By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Decentralized Identity Market to be Worth $102.0 Billion by 2030
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > NFT > Knights > Decentralized Identity Market to be Worth $102.0 Billion by 2030
Knights

Decentralized Identity Market to be Worth $102.0 Billion by 2030

Shayne Heffernan Ph.D.
Last updated: September 26, 2022 9:52 am
Shayne Heffernan Ph.D.
Share
4 Min Read
photo 2022 09 12 10 52 40 1
SHARE

The global decentralized identity market size is expected to reach USD 102.0 billion by 2030, expanding at a CAGR of 88.2% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The ineffectiveness of conventional identity management practices and rising incidences of security breaches have fueled the demand for decentralized identity platforms. The increasing adoption of such decentralized identity platforms by businesses and individuals is further expected to drive the market over the forecast period.

Key Industry Insights & Findings from the report:

  • The biometric segment is anticipated to register the fastest growth rate over the forecast period. The increasing launch of biometric identification platforms by some of the major firms, including, Innovatrics and IDEMIA, is expected to drive the segment.
  • The individual segment is projected to register the fastest growth rate over the forecast period. Decentralized identity is used by individuals owing to benefits such as privacy and security concerns, which is a major factor expected to propel the segment growth.
  • The small and medium enterprises segment is anticipated to emerge as the fastest growing segment over the forecast period. The growth of the segment can be attributed to the growing digitalization across all SMEs worldwide.
  • The BFSI segment dominated the market in 2021. The banking firms adopting decentralized identity solutions to reduce identity fraud is one of the major factors propelling the segment growth.
  • Asia Pacific is projected to register the fastest growth rate over the forecast period. The increasing demand for decentralized identity solutions across the region is anticipated to play a vital role in driving the regional market.

KXCO has a Chain built to handle this type of ID

The Knights™ Armature blockchain is a proprietary blockchain that was developed to handle complex financial transactions and is using a proof-of-Authority validation concept. The Knights™ Armature blockchain was built with KYC, AML and Banking regulation in mind and a focus on speed of transaction and offers the following features:

• Proof-of-Authority (PoA) – Validation of on-chain activity within the Armature is done through permissioned and pre-approved validators that are being given the role of authorising the transactions. POA is a modified form of PoS where instead of stake with the monetary value, a validator’s identity performs the role of stake.

• High Speed: Today the Transaction per second ranges from 353,907 to 1,238,675 TPS. In comparison, Solana reaches 55,000 TPS and Bitcoin 7 TPS.

• No transaction Fees: As opposed to other chains, Knights™ Armature Blockchain does not charge any transaction fees to validate the blocks.

• Elastic Armature: An extensive amount of work is required to set up a sidechain because infrastructure must be created from scratch. Knights™ Armature Blockchain’s technology automatically makes the sidechain when a new coin pair is added to the chain. Chains can then be separated, isolated and enhanced for specific functions.

• Beehive Model: The idea is to use a sidechain for each bank / client. Each sidechain can be bridged to another and as such communicate with each other at a deep level but they don’t have access to each other and can be developed individually.

Read 160-page full market research report for more Insights, “Decentralized Identity Market Size, Share & Trends Analysis Report By Identity Type (Biometric, Non-biometric), By End-user, By Enterprise Size, By Vertical, By Region, And Segment Forecasts, 2022 – 2030“, published by Grand View Research.

You Might Also Like

Hotels as Art Galleries in Asia

125 Public Companies Now Hold Bitcoin

Ferrari Hypersail

Banking Apocalypse, Bitcoin’s Just the Beginning

Bitcoin at ATH, What Next?

TAGGED:shayne heffernantrading

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Shayne Heffernan Ph.D.
Follow:
Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
Previous Article photo 2022 09 20 22 11 36 TOKEN2049 Singapore Set To Break Record With Over 7,000 Attendees In Attendance
Next Article singapore 2696704 340 Web 5.0 Conference in Singapore on 1 November 2022
Buy Bitcoin

Buy Bitcoin

Latest News

Saint Francis of Assisi in Ecstasy Caravaggio c.1595
St. Francis: The Deeds You Do Today
Catholic Featured Headline News Lifestyle Lifestyles of the RIch and Famous Living Luxury Opinion Politics Shayne Heffernan July 11, 2025
Screenshot 26 6 2025 132527
Tokenization and the Future of Financial Markets
Bitcoin Blockchain DeFI Digital Assets Economy Headline News KXCO Politics USD July 11, 2025
photo 2025 03 03 07 22 06
InfoFi: The Latest Abomination in Crypto
Crypto Featured Headline News Shayne Heffernan on Investments July 10, 2025
czi0oawj8y561
Asia’s Growth Resilience Amid U.S. Tariffs
America Asia Asia Business Featured Headline News KXCO Politics USD July 10, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?