The Decentralized Identity Market size was valued at USD 1.15 Billion in 2023 and is estimated to reach over USD 195.32 billion in 2031 with a growing CAGR of 90.00% Over the Forecast Period of 2024-2031. The Decentralized Identity market is a dynamic ecosystem where individuals, organizations, and devices can securely interact without the need for traditional centralized authorities. In this decentralized paradigm, users retain control over their personal information, deciding how and when to share it with others. This shift towards self-sovereign identity empowers individuals to manage their digital identities autonomously, reducing the risk of data breaches and identity theft. One of the key drivers behind the growth of the Decentralized Identity market is the increasing concern over data privacy and security. With centralized identity systems, users are often forced to entrust their sensitive information to third-party entities, leaving them vulnerable to hacking ...