Global Blockchain Identity Management Market is Predicted to Grow at a CAGR of 79% by 2027 | Infinium Global Research

Infinium Global Research has conducted a comprehensive study on the global and regional Blockchain Identity Management Market, presenting an in-depth analysis of segments and sub-segments. The report showcases the impact of drivers, restraints, and macro indicators on the global market, providing a comprehensive presentation of trends, forecasts, and dollar values. The global blockchain identity management market is projected to grow at an impressive Compound Annual Growth Rate (CAGR) of 79% over the forecast period of 2021-2027.

To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/33176

Market Insights

Identity management, a crucial process in enterprise environments, defines and manages user identities. Blockchain technology, emerging as a pivotal solution, is being adopted by numerous companies for its superior ability to maintain records, cost-effectiveness, and security advantages. Blockchain identity management enables more secure storage and management of digital identities, offering enterprises, users, and IoT management systems an integrated, interoperable, and tamper-proof infrastructure.

Key Driving Forces

The burgeoning security concerns surrounding existing identity management models are propelling market growth. Traditional identity systems are fragmented, insecure, and exclusive, whereas blockchain identity management accelerates secure workforce access, enhances operational efficiencies, and mitigates security risks. Moreover, the escalating demand for blockchain identity solutions across various industry verticals is fueling global market growth. The continuous development and deployment of blockchain identity solutions across industries present significant growth opportunities for market players.

Market Challenges and Opportunities

Uncertain regulatory standards are a challenge for the global blockchain identity management market, albeit extensive applications in banking, cybersecurity, and IoT present opportunities. The COVID-19 outbreak opened new applications for technologies, including blockchain identity management, particularly in healthcare. This technology played a critical role in tracking the spread of the virus and identifying high-risk patients, aiding in real-time infection control.

Geographical Overview

North America dominates the blockchain identity management market due to increasing implementations of blockchain-based smart contracts. The region's high adoption of advanced technology, particularly in BFSI and healthcare, contributes to market growth. Asia Pacific emerges as the fastest-growing region, driven by blockchain adoption across industries like IT, telecommunications, and BFSI.

Market Segmentation

The report covers segments such as providers (application providers, middleware providers, and infrastructure providers) and industry verticals (BFSI, government, healthcare and life sciences, telecom and IT, retail and e-commerce, travel and hospitality, and others).

Key Market Players

Profiles of key companies in the blockchain identity management market include IBM Corporation, Bitfury Group Limited, Civic Technologies, Evernym Inc., Amazon Web Services, Inc., Cambridge Blockchain LLC, KYC-CHAIN LIMITED, Microsoft Corporation, and Oracle Corporation.

Enquire Here Get Customization & Check the Discount for the Report @ https://www.infiniumglobalresearch.com/reports/customization/33176

Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Blockchain Identity Management Market Highlights

2.2. Blockchain Identity Management Market Projection

2.3. Blockchain Identity Management Market Regional Highlights

Chapter 3. Global Blockchain Identity Management Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1.Drivers

3.2.2.Restraints

3.2.3.Opportunities

3.3. Analysis of COVID-19 impact on the Blockchain Identity Management Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1.IGR-Growth Matrix Analysis by Provider

3.5.2.IGR-Growth Matrix Analysis by Industry Vertical

3.5.3.IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Blockchain Identity Management Market

Chapter 4. Blockchain Identity Management Market Macro Indicator Analysis

Chapter 5. Global Blockchain Identity Management Market by Provider

5.1. Application Providers

5.2. Middleware Providers

5.3. Infrastructure Providers

Chapter 6. Global Blockchain Identity Management Market by Industry Vertical

6.1. BFSI

6.2. Government

6.3. Healthcare and Life Sciences

6.4. Telecom and IT

6.5. Retail and E-commerce

6.6. Travel and Hospitality

6.7. Others

Chapter 7. Global Blockchain Identity Management Market by Region 2021-2027

7.1. North America

7.1.1.North America Blockchain Identity Management Market by Provider

7.1.2.North America Blockchain Identity Management Market by Industry Vertical

7.1.3.North America Blockchain Identity Management Market by Country

7.2. Europe

7.2.1.Europe Blockchain Identity Management Market by Provider

7.2.2.Europe Blockchain Identity Management Market by Industry Vertical

7.2.3.Europe Blockchain Identity Management Market by Country

7.3. Asia-Pacific

7.3.1.Asia-Pacific Blockchain Identity Management Market by Provider

7.3.2.Asia-Pacific Blockchain Identity Management Market by Industry Vertical

7.3.3.Asia-Pacific Blockchain Identity Management Market by Country

7.4. RoW

7.4.1.RoW Blockchain Identity Management Market by Provider

7.4.2.RoW Blockchain Identity Management Market by Industry Vertical

7.4.3.RoW Blockchain Identity Management Market by Sub-region

Chapter 8. Company Profiles and Competitive Landscape

8.1. Competitive Landscape in the Global Blockchain Identity Management Market

8.2. Companies Profiles

8.2.1.IBM Corporation

8.2.2.Bitfury Group Limited

8.2.3.Civic Technologies

8.2.4.Evernym Inc.

8.2.5.Amazon Web Services, Inc.

8.2.6.Cambridge Blockchain LLC

8.2.7.KYC-CHAIN LIMITED

8.2.8.Microsoft Corporation

8.2.9.Oracle Corporation

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/reports/enquiry/33176

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of blockchain identity management.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

2nd Floor, Ganadish Empire, Rahatani Chowk, Pimple Saudagar, Pimpri-Chinchwad, Maharashtra 411027

About Infinium Global Research:

Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.

Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.

This release was published on openPR.