Market Opportunities

Why will it be really big? The market opportunity for Shegby is huge due to the growing need for secure, efficient and user-friendly identity verification solutions. With the global market for digital identity solutions predicted to reach $147.25 billion by 2032, driven by increasing cybersecurity threats and regulatory requirements, there is significant demand for innovative KYC and identity management technologies.

Why could it be bigger than people think? Shegby leverages blockchain technology to create a decentralised, secure and transparent KYC process, tapping into the blockchain identity management market, which is expected to grow at a staggering CAGR of 79.5% to reach $97 billion by 2032. This exponential growth is being fuelled by the increasing adoption of blockchain across various industries, putting Shegby in a unique position to capitalise on this expanding market.

Is it creating a new market? Yes. In addition to improving traditional KYC processes, Shegby is creating a new market segment with decentralised identity verification. By enabling self-sovereign identities and reducing reliance on centralised authorities, Shegby addresses the pain points of existing systems and opens up new opportunities in areas such as DeFi, digital wallets and secure online transactions, paving the way for a new era of identity management.

Shegby sits at the intersection of two rapidly growing markets - digital identity solutions and blockchain identity management. Its innovative approach to decentralised KYC and identity verification positions it not only to capture a significant share of these markets, but also to drive the creation of new opportunities in the evolving digital landscape. Don't miss the opportunity to be part of this transformative journey!

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