The Asia Pacific Blockchain Identity Management Market should witness market growth of 81.3% CAGR during the forecast period (2023-2030).
Blockchain's ability to promote interoperability across various identification systems makes it easier for users to switch identities between various platforms and services. This portability, which also does away with the requirement for many accounts, promotes a pleasant user experience. Identity verification processes are made possible by the distributed design of blockchain. Consensus approaches provide instantaneous user verification, streamlining the registration and authentication procedures. Blockchain does away with the requirement for a single, centralized organization to control identification data. Doing this eliminates the need to trust a centralized authority, as is the chance of data manipulation or a single point of failure. The transparency of blockchain enables the auditing of identity-related activities and transactions. This function enhances adherence to data protection rules.
Identity cannot be modified or copied once verified and recorded because of the blockchain's immutability. By preventing identity fraud, this function protects against identity theft. Beyond the banking industry, blockchain identity management has ramifications for the healthcare, supply chain, electoral processes, and government services, all of which call for accurate and secure identification verification.
Distributed ledger technology, including blockchain, is a newly developed technology not constrained to any industry or use. Major world powers are acknowledging that blockchain has the potential to outshine the use of cryptocurrencies and can transform important corporate, government, healthcare, and supply chain processes. China is a significant player in testing blockchain technology and implementing legislative measures, laws, and frameworks to become more competitive globally. The regional market is expected to expand because of the increased adoption of blockchain in the banking industry.
The China market dominated the Asia Pacific Blockchain Identity Management Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,405 million by 2030. The Japan market is exhibiting a CAGR of 80.2% during (2023-2030). Additionally, India's market would experience a CAGR of 82.4% during (2023-2030).
Based on Offering, the market is segmented into Software, and Services. Based on Provider Type, the market is segmented into Application Provider, Middleware Provider, and Infrastructure Provider. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Network, the market is segmented into Permissioned, and Permissionless. Based on Vertical, the market is segmented into BFSI, Government, Healthcare, Automotive & Transportation, Telecom & IT, Retail & Ecommerce, Real Estate & Construction, Media & Entertainment, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Oracle Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), NEC Corporation, Bitfury Group limited, TRM Labs, Inc., Hu-manity.co, Peer Ledger, Inc., and Procivis AG.
Blockchain's ability to promote interoperability across various identification systems makes it easier for users to switch identities between various platforms and services. This portability, which also does away with the requirement for many accounts, promotes a pleasant user experience. Identity verification processes are made possible by the distributed design of blockchain. Consensus approaches provide instantaneous user verification, streamlining the registration and authentication procedures. Blockchain does away with the requirement for a single, centralized organization to control identification data. Doing this eliminates the need to trust a centralized authority, as is the chance of data manipulation or a single point of failure. The transparency of blockchain enables the auditing of identity-related activities and transactions. This function enhances adherence to data protection rules.
Identity cannot be modified or copied once verified and recorded because of the blockchain's immutability. By preventing identity fraud, this function protects against identity theft. Beyond the banking industry, blockchain identity management has ramifications for the healthcare, supply chain, electoral processes, and government services, all of which call for accurate and secure identification verification.
Distributed ledger technology, including blockchain, is a newly developed technology not constrained to any industry or use. Major world powers are acknowledging that blockchain has the potential to outshine the use of cryptocurrencies and can transform important corporate, government, healthcare, and supply chain processes. China is a significant player in testing blockchain technology and implementing legislative measures, laws, and frameworks to become more competitive globally. The regional market is expected to expand because of the increased adoption of blockchain in the banking industry.
The China market dominated the Asia Pacific Blockchain Identity Management Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,405 million by 2030. The Japan market is exhibiting a CAGR of 80.2% during (2023-2030). Additionally, India's market would experience a CAGR of 82.4% during (2023-2030).
Based on Offering, the market is segmented into Software, and Services. Based on Provider Type, the market is segmented into Application Provider, Middleware Provider, and Infrastructure Provider. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Network, the market is segmented into Permissioned, and Permissionless. Based on Vertical, the market is segmented into BFSI, Government, Healthcare, Automotive & Transportation, Telecom & IT, Retail & Ecommerce, Real Estate & Construction, Media & Entertainment, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Oracle Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), NEC Corporation, Bitfury Group limited, TRM Labs, Inc., Hu-manity.co, Peer Ledger, Inc., and Procivis AG.
Scope of the Study
By Offering
- Software
- Services
By Provider Type
- Application Provider
- Middleware Provider
- Infrastructure Provider
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Network
- Permissioned
- Permissionless
By Vertical
- BFSI
- Government
- Healthcare
- Automotive & Transportation
- Telecom & IT
- Retail & Ecommerce
- Real Estate & Construction
- Media & Entertainment
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- IBM Corporation
- Oracle Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NEC Corporation
- Bitfury Group limited
- TRM Labs, Inc.
- Hu-manity.co
- Peer Ledger, Inc.
- Procivis AG
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Blockchain Identity Management Market by Offering
Chapter 6. Asia Pacific Blockchain Identity Management Market by Provider Type
Chapter 7. Asia Pacific Blockchain Identity Management Market by Organization Size
Chapter 8. Asia Pacific Blockchain Identity Management Market by Network
Chapter 9. Asia Pacific Blockchain Identity Management Market by Vertical
Chapter 10. Asia Pacific Blockchain Identity Management Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Microsoft Corporation
- IBM Corporation
- Oracle Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NEC Corporation
- Bitfury Group limited
- TRM Labs, Inc.
- Hu-manity.co
- Peer Ledger, Inc.
- Procivis AG
Methodology
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