Global Blockchain Identity Management Market Size was valued at USD 680 million in 2022 and is projected to reach USD 128220 million by 2030, growing at a CAGR of 92.5% from 2023 to 2030

Blockchain identity management has the potential to reduce identity theft, streamline identity verification processes, and enable cross-border identification. It is also particularly valuable in scenarios where trust and security are paramount, such as financial services, healthcare, and government applications. By decentralizing identity management and leveraging the immutability of blockchain, this approach aims to provide individuals with greater autonomy and security over their digital identities.

Blockchain identity management provides real-time information about particular person or an entity, which allows industries such as banks, healthcare, retail, and others to verify their identity for any kind of authentication or proof. Moreover, blockchain assures reliability, safety, and authenticity of users’ data with its cryptographic security. Thus, these factors are expected to drive the across industries.

Key Prominent Players In The Blockchain Identity Management Market:

Amazon Web Services, Inc. (U.S.),Ibm (U.S.),Bitfury Group Limited (Netherlands),Civic Technologies, Inc. (U.S.),Evernym Inc. (U.S.),Netki (U.S.),Microsoft (U.S.),Oracle (U.S.),Kyc-Chain Limited (China),Factom (U.S.),Oaro (Canada),Procivis Ag (Germany),Btl Group (Ukraine),Originalmy (Brazil),Bitnation (U.S.),Tracxn Technologies Limited. (India) And Other Major Players.

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 Market segmentation

The Blockchain Identity Management market is segmented by type and application. Growth between segments over the period 2023-2030 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

By Component Type 

·         Software

·         Solution

By Provider   

·         Application

·         Middleware

·         Infrastructure

By Organisation Size 

·         Large Enterprises

·         SMEs

By Industry    

·         BFSI

·         Government

·         Healthcare and Life Sciences

·         Telecom and IT

·         Retail and E-Commerce

·         Transport and Logistics

·         Others

By Region

·         North America (U.S., Canada, Mexico)

·         Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

·         Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

·         Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

·         South America (Brazil, Argentina, Rest of SA)

The report focuses on the growth prospects, restraints, and trends of the blockchain identity management market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as the bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global market.

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