Decentralized Identity Market Growth and Opportunities - 2030

The global Decentralized Identity Market is expected to reach USD 56.83 billion by 2030, expanding at a remarkable CAGR of 82.9%.

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Decentralized identity refers to the use of blockchain or distributed ledger technology to store and manage identity information without relying on a centralized authority.

The growing emphasis on regulatory compliance—driven by strict data protection laws like the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR)—is encouraging organizations to implement blockchain-based identity solutions. These regulations demand robust data privacy and control measures, helping businesses enhance user trust and safeguard sensitive information.