The global decentralized identity market size attained approximately USD 1037.01 Million in 2025. The market is estimated to grow at a CAGR of 89.10% in the forecast period of 2026-2035, reaching a value of around USD 606314.88 Million by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
89.1%
Value in USD Million
2026-2035
*this image is indicative*
Decentralized identity, also referred to as self-sovereign identity, is a model or an approach to identify and authenticate users and entities without a central authority. It provides individuals control over their own identity data and enhances security and privacy.
The EMR’s report titled “Global Decentralized Identity Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Identity Type
Market Breakup by Enterprise Size
Market Breakup by Application
Market Breakup by End Use
Market Breakup by Region
The BFSI sector occupies a significant portion of the global decentralized identity market share owing to the increased usage of decentralized identity by banks and financial institutions for new customer identity verification through KYC. It also supports customers by providing secure authentication during online transactions to mitigate the risks of security breaches.
Moreover, banks are also offering digital credit cards that follow the protocol of decentralized identity to strengthen their security. Additionally, decentralized identity offers users control over the amount of personal data they are willing to share with financial institutes.
As per the decentralized identity market analysis, North America accounts for a substantial share of the global market due to rising cases of identity thefts, which boosts the adoption of decentralized identity systems in the public and private sectors. Increased investment by federal governments to strengthen the security solution by implementing decentralized identity and related technologies also bolsters the market growth.
Additionally, the surging launch of new decentralized identity solutions that can improve user privacy also provides a positive outlook to the market in the region.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global decentralized identity market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Microsoft Corporation is a multinational technology company, established in 1975 and based in Washington, the United States. The company, best known for its operating system and Microsoft Office suite, also provides other software, personal computers, and consumer electronics.
Wipro Limited, founded in 1945, is an Indian multinational company, which has its headquarters in Bengaluru, Karnataka. The company provides services like cloud computing, artificial intelligence, computer security, robotics, and digital transformation, among others.
Civic Technologies, Inc., founded in 2015 with its headquarters in California, the United States, provides identity management tools. These tools provide security for user and business identity and offer them control over the data they share.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other decentralized identity market players include Validated ID, SL, Dragonchain, Nuggets Ltd., Ping Identity Corp., Finema Co., Ltd., Datarella GmbH, and NuID, Inc., among others.
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In 2025, the market reached an approximate value of USD 1037.01 Million.
The market is assessed to grow at a CAGR of 89.10% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035, reaching a value of around USD 606314.88 Million by 2035.
The major market drivers are increasing the use of decentralized identity in the BFSI sector and growing incidents of identity fraud and security breaches.
The key trends of the market include growing digitalisation in several sectors, integration of blockchain with decentralized identity systems, and partnerships between decentralized identity service providers and organisations.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The different identity types considered in the market report are biometric and non-biometric.
The key players in the market are Microsoft Corporation, Wipro Limited, Civic Technologies, Inc., Validated ID, SL, Dragonchain, Nuggets Ltd., Ping Identity Corp., Finema Co., Ltd., Datarella GmbH, and NuID, Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Identity Type |
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| Breakup by Enterprise Size |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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