With the increasing data security concerns across numerous industries, enterprises are taking every possible measure to ensure the safety of their business as well as clients' data. Blockchain-enabled identity management solution empowers organizations to assure authenticity, reliability, and safety of customers’ data with cryptographic technology. Hence, such factors are driving the demand for blockchain identity management solutions across industries.
Adroit Market Research study on the global market for blockchain identity management offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porters’ analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global blockchain identity management market have been analyzed in depth.
The large organization's segment is likely to hold a significant market share in 2020. Major growth factors that contribute towards the growth of this segment are an increase in the need to safeguard the business-critical data and cross-verify the authenticity of the user's data or other files. However, small and medium organizations are anticipated to gather significant growth in the forthcoming years.
With the rapidly increasing adoption of digital technologies, the chances that organizations/user's data going into unsafe hands have drastically risen in past few years. With the increasing sophistication levels of cyber-attacks, the conventional ways of identity management are putting organization's data in danger. Businesses are in need of cutting-edge management solutions that can ensure the safety as well as the authenticity of the individual's or organizations' data. Hence, blockchain-powered identity management solution helps organizations in securing the data on decentralized cryptographic blocks which have unique security keys and the data created on the block cannot be altered until and unless 51% of the network agrees to it.
The key players of the global blockchain identity management market report include Amazon Web Services, Bitfury Group, Blockverify, Cambridge Blockchain, Civic Technologies, Evernym, IBM, KYC-CHAIN, Microsoft, and Oracle.
Key Segments of the Global Blockchain Identity Management Market
Service Providers Overview, 2018-2028 (USD Million)
- Application Providers
- Infrastructure Providers
- Middleware Providers
Organization Size Overview, 2018-2028 (USD Million)
- Large Organizations
- Small & Medium Oraganizations
Industry Vertical Overview, 2018-2028 (USD Million)
- Automotive & Transportation
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America