DUBLIN--(BUSINESS WIRE)--The "Decentralized Identity Market by Identity Type, End User, Organization Size, Vertical (BFSI, Government, Healthcare and Life Sciences, Retail and eCommerce, Telecom and IT, Transport and Logistics, Real Estate, Others) and Region - Global forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
“Decentralized Identity Market by Identity Type, End User, Organization Size, Vertical (BFSI, Government, Healthcare and Life Sciences, Retail and eCommerce, Telecom and IT, Transport and Logistics, Real Estate, Others) and Region - Global forecast to 2027”
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The decentralized identity market size is projected to grow from USD 285 million in 2022 to USD 6,822 million by 2027, at a Compound Annual Growth Rate (CAGR) of 88.7% during the forecast period.
The major factor that has driven demand for this market is the inefficiency of existing identity management practices and rising instances of security breaches.
By Identity type, the...
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