Blockchain Identity Management Market Key Players Analysis, Demands, Trends, Size, Share, Growth Rate and Forecasts to 2023

The blockchain identity management market size is expected to grow from USD 90.4 million in 2018 to USD 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. However, lack of common set of regulatory standards and uncertain regulatory landscape and concerns regarding the authenticity of the user scouldhinder the growth of the market.

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Application providers segment is expected to grow at the highest CAGR during the forecast period
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. All these advantages are expected to encourage organizations to adopt the blockchain identity management solutions in the BFSI industry vertical.

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.

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In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the blockchain identity management marketplace.
• By company type: Tier 1: 10%, Tier 2:35%, and Tier 3: 55%
• By designation: C-Level: 60%, Director Level: 25%, and Others15%
• By region: North America: 25%, Europe: 35%, APAC: 25%, MEA: 10%and Latin America: 5%

The blockchain identity management market comprises major solution providers, such as 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). The study includes in-depth competitive analysis of these key players in the blockchain identity management market, with their company profiles, recent developments, and key market strategies.

Research Coverage
The market study covers the blockchain identity management market across segments. It aims at estimating the market size and the growth potential of this market across segments, such as provider, vertical, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

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Key Benefits of Buying the 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. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Research Assumptions
2.4 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Blockchain Identity Management Market
4.2 Market By Provider and Top 3 Regions, 2018
4.3 Market By Organization Size, 2018
4.4 Market Investment Scenario
4.5 Market Top 3 Verticals
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Security Concerns Across the Globe With the Traditional Identity Management Models
5.2.1.2 Growing Demand for Blockchain Identity Solutions Across Industry Verticals
5.2.1.3 Increasing Demand for Self-Sovereign Identification
5.2.1.4 Easing Business Functions Through High Transaction Speed and Immutability
5.2.2 Restraints
5.2.2.1 Concerns Related to the Authenticity of Users
5.2.2.2 Uncertain Regulatory Status and Lack of A Common Set of Standards
5.2.3 Opportunities
5.2.3.1 Extensive Applications of Blockchain Identity Solutions in Banking, Cybersecurity, and IoT
5.2.4 Challenges
5.2.4.1 Lack of Awareness About the Blockchain Technology
5.2.4.2 Lack of Skillsets, Technical Knowledge, and Understanding About the Blockchain Concept
5.3 Industry Trends
5.3.1 Types of Blockchain Technology
5.3.1.1 Private Blockchain
5.3.1.2 Public Blockchain
5.3.2 Blockchain Associations and Consortiums
5.3.2.1 Enterprise Ethereum Alliance (EEA)
5.3.2.2 Hyperledger Consortium
5.3.2.3 Global Blockchain Business Council
5.3.2.4 Blockchain Collaborative Consortium (BCCC)
5.3.2.5 R3cev Blockchain Consortium
5.3.2.6 Cls Group
5.3.2.7 Global Payments Steering Group (GPSG)
5.3.2.8 Financial Blockchain Shenzhen Consortium (FBSC)
5.3.2.9 CU Ledger
5.4 Regulatory Landscape
5.4.1 Know Your Customer (KYC)
5.4.2 Anti Money Laundering
5.4.3 General Data Protection Regulation (GDPR)
5.5 Digital Identity Implementation on Public and Private Blockchains
5.5.1 Closed Blockchain
5.5.2 Open Blockchain
5.6 Innovation Spotlight

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6 Blockchain Identity Management Market, By Provider
6.1 Introduction
6.1.1 Blockchain-Based Digital Identity Management
6.1.1.1 Self-Sovereign Identity
6.1.1.2 Handshake Mechanism
6.2 Application Providers
6.3 Middleware Providers
6.4 Infrastructure Providers
7 Blockchain Identity Management Market, By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.3 Small and Medium-Sized Enterprises
8 Blockchain Identity Management Market, By Vertical
8.1 Introduction
8.2 Banking, Financial Services, and Insurance
8.3 Government
8.4 Healthcare and Life Sciences
8.5 Telecom and IT
8.6 Retail and Ecommerce
8.7 Transport and Logistics
8.8 Real Estate
8.9 Media and Entertainment
8.10 Travel and Hospitality
8.11 Others
9 Blockchain Identity Management Market, By Region
9.1 Introduction
9.2 North America
9.2.1 United States
9.2.2 Canada
9.3 Europe
9.3.1 United Kingdom
9.3.2 Germany
9.3.3 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 Singapore
9.4.3 Australia and New Zealand
9.4.4 Rest of Apac
9.5 Middle East and Africa
9.5.1 Middle East
9.5.2 Africa
9.6 Latin America
9.6.1 Mexico
9.6.2 Brazil
9.6.3 Rest of Latin America
10 Competitive Landscape
10.1 Overview
10.2 Competitive Situations and Trends
10.2.1 New Product Launches/Product Enhancements
10.2.2 Business Expansions
10.2.3 Partnerships, Agreements, and Collaborations
10.2.4 Mergers and Acquisitions
11 Company Profiles
11.1 Introduction
(Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.2 AWS
11.3 Bitfury
11.4 Civic Technologies
11.5 IBM
11.6 BTL Group
11.7 Evernym
11.8 Factom
11.9 KYC-Chain
11.10 Netki
11.11 ShoCard
11.12 Tradle
11.13 UniqID
11.14 Key Innovators
11.14.1 Bitnation
11.14.2 Blockverify
11.14.3 Cambridge Blockchain
11.14.4 Coinfirm
11.14.5 Existenceid
11.14.6 Microsoft
11.14.7 Neuroware
11.14.8 Nodalblock
11.14.9 Oracle
11.14.10 Originalmy
11.14.11 Peer Ledger
11.14.12 uPort
*Details on Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

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