Product Code: ETC4386221 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Decentralized Identity market in the UAE is emerging as a promising solution for addressing identity and access management challenges. Decentralized identity technologies offer individuals greater control over their personal information and digital identities. In the UAE, there is growing interest in decentralized identity solutions to enhance privacy, security, and convenience in various sectors, including government services and financial institutions.
The UAE Decentralized Identity market is witnessing growth driven by the need for enhanced security, privacy, and user control in digital identity management. Decentralized Identity systems enable individuals to have greater control over their personal information and the ability to share it securely with trusted parties, reducing the risk of identity theft and fraud. In an era of increased online activities, including e-commerce, e-government, and digital services, privacy and security have become paramount. The UAE government`s emphasis on digital transformation and e-governance initiatives further fuels the demand for decentralized identity solutions. With data protection regulations such as GDPR and the UAE own data privacy laws, organizations are seeking ways to comply while ensuring a seamless user experience. Decentralized identity offers a solution that aligns with these objectives, making it a promising market in the UAE digital landscape.
The decentralized identity market in the UAE encounters several hurdles. One primary challenge is fostering trust and adoption among users and entities, given the need for a paradigm shift in how identity verification is perceived and managed. Additionally, interoperability and standardization across various decentralized identity solutions pose a challenge, hindering seamless integration and data portability. Addressing regulatory concerns and ensuring compliance with data protection laws while maintaining the decentralized nature of identity management also remains a significant challenge.
The Decentralized Identity market in the UAE experienced accelerated growth during the pandemic. With increased digital interactions, there was heightened interest in decentralized identity solutions. Companies explored decentralized identity systems for secure and private verification, driving market expansion.
Influencing the Decentralized Identity market in the UAE are major players such as Microsoft Corporation, IBM Corporation, and Sovrin Foundation. These key players offer decentralized identity solutions, empowering individuals with control over their digital identities. Their commitment to blockchain technology, self-sovereign identity, and privacy-enhancing technologies positions them as key contributors to the Decentralized Identity market in the UAE.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Arab Emirates (UAE) Decentralized Identity Market Overview |
3.1 United Arab Emirates (UAE) Country Macro Economic Indicators |
3.2 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, 2021 & 2031F |
3.3 United Arab Emirates (UAE) Decentralized Identity Market - Industry Life Cycle |
3.4 United Arab Emirates (UAE) Decentralized Identity Market - Porter's Five Forces |
3.5 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
3.6 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume Share, By Identity Type, 2021 & 2031F |
3.7 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.8 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 United Arab Emirates (UAE) Decentralized Identity Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) Decentralized Identity Market Trends |
6 United Arab Emirates (UAE) Decentralized Identity Market, By Types |
6.1 United Arab Emirates (UAE) Decentralized Identity Market, By Vertical |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Vertical, 2021-2031F |
6.1.3 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By BFSI, 2021-2031F |
6.1.4 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Government, 2021-2031F |
6.1.5 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Healthcare and Life Sciences, 2021-2031F |
6.1.6 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Retail and eCommerce, 2021-2031F |
6.1.7 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Telecom and IT, 2021-2031F |
6.1.8 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Transport and Logistics, 2021-2031F |
6.1.9 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Others, 2021-2031F |
6.2 United Arab Emirates (UAE) Decentralized Identity Market, By Identity Type |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Non- biometrics, 2021-2031F |
6.2.3 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Biometrics, 2021-2031F |
6.3 United Arab Emirates (UAE) Decentralized Identity Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Enterprises, 2021-2031F |
6.3.3 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Individual, 2021-2031F |
6.4 United Arab Emirates (UAE) Decentralized Identity Market, By Organization Size |
6.4.1 Overview and Analysis |
6.4.2 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.4.3 United Arab Emirates (UAE) Decentralized Identity Market Revenues & Volume, By SMEs, 2021-2031F |
7 United Arab Emirates (UAE) Decentralized Identity Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) Decentralized Identity Market Export to Major Countries |
7.2 United Arab Emirates (UAE) Decentralized Identity Market Imports from Major Countries |
8 United Arab Emirates (UAE) Decentralized Identity Market Key Performance Indicators |
9 United Arab Emirates (UAE) Decentralized Identity Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) Decentralized Identity Market Opportunity Assessment, By Vertical, 2021 & 2031F |
9.2 United Arab Emirates (UAE) Decentralized Identity Market Opportunity Assessment, By Identity Type, 2021 & 2031F |
9.3 United Arab Emirates (UAE) Decentralized Identity Market Opportunity Assessment, By End User, 2021 & 2031F |
9.4 United Arab Emirates (UAE) Decentralized Identity Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 United Arab Emirates (UAE) Decentralized Identity Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) Decentralized Identity Market Revenue Share, By Companies, 2024 |
10.2 United Arab Emirates (UAE) Decentralized Identity Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |