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Report
Blockchain Identity Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 142 Pages I IMARC Group
Market Overview:
The global blockchain identity management market size reached US$ 797.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 36,591.4 Million by 2028, exhibiting a growth rate (CAGR) of 84% during 2023-2028.
Blockchain identity management is a process of providing a decentralized and secure solution that offers real-time information about a person or an entity via a distributed trust paradigm. It enables decentralized public key infrastructure (DPKI), which creates a tamper-proof and trusted medium to distribute the asymmetric verification and encryption keys of the identity holders. It simplifies processes for users by reducing the time and manual efforts required for issuing identities. Apart from this, it ensures the security, reliability, and authenticity of the data of users with its cryptographic security. As a result, it finds extensive applications in the banking, financial services, and insurance (BFSI), government, healthcare, automotive, transportation, retail, information and technology (IT), and telecom sectors.
Blockchain Identity Management Market Trends:
At present, there is a surge in cyber-attacks and data breaches to steal confidential data of private companies and government organizations across the globe. This, along with the growing demand for effective identity management models in various organizations to help in regulatory compliance and keep track of employee activities, represents one of the key factors driving the market. Moreover, the escalating demand for self-sovereign identification technology in various industries to store minimum personal data of users while also increasing the efficiency of the identification process is propelling the market growth. In addition, the rising utilization of blockchain identity management for building trust and transaction transparency between two or more businesses to ensure the authenticity of the data is positively influencing the market. Additionally, governments of several countries are taking initiatives to promote the employment of blockchain identity management for enhanced scalability and transaction speed. Other growth-inducing factors are the growing sales of smartphones, especially in developing economies, and the increasing proliferation of the internet worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global blockchain identity management market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, provider, organization size and industry vertical.
Breakup by Component:
Platform
Services
Breakup by Provider:
Application Providers
Middleware Providers
Infrastructure Providers
Breakup by Organization Size:
Large Enterprises
Small and Medium-sized Enterprises (SMEs)
Breakup by Industry Vertical:
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
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc.), Bitfury Group Limited, Blockchains Inc., Civic Technologies Inc., Cognizant, Evernym Inc. (Avast Software s.r.o.), Infosys Limited, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation and Tata Consultancy Services Limited (Tata Group).
Key Questions Answered in This Report:
How has the global blockchain identity management market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global blockchain identity management market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the provider?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the industry vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global blockchain identity management market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Blockchain Identity Management Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Platform
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Provider
7.1 Application Providers
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Middleware Providers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Infrastructure Providers
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Organization Size
8.1 Large Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Small and Medium-sized Enterprises (SMEs)
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Industry Vertical
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Government
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Healthcare and Life Sciences
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Telecom and IT
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Retail and E-Commerce
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Transport and Logistics
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Real Estate
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Media and Entertainment
9.8.1 Market Trends
9.8.2 Market Forecast
9.9 Travel and Hospitality
9.9.1 Market Trends
9.9.2 Market Forecast
9.10 Others
9.10.1 Market Trends
9.10.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Amazon Web Services Inc. (Amazon.com Inc.)
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Bitfury Group Limited
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Blockchains Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Civic Technologies Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Cognizant
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Evernym Inc. (Avast Software s.r.o.)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Infosys Limited
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 International Business Machines Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Microsoft Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Oracle Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Tata Consultancy Services Limited (Tata Group)
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
Figure 1: Global: Blockchain Identity Management Market: Major Drivers and Challenges
Figure 2: Global: Blockchain Identity Management Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Blockchain Identity Management Market: Breakup by Component (in %), 2022
Figure 5: Global: Blockchain Identity Management Market: Breakup by Provider (in %), 2022
Figure 6: Global: Blockchain Identity Management Market: Breakup by Organization Size (in %), 2022
Figure 7: Global: Blockchain Identity Management Market: Breakup by Industry Vertical (in %), 2022
Figure 8: Global: Blockchain Identity Management Market: Breakup by Region (in %), 2022
Figure 9: Global: Blockchain Identity Management (Platform) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Blockchain Identity Management (Platform) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Blockchain Identity Management (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Blockchain Identity Management (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Blockchain Identity Management (Application Providers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Blockchain Identity Management (Application Providers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Blockchain Identity Management (Middleware Providers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Blockchain Identity Management (Middleware Providers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Blockchain Identity Management (Infrastructure Providers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Blockchain Identity Management (Infrastructure Providers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Blockchain Identity Management (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Blockchain Identity Management (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Blockchain Identity Management (Small and Medium-sized Enterprises-SMEs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Blockchain Identity Management (Small and Medium-sized Enterprises-SMEs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Blockchain Identity Management (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Blockchain Identity Management (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Blockchain Identity Management (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Blockchain Identity Management (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Blockchain Identity Management (Healthcare and Life Sciences) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Blockchain Identity Management (Healthcare and Life Sciences) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Blockchain Identity Management (Telecom and IT) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Blockchain Identity Management (Telecom and IT) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Blockchain Identity Management (Retail and E-Commerce) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Blockchain Identity Management (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Blockchain Identity Management (Transport and Logistics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Blockchain Identity Management (Transport and Logistics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Blockchain Identity Management (Real Estate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Blockchain Identity Management (Real Estate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Blockchain Identity Management (Media and Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Blockchain Identity Management (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Blockchain Identity Management (Travel and Hospitality) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Blockchain Identity Management (Travel and Hospitality) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Blockchain Identity Management (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Blockchain Identity Management (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: North America: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: North America: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: United States: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: United States: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Canada: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Canada: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Asia-Pacific: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Asia-Pacific: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: China: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: China: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Japan: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Japan: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: India: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: India: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: South Korea: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: South Korea: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Australia: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Australia: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Indonesia: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Indonesia: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Europe: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Europe: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Germany: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Germany: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: France: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: France: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: United Kingdom: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: United Kingdom: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Italy: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Italy: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Spain: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Spain: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Russia: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Russia: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Latin America: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Latin America: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Brazil: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Brazil: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Mexico: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Mexico: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Others: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Others: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Middle East and Africa: Blockchain Identity Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Middle East and Africa: Blockchain Identity Management Market: Breakup by Country (in %), 2022
Figure 91: Middle East and Africa: Blockchain Identity Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Global: Blockchain Identity Management Industry: SWOT Analysis
Figure 93: Global: Blockchain Identity Management Industry: Value Chain Analysis
Figure 94: Global: Blockchain Identity Management Industry: Porter's Five Forces Analysis
Table 1: Global: Blockchain Identity Management Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Blockchain Identity Management Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Blockchain Identity Management Market Forecast: Breakup by Provider (in Million US$), 2023-2028
Table 4: Global: Blockchain Identity Management Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 5: Global: Blockchain Identity Management Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 6: Global: Blockchain Identity Management Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Blockchain Identity Management Market: Competitive Structure
Table 8: Global: Blockchain Identity Management Market: Key Players
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