Global Decentralized Identity Systems Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Global Decentralized Identity Systems Market 2023 by Company, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Decentralized Identity Systems market size was valued at USD 296.8 million in 2022 and is forecast to a readjusted size of USD 8966.3 million by 2029 with a CAGR of 62.7% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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 is a detailed and comprehensive analysis for global Decentralized Identity Systems market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global Decentralized Identity Systems market size and forecasts, in consumption value ($ Million), 2018-2029

Global Decentralized Identity Systems market size and forecasts by region and country, in consumption value ($ Million), 2018-2029

Global Decentralized Identity Systems market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029

Global Decentralized Identity Systems market shares of main players, in revenue ($ Million), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Decentralized Identity Systems

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Decentralized Identity Systems market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Microsoft, Avast, Ping Identity, 1Kosmos and IBM, etc.

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

Market segmentation

Decentralized Identity Systems market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Biometric
Non-biometric

Market segment by Application
BFSI
Government
Healthcare and Life Sciences
Telecom and IT
Retail and E-Commerce
Transport and Logistics
Media & Entertainment
Other

Market segment by players, this report covers
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

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Decentralized Identity Systems product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Decentralized Identity Systems, with revenue, gross margin and global market share of Decentralized Identity Systems from 2018 to 2023.

Chapter 3, the Decentralized Identity Systems competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Decentralized Identity Systems market forecast, by regions, type and application, with consumption value, from 2024 to 2029.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War

Chapter 12, the key raw materials and key suppliers, and industry chain of Decentralized Identity Systems.

Chapter 13, to describe Decentralized Identity Systems research findings and conclusion.