The blockchain identity management market is anticipated to grow at a CAGR during the forecast period. The factor such as a rise in the need to establish transaction transparency between parties is the major factor that fuels the market growth for the blockchain identity management industry. Blockchain identity management offers real-time information regarding the particular person that allows industries such as retail, healthcare, and banks among others to verify their identity for any kind of identification. Moreover, blockchain assures the safety and authenticity of the user’s data along with its cryptographic security. Therefore, these factors are anticipated to propel the market across the industries. Additionally, an increase in demand for privacy and security solutions in enterprises and a rise in the proliferation of e-commerce is anticipated to boost the growth of the market.
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Blockchain technology enables in creating a platform for the protection of individual identity against potentially fraudulent activities. As well as it aids the individual to create digital encrypted identities along with comprehensive security functionality. However, lack of awareness regarding blockchain technology is anticipated to hamper the growth of the market over the forecast period. Furthermore, an increase in demand for scalability and transaction speed is anticipated to offer key growth opportunities for the blockchain identity management market in the near future. The increase in government initiatives for the development of blockchain technology is growing and also in developed countries are expected to have the opportunity for market growth.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Blockchain Identity Management Market- Segmentation
By Provider
- Infrastructure Providers
- Middleware Providers
- Application Providers
By End-Users
- BFSI
- Government
- Automotive & Transportation
- Retail and E-commerce
- Healthcare
- others
Global Blockchain Identity Management Market – Segment by Region
North America
- The US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East Africa
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global blockchain identity management market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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