The North America Decentralized Identity Market would witness market growth of 77.7% CAGR during the forecast period (2022-2028).
Decentralized identification is a new concept that gives consumers back control of their identities by allowing them to obtain verifiable information about them from certified issuers via an identity wallet like the Government. The user may effectively regulate their identity online and their privacy by limiting what information is transmitted from the wallet to asking 3rd parties - for example, merely showing confirmation that they're over 18 without having to divulge their actual Date of Birth.
In addition, decentralized IDs would aid persons who have been victims of a data breach caused by the negligence of a third party. Companies would be able to protect their personal information not just from hackers, but also from unauthorized advertisements and third-party data buyers. All of this will make the concept of decentralized identification increasingly appealing to individuals and businesses in the future.
Users have more power with decentralised identification also known as self-sovereign identity, personal identity, and distributed identity. Individuals can save identification-related information in a mobile wallet on their own smart phone using the decentralised identity concept. They can keep that information up to date and share only the information they need with businesses or other people in order to open a bank account, buy a car, or start a new job, for example.
The US government has revealed its plans for the Internet and digital technologies. Safeguarding human rights and fundamental freedoms online, fostering an Internet that promotes free flow of information, and assuring that everyone benefits from the digital economy are among the objectives. Last year, almost 42 million Americans were targets of digital identity fraud, according to a report. It also showed that there is a 109 percent increase in new-account fraud and 90 percent increase in account takeovers on pandemic-related shifts to digital services in the US economy. To protect clients, the research firm recommends that banks use behavioral biometrics techniques in conjunction with private information and device-based controls.
The high adoption rate of the latest technologies and solutions across this region is among the key aspects augmenting the growth of the market. In addition, the presence of technological giants in developed nations like US and Canada would lead to the introduction of various latest products in the market. There are many companies that are greatly implementing such advanced solutions for generating better results and adhere to the regulations associated with the use of personal information.
The US market dominated the North America Decentralized Identity Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,677.6 million by 2028. The Canada market is poised to grow at a CAGR of 81.8% during (2022 - 2028). Additionally, The Mexico market would display a CAGR of 80.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Decentralized Identity Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Decentralized Identity Market, by Identity Type
1.4.2 North America Decentralized Identity Market, by Vertical
1.4.3 North America Decentralized Identity Market, by Organization size
1.4.4 North America Decentralized Identity Market, by End user
1.4.5 North America 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. North America Decentralized Identity Market by Identity Type
4.1 North America Non- biometrics Market by Country
4.2 North America Biometrics Market by Country
Chapter 5. North America Decentralized Identity Market by Vertical
5.1 North America BFSI Market by Country
5.2 North America Telecom & IT Market by Country
5.3 North America Real Estate Market by Country
5.4 North America Retail & Ecommerce Market by Country
5.5 North America Government & Public Sector Market by Country
5.6 North America Healthcare & Life Sciences Market by Country
5.7 North America Media & Entertainment Market by Country
5.8 North America Transport & Logistics Market by Country
5.9 North America Travel & Hospitality Market by Country
5.1 North America Other Vertical Market by Country
Chapter 6. North America Decentralized Identity Market by Organization size
6.1 North America Large Enterprises Market by Country
6.2 North America SMEs Market by Country
Chapter 7. North America Decentralized Identity Market by End user
7.1 North America Enterprises Market by Country
7.2 North America Individual Market by Country
Chapter 8. North America Decentralized Identity Market by Country
8.1 US Decentralized Identity Market
8.1.1 US Decentralized Identity Market by Identity Type
8.1.2 US Decentralized Identity Market by Vertical
8.1.3 US Decentralized Identity Market by Organization size
8.1.4 US Decentralized Identity Market by End user
8.2 Canada Decentralized Identity Market
8.2.1 Canada Decentralized Identity Market by Identity Type
8.2.2 Canada Decentralized Identity Market by Vertical
8.2.3 Canada Decentralized Identity Market by Organization size
8.2.4 Canada Decentralized Identity Market by End user
8.3 Mexico Decentralized Identity Market
8.3.1 Mexico Decentralized Identity Market by Identity Type
8.3.2 Mexico Decentralized Identity Market by Vertical
8.3.3 Mexico Decentralized Identity Market by Organization size
8.3.4 Mexico Decentralized Identity Market by End user
8.4 Rest of North America Decentralized Identity Market
8.4.1 Rest of North America Decentralized Identity Market by Identity Type
8.4.2 Rest of North America Decentralized Identity Market by Vertical
8.4.3 Rest of North America Decentralized Identity Market by Organization size
8.4.4 Rest of North America 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 North America Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 7 North America Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 8 North America Non- biometrics Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Non- biometrics Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Biometrics Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Biometrics Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 13 North America Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 14 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 15 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Telecom & IT Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Telecom & IT Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Real Estate Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Real Estate Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Retail & Ecommerce Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Retail & Ecommerce Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Government & Public Sector Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Government & Public Sector Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Media & Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Media & Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Transport & Logistics Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Transport & Logistics Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Travel & Hospitality Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Travel & Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Other Vertical Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Other Vertical Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 35 North America Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 36 North America Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 38 North America SMEs Market by Country, 2018 - 2021, USD Million
TABLE 39 North America SMEs Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 41 North America Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 42 North America Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 43 North America Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 44 North America Individual Market by Country, 2018 - 2021, USD Million
TABLE 45 North America Individual Market by Country, 2022 - 2028, USD Million
TABLE 46 North America Decentralized Identity Market by Country, 2018 - 2021, USD Million
TABLE 47 North America Decentralized Identity Market by Country, 2022 - 2028, USD Million
TABLE 48 US Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 49 US Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 50 US Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 51 US Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 52 US Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 53 US Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 54 US Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 55 US Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 56 US Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 57 US Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 58 Canada Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 59 Canada Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 60 Canada Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 61 Canada Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 62 Canada Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 63 Canada Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 64 Canada Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 65 Canada Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 66 Canada Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 67 Canada Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 68 Mexico Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 69 Mexico Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 70 Mexico Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 71 Mexico Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 72 Mexico Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 73 Mexico Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 74 Mexico Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 75 Mexico Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 76 Mexico Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 77 Mexico Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 78 Rest of North America Decentralized Identity Market, 2018 - 2021, USD Million
TABLE 79 Rest of North America Decentralized Identity Market, 2022 - 2028, USD Million
TABLE 80 Rest of North America Decentralized Identity Market by Identity Type, 2018 - 2021, USD Million
TABLE 81 Rest of North America Decentralized Identity Market by Identity Type, 2022 - 2028, USD Million
TABLE 82 Rest of North America Decentralized Identity Market by Vertical, 2018 - 2021, USD Million
TABLE 83 Rest of North America Decentralized Identity Market by Vertical, 2022 - 2028, USD Million
TABLE 84 Rest of North America Decentralized Identity Market by Organization size, 2018 - 2021, USD Million
TABLE 85 Rest of North America Decentralized Identity Market by Organization size, 2022 - 2028, USD Million
TABLE 86 Rest of North America Decentralized Identity Market by End user, 2018 - 2021, USD Million
TABLE 87 Rest of North America Decentralized Identity Market by End user, 2022 - 2028, USD Million
TABLE 88 Key information – Accenture PLC
TABLE 89 key information – Microsoft Corporation
TABLE 90 Key information – PING IDENTITY HOLDING CORP
TABLE 91 Key Information – Avast Software s.r.o.
TABLE 92 Key Information – Wipro Limited
TABLE 93 Key Information – Persistent Systems Limited
TABLE 94 Key Information – Civic Technologies, Inc.
TABLE 95 Key Information – Nuggets Ltd
TABLE 96 Key Information – R3 LLC
TABLE 97 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.