Global Blockchain Identity Management Market Size, Trends, and Growth Opportunity, By Service Providers (Infrastructure Providers, Middleware Providers, and Application Providers), By Organization Size (Large Enterprises and Small & Medium Enterprises (SMEs)), By End User (BFSI, Government, Healthcare, Automotive & Transportation, Retail, IT & Telecom, Others), By Region and Forecast to 2030.
Report ID : IR1002465 | Industries : Energy & Power | Published On :July 2024 | Page Count : 238
Global Blockchain Identity Management Market Size, Trends, and Growth Opportunity, By Service Providers (Infrastructure Providers, Middleware Providers, and Application Providers), By Organization Size (Large Enterprises and Small & Medium Enterprises (SMEs)), By End User (BFSI, Government, Healthcare, Automotive & Transportation, Retail, IT & Telecom, Others), By Region and Forecast to 2030.
Global Blockchain Identity Management Market
The Global Blockchain Identity Management Market was valued at USD 145.7 million in 2022 and is expected to expand to USD 42,750 million by 2030, at a CAGR of 88.02% during the forecast period 2023-2030.
Blockchain identity management empowers end users to have greater control over their own identities. Many firms & organizations use the information or data only with customers' consent and no central entity or company would be able to compromise a consumer's identity.
Blockchain helps in creating decentralized identifiers with the facility for associating digital identities with verifiable credentials. Hence, one can integrate digital identities across different platforms into one digital identity under one’s control & dominion.
Market Drivers
The blockchain identity management system has become a core building block for authenticating & managing digital identities because of which the demand for blockchain identity management system technology increases and enhances the market growth.
Furthermore, the use of blockchain technology for identity management is driving the development of a more diverse financial system. Currently, there are billions of individuals without access to conventional banking services globally. With the help of this technology, individuals can use their blockchain-based identities to access financial services and participate in the global economy.
Market Restraints
Lack of awareness among organizations and enterprises regarding the advantages of blockchain technology such as high security & transparency is one of the major factors which is expected to restrain the growth of the blockchain identity management market growth.
Also, the uncertain regulatory terrain of blockchain technology with the lack of interoperability is the major factor that hampers the growth of the market.
Market Segmentation
The global blockchain identity management market is segmented into service providers, organization size, end user, and region.
Based on service providers, the global blockchain identity management market is segmented into infrastructure providers, middleware providers, and application providers.
Based on organization size, the global blockchain identity management market is segmented into large enterprises and small & medium enterprises (SMEs).
Based on end users, the global blockchain identity management market is segmented into BFSI, government, healthcare, automotive & transportation, retail, it & telecom, and others.
Regional Analysis
The global blockchain identity management market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the blockchain identity management market due to the growing adoption of enhanced technologies such as the Internet of Things (IoT) in this region. Also, the huge presence of major players will further propel the market growth in this region.
The Asia-Pacific region projects the highest CAGR during the forecast period of 2023-2030 owing to the rising penetration of the internet, and the increasing adoption of blockchain identity management systems on a huge scale will further boost the market growth in this region.
Key Players
Various key players are discussed in the global blockchain identity management market report including; Amazon Web Services, Inc., IBM, Bitfury Group Limited, Civic Technologies, Inc., EVERNYM INC., NETKI, Microsoft, Oracle, KYC-CHAIN LIMITED, Factom, and Others.
For instance, in 2020, IBM launched a new initiative to solve the issue of shortage of medical equipment with the help of an advanced and innovative supply blockchain chain management system.
Market Taxonomy
By Service Providers
• Infrastructure Providers
• Middleware Providers
• Application Providers
By Organization Size
• Large Enterprises
• Small & Medium Enterprises (SMEs)
By End User
• BFSI
• Government
• Healthcare
• Automotive & Transportation
• Retail
• IT & Telecom
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Blockchain Identity Management Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Blockchain Identity Management Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact Of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Blockchain Identity Management Market, By Service Providers
5.1 Y-o-Y Growth Comparison, By Service Providers
5.2 Global Blockchain Identity Management Market Share Analysis, By Service Providers
5.3 Global Blockchain Identity Management Market Size and Forecast, By Service Providers
5.3.1 Infrastructure Providers
5.3.2 Middleware Providers
5.3.3 Application Providers
6 Global Blockchain Identity Management Market, By Organization Size
6.1 Y-o-Y Growth Comparison, By Organization Size
6.2 Global Blockchain Identity Management Market Share Analysis, By Organization Size
6.3 Global Blockchain Identity Management Market Size and Forecast, By Organization Size
6.3.1 Large Enterprises
6.3.2 Small & Medium Enterprises (SMEs)
7 Global Blockchain Identity Management Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Blockchain Identity Management Market Share Analysis, By End User
7.3 Global Blockchain Identity Management Market Size and Forecast, By End User
7.3.1 BFSI
7.3.2 Government
7.3.3 Healthcare
7.3.4 Automotive & Transportation
7.3.5 Retail
7.3.6 IT & Telecom
7.3.7 Others
8 Global Blockchain Identity Management Market, By Region
8.1 Global Blockchain Identity Management Market Share Analysis, By Region
8.2 Global Blockchain Identity Management Market Share Analysis, By Region
8.3 Global Blockchain Identity Management Market Size and Forecast, By Region
9 North America Blockchain Identity Management Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Blockchain Identity Management Market Share Analysis, By Service Providers
9.3 North America Blockchain Identity Management Market Share Analysis, By Organization Size
9.4 North America Blockchain Identity Management Market Size and Forecast, By End User
9.5 North America Blockchain Identity Management Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Blockchain Identity Management Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Blockchain Identity Management Market Share Analysis, By Service Providers
10.3 Europe Blockchain Identity Management Market Share Analysis, By Organization Size
10.4 Europe Blockchain Identity Management Market Size and Forecast, By End User
10.5 Europe Blockchain Identity Management Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Blockchain Identity Management Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Blockchain Identity Management Market Share Analysis, By Service Providers
11.3 Asia Pacific Blockchain Identity Management Market Share Analysis, By Organization Size
11.4 Asia Pacific Blockchain Identity Management Market Size and Forecast, By End User
11.5 Asia Pacific Blockchain Identity Management Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Blockchain Identity Management Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Blockchain Identity Management Market Share Analysis, By Service Providers
12.3 Latin America Blockchain Identity Management Market Share Analysis, By Organization Size
12.4 Latin America Blockchain Identity Management Market Size and Forecast, By End User
12.5 Latin America Blockchain Identity Management Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Blockchain Identity Management Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Blockchain Identity Management Market Share Analysis, By Service Providers
13.3 Middle East Blockchain Identity Management Market Share Analysis, By Organization Size
13.4 Middle East Blockchain Identity Management Market Size and Forecast, By End User
13.5 Middle East Blockchain Identity Management Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market Share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Amazon Web Services, Inc.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 IBM
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.25 Key Market Developments
15.2.6 Key Strategies
15.3 Bitfury Group Limited
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Civic Technologies, Inc.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 EVERNYM INC.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 NETKI
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Microsoft
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Oracle
15. 8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 KYC-CHAIN LIMITED
15.9.1 Overview
15.9.2 Offerings
15.4.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Factom
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies