Blockchain Identity Management Market is projected to reach USD 1929.9 Million by 2023, growing at a CAGR of 84.5% from 2018 to 2023 : Top Key Players are IBM , AWS , Civic Technologies , KYC-Chain, Bitfury , Evernym , Factom , Netki and Others

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The Blockchain Identity Management Market size is expected to grow from US$ 90.4 Million in 2018 to US$ 1,929.9 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.5% during the forecast period. The block chain identity management market is driven by various factors, such as the increasing demand for self-sovereign identification and rising security concerns with existing models across the globe.

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The Application providers segment is the fastest growing segment in the blockchain identity management market. The market is segmented by application providers, middlew are providers, and infrastructure providers. The blockchain identity management technology’s unique capabilities, such as self-sovereign identification, authenticity, and KYC simplification, are expected to increase the demand for the blockchain identity management solutions.

“BFSI vertical is expected to hold the largest market share during the forecast period”
The Banking, Financial Service, and Insurance (BFSI) vertical is expected to hold the largest market size during the forecast period. With the increasing need for the identity verification in the banking system and the difficulties in the traditional identification methods are making the identification processes more complex. The implementation of blockchain technology for identity management will not only simplify the KYC processes for BFSI organizations but also ensure the protection of the user’s personal information.

“APAC is expected to record the highest growth rate during the forecast period”
APAC is expected to grow at the highest rate during the forecast period, due to the increase in venture capital funding and number of startups, and governments’ increasing focus on regulating the blockchain technology identity management market space. The key financial hubs and government organizations in APAC countries, such as Japan, Australia and New Zealand, Hong Kong, and Singapore, provide significant opportunities for the adoption of blockchain identity management solutions. Meanwhile, North America is projected to hold the largest market size during the forecast period.

Study Objectives:
The objective of the report is to define, describe, and forecast the blockchain identity management market by provider, vertical, and region. The report analyzes the opportunities in the market for stakeholders by identifying the high-growth segments of the market. It profiles the key players of the market and comprehensively analyzes their core competencies, such as new product launches; partnerships, agreements, and collaborations. The report also covers detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.

Reason to Access this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall blockchain identity management market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.

#Target Audience for Blockchain Identity Management Market:
• Regulatory bodies
• Blockchain technology solution vendors
• Independent Software Vendors (ISVs)
• Consulting firms
• VARs

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#Top Key Players in the “Blockchain Identity Management Market” include 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).

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