. Ping Identity: Key Strategies
Table 168. Persistent Ltd.: Company Snapshot
Table 169. Persistent Ltd.: Operating Segments
Table 170. Persistent Ltd.: Product Portfolio
Table 171. Persistent Ltd.: Net Sales
Table 172. Persistent Ltd.: Key Strategies
Table 173. R3: Company Snapshot
Table 174. R3: Operating Segments
Table 175. R3: Product Portfolio
Table 176. R3: Net Sales
Table 177. R3: Key Strategies
Table 178. Securekey Technologies: Company Snapshot
Table 179. Securekey Technologies: Operating Segments
Table 180. Securekey Technologies: Product Portfolio
Table 181. Securekey Technologies: Net Sales
Table 182. Securekey Technologies: Key Strategies
Table 183. Serto: Company Snapshot
Table 184. Serto: Operating Segments
Table 185. Serto: Product Portfolio
Table 186. Serto: Net Sales
Table 187. Serto: Key Strategies
Table 188. Validatedid: Company Snapshot
Table 189. Validatedid: Operating Segments
Table 190. Validatedid: Product Portfolio
Table 191. Validatedid: Net Sales
Table 192. Validatedid: Key Strategies
Table 193. Wipro Limited: Company Snapshot
Table 194. Wipro Limited: Operating Segments
Table 195. Wipro Limited: Product Portfolio
Table 196. Wipro Limited: Net Sales
Table 197. Wipro Limited: Key Strategies
List of Figures
Figure 1. Decentralized Identity Market Segmentation
Figure 2. Decentralized Identity Market, 2021-2031
Figure 3. Decentralized Identity Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Decentralized Identity Mark.:Drivers, Restraints and Opportunities
Figure 12. Patent Analysis by Company
Figure 13. Patent Analysis by Country
Figure 14. Key Regulation Analysis
Figure 15. Decentralized Identity Market, By Type, 2021(%)
Figure 16. Comparative Share Analysis of Non-Biometrics Decentralized Identity Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Biometrics Decentralized Identity Market, 2021-2031(%)
Figure 18. Decentralized Identity Market, By Enterprise Size, 2021(%)
Figure 19. Comparative Share Analysis of Large Enterprises Decentralized Identity Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Smes Decentralized Identity Market, 2021-2031(%)
Figure 21. Decentralized Identity Market, By End-user, 2021(%)
Figure 22. Comparative Share Analysis of Enterprises Decentralized Identity Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Individual Decentralized Identity Market, 2021-2031(%)
Figure 24. Decentralized Identity Market by Region, 2021
Figure 25. U.S. Decentralized Identity Market, 2021-2031($Million)
Figure 26. Canada Decentralized Identity Market, 2021-2031($Million)
Figure 27. Uk Decentralized Identity Market, 2021-2031($Million)
Figure 28. Germany Decentralized Identity Market, 2021-2031($Million)
Figure 29. France Decentralized Identity Market, 2021-2031($Million)
Figure 30. Spain Decentralized Identity Market, 2021-2031($Million)
Figure 31. Rest of Europe Decentralized Identity Market, 2021-2031($Million)
Figure 32. China Decentralized Identity Market, 2021-2031($Million)
Figure 33. India Decentralized Identity Market, 2021-2031($Million)
Figure 34. Japan Decentralized Identity Market, 2021-2031($Million)
Figure 35. Australia Decentralized Identity Market, 2021-2031($Million)
Figure 36. Rest of Asia-Pacific Decentralized Identity Market, 2021-2031($Million)
Figure 37. Latin America Decentralized Identity Market, 2021-2031($Million)
Figure 38. Middle East Decentralized Identity Market, 2021-2031($Million)
Figure 39. Africa Decentralized Identity Market, 2021-2031($Million)
Figure 40. Top Winning Strategies, by Year
Figure 41. Top Winning Strategies, by Development
Figure 42. Top Winning Strategies, by Company
Figure 43. Product Mapping of Top 10 Players
Figure 44. Competitive Dashboard
Figure 45. Competitive Heatmap of Top 10 Key Players
Figure 46. 1Kosmo.: Net Sales, ($Million)
Figure 47. Accenture pl.: Net Sales, ($Million)
Figure 48. Avas.: Net Sales, ($Million)
Figure 49. Civic Technologie.: Net Sales, ($Million)
Figure 50. Dragonchai.: Net Sales, ($Million)
Figure 51. Finem.: Net Sales, ($Million)
Figure 52. Hu-Manity.C.: Net Sales, ($Million)
Figure 53. Microsoft Corporatio.: Net Sales, ($Million)
Figure 54. Nugget.: Net Sales, ($Million)
Figure 55. Nui.: Net Sales, ($Million)
Figure 56. Ping Identit.: Net Sales, ($Million)
Figure 57. Persistent Ltd.: Net Sales, ($Million)
Figure 58. R.: Net Sales, ($Million)
Figure 59. Securekey Technologie.: Net Sales, ($Million)
Figure 60. Sert.: Net Sales, ($Million)
Figure 61. Validatedi.: Net Sales, ($Million)
Figure 62. Wipro Limite.: Net Sales, ($Million)
Executive Summary
According to the report, “Decentralized Identity Market," the decentralized identity market size was valued at $156.80 million in 2021, and is estimated to reach $77.8 billion by 2031, growing at a CAGR of 87.9% from 2022 to 2031.A way of managing identities and access is called decentralized identity (IAM). It gives consumers the ability to develop and manage their own digital identities independently of a specific service provider. The rise in security breaches and identity-related fraud cases, the demand for non-human digital IDs, the requirement for consumer product security, and the rising number of strategic initiatives by the major companies are some significant drivers driving the global market demand. The use of a decentralized identity system provides organizations to prevent malicious financial activities, which ultimately leads to reducing the overall risk and enhancing operational workflows. Biometrics and non-biometrics are two types of decentralized identity solutions and the majority of the business enterprises are increasingly moving toward biometric-based identity authentication due to offering various advantages for specific verification processes. Verification using biometric identities including fingerprint or finger access control systems, voice recognition, and facial recognition can be made unique for every user or individual.
Furthermore, rise in security breaches and increasing numbers of identity fraud and security breaches is boosting the growth of the global decentralized identity market. In addition, rise in applications of blockchain identity solutions in banks is positively impacts growth of the decentralized identity market. However, lack of technical expertise, and fluctuating regulatory status and a lack of rules is hampering the decentralized identity decentralized identity market growth. On the contrary, numerous uses for blockchain identity solutions, and increase in adoption of mobile device applications and platforms is expected to offer remunerative opportunities for expansion during the decentralized identity market forecast.
Depending on end-user, the enterprises segment is dominating the Decentralized Identity Market Share and is expected to do so in the forecast period. In today's interconnected world almost everything about the enterprises is present digitally on the web. Whether that be personal information like the name and date of incorporation or your financial history. Almost all the information about you is stored somewhere digitally and this digital data about you creates a digital identity. Decentralized identity is very important for all the enterprises as it differentiate one from the other. But since these digital identities and their identity data are controlled by various service providers, enterprises readily experiences misuse of personal data and data breaches that can affect your social, financial, and professional reputation of the company.
Depending on the region, North America dominated the decentralized identity market in 2021. In North America region, businesses are investing in their emerging technologies in order to improve their work efficiency. The rapidly evolving digital world requires efforts and advancements to keep up with subsequent increases in fraud and privacy concerns. A different simplified approach is needed, which understands the security model in order to keep data safe. Increasing identity thefts in government and public sectors may boost the adoption of protection services. Because of these factors the countries such as the United States, Canada, decentralized identity have seen widespread acceptance in the North America region. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to growing economies such as India and China and cloud native countries like Japan.
The current estimation of 2031 is projected to be higher than pre-COVID-19 estimates. The COVID-19 crisis had accelerated the market expansion owing to the rising rate of digital transformation among business enterprises to ensure a robust online platform for business operations. Decentralized identity solutions were extensively adopted to strengthen the verification process of users’ identities and provide a secured platform for storing identity data associated with online services. Decentralized identity technology has experienced remarkable gains due to the confluence of COVID-19. Since the outbreak of COVID-19, many businesses started providing online services. Which increased the concerns of identity security of online users. Decentralized identity plays a significant role in verifying user identities and storing it securely. In addition, organizations around the world have stepped up measures to adopt decentralized identity technologies. This is anticipated to boost the demand for Decentralized Identity Industryacross the world.
Key Findings of the Study
- By type, the biometrics segment dominated the decentralized identity market in 2021. However, the non-biometrics segment is expected to exhibit significant growth during the forecast period.
- On the basis of end-user, the enterprises segment dominated the decentralized identity market in 2021.However, the individual segment is expected to witness the highest growth rate during the forecast period.
- Region-wise, the decentralized identity market was dominated by North America in 2021. However, Asia-Pacific is expected to witness significant growth in the coming years.
- This report gives an in-depth profile of some key market players in the decentralized identity market analysis include 1Kosmos, Accenture, Avast, Civic Technologies, DragonChain, Finema, Hu-manity.co, Microsoft Corporation, Nuggets, NuID, Persistent Ltd., Ping Identity, R3, SecureKey Technologies, Serto, ValidatedID, and Wipro. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which propel growth of the decentralized identity industry globally.
Companies Mentioned
- 1Kosmos
- Accenture plc
- Avast
- Civic Technologies
- DragonChain
- Finema
- Hu-manity.co
- Microsoft Corporation
- Nuggets
- NuID
- Ping Identity
- Persistent Ltd.
- R3
- SecureKey Technologies
- Serto
- ValidatedID
- Wipro Limited
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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