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Blockchain Identity Management Market Trends, Growth, Segment Analysis and Forecast to 2023Market Highlights: Blockchain identity management is an identity management tool that comprises a blockchain based digital verification and authentication process. The blockchain identity management tool stores and encrypts data on the user’s mobile devices, rather than in a central database. Blockchain technology uses cryptography to store and link data blocks through virtual networks. Every block of information contains a complete and accurate record of every transaction which once verified cannot be altered. There are two main types of blockchain, public and private. In public blockchain, computers are connected to the public internet that allows the participation of any other computer connected in the same network. On the other hand, the privates blockchain allows only known enterprise devices to join the network. Private blockchain is more secure as it uses the participant’s identity to confirm membership and know with whom they are sharing the data. Blockchain technology in identity management helps in integration and verification of the users more accurately. Self-sovereign identification and rising security concerns associated with existing models are the major factors responsible for driving the blockchain identity management market. Use of blockchain technology for identity management simplifies the KYC processes for BFSI organizations as well as ensures the protection of the user's personal information. Using blockchain as an identity management solution enables the users to take over the control of their data and centralize it. However, lack of common set of regulatory standards and uncertain regulatory landscape and concerns regarding the authenticity of the users is hindering the market growth. In the coming future, blockchain will be able to compile the data at one location, whenever the data is put online. Request a Sample report @ https://www.marketresearchfuture.com/sample_request/6197 Major Key players IBM (U.S.), AWS (U.S.), Civic Technologies (U.S.), Bitfury (U.S.), Evernym (U.S.), Factom (U.S.), Netki (U.S.), ShoCard (U.S.), UniquID (U.S.), KYC-Chain (Hong Kong). Other players in the market include Microsoft (US), Oracle (US), Bitnation (Switzerland), Nodalblock (Spain), EdgeSecure (U.S.), Blockverify (U.K), Peer Ledger (Canada), Cambridge Blockchain (US), uPort (U.S.), Originalmy (Brazil), Neuroware (Malaysia), Tradle (U.S.), Existenceid (Australia), Coinfirm (Poland), and BTL Group (Canada). According to MRFR, The Global Blockchain Identity Management Market is expected to reach approximately USD 1,929.37 Million by 2023 growing at 85% CAGR over the forecast period 2018–2023. Segmentation: By provider, the market is segmented into application providers, middleware providers, and infrastructure providers. By organization size, the market is segmented into large enterprises and small and medium-sized enterprises. By industry verticals, the market is segmented into BFSI, government, healthcare & life sciences, telecom and it, retail & e-commerce, transport & logistics, real estate, media & entertainment, travel & hospitality, and others. Regional Analysis The global market for blockchain identity management is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of blockchain identity management market is covered for North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to emerge as the leading market during the forecast period owing to the growth in venture capital funding. This is due to increase in a number of startups and thereby rising government focus on regulating the blockchain technology identity management. North America is estimated to hold the largest market in 2018 due to advancement in terms of technology and infrastructure. Recognizing the potential of blockchain technology for identity verification across various organizations in the region. The primary driving factor for the blockchain identity management market in this region is the strong presence of key industry players offering blockchain identity management solutions. Browse Complete Report @ https://www.marketresearchfuture.com/reports/blockchain-identity-management-market-6197 Intended Audience • Regulatory bodies • Blockchain technology solution vendors • Independent Software Vendors (ISVs) • Consulting firms • VARs • Investors and consultants • Research/Consultancy Firms About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact: Market Research Future +1 646 845 9312 Email: [email protected] As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |