Decentralized Identity Market Projected to Hit USD 371.08 Billion by 2032 | Increasing Demand for…
The SNS Insider analysis of the Decentralized Identification Market Size was USD 1.15 Billion in 2023 and is projected to reach USD 371.08 Billion by 2032 with a Compound Annual Growth Rate (CAGR) of 90.00% during the forecast period from 2024-2032.
The Decentralized Identity Market is growing with several security breaches and cases of identity theft are driving decentralized identity solutions worldwide. Decentralized identity management is much more secure than traditional, centralized systems.