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Blockchain Identity Management Market – By Provider , By Offering , By Network , By Organization Size , By Vertical By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030
Blockchain Identity Management Market Overview:
Blockchain Identity Management Market size is estimated to reach $133.6 billion by 2030, growing at a CAGR of 81.2% during the forecast period 2024-2030. Blockchain Identity Management uses blockchain technology to create secure, decentralized digital identities, enhancing privacy and reducing fraud in identity verification. Decentralized Identifiers (DIDs) are a key trend in the Blockchain Identity Management market. DIDs are unique, self-owned, and verifiable identifiers created and managed using blockchain technology, eliminating the need for centralized authorities. This trend is driven by the increasing demand for privacy and control over personal data. DIDs allow individuals and organizations to establish secure digital identities without relying on traditional intermediaries. They enable users to authenticate and authorize transactions, access services, and share information securely across various platforms. As regulatory requirements for data protection intensify and cyber threats become more sophisticated, DIDs offer a robust solution for enhancing security and trust in digital interactions, making them a focal point in the identity management landscape.
The integration of blockchain identity management with emerging technologies such as artificial intelligence (AI), the Internet of Things (IoT), and biometrics is a transformative trend. This convergence enhances the capabilities and applications of blockchain-based identity solutions. AI can analyze identity data to detect fraud and automate identity verification processes. IoT devices can use blockchain identities for secure communication and authentication, enabling trusted interactions in smart environments. Biometrics provide an additional layer of security, linking physical attributes to digital identities on the blockchain. This integration supports the development of innovative use cases, such as secure access control, personalized services, and streamlined regulatory compliance, driving the adoption of blockchain identity management across various sectors.
Blockchain Identity Management Market - Report Coverage:
The “Blockchain Identity Management Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Blockchain Identity Management Market.
| Attribute | Segment |
|---|---|
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By Provider |
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By Offering |
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By Network |
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By Organization Size |
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By Vertical |
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By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
- The COVID-19 pandemic accelerated the adoption of blockchain identity management, driven by increased digital interactions and the need for secure, remote verification. This shift heightened demand for decentralized, tamper-proof identity solutions, fostering market growth and innovation as businesses and governments prioritized enhanced security and privacy in digital ecosystems.
- The Ukraine crisis disrupts the Blockchain Identity Management Market by causing regulatory uncertainty, hindering investments, and slowing down adoption rates. Geopolitical tensions and economic instability undermine trust in decentralized technologies, leading to delayed projects and cautious market behavior, ultimately stalling growth and innovation in the sector.
Key Takeaways:
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Infrastructure Providers is Leading the Market
Among the segmented types in the Blockchain Identity Management Market, Infrastructure Providers hold the majority market share. This dominance is due to their essential role in establishing the foundational architecture required for blockchain-based identity systems. These providers deliver the necessary hardware, software, and networking resources that support the secure and efficient operation of blockchain networks. They enable the deployment and management of nodes, consensus mechanisms, and data storage solutions critical for maintaining the integrity and functionality of decentralized identity systems. As businesses and governments increasingly adopt blockchain technology for identity management, the demand for robust infrastructure solutions continues to rise. According to Ministry of Electronics & Information Technology, Government of India, by 2030, Blockchain would be used as a foundational technology for 30% of the global customer base that will be made up of things, and these things will be used for conducting commercial activities. Infrastructure providers facilitate scalability, reliability, and security, which are paramount for the successful implementation and operation of blockchain identity solutions. Consequently, their role is vital in driving the growth and adoption of blockchain identity management across various sectors.
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Services to Register Highest Growth
Services segment is analyzed to grow with the highest CAGR 93.5% in the Blockchain Identity Management Market during the forecast period 2024-2030. This rapid growth is driven by the increasing demand for expert guidance and support in implementing and managing blockchain identity solutions. Businesses and organizations are seeking specialized services for system integration, consulting, and maintenance to ensure seamless and secure deployment of blockchain identity technologies. The complexity of blockchain infrastructure necessitates professional services to navigate technical challenges, regulatory compliance, and security concerns. Additionally, as more companies recognize the potential of blockchain for enhancing identity verification and data privacy, the need for continuous support and tailored services escalates. This trend underscores the crucial role of service providers in facilitating the widespread adoption and optimization of blockchain identity management systems.
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Growing Concerns Regarding Data Privacy and Security is Enhancing the Market Growth
In today's digital age, the escalating frequency of data breaches and identity thefts has heightened concerns over data privacy and security. In response, both individuals and organizations are actively seeking more secure methods of managing identity information. Blockchain technology emerges as a solution, offering a decentralized and immutable ledger system. By encrypting and distributing data across a network of nodes, blockchain ensures enhanced security and transparency, mitigating the risks of unauthorized access and data manipulation. This technology is particularly valuable in sectors like finance, healthcare, and government, where the protection of sensitive personal information is paramount. According to Blockchain Business Council, in 2022, nearly 200 cryptocurrency or blockchain hacks were identified, resulting in losses of over US$3.8 billion. The demand for blockchain-based identity management solutions is thus being driven by the urgent need for robust data protection measures. As organizations prioritize safeguarding sensitive data, blockchain technology stands out as a reliable and efficient solution to address these pressing security challenges.
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Interoperability and Standardization
One of the major challenges facing the Blockchain Identity Management Market is the lack of interoperability and standardization across different blockchain platforms and identity systems. The proliferation of diverse blockchain protocols and identity management solutions often leads to fragmentation and compatibility issues. Without universally accepted standards and protocols for identity verification and data exchange, integrating blockchain-based identity management systems with existing infrastructure becomes complex and costly. Interoperability challenges hinder seamless data sharing and interoperable identity verification across various platforms and networks, limiting the scalability and adoption of blockchain identity solutions. Overcoming this challenge requires concerted efforts from industry stakeholders to develop interoperable standards and protocols that facilitate seamless integration and data interoperability among different blockchain platforms and identity systems.
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Key Market Players:
Product launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Blockchain Identity Management Market. The top 10 companies in this industry are listed below:
- AWS
- IBM
- Oracle
- Microsoft
- Bitfury
- Bitnation
- Blockverify
- BTL Group
- Cambridge Blockchain
- Civic Technologies
Scope of the Report:
| Report Metric | Details |
|---|---|
|
Base Year Considered |
2023 |
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Forecast Period |
2024–2030 |
|
CAGR |
81.2% |
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Market Size in 2030 |
$ 133.6 million |
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Segments Covered |
By Provider, By Offering, By Network, By Organization Size, By Vertical, By Geography |
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Geographies Covered |
North America, South America, Europe, APAC, and Middle East & Africa |
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Key Market Players |
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1. Blockchain Identity Management Market - Overview
1.1. Definitions and Scope
2. Blockchain Identity Management Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of End User
2.3. Key Trends segmented by Geography
3. Blockchain Identity Management Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Blockchain Identity Management Market – Startup companies Scenario Premium
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Blockchain Identity Management Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. Blockchain Identity Management Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes
7. Blockchain Identity Management Market -Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product life cycle
7.4. Suppliers and distributors Market Share
8. Blockchain Identity Management Market – By Provider (Market Size -$Million / $Billion)
8.1. Application Providers
8.2. Middleware Providers
8.3. Infrastructure Providers
9. Blockchain Identity Management Market – By Offering (Market Size -$Million / $Billion)
9.1. Software
9.2. Services
10. Blockchain Identity Management Market – By Network (Market Size -$Million / $Billion)
10.1. Permissioned
10.2. Permission less
11. Blockchain Identity Management Market – By Organization Size (Market Size -$Million / $Billion)
11.1. Large Enterprises
11.2. Small & Medium-Sized Enterprises
12. Blockchain Identity Management Market – By Vertical (Market Size -$Million / $Billion)
12.1. Government
12.2. Healthcare & Life Sciences
12.3. Telecom & IT
12.4. Retail & Ecommerce
12.5. Transport & Logistics
12.6. Real Estate
12.7. Media & Entertainment
12.8. Travel & Hospitality
12.9. Automotive
12.10. Education
12.11. Energy & Utilities
12.12. Others
13. Blockchain Identity Management - By Geography (Market Size -$Million / $Billion)
13.1. North America
13.1.1. U.S.
13.1.2. Canada
13.1.3. Mexico
13.2. Europe
13.2.1. Germany
13.2.2. France
13.2.3. UK
13.2.4. Italy
13.2.5. Spain
13.2.6. Russia
13.2.7. Netherlands
13.2.8. Rest of Europe
13.3. APAC
13.3.1. China
13.3.2. Japan
13.3.3. South Korea
13.3.4. India
13.3.5. Australia and New Zealand
13.3.6. Malaysia
13.3.7. Indonesia
13.3.8. Rest of APAC
13.4. South America
13.4.1. Brazil
13.4.2. Argentina
13.4.3. Chile
13.4.4. Colombia
13.4.5. Rest of South America
13.5. Rest of the World
13.5.1. Middle East
13.5.2. Africa
14. Blockchain Identity Management Market - Entropy
14.1. New product launches
14.2. M&A's, collaborations, JVs and partnerships
15. Blockchain Identity Management Market – Industry / Segment Competition landscape Premium
15.1. Market Share Analysis
15.1.1. Market Share by Country- Top companies
15.1.2. Market Share by Region- Top 10 companies
15.1.3. Market Share by type of Application – Top 10 companies
15.1.4. Market Share by type of Product / Product category- Top 10 companies
15.1.5. Market Share at global level- Top 10 companies
15.1.6. Best Practises for companies
16. Blockchain Identity Management Market – Key Company List by Country Premium
17. Blockchain Identity Management Market Company Analysis
17.1. Market Share, Company Revenue, Products, M&A, Developments
17.2. AWS
17.3. Bitfury
17.4. Bitnation
17.5. Blockverify
17.6. BTL Group
17.7. Cambridge Blockchain
17.8. Civic Technologies
17.9. Coinfirm
17.10. Evernym
17.11. Existenceid
"Financials to the Private Companies would be provided on best-effort basis."
LIST OF TABLES
1.Global Blockchain Identity Management Market By Organization Size Market 2023-2030 ($M)
1.1 Large Enterprises Market 2023-2030 ($M) - Global Industry Research
1.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Global Industry Research
2.Global Blockchain Identity Management Market By Vertical Market 2023-2030 ($M)
2.1 Government Market 2023-2030 ($M) - Global Industry Research
2.2 Healthcare & Life Sciences Market 2023-2030 ($M) - Global Industry Research
2.3 Telecom & IT Market 2023-2030 ($M) - Global Industry Research
2.4 Retail & Ecommerce Market 2023-2030 ($M) - Global Industry Research
2.5 Transport & Logistics Market 2023-2030 ($M) - Global Industry Research
2.6 Real Estate Market 2023-2030 ($M) - Global Industry Research
2.7 Media & Entertainment Market 2023-2030 ($M) - Global Industry Research
2.8 Travel & Hospitality Market 2023-2030 ($M) - Global Industry Research
3.Global Blockchain Identity Management Market By Organization Size Market 2023-2030 (Volume/Units)
3.1 Large Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Small & Medium-Sized Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Blockchain Identity Management Market By Vertical Market 2023-2030 (Volume/Units)
4.1 Government Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Healthcare & Life Sciences Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Telecom & IT Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Retail & Ecommerce Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Transport & Logistics Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Real Estate Market 2023-2030 (Volume/Units) - Global Industry Research
4.7 Media & Entertainment Market 2023-2030 (Volume/Units) - Global Industry Research
4.8 Travel & Hospitality Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Blockchain Identity Management Market By Organization Size Market 2023-2030 ($M)
5.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
5.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
6.North America Blockchain Identity Management Market By Vertical Market 2023-2030 ($M)
6.1 Government Market 2023-2030 ($M) - Regional Industry Research
6.2 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
6.3 Telecom & IT Market 2023-2030 ($M) - Regional Industry Research
6.4 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
6.5 Transport & Logistics Market 2023-2030 ($M) - Regional Industry Research
6.6 Real Estate Market 2023-2030 ($M) - Regional Industry Research
6.7 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
6.8 Travel & Hospitality Market 2023-2030 ($M) - Regional Industry Research
7.South America Blockchain Identity Management Market By Organization Size Market 2023-2030 ($M)
7.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
7.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
8.South America Blockchain Identity Management Market By Vertical Market 2023-2030 ($M)
8.1 Government Market 2023-2030 ($M) - Regional Industry Research
8.2 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
8.3 Telecom & IT Market 2023-2030 ($M) - Regional Industry Research
8.4 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
8.5 Transport & Logistics Market 2023-2030 ($M) - Regional Industry Research
8.6 Real Estate Market 2023-2030 ($M) - Regional Industry Research
8.7 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
8.8 Travel & Hospitality Market 2023-2030 ($M) - Regional Industry Research
9.Europe Blockchain Identity Management Market By Organization Size Market 2023-2030 ($M)
9.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
9.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
10.Europe Blockchain Identity Management Market By Vertical Market 2023-2030 ($M)
10.1 Government Market 2023-2030 ($M) - Regional Industry Research
10.2 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
10.3 Telecom & IT Market 2023-2030 ($M) - Regional Industry Research
10.4 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
10.5 Transport & Logistics Market 2023-2030 ($M) - Regional Industry Research
10.6 Real Estate Market 2023-2030 ($M) - Regional Industry Research
10.7 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
10.8 Travel & Hospitality Market 2023-2030 ($M) - Regional Industry Research
11.APAC Blockchain Identity Management Market By Organization Size Market 2023-2030 ($M)
11.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
11.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
12.APAC Blockchain Identity Management Market By Vertical Market 2023-2030 ($M)
12.1 Government Market 2023-2030 ($M) - Regional Industry Research
12.2 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
12.3 Telecom & IT Market 2023-2030 ($M) - Regional Industry Research
12.4 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
12.5 Transport & Logistics Market 2023-2030 ($M) - Regional Industry Research
12.6 Real Estate Market 2023-2030 ($M) - Regional Industry Research
12.7 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
12.8 Travel & Hospitality Market 2023-2030 ($M) - Regional Industry Research
13.MENA Blockchain Identity Management Market By Organization Size Market 2023-2030 ($M)
13.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
13.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
14.MENA Blockchain Identity Management Market By Vertical Market 2023-2030 ($M)
14.1 Government Market 2023-2030 ($M) - Regional Industry Research
14.2 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
14.3 Telecom & IT Market 2023-2030 ($M) - Regional Industry Research
14.4 Retail & Ecommerce Market 2023-2030 ($M) - Regional Industry Research
14.5 Transport & Logistics Market 2023-2030 ($M) - Regional Industry Research
14.6 Real Estate Market 2023-2030 ($M) - Regional Industry Research
14.7 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
14.8 Travel & Hospitality Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Blockchain Identity Management Market Revenue, 2023-2030 ($M)
2.Canada Blockchain Identity Management Market Revenue, 2023-2030 ($M)
3.Mexico Blockchain Identity Management Market Revenue, 2023-2030 ($M)
4.Brazil Blockchain Identity Management Market Revenue, 2023-2030 ($M)
5.Argentina Blockchain Identity Management Market Revenue, 2023-2030 ($M)
6.Peru Blockchain Identity Management Market Revenue, 2023-2030 ($M)
7.Colombia Blockchain Identity Management Market Revenue, 2023-2030 ($M)
8.Chile Blockchain Identity Management Market Revenue, 2023-2030 ($M)
9.Rest of South America Blockchain Identity Management Market Revenue, 2023-2030 ($M)
10.UK Blockchain Identity Management Market Revenue, 2023-2030 ($M)
11.Germany Blockchain Identity Management Market Revenue, 2023-2030 ($M)
12.France Blockchain Identity Management Market Revenue, 2023-2030 ($M)
13.Italy Blockchain Identity Management Market Revenue, 2023-2030 ($M)
14.Spain Blockchain Identity Management Market Revenue, 2023-2030 ($M)
15.Rest of Europe Blockchain Identity Management Market Revenue, 2023-2030 ($M)
16.China Blockchain Identity Management Market Revenue, 2023-2030 ($M)
17.India Blockchain Identity Management Market Revenue, 2023-2030 ($M)
18.Japan Blockchain Identity Management Market Revenue, 2023-2030 ($M)
19.South Korea Blockchain Identity Management Market Revenue, 2023-2030 ($M)
20.South Africa Blockchain Identity Management Market Revenue, 2023-2030 ($M)
21.North America Blockchain Identity Management By Application
22.South America Blockchain Identity Management By Application
23.Europe Blockchain Identity Management By Application
24.APAC Blockchain Identity Management By Application
25.MENA Blockchain Identity Management By Application
26.AWS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Bitfury, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Civic Technologies, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.IBM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.BTL Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Evernym, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Factom, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.KYC-Chain, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Netki, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.ShoCard, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Tradle, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.UniqID, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Key Innovators, Sales /Revenue, 2015-2018 ($Mn/$Bn)
The Blockchain Identity Management Market is projected to grow at 81.2% CAGR during the forecast period 2024-2030.
Blockchain Identity Management Market size is estimated to surpass $133.6 billion by 2030 from $ 2.1 billion in 2023
The leading players in the Blockchain Identity Management Market are AWS, IBM, Oracle, Microsoft, Bitfury, Bitnation and others.
Key trends shaping the Blockchain Identity Management market include increased regulatory scrutiny, growing adoption of decentralized identity (DID) solutions, integration with IoT and AI technologies, enhanced privacy features, and expanding use cases in various industries such as finance and healthcare.
Driving factors in the Blockchain Identity Management market include rising data security concerns, regulatory demands for secure identity solutions, and increasing digital transformation. Opportunities lie in diverse applications across finance, healthcare, and IoT, fostering innovation and enhanced privacy.