Blockchain Identity Management Market Booming by 2026 Expected CAGR +80% - Factom, UniqID, Netki, IBM, AWS, BTL Group, KYC-Chain, Oracle, Peer Ledger, Civic Technologies

Global Blockchain Identity Management Market is accounted to grow at a CAGR of 80.1% and to reach $9598.15 million by 2026. Increasing security concerns with existing models across the globe, rising demand for blockchain identity solutions across industry, growing demand for self-sovereign identification and reduction the business functions through high transaction speed and immutability are factors driving the market growth. However, unease related to the authenticity of users, uncertain regulatory status and lack of a common set of standards are hampering the market growth. Wide ranging applications of blockchain identity solutions in banking, cybersecurity, and IOT provides an ample market opportunity.
Based on provider, application providers segment is growing due to observed a level of adoption towards the industry verticals due to the advantages provided by these solutions.

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key players in Global Blockchain Identity Management Market are Factom, UniqID, Netki, IBM, AWS, BTL Group, KYC-Chain, Oracle, Peer Ledger, Civic Technologies, Bitfury, Blockverify, ShoCard, Cambridge Blockchain and Neuroware.
Based on end user, the banking, financial service, and insurance segment is anticipated to due to increasing need for the identity verification in the banking system and having the complexity in identification methods are favoring the market. Banks have been researching ways to share customer information within a secure manner and a blockchain-based solution is a clear contender. Cryptographic protection can help keep information secure while the ability to share a constantly updated record with many parties can simplify the administrative process by reducing unnecessary duplication of information and requests.
North America is anticipated to grow owing to advanced technology implementation & infrastructure and strong presence of key industry players are factors driving the market in this region. Asia Pacific is projected to grow due to growing venture capital funding, significant growth in the number of startups venturing into the marketspace and government is focus on regulating the blockchain technology are fuelling the market in this region.

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The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Blockchain Identity Management.market
The report takes a close and analytical look at the various companies that strive for a higher share of the Blockchain Identity Management market. Data on the leading and fastest-growing segments along with what drives them has been given.
This report implements a balanced mix of primary and secondary research methodologies for its analysis. The market is segmented on the basis of key criteria.
A bird’s eye view of the Blockchain Identity Management industry made available in the report helps readers to understand the key drivers, restraints, challenges, and opportunities that are shaping the Teeth Whitening Products market. Furthermore, the report evaluates challenges experienced from buyers and sellers side.

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