PRESS RELEASE
Published September 4, 2023
The research report on blockchain identity management market offers a comprehensive insight into the industry. It delves into market segmentation based on service providers, organization size, industry verticals, and geographical regions. The report conducts a global analysis with a special emphasis on rapidly growing applications within each vertical and swiftly evolving market segments.
Furthermore, it provides an intricate view of the competitive landscape, pinpointing key players within each market type. It includes a thorough examination of market share, individual revenues, and rankings of top players. The report also conducts an impact analysis of market dynamics, identifying the current drivers and constraints affecting market growth in the short, medium, and long term.
Key Players
IBM, AWS, Civic Technologies, KYC-Chain, Bitfury, Evernym, Factom, Netki, ShoCard, UniquID, Microsoft, and Oracle among others.
“Microsoft wants to use blockchain to secure your identity”
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In addition, the report offers competitive intelligence through company profiles and insights into key player strategies, including game-changing developments such as product launches and acquisitions. The primary objective of this study is to identify market opportunities and estimate market size across segments and countries for the past few years, projecting values for the next five years.Furthermore, the report integrates both qualitative and quantitative aspects of the industry, considering each region and country included in the study. It encompasses a qualitative analysis that encompasses comprehensive pricing and cost analysis of components and products, Porter’s analysis, and a PEST (Political, Economic, Social, and Technological factors) analysis of the market. The report also provides profiles of all major companies operating in this field.
Key Drivers in Blockchain Identity Management Market
- Data Security and Privacy Concerns: Increasing concerns about data breaches and identity theft are driving the adoption of blockchain identity management solutions as they offer enhanced security and privacy protection.
- Regulatory Compliance: Stringent regulations related to data protection and privacy, such as GDPR in Europe, are compelling organizations to implement blockchain-based identity solutions to ensure compliance.
- Digital Transformation: The ongoing digital transformation across industries is creating a need for secure and efficient identity verification processes, which blockchain technology can provide.
- Rising Online Transactions: The growth of e-commerce, online banking, and digital services is increasing the demand for robust identity management systems to verify users in real-time, reducing fraud and improving user experience.
- Decentralization Trend: The trend toward decentralization aligns well with blockchain identity management, allowing individuals to have more control over their digital identities without relying on centralized authorities.
- Cross-Border Identity Verification: Blockchain identity solutions facilitate cross-border identity verification, which is essential for international businesses and the global movement of people.
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Major Classifications are as follows:
By Service Provider
- Application Providers
- Middleware Providers
- Infrastructure Providers
By Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Industry Vertical
- BFSI
- Government
- Healthcare and Life Sciences
- Telecom and IT
- Retail and e-Commerce
- Transport and Logistics
- Real Estate
- Media and Entertainment
- Travel and Hospitality
- Others
By Geography
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- Germany
- France
- United Kingdom
- Italy
- Rest of Europe
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- Japan
- China
- South Korea
- India
- Australia
- Rest of Asia Pacific
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- Brazil
- Argentina
- Rest of South America
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Key Questions Addressed by the Report
- What are the growth opportunities in the Blockchain Identity Management Market?
- What are the major raw materials used for manufacturing Blockchain Identity Management Market?
- What are the key factors affecting market dynamics?
- What are some of the significant challenges and restraints that the industry faces?
- Which are the key players operating in the market, and what initiatives have they undertaken over the past few years
Blockchain Identity Management Market Frequently Asked Questions (FAQs):
- How blockchain can be used for identity management?
- What is the feature of blockchain that best enables identity management?
- What is the size of blockchain digital identity market?
- What are the challenges for using blockchain as a public record of identity?
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