Global Blockchain Decentralized Identity Market Growth (Status and Outlook) 2024-2030

Global Blockchain Decentralized Identity Market Growth (Status and Outlook) 2024-2030

Blockchain technology provides a robust platform for implementing decentralized identity (DID) systems, which significantly enhance security and user control compared to traditional centralized identity management methods.

Decentralized Identity (DID) refers to a digital identity that is controlled by the identity holder, rather than a central authority. It uses blockchain to create a secure, immutable, and transparent system where the identity information is stored and managed.

Blockchain serves as the foundational technology for decentralized identities. It allows for the creation of a distributed ledger that no single entity owns or controls. This ledger records all identity transactions (creation, modification, verification) in a secure and tamper-proof manner.

The global Blockchain Decentralized Identity market size is projected to grow from US$ 47.9 million in 2024 to US$ 269 million in 2030; it is expected to grow at a CAGR of 33.3% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Blockchain Decentralized Identity Industry Forecast” looks at past sales and reviews total world Blockchain Decentralized Identity sales in 2022, providing a comprehensive analysis by region and market sector of projected Blockchain Decentralized Identity sales for 2023 through 2029. With Blockchain Decentralized Identity sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Blockchain Decentralized Identity industry.

This Insight Report provides a comprehensive analysis of the global Blockchain Decentralized Identity landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Blockchain Decentralized Identity portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Blockchain Decentralized Identity market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Blockchain Decentralized Identity and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Blockchain Decentralized Identity.

United States market for Blockchain Decentralized Identity is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Blockchain Decentralized Identity is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Blockchain Decentralized Identity is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Blockchain Decentralized Identity players cover Microsoft, Accenture, Wipro, SecureKey Technologies, R3, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Blockchain Decentralized Identity market by product type, application, key players and key regions and countries.

Segmentation by Type:
Public DIDs
Private DIDs

Segmentation by Application:
Government
Telecom and IT
Finance
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Public DIDs
Private DIDs

Segmentation by Application:
Government
Telecom and IT
Finance
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Microsoft
Accenture
Wipro
SecureKey Technologies
R3
Avast
Ping Identity
Finema
Galxe(GAL)
Ethereum Name Service(ENS)
Polygon ID
Worldcoin

Please note: The report will take approximately 2 business days to prepare and deliver.