Global Blockchain Identity Management Market

Blockchain Identity Management Market Size, Share, Growth Analysis, By Offering(Software, and Services), By Provider Type(Infrastructure Providers, Application Providers), By Enterprise Size(Large Enterprises, Small and Medium Enterprises (SMEs)), By Industry Vertical(BFSI, IT & Telecommunications) - Industry Forecast 2024-2031

Report ID: SQMIG45B2123 | Region: Global | Published Date: May, 2024
Pages: 157 | Tables: 120 | Figures: 82

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FAQs

Blockchain Identity Management Market size was valued at USD 296.2 million in 2022 and is poised to grow from USD 540.57 million in 2023 to USD 66519.7 million by 2031, growing at a CAGR of 82.5% in the forecast period (2024-2031).

Blockchain identity management providers should focus on making solutions that are easily scalable and are more flexible in terms of compatibility with other blockchains. Blockchain identity management providers can also develop custom solutions to maximize their revenue generation form a particular industry vertical. 'AWS', 'Fractal', 'IBM', 'SpringRole', 'Blockchains', 'Oaro', 'Microsoft', 'Bitfury', 'Validated ID', 'KYC-Chain', 'TRM Labs', 'Oracle', 'NEC', 'Metadium', 'Serto', 'Factom', 'Coinfirm', 'Neuroware', 'Tradle', 'Peer Ledger', 'Dock', 'Hu-manity.co', 'Procivis', 'Accumulate', 'NuID'

Blockchain identity management solutions are decentralized and highly secure as compared to traditional identity management solutions. Growing demand for better identity management and security is estimated to promote blockchain identity management adoption.

High Demand for Decentralized Identity Management: Blockchain identity management solution providers can capitalize on the growing popularity of decentralized solutions to boost their sales. Companies can market their products using organic and inorganic marketing strategies to make the most of this decentralization trend.

North America is estimated to account for a substantial share of the blockchain identity management market. The presence of thriving blockchain start-ups and growing adoption of blockchain solutions by leading tech companies in this region contribute to the dominance of North America. Prioritization of data security in this region is a key factor that will bolster the demand for blockchain identity management in the future. The United States and Canada are estimated to be the leading markets for blockchain identity management providers in this region.

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Global Blockchain Identity Management Market

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