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

The blockchain identity management market refers to the segment of the technology industry that focuses on using blockchain technology to manage digital identities securely and efficiently. In traditional systems, personal data and identities are often stored in centralized databases, which can be vulnerable to hacking and data breaches. Blockchain technology offers a decentralized alternative by storing identity information across a network of computers, making it more resistant to tampering and unauthorized access.

Global Blockchain Identity Management Market Report provides a deep insight into the market 2023, covering all its essential aspects. This spans from a macroeconomic overview of the global market to the minute micro details of the industry performance, recent trends, key market drivers and challenges, Porter’s five forces analysis, SWOT analysis, value chain analysis, etc. The report provides the user with insights into the manufacturing cost, raw material prices, supply chain analysis, etc. The research report contains a comprehensive analysis of the market opportunities, import/export details, key manufacturers, market dynamics, and key regions.

Key Companies 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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Blockchain identity management refers to the use of blockchain technology to establish and manage digital identities in a secure, decentralized, and tamper-resistant manner. In traditional identity management systems, individuals' personal information and credentials are stored and controlled by centralized authorities, making them vulnerable to data breaches and misuse. However, blockchain identity management shifts the control and ownership of personal data back to the individuals themselves.

Market Segmentation:

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

Regions and Countries Level Analysis:

• 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)

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The report is focused on qualitative and quantitative insights by industry analysts, inputs from industry experts and industry participants across the value chain. The data presented in the report is extracted through primary interviews with top officials from leading companies of domain concerned. The secondary data includes deep online research through news, articles, press releases, company reports, etc.

Scope of the Report of Blockchain Identity Management

The global Blockchain Identity Management market is expected to boost in the forecasted period due to rising security concerns with existing models across the globe. Blockchain identity management provides the freedom to create encrypted digital identities which control replace username and passwords while offering security features. Since blockchain enables decentralization, it eliminates the aforementioned intermediaries between any interaction and communication. Blockchain technology helps to improve the existing identity management by resolving the issues of identity theft, KYC onboarding, and lack of control over personal data.

Key Aspects Covered In The Report Include:

·         The market size and industry growth rate of the global and regional market across various segments

·         The region or the sub-segment that is expected to drive the Blockchain Identity Management market in the forecast period 2023-2030

·         Key companies operating in the global Blockchain Identity Management market and their market share

·         The Factors that are estimated to drive the Blockchain Identity Management Market growth

·         Key opportunities in the Blockchain Identity Management market

·         Key technological advancements and market trends that shape the market

Why Purchase this Report?

• A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality.
• The report provides a holistic view of the competitive scenario of the Blockchain Identity Management market.
• The latest product launches, along with technological changes and developments, are included in the report.
• The data analysis in the report will help you understand the Blockchain Identity Management market dynamics projected from 2023 to 2030.
• The Report has a vast data store, so it can accommodate your custom needs as well.

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