Blockchain Identity Management Market to Surge to USD 128.81 Billion by 2031, Growing at 82.00% CAGR | Amazon Web Services, Inc. (U.S.), IBM (U.S.), Bitfury Group Limited (Netherlands), EVERNYM INC., (U.S.), NETKI (U.S.), Microsoft (U.S.)

Blockchain Identity Management Market Size And Forecast by 2031

Data Bridge Market Research analyses that the Global Blockchain Identity Management Market which was USD 1.07 Billion in 2022 is expected to reach USD 128.81 Billion by 2030 and is expected to undergo a CAGR of 82.00% during the forecast period of 2022 to 2030. Blockchain Identity Management Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.

Global Blockchain Identity Management Market Segmentation Analysis
Global Blockchain Identity Management Market, By Component (Platform, Services), Application (Loyalty and Rewards Management, Identity Management, Supply Chain Management, Payments and Smart Contracts, Compliance Management, Others), Networks (Permissioned, Permission less), Provider (Application, Middleware, Infrastructure), Organization Size (Large Enterprises, Small Enterprises, Medium-Sized Enterprises), Industry (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) - Industry Trends and Forecast to 2030.

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Which are the top companies operating in the Blockchain Identity Management Market?

The "Global Blockchain Identity Management Market "study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Blockchain Identity Management Market extension. This Blockchain Identity Management Market report provides the information of the Top 10 Companies in Blockchain Identity Management Market in the market their business strategy, financial situation etc.

**Segments**

- By Component: The blockchain identity management market can be segmented by component into solutions and services. Solutions such as identity proofing, authentication, authorization, and compliance management are gaining traction due to the increasing need for secure digital identities. On the other hand, services including consulting, integration, and support services are also witnessing growth as organizations seek assistance in implementing blockchain identity management systems.

- By Provider: In terms of providers, the market can be categorized into application providers, middleware providers, and infrastructure providers. Application providers offer blockchain identity management applications tailored to specific industry requirements, while middleware providers focus on integration and interoperability of different systems. Infrastructure providers, meanwhile, offer the underlying blockchain infrastructure necessary for identity management solutions.

- By Application: The market can also be segmented by application, with key areas including identity verification, document verification, user authentication, regulatory compliance, and access control. Identity verification applications are particularly crucial for industries such as finance and healthcare, where accurate identification of individuals is essential for compliance and security purposes.

- By Vertical: Vertical-wise, the blockchain identity management market can be divided into BFSI, healthcare, IT and telecom, government, retail, and others. Each vertical has unique requirements and challenges when it comes to identity management, leading to specialized solutions and services tailored to meet industry-specific needs.

**Market Players**

- IBM Corporation
- Microsoft Corporation
- Amazon Web Services, Inc.
- Civic Technologies, Inc.
- Bitfury Group Limited
- SecureKey Technologies Inc.
- Factom
- Peer Ledger
- ShoCard

These market players are actively involved in the development and deployment of blockchain identity management solutions, leveraging their expertise and technology capabilities to address the growing demand for secure and decentralized identity systems. Collaborations, partnerships, and investments in research and development are key strategies employed by these players to stay competitive in the market.

The blockchain identity management market is experiencing significant growth and evolution driven by the increasing need for secure digital identities across various industries. As organizations strive to enhance their security measures and ensure compliance with regulations, the demand for advanced identity management solutions and services continues to rise. The market segmentation by component highlights the importance of solutions such as identity proofing, authentication, and compliance management, which are essential for establishing and maintaining secure digital identities. Additionally, services such as consulting and integration play a crucial role in assisting organizations in implementing blockchain identity management systems effectively.

Moreover, the segmentation by provider underscores the diverse range of offerings in the market, with application providers offering tailored solutions, middleware providers focusing on interoperability, and infrastructure providers supplying the foundational blockchain infrastructure. This segmentation reflects the complex ecosystem of providers working together to deliver comprehensive identity management solutions that meet the unique requirements of various industries. The segmentation by application further emphasizes the key areas where blockchain identity management is making a significant impact, including identity verification, document verification, user authentication, regulatory compliance, and access control.

Vertical-wise, the blockchain identity management market caters to a wide range of industries such as BFSI, healthcare, IT and telecom, government, retail, and others. Each vertical presents distinct challenges and opportunities for identity management, driving the development of specialized solutions and services to address industry-specific needs effectively. Market players such as IBM Corporation and Microsoft Corporation are at the forefront of driving innovations in blockchain identity management, leveraging their expertise and technological capabilities to develop secure and decentralized identity solutions.

Collaborations, partnerships, and investments in research and development are key strategies employed by market players to stay competitive and meet the evolving demands of customers across different industries. The market dynamics are further influenced by factors such as regulatory requirements, cybersecurity threats, and the increasing adoption of blockchain technology. As organizations continue to prioritize security and compliance in the digital landscape, the blockchain identity management market is poised for continued growth and innovation in the coming years.**Market Players**

Amazon Web Services, Inc. (U.S.), IBM (U.S.), Bitfury Group Limited (Netherlands), Civic Technologies, Inc (U.S.), EVERNYM INC., (U.S.), NETKI (U.S.), Microsoft (U.S.), Oracle (U.S.), KYC-CHAIN LIMITED (China), Factom (U.S.), OARO (copyright), Procivis AG (Germany), BTL Group (Ukraine), OriginalMy (Brazil), Bitnation (U.S.), Tracxn Technologies Limited.(India)

The blockchain identity management market is witnessing robust growth and innovation as organizations across various industries recognize the importance of secure digital identities. The segmentation by component, provider, application, and vertical highlights the diverse landscape of solutions and services tailored to meet the unique requirements of different sectors. Market players such as IBM Corporation and Microsoft Corporation are leading the way in developing cutting-edge blockchain identity management solutions, leveraging their expertise and technology capabilities to address the increasing demand for secure and decentralized identity systems. These players are actively engaging in collaborations, partnerships, and investments in research and development to stay competitive and drive innovation in the market.

The presence of key market players like Amazon Web Services, Inc., Bitfury Group Limited, and Civic Technologies, Inc. further enriches the blockchain identity management ecosystem, offering a wide range of solutions and services to cater to the evolving needs of organizations seeking robust identity management solutions. With a focus on security, compliance

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