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Decentralized Identity Market Report Scope & Overview:

The Decentralized Identity Market size was valued at USD 1.15 Billion in 2023 and is estimated to reach over USD 195.32 billion in 2031 with a growing CAGR of 90.00% Over the Forecast Period of 2024-2031.

Decentralized identity is an innovative and secure solution for verifying user identities. It operates on an open-standard platform, utilizing cutting-edge technologies like blockchain or distributed ledger technology to ensure transparency and independence in data exchange. In today's digitalized world, verifiable credentials play a crucial role in establishing identity claims.

Decentralized Identity Market Revenue Analysis

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Organizations issue encrypted digital identity cards, which serve as a safeguard for personal information. This helps combat the rising instances of cybersecurity threats, as well as fraudulent activities like money laundering and bribery, which are unfortunately prevalent in the banking sector. By adopting a decentralized identity, individuals can have peace of mind knowing that their personal data is protected, while organizations can enhance their security measures and build trust with their customers. This solution revolutionizes the way identity authentication is conducted, providing a robust and reliable platform for user verification. The development of decentralized identification systems has been facilitated by the rise of blockchain technology. A transparent and unchangeable ledger, provided by a blockchain, can safely store, and verify identity information. As a result, there is no longer a need for middlemen and a trustless environment is created where identity verification may be carried out directly between parties, cutting costs and increasing efficiency. Additionally, the desire for frictionless and seamless user experiences is rising, which is highlighting the widespread acceptance of decentralized ID.

Market Dynamics

Drivers

  • Rising numbers of identity fraud and security breaches

  • Decentralized ID is becoming more widely accepted globally due to the rising need for frictionless and seamless user experiences.

As the world advances closer to digitization, the vulnerability of the data being put online increases. Identity theft is on the rise in part because personal data about every customer is kept on hundreds of servers around the globe. According to the Federal Trade Commission (FTC), identity fraud cases will rise by 45% globally, resulting in large financial losses. Cyberattacks are on the rise as a result of technology like machine learning (ML), which gives hackers the ability to create new dangerous code versions every day. Such fresh cyberattacks keep popping up, putting company assets at peril, damaging their reputations, and losing them money. For corporate growth, cyber threat protection has become essential. Businesses have turned to decentralized identification as a safeguard against security gaps and cyberattacks, which has sped up the creation and uptake of decentralized identity solutions. Globally, airports and airlines have embraced decentralized identity technologies, enabling facial recognition check-in and contactless travel at many touchpoints. Using a quick, accurate, and secure facial scan, users of this device can check their bags, pass through security, and board a flight.

Restrains

  • Regulatory status that is unclear and a lacks of a set of universal norms

Opportunities

  • Extensive Applications of Blockchain Identity Solutions in Banking

Blockchain identity management technology holds immense potential in various operational areas, including banking, cybersecurity, and the Internet of Things (IoT). This groundbreaking technology has the power to revolutionize the world by addressing the numerous challenges faced by traditional banking processes, ultimately leading to the provision of seamless banking services. The advantages it offers, such as reduced transaction costs and faster deal processing times, can significantly enhance the efficiency and security of business transactions. One of the key strengths of blockchain technology lies in its foundation on distributed ledger technology, where blocks of data are encrypted using advanced cryptography. This ensures that the data remains highly secure and less susceptible to unauthorized access or tampering. Forward-thinking pioneers are already harnessing this technology to create a decentralized network of IoT devices, eliminating the need for a central authority to manage communication between these devices. With blockchain technology, devices can directly communicate with each other, eliminating the need for additional monitoring systems.

Challenges

  • Lacking technical expertise and comprehension of the blockchain idea

Impact of the Russia-Ukraine

Geopolitical conflicts can lead to increased uncertainty and distrust in various markets, including technology and blockchain-related fields like Decentralized Identity. DID relies on trust and security, and any geopolitical instability can erode trust in the technology or lead to concerns about the security of identity data stored in decentralized systems. Geopolitical conflicts often result in changes to regulatory environments. Governments may introduce new regulations or restrictions on technology companies operating within their jurisdictions. This could affect the development and adoption of DID technologies, as companies may face new compliance challenges. Geopolitical tensions can influence international collaboration and partnerships in the technology sector. Collaboration between organizations and governments from different countries is often vital for the growth and adoption of DID technologies. Geopolitical conflicts can strain these collaborations or lead to a shift in alliances, affecting market dynamics. Geopolitical events, especially those related to data breaches and privacy violations, can draw increased attention to the importance of secure and privacy-respecting identity solutions. This may drive greater interest in decentralized identity technologies to enhance security and privacy. Geopolitical uncertainties can impact investor sentiment and funding for technology startups and projects in the DID space. If investors perceive increased risks, they may be more cautious about investing in this sector.

Impact of Recession

Economic downturns can lead to an uptick in cyberattacks and identity-related fraud as malicious actors seek to take advantage of vulnerabilities. This could drive increased interest in DID solutions, which are designed to enhance security and privacy by giving individuals greater control over their personal data. Governments may look to stimulate economic recovery by investing in digital infrastructure, including digital identity systems. This could create opportunities for DID providers to collaborate with public-sector organizations on identity-related projects. Organizations may seek cost-effective solutions, including open-source and interoperable DID technologies, to streamline identity management processes. This could drive innovation in the DID market, potentially benefiting both providers and users. To remain resilient during economic uncertainties, DID providers may pivot to offer solutions for a broader range of use cases beyond identity verification. This diversification could help them weather economic downturns by tapping into new markets and revenue streams. Economic downturns can prompt governments to reassess and update regulations, including those related to digital identity. DID providers may need to adapt to evolving regulatory landscapes, which can either hinder or facilitate market growth.

Key Market Segmentation

By Identity type

  • Non- biometrics

  • Biometrics

By Organization size

  • Large Enterprises

  • SMEs

By End user

  • Enterprises

  • Individual

By Verticals

  • BFSI

  • Government

  • Healthcare and life sciences

  • Telecom and IT

  • Retail & E-Commerce

  • Transport and Logistics

  • Real Estate

  • Media and Entertainment

  • Travel and Hospitality

  • Others

In 2022, the BFSI segment emerged as the dominant force in the market, accounting for a significant revenue share of over 18%. This sector, encompassing banking, financial services, and insurance, plays a crucial role in ensuring customer trust and security. Banks are mandated to conduct Know Your Customer (KYC) checks to verify the identity of their customers and safeguard against any involvement in illicit activities like bribery or money laundering. Moreover, it is noteworthy that the United States allocates a staggering USD 24 billion towards Anti-Money Laundering (AML) compliance measures. This substantial investment underscores the nation's commitment to combatting financial crimes and maintaining the integrity of its financial systems.

Regional Analysis

During the projected period, North America is anticipated to have the greatest market size. The rapidly evolving digital landscape necessitates proactive measures and advancements to address the escalating instances of fraud and privacy concerns. To safeguard data, a simplified yet robust security model is imperative. Notably, identity theft is witnessing a surge in both government and public sectors, thereby potentially driving the adoption of security services. According to a report by the Identity Theft Research Center (ITRC), the United States experienced a staggering 69% increase in data breaches in 2021 compared to the previous year, setting a record high. In the same year, the Federal Trade Commission (FTC) Consumer Network received over 5.5 million reports, with fraud accounting for 48% and identity theft for 24% of the cases. These alarming statistics underscore the urgent need for comprehensive solutions. Both the public and private sectors are actively entering the decentralized identity market. The US federal government has invested substantial sums, amounting to tens of millions of dollars, to facilitate the standardization and development of decentralized identity solutions and associated technologies. Simultaneously, numerous solution providers are emerging in the private sector, with several Fortune 100 companies also venturing into this market.

The Asia Pacific region is expected to experience the highest compound annual growth rate (CAGR) of 91% during the forecast period. This remarkable growth can be attributed to the increasing awareness of cybersecurity in countries like India, China, and Japan. Notably, various organizations in the Asia Pacific region are actively pursuing aggressive measures to protect consumer identities, further fueling the growth of the regional market.

Decentralized-Identity-Market-By-Region

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REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players:

The major players are Validated ID, Persistent, Microsoft, Wipro, Dragonchain, SecureKey Technologies, Accenture, R3, Avast, Datarella, Serto, Ping Identity, NuID, SelfKey, Nuggets, Finema, Civic Technologies, Affinidy, Hu-manity, 1Kosmos, and others in final report.

Microsoft-Company Financial Analysis

Company Landscape Analysis

Recent development

Avast acquired SecureKey in March 2022, granting them access to SecureKey Technologies' vast client base and decentralized identity expertise. This acquisition will not only facilitate Avast's regional expansion but also enhance its professional standing in the industry.

In October 2021, Interac secured exclusive rights to SecureKey's digital ID services in Canada. This strategic partnership aims to enhance the delivery of secure online services by leveraging SecureKey Technologies' existing digital ID services.

Microsoft and Onfido joined together in April 2021 to provide Azure Active Directory (Azure AD) verifiable credentials with quick and safe identity verification.

Accenture and Nuggets, a self-sovereign digital ID and payments platform, teamed in February 2021. Accenture will work with Nuggets to develop and enhance its decentralized identification technologies and business models through this agreement.

Decentralized Identity Market Report Scope:

Report Attributes Details
Market Size in 2023  US$ 1.15 Billion 
Market Size by 2031  US$ 195.32 Billion
CAGR   CAGR of 90% From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments Validated ID, Persistent, Microsoft, Wipro, Dragonchain, SecureKey Technologies, Accenture, R3, Avast, Datarella, Serto, Ping Identity, NuID, SelfKey, Nuggets, Finema, Civic Technologies, Affinidy, Hu-manity, 1Kosmos
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Validated ID, Persistent, Microsoft, Wipro, Dragonchain, SecureKey Technologies, Accenture, R3, Avast, Datarella, Serto, Ping Identity, NuID, SelfKey, Nuggets, Finema, Civic Technologies, Affinidy, Hu-manity, 1Kosmos, 
Key Drivers • Rising numbers of identity fraud and security breaches
• Decentralized ID is becoming more widely accepted globally due to the rising need for frictionless and seamless user experiences.
Market Restraints • Regulatory status that is unclear and a lacks of a set of universal norms

 

Frequently Asked Questions

Ans: The market is expected to grow to USD 86,609.6 Million by the forecast period of 2031.

Ans. The CAGR of the Decentralized Identity Market for the forecast period 2024-2031 is 88.8%.

Ans: There are three options available to purchase this report,

A. Single User License USD 4650

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4.           Additional 80 analyst hours of free customization to add extra slices of information that might be missing from the study

B. Enterprise User License: USD 6,450

Features:

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2.           No limit over the number of users

3.           An Excel spreadsheet would be delivered along with the PDF

4.           2 complimentary analyst briefing sessions of 30 minutes each to be provided post-purchase and delivery of the study

5.           2 complimentary updates to be provided within 1 year of purchase

6.           Additional 100 analyst hours of free customization to add extra slices of information that might be missing from the study.

C: Excel Datasheet: USD 2,325

 

1.  ME sheet is provided in Excel format.

2.           1 complimentary analyst briefing session of 30 minutes to be provided post-purchase and delivery of the study

Ans. The forecast period for Decentralized Identity market is 2024-2031.

Ans: Four segments are covered in the Decentralized Identity Market report, By Identity Type, By Organization size, By End-user, By Verticals.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints                           

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 Impact of Russia-Ukraine War

4.2 Impact of Ongoing Recession

4.2.1 Introduction

4.2.2 Impact on major economies

4.2.2.1 US

4.2.2.2 Canada

4.2.2.3 Germany

4.2.2.4 France

4.2.2.5 United Kingdom

4.2.2.6 China

4.2.2.7 japan

4.2.2.8 South Korea

4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Decentralized Identity Market Segmentation, By Identity Type

8.1 Non-biometrics

8.2 Biometrics

9. Decentralized Identity Market Segmentation, By Organization Size

9.1 Large Enterprises

9.2 SMEs

10. Decentralized Identity Market Segmentation, By End User

10.1 Enterprises

10.2 Individual

11.  Decentralized Identity Market Segmentation, By Verticals

11.1 BFSI

11.2 Government

11.3 Healthcare and Life Sciences

11.4 Telecom and IT

11.5 Retail & E-Commerce

11.6 Transport and Logistics

11.7 Real Estate

11.8 Media and Entertainment

11.9 Travel and Hospitality

11.10 Others

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 North America Decentralized Identity Market By Country

12.2.2 North America Decentralized Identity Market By Identity Type

12.2.3 North America Decentralized Identity Market By Organization Size

12.2.4 North America Decentralized Identity Market By End-user

12.2.5 North America Decentralized Identity Market By Verticals

12.2.6 USA

12.2.6.1 USA Decentralized Identity Market By Identity Type

12.2.6.2 USA Decentralized Identity Market By Organization Size

12.2.6.3 USA Decentralized Identity Market By End User

12.2.6.4 USA Decentralized Identity Market By Verticals

12.2.7 Canada

12.2.7.1 Canada Decentralized Identity Market By Identity Type

12.2.7.2 Canada Decentralized Identity Market By Organization Size

12.2.7.3 Canada Decentralized Identity Market By End User

12.2.7.4 Canada Decentralized Identity Market By Verticals

12.2.8 Mexico

12.2.8.1 Mexico Decentralized Identity Market By Identity Type

12.2.8.2 Mexico Decentralized Identity Market By Organization Size

12.2.8.3 Mexico Decentralized Identity Market By End User

12.2.8.4 Mexico Decentralized Identity Market By Verticals

12.3 Europe

12.3.1 Eastern Europe

12.3.1.1 Eastern Europe Decentralized Identity Market By Country

12.3.1.2 Eastern Europe Decentralized Identity Market By Identity Type

12.3.1.3 Eastern Europe Decentralized Identity Market By Organization Size

12.3.1.4 Eastern Europe Decentralized Identity Market By End-user

12.3.1.5 Eastern Europe Decentralized Identity Market By Verticals

12.3.1.6 Poland

 12.3.1.6.1 Poland Decentralized Identity Market By Identity Type

12.3.1.6.2 Poland Decentralized Identity Market By Organization Size

12.3.1.6.3 Poland Decentralized Identity Market By End User

12.3.1.6.4 Poland Decentralized Identity Market By Verticals

12.3.1.7 Romania

12.3.1.7.1 Romania Decentralized Identity Market By Identity Type

12.3.1.7.2 Romania Decentralized Identity Market By Organization Size

12.3.1.7.3 Romania Decentralized Identity Market By End-user

12.3.1.7.4 Romania Decentralized Identity Market By Verticals

12.3.1.8 Hungary

12.3.1.8.1 Hungary Decentralized Identity Market By Identity Type

12.3.1.8.2 Hungary Decentralized Identity Market By Organization Size

12.3.1.8.3 Hungary Decentralized Identity Market By End User

12.3.1.8.4 Hungary Decentralized Identity Market By Verticals

12.3.1.9 Turkey

12.3.1.9.1 Turkey Decentralized Identity Market By Identity Type

12.3.1.9.2 Turkey Decentralized Identity Market By Organization Size

12.3.1.9.3 Turkey Decentralized Identity Market By End User

12.3.1.9.4 Turkey Decentralized Identity Market By Verticals

12.3.1.10 Rest of Eastern Europe

12.3.1.10.1 Rest of Eastern Europe Decentralized Identity Market By Identity Type

12.3.1.10.2 Rest of Eastern Europe Decentralized Identity Market By Organization Size

12.3.1.10.3 Rest of Eastern Europe Decentralized Identity Market By End-user

12.3.1.10.4 Rest of Eastern Europe Decentralized Identity Market By Verticals

12.3.2 Western Europe

12.3.2.1 Western Europe Decentralized Identity Market By Country

12.3.2.2 Western Europe Decentralized Identity Market By Identity Type

12.3.2.3 Western Europe Decentralized Identity Market By Organization Size

12.3.2.4 Western Europe Decentralized Identity Market By End-user

12.3.2.5 Western Europe Decentralized Identity Market By Verticals

12.3.2.6 Germany

12.3.2.6.1 Germany Decentralized Identity Market By Identity Type

12.3.2.6.2 Germany Decentralized Identity Market By Organization Size

12.3.2.6.3 Germany Decentralized Identity Market By End User

12.3.2.6.4 Germany Decentralized Identity Market By Verticals

12.3.2.7 France

12.3.2.7.1 France Decentralized Identity Market By Identity Type

12.3.2.7.2 France Decentralized Identity Market By Organization Size

12.3.2.7.3 France Decentralized Identity Market By End User

12.3.2.7.4 France Decentralized Identity Market By Verticals

12.3.2.8 UK

12.3.2.8.1 UK Decentralized Identity Market By Identity Type

12.3.2.8.2 UK Decentralized Identity Market By Organization Size

12.3.2.8.3 UK Decentralized Identity Market By End User

12.3.2.8.4 UK Decentralized Identity Market By Verticals

12.3.2.9 Italy

12.3.2.9.1 Italy Decentralized Identity Market By Identity Type

12.3.2.9.2 Italy Decentralized Identity Market By Organization Size

12.3.2.9.3 Italy Decentralized Identity Market By End User

12.3.2.9.4 Italy Decentralized Identity Market By Verticals

12.3.2.10 Spain

12.3.2.10.1 Spain Decentralized Identity Market By Identity Type

12.3.2.10.2 Spain Decentralized Identity Market By Organization Size

12.3.2.10.3 Spain Decentralized Identity Market By End User

12.3.2.10.4 Spain Decentralized Identity Market By Verticals

12.3.2.11 Netherlands

12.3.2.11.1 Netherlands Decentralized Identity Market By Identity Type

12.3.2.11.2 Netherlands Decentralized Identity Market By Organization Size

12.3.2.11.3 Netherlands Decentralized Identity Market By End User

12.3.2.11.4 Netherlands Decentralized Identity Market By Verticals

12.3.2.12 Switzerland

12.3.2.12.1 Switzerland Decentralized Identity Market By Identity Type

12.3.2.12.2 Switzerland Decentralized Identity Market By Organization Size

12.3.2.12.3 Switzerland Decentralized Identity Market By End User

12.3.2.12.4 Switzerland Decentralized Identity Market By Verticals

12.3.2.13 Austria

12.3.2.13.1 Austria Decentralized Identity Market By Identity Type

12.3.2.13.2 Austria Decentralized Identity Market By Organization Size

12.3.2.13.3 Austria Decentralized Identity Market By End User

12.3.2.13.4 Austria Decentralized Identity Market By Verticals

12.3.2.14 Rest of Western Europe

12.3.2.14.1 Rest of Western Europe Decentralized Identity Market By Identity Type

12.3.2.14.2 Rest of Western Europe Decentralized Identity Market By Organization Size

12.3.2.14.3 Rest of Western Europe Decentralized Identity Market By End User

12.3.2.14.4 Rest of Western Europe Decentralized Identity Market By Verticals

12.4 Asia-Pacific

12.4.1 Asia Pacific Decentralized Identity Market By Country

12.4.2 Asia Pacific Decentralized Identity Market By Identity Type

12.4.3 Asia Pacific Decentralized Identity Market By Organization Size

12.4.4 Asia Pacific Decentralized Identity Market By End User

12.4.5 Asia Pacific Decentralized Identity Market By Verticals

12.4.6 China

12.4.6.1 China Decentralized Identity Market By Identity Type

12.4.6.2 China Decentralized Identity Market By Organization Size

12.4.6.3 China Decentralized Identity Market By End User

12.4.6.4 China Decentralized Identity Market By Verticals

12.4.7 India

12.4.7.1 India Decentralized Identity Market By Identity Type

12.4.7.2 India Decentralized Identity Market By Organization Size

12.4.7.3 India Decentralized Identity Market By End User

12.4.7.4 India Decentralized Identity Market By Verticals

12.4.8 Japan

12.4.8.1 Japan Decentralized Identity Market By Identity Type

12.4.8.2 Japan Decentralized Identity Market By Organization Size

12.4.8.3 Japan Decentralized Identity Market By End User

12.4.8.4 Japan Decentralized Identity Market By Verticals

12.4.9 South Korea

12.4.9.1 South Korea Decentralized Identity Market By Identity Type

12.4.9.2 South Korea Decentralized Identity Market By Organization Size

12.4.9.3 South Korea Decentralized Identity Market By End User

12.4.9.4 South Korea Decentralized Identity Market By Verticals

12.4.10 Vietnam

12.4.10.1 Vietnam Decentralized Identity Market By Identity Type

12.4.10.2 Vietnam Decentralized Identity Market By Organization Size

12.4.10.3 Vietnam Decentralized Identity Market By End User

12.4.10.4 Vietnam Decentralized Identity Market By Verticals

12.4.11 Singapore

12.4.11.1 Singapore Decentralized Identity Market By Identity Type

12.4.11.2 Singapore Decentralized Identity Market By Organization Size

12.4.11.3 Singapore Decentralized Identity Market By End User

12.4.11.4 Singapore Decentralized Identity Market By Verticals

12.4.12 Australia

12.4.12.1 Australia Decentralized Identity Market By Identity Type

12.4.12.2 Australia Decentralized Identity Market By Organization Size

12.4.12.3 Australia Decentralized Identity Market By End User

12.4.12.4 Australia Decentralized Identity Market By Verticals

12.4.13 Rest of Asia-Pacific

12.4.13.1 Rest of Asia-Pacific Decentralized Identity Market By Identity Type

12.4.13.2 Rest of Asia-Pacific Decentralized Identity Market By Organization Size

12.4.13.3 Rest of Asia-Pacific Decentralized Identity Market By End User

12.4.13.4 Rest of Asia-Pacific Decentralized Identity Market By Verticals

12.5 Middle East & Africa

12.5.1 Middle East

12.5.1.1 Middle East Decentralized Identity Market By Country

12.5.1.2 Middle East Decentralized Identity Market By Identity Type

12.5.1.3 Middle East Decentralized Identity Market By Organization Size

12.5.1.4 Middle East Decentralized Identity Market By End User

12.5.1.5 Middle East Decentralized Identity Market By Verticals

12.5.1.6 UAE

12.5.1.6.1 UAE Decentralized Identity Market By Identity Type

12.5.1.6.2 UAE Decentralized Identity Market By Organization Size

12.5.1.6.3 UAE Decentralized Identity Market By End User

12.5.1.6.4 UAE Decentralized Identity Market By Verticals

12.5.1.7 Egypt

12.5.1.7.1 Egypt Decentralized Identity Market By Identity Type

12.5.1.7.2 Egypt Decentralized Identity Market By Organization Size

12.5.1.7.3 Egypt Decentralized Identity Market By End User

12.5.1.7.4 Egypt Decentralized Identity Market By Verticals

12.5.1.8 Saudi Arabia

12.5.1.8.1 Saudi Arabia Decentralized Identity Market By Identity Type

12.5.1.8.2 Saudi Arabia Decentralized Identity Market By Organization Size

12.5.1.8.3 Saudi Arabia Decentralized Identity Market By End User

12.5.1.8.4 Saudi Arabia Decentralized Identity Market By Verticals

12.5.1.9 Qatar

12.5.1.9.1 Qatar Decentralized Identity Market By Identity Type

12.5.1.9.2 Qatar Decentralized Identity Market By Organization Size

12.5.1.9.3 Qatar Decentralized Identity Market By End User

12.5.1.9.4 Qatar Decentralized Identity Market By Verticals

12.5.1.10 Rest of Middle East

12.5.1.10.1 Rest of Middle East Decentralized Identity Market By Identity Type

12.5.1.10.2 Rest of Middle East Decentralized Identity Market By Organization Size

12.5.1.10.3 Rest of Middle East Decentralized Identity Market By End User

12.5.1.10.4 Rest of Middle East Decentralized Identity Market By Verticals

12.5.2. Africa

12.5.2.1 Africa Decentralized Identity Market By Country

12.5.2.2 Africa Decentralized Identity Market By Identity Type

12.5.2.3 Africa Decentralized Identity Market By Organization Size

12.5.2.4 Africa Decentralized Identity Market By End User

12.5.2.5 Africa Decentralized Identity Market By Verticals

12.5.2.6 Nigeria

12.5.2.6.1 Nigeria Decentralized Identity Market By Identity Type

12.5.2.6.2 Nigeria Decentralized Identity Market By Organization Size

12.5.2.6.3 Nigeria Decentralized Identity Market By End User

12.5.2.6.4 Nigeria Decentralized Identity Market By Verticals

12.5.2.7 South Africa

12.5.2.7.1 South Africa Decentralized Identity Market By Identity Type

12.5.2.7.2 South Africa Decentralized Identity Market By Organization Size

12.5.2.7.3 South Africa Decentralized Identity Market By End User

12.5.2.7.4 South Africa Decentralized Identity Market By Verticals

12.5.2.8 Rest of Africa

12.5.2.8.1 Rest of Africa Decentralized Identity Market By Identity Type

12.5.2.8.2 Rest of Africa Decentralized Identity Market By Organization Size

12.5.2.8.3 Rest of Africa Decentralized Identity Market By End User

12.5.2.8.4 Rest of Africa Decentralized Identity Market By Verticals

12.6. Latin America

12.6.1 Latin America Decentralized Identity Market By Country

12.6.2 Latin America Decentralized Identity Market By Identity Type

12.6.3 Latin America Decentralized Identity Market By Organization Size

12.6.4 Latin America Decentralized Identity Market By End User

12.6.5 Latin America Decentralized Identity Market By Verticals

12.6.6 Brazil

12.6.6.1 Brazil Decentralized Identity Market By Identity Type

12.6.6.2 Brazil Decentralized Identity Market By Organization Size

12.6.6.3 Brazil Decentralized Identity Market By End User

12.6.6.4 Brazil Decentralized Identity Market By Verticals

12.6.7 Argentina

12.6.7.1 Argentina Decentralized Identity Market By Identity Type

12.6.7.2 Argentina Decentralized Identity Market By Organization Size

12.6.7.3 Argentina Decentralized Identity Market By End User

12.6.7.4 Argentina Decentralized Identity Market By Verticals

12.6.8 Colombia

12.6.8.1 Colombia Decentralized Identity Market By Identity Type

12.6.8.2 Colombia Decentralized Identity Market By Organization Size

12.6.8.3 Colombia Decentralized Identity Market By End User

12.6.8.4 Colombia Decentralized Identity Market By Verticals

12.6.9 Rest of Latin America

12.6.9.1 Rest of Latin Americas Decentralized Identity Market By Identity Type

12.6.9.2 Rest of Latin America Decentralized Identity Market By Organization Size

12.6.9.3 Rest of Latin America Decentralized Identity Market By End User

12.6.9.4 Rest of Latin America Decentralized Identity Market By Verticals

13. Company Profile

13.1 Validated ID

13.1.1 Company Overview

13.1.2 Financials

13.1.3 Product/Services/Offerings

13.1.4 SWOT Analysis

13.1.5 The SNS View

13.2 Persistent

13.2.1 Company Overview

13.2.2 Financials

13.2.3 Product/Services/Offerings

13.2.4 SWOT Analysis

13.2.5 The SNS View

13.3 Microsoft.

13.3.1 Company Overview

13.3.2 Financials

13.3.3 Product/Services/Offerings

13.3.4 SWOT Analysis

13.3.5 The SNS View

13.4 Wipro.

13.4.1 Company Overview

13.4.2 Financials

13.4.3 Product/Services/Offerings

13.4.4 SWOT Analysis

13.4.5 The SNS View

13.5 Dragonchain.

13.5.1 Company Overview

13.5.2 Financials

13.5.3 Product/Services/Offerings

13.5.4 SWOT Analysis

13.5.5 The SNS View

13.6 SecureKey Technologies.

13.6.1 Company Overview

13.6.2 Financials

13.6.3 Product/Services/Offerings

13.6.4 SWOT Analysis

13.6.5 The SNS View

13.7 Accenture.

13.7.1 Company Overview

13.7.2 Financials

13.7.3 Product/Services/Offerings

13.7.4 SWOT Analysis

13.7.5 The SNS View

13.8 Avast.

13.8.1 Company Overview

13.8.2 Financials

13.8.3 Product/Services/Offerings

13.8.4 SWOT Analysis

13.8.5 The SNS View

13.9 Datarella

13.9.1 Company Overview

13.9.2 Financials

13.9.3 Product/Services/Offerings

13.9.4 SWOT Analysis

13.9.5 The SNS View

13.10 Ping Identity.

13.10.1 Company Overview

13.10.2 Financials

13.10.3 Product/Services/Offerings

13.10.4 SWOT Analysis

13.10.5 The SNS View

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

14.3.1 Industry News

14.3.2 Company News

14.3 Mergers & Acquisitions

15. USE Cases and Best Practices

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.


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