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. 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. Hence, individual and business users have demanded a decentralized structure for storing their data. The concept of decentralized data has been used in cryptocurrency applications through technologies such as blockchain. Thus, blockchain becomes a prime alternative for background technology to be utilized for identity management.
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
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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.
The report provides both, qualitative and quantitative research of global blockchain identity management market, as well as provides worthy insights into the rational scenario and favored development methods adopted by key contenders. The report also offers extensive research on the key players in global blockchain identity management market and detailed insights on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their headquarter, competitors, product/service type, application and specification, pricing, and gross margin.
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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