Industry Outlook of Global Blockchain Identity Management Market: Research Report during 2021-2030.

A detailed analysis titled as Blockchain Identity Management market has published by Absolute Markets Insights. This statistical data provides gives a detailed description of various economic factors such as price, shares, revenue. The global Blockchain Identity Management market is expected to grow at CAGR of around 55% during the forecast period of the 2021-2030 year.

Different techniques such as primary and secondary research methods have been used to discover, study and analyze the desired data.
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. 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.

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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Various global regions, such as North America, Latin America, Japan, Asia-Pacific and India have been analyzed to understand the current scope of Blockchain Identity Management market as well as to predict the future. This statistical data identifies key driving factors and restraints, which are driving the growth of the Blockchain Identity Management market. Competition in global business environment have been studied by profiling the leading industry key players to get more details about market. The entire demanding and supply chain have been examined to take crucial decision.

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Segmentation of the Blockchain Identity Management Market Report:

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.)

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