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Global Blockchain Identity Management Market Competitive Analysis By Bitfury Group Limited, Bitnation, Blockverify, BTL Group Ltd., Cambridge Blockchain, LLC, Civic Technologies & Others
Global blockchain identity management market is projected to register a CAGR of 52.5% in the forecast period of 2019 to 2026.The blockchain identity management report makes you knowledgeable about the ICT industry and competitive landscape which supports you with enhanced decision making, better manage marketing of goods and decide market goals for better profitability. All the statistical data and information involved in this report is characterized properly by using several charts, graphs or tables. The report provides strategically analyzed market research analysis and observant business insights into the most relevant markets of our clients. blockchain identity management market research report helps clients recognize new opportunities and most important customers for their business growth and increased revenue.
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Competitive Analysis: Global Blockchain Identity Management Market
Some of the prominent participants operating in this market are Amazon Web Services, Inc., Bitfury Group Limited, Bitnation, Blockverify, BTL Group Ltd., Cambridge Blockchain, LLC, Civic Technologies, Inc., Coinfirm, Evernym, Inc., Factom, Existence ID, IBM Corporation, KYC-CHAIN LIMITED, Netki, Microsoft, Neuroware, OriginalMy.com, Peer Ledger, Inc., uPort, UniqID, Tradle, Oracle, ShoCard, Nodalblock among others.
Segmentation: Global Blockchain Identity Management Market
The global blockchain identity management market is segmented into four notable segments which are networks, provider, organization size and industry.
On the basis of networks, the market is segmented into permissioned and permissionless. In 2019, permissioned networks segment is likely to grow at the highest CAGR in the forecast period of 2019 to 2026.
In October, 2018, Civic Technologies, Inc. launched a new solution, Civic Connect. Civic Connect is an app-to-app integration which enables mobile apps to integrate Civic Secure Login and reusable KYC to authenticate users.
On the basis of provider, the market is segmented into application providers, middleware providers and infrastructure providers. In 2019, infrastructure providers segment is likely to grow at the highest CAGR in the forecast period of 2019 to 2026.
In February, 2019, Amazon Web Services announced that Clippers CourtVision has made it primary machine learning, artificial intelligence and cloud computing provider. Clippers CourtVision is an augmented game watching platform which is created by Los Angeles Clippers and Second Spectrum.
On the basis of organization size, the market is segmented into large enterprise, small enterprises and medium-sized enterprises. In 2019, medium-sized enterprises segment is likely to grow at the highest CAGR in the forecast period of 2019 to 2026.
In November, 2018, BTL Group Ltd. provided an update for Interbit megachain platform (Version III). This update offers enhanced megachain platform which is able to run 1,000,000+ chains simultaneously along with supporting complex enterprise level complications.
On the basis of industry, the market is segmented into BFSI, government, healthcare and life sciences, telecom and IT, retail and e-commerce, transport and logistics, real estate, media and entertainment, travel and hospitality, others (automotive, education and energy & utilities). In 2019, BFSI industry segment is likely to grow at the highest CAGR in the forecast period of 2019 to 2026.
In January, 2019, Bitfury Group Limited announced the release of a new division, music and entertainment. This division will be created to provide an open-source music platform, secured by the bitcoin blockchain. This new open-source platform will encourage collaboration and innovation promotion.
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Product Launch
In February, 2019, IBM unveiled its latest product portfolio for Internet of things (IoT) solutions which involve advanced analytics and artificial intelligence for assisting intensive organizations such as Metropolitan Atlanta Rapid Transit Authority.
In November, 2018, Amazon Web Services announced its 13 latest machine learning capabilities and services, which include 1/18 scale autonomous racing car for developers and a custom chip for machine learning inference.
In October, 2018, Civic Technologies, Inc. launched a new solution, Civic Connect. Civic Connect is an app-to-app integration which enables mobile apps to integrate Civic Secure Login and reusable KYC to authenticate users.
In April, 2018, BTL Group Ltd. announced the launch of Interbit platform for testing and feedback. Interbit is proprietary next-generation token free blockchain platform which is built to address the scalability and privacy shortcomings of blockchain platforms.
In November, 2016, Bitnation released marriage app on Ethereum Blockchain. The application went into Ethereum Hackathon. This application is a functional jurisdiction in a robust marriage contract, such as ability to choose code of arbitrator, law and create a sign, an escrow, timestamp or contract.
OPPORTUNITY
INCREASED INVESTMENT FOR BLOCKCHAIN IDENTITY MANAGEMENT SOLUTION
While the cryptocurrencies are the latest technological and secure way to exchange data and transfer money by internet but the system is not fully secured as if any hacker gets access to the private key and public key of the account, any information of the person and the money would not remain safe.
So to make it more secure, companies are investing more into blockchain identity management system for more security.
By the third quarter of 2018, USD 1.3 billion had been invested in the blockchain by the blockchain finance companies like CirclePay by Circle.
By May 2018, crypto exchange Poloniex, received USD 110 million in Series E funding
The government groups along with banks are also ready to invest more on providing the identity management system solution like U.S government along with the U.S. Treasury Department has seen the impact of blockchain on the banking system.
Market Trends:
On the basis of networks, the market is segmented into permissioned and permissionless.
On the basis of provider, the market is segmented into application providers, middleware providers and infrastructure providers.
On the basis of organization size, the market is segmented into large enterprise, small enterprises and medium-sized enterprises.
On the basis of industry, the market is segmented into BFSI, government, healthcare and life sciences, telecom and IT, retail and e-commerce, transport and logistics, real estate, media and entertainment, travel and hospitality, others (automotive, education and energy & utilities).
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