The Global Blockchain Identity Management market was valued at USD 233.79 million in 2021 and is expected to reach USD 12283.27 million by the year 2028, at a CAGR of 76.11%

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.

Without revealing the actual data, a distributed ledger (a "blockchain") in identity management allows everyone in the network to have the same source of truth regarding which credentials are legitimate and who attested to the authenticity of the data inside the credential.

The Blockchain Identity Management market is segmented by type and application. Growth between segments over the period 2022-2028 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.

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Top Companies in this report are:

IBM, Microsoft, Amazon Web Services, Civic Technologies, KYC-Chain, Bitfury, Evernym, Factom, Netki, ShoCard, UniquID, Microsoft, Oracle, Bitnation, Nodalblock, Edge Secure, Blockverify, Peer Ledger, Cambridge Blockjain, uPort,Others

The market has segmented the global Blockchain market on the basis of type, application, and region:

By Type:

·         Permissioned

·         Permission less

 By Application:

·         BFSI

·         IT & Telecom

·         Government & Public Sector

·         Real Estate

·         Retail and E-Commerce

·         Transport and Logistics

·         Media & Entertainment

·         Healthcare & Life Sciences

·         Others

This Blockchain market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2028.

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By Regional Outlook (Revenue, USD Billion, 2017 – 2028)

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
  • Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of South America)

Covid-19 Impact and Recovery Analysis on Industry:

The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols range from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Construction

This study identifies the proliferation of online services and cloud applications as one of the prime reasons driving the blockchain identity management market growth during the next few years.

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The report on blockchain identity management market covers the following areas:

·         Blockchain identity management market sizing

·         Blockchain identity management market forecast

·         Blockchain identity management market industry analysis

Key Benefits for Blockchain Identity Management Market:

·         This study presents the analytical depiction of the global blockchain identity management market trends and future estimations to determine the imminent investment pockets.

·         A detailed analysis of the market measures the potential of the market. These segments outline the favorable conditions for the market.

·         The report presents information related to key drivers, restraints, and opportunities.

·         The current market is quantitatively analyzed from 2022 to 2028 to highlight the financial competency of the industry.

·         Porter’s five forces analysis illustrates the potency of buyers & suppliers in the industry.

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