Blockchain Identity Management Market Future Demand, Size and Companies Analysis || DBMR Insights

An significant Blockchain Identity Management Market research report has been created using a thorough and competent investigation, taking into account the needs of the customer. This outstanding market study assesses the market's current condition, market share and size, revenue from product sales, and necessary modifications that must be made to future items. With the newest technologies, creative programs, and new abilities, it makes the process of gaining insightful market knowledge easier and will undoubtedly help businesses achieve their objectives. A thorough analysis of the product specs, revenue, cost, pricing, gross capacity, and production is also included in the first-rate Blockchain Identity Management Market research.

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With increasing digital age, people are becoming more dependent on online activities than offline activities. Now, people want power and control over their identities over with whom and how their information is shared. Blockchain identity management system is becoming a core building block for the authenticating and managing digital identities due to which the demand for this technology increases and enhances the market growth.

Data Bridge Market Research analyses that the blockchain identity management market is expected to reach USD 128.81 million by 2030, which is USD 1.07 million in 2022, at a CAGR of 82.00% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Blockchain identity management is a process of providing a secure and decentralized solution which delivers real-time information about an entity or a person through distributed trust paradigm. It allows decentralized public key infrastructure (DPKI) to create a trusted medium and tamper-proof to distribute the encryption keys and asymmetric verification of the identity holders. It simplifies processes for customers by decreasing the manual efforts and time required for issuing identities.

Drivers

Blockchain technology with the existing systems will widen the scope of growth

Blockchain identity management can make safer and easier to onboard new workers and clients. It was expensive and time-consuming to confirm the identification of new clients and employees but with blockchain identity management now businesses could quickly and inexpensively confirm the identities of new workers and clients. Hence, blockchain technology with the existing systems will widen the scope of growth is expected to drive the market growth.

Increasing usage of blockchain identity management

The usage of blockchain for identity management is leading to the development of a more diverse financial system. There are currently billions of individuals without access to conventional banking banking services all over the globe. With the help of blockchain identity management, now people can use their blockchain-based identities to access the financial services and also participate in the global economy.

Global Blockchain Identity Management Market Scope

The blockchain identity management market is segmented on the basis of component, application, networks, provider, organization size and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

Platform
Services

Application

Loyalty and Rewards Management
Identity Management
Supply Chain Management
Payments and Smart Contracts
Compliance Management
Others

Networks

Permissioned
Permission less

Provider

Application Providers
Middleware Providers
Infrastructure Providers

Organization Size

Large Enterprises
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
Automotive
Education
Energy and Utilities

Some of the major players operating in the blockchain identity management market are:

Amazon Web Services, Inc. (U.S.)
IBM (U.S.)
Bitfury Group Limited (Netherlands)
Civic Technologies, Inc (U.S.)
EVERNYM INC., (U.S.)
NETKI (U.S.)
Microsoft (U.S.)
Oracle (U.S.)
KYC-CHAIN LIMITED (China)
Factom (U.S.)
OARO (Canada)
Procivis AG (Germany)
BTL Group (Ukraine)
OriginalMy (Brazil)
Bitnation (U.S.)
Tracxn Technologies Limited. (India)

Key questions answered in the Blockchain Identity Management Market are:

What is Blockchain Identity Management Market?
What was the Blockchain Identity Management Market size in 2022?
What are the different segments of the Blockchain Identity Management Market?
What growth strategies are the players considering to increase their presence in Blockchain Identity Management Market?
What are the upcoming industry applications and trends for the Blockchain Identity Management Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Blockchain Identity Management Market?
What major challenges could the Blockchain Identity Management Market face in the future?
What segments are covered in the Blockchain Identity Management Market?
Who are the leading companies and what are their portfolios in Blockchain Identity Management Market?
What segments are covered in the Blockchain Identity Management Market?
Who are the key players in the Blockchain Identity Management Market?