Market Overview

Global Blockchain Identity Management Market 2018-2022 to Post a CAGR of 81% | Technavio

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Technavio
analysts forecast the global blockchain identity management market to
register a CAGR of over 81%, according to their latest market research
report. However, the growth momentum of the market is expected to
decelerate due to a decline in the year-on-year growth.

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Technavio has published a new market research report on the global blockchain identity management ma ...

Technavio has published a new market research report on the global blockchain identity management market from 2018-2022. (Graphic: Business Wire)

The growth of quantum computing is one of the major trends being
witnessed in the global
blockchain identity management market 2018-2022
. Quantum
computing refers to the use of quantum-mechanical phenomena, such as
superposition and quantum entanglement for data processing and
computation purposes. Instead of bits, which conventional computers use
for data processing, quantum computers use qubits. These qubits can
store a considerably large amount of data and perform exponentially fast
computing while using less energy. Currently, a few organizations are
developing quantum-based block-chain solutions. Moreover, these systems
will allow for a more future-proof block-chain technology, which would
maintain data security for end-users and be impossible to hack. Thus,
these advantages are expected to lead the overall market towards a
positive outlook during the forecast period.

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only:
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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global blockchain identity management market is the
proliferation of online services and cloud applications:

Global blockchain identity management market:
proliferation of online services and cloud applications

Blockchain identity management can provide a single sign-on capability
across all online services and platforms. This will eliminate the
resetting and managing of various password. Blockchain identity
management services allow end-users to manage access to all their
accounts and applications using a single user identity and
authentication factor. This saves the end-user significant time while
accessing their services across multi-domain cloud-based or virtual
applications.

According to a senior analyst at Technavio for research on IT
professional services, "The demand for online security and increase
in cybersecurity regulations are two factors that are expected to boost
the growth of the market in the next five years as several enterprises
would adopt the blockchain application for convenient and efficient
functioning of the organization."

Global blockchain identity management market:
Segmentation analysis

The global blockchain identity management market research report
provides market segmentation by application (end-point, network, and
infrastructure), by end-user (BFSI), and by region (the Americas, EMEA,
and APAC). It provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

The Americas held the largest share of the market in 2017, accounting
for over 41% share, followed by the EMEA and APAC respectively. The US
recorded substantial investment and private funding in the blockchain
identity management and other blockchain-related technologies in the
recent years, which contributed to the high market share of the Americas.

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  • Market characteristics
  • Market segmentation analysis

Market Sizing

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  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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