Please Wait.....
Report
Global Decentralized Identity Market Report and Forecast 2024-2032
Market Report I 2024-07-18 I 191 Pages I EMR Inc.
Global Decentralized Identity Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global decentralized identity market size attained approximately USD 548.39 million in 2023. Aided by the increasing concern over data privacy and security, the market is estimated to grow at a CAGR of 89.10% in the forecast period of 2024-2032, reaching a value of around USD 1,69,556.03 million by 2032.
Decentralized identity represents a transformative approach to identity management and verification in the digital world. Unlike traditional identity systems managed by centralized authorities such as governments or major corporations, decentralized identity systems allow individuals to own and control their personal information without relying on any central authority. This system utilises blockchain technology to create a secure, immutable, and verifiable record of an individual's identity data, which they can share selectively with others to prove their identity or qualifications.
In the realm of digital interactions, where concerns about privacy and data security are paramount, decentralized identity offers a compelling solution. It mitigates risks associated with centralized data storage, such as data breaches, unauthorised access, and privacy violations. By empowering users to control their data, decentralized identity systems enhance privacy and provide a foundation for trust in digital transactions.
The global decentralized identity market is influenced by several key trends that underscore its growing relevance and potential for widespread adoption. A primary trend is the increasing concern over data privacy and security. High-profile data breaches and the tightening of data protection regulations globally, such as the GDPR in Europe and similar laws in other regions, have driven demand for more secure and private methods of handling personal identity information. Decentralized identity systems address these concerns by offering a more secure framework where users can control who accesses their data and under what circumstances.
Another significant decentralized identity market trend is the integration of decentralized identities with various sectors that require reliable verification methods. For example, in financial services, decentralized identity can streamline the Know Your Customer (KYC) process and reduce the risk of fraud. In healthcare, it can provide a secure way to manage patients' medical records, allowing data to be shared securely between providers while ensuring patient privacy. Education, e-commerce, and public services are other fields where decentralized identity systems are increasingly being explored to enhance service delivery and security.
Technological advancements in blockchain and related technologies are also propelling the global decentralized identity market growth. The development of more efficient and scalable blockchain platforms that can handle the high throughput required for the widespread use of decentralized identities is crucial. As these platforms evolve, they implement decentralized identity solutions more practical and appealing across various applications.
Furthermore, strategic partnerships between technology providers, government entities, and industry stakeholders are playing a crucial role in shaping the global decentralized identity market dynamics. These collaborations are essential for creating the interoperable standards needed for decentralized identity systems to function across different sectors and jurisdictions. As more organisations recognize the benefits of decentralized identity, such partnerships are likely to increase, driving further innovation and adoption.
Global initiatives and consortiums such as the Decentralized Identity Foundation (DIF) and the World Wide Web Consortium (W3C) are working to establish technical standards and governance models for decentralized identity. These efforts are critical for ensuring that decentralized identity solutions are secure, interoperable, and compliant with international regulations. This standardization is expected to accelerate global decentralized identity market expansion by reducing uncertainty and fragmentation, encouraging more organisations to invest in decentralized identity technologies.
The rise of smart cities and the Internet of Things (IoT) presents additional growth opportunities for the decentralized identity market. In smart city initiatives, decentralized identity can help manage and secure the vast amounts of data generated by connected devices, while in IoT applications, it can ensure secure communication and authentication between devices without the need for a central authority.
Despite its potential, the decentralized identity market faces challenges such as the complexity of the technology, which can hinder adoption, especially among organisations that lack the technical expertise to implement these systems. There is also the need for widespread public awareness and understanding of how decentralized identity works and its benefits.
Market Segmentation
The global decentralized identity market can be divided based on identity type, enterprise size, application, end use, and region.
Market Breakup by Identity Type
- Biometric
- Non-biometric
Market Breakup by Enterprise Size
- Large Enterprises
- Small and Medium Enterprises
Market Breakup by Application
- Individual
- Enterprises
Market Breakup by End Use
- BFSI
- Government
- Healthcare
- Media and Entertainment
- Manufacturing
- Retail and E-commerce
- IT and Telecom
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global decentralized identity market. Some of the major players explored in the report by Expert Market Research are as follows:
- Microsoft Corporation
- Wipro Limited
- Civic Technologies, Inc.
- Validated ID, SL
- Dragonchain
- Nuggets Ltd.
- Ping Identity Corp.
- Finema Co., Ltd.
- Datarella GmbH
- NuID, Inc.
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Decentralized Identity Market Analysis
8.1 Key Industry Highlights
8.2 Global Decentralized Identity Historical Market (2018-2023)
8.3 Global Decentralized Identity Market Forecast (2024-2032)
8.4 Global Decentralized Identity Market by Identity Type
8.4.1 Biometric
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Non-biometric
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Decentralized Identity Market by Enterprise Size
8.5.1 Large Enterprises
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Small and Medium Enterprises
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Decentralized Identity Market by Application
8.6.1 Individual
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Enterprises
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Decentralized Identity Market by End Use
8.7.1 BFSI
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Government
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Healthcare
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Media and Entertainment
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Manufacturing
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Retail and E-commerce
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 IT and Telecom
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Others
8.8 Global Decentralized Identity Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Decentralized Identity Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Decentralized Identity Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Decentralized Identity Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Decentralized Identity Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Decentralized Identity Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Microsoft Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Wipro Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Civic Technologies, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Validated ID, SL
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Dragonchain
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Nuggets Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Ping Identity Corp.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Finema Co., Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Datarella GmbH
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 NuID, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Decentralized Identity Market: Key Industry Highlights, 2018 and 2032
2. Global Decentralized Identity Historical Market: Breakup by Identity Type (USD Million), 2018-2023
3. Global Decentralized Identity Market Forecast: Breakup by Identity Type (USD Million), 2024-2032
4. Global Decentralized Identity Historical Market: Breakup by Enterprise Size (USD Million), 2018-2023
5. Global Decentralized Identity Market Forecast: Breakup by Enterprise Size (USD Million), 2024-2032
6. Global Decentralized Identity Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Decentralized Identity Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Decentralized Identity Historical Market: Breakup by End Use (USD Million), 2018-2023
9. Global Decentralized Identity Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global Decentralized Identity Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Decentralized Identity Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Decentralized Identity Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Decentralized Identity Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Decentralized Identity Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Decentralized Identity Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Decentralized Identity Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Decentralized Identity Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Decentralized Identity Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Decentralized Identity Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Decentralized Identity Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Decentralized Identity Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Decentralized Identity Market Structure
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security