Press release
Decentralized Identity Software Market Size, Share, Growth, Forecast, Insights
Decentralized identity solutions are used for identity management and verification. Businesses use decentralized identity to streamline identity operations. This includes reducing user identity fraud, rapidly onboarding new users, reducing costs associated with provisioning and issuing digital certificates, offering end users a privacy-preserving identity verification method, and reducing security risks associated with centrally storing identity information, including regulated data such as personally identifiable information (PII).
The global Decentralized Identity Software market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, Cloud Based accounting for % of the Decentralized Identity Software global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.
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While SMEs segment is altered to an % CAGR throughout this forecast period.
China Decentralized Identity Software market size is valued at US$ million in 2021, while the North America and Europe Decentralized Identity Software are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period.
As for the Europe Decentralized Identity Software landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Decentralized Identity Software market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Decentralized Identity Software market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Decentralized Identity Software market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Decentralized Identity Software market.
Decentralized Identity Software market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Decentralized Identity Software market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
By Type
• Cloud Based
• On-premises
By Application
• SMEs
• Large Enterprises
By Company
• Microsoft
• CREDEBL
• Hyperledger
• Cove Identity
• Nxt Platform
• Serto
• Block Systems
• Authentiq
• BitMark
• BlockCypher
• 1Kosmos
• BlockScore
• Blockstack
• Bloom
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