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Global Blockchain Identity Management Market by Offering (Software and Services), Provider Type (Application Provider, Middleware Provider, and Infrastructure Provider), Network, Organization Size, Vertical and Region - Forecast to 2028

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    Report

  • 258 Pages
  • August 2023
  • Region: Global
  • Markets and Markets
  • ID: 4557849
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Increasing Global Security Concerns to Drive Demand for Blockchain Identity Solutions Across Various Verticals

The global blockchain identity management market size is projected to grow from USD 1.3 billion in 2023 to USD 35.1 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 92.7% during the forecast period. The blockchain identity management market is expected to experience significant growth due to rising concerns over security in centralized identity systems. As hackers increasingly target traditional identity management systems for valuable data, industries are turning to blockchain identity management solutions to enhance security, driving the expansion of the market.

Furthermore, verticals, such as Real Estate and Construction, healthcare, BFSI, and retail and eCommerce, are driving demand for blockchain-based identity solutions, benefiting from enhanced efficiency and data integrity provided by decentralized and immutable systems. These factors indicate promising substantial growth in the demand for blockchain identity management solutions in the foreseeable future.

By vertical, the BFSI segment accounts for a larger market share

The BFSI holds the largest market share in the blockchain identity management market for various reasons. It relies on blockchain for secure and compliant identity management by ensuring tamper-proof storage and management of identity data. Additionally, the sector benefits from blockchain automation, which enhances efficiency and cost-effectiveness in identity management. Moreover, blockchain improves the customer experience by enabling a secure single identity across multiple financial institutions. The BFSI's proactive investment in blockchain innovation further cements its dominant market share and promising growth prospects.

By network, the permission segment accounts for a larger market share

  • Permissioned blockchain network is gaining traction across the blockchain identity management market for the following reasons:
  • Security: Permissioned blockchains offer higher security compared to permissionless blockchains due to their inherent access control layer, ensuring only authorized users can participate in the network. This makes them particularly suitable for security-critical applications like identity management.
  • Scalability: Permissioned blockchains are more scalable than permissionless ones as they handle fewer transactions, making them well-suited for applications requiring a high transaction volume, such as identity management.
  • Control: Permissioned blockchains provide organizations with greater control over their data compared to permissionless blockchains. Organizations can determine data access and usage, making them a preferred option for those prioritizing data privacy and security.

By region, Asia Pacific is to grow at the highest CAGR during the forecast period

The Asia Pacific region's fast-growing population and focus on digital transformation have led to a high demand for secure identity verification solutions. Governments in the region are actively exploring blockchain technology, supported by favourable regulations and increasing internet access. It has driven adoption across finance, trade, and government services. Moreover, the rising awareness of cybersecurity risks and the importance of data privacy have further accelerated the adoption of blockchain-based identity management solutions in the region, making it the fastest-growing market for such technologies.

Breakdown of primaries

The study contains various industry experts’ insights, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 - 25%, Tier 2 - 40%, and Tier 3 - 35%
  • By Designation: C-level - 30%, Directors - 35%, and Managers - 35%
  • By Region: North America - 15%, Europe - 25%, Asia Pacific - 30%, Middle East & Africa - 20%, Latin America - 10%

Major vendors in the global blockchain identity management market include AWS (US), IBM (US), Oracle (US), Microsoft (US), Bitfury (US), NEC (Japan), Dock (Switzerland), and Hu-manity.co (US), Metadium (Cayman Islands), Serto (US), Coinfirm (UK), Accumulate (US), Neuroware (Malaysia), Tradle (US), Peer Ledger (Canada), Procivis (Switzerland), SpringRole (US), Blockchains (US), Oaro (Canada), Fractal (Germany), NuID (US), Validated ID (Spain), KYC-Chain (Hong Kong), TRM Labs (US) and Factom (US).

The study includes an in-depth competitive analysis of the key players in the blockchain identity management market, their company profiles, recent developments, and key market strategies.

Research Coverage

The report segments the blockchain identity management market and forecasts its size by offering (Software and Services), Provider Type (Application provider, Middleware Provider, and Infrastructure Provider), Organization Size (SMEs and Large Enterprises), Network (Permissioned and Permissionless), Vertical (BFSI, IT and ITeS, Telecom, Government, Real Estate and Construction, Healthcare, Retail and eCommerce, Media and Entertainment, Travel and Hospitality, and other Verticals), and Region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America).

The study also includes an in-depth competitive analysis of the market’s key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall blockchain identity management market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (increasing global security concerns drive the demand for blockchain identity solutions across verticals and rise of digital identity ecosystem and blockchain gaming vertical), restraints (issues regarding legitimacy of users and regulatory uncertainty and lack of standard norms), opportunities (widespread implementation of blockchain-based identity solutions and government initiatives leads to the adoption of blockchain technology), and challenges (Limited expertise, technical proficiency, and comprehension of blockchain principles)
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the blockchain identity management market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the blockchain identity management market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the blockchain identity management market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players AWS (US), IBM (US), Oracle (US), Microsoft (US), and Bitfury (US), among others, in the blockchain identity management market strategies.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
Table 1 USD Exchange Rates, 2018-2022
1.5 Stakeholders
1.6 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Blockchain Identity Management Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Profiles
Figure 2 Breakdown of Primary Interviews: by Company Type, Designation, and Region
2.1.2.2 Key Insights from Industry Experts
2.2 Data Triangulation and Market Breakup
Figure 3 Market: Data Triangulation
2.3 Market Size Estimation
Figure 4 Blockchain Identity Management Market Estimation: Research Flow
2.3.1 Top-Down Approach
Figure 5 Approach 1 (Supply Side): Revenue from Software/Services of Blockchain Identity Management Vendors
Figure 6 Approach 1 (Supply-Side) Analysis
2.3.2 Bottom-Up Approach
Figure 7 Market Size Estimation Methodology Approach 2 - Bottom-Up (Demand Side): Products/Solutions/Services
2.4 Market Forecast
Table 2 Factor Analysis
2.5 Recession Impact and Assumptions
2.5.1 Recession Impact
2.5.2 Assumptions
2.6 Limitations
Figure 8 Study Limitations

3 Executive Summary
Table 3 Blockchain Identity Management Market Size and Growth Rate, 2017-2022 (USD Million, Y-O-Y %)
Table 4 Market Size and Growth Rate, 2023-2028 (USD Million, Y-O-Y %)
Figure 9 Global Market Size and Y-O-Y Growth Rate
Figure 10 North America to Dominate Market in 2023

4 Premium Insights
4.1 Attractive Market Opportunities in Blockchain Identity Management Market
Figure 11 Blockchain Identity Management Offerings to Address Growing Identity Theft Issues Across Blockchain Providers
4.2 Market, by Vertical and Region, 2023
Figure 12 Bfsi Segment and North America to Hold Largest Market Share in 2023
4.3 Market, by Offering, 2023-2028
Figure 13 Software Segment to Hold Larger Market Share During Forecast Period
4.4 Market, by Provider Type, 2023-2028
Figure 14 Application Provider Segment to Hold Largest Market Share in 2023
4.5 Market, by Organization Size, 2023-2028
Figure 15 Large Enterprises Segment to Hold Larger Market Share During Forecast Period
4.6 Market Investment Scenario, by Region
Figure 16 Asia-Pacific to Emerge as Best Market for Investments in Next Five Years

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 17 Blockchain Identity Management Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Increasing Global Security Concerns to Drive Demand for Blockchain Identity Solutions Across Various Verticals
5.2.1.2 Enhancing Business Operations with Fast Transactions and Data Immutability
5.2.1.3 Rise of Digital Identity Ecosystem and Blockchain Gaming Vertical
5.2.2 Restraints
5.2.2.1 Issues Regarding Legitimacy of Users
5.2.2.2 Regulatory Ambiguity and Lack of Standardized Norms
5.2.3 Opportunities
5.2.3.1 Government Initiatives Driving Blockchain Technology Adoption
5.2.3.2 Widespread Implementation of Blockchain-Based Identity Solutions Across Various Sectors
5.2.4 Challenges
5.2.4.1 Limited Expertise, Technical Proficiency, and Comprehension of Blockchain Principles
5.3 Use Cases
5.3.1 Case Study 1: Aws Aided Sgx in Improving Efficiency, Transparency, and Settlement Time for Trade
5.3.2 Case Study 2: Bitfury Helped Synergy University Combat Academic Certificate Fraud with Blockchain
5.3.3 Case Study 3: Seres Leverages Oracle Blockchain Platform to Enhance Trust, Traceability, and Transparency
5.4 Value Chain Analysis
Figure 18 Value Chain Analysis: Blockchain Identity Management Market
5.5 Ecosystem: Market
Figure 19 Ecosystem: Market
5.6 Porter's Five Forces Analysis
Figure 20 Porter's Five Forces Analysis: Market
Table 5 Impact of Porter's Five Forces on Market
5.6.1 Intensity of Competitive Rivalry
5.6.2 Bargaining Power of Suppliers
5.6.3 Bargaining Power of Buyers
5.6.4 Threat of Substitutes
5.6.5 Threat of New Entrants
5.7 Pricing Analysis
Table 6 Pricing Models of Dock.Io
Table 7 Pricing Models of Oracle
5.8 Technology Analysis
5.8.1 Self-Sovereign Identity (Ssi)
5.8.2 Decentralized Identifiers (Dids)
5.8.3 Verifiable Credentials
5.8.4 Zero-Knowledge Proofs (Zkps)
5.8.5 Interoperability and Standards
5.9 Patent Analysis
Figure 21 Patent Analysis: Blockchain Identity Management Market
5.10 Trends and Disruptions Impacting Customers
Figure 22 Market: Trends and Disruptions Impacting Customers
5.11 Blockchain Associations and Consortiums
5.11.1 Enterprise Ethereum Alliance
5.11.2 Hyperledger Consortium
5.11.3 Global Blockchain Business Council
5.11.4 Blockchain Collaborative Consortium
5.11.5 R3Cev Blockchain Consortium
5.11.6 Continuous Linked Settlement Group
5.11.7 Global Payments Steering Group
5.11.8 Financial Blockchain Shenzhen Consortium
5.11.9 Cu Ledger
5.11.10 Wall Street Blockchain Alliance
5.11.11 Other Associations
5.12 Tariff and Regulatory Landscape
5.12.1 Know Your Customer (Kyc)
5.12.2 Anti-Money Laundering
5.12.3 General Data Protection Regulation (Gdpr)
5.12.4 Payment Card Industry-Data Security Standard (Pci-Dss)
5.12.5 Health Insurance Portability and Accountability Act (Hipaa)
5.12.6 Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Regulatory Bodies, Government Agencies, and Other Organizations
5.13 Key Stakeholders and Buying Criteria
5.13.1 Key Stakeholders in Buying Process
Figure 23 Influence of Stakeholders on Buying Process (%)
Table 9 Influence of Stakeholders on Buying Process (%)
5.14 Key Conferences and Events, 2023-2024
Table 10 Market: Key Conferences and Events

6 Blockchain Identity Management Market, by Offering
6.1 Introduction
6.1.1 Offering: Market Drivers
Figure 24 Services Segment to Record Highest Growth Rate During Forecast Period
Table 11 Market, by Offering, 2017-2022 (USD Million)
Table 12 Market, by Offering, 2023-2028 (USD Million)
6.2 Software
6.2.1 Use of Blockchain-Based Identity Wallets to Drive Market
Table 13 Software: Market, by Region, 2017-2022 (USD Million)
Table 14 Software: Market, by Region, 2023-2028 (USD Million)
6.3 Services
6.3.1 Services to Ensure Seamless Deployment and Maintenance
Table 15 Services: Market, by Region, 2017-2022 (USD Million)
Table 16 Services: Market, by Region, 2023-2028 (USD Million)

7 Market, by Provider Type
7.1 Introduction
7.1.1 Provider Type: Market Drivers
Figure 25 Middleware Providers Segment to Grow at Highest CAGR During Forecast Period
Table 17 Market, by Provider Type, 2017-2022 (USD Million)
Table 18 Market, by Provider Type, 2023-2028 (USD Million)
7.2 Application Providers
7.2.1 Application Providers to Enable Enterprises to Build Blockchain-Based Applications
Table 19 Application Providers: Market, by Region, 2017-2022 (USD Million)
Table 20 Application Providers: Market, by Region, 2023-2028 (USD Million)
7.3 Middleware Providers
7.3.1 Middleware Providers to Ensure Seamless Interoperability Among Blockchain Platforms
Table 21 Middleware Providers: Market, by Region, 2017-2022 (USD Million)
Table 22 Middleware Providers: Market, by Region, 2023-2028 (USD Million)
7.4 Infrastructure Providers
7.4.1 Infrastructure Providers to Develop and Maintain Blockchain Networks
Table 23 Infrastructure Providers: Market, by Region, 2017-2022 (USD Million)
Table 24 Infrastructure Providers: Market, by Region, 2023-2028 (USD Million)

8 Market, by Network
8.1 Introduction
8.1.1 Network: Market Drivers
Figure 26 Permissionless Network Segment to Grow at Higher CAGR During Forecast Period
Table 25 Market, by Network, 2017-2022 (USD Million)
Table 26 Market, by Network, 2023-2028 (USD Million)
8.2 Permissioned Network
8.2.1 Permissioned Network to Promote Proof of Concept and Consensus Mechanism
Table 27 Permissioned Network: Market, by Region, 2017-2022 (USD Million)
Table 28 Permissioned Network: Market, by Region, 2023-2028 (USD Million)
8.3 Permissionless Network
8.3.1 Open Nature of Permissionless Network to Make Identity Verification Complex
Table 29 Permissionless Network: Market, by Region, 2017-2022 (USD Million)
Table 30 Permissionless Network: Market, by Region, 2023-2028 (USD Million)

9 Market, by Organization Size
9.1 Introduction
9.1.1 Organization Size: Market Drivers
Figure 27 Small and Medium-Sized Enterprises Segment to Grow at Higher CAGR During Forecast Period
Table 31 Market, by Organization Size, 2017-2022 (USD Million)
Table 32 Market, by Organization Size, 2023-2028 (USD Million)
9.2 Small- and Medium-Sized Enterprises
9.2.1 Integration of Blockchain Technology in Automated Processes to Help Accelerate Growth of Businesses
Table 33 Small- and Medium-Sized Enterprises: Market, by Region, 2017-2022 (USD Million)
Table 34 Small- and Medium-Sized Enterprises: Market, by Region, 2023-2028 (USD Million)
9.3 Large Enterprises
9.3.1 Faster Interactions, Cost Reduction, and Enhanced Security Aspects to Fuel Expansion of Blockchain Technology Among Large Enterprises
Table 35 Large Enterprises: Market, by Region, 2017-2022 (USD Million)
Table 36 Large Enterprises: Market, by Region, 2023-2028 (USD Million)

10 Blockchain Identity Management Market, by Vertical
10.1 Introduction
10.1.1 Vertical: Market Drivers
Figure 28 Banking, Financial Services, and Insurance Vertical to Dominate Market During Forecast Period
Table 37 Market, by Vertical, 2017-2022 (USD Million)
Table 38 Market, by Vertical, 2023-2028 (USD Million)
10.2 Banking, Financial Services, and Insurance
10.2.1 Rising Demand for Decentralized Banking Platforms to Drive Market
Table 39 Bfsi: Market, by Region, 2017-2022 (USD Million)
Table 40 Bfsi: Market, by Region, 2023-2028 (USD Million)
10.3 It and Ites
10.3.1 Smart Technologies to Mitigate Advanced Cyberattacks
Table 41 It and Ites: Blockchain Identity Management Market, by Region, 2017-2022 (USD Million)
Table 42 It and Ites: Market, by Region, 2023-2028 (USD Million)
10.4 Telecom
10.4.1 Urge to Protect Sensitive Telecom Data to Fuel Segment Growth
Table 43 Telecom: Market, by Region, 2017-2022 (USD Million)
Table 44 Telecom: Market, by Region, 2023-2028 (USD Million)
10.5 Government
10.5.1 Smart Technologies to Mitigate Advanced Cyberattacks
Table 45 Government: Market, by Region, 2017-2022 (USD Million)
Table 46 Government: Market, by Region, 2023-2028 (USD Million)
10.6 Real Estate and Construction
10.6.1 Elimination of Middlemen and Complete Transparency to Drive Market
Table 47 Real Estate and Construction: Market, by Region, 2017-2022 (USD Million)
Table 48 Real Estate and Construction: Market, by Region, 2023-2028 (USD Million)
10.7 Healthcare
10.7.1 Need to Secure Critical Patient Data Across Nodes to Boost Segment Growth
Table 49 Healthcare: Market, by Region, 2017-2022 (USD Million)
Table 50 Healthcare: Market, by Region, 2023-2028 (USD Million)
10.8 Retail and Ecommerce
10.8.1 Automation Across Retail Channels for Curbing Identity Thefts to Propel Growth
Table 51 Retail and Ecommerce: Blockchain Identity Management Market, by Region, 2017-2022 (USD Million)
Table 52 Retail and Ecommerce: Market, by Region, 2023-2028 (USD Million)
10.9 Media and Entertainment
10.9.1 Easier Copyright Management and Ability to Support Micropayments Without Intermediary Payment Network to Boost Market
Table 53 Media and Entertainment: Market, by Region, 2017-2022 (USD Million)
Table 54 Media and Entertainment: Market, by Region, 2023-2028 (USD Million)
10.10 Travel and Hospitality
10.10.1 Reduced Costs and Increased Transparency to Drive Market
Table 55 Travel and Hospitality: Market, by Region, 2017-2022 (USD Million)
Table 56 Travel and Hospitality: Market, by Region, 2023-2028 (USD Million)
10.11 Other Verticals
Table 57 Other Verticals: Market, by Region, 2017-2022 (USD Million)
Table 58 Other Verticals: Market, by Region, 2023-2028 (USD Million)

11 Blockchain Identity Management, by Region
11.1 Introduction
Figure 29 Asia-Pacific to Grow at Highest CAGR During Forecast Period
Table 59 Market, by Region, 2017-2022 (USD Million)
Table 60 Market, by Region, 2023-2028 (USD Million)
11.2 North America
11.2.1 North America: Market Drivers
11.2.2 North America: Recession Impact
11.2.3 North America: Regulatory Landscape
Figure 30 North America: Blockchain Identity Management Market Snapshot
Table 61 North America: Market, by Offering, 2017-2022 (USD Million)
Table 62 North America: Market, by Offering, 2023-2028 (USD Million)
Table 63 North America: Market, by Provider Type, 2017-2022 (USD Million)
Table 64 North America: Market, by Provider Type, 2023-2028 (USD Million)
Table 65 North America: Market, by Network, 2017-2022 (USD Million)
Table 66 North America: Market, by Network, 2023-2028 (USD Million)
Table 67 North America: Market, by Organization Size, 2017-2022 (USD Million)
Table 68 North America: Market, by Organization Size, 2023-2028 (USD Million)
Table 69 North America: Market, by Vertical, 2017-2022 (USD Million)
Table 70 North America: Market, by Vertical, 2023-2028 (USD Million)
Table 71 North America: Market, by Country, 2017-2022 (USD Million)
Table 72 North America: Market, by Country, 2023-2028 (USD Million)
11.2.4 US
11.2.4.1 Growing Number of Startups and Vast Vendor Database to Drive Market in US
Table 73 US: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 74 US: Market, by Offering, 2023-2028 (USD Million)
Table 75 US: Market, by Provider Type, 2017-2022 (USD Million)
Table 76 US: Market, by Provider Type, 2023-2028 (USD Million)
Table 77 US: Market, by Network, 2017-2022 (USD Million)
Table 78 US: Market, by Network, 2023-2028 (USD Million)
Table 79 US: Market, by Organization Size, 2017-2022 (USD Million)
Table 80 US: Market, by Organization Size, 2023-2028 (USD Million)
Table 81 US: Market, by Vertical, 2017-2022 (USD Million)
Table 82 US: Market, by Vertical, 2023-2028 (USD Million)
11.2.5 Canada
11.2.5.1 Initiatives Taken by Government and Other Organizations to Drive Market
Table 83 Canada: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 84 Canada: Market, by Offering, 2023-2028 (USD Million)
Table 85 Canada: Market, by Provider Type, 2017-2022 (USD Million)
Table 86 Canada: Market, by Provider Type, 2023-2028 (USD Million)
Table 87 Canada: Market, by Network, 2017-2022 (USD Million)
Table 88 Canada: Market, by Network, 2023-2028 (USD Million)
Table 89 Canada: Market, by Organization Size, 2017-2022 (USD Million)
Table 90 Canada: Market, by Organization Size, 2023-2028 (USD Million)
Table 91 Canada: Market, by Vertical, 2017-2022 (USD Million)
Table 92 Canada: Market, by Vertical, 2023-2028 (USD Million)
11.3 Europe
11.3.1 Europe: Market Drivers
11.3.2 Europe: Recession Impact
11.3.3 Europe: Regulatory Landscape
Table 93 Europe: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 94 Europe: Market, by Offering, 2023-2028 (USD Million)
Table 95 Europe: Market, by Provider Type, 2017-2022 (USD Million)
Table 96 Europe: Market, by Provider Type, 2023-2028 (USD Million)
Table 97 Europe: Market, by Network, 2017-2022 (USD Million)
Table 98 Europe: Market, by Network, 2023-2028 (USD Million)
Table 99 Europe: Market, by Organization Size, 2017-2022 (USD Million)
Table 100 Europe: Market, by Organization Size, 2023-2028 (USD Million)
Table 101 Europe: Market, by Vertical, 2017-2022 (USD Million)
Table 102 Europe: Market, by Vertical, 2023-2028 (USD Million)
Table 103 Europe: Market, by Country, 2017-2022 (USD Million)
Table 104 Europe: Market, by Country, 2023-2028 (USD Million)
11.3.4 UK
11.3.4.1 Government Initiatives to Drive Implementation of Blockchain Identity Solutions
Table 105 UK: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 106 UK: Market, by Offering, 2023-2028 (USD Million)
Table 107 UK: Market, by Provider Type, 2017-2022 (USD Million)
Table 108 UK: Market, by Provider Type, 2023-2028 (USD Million)
Table 109 UK: Market, by Network, 2017-2022 (USD Million)
Table 110 UK: Market, by Network, 2023-2028 (USD Million)
Table 111 UK: Market, by Organization Size, 2017-2022 (USD Million)
Table 112 UK: Market, by Organization Size, 2023-2028 (USD Million)
Table 113 UK: Market, by Vertical, 2017-2022 (USD Million)
Table 114 UK: Market, by Vertical, 2023-2028 (USD Million)
11.3.5 Germany
11.3.5.1 Increasing Adoption of Blockchain Identity Solutions Among Financial Organizations to Fuel Market Growth
Table 115 Germany: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 116 Germany: Market, by Offering, 2023-2028 (USD Million)
Table 117 Germany: Market, by Provider Type, 2017-2022 (USD Million)
Table 118 Germany: Market, by Provider Type, 2023-2028 (USD Million)
Table 119 Germany: Market, by Network, 2017-2022 (USD Million)
Table 120 Germany: Market, by Network, 2023-2028 (USD Million)
Table 121 Germany: Market, by Organization Size, 2017-2022 (USD Million)
Table 122 Germany: Market, by Organization Size, 2023-2028 (USD Million)
Table 123 Germany: Market, by Vertical, 2017-2022 (USD Million)
Table 124 Germany: Market, by Vertical, 2023-2028 (USD Million)
11.3.6 France
11.3.6.1 Active Use of Blockchain for Identity Management to Drive Market
Table 125 France: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 126 France: Market, by Offering, 2023-2028 (USD Million)
Table 127 France: Market, by Provider Type, 2017-2022 (USD Million)
Table 128 France: Market, by Provider Type, 2023-2028 (USD Million)
Table 129 France: Market, by Network, 2017-2022 (USD Million)
Table 130 France: Market, by Network, 2023-2028 (USD Million)
Table 131 France: Market, by Organization Size, 2017-2022 (USD Million)
Table 132 France: Market, by Organization Size, 2023-2028 (USD Million)
Table 133 France: Market, by Vertical, 2017-2022 (USD Million)
Table 134 France: Market, by Vertical, 2023-2028 (USD Million)
11.3.7 Rest of Europe
Table 135 Rest of Europe: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 136 Rest of Europe: Market, by Offering, 2023-2028 (USD Million)
Table 137 Rest of Europe: Market, by Provider Type, 2017-2022 (USD Million)
Table 138 Rest of Europe: Market, by Provider Type, 2023-2028 (USD Million)
Table 139 Rest of Europe: Market, by Network, 2017-2022 (USD Million)
Table 140 Rest of Europe: Market, by Network, 2023-2028 (USD Million)
Table 141 Rest of Europe: Market, by Organization Size, 2017-2022 (USD Million)
Table 142 Rest of Europe: Market, by Organization Size, 2023-2028 (USD Million)
Table 143 Rest of Europe: Market, by Vertical, 2017-2022 (USD Million)
Table 144 Rest of Europe: Market, by Vertical, 2023-2028 (USD Million)
11.4 Asia-Pacific
11.4.1 Asia-Pacific: Market Drivers
11.4.2 Asia-Pacific: Recession Impact
11.4.3 Asia-Pacific: Regulatory Landscape
Figure 31 Asia-Pacific: Blockchain Identity Management Market Snapshot
Table 145 Asia-Pacific: Market, by Offering, 2017-2022 (USD Million)
Table 146 Asia-Pacific: Market, by Offering, 2023-2028 (USD Million)
Table 147 Asia-Pacific: Market, by Provider Type, 2017-2022 (USD Million)
Table 148 Asia-Pacific: Market, by Provider Type, 2023-2028 (USD Million)
Table 149 Asia-Pacific: Market, by Network, 2017-2022 (USD Million)
Table 150 Asia-Pacific: Market, by Network, 2023-2028 (USD Million)
Table 151 Asia-Pacific: Market, by Organization Size, 2017-2022 (USD Million)
Table 152 Asia-Pacific: Market, by Organization Size, 2023-2028 (USD Million)
Table 153 Asia-Pacific: Market, by Vertical, 2017-2022 (USD Million)
Table 154 Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
Table 155 Asia-Pacific: Blockchain Identity Management Security Market, by Country, 2017-2022 (USD Million)
Table 156 Asia-Pacific: Blockchain Identity Management Security Market, by Country, 2023-2028 (USD Million)
11.4.4 China
11.4.4.1 Need for Secure and Reliable Identity Verification Systems to Boost Market in China
Table 157 China: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 158 China: Market, by Offering, 2023-2028 (USD Million)
Table 159 China: Market, by Provider Type, 2017-2022 (USD Million)
Table 160 China: Market, by Provider Type, 2023-2028 (USD Million)
Table 161 China: Market, by Network, 2017-2022 (USD Million)
Table 162 China: Market, by Network, 2023-2028 (USD Million)
Table 163 China: Market, by Organization Size, 2017-2022 (USD Million)
Table 164 China: Market, by Organization Size, 2023-2028 (USD Million)
Table 165 China: Market, by Vertical, 2017-2022 (USD Million)
Table 166 China: Market, by Vertical, 2023-2028 (USD Million)
11.4.5 Japan
11.4.5.1 Rapid Adoption of Industry 4.0 Technologies to Drive Utilization of Blockchain Identity in Financial Sector
Table 167 Japan: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 168 Japan: Market, by Offering, 2023-2028 (USD Million)
Table 169 Japan: Market, by Provider Type, 2017-2022 (USD Million)
Table 170 Japan: Market, by Provider Type, 2023-2028 (USD Million)
Table 171 Japan: Market, by Network, 2017-2022 (USD Million)
Table 172 Japan: Market, by Network, 2023-2028 (USD Million)
Table 173 Japan: Market, by Organization Size, 2017-2022 (USD Million)
Table 174 Japan: Market, by Organization Size, 2023-2028 (USD Million)
Table 175 Japan: Market, by Vertical, 2017-2022 (USD Million)
Table 176 Japan: Market, by Vertical, 2023-2028 (USD Million)
11.4.6 India
11.4.6.1 Government Strategies to Drive Blockchain Identity Management Landscape
Table 177 India: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 178 India: Market, by Offering, 2023-2028 (USD Million)
Table 179 India: Market, by Provider Type, 2017-2022 (USD Million)
Table 180 India: Market, by Provider Type, 2023-2028 (USD Million)
Table 181 India: Market, by Network, 2017-2022 (USD Million)
Table 182 India: Market, by Network, 2023-2028 (USD Million)
Table 183 India: Market, by Organization Size, 2017-2022 (USD Million)
Table 184 India: Market, by Organization Size, 2023-2028 (USD Million)
Table 185 India: Market, by Vertical, 2017-2022 (USD Million)
Table 186 India: Market, by Vertical, 2023-2028 (USD Million)
11.4.7 Singapore
11.4.7.1 Active Promotion of Blockchain Adoption and Favorable Regulatory Environment to Drive Market
Table 187 Singapore: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 188 Singapore: Market, by Offering, 2023-2028 (USD Million)
Table 189 Singapore: Market, by Provider Type, 2017-2022 (USD Million)
Table 190 Singapore: Market, by Provider Type, 2023-2028 (USD Million)
Table 191 Singapore: Market, by Network, 2017-2022 (USD Million)
Table 192 Singapore: Market, by Network, 2023-2028 (USD Million)
Table 193 Singapore: Market, by Organization Size, 2017-2022 (USD Million)
Table 194 Singapore: Market, by Organization Size, 2023-2028 (USD Million)
Table 195 Singapore: Market, by Vertical, 2017-2022 (USD Million)
Table 196 Singapore: Market, by Vertical, 2023-2028 (USD Million)
11.4.8 Rest of Asia-Pacific
Table 197 Rest of Asia-Pacific: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 198 Rest of Asia-Pacific: Market, by Offering, 2023-2028 (USD Million)
Table 199 Rest of Asia-Pacific: Market, by Provider Type, 2017-2022 (USD Million)
Table 200 Rest of Asia-Pacific: Market, by Provider Type, 2023-2028 (USD Million)
Table 201 Rest of Asia-Pacific: Market, by Network, 2017-2022 (USD Million)
Table 202 Rest of Asia-Pacific: Market, by Network, 2023-2028 (USD Million)
Table 203 Rest of Asia-Pacific: Market, by Organization Size, 2017-2022 (USD Million)
Table 204 Rest of Asia-Pacific: Market, by Organization Size, 2023-2028 (USD Million)
Table 205 Rest of Asia-Pacific: Market, by Vertical, 2017-2022 (USD Million)
Table 206 Rest of Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
11.5 Middle East & Africa
11.5.1 Middle East & Africa: Market Drivers
11.5.2 Middle East & Africa: Recession Impact
11.5.3 Middle East & Africa: Regulatory Landscape
Table 207 Middle East & Africa: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 208 Middle East & Africa: Market, by Offering, 2023-2028 (USD Million)
Table 209 Middle East & Africa: Market, by Provider Type, 2017-2022 (USD Million)
Table 210 Middle East & Africa: Market, by Provider Type, 2023-2028 (USD Million)
Table 211 Middle East & Africa: Market, by Network, 2017-2022 (USD Million)
Table 212 Middle East & Africa: Market, by Network, 2023-2028 (USD Million)
Table 213 Middle East & Africa: Market, by Organization Size, 2017-2022 (USD Million)
Table 214 Middle East & Africa: Market, by Organization Size, 2023-2028 (USD Million)
Table 215 Middle East & Africa: Market, by Vertical, 2017-2022 (USD Million)
Table 216 Middle East & Africa: Market, by Vertical, 2023-2028 (USD Million)
Table 217 Middle East & Africa: Blockchain Identity Management Security Market, by Subregion, 2017-2022 (USD Million)
Table 218 Middle East & Africa: Blockchain Identity Management Security Market, by Subregion, 2023-2028 (USD Million)
11.5.4 Middle East
11.5.4.1 Rapid Digital Transformation Across Various Sectors to Drive Market
Table 219 Middle East: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 220 Middle East: Market, by Offering, 2023-2028 (USD Million)
Table 221 Middle East: Market, by Provider Type, 2017-2022 (USD Million)
Table 222 Middle East: Market, by Provider Type, 2023-2028 (USD Million)
Table 223 Middle East: Market, by Network, 2017-2022 (USD Million)
Table 224 Middle East: Market, by Network, 2023-2028 (USD Million)
Table 225 Middle East: Market, by Organization Size, 2017-2022 (USD Million)
Table 226 Middle East: Market, by Organization Size, 2023-2028 (USD Million)
Table 227 Middle East: Market, by Vertical, 2017-2022 (USD Million)
Table 228 Middle East: Market, by Vertical, 2023-2028 (USD Million)
11.5.5 Africa
11.5.5.1 Increase in Adoption and Implementation of Verification Solutions to Fuel Market Growth
Table 229 Africa: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 230 Africa: Market, by Offering, 2023-2028 (USD Million)
Table 231 Africa: Market, by Provider Type, 2017-2022 (USD Million)
Table 232 Africa: Market, by Provider Type, 2023-2028 (USD Million)
Table 233 Africa: Market, by Network, 2017-2022 (USD Million)
Table 234 Africa: Market, by Network, 2023-2028 (USD Million)
Table 235 Africa: Market, by Organization Size, 2017-2022 (USD Million)
Table 236 Africa: Market, by Organization Size, 2023-2028 (USD Million)
Table 237 Africa: Market, by Vertical, 2017-2022 (USD Million)
Table 238 Africa: Market, by Vertical, 2023-2028 (USD Million)
11.6 Latin America
11.6.1 Latin America: Market Drivers
11.6.2 Latin America: Recession Impact
11.6.3 Latin America: Regulatory Landscape
Table 239 Latin America: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 240 Latin America: Market, by Offering, 2023-2028 (USD Million)
Table 241 Latin America: Market, by Provider Type, 2017-2022 (USD Million)
Table 242 Latin America: Market, by Provider Type, 2023-2028 (USD Million)
Table 243 Latin America: Market, by Network, 2017-2022 (USD Million)
Table 244 Latin America: Market, by Network, 2023-2028 (USD Million)
Table 245 Latin America: Market, by Organization Size, 2017-2022 (USD Million)
Table 246 Latin America: Market, by Organization Size, 2023-2028 (USD Million)
Table 247 Latin America: Market, by Vertical, 2017-2022 (USD Million)
Table 248 Latin America: Market, by Vertical, 2023-2028 (USD Million)
Table 249 Latin America: Blockchain Identity Management Security Market, by Country, 2017-2022 (USD Million)
Table 250 Latin America: Blockchain Identity Management Security Market, by Country, 2023-2028 (USD Million)
11.6.4 Brazil
11.6.4.1 Development of Blockchain-Based Identity Solutions Across Brazil to Boost Market
Table 251 Brazil: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 252 Brazil: Market, by Offering, 2023-2028 (USD Million)
Table 253 Brazil: Market, by Provider Type, 2017-2022 (USD Million)
Table 254 Brazil: Market, by Provider Type, 2023-2028 (USD Million)
Table 255 Brazil: Market, by Network, 2017-2022 (USD Million)
Table 256 Brazil: Market, by Network, 2023-2028 (USD Million)
Table 257 Brazil: Market, by Organization Size, 2017-2022 (USD Million)
Table 258 Brazil: Market, by Organization Size, 2023-2028 (USD Million)
Table 259 Brazil: Market, by Vertical, 2017-2022 (USD Million)
Table 260 Brazil: Market, by Vertical, 2023-2028 (USD Million)
11.6.5 Mexico
11.6.5.1 Government Regulations and Initiatives to Address Corruption Issues to Drive Market
Table 261 Mexico: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 262 Mexico: Market, by Offering, 2023-2028 (USD Million)
Table 263 Mexico: Market, by Provider Type, 2017-2022 (USD Million)
Table 264 Mexico: Market, by Provider Type, 2023-2028 (USD Million)
Table 265 Mexico: Market, by Network, 2017-2022 (USD Million)
Table 266 Mexico: Market, by Network, 2023-2028 (USD Million)
Table 267 Mexico: Market, by Organization Size, 2017-2022 (USD Million)
Table 268 Mexico: Market, by Organization Size, 2023-2028 (USD Million)
Table 269 Mexico: Market, by Vertical, 2017-2022 (USD Million)
Table 270 Mexico: Market, by Vertical, 2023-2028 (USD Million)
11.6.6 Rest of Latin America
Table 271 Rest of Latin America: Blockchain Identity Management Market, by Offering, 2017-2022 (USD Million)
Table 272 Rest of Latin America: Market, by Offering, 2023-2028 (USD Million)
Table 273 Rest of Latin America: Market, by Provider Type, 2017-2022 (USD Million)
Table 274 Rest of Latin America: Market, by Provider Type, 2023-2028 (USD Million)
Table 275 Rest of Latin America: Market, by Network, 2017-2022 (USD Million)
Table 276 Rest of Latin America: Market, by Network, 2023-2028 (USD Million)
Table 277 Rest of Latin America: Market, by Organization Size, 2017-2022 (USD Million)
Table 278 Rest of Latin America: Market, by Organization Size, 2023-2028 (USD Million)
Table 279 Rest of Latin America: Market, by Vertical, 2017-2022 (USD Million)
Table 280 Rest of Latin America: Market, by Vertical, 2023-2028 (USD Million)

12 Competitive Landscape
12.1 Overview
12.2 Revenue Analysis of Leading Players
Figure 32 Blockchain Identity Management Market: Revenue Analysis
12.3 Market Share Analysis of Top Market Players
Table 281 Market: Degree of Competition
12.4 Historical Revenue Analysis
Figure 33 Historical Five-Year Segmental Revenue Analysis of Key Public Sector Blockchain Identity Management Providers
12.5 Ranking of Key Players
Figure 34 Market: Ranking of Key Players
12.6 Evaluation Matrix for Key Players
12.6.1 Definitions and Methodology
Figure 35 Evaluation Quadrant for Key Players: Criteria Weightage
Figure 36 Company Evaluation Matrix for Key Players, 2023
12.6.2 Stars
12.6.3 Emerging Leaders
12.6.4 Pervasive Players
12.6.5 Participants
12.7 Competitive Benchmarking
12.7.1 Company Evaluation Criteria for Key Players
Table 282 Competitive Benchmarking of Key Players: Regional Footprint
12.7.2 Company Evaluation Criteria for Smes/Startups
Table 283 Blockchain Identity Management Market: Detailed List of Startups
Table 284 Regional Footprint of Smes/Startups
12.8 Company Evaluation Quadrant (Smes/Startups)
12.8.1 Definitions and Methodology
Figure 37 Evaluation Quadrant for Smes/Startups: Criteria Weightage
Figure 38 Evaluation Matrix for Smes/Startups, 2023
12.8.2 Progressive Companies
12.8.3 Responsive Companies
12.8.4 Dynamic Companies
12.8.5 Starting Blocks
12.9 Competitive Scenario and Trends
12.9.1 New Product Launches and Product Enhancements
Table 285 Market: New Product Launches and Product Enhancements, 2020-2023
12.9.2 Deals
Table 286 Blockchain Identity Management Market: Deals, 2020-2023

13 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View)*
13.1 Key Players
13.1.1 Aws
Table 287 Aws: Business Overview
Figure 39 Aws: Company Snapshot
Table 288 Aws: Products/Solutions/Services Offered
Table 289 Aws: Deals
13.1.2 Ibm
Table 290 Ibm: Business Overview
Figure 40 Ibm: Company Snapshot
Table 291 Ibm: Products/Solutions/Services Offered
13.1.3 Oracle
Table 292 Oracle: Business Overview
Figure 41 Oracle: Company Snapshot
Table 293 Oracle: Products/Solutions/Services Offered
Table 294 Oracle: Deals
13.1.4 Microsoft
Table 295 Microsoft: Business Overview
Figure 42 Microsoft: Company Snapshot
Table 296 Microsoft: Products/Solutions/Services Offered
Table 297 Microsoft: Product Launches
13.1.5 Bitfury
Table 298 Bitfury: Business Overview
Table 299 Bitfury: Products/Solutions/Services Offered
13.1.6 Nec
Table 300 Nec: Business Overview
Figure 43 Nec: Company Snapshot
Table 301 Nec: Products/Solutions/Services Offered
13.1.7 Dock
Table 302 Dock: Business Overview
Table 303 Dock: Products/Solutions/Services Offered
13.1.8 Hu-Mainty.Co
Table 304 Hu-Mainty.Co: Business Overview
Table 305 Hu-Mainty.Co: Products/Solutions/Services Offered
13.1.9 Metadium
Table 306 Metadium: Business Overview
Table 307 Metadium: Products/Solutions/Services Offered
13.1.10 Serto
Table 308 Serto: Business Overview
Table 309 Serto: Products/Solutions/Services Offered
13.2 Other Players
13.2.1 Coinfirm
13.2.2 Accumulate
13.2.3 Neuroware
13.2.4 Tradle
13.2.5 Peer Ledger
13.2.6 Procivis
13.2.7 Springrole
13.2.8 Blockchains Inc.
13.2.9 Oaro
13.2.10 Fractal
13.2.11 Nuid
13.2.12 Validated Id
13.2.13 Kyc-Chain
13.2.14 Trm Labs
13.2.15 Factom
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.

14 Adjacent Markets
14.1 Introduction
Table 310 Adjacent Markets and Forecasts
14.2 Limitations
14.3 Blockchain Identity Management Ecosystem and Adjacent Markets
14.3.1 Blockchain Market
14.3.1.1 Blockchain Market, by Organization Size
Table 311 Blockchain Market, by Organization Size, 2018-2021 (USD Million)
Table 312 Blockchain Market, by Organization Size, 2022-2027 (USD Million)
Table 313 Small- and Medium-Sized Enterprises: Blockchain Market, by Region, 2018-2021 (USD Million)
Table 314 Small- and Medium-Sized Enterprises: Blockchain Market, by Region, 2022-2027 (USD Million)
Table 315 Large Enterprises: Blockchain Market, by Region, 2018-2021 (USD Million)
Table 316 Large Enterprises: Blockchain Market, by Region, 2022-2027 (USD Million)
14.3.1.2 Blockchain Market, by Component
Table 317 Blockchain Market, by Component, 2018-2021 (USD Million)
Table 318 Blockchain Market, by Component, 2022-2027 (USD Million)
Table 319 Platforms: Blockchain Market, by Region, 2018-2021 (USD Million)
Table 320 Platforms: Blockchain Market, by Region, 2022-2027 (USD Million)
Table 321 Services: Blockchain Market, by Region, 2018-2021 (USD Million)
Table 322 Services: Blockchain Market, by Region, 2022-2027 (USD Million)
14.4 Decentralized Identity Market
14.4.1 Decentralized Identity Market, by Organization Size
Table 323 Decentralized Identity Market, by Organization Size, 2019-2027 (USD Million)
Table 324 Large Enterprises Market, by Region, 2019-2027 (USD Million)
Table 325 Smes Market, by Region, 2019-2027 (USD Million)
14.4.2 Decentralized Identity Market, by Identity Type
Table 326 Decentralized Identity Market, by Identity Type, 2019-2027 (USD Million)
Table 327 Non-Biometrics Decentralized Identity Market, by Region, 2019-2027 (USD Million)
Table 328 Biometrics Decentralized Identity Market, by Region, 2019-2027 (USD Million)

15 Appendix
15.1 Discussion Guide
15.2 Knowledgestore: The Subscription Portal
15.3 Customization Options

Executive Summary

Companies Mentioned

  • Accumulate
  • Aws
  • Bitfury
  • Blockchains Inc.
  • Coinfirm
  • Dock
  • Factom
  • Fractal
  • Hu-Mainty.Co
  • Ibm
  • Kyc-Chain
  • Metadium
  • Microsoft
  • Nec
  • Neuroware
  • Nuid
  • Oaro
  • Oracle
  • Peer Ledger
  • Procivis
  • Serto
  • Springrole
  • Tradle
  • Trm Labs
  • Validated Id

Methodology

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Table Information

Report AttributeDetails
No. of Pages258
PublishedAugust 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 1.3 Billion
Forecasted Market Value ( USD ) by 2028 $ 35.1 Billion
Compound Annual Growth Rate92.7%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Blockchain Identity Management Market

Blockchain Identity Management is a form of IT Security that uses distributed ledger technology to store and manage digital identities. It is designed to provide users with a secure, immutable, and verifiable way to store and manage personal data. It also allows users to control who has access to their data and how it is used. The market for Blockchain Identity Management is growing rapidly as organizations look for ways to protect their data and ensure compliance with data privacy regulations. It is also being used to improve the security of online transactions and to reduce the risk of identity theft. Companies in the Blockchain Identity Management market include Microsoft, IBM, Oracle, Accenture, Deloitte, and Evernym. Show Less Read more

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