Market Highlights
the blockchain identity management market size anticipated to reach USD 17.81 Billion and growing at a CAGR of 52.6% during the forecast period (2022-2030).
The accurate integration and verification of the users’ data encourage the organizations to adopt blockchain identity management solutions on a large scale. Blockchain technology allows users to decide which identity data it wants to share. The major factors contributing to the growth of blockchain identity management is the growing demand for self-sovereign identification, rising security concerns with existing models, and high-speed transactions in business. However, lack of common set of regulatory standards and uncertain regulatory landscape and concerns regarding the authenticity of the users is hindering the market growth. Civic is a blockchain-based identity management platform which tackles the problem of user identity theft and reduces online identity fraud.
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Key players
The prominent players in the market of Blockchain Identity Management are, IBM (US), AWS (US), Civic Technologies (US), KYC-Chain (Hong Kong), Bitfury (US), Evernym (US), Factom (US), Netki (US), ShoCard (US), UniquID (US).
Other players in the market include Microsoft (US), Oracle (US), Bitnation (Switzerland), Nodalblock (Spain), EdgeSecure (Airbitz, US), Blockverify (UK), Peer Ledger (Canada), Cambridge Blockchain (US), uPort (US), Originalmy (Brazil), Neuroware (Malaysia), Tradle (US), Existenceid (Australia), Coinfirm (Poland), and BTL Group (Canada)
Segmentation
The segmentations of blockchain identity management market trends are based on provider, organization size, industry verticals, and region.
By Provider:
Application providers, middleware providers, and infrastructure providers.
By Organization Size:
Large enterprises, small enterprises, and medium-sized enterprises.
By Industry Verticals:
Government, media & entertainment, healthcare & life sciences, BFSI, telecom and IT, retail & e-commerce, transport & logistics, real estate, travel & hospitality, and others.
By Region:
The four main geographies included in this market are Asia-Pacific, Europe, North America, and the rest of the world.
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The global market for blockchain identity management is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of blockchain identity management market is covered for North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to emerge as the leading market during the forecast period owing to the growth in venture capital funding. This is due to increase in a number of startups and thereby rising government focus on regulating the blockchain technology identity management. North America is estimated to hold the largest market in 2018 due to advancement in terms of technology and infrastructure. Recognizing the potential of blockchain technology for identity verification across various organizations in the region. The primary driving factor for the blockchain identity management market in this region is the strong presence of key industry players offering blockchain identity management solutions.
OverviewThe blockchain identity management market is projected to grow at a CAGR of 85% during the forecast period.
As per the blockchain identity management market research report, the global market for blockchain identity management is anticipated to grow rapidly by US$19.3 Billion by 2023.
As per analysts, low-cost access to identity-verification services along with rising security concerns will drive the market growth throughout the forecast period.
The blockchain identity management market research report by expert analysts is intended to help companies in the blockchain identity management market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1708Market SegmentationThe global blockchain identity management market has been segmented based on provider, organizations size, components, and vertical.
On the basis of vertical, the market for blockchain identity management is segmented based on BFSI, telecom & IT, and government.
The blockchain identity management market research report offers crucial details about the blockchain identity management market based on the data and forecasts till 2023.Regional OverviewNorth America, Europe, Asia Pacific and the rest of the world regional market for blockchain identity management are primarily covered in the global blockchain identity management market research report.
The global blockchain identity management market is projected to reach $3843.5 million by 2026, from $75.38 million in 2019, at a CAGR of 76.11%.Blockchain technology is a management service that helps in creating platforms for the protection against identity theft and fraudulent activities.
The term ‘Block’ refers to every record comprehensively stored and recorded in the data of all the transactions that cannot be changed once the person gets it verified and secured.
It also helps the individual to create multiple substitute usernames and passwords for himself while providing secured data and features capable of saving resources and time.Read More: https://introspectivemarketresearch.com/reports/blockchain-identity-management--market/An Introspective Market Research report titled Global Blockchain Identity Management Market provides detailed information and review of key powerful factors needed to obtain an informed business choice.
It also discusses the growth and style of the different segments, as well as the markets in different regions.
The market was analysed not only in demand but also in the scope of supply.Browse now for Full Report Index or a Sample Copy @:https://www.introspectivemarketresearch.com/request/12078Some are the players that are considered in the coverage of this study are:IBM, AWS, Civic Technologies, Cambridge Blockchain, UPort, Evernym, UniquID, Netki, ShoCard, Factom, Microsoft, Oracle, Bitnation, Nodalblock, EdgeSecure, Blockverify, Peer Ledger, KYC-Chain, Bitfury, Originalmy, Neuroware, Tradle, Existenceid, Coinfirm, BTL Group LLC, PeerMountain, SelfKey FoundaTIon, NewBankingMost Important Types Blockchain Identity Management Products Covered In This Report Are:Permissioned, Permission lessType Insights: In this segment, Permissioned Networks is accounted for the largest segment with a market share of 56.32% and estimated to have a market size of USD 2198.19 million in the year 2026 with a CAGR of 76.42%.
Through extensive regional analysis of the market, the research analyst attempts to uncover hidden growth prospects that are available to players in different regions of the world.
North America Blockchain Identity Management MarketData Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “North America Blockchain Identity Management Market by By Networks (Permissioned, Permissionless), Provider (Application Providers, Middleware Providers, Infrastructure Providers), Organization Size (Large Enterprise, Small Enterprises, Medium-Sized Enterprises), Industry (BFSI, Government, Healthcare and Life Sciences, Telecom and IT, Retail and E-Commerce, Transport and Logistics, Real Estate, Media and Entertainment, Travel and Hospitality, Others) and Country (U.S.A, Canada, Mexico) Analysis and Forecast, 2019 – 2026”.
In this report, Researchers have analyzed Strength, Weakness, opportunities and threats in the market and provides the unbiased picture of the market with the Qualitative and informative knowledge.
The blockchain technology is transforming the existing identity management system by offering the self-sovereign identity over decentralized networks as sharing multiple IDs may lead to security concerns and data breaches.
Blockchain technology helps improving the existing identity management by resolving the issues of identity theft, KYC onboarding, and lack of control over personal data.Segmentation: North America Blockchain Identity Management MarketThe North America blockchain identity management market is segmented into four notable segments which are networks, provider, organization size and industry.On the basis of networks, the market is segmented into permissioned and permissionless.
In 2019, BFSI industry segment is likely to grow at the highest CAGR in the forecast period of 2019 to 2026.In January, 2019, Bitfury Group Limited announced the release of a new division, music and entertainment.
Also it creates a relationship of the market outlook with Porter Five Force AnalysisThis research report is inclusive concept of the market progression.
