{"product_id":"blockchain-identity-management-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Blockchain Identity Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003eBlockchain Identity Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global blockchain identity management market size reached US$ 797.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 36,591.4 Million by 2028, exhibiting a growth rate (CAGR) of 84% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eBlockchain identity management is a process of providing a decentralized and secure solution that offers real-time information about a person or an entity via a distributed trust paradigm. It enables decentralized public key infrastructure (DPKI), which creates a tamper-proof and trusted medium to distribute the asymmetric verification and encryption keys of the identity holders. It simplifies processes for users by reducing the time and manual efforts required for issuing identities. Apart from this, it ensures the security, reliability, and authenticity of the data of users with its cryptographic security. As a result, it finds extensive applications in the banking, financial services, and insurance (BFSI), government, healthcare, automotive, transportation, retail, information and technology (IT), and telecom sectors.\u003c\/p\u003e\n\n\u003cp\u003eBlockchain Identity Management Market Trends:\u003c\/p\u003e\n\n\u003cp\u003eAt present, there is a surge in cyber-attacks and data breaches to steal confidential data of private companies and government organizations across the globe. This, along with the growing demand for effective identity management models in various organizations to help in regulatory compliance and keep track of employee activities, represents one of the key factors driving the market. Moreover, the escalating demand for self-sovereign identification technology in various industries to store minimum personal data of users while also increasing the efficiency of the identification process is propelling the market growth. In addition, the rising utilization of blockchain identity management for building trust and transaction transparency between two or more businesses to ensure the authenticity of the data is positively influencing the market. Additionally, governments of several countries are taking initiatives to promote the employment of blockchain identity management for enhanced scalability and transaction speed. Other growth-inducing factors are the growing sales of smartphones, especially in developing economies, and the increasing proliferation of the internet worldwide.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003c\/p\u003e\n\n\u003cp\u003eIMARC Group provides an analysis of the key trends in each sub-segment of the global blockchain identity management market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, provider, organization size and industry vertical.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Component:\u003c\/p\u003e\n\n\u003cp\u003ePlatform\u003cbr\u003e\nServices\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Provider:\u003c\/p\u003e\n\n\u003cp\u003eApplication Providers\u003cbr\u003e\nMiddleware Providers\u003cbr\u003e\nInfrastructure Providers\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Organization Size:\u003c\/p\u003e\n\n\u003cp\u003eLarge Enterprises\u003cbr\u003e\nSmall and Medium-sized Enterprises (SMEs)\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Industry Vertical:\u003c\/p\u003e\n\n\u003cp\u003eBFSI\u003cbr\u003e\nGovernment\u003cbr\u003e\nHealthcare and Life Sciences\u003cbr\u003e\nTelecom and IT\u003cbr\u003e\nRetail and E-Commerce\u003cbr\u003e\nTransport and Logistics\u003cbr\u003e\nReal Estate\u003cbr\u003e\nMedia and Entertainment\u003cbr\u003e\nTravel and Hospitality\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003c\/p\u003e\n\n \u003cp\u003eUnited States\u003cbr\u003e\n Canada\u003c\/p\u003e\n\n\u003cp\u003eAsia-Pacific\u003c\/p\u003e\n\n \u003cp\u003eChina\u003cbr\u003e\n Japan\u003cbr\u003e\n India\u003cbr\u003e\n South Korea\u003cbr\u003e\n Australia\u003cbr\u003e\n Indonesia\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eEurope\u003c\/p\u003e\n\n \u003cp\u003eGermany\u003cbr\u003e\n France\u003cbr\u003e\n United Kingdom\u003cbr\u003e\n Italy\u003cbr\u003e\n Spain\u003cbr\u003e\n Russia\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eLatin America\u003c\/p\u003e\n\n \u003cp\u003eBrazil\u003cbr\u003e\n Mexico\u003cbr\u003e\n Others\u003c\/p\u003e\n\n\u003cp\u003eMiddle East and Africa\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape:\u003c\/p\u003e\n\n\u003cp\u003eThe competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc.), Bitfury Group Limited, Blockchains Inc., Civic Technologies Inc., Cognizant, Evernym Inc. (Avast Software s.r.o.), Infosys Limited, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation and Tata Consultancy Services Limited (Tata Group).\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003c\/p\u003e\n\n\u003cp\u003eHow has the global blockchain identity management market performed so far and how will it perform in the coming years?\u003cbr\u003e\nWhat has been the impact of COVID-19 on the global blockchain identity management market?\u003cbr\u003e\nWhat are the key regional markets?\u003cbr\u003e\nWhat is the breakup of the market based on the component?\u003cbr\u003e\nWhat is the breakup of the market based on the provider?\u003cbr\u003e\nWhat is the breakup of the market based on the organization size?\u003cbr\u003e\nWhat is the breakup of the market based on the industry vertical?\u003cbr\u003e\nWhat are the various stages in the value chain of the industry?\u003cbr\u003e\nWhat are the key driving factors and challenges in the industry?\u003cbr\u003e\nWhat is the structure of the global blockchain identity management market and who are the key players?\u003cbr\u003e\nWhat is the degree of competition in the industry?\u003c\/p\u003e","brand":"Service Industries","offers":[{"title":"May, 2023 \/ 142 Pages \/ MCW16275971","offer_id":47709780246834,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/blockchain-identity-management-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}