Global Blockchain Identity Management Market Recent Trends and Forecast 2021 To 2030
The report has been published by Absolute Markets Insights articulates the key opportunities and factors propelling the global Blockchain Identity Management Market growth. Additionally, threats and limitations that have the possibility to hamper the Market growth are outlined in the report. In this report, Porter’s five forces analysis that explains the bargaining power of suppliers and Consumers, the competitive environment and the development of substitutes in the Market are also presented in the report.
Top Players of Global Blockchain Identity Management Market are Studied: Cambridge Blockchain, LLC., Civic Technologies, Inc., EVERNYM INC., IBM Corporation, IdRamp, Keyp GmbH, Netki, NewBanking, Oracle, PeerMountain, SecureKey Technologies Inc., SelfKey Foundation, ShoCard, SingleSource, TheKey BDMI International Foundation Ltd., Trusted Key, UniquID, Inc., uPort amongst others
In 2020, the blockchain identity management market was valued above USD 60 Million and is expected to grow at a CAGR of 55% by 2030.
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Identity management has been receiving attention in recent years owing to cyber-attack incidences across the world. The highest amount of attacks have been of the identity theft type. Organizations that are centralizing data pertaining to their users have been major targets for the cyber-attacks. Users across the world are utilizing the internet for financial transactions for various applications which include retail and E-commerce, finance amongst others. Companies catering to user need for these applications have been storing data in a centralized manner. This became the entry point for hackers to vital user data and the attacks have compromised data of millions of users across the world.
Blockchain technology is expected to reduce the dependence on data lakes for storage of large amounts of data. Organizations that have access to high capacity storage can leverage the use of blockchain identity management so as to provide access to their users through the decentralized ledger. The individual users are expected to hold a major share in the forecast period owing to the increasing penetration of online services in emerging economies. This provides key market players with an opportunity to strengthen their offerings in order to cater to a wider customer base in the forecast period.
Report Scope & Segmentation:
By Offerings
- Software
- Services
By End Users
- Individuals
- Corporate
- Small and Medium Enterprises
- Large Enterprises
By Verticals
- Banking, Financial Services and Insurance (BFSI)
- Retail
- Media and Entertainment
- Manufacturing
- Others (Government, Healthcare Etc.)
By Geographical
- North America (United States, Canada, Mexico)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
- Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
- Central & South America (Brazil, Rest of South America)
- Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Other)
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