Product Code: A27919
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.
Decentralized identity is an open-standard identity authentication solution that provides a secured platform for user verification. The platform is widely operated on the basis of verifiable credentials of individuals with the help of a range of independent and transparent data exchange technology such as blockchain or other distributed ledger technology. In a digitalized platform, verifiable credential constitutes a key aspect of identity claims, and organizations issue these encrypted digital identity cards to secure identity data. As per reports of the Federal Trade Commission, the occurrence of identity fraud incidents increased by about 45% in 2020 that leading to massive financial loss for several business enterprises globally. In an attempt to prevent such events, the rate of adoption of decentralized identity solutions is rising significantly in various industries, especially in banking and other financial institutions. Rapid incidences of cybersecurity problems and other fraudulent activities such as money laundering or bribery are quite common in the banking sector.
The decentralized identity market is segmented on the basis of component, enterprise size, end user, and region. By type, it is segmented into biometrics and non-biometrics. By enterprise size, it is categorized into SMEs and large enterprises. By end user, it is categorized into enterprise and individual. By enterprise, it is segmented into BFSI, government, healthcare, manufacturing, retail and ecommerce, IT and telecom, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The market players operating in the decentralized identity platform market includes 1Kosmos, Accenture, Avast, Civic Technologies, DragonChain, Finema, Hu-manity.co, Microsoft Corporation, Nuggets, NuID, Persistent Ltd., Ping Identity, R3, SecureKey Technologies, Serto, ValidatedID, and Wipro. These key players have adopted numerous key development strategies such as partnership and new product launches, which help to strengthen their grip in the Decentralized identity market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the decentralized identity market analysis from 2021 to 2031 to identify the prevailing decentralized identity market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the decentralized identity market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global decentralized identity market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Non-Biometrics
- Biometrics
By Enterprise Size
By End User
- Enterprises
- BFSI
- Government
- Healthcare
- Manufacturing
- Retail and Ecommerce
- IT and Telecom
- Others
- Individual
By Region
- North America
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- 1Kosmos
- Accenture plc
- Avast
- Civic Technologies
- DragonChain
- Finema
- Hu-manity.co
- Microsoft Corporation
- Nuggets
- NuID
- Ping Identity
- Persistent Ltd.
- R3
- SecureKey Technologies
- Serto
- ValidatedID
- Wipro Limited
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Patent Landscape
- 3.8.Key Regulation Analysis
CHAPTER 4: DECENTRALIZED IDENTITY MARKET, BY TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Non-Biometrics
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Biometrics
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
CHAPTER 5: DECENTRALIZED IDENTITY MARKET, BY ENTERPRISE SIZE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Large Enterprises
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 SMEs
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
CHAPTER 6: DECENTRALIZED IDENTITY MARKET, BY END USER
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Enterprises
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.2.4 Enterprises Decentralized Identity Market by BFSI
- 6.2.5 Enterprises Decentralized Identity Market by Government
- 6.2.6 Enterprises Decentralized Identity Market by Healthcare
- 6.2.7 Enterprises Decentralized Identity Market by Manufacturing
- 6.2.8 Enterprises Decentralized Identity Market by Retail and Ecommerce
- 6.2.9 Enterprises Decentralized Identity Market by IT and Telecom
- 6.2.10 Enterprises Decentralized Identity Market by Others
- 6.3 Individual
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
CHAPTER 7: DECENTRALIZED IDENTITY MARKET, BY REGION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 North America
- 7.2.1 Key trends and opportunities
- 7.2.2 North America Market size and forecast, by Type
- 7.2.3 North America Market size and forecast, by Enterprise Size
- 7.2.4 North America Market size and forecast, by End User
- 7.2.4.1 North America Enterprises Decentralized Identity Market by BFSI
- 7.2.4.2 North America Enterprises Decentralized Identity Market by Government
- 7.2.4.3 North America Enterprises Decentralized Identity Market by Healthcare
- 7.2.4.4 North America Enterprises Decentralized Identity Market by Manufacturing
- 7.2.4.5 North America Enterprises Decentralized Identity Market by Retail and Ecommerce
- 7.2.4.6 North America Enterprises Decentralized Identity Market by IT and Telecom
- 7.2.4.7 North America Enterprises Decentralized Identity Market by Others
- 7.2.5 North America Market size and forecast, by country
- 7.2.5.1 U.S.
- 7.2.5.1.1 Market size and forecast, by Type
- 7.2.5.1.2 Market size and forecast, by Enterprise Size
- 7.2.5.1.3 Market size and forecast, by End User
- 7.2.5.2 Canada
- 7.2.5.2.1 Market size and forecast, by Type
- 7.2.5.2.2 Market size and forecast, by Enterprise Size
- 7.2.5.2.3 Market size and forecast, by End User
- 7.3 Europe
- 7.3.1 Key trends and opportunities
- 7.3.2 Europe Market size and forecast, by Type
- 7.3.3 Europe Market size and forecast, by Enterprise Size
- 7.3.4 Europe Market size and forecast, by End User
- 7.3.4.1 Europe Enterprises Decentralized Identity Market by BFSI
- 7.3.4.2 Europe Enterprises Decentralized Identity Market by Government
- 7.3.4.3 Europe Enterprises Decentralized Identity Market by Healthcare
- 7.3.4.4 Europe Enterprises Decentralized Identity Market by Manufacturing
- 7.3.4.5 Europe Enterprises Decentralized Identity Market by Retail and Ecommerce
- 7.3.4.6 Europe Enterprises Decentralized Identity Market by IT and Telecom
- 7.3.4.7 Europe Enterprises Decentralized Identity Market by Others
- 7.3.5 Europe Market size and forecast, by country
- 7.3.5.1 UK
- 7.3.5.1.1 Market size and forecast, by Type
- 7.3.5.1.2 Market size and forecast, by Enterprise Size
- 7.3.5.1.3 Market size and forecast, by End User
- 7.3.5.2 Germany
- 7.3.5.2.1 Market size and forecast, by Type
- 7.3.5.2.2 Market size and forecast, by Enterprise Size
- 7.3.5.2.3 Market size and forecast, by End User
- 7.3.5.3 France
- 7.3.5.3.1 Market size and forecast, by Type
- 7.3.5.3.2 Market size and forecast, by Enterprise Size
- 7.3.5.3.3 Market size and forecast, by End User
- 7.3.5.4 Spain
- 7.3.5.4.1 Market size and forecast, by Type
- 7.3.5.4.2 Market size and forecast, by Enterprise Size
- 7.3.5.4.3 Market size and forecast, by End User
- 7.3.5.5 Rest of Europe
- 7.3.5.5.1 Market size and forecast, by Type
- 7.3.5.5.2 Market size and forecast, by Enterprise Size
- 7.3.5.5.3 Market size and forecast, by End User
- 7.4 Asia-Pacific
- 7.4.1 Key trends and opportunities
- 7.4.2 Asia-Pacific Market size and forecast, by Type
- 7.4.3 Asia-Pacific Market size and forecast, by Enterprise Size
- 7.4.4 Asia-Pacific Market size and forecast, by End User
- 7.4.4.1 Asia-Pacific Enterprises Decentralized Identity Market by BFSI
- 7.4.4.2 Asia-Pacific Enterprises Decentralized Identity Market by Government
- 7.4.4.3 Asia-Pacific Enterprises Decentralized Identity Market by Healthcare
- 7.4.4.4 Asia-Pacific Enterprises Decentralized Identity Market by Manufacturing
- 7.4.4.5 Asia-Pacific Enterprises Decentralized Identity Market by Retail and Ecommerce
- 7.4.4.6 Asia-Pacific Enterprises Decentralized Identity Market by IT and Telecom
- 7.4.4.7 Asia-Pacific Enterprises Decentralized Identity Market by Others
- 7.4.5 Asia-Pacific Market size and forecast, by country
- 7.4.5.1 China
- 7.4.5.1.1 Market size and forecast, by Type
- 7.4.5.1.2 Market size and forecast, by Enterprise Size
- 7.4.5.1.3 Market size and forecast, by End User
- 7.4.5.2 India
- 7.4.5.2.1 Market size and forecast, by Type
- 7.4.5.2.2 Market size and forecast, by Enterprise Size
- 7.4.5.2.3 Market size and forecast, by End User
- 7.4.5.3 Japan
- 7.4.5.3.1 Market size and forecast, by Type
- 7.4.5.3.2 Market size and forecast, by Enterprise Size
- 7.4.5.3.3 Market size and forecast, by End User
- 7.4.5.4 Australia
- 7.4.5.4.1 Market size and forecast, by Type
- 7.4.5.4.2 Market size and forecast, by Enterprise Size
- 7.4.5.4.3 Market size and forecast, by End User
- 7.4.5.5 Rest of Asia-Pacific
- 7.4.5.5.1 Market size and forecast, by Type
- 7.4.5.5.2 Market size and forecast, by Enterprise Size
- 7.4.5.5.3 Market size and forecast, by End User
- 7.5 LAMEA
- 7.5.1 Key trends and opportunities
- 7.5.2 LAMEA Market size and forecast, by Type
- 7.5.3 LAMEA Market size and forecast, by Enterprise Size
- 7.5.4 LAMEA Market size and forecast, by End User
- 7.5.4.1 LAMEA Enterprises Decentralized Identity Market by BFSI
- 7.5.4.2 LAMEA Enterprises Decentralized Identity Market by Government
- 7.5.4.3 LAMEA Enterprises Decentralized Identity Market by Healthcare
- 7.5.4.4 LAMEA Enterprises Decentralized Identity Market by Manufacturing
- 7.5.4.5 LAMEA Enterprises Decentralized Identity Market by Retail and Ecommerce
- 7.5.4.6 LAMEA Enterprises Decentralized Identity Market by IT and Telecom
- 7.5.4.7 LAMEA Enterprises Decentralized Identity Market by Others
- 7.5.5 LAMEA Market size and forecast, by country
- 7.5.5.1 Latin America
- 7.5.5.1.1 Market size and forecast, by Type
- 7.5.5.1.2 Market size and forecast, by Enterprise Size
- 7.5.5.1.3 Market size and forecast, by End User
- 7.5.5.2 Middle East
- 7.5.5.2.1 Market size and forecast, by Type
- 7.5.5.2.2 Market size and forecast, by Enterprise Size
- 7.5.5.2.3 Market size and forecast, by End User
- 7.5.5.3 Africa
- 7.5.5.3.1 Market size and forecast, by Type
- 7.5.5.3.2 Market size and forecast, by Enterprise Size
- 7.5.5.3.3 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Key developments
CHAPTER 9: COMPANY PROFILES
- 9.1 1Kosmos
- 9.1.1 Company overview
- 9.1.2 Company snapshot
- 9.1.3 Operating business segments
- 9.1.4 Product portfolio
- 9.1.5 Business performance
- 9.1.6 Key strategic moves and developments
- 9.2 Accenture plc
- 9.2.1 Company overview
- 9.2.2 Company snapshot
- 9.2.3 Operating business segments
- 9.2.4 Product portfolio
- 9.2.5 Business performance
- 9.2.6 Key strategic moves and developments
- 9.3 Avast
- 9.3.1 Company overview
- 9.3.2 Company snapshot
- 9.3.3 Operating business segments
- 9.3.4 Product portfolio
- 9.3.5 Business performance
- 9.3.6 Key strategic moves and developments
- 9.4 Civic Technologies
- 9.4.1 Company overview
- 9.4.2 Company snapshot
- 9.4.3 Operating business segments
- 9.4.4 Product portfolio
- 9.4.5 Business performance
- 9.4.6 Key strategic moves and developments
- 9.5 DragonChain
- 9.5.1 Company overview
- 9.5.2 Company snapshot
- 9.5.3 Operating business segments
- 9.5.4 Product portfolio
- 9.5.5 Business performance
- 9.5.6 Key strategic moves and developments
- 9.6 Finema
- 9.6.1 Company overview
- 9.6.2 Company snapshot
- 9.6.3 Operating business segments
- 9.6.4 Product portfolio
- 9.6.5 Business performance
- 9.6.6 Key strategic moves and developments
- 9.7 Hu-manity.co
- 9.7.1 Company overview
- 9.7.2 Company snapshot
- 9.7.3 Operating business segments
- 9.7.4 Product portfolio
- 9.7.5 Business performance
- 9.7.6 Key strategic moves and developments
- 9.8 Microsoft Corporation
- 9.8.1 Company overview
- 9.8.2 Company snapshot
- 9.8.3 Operating business segments
- 9.8.4 Product portfolio
- 9.8.5 Business performance
- 9.8.6 Key strategic moves and developments
- 9.9 Nuggets
- 9.9.1 Company overview
- 9.9.2 Company snapshot
- 9.9.3 Operating business segments
- 9.9.4 Product portfolio
- 9.9.5 Business performance
- 9.9.6 Key strategic moves and developments
- 9.10 NuID
- 9.10.1 Company overview
- 9.10.2 Company snapshot
- 9.10.3 Operating business segments
- 9.10.4 Product portfolio
- 9.10.5 Business performance
- 9.10.6 Key strategic moves and developments
- 9.11 Ping Identity
- 9.11.1 Company overview
- 9.11.2 Company snapshot
- 9.11.3 Operating business segments
- 9.11.4 Product portfolio
- 9.11.5 Business performance
- 9.11.6 Key strategic moves and developments
- 9.12 Persistent Ltd.
- 9.12.1 Company overview
- 9.12.2 Company snapshot
- 9.12.3 Operating business segments
- 9.12.4 Product portfolio
- 9.12.5 Business performance
- 9.12.6 Key strategic moves and developments
- 9.13 R3
- 9.13.1 Company overview
- 9.13.2 Company snapshot
- 9.13.3 Operating business segments
- 9.13.4 Product portfolio
- 9.13.5 Business performance
- 9.13.6 Key strategic moves and developments
- 9.14 SecureKey Technologies
- 9.14.1 Company overview
- 9.14.2 Company snapshot
- 9.14.3 Operating business segments
- 9.14.4 Product portfolio
- 9.14.5 Business performance
- 9.14.6 Key strategic moves and developments
- 9.15 Serto
- 9.15.1 Company overview
- 9.15.2 Company snapshot
- 9.15.3 Operating business segments
- 9.15.4 Product portfolio
- 9.15.5 Business performance
- 9.15.6 Key strategic moves and developments
- 9.16 ValidatedID
- 9.16.1 Company overview
- 9.16.2 Company snapshot
- 9.16.3 Operating business segments
- 9.16.4 Product portfolio
- 9.16.5 Business performance
- 9.16.6 Key strategic moves and developments
- 9.17 Wipro Limited
- 9.17.1 Company overview
- 9.17.2 Company snapshot
- 9.17.3 Operating business segments
- 9.17.4 Product portfolio
- 9.17.5 Business performance
- 9.17.6 Key strategic moves and developments