Decentralized Identity Market Share

Decentralized Identity Market Companies

Microsoft and Accenture held a significant share of over 10% in the decentralized identity market. As it made early, wise investments in blockchain technology and digital identification solutions, Microsoft now controls a sizable portion of the decentralized identity industry. Essential elements of its decentralized identification approach are the identification Overlay Network (ION) and Azure Active Directory (Azure AD), both of which were created by the corporation on the Bitcoin blockchain. Identity and access management is a common usage for Azure AD among businesses, and including decentralized identity solutions into this platform allows current users to migrate seamlessly. Microsoft is well-positioned in the industry owing to its powerful cloud infrastructure, large community of commercial clients, and solid security and dependability record. Microsoft also actively cooperates with industry standards groups, such as the World Wide Web Consortium (W3C) and the Decentralized Identity Foundation (DIF), aiding to shape the future of decentralized identity standards and ensuring its solutions are interoperable and widely adopted.
 

Accenture has established a noteworthy market position in the decentralized identity space by virtue of its all-encompassing strategy for digital transformation and its proficiency in executing inventive technological solutions in diverse sectors. To create scalable and secure decentralized identification systems, the company has teamed up with ID2020, a global alliance dedicated to resolving digital identity issues. Accenture's significant experience in consulting and implementing technology solutions for large organizations and governments allows it to incorporate decentralized identity solutions into complicated organizational structures successfully. Furthermore, Accenture is able to provide cutting-edge decentralized identity solutions that specifically address client demands owing to its research and development efforts and strategic collaborations with important technology vendors.
 

Decentralized Identity Market Share

Major players operating in the decentralized identity industry are:

• Microsoft
• Accenture
• Ping Identity
• Civic Technologies, Inc.
• SecureKey Technologies Inc.
• Evernym Inc.
• Ontology