Global Decentralized Identity Systems Market Growth (Status and Outlook) 2023-2029

Global Decentralized Identity Systems Market Growth (Status and Outlook) 2023-2029

The global Decentralized Identity Systems market size is projected to grow from US$ 282.2 million in 2022 to US$ 10650 million in 2029; it is expected to grow at a CAGR of 68.0% from 2023 to 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.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Decentralized Identity Systems 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 Decentralized Identity Systems.

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

Market Segmentation:

Segmentation by type
Biometric
Non-biometric

Segmentation by application
BFSI
Government
Healthcare and Life Sciences
Telecom and IT
Retail and E-Commerce
Transport and Logistics
Media & Entertainment
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
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

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