Press release
Decentralized Identity Market May See a Big Move | Microsoft, Dragonchain, Nuggets
Decentralized Identity Market
Some of the key players profiled in the study are:
Microsoft Corporation, Wipro Limited and Subsidiaries, Secure Technologies Inc., Persistent Systems Limited, Avast Software s.r.o., Civic Technologies, Inc., R3, Validated ID, SL, Dragonchain, Nuggets, 1Kosmos Inc.
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Scope of the Report of Decentralized Identity
The Decentralized Identity Market size was valued at USD 1.13 billion in 2023 and is projected to reach USD 102.13 billion by 2032, exhibiting a CAGR of 90.3 % during the forecasts period. This surge is driven by the multifaceted benefits of decentralized identity, including enhanced privacy, security, and flexibility. Government initiatives, heightened food security concerns, and technological advancements in data processing and storage contribute significantly to this growth. Applications span various industries, addressing challenges in digital identification, authentication, and verification. Decentralized Identity refers to a digital identity model where users have control over their personal information without relying on a central authority. It enables individuals to manage and authenticate their identity across various platforms securely.
The titled segments and sub-section of the market are illuminated below:
Identity Type: Biometrics, Non-biometrics, End-user: Individual, Enterprises
Market Drivers:
Growing demand for digital identity solutions
Advancements in blockchain technology
Market Trends:
Self-sovereign identity: Individuals have control over their own identity data
Blockchain-based solutions: Enhanced security and immutable records
Restrains:
Technical complexity and interoperability issues
Lack of universal standards and regulations
Privacy concerns and data security risks
What can be explored with the Decentralized Identity Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyse and Measure the Global Decentralized Identity Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in Decentralized Identity
• Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Decentralized Identity Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Decentralized Identity market
Chapter 2: Exclusive Summary - the basic information of the Decentralized Identity Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Decentralized Identity
Chapter 4: Presenting the Decentralized Identity Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2019-2023
Chapter 6: Evaluating the leading manufacturers of the Decentralized Identity market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Decentralized Identity Market is a valuable source of guidance for individuals and companies.
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Archive Market Research is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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