The "Blockchain Identity Management Market and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
According to this report, the global blockchain identity management market size was valued at $107 million in 2018, and is projected to reach $11.46 billion by 2026, registering a CAGR of 79.2% from 2019 to 2026.
Blockchain provides various solutions for majority of industries' digital concerns such as, product security & counterfeiting, transparency, transaction speed, supply chain management, compliance management, and others. Blockchain technology originally was developed to serve the public transaction ledger for cryptocurrencies that uses cryptography and distributed databases to record and secure transactions. This characteristic of blockchain provides enhanced security while storing and transmitting data, identifying data & records, open & decentralized ledger, transparent network infrastructure, and low cost of operations benefits. Moreover, according to Cyber Security Statistics in 2017, 16.7 million people became victim to identity fraud globally. In addition, according to Google report on cybersecurity in 2017, during 2016-2017 hackers obtained over 12 million credentials through phishing. Moreover, the decentralized feature of blockchain and distributed ledgers provide people further control over their data along with enhanced security. In addition, blockchain allows to validate the original identity of an entity or a legal person, which could be a valuable asset for several industries and further creates trust in the digital environment.
The factors such as increase in need to establish trust and transactions transparency between parties is the key factor that drives the market growth for blockchain identity management industry. In addition, rise in demand for privacy & security solutions among enterprises is also fueling the market demand. Moreover, increase in proliferation of E-Commerce further boost the market growth. However, lack of awareness regarding blockchain technology is expected to impede the market growth during the forecast period. Furthermore, growth in government initiatives for blockchain technology development in developed as well as developing countries is anticipated to be opportunistic for the market growth. In addition, rise in demand for increased scalability & transaction speed is expected to provide major growth opportunities for blockchain identity management market in upcoming years.
KEY BENEFITS
- The report provides an in-depth analysis of the global blockchain identity management market, outlining current trends, key driving factors, and potential areas for product investments.
- The key players are analyzed with respect to their primary offerings, recent investments, and future development strategies.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the global blockchain identity management market from 2018 to 2026 is provided to determine the market potential.
Key Topics Covered:
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Key Market Players
1.5. Research Methodology
1.5.1. Secondary Research
1.5.2. Primary Research
1.5.3. Analyst Tools & Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping Global Blockchain Identity Management Market
3.3. Impact Of Government Regulations On Global Blockchain Identity Management Market
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Increased Transactions Transparency
3.4.1.2. Increase In Need To Ensure Quality, Reliability, Authenticity, And Product Safety
3.4.1.3. Increase In Investment By Retail Industries In Blockchain-Based Solutions
3.4.2. Restraints
3.4.2.1. Scarcity Of Skilled Experts
3.4.3. Opportunities
3.4.3.1. Quickly Changing Retail Sector And International Trade
3.5. Evolution Of Blockchain Technology
3.6. Patent Analysis
3.6.1. By Region, 2004-2018
3.6.2. By Applicant
Chapter 4: Blockchain Identity Management Market, By Component
4.1. Overview
4.2. Platform
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country
4.3. Services
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis, By Country
Chapter 5: Smart Space Market, By Application
5.1. Overview
5.2. Loyalty And Rewards Management
5.3. Identity Management
5.4. Supply Chain Management
5.5. Payments And Smart Contracts
5.6. Compliance Management
5.7. Others
Chapter 6: Blockchain Identity Management Market, By Organization Size
6.1. Overview
6.2. Large Enterprises
6.3. Small And Medium Enterprises (Smes)
Chapter 7: Global Blockchain Identity Management Market, By Region
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA
Chapter 8: Competitive Landscape
8.1. Competitive Dashboard
8.2. Key Developments
8.3. Top Winning Strategies
Chapter 9: Company Profile
9.1. Amazon Web Services, Inc.
9.2. Auxesis Services & Technologies (P) Ltd.
9.3. Bitfury Group Limited
9.4. Cognizant
9.5. Infosys Limited
9.6. International Business Machines Corporation
9.7. Microsoft Corporation
9.8. Oracle Corporation
9.9. Sap Se
9.10. Tata Consultancy Services Limited
For more information about this report visit https://www.researchandmarkets.com/r/tgvd76
View source version on businesswire.com: https://www.businesswire.com/news/home/20200225005688/en/
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
