Decentralized Identity Systems Latest Market Analysis Report 2025

On Nov 27, Global Info Research released "Global Decentralized Identity Systems Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report includes an overview of the development of the Decentralized Identity Systems industry chain, the market status of Decentralized Identity Systems Market, and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Decentralized Identity Systems.

According to our (Global Info Research) latest study, the global Decentralized Identity Systems market size was valued at US$ 1878 million in 2025 and is forecast to a readjusted size of USD million by 2032 with a CAGR of % during review period.
Decentralized identity is a secure, user-centric method for managing digital identities without relying on central authorities. This approach empowers individuals to control their own personal information and share it selectively with different service providers, enhancing privacy and security. By using blockchain and cryptography, decentralized identity removes the need for a single centralized entity to verify identity, reducing the risk of data breaches and unauthorized access.
Decentralized identity is an open-standard identity authentication solution that provides a secured platform for user verification. The platform is widely operated on the basis of verifiable credentials of individuals with the help of a range of independent and transparent data exchange technology such as blockchain or other distributed ledger technology. In a digitalized platform, verifiable credential constitutes a key aspect of identity claims, and organizations issue these encrypted digital identity cards to secure identity data. Rapid incidences of cybersecurity problems and other fraudulent activities such as money laundering or bribery are quite common in the banking sector.
Rise in security breaches and increasing numbers of identity fraud and security breaches is boosting the growth of the global decentralized identity market. In addition, rise in applications of blockchain identity solutions in banks is positively impacts growth of the deception technology market. However, lack of technical expertise, and fluctuating regulatory status and a lack of rules is hampering the deception technology market growth. On the contrary, numerous uses for blockchain identity solutions, and increase in adoption of mobile device applications and platforms is expected to offer remunerative opportunities for expansion during the deception technology market forecast.
In terms of identity type, the biometric segment dominated the market in 2024 with a revenue share of more than 62%. Biometric identifiers, such as fingerprints, facial recognition, iris scans, and voice recognition, provide a high level of precision and security in authenticating an individual's identity. This type of identity verification offers a strong level of verification and is difficult to forge or replicate, making it highly reliable for forming trust in digital interactions. Biometric identity also offers convenience and ease of use for users. With biometric authentication, individuals can confirm their identity quickly and seamlessly by solely using their distinctive biological traits. This excludes the necessity for passwords or other traditional forms of authentication, which can be easily forgotten, stolen, or compromised.
Non-biometrics segment is anticipated to grow substantially over the forecast period. Growing demand for non-biometric identity among consumers owing to easy portability and convenience is expected to drive the segment's growth. Moreover, non-biometric authentication is typically used as a backup for biometric password-less security. Such factors are anticipated to contribute to segment growth over the forecast period.
In terms of vertical, the BFSI segment dominated the market in 2024 with a revenue share of over 36%. Banks are required to conduct KYC checks to confirm customers' identity and ensure they are not involved in any illegal activity, such as bribery or money laundering.
The telecom & IT segment is anticipated to grow at the fastest CAGR of 74% over the forecast period. With increasing digitization of communication and growing demand for secure and seamless identity verification, the telecom & IT segment is actively exploring decentralized identity solutions to enhance user experiences and ensure robust security. Telecom and IT companies often handle a vast amount of sensitive customer data, including personal information and authentication credentials. By adopting decentralized identity solutions, they can provide their customers with greater control and ownership over their identity information while also enhancing data privacy and protection.
In terms of region, North America dominated the market in 2024 with a revenue share of more than 39%. North America region has a varied range of industries and sectors that can benefit from decentralized identity solutions. These comprise financial services, healthcare, government, and e-commerce, among others. The need for secure and effectual identity authentication, data sharing, and user verification in these sectors has driven the adoption of decentralized identity technologies. In addition, it has a huge and tech-savvy population that is progressively more aware of the significance of data privacy and digital security, which is also accentuating the market growth in the region.
Asia Pacific is anticipated to grow at the fastest CAGR of 75% over the forecast period. The regional market's growth can be attributed to growing awareness of cybersecurity in nations such as India, China, and Japan. Aggressive efforts are being pursued by various organizations across the Asia Pacific to safeguard consumer identity, which is also expected to contribute to the regional market’s growth.
The global key companies of Decentralized Identity Systems include Microsoft, Avast, IBM, Ping Identity, Accenture, R3, 1Kosmos, InfoCert, Civic Technologies, Ontology, Spruce ID, Fractal ID, Validated ID, TrueVett (VeriME), Finema, Dock Labs, Nuggets, Affinidi, Metadium, Infopulse, Dragonchain, Serto, Datarella, Blockster Labs, etc. In 2024, the global five largest players hold a share approximately 34% in terms of revenue. Players operating in the market are aggressively involved in emerging standards, protocols, and frameworks to allow interoperability and seamless integration of decentralized identity systems. Market players are also dedicated to augmenting user privacy, data security, and user-centric control over personal information. With continuous improvements in blockchain technology and growing requirements for secure digital identity solutions, competition among these players is expected to intensify as they strive to capture an important share of a growing market.
While decentralized identity solutions offer numerous benefits, transitioning from traditional identity systems to decentralized models can be complex and require a significant shift in infrastructure and user behavior. In addition, different decentralized identity platforms may also use different standards and protocols, leading to interoperability issues between systems. To overcome this restraint, industry collaboration and the development of open standards are essential. Stakeholders, including technology providers, industry associations, and regulatory bodies, need to work in unison to establish common frameworks and interoperability standards for decentralized identity.
This report is a detailed and comprehensive analysis for global Decentralized Identity Systems market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

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Market segment by Type: Biometric、 Non-biometric
Market segment by Application: BFSI、 Government、 Healthcare and Life Sciences、 Telecom and IT、 Retail and E-Commerce、 Transport and Logistics、 Media & Entertainment、 Other
Major players covered:  Microsoft、 Avast、 IBM、 Ping Identity、 Accenture、 R3、 1Kosmos、 InfoCert、 Civic Technologies、 Ontology、 Spruce ID、 Fractal ID、 Validated ID、 TrueVett (VeriME)、 Finema、 Dock Labs、 Nuggets、 Affinidi、 Metadium、 Infopulse、 Dragonchain、 Serto、 Datarella、 Blockster Labs、 Curity AB、 Condatis、 Wise Security (Var Group)、 Bluink、 Filancore、 Gataca、 Indicio、 IdRamp、 Monokee、 Antier Solutions、 Entrust
Market segment by region, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).

The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Decentralized Identity Systems product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Decentralized Identity Systems, with price, sales, revenue and global market share of Decentralized Identity Systems from 2020 to 2025.
Chapter 3, the Decentralized Identity Systems competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Decentralized Identity Systems breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2020 to 2024.and Decentralized Identity Systems market forecast, by regions, type and application, with sales and revenue, from 2025 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Decentralized Identity Systems.
Chapter 14 and 15, to describe Decentralized Identity Systems sales channel, distributors, customers, research findings and conclusion.

Data Sources:
Via authorized organizations:customs statistics, industrial associations, relevant international societies, and academic publications etc.
Via trusted Internet sources.Such as industry news, publications on this industry, annual reports of public companies, Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), Trading Economics, News Network, Statista, Federal Reserve Economic Data, BIS Statistics, ICIS, Companies House Documentsm, investor presentations, SEC filings of companies, etc.
Via interviews. Our interviewees includes manufacturers, related companies, industry experts, distributors, business (sales) staff, directors, CEO, marketing executives, executives from related industries/organizations, customers and raw material suppliers to obtain the latest information on the primary market;
Via data exchange. We have been consulting in this industry for 16 years and have collaborations with the players in this field. Thus, we get access to (part of) their unpublished data, by exchanging with them the data we have.

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