The Decentralized Identifiers (DIDs) Technology Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Decentralized Identifiers (DIDs) Technology Market?
The market size for Decentralized Identifiers (DIDs) Technology has seen exponential growth in recent years. Between 2024 and 2025, the market is estimated to expand from $1.07 billion to $2 billion. This equates to a Compound Annual Growth Rate (CAGR) of 86.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Decentralized Identifiers (DIDs) Technology Industry?
By 2029, the Decentralized Identifiers (DIDs) technology market is projected to reach $24.22 billion, with a compound annual growth rate (CAGR) of 86.6%.
Download Your Free Sample of the 2025 Decentralized Identifiers (DIDs) Technology Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Decentralized Identifiers (DIDs) Technology Market?
The drivers in the decentralized identifiers (dids) technology market are:
• Increasing security concerns and occurrence of data breaches
• Heightened cyber threats and inadequate cybersecurity measures
• Supply chain vulnerabilities and human errors causing security lapses
• Growing demand for advanced identity and authentication solutions
Global Market Segmentation: Identifying Major Decentralized Identifiers (DIDs) Technology Industry Segments
The decentralized identifiers (DIDs) technology market covered in this report is segmented –
1) By Type: Biometric, Non-Biometric
2) By Enterprise Size: Large Enterprises, Small And Medium Enterprises
3) By Application: Banking Financial Services And Insurance (BFSI), Government, Healthcare And Life Sciences, Telecom And IT, Retail And E-Commerce, Transport And Logistics, Media And Entertainment, Other Applications
Pre-order the 2025 Decentralized Identifiers (DIDs) Technology Global Market Report for Fast Delivery & Comprehensive Insights!
What are the emerging Trends Shaping the Future of the Decentralized Identifiers (DIDs) Technology Market?
The trends in the decentralized identifiers (dids) technology market are:
• Blockchain and distributed ledger technological advancement is a significant emerging trend.
• The emergence of self-sovereign identity (SSI) solutions is shaping the future of DIDs technology.
• The implementation of zero-knowledge proof techniques is gaining traction in this market.
• The trend of integrating decentralized identifiers with digital wallets is rising.
Who Are the Top Competitors & Leading Players in the Decentralized Identifiers (DIDs) Technology Market?
The major players in the decentralized identifiers (dids) technology market are:
• Microsoft Corporation
• Accenture Plc
• International Business Machines Corporation (IBM)
• Wipro Limited
• Avast Software s
Regional Dominance: Which Area Leads the Global Decentralized Identifiers (DIDs) Technology Market Overview 2025: Size, Share & Growth Analysis Market?
North America was the largest region in the decentralized identifiers (DIDs) technology market in 2024
