Europe Decentralized Identity Systems Market was valued at USD 700 Million in 2022 and is projected to reach USD 5.5 Billion by 2030, growing at a CAGR of 28.5% from 2024 to 2030.
The Europe Decentralized Identity Systems Market is witnessing a surge in demand as industries shift toward more secure, user-centric digital solutions. These decentralized systems provide individuals with control over their personal data, creating a paradigm shift in identity management. The need for such systems arises from the increasing concerns surrounding data privacy, security breaches, and the inefficiencies of traditional centralized identity systems. In this dynamic environment, industries are exploring decentralized identity solutions to enhance both security and user experience.
Decentralized Identity Systems (DIS) represent a digital identity management model where users have full control over their personal data, without the need for centralized authorities. In Europe, where stringent privacy regulations like the GDPR are enforced, businesses are highly focused on compliance with data protection laws. This shift is driving the demand for decentralized identity systems as they provide more robust privacy and security features compared to centralized models.
Key industries benefiting from the adoption of decentralized identity systems include finance, healthcare, government services, and e-commerce. These sectors are particularly interested in how decentralized technologies can streamline processes like user authentication and authorization while enhancing the security of sensitive data. In the financial sector, for example, banks and fintech companies are leveraging decentralized identity systems to prevent identity theft and fraud, which are major challenges in the industry. Similarly, in healthcare, decentralized systems ensure secure sharing of patient records, improving interoperability while preserving privacy.
Additionally, the growing importance of user-centric services has made decentralized identity systems even more appealing. With consumers increasingly concerned about the misuse of their personal data, businesses are seeking ways to offer privacy-focused solutions that align with the expectations of their customers. As digital transformation accelerates, the Europe Decentralized Identity Systems Market is expected to continue expanding, with more industries embracing this innovative approach to identity management.
Industries across Europe are increasingly recognizing the need for decentralized identity systems to stay competitive in the digital age. The market is evolving rapidly, with key players offering solutions that cater to the specific requirements of different sectors, ultimately leading to a more secure and privacy-centric digital ecosystem.
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Microsoft
Avast
Ping Identity
1Kosmos
IBM
Accenture
R3
Civic Technologies
InfoCert
Ontology
Spruce ID
TrueVett (VeriME)
Dock Labs
Finema
Metadium
Affinidi
Datarella
Infopulse
Dragonchain
Validated ID
Serto
Blockster Labs
Nuggets
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Decentralized Identity Systems Market
Self-sovereign Identity (SSI)
Decentralized Identifiers (DIDs)
Verifiable Credentials
Financial Services
Healthcare
Government and Public Sector
Education
Travel and Hospitality
Individuals
Corporates
Non-profit Organizations
Blockchain-based
Distributed Ledger Technology (DLT)
Public Key Infrastructure (PKI)
On-premises
Cloud-based
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe Decentralized Identity Systems Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Decentralized Identity Systems Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Decentralized Identity Systems Market, By Type
6. Europe Decentralized Identity Systems Market, By Application
7. Europe Decentralized Identity Systems Market, By Geography
Europe
Germany
UK
France
8. Europe Decentralized Identity Systems Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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