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Global Decentralized Identity Market Size study, By Identity Type (Non- biometrics, Biometrics), By Organization Size (Large Enterprises, Small and Medium Enterprises), By Verticals (BFSI, Government, Healthcare and life sciences, Telecom and IT, Retail & E-Commerce, Other Verticals), and Regional Forecasts 2022-2028

  • BIZ4983117
  • 200 Pages
  • June 2022
  • ICT & Media
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Global Decentralized Identity Market is valued at approximately USD 151.03 million in 2021 and is anticipated to grow with a healthy growth rate of more than 88.7% over the forecast period 2022-2028. 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. For instance, in March 2022, SecureKey was acquired by Avast with the aim of accessing Avast decentralized identity expertise and large customer base. Also, it will help Avast to expand its geographic footprints. Likewise, in April 2021, Accenture entered into a partnership agreement with Nuggets- a self-sovereign digital ID and payments platform. The objective of this partnership is to support Nuggets to enhance and develop the company’s business models and decentralized identity technologies. Accordingly, the rising number of strategic actions by the market players is fostering the demand for a decentralized identity, which boosts market growth across the globe. However, a lack of technical knowledge and understanding of the blockchain concept, along with the uncertain regulatory status and unavailability of a common set of standards curbs the growth of the market over the forecast period of 2022-2028. Also, the rising integration of blockchain in decentralized identity and the growing adoption of SSIs are anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Decentralized Identity Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising adoption of various novel technologies, and the presence of various prominent market players such as Microsoft, Serto, Dragonchain, Civic Technologies, and many others. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the increasing number of criminal activities, and the growth of banking, cybersecurity and IoT sectors, would create lucrative growth prospects for the Decentralized Identity Market across the Asia-Pacific region.

Major market players included in this report are:

Microsoft

Accenture

Persistent

Wipro

SecureKey Technologies

Validated ID

Serto

Ping Identity

Dragonchain

Datarella

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Identity Type:

Non- biometrics

Biometrics

By Organization Size:

Large Enterprises

Small and Medium Enterprises

By Verticals:

BFSI

Government

Healthcare and life sciences

Telecom and IT

Retail & E-Commerce

Other Verticals

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020

Base year – 2021

Forecast period – 2022 to 2028

Target Audience of the Global Decentralized Identity Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)

1.2.1. Decentralized Identity Market, by Region, 2020-2028 (USD Million)

1.2.2. Decentralized Identity Market, by Identity Type, 2020-2028 (USD Million)

1.2.3. Decentralized Identity Market, by Organization Size, 2020-2028 (USD Million)

1.2.4. Decentralized Identity Market, by Verticals, 2020-2028 (USD Million)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Decentralized Identity Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Decentralized Identity Market Dynamics

3.1. Decentralized Identity Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Growing instances of security breaches and identity related fraud

3.1.1.2. Increasing number of tactical initiatives by the key companies

3.1.2. Market Challenges

3.1.2.1. Lack of technical knowledge and understanding of blockchain concept

3.1.2.2. Uncertain regulatory status and unavailability of common set of standards

3.1.3. Market Opportunities

3.1.3.1. Rising integration of blockchain in decentralized identity

3.1.3.2. Growing adoption of SSIs

Chapter 4. Global Decentralized Identity Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Decentralized Identity Market, by Identity Type

6.1. Market Snapshot

6.2. Global Decentralized Identity Market by Identity Type, Performance - Potential Analysis

6.3. Global Decentralized Identity Market Estimates & Forecasts by Identity Type, 2018-2028 (USD Million)

6.4. Decentralized Identity Market, Sub Segment Analysis

6.4.1. Non- biometrics

6.4.2. Biometrics

Chapter 7. Global Decentralized Identity Market, by Organization Size

7.1. Market Snapshot

7.2. Global Decentralized Identity Market by Organization Size, Performance - Potential Analysis

7.3. Global Decentralized Identity Market Estimates & Forecasts by Organization Size 2018-2028 (USD Million)

7.4. Decentralized Identity Market, Sub Segment Analysis

7.4.1. Large Enterprises

7.4.2. Small and Medium Enterprises

Chapter 8. Global Decentralized Identity Market, by Verticals

8.1. Market Snapshot

8.2. Global Decentralized Identity Market by Verticals, Performance - Potential Analysis

8.3. Global Decentralized Identity Market Estimates & Forecasts by Verticals, 2018-2028 (USD Million)

8.4. Decentralized Identity Market, Sub Segment Analysis

8.4.1. BFSI

8.4.2. Government

8.4.3. Healthcare and life sciences

8.4.4. Telecom and IT

8.4.5. Retail & E-Commerce

8.4.6. Other Verticals

Chapter 9. Global Decentralized Identity Market, Regional Analysis

9.1. Decentralized Identity Market, Regional Market Snapshot

9.2. North America Decentralized Identity Market

9.2.1. U.S. Decentralized Identity Market

9.2.1.1. Identity Type breakdown estimates & forecasts, 2018-2028

9.2.1.2. Organization Size breakdown estimates & forecasts, 2018-2028

9.2.1.3. Verticals breakdown estimates & forecasts, 2018-2028

9.2.2. Canada Decentralized Identity Market

9.3. Europe Decentralized Identity Market Snapshot

9.3.1. U.K. Decentralized Identity Market

9.3.2. Germany Decentralized Identity Market

9.3.3. France Decentralized Identity Market

9.3.4. Spain Decentralized Identity Market

9.3.5. Italy Decentralized Identity Market

9.3.6. Rest of Europe Decentralized Identity Market

9.4. Asia-Pacific Decentralized Identity Market Snapshot

9.4.1. China Decentralized Identity Market

9.4.2. India Decentralized Identity Market

9.4.3. Japan Decentralized Identity Market

9.4.4. Australia Decentralized Identity Market

9.4.5. South Korea Decentralized Identity Market

9.4.6. Rest of Asia Pacific Decentralized Identity Market

9.5. Latin America Decentralized Identity Market Snapshot

9.5.1. Brazil Decentralized Identity Market

9.5.2. Mexico Decentralized Identity Market

9.6. Rest of The World Decentralized Identity Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies

10.2. Company Profiles

10.2.1. Microsoft

10.2.1.1. Key Information

10.2.1.2. Overview

10.2.1.3. Financial (Subject to Data Availability)

10.2.1.4. Product Summary

10.2.1.5. Recent Developments

10.2.2. Accenture

10.2.3. Persistent

10.2.4. Wipro

10.2.5. SecureKey Technologies

10.2.6. Validated ID

10.2.7. Serto

10.2.8. Ping Identity

10.2.9. Dragonchain

10.2.10. Datarella

Chapter 11. Research Process

11.1. Research Process

11.1.1. Data Mining

11.1.2. Analysis

11.1.3. Market Estimation

11.1.4. Validation

11.1.5. Publishing

11.2. Research Attributes

11.3. Research Assumption

List of Tables

TABLE 1. Global Decentralized Identity Market, report scope

TABLE 2. Global Decentralized Identity Market estimates & forecasts by Region 2018-2028 (USD Million)

TABLE 3. Global Decentralized Identity Market estimates & forecasts by Identity Type 2018-2028 (USD Million)

TABLE 4. Global Decentralized Identity Market estimates & forecasts by Organization Size 2018-2028 (USD Million)

TABLE 5. Global Decentralized Identity Market estimates & forecasts by Verticals 2018-2028 (USD Million)

TABLE 6. Global Decentralized Identity Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 7. Global Decentralized Identity Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 8. Global Decentralized Identity Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 9. Global Decentralized Identity Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 10. Global Decentralized Identity Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 11. Global Decentralized Identity Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 12. Global Decentralized Identity Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 13. Global Decentralized Identity Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 14. Global Decentralized Identity Market by segment, estimates & forecasts, 2018-2028 (USD Million)

TABLE 15. Global Decentralized Identity Market by region, estimates & forecasts, 2018-2028 (USD Million)

TABLE 16. U.S. Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 17. U.S. Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 18. U.S. Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 19. Canada Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 20. Canada Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 21. Canada Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 22. UK Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 23. UK Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 24. UK Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 25. Germany Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 26. Germany Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 27. Germany Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 28. RoE Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 29. RoE Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 30. RoE Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 31. China Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 32. China Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 33. China Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 34. India Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 35. India Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 36. India Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 37. Japan Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 38. Japan Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 39. Japan Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 40. RoAPAC Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 41. RoAPAC Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 42. RoAPAC Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 43. Brazil Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 44. Brazil Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 45. Brazil Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 46. Mexico Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 47. Mexico Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 48. Mexico Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 49. RoLA Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 50. RoLA Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 51. RoLA Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 52. Row Decentralized Identity Market estimates & forecasts, 2018-2028 (USD Million)

TABLE 53. Row Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 54. Row Decentralized Identity Market estimates & forecasts by segment 2018-2028 (USD Million)

TABLE 55. List of secondary sources, used in the study of global Decentralized Identity Market

TABLE 56. List of primary sources, used in the study of global Decentralized Identity Market

TABLE 57. Years considered for the study

TABLE 58. Exchange rates considered

 
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