Asia Pacific Decentralized Identity Market Size, Share & Industry Trends Analysis Report By Identity Type (Non- biometrics and Biometrics), By Vertical, By Organization size, By End user (Enterprises and Individual), By Country and Growth Forecast, 2022 - 2028

The Asia Pacific Decentralized Identity Market would witness market growth of 79.6% CAGR during the forecast period (2022-2028).

The wallet serves as a secured repository for user credentials in a decentralised system. It uses encryption and biometrics to safeguard credentials, asks the user for informed consent every time credentials are sought, and hides any metadata which might contribute to credential tracking. By design, encrypted, decentralised storage systems such as blockchain are impregnable, decreasing the possibility of illegal access to steal or monetize customer data.

Though this benefits individuals' privacy and security, it also aids enterprises in reducing security concerns. Several large businesses are subject to regulations governing how they acquire, process, store, and deal with user data, and they are susceptible to sanctions and penalties even if they break the rules unintentionally or have data breaches. Organizations can streamline their compliance responsibilities and lower the risk of information misuse and being attacked in opportunistic cyber-attacks by collecting and retaining less data.

The digitization wave is sweeping Asia Pacific, and more people are joining the internet economy. Because of the rise in mobile commerce, online commerce, and social media usage, the volume of personal data available online has exploded. As a result, the frequency of fraud attempts is increasing, making it more difficult for firms to combat them. Due to this, decentralized identification solutions are becoming more popular throughout Asia Pacific. Criminal activities including identity theft and the theft of personal information have long been a problem in China and India.

To build a standard blockchain platform, the Indian government has prepared a national blockchain plan. This platform would be utilized to host an identity management application which would serve as a single point of access for various government-issued IDs, such as the Unique Health ID and other IDs issued under AgriStack, EduStack, and other platforms. The government of India is increasingly investing in the adoption of various platforms including decentralized identity, which would strengthen the official records and improve the security of the data available for the central government. Owing to this, the demand and growth of the decentralized identity market would record a spike in the coming years.

The China market dominated the Asia Pacific Decentralized Identity Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $594.4 million by 2028. The Japan market is anticipated to grow at a CAGR of 78.5% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 80.7% during (2022 - 2028).

Based on Identity Type, the market is segmented into Non- biometrics and Biometrics. Based on Vertical, the market is segmented into BFSI, Telecom & IT, Real Estate, Retail & Ecommerce, Government & Public Sector, Healthcare & Life Sciences, Media & Entertainment, Transport & Logistics, Travel & Hospitality, and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on End user, the market is segmented into Enterprises and Individual. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Decentralized Identity Market is Projected to reach USD 8.9 Billion by 2028, at a CAGR of 78.5%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, Microsoft Corporation, Ping Identity Holding Corp. (Vista Equity Partners), Avast Software s.r.o., Wipro Limited, Persistent Systems Limited, Civic Technologies, Inc., Nuggets Ltd., R3 LLC, and Validated ID, SL.

Scope of the Study

Market Segments Covered in the Report:

By Identity Type

• Non- biometrics
• Biometrics

By Vertical

• BFSI
• Telecom & IT
• Real Estate
• Retail & Ecommerce
• Government & Public Sector
• Healthcare & Life Sciences
• Media & Entertainment
• Transport & Logistics
• Travel & Hospitality
• Others

By Organization size

• Large Enterprises
• SMEs

By End user

• Enterprises
• Individual

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• Accenture PLC
• Microsoft Corporation
• Ping Identity Holding Corp. (Vista Equity Partners)
• Avast Software s.r.o.
• Wipro Limited
• Persistent Systems Limited
• Civic Technologies, Inc.
• Nuggets Ltd
• R3 LLC
• Validated ID, SL

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Decentralized Identity Market, by Identity Type
1.4.2 Asia Pacific Decentralized Identity Market, by Vertical
1.4.3 Asia Pacific Decentralized Identity Market, by Organization size
1.4.4 Asia Pacific Decentralized Identity Market, by End user
1.4.5 Asia Pacific Decentralized Identity Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)

Chapter 4. Asia Pacific Decentralized Identity Market by Identity Type
4.1 Asia Pacific Non- biometrics Market by Country
4.2 Asia Pacific Biometrics Market by Country

Chapter 5. Asia Pacific Decentralized Identity Market by Vertical
5.1 Asia Pacific BFSI Market by Country
5.2 Asia Pacific Telecom & IT Market by Country
5.3 Asia Pacific Real Estate Market by Country
5.4 Asia Pacific Retail & Ecommerce Market by Country
5.5 Asia Pacific Government & Public Sector Market by Country
5.6 Asia Pacific Healthcare & Life Sciences Market by Country
5.7 Asia Pacific Media & Entertainment Market by Country
5.8 Asia Pacific Transport & Logistics Market by Country
5.9 Asia Pacific Travel & Hospitality Market by Country
5.1 Asia Pacific Other Vertical Market by Country

Chapter 6. Asia Pacific Decentralized Identity Market by Organization size
6.1 Asia Pacific Large Enterprises Market by Country
6.2 Asia Pacific SMEs Market by Country

Chapter 7. Asia Pacific Decentralized Identity Market by End user
7.1 Asia Pacific Enterprises Market by Country
7.2 Asia Pacific Individual Market by Country

Chapter 8. Asia Pacific Decentralized Identity Market by Country
8.1 China Decentralized Identity Market
8.1.1 China Decentralized Identity Market by Identity Type
8.1.2 China Decentralized Identity Market by Vertical
8.1.3 China Decentralized Identity Market by Organization size
8.1.4 China Decentralized Identity Market by End user
8.2 Japan Decentralized Identity Market
8.2.1 Japan Decentralized Identity Market by Identity Type
8.2.2 Japan Decentralized Identity Market by Vertical
8.2.3 Japan Decentralized Identity Market by Organization size
8.2.4 Japan Decentralized Identity Market by End user
8.3 India Decentralized Identity Market
8.3.1 India Decentralized Identity Market by Identity Type
8.3.2 India Decentralized Identity Market by Vertical
8.3.3 India Decentralized Identity Market by Organization size
8.3.4 India Decentralized Identity Market by End user
8.4 South Korea Decentralized Identity Market
8.4.1 South Korea Decentralized Identity Market by Identity Type
8.4.2 South Korea Decentralized Identity Market by Vertical
8.4.3 South Korea Decentralized Identity Market by Organization size
8.4.4 South Korea Decentralized Identity Market by End user
8.5 Singapore Decentralized Identity Market
8.5.1 Singapore Decentralized Identity Market by Identity Type
8.5.2 Singapore Decentralized Identity Market by Vertical
8.5.3 Singapore Decentralized Identity Market by Organization size
8.5.4 Singapore Decentralized Identity Market by End user
8.6 Malaysia Decentralized Identity Market
8.6.1 Malaysia Decentralized Identity Market by Identity Type
8.6.2 Malaysia Decentralized Identity Market by Vertical
8.6.3 Malaysia Decentralized Identity Market by Organization size
8.6.4 Malaysia Decentralized Identity Market by End user
8.7 Rest of Asia Pacific Decentralized Identity Market
8.7.1 Rest of Asia Pacific Decentralized Identity Market by Identity Type
8.7.2 Rest of Asia Pacific Decentralized Identity Market by Vertical
8.7.3 Rest of Asia Pacific Decentralized Identity Market by Organization size
8.7.4 Rest of Asia Pacific Decentralized Identity Market by End user

Chapter 9. Company Profiles
9.1 Accenture PLC
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Microsoft Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Ping Identity Holding Corp. (Vista Equity Partners)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisitions and Mergers:
9.4 Avast Software s.r.o.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.5 Wipro Limited
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.6 Persistent Systems Limited
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.7 Civic Technologies, Inc.
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.7.2.2 Product Launches and Product Expansions:
9.8 Nuggets Ltd
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 R3 LLC
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.10. Validated ID, SL
9.10.1 Company Overview

TABLE 1 Asia Pacific Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Decentralized Identity Market
TABLE 4 Product Launches And Product Expansions– Decentralized Identity Market
TABLE 5 Acquisition and Mergers– Decentralized Identity Market
TABLE 6 Asia Pacific Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Non- biometrics Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Non- biometrics Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Biometrics Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Biometrics Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 14 Asia Pacific BFSI Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific BFSI Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Telecom & IT Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Telecom & IT Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Real Estate Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Real Estate Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Retail & Ecommerce Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Retail & Ecommerce Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Government & Public Sector Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Government & Public Sector Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Media & Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Media & Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Transport & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Transport & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Travel & Hospitality Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Travel & Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Other Vertical Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Other Vertical Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 36 Asia Pacific Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 37 Asia Pacific Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 38 Asia Pacific SMEs Market by Country, 2018 - 2021, USD Million
TABLE 39 Asia Pacific SMEs Market by Country, 2022 - 2028, USD Million
TABLE 40 Asia Pacific Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 41 Asia Pacific Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 42 Asia Pacific Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 43 Asia Pacific Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 44 Asia Pacific Individual Market by Country, 2018 - 2021, USD Million
TABLE 45 Asia Pacific Individual Market by Country, 2022 - 2028, USD Million
TABLE 46 Asia Pacific Decentralized Identity Market by Country, 2018 - 2021, USD Million
TABLE 47 Asia Pacific Decentralized Identity Market by Country, 2022 - 2028, USD Million
TABLE 48 China Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 49 China Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 50 China Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 51 China Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 52 China Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 53 China Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 54 China Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 55 China Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 56 China Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 57 China Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 58 Japan Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 59 Japan Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 60 Japan Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 61 Japan Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 62 Japan Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 63 Japan Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 64 Japan Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 65 Japan Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 66 Japan Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 67 Japan Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 68 India Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 69 India Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 70 India Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 71 India Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 72 India Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 73 India Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 74 India Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 75 India Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 76 India Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 77 India Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 78 South Korea Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 79 South Korea Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 80 South Korea Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 81 South Korea Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 82 South Korea Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 83 South Korea Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 84 South Korea Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 85 South Korea Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 86 South Korea Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 87 South Korea Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 88 Singapore Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 89 Singapore Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 90 Singapore Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 91 Singapore Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 92 Singapore Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 93 Singapore Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 94 Singapore Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 95 Singapore Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 96 Singapore Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 97 Singapore Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 98 Malaysia Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 99 Malaysia Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 100 Malaysia Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 101 Malaysia Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 102 Malaysia Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 103 Malaysia Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 104 Malaysia Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 105 Malaysia Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 106 Malaysia Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 107 Malaysia Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 108 Rest of Asia Pacific Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 109 Rest of Asia Pacific Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 110 Rest of Asia Pacific Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 111 Rest of Asia Pacific Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 112 Rest of Asia Pacific Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 113 Rest of Asia Pacific Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 114 Rest of Asia Pacific Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 115 Rest of Asia Pacific Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 116 Rest of Asia Pacific Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 117 Rest of Asia Pacific Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 118 Key information – Accenture PLC
TABLE 119 key information – Microsoft Corporation
TABLE 120 Key information – PING IDENTITY HOLDING CORP
TABLE 121 Key Information – Avast Software s.r.o.
TABLE 122 Key Information – Wipro Limited
TABLE 123 Key Information – Persistent Systems Limited
TABLE 124 Key Information – Civic Technologies, Inc.
TABLE 125 Key Information – Nuggets Ltd
TABLE 126 Key Information – R3 LLC
TABLE 127 Key Information – Validated ID, SL

List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Swot analysis: Accenture plc
FIG 5 Recent strategies and developments: Microsoft Corporation
FIG 6 SWOT Analysis: Microsoft Corporation
FIG 7 Recent strategies and developments: Civic Technologies, Inc.