Blockchain Identity Management Market Share 2022 | Industry Size and Forecast 2030

Market Statsville Group (Part of Statsville Consulting Pvt. Ltd.)
The global blockchain identity management market is estimated at USD 77.23 million in 2021 and USD 2733.60 million in 2027, with a CAGR of 81.20% over the forecast period 2021-2027. Given the critically growing importance of identity verification during any authentication process, the blockchain identity management market is expected to witness robust growth over the forecast period. The increasing need for critical, real-time information from organizations, employees, and customers is primarily driving the demand for blockchain identity management in industries such as banking, retail, education, and retail. Some of the biggest challenges related to blockchain identity include the risk of identity theft, username/password combinations, know-your-customer (KYC) onboarding, and lack of control.

The major factors that will influence the Blockchain Identity Management industry during the forecast period
In the recent past it has become increasingly necessary to build trust in transactions between the parties involved. Additionally, the advent of technology brings with it an equally advanced cybersecurity threat that requires effective and reliable support such as blockchain identity management. Increasing demand for enterprise privacy and security solutions is likely to complement market growth through 2025. The blockchain with cryptographic security guarantees the authenticity and safety of user data and remains the main factor behind the market expansion.

Get PDF for more professional and technical insights: https://www.marketstatsville.com/request-sample/blockchain-identity-management-market

The exponential spread of e-commerce is another strong factor that will boost blockchain identity management market growth in the near future. Government initiatives to encourage the deployment of advanced technologies should benefit the market performance. Significantly increasing demand for scalability and high transaction speed/instant transactions is also expected to create great growth opportunities for blockchain identity management market players in the near future. However, the lack of awareness of blockchain technology and its host benefits will continue to hamper the market growth over the forecast period.

Impact of COVID-19 on Blockchain Identity Management Market
The outbreak of COVID-19 initially led to nationwide lockdowns, which triggered the new exploding trend - home office/remote working - worldwide. Consequently, the propensity to adopt blockchain technology has increased significantly. It is increasingly preferred as a viable tool to ensure identity protection and authentication. Amid the pandemic, blockchain identity management has gained traction among businesses struggling to overcome their visibility and security issues. The urgent need to operate along secured supply chains amid the COVID-19 pandemic has further accelerated the growth of the blockchain identity management market.

You can purchase the full report at https://www.marketstatsville.com/buy-now/blockchain-identity-management-market?opt=2950

scope of the report
The report outlines the global Blockchain Identity Management Market study based on vendor and type.

Based on Vendor, Blockchain Identity Management Market has been segmented into -

application provider
middleware provider
infrastructure provider
Based on Type, Blockchain Identity Management Market has been segmented into -

BFSI
government
Healthcare and Life Sciences
Telecom and IT
Retail and Ecommerce
transportation and logistics
property
media and entertainment
travel and hospitality
Other (Automotive, Education and Energy & Utilities)
Regional Outlook for Blockchain Identity Management Market
Based on region, the blockchain identity management printing market has been segmented into five geographic regions: North America, Asia Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America held the largest share of the global blockchain identity management market, followed by Asia Pacific. It is further estimated that North America is set to dominate the global blockchain identity management market during the forecast period, while Asia-Pacific is expected to register the highest CAGR in the global market during the forecast period.

The major competitors of the global blockchain identity management market include:
The global blockchain identity management market has a large number of players operating across the globe. Some of the Leading Players in the Global Blockchain Identity Management Market are -

IBM
AWS
Citizen Technologies
Bitwut
Evernym
Netki
ShoCard
Unique ID
Microsoft
Bitnation
nodal block
EdgeSecure
revocation verification
Peer-Ledger
Cambridge-Blockchain
Neuroware.
The Blockchain Identity Management Market report thoroughly analyzes macroeconomic factors and market attractiveness of each segment. The report will provide an in-depth qualitative and quantitative assessment of the segmental/regional prospects with the presence of market players in each segment and each region/country. The information completed in the report includes the inputs.

Access Full Report Description, TOC, Figure Table, Chart etc @ https://www.marketstatsville.com/table-of-content/blockchain-identity-management-market

The Blockchain Identity Management market report covers an exhaustive analysis on
Market segmentation and regional analysis
Market size of 10 years
price analysis
Supply and demand analysis
Product Life Cycle Analysis
Porter's five forces and value chain analysis
Analysis of industrialized and emerging countries
PEST-Analyse
Market and forecast factor analysis
Market opportunities, risks and trends
Conclusion & recommendation
regulatory landscape
Patentanalyse
competitive landscape
Over 15 company profiles
Blockchain Identity Management Market Regional Analysis Includes:
North America (USA, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, Great Britain, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, rest of Asia Pacific)
The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA
Target Audience of Blockchain Identity Management Market
Blockchain identity management manufacturer
Manufacturer of surgical equipment and blockchain identity management
Healthcare manufacturers, distributors and suppliers
Specialist publications and magazines
Authorities, associations and organizations

Request For Report Description: https://www.marketstatsville.com/blockchain-identity-management-market

Contact US:
Eric Martin
416, East standsberry street,
Perkins, Oklahoma 74059, US
USA: +1-580-205-2707 | India: +91-702-496-8807
Email: sales@marketstatsville.com
MSG Blog https://marketstatsvilleblogs.com/
Web: https://marketstatsville.com/

About US:
Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG initiated its work in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services.
We the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact.

This release was published on openPR.