Request Discount

Blockchain Identity Management Market (Provider - Application Providers, Middleware Providers, and Infrastructure Providers; Industry Vertical - BFSI, Government, Healthcare and Life Sciences, Telecom and IT, Retail and E-commerce, Travel and Hospitality, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : January, 2022

  • Rep Id : ICT003044

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report ongoing by Infinium Global Research on the blockchain identity management market provides an in-depth analysis of segments and sub-segments in the global as well as regional blockchain identity management market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional blockchain identity management market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global blockchain identity management market. According to the report, the global blockchain identity management market is projected to grow at a CAGR of 79% over the forecast period of 2021-2027.

 

Market Insight

The user identities are defined and managed in an enterprise environment by the process of identity management. It defines the process by which user identities are provisioned and coordinated. Blockchain is one of the emerging technologies, and many companies are implementing it in their businesses. The technology has a superior ability to maintain records, cost-effectiveness, and other advantages. Blockchain identity management enables more secure management and storage of digital identities. It provides an integrated, interoperable, and tamper-proof infrastructure with key benefits to enterprises, users, and IoT management systems.

 

The growing security concerns behind the existing models among enterprises drive the market growth. The traditional identity systems of today are fragmented, insecure, and exclusive. Blockchain identity management allows to accelerate secure workforce access, increase operational efficiencies, and mitigate security risks. It provides comprehensive lifecycle management capabilities for any identity. Furthermore, the growing demand for blockchain identity solutions across industry verticals also drives the global market. The continuous blockchain developments and the use of blockchain identity management among the various industry verticals are expected to serve more growth opportunities for the companies working in the blockchain identity management market. However, uncertain regulatory standards are restraining the global blockchain identity management market. Moreover, extensive applications of blockchain identity solutions in banking, cybersecurity, and IoT provide growth opportunities to the market players. The COVID-19 outbreak opened up new applications for many technologies across various sectors. Blockchain identity management played a role as a reliable data tracker in the pandemic crisis. In the healthcare industry, blockchain identity management was used to track the spread of the coronavirus and identify high-risk patients. This technology helped in controlling the infection in real-time with the help of a digital database, which was used and shared within an extensive decentralized and publicly accessible network. Such applications of blockchain technology to combat the healthcare and economic impact of the pandemic augmented the growth of the market during 2020 and 2021.

 

Among the geographies, North America holds the largest shares in the blockchain identity management market. The increasing implementation of blockchain-based smart contracts in the North American region driving the blockchain identity management market in this region. The high adoption of advanced technology and the growing application of Blockchain in the BFSI and healthcare is expected to contribute to the growth of the blockchain identity management market in the North American region. In addition, Asia Pacific is the fastest-growing region in the blockchain identity management market owing to the growing adoption of the blockchain across various industries such as IT and Telecommunication, BFSI, and others.

 

Segment Covered

The report on global blockchain identity management market covers segments such as provider, and industry vertical. On the basis of provider, the sub-markets include application providers, middleware providers, and infrastructure providers. On the basis of industry vertical, the sub-markets include BFSI, government, healthcare and life sciences, telecom and IT, retail and e-commerce, travel and hospitality, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as IBM Corporation, Bitfury Group Limited, Civic Technologies, Evernym Inc., Amazon Web Services, Inc., Cambridge Blockchain LLC, KYC-CHAIN LIMITED, Microsoft Corporation, and Oracle Corporation.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of blockchain identity management market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount