The Latin America, Middle East and Africa Decentralized Identity Market would witness market growth of 84.1% CAGR during the forecast period (2022-2028).
Identity and Access Management (IAM) stores user profiles in directories, with data acquired from a variety of sources. CIAM systems are comparable to IAM but may include extra capabilities like registration, self-service account administration, consent and preference management, and data access governance. Companies and their partners can deliver individualized service to their clients due to the user profiles that are developed. There are hazards associated with organizations collecting and possibly sharing personal data with third parties. Regulators have taken steps to protect customer data, and penalties have been connected with noncompliance. Just two examples are the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).
The UAE government announced the deployment of Blockchain technology to deliver ratification services at the Ministry of Justice, as part of its efforts to implement the pillars of the UAE Strategy for Government Services. The UAE Cabinet, chairperson by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the UAE Strategy for Government Services with the goal of supplying innovative digital services customized to fulfil consumers' requirements, at any time. The initiative reflects the UAE government's directions to grow its many sectors in accordance with global digital changes, in a way that saves time, effort, and money while also promoting transparency and control of government service delivery.
Along with that, there are many companies entering the region to expand their consumer base and contribute to the digital economy of the region. Additionally, several initiatives and standards formed by governments to protect the personal information of the consumers would escalate the growth of the regional decentralized identity market over the forecast period.
The Brazil market dominated the LAMEA Decentralized Identity Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $142.4 million by 2028. The Argentina market is estimated to grow at a CAGR of 85.1% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 83.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Decentralized Identity Market is Predict to reach $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
By End user
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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
TABLE 1 LAMEA Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 7 LAMEA Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 8 LAMEA Non- biometrics Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Non- biometrics Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Biometrics Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Biometrics Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 13 LAMEA Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 14 LAMEA BFSI Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA BFSI Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Telecom & IT Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Telecom & IT Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Real Estate Market by Country, 2018 - 2021, USD Million
TABLE 19 LAMEA Real Estate Market by Country, 2022 - 2028, USD Million
TABLE 20 LAMEA Retail & Ecommerce Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Retail & Ecommerce Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Government & Public Sector Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA Government & Public Sector Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 26 LAMEA Media & Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA Media & Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 28 LAMEA Transport & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Transport & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Travel & Hospitality Market by Country, 2018 - 2021, USD Million
TABLE 31 LAMEA Travel & Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 32 LAMEA Other Vertical Market by Country, 2018 - 2021, USD Million
TABLE 33 LAMEA Other Vertical Market by Country, 2022 - 2028, USD Million
TABLE 34 LAMEA Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 35 LAMEA Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 36 LAMEA Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 37 LAMEA Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 38 LAMEA SMEs Market by Country, 2018 - 2021, USD Million
TABLE 39 LAMEA SMEs Market by Country, 2022 - 2028, USD Million
TABLE 40 LAMEA Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 41 LAMEA Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 42 LAMEA Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 43 LAMEA Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 44 LAMEA Individual Market by Country, 2018 - 2021, USD Million
TABLE 45 LAMEA Individual Market by Country, 2022 - 2028, USD Million
TABLE 46 LAMEA Decentralized Identity Market by Country, 2018 - 2021, USD Million
TABLE 47 LAMEA Decentralized Identity Market by Country, 2022 - 2028, USD Million
TABLE 48 Brazil Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 49 Brazil Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 50 Brazil Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 51 Brazil Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 52 Brazil Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 53 Brazil Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 54 Brazil Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 55 Brazil Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 56 Brazil Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 57 Brazil Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 58 Argentina Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 59 Argentina Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 60 Argentina Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 61 Argentina Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 62 Argentina Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 63 Argentina Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 64 Argentina Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 65 Argentina Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 66 Argentina Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 67 Argentina Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 68 UAE Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 69 UAE Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 70 UAE Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 71 UAE Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 72 UAE Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 73 UAE Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 74 UAE Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 75 UAE Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 76 UAE Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 77 UAE Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 78 Saudi Arabia Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 79 Saudi Arabia Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 80 Saudi Arabia Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 81 Saudi Arabia Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 82 Saudi Arabia Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 83 Saudi Arabia Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 84 Saudi Arabia Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 85 Saudi Arabia Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 86 Saudi Arabia Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 87 Saudi Arabia Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 88 South Africa Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 89 South Africa Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 90 South Africa Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 91 South Africa Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 92 South Africa Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 93 South Africa Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 94 South Africa Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 95 South Africa Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 96 South Africa Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 97 South Africa Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 98 Nigeria Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 99 Nigeria Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 100 Nigeria Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 101 Nigeria Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 102 Nigeria Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 103 Nigeria Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 104 Nigeria Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 105 Nigeria Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 106 Nigeria Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 107 Nigeria Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 108 Rest of LAMEA Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 109 Rest of LAMEA Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 110 Rest of LAMEA Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 111 Rest of LAMEA Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 112 Rest of LAMEA Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 113 Rest of LAMEA Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 114 Rest of LAMEA Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 115 Rest of LAMEA Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 116 Rest of LAMEA Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 117 Rest of LAMEA 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.