What is trending in Blockchain Identity Management Market? What are the strategies to boost business in near years?

Global Blockchain Identity Management Market is set to grow at a CAGR of around 55% by 2027, owing to increasing demand for decentralized identity management infrastructure: says Absolute Markets Insights

Absolute Markets Insights has published a statistical data to its extensive repository titled as, Blockchain Identity Management Market. The study comprises different segments and sub-segments such as type, size, applications, and end-users. The global Blockchain Identity Management Market provides an analytical study of numerous growth influencing factors Primary and secondary research techniques have been used by analysts of the report.

Increasing usage of digital media for the transfer of data pertaining to user identity is observed in recent years. Also, there has been a rising need for decentralized information solutions that make the data defendable against potential cyber-attacks. In 2018, the blockchain identity management market was valued above USD 60 Million and is expected to grow at a CAGR of 55% by 2027. Blockchain identity management offerings are available in software and service form. The changing trends from providers towards a service-based model portray a notable market share for the services segment in global blockchain identity management market.

Government regulations such as GDPR from the European Union, NDB Scheme from Australia and Cybersecurity Requirements for Financial Services Companies by the State of New York amongst others have emphasized the need of identity management for business and individual users. This would lead the market players to provide optimized identity management based on blockchain technology as per revised regulations.

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“In the healthcare sector, the demand for identity management is constantly evolving due to data migration to centralized storage locations. Moreover, rising trend of cyber-attacks on healthcare institutions focused on identity theft are generating a need for enhanced identity management solutions. The application of blockchain in various data applications creates an opportunity for the healthcare sector to adopt blockchain technology for identity management.”
The detailed research study provides qualitative and quantitative analysis of the global blockchain identity management market. The market has been analyzed from demand as well as supply side. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
Some of the major players operating in the global blockchain identity management market are Cambridge Blockchain, LLC., Civic Technologies, Inc., EVERNYM INC., IBM Corporation, IdRamp, Keyp GmbH, Netki, NewBanking, Oracle, PeerMountain, SecureKey Technologies Inc., SelfKey Foundation, ShoCard, SingleSource, TheKey BDMI International Foundation Ltd., Trusted Key, UniquID, Inc., uPort amongst others.

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By Offerings
• Software
• Services

By End Users
• Individuals
• Corporate
• Small and Medium Enterprises
• Large Enterprises

By Verticals
• Banking, Financial Services and Insurance (BFSI)
• Retail
• Media and Entertainment
• Manufacturing
• Others (Government, Healthcare Etc.)

By Geography
• North America
o U.S.
o Canada
o Mexico
o Rest of North America
• Europe
o France
o The UK
o Spain
o Germany
o Italy
o Nordic
 Denmark
 Finland
 Iceland
 Norway
 Sweden
 Rest of Nordic
o The Benelux Union
 Belgium
 the Netherlands
 Luxemburg
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Australia
o New Zealand
o Southeast Asia
o Rest of Asia Pacific
• Middle East and Africa
o GCC Countries
o Southern Africa
o Rest of Middle East and Africa
• Latin America
o Brazil
o Argentina
o Rest of Latin America

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Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.

From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

This release was published on openPR.