Global Blockchain Identity Management Market– Industry Trends and Forecast to 2025

Market Analysis: Global Blockchain Identity Management Market

The global blockchain identity management market is expected to reach USD 7308.4 million by 2025, from USD 57.6 million in 2017, growing at a CAGR of 83.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition: Global Blockchain Identity Management Market

Blockchain identity management is the technology which manages a large amount of data in the organisations. It helps in providing people more proactive controller over their data. There are various benefits of block chain identity, such as it controls personal data, verifies data by various counterparties, reduces time to manage large amount of data from data ware houses and others. There are various applications of blockchain identity management in our life, such as voting system in election time, online money transfer, digitally data identification, updating stock marketer and others.

 According to an article published in 2015 by Solutions Review., Microsoft (U.S.) Company had announced to developed block chain identity system. It provides decentralized identity management platform to get better secure users digital identities. Furthermore it also provides third-party apps along with providing services to control over access users’ data.

Hence, due to various advantages it will affect the growth of market in future.

Major Market Drivers and Restraints:

Increasing demand for self-sovereign identification
Growing demand for blockchain identity solutions across industry verticals
Extensive applications of blockchain identity solutions in banking, cybersecurity, and iot
Increasing demand for self-sovereign identification
concerns related to the authenticity of users

Market Segmentation: Global Blockchain Identity Management Market

The global blockchain identity management market is segmented based on provider, vertical and geographical segments.
Based on provider, the global blockchain identity management market is segmented into application provider, middleware provider, infrastructure provider.
On the basis of vertical, the global blockchain identity management market segmented into BFSI, government, healthcare and lifesciences, real estate.
Based on geography, the global blockchain identity management market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Competitive Analysis: Global Blockchain Identity Management Market

The global blockchain identity management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of blockchain identity management market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players: Global Blockchain Identity Management Market

Some of the major players operating in the global blockchain identity management market are IBM (US), AWS (US), Civic Technologies (US), KYC-Chain (Hong Kong), Bitfury (US), Evernym (US), Factom (US), Netki (US), ShoCard (US), UniquID (US), 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) and  among others.

Research Methodology: Global Blockchain Identity Management Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.

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The key research methodology used by our team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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Global Blockchain Identity Management Market– Industry Trends and Forecast to 2025

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