NJ New Jersey, USA -- (SBWIRE) -- 06/06/2023 -- Advance Market Analytics added research publication document on Worldwide Decentralized Identifiers Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Decentralized Identifiers market. The study provides valuable market size data for historical (Volume** & Value) from 2018 to 2023 which is estimated and forecasted till 2028*. Some are the key & emerging players that are part of coverage and have being profiled are Transmute (United States), Consensys (United States), uPort (United States), IBM (United States), Tykn Tech (Netherlands), Blockstack (United States), Danube Tech (Austria), Trinsic (United States), Spherity (Germany), Microsoft (United States).

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Decentralized Identifier (DID) is a new kind of identifier that is globally unique, resolvable with excessive availability, and cryptographically verifiable. DIDs are generally related with cryptographic material, such as public keys, and provider endpoints, for organising impervious conversation channels. DIDs are beneficial for any software that advantages from self-administered, cryptographically verifiable identifiers such as non-public identifiers, organizational identifiers, and identifiers for Internet of Things scenarios. For example, cutting-edge industrial deployments of W3C Verifiable Credentials closely make use of Decentralized Identifiers to become aware of people, organizations, and matters and to obtain a variety of protection and privacy-protecting guarantees. This file is an introduction to the idea of Decentralized Identifiers.

In February 2023, ConsenSys acquired HAL, no-code blockchain development tooling platform that helps individuals and organizations query and automate blockchain data. With this acquisition company extend capabilities in its developer stack by using the strong configurable webhooks/notification service built by HAL. This acquisition helped company to strengthened its presence in decentralized identifiers market.

Opportunities:
- Integration of Blockchain in Decentralized Identity
- Evolving Need for Smart Contracts

Influencing Market Trend
- Privacy-Preserving Commercial Models for Digital Identity Exchange Could Radically Accelerate the Adoption of Self-Sovereign Identity

Market Drivers
- Developing Need of Non-Human Digital IDs and Security in Consumer Goods

Challenges:
- Block Chain Performance

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In 2021, Microsoft work in partnership with Onfido for fast and secure identity verification and onboarding for its Azure Active Directory (Azure AD) verifiable credentials.

Analysis by Type (Private DIDs, Public DIDs), Application (Finance, Government, Healthcare, Others), End User (Enterprise, Individual)

Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution

- % Market Share, Segment Revenue, Swot Analysis for each profiled company [Transmute (United States), Consensys (United States), uPort (United States), IBM (United States), Tykn Tech (Netherlands), Blockstack (United States), Danube Tech (Austria), Trinsic (United States), Spherity (Germany), Microsoft (United States)]
- Business overview and Product/Service classification
- Product/Service Matrix [Players by Product/Service comparative analysis]
- Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
- Consumption, Capacity & Production by Players

The regional analysis of Global Decentralized Identifiers Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028.

In 2021, Microsoft work in partnership with Onfido for fast and secure identity verification and onboarding for its Azure Active Directory (Azure AD) verifiable credentials

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/197045-global-decentralized-identifiers-market#utm_source=SBWireLal

Highlights of the Report
- The future prospects of the global Decentralized Identifiers market during the forecast period 2023-2028 are given in the report.
- The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
- The emerging technologies that are driving the growth of the market are highlighted in the report.
- The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
- The report studies the leading manufacturers and other players entering the global Decentralized Identifiers market.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.