Published Year: 2021
Biometric Authentication and Identification Market - A Global and Regional Analysis: Focus on End Us
The global biometric authentication and identification market is estimated to reach $8,798.9...
Market Research Report
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Table of Contents
1.1 Decentralized Identity: Definition
1.2 Decentralized Identity and Blockchain Concept
1.2.1 Decentralization
1.2.2 Data Integrity
1.2.3 Digital Signature
1.2.4 Data Mining
1.2.5 Proof-of-Work (PoW)
1.2.6 Proof-of-Stake (PoS)
1.3 Market Overview
1.4 Market Drivers
1.4.1 Increasing Number of Data Breaches
1.4.2 Establishment of Consortiums and Associations
1.4.3 Growing Need of Non-Human Digital IDs and Security in Consumer Goods
1.5 Market Restraints
1.5.1 Interoperability Among the Identity System
1.5.2 Lack of Regulatory Guidelines and Standardization
1.5.3 Associated Environmental Implications with High Energy Requirements of Cryptography Techniques
1.6 Market Opportunities
1.6.1 Integration of Blockchain in Decentralized Identity
1.6.2 Emerging Need of Smart Contracts
2.1 Key Market Developments and Strategies
2.1.1 Business Expansions
2.1.2 Partnerships, Collaborations, and Joint Ventures
2.1.3 Product Launches
2.1.4 Other Key Activities
2.2 Business Model
3.1 Ecosystem Analysis
3.2 Evolution of Identity
3.3 Need of Decentralized Identity
3.4 Industry Concepts
3.4.1 Merkle Tree
3.4.2 Zooko’s Triangle
3.4.3 Seven Laws of Identity
3.4.4 Principles of Self-Sovereign Identity
3.5 Technology Trends
3.5.1 Compliance Management
3.5.2 Development in Authentication and Trust Frameworks
3.5.3 Biometric-as-a-Service
3.6 Standards and Regulations
3.7 Decentralized Identity Use Cases
3.7.1 Existing Use Case
3.8 Key Players Active in the Decentralized Identity Market
4.1 Market Overview
4.2 Public DID
4.3 Pairwise DIDs
5.1 Market Overview
5.2 Individual
5.3 Enterprise
6.1 Market Overview
6.2 Physiological
6.3 Behavioral
7.1 Market Overview
7.2 Finance
7.3 Government
7.4 Healthcare
7.5 Housing
7.6 Mobility
7.7 Others
8.1 Market Overview
8.2 North America
8.3 Europe
8.4 Asia-Pacific
8.5 Rest-of-the-World
8.6 BIS’s Outlook for Key Regions
9.1 Overview
9.2 Authenteq Tarbena GmbH
9.2.1 Company Overview
9.2.2 Role of Authenteq Tarbena GmbH in Global Decentralized Identity Market
9.2.3 SWOT Analysis
9.3 Civic Technologies, Inc.
9.3.1 Company Overview
9.3.2 Role of Civic Technologies in Global Decentralized Identity Market
9.3.3 SWOT Analysis
9.4 EVERNYM INC.
9.4.1 Company Overview
9.4.2 Role of EVERNYM INC. in Global Decentralized Identity Market
9.4.3 SWOT Analysis
9.5 uPort
9.5.1 Company Overview
9.5.2 Role of uPort in Global Decentralized Identity Market
9.5.3 SWOT Analysis
9.6 Nuggets Tokens Ltd.
9.6.1 Company Overview
9.6.2 Role of Nuggets in Global Decentralized Identity Market
9.6.3 SWOT Analysis
9.7 Datarella GmbH
9.7.1 Company Overview
9.7.2 Role of Datarella GmbH in Global Decentralized Identity Market
9.7.3 SWOT Analysis
9.8 Cambridge Blockchain Inc
9.8.1 Company Overview
9.8.2 Role of Cambridge Blockchain in Global Decentralized Identity Market
9.8.3 SWOT Analysis
9.9 VeriMe
9.9.1 Company Overview
9.9.2 Role of VeriMe in Global Decentralized Identity Market
9.9.3 SWOT Analysis
9.10 ExistenceID
9.10.1 Company Overview
9.10.2 Role of Existence ID in Global Decentralized Identity Market
9.10.3 SWOT Analysis
9.11 Everest
9.11.1 Company Overview
9.11.2 Role of Everest in Global Decentralized Identity Market
9.11.3 SWOT Analysis
9.12 FINEMA CO., LTD.
9.12.1 Company Overview
9.12.2 Role of FINEMA CO., LTD. in Global Decentralized Identity Market
9.12.3 SWOT Analysis
9.13 Bloom Protocol
9.13.1 Company Overview
9.13.2 Role of Bloom Protocol in Global Decentralized Identity Market
9.13.3 SWOT Analysis
9.14 Jolocom GmbH
9.14.1 Company Overview
9.14.2 Role of Jolocom GmbH in Global Decentralized Identity Market
9.14.3 SWOT Analysis
9.15 Blockstack PBC
9.15.1 Company Overview
9.15.2 Role of Blockstack PBC in Global Decentralized Identity Market
9.15.3 SWOT Analysis
9.16 R3
9.16.1 Company Overview
9.16.2 Role of R3 in Global Decentralized Identity Market
9.16.3 SWOT Analysis
9.17 Microsoft Corporation
9.17.1 Company Overview
9.17.2 Role of Microsoft Corporation in Global Decentralized Identity Market
9.17.3 Financials
9.17.4 SWOT Analysis
9.18 List of Emerging Players
9.18.1 Validated ID, SL
9.18.1.1 Role of Validated ID, SL in Global Decentralized Identity Market
9.18.2 Keyp GmbH
9.18.2.1 Role of Keyp GmbH in Global Decentralized Identity Market
9.18.3 NewBanking
9.18.3.1 Role of NewBanking in Global Decentralized Identity Market
9.18.4 Metadium Technology Inc.
9.18.4.1 Role of Metadium Technology Inc. in Global Decentralized Identity Market
9.18.5 TheKey BDMI International Foundation Ltd.
9.18.5.1 Role of TheKey International Foundation Ltd. in Global Decentralized Identity Market
9.18.6 Trusti
9.18.6.1 Role of Trusti in Global Decentralized Identity Market
9.18.7 Fractal GmbH
9.18.7.1 Role of Fractal GmbH in Global Decentralized Identity Market
9.18.8 AGEify
9.18.8.1 Role of AGEify in Global Decentralized Identity Market
9.18.9 MADANA
9.18.9.1 Role of MADANA in Global Decentralized Identity Market
9.18.10 Peer Mountain
9.18.10.1 Role of Peer Mountain in Global Decentralized Identity Market
9.18.11 Dominode
9.18.11.1 Role of Dominode in Global Decentralized Identity Market
9.18.12 Hu-Manity.co
9.18.12.1 Role of Hu-Manity.co in Global Decentralized Identity Market
9.18.13 globaliD
9.18.13.1 Role of globaliD in Global Decentralized Identity Market
9.18.14 Hub
9.18.14.1 Role of Hub in Global Decentralized Identity Market
9.18.15 Vetty
9.18.15.1 Role of Vetty in Global Decentralized Identity Market
9.18.16 1Kosmos
9.18.16.1 Role of 1Kosmos in Global Decentralized Identity Market
9.18.17 V-ID
9.18.17.1 Role of V-ID in Global Decentralized Identity Market
9.18.18 Velix.id
9.18.18.1 Role of Velix.id Token in Global Decentralized Identity Market
9.18.19 DIW Token
9.18.19.1 Role of DIW Token in Global Decentralized Identity Market
9.18.20 Blockchain Helix AG
9.18.20.1 Role of Blockchain Helix AG in Global Decentralized Identity Market
9.18.21 Kimlic OU
9.18.21.1 Role of Kimlic in Global Decentralized Identity Market
9.18.22 Persona
9.18.22.1 Role of Persona in Global Decentralized Identity Market
9.18.23 VerTrius
9.18.23.1 Role of VerTrius in Global Decentralized Identity Market
9.18.24 NuID, Inc.
9.18.24.1 Role of NuID, Inc. in Global Decentralized Identity Market
9.18.25 KABN
9.18.25.1 Role of KABN in Global Decentralized Identity Market
9.18.26 Decentral Inc.
9.18.26.1 Role of Decentral Inc. in Global Decentralized Identity Market
9.18.27 BlockSystem, Inc.
9.18.27.1 Role of BlockSystem, Inc. in Global Decentralized Identity Market
9.18.28 SelfKey
9.18.28.1 Role of SelfKey in Global Decentralized Identity Market
9.18.29 ShoCard, Inc.
9.18.29.1 Role of ShoCard, Inc. in Global Decentralized Identity Market
9.18.30 Netki, Inc.
9.18.30.1 Role of Netki, Inc. in Global Decentralized Identity Market
10.1 Report Scope
10.2 Global Decentralized Identity Market Research Methodology
10.2.1 Limitations
10.2.2 Primary Data Sources
10.2.3 Secondary Data Sources
Table 1: Funding Analysis of Key Stakeholders
Table 1.1: Impact Analysis of Market Drivers
Table 1.2: Impact Analysis of Market Restraints
Table 1.3: Impact Analysis of Market Opportunities
Table 1.4: Prominent Data Breach Cases
Table 2.1: Decentralized Identity: Business Models
Table 3.1: Guiding Principles of Self-Sovereign Identity
Table 3.2: Key Regulatory Bodies Involved in the Decentralized Identity Market
Table 3.3: List of Key Players in the Global Decentralized Identity Market
Table 4.1: Key Differences Between Public and Private Blockchain
Table 4.2: Classification of Different Distributed Ledger Systems
Table 9.1: Authenteq Tarbena GmbH: Product Portfolio for Global Decentralized Identity Market
Table 9.2: Civic Technology: Product Portfolio for Decentralized Identity
Table 9.3: EVERNYM INC.: Product Portfolio for Global Decentralized Identity Market
Table 9.4: uPort: Product Portfolio for Global Decentralized Identity Market
Table 9.5: Nuggets: Product Portfolio for Global Decentralized Identity Market
Table 9.6: Datarella GmbH: Product Portfolio for Decentralized Identity
Table 9.7: Cambridge Blockchain: Product Portfolio for Decentralized Identity
Table 9.8: VeriMe: Product Portfolio for Decentralized Identity
Table 9.9: Existence ID: Product Portfolio for Decentralized Identity
Table 9.10: Everest: Product Portfolio for Decentralized Identity
Table 9.11: FINEMA CO., LTD.: Product Portfolio for Decentralized Identity
Table 9.12: Bloom Protocol: Product Portfolio for Decentralized Identity
Table 9.13: Jolocom GmbH: Product Portfolio for Decentralized Identity
Table 9.14: Blockstack PBC: Product Portfolio for Decentralized Identity
Table 9.15: R3: Product Portfolio for Decentralized Identity
Table 9.16: Microsoft Corporation: Product Portfolio for Global Decentralized Identity Market
Figure 1: Global Population, 2010-2018
Figure 2: Identity Theft and Fraud Complaints
Figure 3: Incidents of Data Breaches
Figure 4: Application Areas of Decentralized Identity
Figure 1.1: Market Dynamics
Figure 2.1: Strategies Adopted by the Key Players
Figure 2.2: Share of Key Market Strategies and Developments, 2017-2019
Figure 2.3: Key Business Expansion Activities, 2017-2019
Figure 2.4: Key Partnership and Collaboration Activities, 2017-2019
Figure 2.5: Key Product Launches, 2017-2019
Figure 2.6: Key Other Activities, 2017-2019
Figure 3.1: Key Functional Elements
Figure 3.2: Decentralized Identity Evolution Phases
Figure 3.3: Key Building Elements:
Figure 3.4: Laws of Identity:
Figure 3.5: Activities Included in Compliance Management
Figure 6.1: Classification of Different Identity Authentication Methods
Figure 7.1: Representation of Decentralized Identity Across Different Applications
Figure 8.1: Reports of Identity Theft in North America, 2016-2018
Figure 8.2: Internet Access in EU-28 Households, 2008-2018
Figure 8.3: Asia-Pacific Digital Competitiveness Ranking, 2018
Figure 9.1: Share of Key Companies
Figure 9.2: Process of Verification and Authentication with Authenteq
Figure 9.3: Authenteq Tarbena GmbH: SWOT Analysis
Figure 9.4: Civic Technologies, Inc.: SWOT Analysis
Figure 9.5: EVERNYM INC.: SWOT Analysis
Figure 9.6: Applications, Tools and Libraries Offered by uPort
Figure 9.7: Applications, Tools and Libraries Offered by uPort
Figure 9.8: uPort: SWOT Analysis
Figure 9.9: Nuggets: SWOT Analysis
Figure 9.10: Datarella GmbH: SWOT Analysis
Figure 9.11: Cambridge Blockchain: SWOT Analysis
Figure 9.12: VeriMe: SWOT Analysis
Figure 9.13: Existence ID: SWOT Analysis
Figure 9.14: Everest: SWOT Analysis
Figure 9.15: FINEMA CO., LTD.: SWOT Analysis
Figure 9.16: Bloom Protocol: SWOT Analysis
Figure 9.17: Jolocom: SWOT Analysis
Figure 9.18: Blockstack PBC: SWOT Analysis
Figure 9.19: R3: SWOT Analysis
Figure 9.20: Microsoft Corporation003A Overall Financials, 2016-2018
Figure 9.21: Microsoft Corporation: Net Revenue (by Segment), 2016-2018
Figure 9.22: Microsoft Corporation: Net Revenue (by Region), 2016-2018
Figure 9.23: Microsoft Corporation: SWOT Analysis
Figure 8.1: Global Decentralized Identity Market Coverage
Figure 8.2: Segmentations for Market Estimation in the Global Decentralized Identity Market
Figure 8.3: Report Design
Figure 8.4: Primary Interviews (by Player, Designation, and Region)
Figure 8.5: Secondary Data Sources
Market Overview
Global Decentralized Identity Market, 2019 - 2024
As per BIS Research, the global decentralized identity market is still at a nascent stage. Major factors such as a gradual rise in global population, an impending need for a secure identity solution for individuals, and a global need for security and privacy of personal data has led to a transformation of identity management system from centralized identity solutions to decentralized identity solutions. A number of fragmented ecosystem players, acts as a key challenge in the process of interoperability between various stakeholders.
Expert Quote
“The decentralized identity market is lately a buzzword in the enterprise sector due to a myriad of benefits, and when clubbed with blockchain, it offers numerous solutions in the business landscape, benefitting the user as well as enterprise. The interoperability has, however, posed certain challenges to the development activities of decentralized identity for which the governments across many countries are working on to develop standards in order to curb this challenge.”
Key Questions Answered in this Report:
• What does decentralized identity refer to, and what are some related concepts surrounding the same?
• What is the chief importance of decentralized identity?
• What are the key technological trends prevailing in the identity ecosystem?
• What are the major driving forces, trends, restraints, and growth opportunities that can influence the global decentralized identity market during the forecast period 2019-2024?
• Who are the key players in the decentralized identity space among platform providers, software/technology providers, network operators, and trust and authentication service providers, among others?
• What is the holistic point of view of the industry analyst in terms of latest trends, upcoming technologies in the space of decentralized identity, and the scope of its adoption in the future?
• Which are the key start-ups who which are currently playing an active role in the growth of decentralized identity ecosystem?
Report Description
Scope of the Global Decentralized Identity Market
The report constitutes an in-depth study of the global decentralized identity market, including a thorough analysis of the types of industries and ecosystem sub-segments. The study also presents a detailed analysis of the market dynamics and the technology trends governing the market. The scope of this report is largely focused on the industries catering to decentralized identity for different regions. The industry analysis presents a detailed insight about the major market players in the global decentralized identity market using the supply chain analysis.
The market analysis includes an in-depth examination of the major ecosystem players and key strategies and developments taking place in this market. It includes the market dynamics (market drivers, opportunities, and challenges) and industry analysis. The purpose of the study is to gain a holistic view of the global decentralized identity market in terms of various factors influencing the same. The market has been segmented in terms of ‘DID class’, ‘user type’, ‘application’, ‘identity modality’, and ‘region’.
Market Segmentation
The decentralized identity market has been tracked along the lines of types of DID class, user type, application, identity modality, and region (North America, Europe, Asia-Pacific, Rest-of-the-World). The market scenario of DID class (public DID, private DID), user type (individual, enterprise), identity modality (physiological, behavioral), and application (finance, government, healthcare, housing, and mobility, among others) have been analyzed qualitatively. The report also covers the decentralized identity market on a global scale and consequently, gives a key overview of the market scenario in different regions. A separate segment specifically has been dedicated to the key global regions: North America, Europe, Asia-Pacific (APAC), and Rest-of-the World.
Based on DID class, the global decentralized identity market is segmented into public DID and private DID. Public DIDs are appropriate for users who want an activity or interaction to be linked to them, which can be verified by other users. Public DIDs usually face an issue of being traceable, as all the activities are linked to a single DID. This results in a number of privacy and safety risks. Hence, pairwise DIDs are used, which can be generated whenever a user wants their interactions to be isolated and also prevent correlation. Apart from DID class, the report also provides a comprehensive outlook on applications. The market scenario is currently more dominant in the banking & financial sector for user KYC and authentication. The use cases prevalent in the industry is more inclined toward the banking sector, due to a growing number of cyberthreats and privacy issues faced by the customers.
Key Companies in the Global Decentralized Identity Market
A list of 15 Decentralized Identity companies have been analyzed in the report, including platform and solution vendors, trust service providers, system integrators, and service providers. Some of the key players operating in these segments include EVERNYM, uPort, and Civic Technologies.
Global Decentralized Identity Market - Strategic Analysis and Future Outlook
Focus on DID Class, Identity Modality, Application, and Use Cases
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