Blockchain Identity Management Market | Discover Top Trends and Drivers
Recovery and Growth Insights for 2021-2025

Accelerating at a CAGR of almost 71%, the blockchain identity management market is expected to grow by post an incremental growth of $ 3.58 bn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.


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Blockchain Identity Management Market: Market Segments and Key Trends

The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by End-user (BFSI, Government, Healthcare, and Others), Application (End-point, Network, and Infrastructure), and Geography (North America, Europe, APAC, South America, and MEA). 35% of the market growth will originate from North America during the forecast period. However, high price of application software is one of the challenges that will need to be overcome to drive growth.

Blockchain Identity Management Market: Top Drivers to Boost Demand

The rising demand for digitalization is one of the primary factors that will drive the growth of the blockchain identity management market. The report provides a detailed study of this and all the other drivers that are likely to boost the market growth. For a deeper understanding of this market request our FREE Sample Report. Our analysis will help the client to prepare for recovery and growth post the havoc caused by the pandemic.

Blockchain Identity Management Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Blockchain Identity Management Market: Vendor Analysis

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, Amazon.com Inc., Bitfury Group Ltd., BLOCKCHAINS LLC, Broadcom Inc., Civic Technologies Inc., International Business Machines Corp., Oracle Corp., SAP SE, and SecureKey Technologies Inc. are some of the major market participants.

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Blockchain Identity Management Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive blockchain identity management market growth during the next five years
  • Precise estimation of the blockchain identity management market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the blockchain identity management market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of blockchain identity management market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 71%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 3.58 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    rising demand for digitalization will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    35% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Accenture Plc, Amazon.com Inc., Bitfury Group Ltd., BLOCKCHAINS LLC, Broadcom Inc., Civic Technologies Inc., International Business Machines Corp., Oracle Corp., SAP SE, and SecureKey Technologies Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (BFSI, Government, Healthcare, and Others), Application (End-point, Network, and Infrastructure), and Geography (North America, Europe, APAC, South America, and MEA)

Blockchain Identity Management Market Size to Grow by $ 3.58 bn through 2021-2025

The blockchain identity management market is expected to grow by $ 3.58 bn, accelerating at a CAGR of almost 70.80% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Blockchain Identity Management Market: Segmentation by End-user

This report provides a detailed analysis of the market by End-user (BFSI, Government, Healthcare, and Others), Application (End-point, Network, and Infrastructure), and Geography (North America, Europe, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Blockchain Identity Management Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Blockchain Identity Management Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, Amazon.com Inc., Bitfury Group Ltd., BLOCKCHAINS LLC, Broadcom Inc., Civic Technologies Inc., International Business Machines Corp., Oracle Corp., SAP SE, and SecureKey Technologies Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.

 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 70.80%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 3.58 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Proliferation of online services and cloud applications will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    35% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Accenture Plc, Amazon.com Inc., Bitfury Group Ltd., BLOCKCHAINS LLC, Broadcom Inc., Civic Technologies Inc., International Business Machines Corp., Oracle Corp., SAP SE, and SecureKey Technologies Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by End-user (BFSI, Government, Healthcare, and Others), Application (End-point, Network, and Infrastructure), and Geography (North America, Europe, APAC, South America, and MEA)

Blockchain Identity Management Market Size to Grow by USD 4.61 bn During 2020-2024

Technavio has been monitoring the blockchain identity management market and it is expected to grow by USD 4.61 bn, accelerating at a CAGR of almost 82% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Blockchain Identity Management Market: North America to lead market growth during the forecast period

  • 41% of the market growth will originate from North America during the forecast period.
  • Proliferation of online services and cloud applications will be a key trend that will influence market growth significantly.
  • The Rising demand for digitalization will be a significant factor in driving the growth of the blockchain identity management market.

Blockchain Identity Management Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Blockchain Identity Management Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, Amazon Web Services Inc., Bitfury Group Ltd., Broadcom Inc., Cambridge Blockchain Inc., Civic Technologies Inc., International Business Machines Corp., Oracle Corp., SAP SE, and SecureKey Technologies Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Blockchain Identity Management Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive blockchain identity management market growth during the next five years
  • Precise estimation of the blockchain identity management market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the blockchain identity management market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of blockchain identity management market vendors

Technavio has been monitoring the global blockchain identity management market is expected to grow by USD 4.61 billion accelerating at a CAGR of almost 82% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Blockchain Identity Management Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Blockchain Identity Management Market: Trends and Drivers Impacting Growth

The increase in cybersecurity regulations is one of the key trends driving the Blockchain Identity Management Market. Governments across the world are introducing new and updated security rules to help in protecting the privacy of end-users and the online IT ecosystem. This is due to the increase in data thefs across industries over the last few years. Many regulations and standards have come up that restrict what businesses and online services providers can do with private and confidential data. This will propel the demand for blockchain identity management as it provides a range of security advantages that help enterprises prevent data theft.

The rising digitialization has led consumers to use a wide array of Internet-based services and cloud applications. This necessitates consumers to handle different domains, websites, and authentication factors, with an equal number of passwords to be managed simultaneously. Most of the enterprise's passwords have expiration cycles, which increases the time required for resetting and managing various passwords, which affects the productivity of the employees. Blockchain identity management can provide a single sign-on capability across all online platforms, allowing end-users to manage and access all their accounts and applications using a single user identity and authentication factor. Thus, the  proliferation of online services and cloud applications will fuel blockchain identity management market growth.

North America was the largest Blockchain Identity Management Market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increased focus on personal privacy, IT security compliance and governance regulations, and the adoption of cloud-based IT security solutions and services will significantly drive blockchain identity management market growth in this region.

Blockchain Identity Management Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, Amazon Web Services Inc. and Bitfury Group Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

 

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