Global Decentralized Identity Systems Supply, Demand and Key Producers, 2023-2029

Global Decentralized Identity Systems Supply, Demand and Key Producers, 2023-2029

The global Decentralized Identity Systems market size is expected to reach $ 8966.3 million by 2029, rising at a market growth of 62.7% CAGR during the forecast period (2023-2029).

The key players of global decentralized identity systems are Microsoft, Avast, Ping Identity, 1Kosmos, IBM, Accenture, R3, Civic Technologies, etc. The top seven producers together account for more than 50% of the market share. The largest producer is Microsoft, with a market share of more than 10%. Production regions are mainly located in the United States, Europe, China, Southeast Asia and so on. At the consumption level, North America has the largest market share, accounting for 40%. In terms of categories, biometric decentralized identity systems have a higher market share of more than 60%, while non-biometrics have a lower share. In terms of its applications, BFSI has the highest market share with more than 35%, followed by Telecom & IT and Government.

Decentralized identity, also referred to as self-sovereign identity, is an open-standards based identity framework that uses digital identifiers and verifiable credentials that are self-owned, independent, and enable trusted data exchange.

This report studies the global Decentralized Identity Systems demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Decentralized Identity Systems, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Decentralized Identity Systems that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Decentralized Identity Systems total market, 2018-2029, (USD Million)

Global Decentralized Identity Systems total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: Decentralized Identity Systems total market, key domestic companies and share, (USD Million)

Global Decentralized Identity Systems revenue by player and market share 2018-2023, (USD Million)

Global Decentralized Identity Systems total market by Type, CAGR, 2018-2029, (USD Million)

Global Decentralized Identity Systems total market by Application, CAGR, 2018-2029, (USD Million)

This reports profiles major players in the global Decentralized Identity Systems market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Microsoft, Avast, Ping Identity, 1Kosmos, IBM, Accenture, R3, Civic Technologies and InfoCert, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Decentralized Identity Systems market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Decentralized Identity Systems Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Decentralized Identity Systems Market, Segmentation by Type
Biometric
Non-biometric

Global Decentralized Identity Systems Market, Segmentation by Application
BFSI
Government
Healthcare and Life Sciences
Telecom and IT
Retail and E-Commerce
Transport and Logistics
Media & Entertainment
Other

Companies Profiled:
Microsoft
Avast
Ping Identity
1Kosmos
IBM
Accenture
R3
Civic Technologies
InfoCert
Ontology
Spruce ID
TrueVett (VeriME)
Dock Labs
Finema
Metadium
Affinidi
Datarella
Infopulse
Dragonchain
Validated ID
Serto
Blockster Labs
Nuggets

Key Questions Answered

1. How big is the global Decentralized Identity Systems market?

2. What is the demand of the global Decentralized Identity Systems market?

3. What is the year over year growth of the global Decentralized Identity Systems market?

4. What is the total value of the global Decentralized Identity Systems market?

5. Who are the major players in the global Decentralized Identity Systems market?

6. What are the growth factors driving the market demand?