Blockchain Identity Management Market Research Report – Forecast to 2027

Blockchain Identity Management Market Research Report, Component (Software, Solution), Provider (Application, Middleware, Infrastructure), Organization Size (Large Enterprises, SMEs), Vertical (BFSI, Telecom & IT, Government) — Global Forecast till 2027

ID: MRFR/ICT/4738-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market synopsis


Blockchain identity management is an identity management tool that comprises a blockchain based digital verification and authentication process. The blockchain identity management tool stores and encrypts data on the user’s mobile devices, rather than in a central database. Blockchain technology uses cryptography to store and link data blocks through virtual networks. Every block of information contains a complete and accurate record of every transaction which once verified cannot be altered. There are two main types of blockchain, public and private. In public blockchain, computers are connected to the public internet that allows the participation of any other computer connected in the same network. On the other hand, the privates blockchain allows only known enterprise devices to join the network. Private blockchain is more secure as it uses the participant’s identity to confirm membership and know with whom they are sharing the data.


The key players in the blockchain identity management market are IBM (U.S.), AWS (U.S.), Civic Technologies (U.S.), KYC-Chain (Hong Kong), Bitfury (U.S.), Evernym (U.S.) and others. IBM is one of the prominent players in blockchain identity management market. The company has associated with other digital identity leaders to design and implement global standards to provide decentralized, point-to-point exchange of information about people, organizations or things enabled by blockchain. Civic Technologies is also one of the prominent players in the market. Its visionary blockchain identity verification technology enables consumers to authorize the use of user’s identities in real time. It is heading towards the development of an ecosystem that will design on-demand, secure, low-cost access to identity-verification services through blockchain.


Blockchain technology in identity management helps in integration and verification of the users more accurately. Self-sovereign identification and rising security concerns associated with existing models are the major factors responsible for driving the blockchain identity management market. Use of blockchain technology for identity management simplifies the KYC processes for BFSI organizations as well as ensure the protection of the user's personal information. Using blockchain as an identity management solution enables the users to take over the control of their data and centralize it. However, lack of common set of regulatory standards and uncertain regulatory landscape and concerns regarding the authenticity of the users is hindering the market growth. In the coming future, blockchain will be able to compile the data at one location, whenever the data is put online.


Blockchain Identity Management Market


 Blockchain Identity Management Market


Source: MRFR Analysis


Segmentation.


By provider, the market is segmented into application providers, middleware providers, and infrastructure providers.


By organization size, the market is segmented into large enterprises and small and medium-sized enterprises.


By industry verticals, the market is segmented into BFSI, government, healthcare & life sciences, telecom and it, retail & e-commerce, transport & logistics, real estate, media & entertainment, travel & hospitality, and others.


Regional analysis


The global market for blockchain identity management is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of blockchain identity management market is studied for North America, Europe, Asia Pacific, and the Rest of the World.


North America is estimated to hold the largest market size owing to significant advancements in technology and infrastructure. The main factor driving the blockchain identity management market in this region is the strong presence of key industry players offering blockchain identity management solutions. Recognizing the potential of this technology, the U.S. government has started delivering public services to develop business applications. Also, Canada Federal government has started exploring the blockchain technology to boost the growth of their economy. Asia Pacific is expected to dominate the blockchain identity management market due to the increase in venture capital funding, number of startups and government’s increasing focus on regulating the blockchain technology identity management.


Key players


The prominent players in the market of Blockchain Identity Management are,  IBM (U.S.), AWS (U.S.), Civic Technologies (U.S.), KYC-Chain (Hong Kong), Bitfury (U.S.), Evernym (U.S.), Factom (U.S.), Netki (U.S.), ShoCard (U.S.), UniquID (U.S.). Other players in the market include Microsoft (US), Oracle (US), Bitnation (Switzerland), Nodalblock (Spain), EdgeSecure (U.S.), Blockverify (U.K), Peer Ledger (Canada), Cambridge Blockchain (US), uPort (U.S.), Originalmy (Brazil), Neuroware (Malaysia), Tradle (U.S.), Existenceid (Australia), Coinfirm (Poland), and BTL Group (Canada).


Intended Audience



  • Regulatory bodies

  • Blockchain technology solution vendors

  • Independent Software Vendors (ISVs)

  • Consulting firms

  • VARs

  • Investors and consultants

  • Research/Consultancy Firms



Frequently Asked Questions (FAQ) :


The global blockchain identity management market is poised to record a market value of USD 19.3 Billion by 2023.

The global blockchain identity management market is maturing at a whopping 85% CAGR over the review period of 2017 to 2023.

A few significant players of the global blockchain identity management market are IBM (U.S.), Civic Technologies (U.S.), AWS (U.S.), KYC-Chain (Hong Kong), Evernym (U.S.), Bitfury (U.S.), and others.

The SMEs segment is expected to drive market growth over the review period.

The BFSI segment is likely to witness the highest demand in the blockchain identity management market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.1.5 Bargaining power of suppliers

4.2 Value Chain/Supply Chain of Blockchain Identity Management Market

5 Industry Overview of Blockchain Identity Management Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7 Blockchain Identity Management Market by Provider

7.1 Introduction

7.2 Application providers

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast by Region, 2020–2027

7.3 Middleware providers

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast by Region, 2020–2027

7.4 Infrastructure providers

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast by Region, 2020–2027

8 Blockchain Identity Management Market by Organization Size

8.1 Introduction

8.2 Large Enterprises and Small

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast by Region, 2020–2027

8.3 Medium-sized Enterprises

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast by Region, 2020–2027

9 Blockchain Identity Management Market by Verticals

9.1 Introduction

9.2 BFSI

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast by Region, 2020–2027

9.3 Government

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast by Region, 2020–2027

9.4 Healthcare & Life Sciences

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast by Region, 2020–2027

9.5 Telecom and IT

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast by Region, 2020–2027

9.6 Retail & E-commerce

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast by Region, 2020–2027

9.7 Transport & Logistics

9.7.1 Market Estimates & Forecast, 2020–2027

9.7.2 Market Estimates & Forecast by Region, 2020–2027

9.8 Real Estate

9.8.1 Market Estimates & Forecast, 2020–2027

9.8.2 Market Estimates & Forecast by Region, 2020–2027

9.9 Media & Entertainment

9.9.1 Market Estimates & Forecast, 2020–2027

9.9.2 Market Estimates & Forecast by Region, 2020–2027

9.10 Travel & Hospitality

9.10.1 Market Estimates & Forecast, 2020–2027

9.10.2 Market Estimates & Forecast by Region, 2020–2027

9.11 Others

9.11.1 Market Estimates & Forecast, 2020–2027

9.11.2 Market Estimates & Forecast by Region, 2020–2027

10 Blockchain Identity Management Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast by Country, 2020–2027

10.2.2 Market Estimates & Forecast by Provider, 2020–2027

10.2.3 Market Estimates & Forecast by Organization Size, 2020–2027

10.2.4 Market Estimates & Forecast by Verticals, 2020–2027

10.2.5 U.S.

10.2.5.1 Market Estimates & Forecast by Provider, 2020–2027

10.2.5.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.2.5.3 Market Estimates & Forecast by Verticals, 2020–2027

10.2.6 Canada

10.2.6.1 Market Estimates & Forecast by Provider, 2020–2027

10.2.6.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.2.6.3 Market Estimates & Forecast by Verticals, 2020–2027

10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast by Provider, 2020–2027

10.2.7.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.2.7.3 Market Estimates & Forecast by Verticals, 2020–2027

10.3 Europe

10.3.1 Market Estimates & Forecast by Country, 2020–2027

10.3.2 Market Estimates & Forecast by Provider, 2020–2027

10.3.3 Market Estimates & Forecast by Organization Size, 2020–2027

10.3.4 Market Estimates & Forecast by Verticals, 2020–2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast by Provider, 2020–2027

10.3.5.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.3.5.3 Market Estimates & Forecast by Verticals, 2020–2027

10.3.6 France

10.3.6.1 Market Estimates & Forecast by Provider, 2020–2027

10.3.6.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.3.6.3 Market Estimates & Forecast by Verticals, 2020–2027

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast by Provider, 2020–2027

10.3.7.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.3.7.3 Market Estimates & Forecast by Verticals, 2020–2027

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast by Provider, 2020–2027

10.3.8.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.3.8.3 Market Estimates & Forecast by Verticals, 2020–2027

10.3.9 U.K

10.3.9.1 Market Estimates & Forecast by Provider, 2020–2027

10.3.9.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.3.9.3 Market Estimates & Forecast by Verticals, 2020–2027

10.4 Asia Pacific

10.4.1 Market Estimates & Forecast by Country, 2020–2027

10.4.2 Market Estimates & Forecast by Provider, 2020–2027

10.4.3 Market Estimates & Forecast by Organization Size, 2020–2027

10.4.4 Market Estimates & Forecast by Verticals, 2020–2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast by Provider, 2020–2027

10.4.5.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.4.5.3 Market Estimates & Forecast by Verticals, 2020–2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast by Provider, 2020–2027

10.4.6.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.4.6.3 Market Estimates & Forecast by Verticals, 2020–2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast by Provider, 2020–2027

10.4.7.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.4.7.3 Market Estimates & Forecast by Verticals, 2020–2027

10.4.8 Rest of Asia Pacific

10.4.8.1 Market Estimates & Forecast by Provider, 2020–2027

10.4.8.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.4.8.3 Market Estimates & Forecast by Verticals, 2020–2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast by Country, 2020–2027

10.5.2 Market Estimates & Forecast by Provider, 2020–2027

10.5.3 Market Estimates & Forecast by Organization Size, 2020–2027

10.5.4 Market Estimates & Forecast by Verticals, 2020–2027

10.5.5 The Middle East & Africa

10.5.5.1 Market Estimates & Forecast by Provider, 2020–2027

10.5.5.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.5.5.3 Market Estimates & Forecast by Verticals, 2020–2027

10.5.6 Latin America

10.5.6.1 Market Estimates & Forecast by Provider, 2020–2027

10.5.6.2 Market Estimates & Forecast by Organization Size, 2020–2027

10.5.6.3 Market Estimates & Forecast by Verticals, 2020–2027

11. Company Landscape

12. Company Profiles

12.1 IBM (U.S.)

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 AWS (U.S.)

12.2.1 Company Overviews

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Civic Technologies (U.S.)

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 KYC-Chain (Hong Kong)

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Bitfury (U.S.)

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Evernym (U.S.)

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 Factom (U.S.)

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Netki (U.S.)

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 ShoCard (U.S.)

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 UniquID (U.S.)

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

13 Conclusion

List of Tables

Table 1 Blockchain Identity Management Market: By Region, 2020–2027

Table 2 North America Blockchain Identity Management Market: By Country, 2020–2027

Table 3 Europe Blockchain Identity Management Market: By Country, 2020–2027

Table 4 Asia Pacific Blockchain Identity Management Market: By Country, 2020–2027

Table 5 Global Blockchain Identity Management by Organization Size Market: By Regions, 2020–2027

Table 6 North America Blockchain Identity Management by Organization Size Market: By Country, 2020–2027

Table 7 Europe Blockchain Identity Management by Organization Size Market: By Country, 2020–2027

Table 8 Asia Pacific Blockchain Identity Management by Organization Size Market: By Country, 2020–2027

Table 9 The Middle East & Africa Blockchain Identity Management by Organization Size Market: By Country, 2020–2027

Table 10 Latin America Blockchain Identity Management by Organization Size Market: By Country, 2020–2027

Table 11 Global Blockchain Identity Management by Verticals Market: By Regions, 2020–2027

Table 12 North America Blockchain Identity Management by Verticals Market: By Country, 2020–2027

Table 13 Europe Blockchain Identity Management by Verticals Market: By Country, 2020–2027

Table 14 Asia Pacific Blockchain Identity Management by Verticals Market: By Country, 2020–2027

Table 15 The Middle East & Africa Blockchain Identity Management by Verticals Market: By Country, 2020–2027

Table 16 Latin America Blockchain Identity Management by Verticals Market: By Country, 2020–2027

Table 17 Global Services Market: By Region, 2020–2027

Table 18 North America Blockchain Identity Management Market, By Country

Table 19 North America Blockchain Identity Management Market, By Organization Size

Table 20 North America Blockchain Identity Management Market, By Verticals

Table 21 Europe: Blockchain Identity Management Market, By Country

Table 22 Europe: Blockchain Identity Management Market, By Organization Size

Table 23 Europe: Blockchain Identity Management Market, By Verticals






LIST OF FIGURES

FIGURE 1 Global Blockchain Identity Management Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Blockchain Identity Management Market

FIGURE 4 Value Chain of Global Blockchain Identity Management Market

FIGURE 5 Share of Blockchain Identity Management Market in 2020, by country (in %)

FIGURE 6 Global Blockchain Identity Management Market, 2020–2027,

FIGURE 7 Global Blockchain Identity Management Market size by Organization Size, 2020

FIGURE 8 Share of Global Blockchain Identity Management Market by Organization Size, 2020 TO 2027

FIGURE 9 Global Blockchain Identity Management Market size by Verticals, 2020

FIGURE 10 Share of Global Blockchain Identity Management Market by Verticals, 2020 TO 2027