Global Decentralized Identifiers Market Overview:
Decentralized Identifier (DID) is a new kind of identifier that is globally unique, resolvable with excessive availability, and cryptographically verifiable. DIDs are generally related with cryptographic material, such as public keys, and provider endpoints, for organising impervious conversation channels. DIDs are beneficial for any software that advantages from self-administered, cryptographically verifiable identifiers such as non-public identifiers, organizational identifiers, and identifiers for Internet of Things scenarios. For example, cutting-edge industrial deployments of W3C Verifiable Credentials closely make use of Decentralized Identifiers to become aware of people, organizations, and matters and to obtain a variety of protection and privacy-protecting guarantees. This file is an introduction to the idea of Decentralized Identifiers.
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- Accumulative Number of Data Breaches
- Developing Need of Non-Human Digital IDs and Security in Consumer Goods
- Establishment of Consortiums and Associations
- Interoperability among the Identity System
- Absence of Regulatory Guidelines and Standardization
- Integration of Blockchain in Decentralized Identity
- Evolving Need for Smart Contracts
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Some of the key players profiled in the report are Transmute (United States), Consensys (United States), uPort (United States), IBM (United States), Tykn Tech (Netherlands), Blockstack (United States), Danube Tech (Austria), Trinsic (United States), Spherity (Germany) and Microsoft (United States). Additionally, following companies can also be profiled that are part of our coverage like 3box (United States), Meeco (Australia), MATTR (New Zealand) and Jolocom (Germany). Analyst at AMA Research see United States Players to retain maximum share of Global Decentralized Identifiers market by 2027. Considering Market by End User, the sub-segment i.e. Enterprise will boost the Decentralized Identifiers market.
Latest Market Insights:
In 2021, Microsoft work in partnership with Onfido for fast and secure identity verification and onboarding for its Azure Active Directory (Azure AD) verifiable credentials
What Can be Explored with the Decentralized Identifiers Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Decentralized Identifiers Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Decentralized Identifiers
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Decentralized Identifiers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Decentralized Identifiers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):Who are the top performing companies in Decentralized Identifiers Market?
Top performing companies in the Global Decentralized Identifiers market are Transmute (United States), Consensys (United States), uPort (United States), IBM (United States), Tykn Tech (Netherlands), Blockstack (United States), Danube Tech (Austria), Trinsic (United States), Spherity (Germany) and Microsoft (United States), to name a few.What trending factors would impact Decentralized Identifiers Market growth most?
"Maintaining Privacy and Control of Their Own Data Is Of Paramount Importance to Web Users
" is seen as one of major influencing trends for Decentralized Identifiers Market during projected period 2021-2027.How is Global Decentralized Identifiers Market forecast is bolstered by Private DIDs
segment in Global market to hold robust market share owing to "Accumulative Number of Data Breaches
".Which segment holds the largest market share in Decentralized Identifiers market?
dominated the Decentralized Identifiers market. This is attributable to growing trend of "Maintaining Privacy and Control of Their Own Data Is Of Paramount Importance to Web Users