Startup Ideas AI

Verifying identity is crucial for cybersecurity, but centralized systems are vulnerable. A startup that develops a decentralized identity verification solution could disrupt the industry. By leveraging blockchain technology, users can have more control over their own identities, reducing the risk of data breaches. Market size: The global cybersecurity market size was valued at $167.13 billion in 2020 and is expected to reach $366.10 billion by 2028. Cybersecurity Ventures predicts the cumulative cybersecurity spending from 2021 to 2025 to exceed $1 trillion.