Blockchain Identity Management Market by Provider (Application Provider, Middleware Provider, Infrastructure Provider), Organization Size, Vertical (BFSI, Government, Healthcare and Lifesciences, Real Estate), and Region - Global Forecast to 2023

  • ID: 4557849
  • Report
  • Region: Global
  • 129 Pages
  • Markets and Markets
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The Blockchain Identity Management Market Size is Expected to Grow from USD 90.4 Million in 2018 to USD 1,929.9 Million by 2023

FEATURED COMPANIES

  • AWS
  • BTL Group
  • Evernym
  • Key Innovators
  • Neuroware
  • Peer Ledger
  • MORE

Growing interest for identity management solutions through the blockchain technology across industry verticals and increasing demand for self-sovereign identification are expected to drive the blockchain identity management market
The blockchain identity management market size is expected to grow from USD 90.4 million in 2018 to USD 1,929.9 million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.5% during the forecast period. The blockchain identity management market is driven by various factors, such as the increasing demand for self-sovereign identification and rising security concerns with existing models across the globe. However, lack of common set of regulatory standards and uncertain regulatory landscape and concerns regarding the authenticity of the users could hinder the growth of the market.

Application providers segment is expected to grow at the highest CAGR during the forecast period
The application providers segment is the fastest growing segment in the blockchain identity management market. The market is segmented by application providers, middleware providers, and infrastructure providers. The blockchain identity management technology’s unique capabilities, such as self-sovereign identification, authenticity, and KYC simplification, are expected to increase the demand for the blockchain identity management solutions.

BFSI vertical is expected to hold the largest market share during the forecast period
The Banking, Financial Service, and Insurance (BFSI) vertical is expected to hold the largest market size during the forecast period. With the increasing need for the identity verification in the banking system and the difficulties in the traditional identification methods are making the identification processes more complex. The implementation of blockchain technology for identity management will not only simplify the KYC processes for BFSI organizations but also ensure the protection of the user’s personal information. All these advantages are expected to encourage organizations to adopt the blockchain identity management solutions in the BFSI industry vertical.

APAC is expected to record the highest growth rate during the forecast period
APAC is expected to grow at the highest rate during the forecast period, due to the increase in venture capital funding and number of startups, and governments’ increasing focus on regulating the blockchain technology identity management marketspace. The key financial hubs and government organizations in APAC countries, such as Japan, Australia and New Zealand, Hong Kong, and Singapore, provide significant opportunities for the adoption of blockchain identity management solutions. Meanwhile, North America is projected to hold the largest market size during the forecast period.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the blockchain identity management marketplace.

  • By company type: Tier 1: 10%, Tier 2: 35%, and Tier 3: 55%
  • By designation: C-Level: 60%, Director Level: 25%, and Others 15%
  • By region: North America: 25%, Europe: 35%, APAC: 25%, MEA: 10% and Latin America: 5%

The blockchain identity management market comprises major solution providers, such as IBM (US), AWS (US), Civic Technologies (US), KYC-Chain (Hong Kong), Bitfury (US), Evernym (US), Factom (US), Netki (US), ShoCard (US), UniquID (US), Microsoft (US), Oracle (US), Bitnation (Switzerland), Nodalblock (Spain), EdgeSecure (Airbitz) (US), Blockverify (UK), Peer Ledger (Canada), Cambridge Blockchain (US), uPort (US), Originalmy (Brazil), Neuroware (Malaysia), Tradle (US), Existenceid (Australia), Coinfirm (Poland), and BTL Group (Canada). The study includes in-depth competitive analysis of these key players in the blockchain identity management market, with their company profiles, recent developments, and key market strategies.

The market study covers the blockchain identity management market across segments. It aims at estimating the market size and the growth potential of this market across segments, such as provider, vertical, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with 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 better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • AWS
  • BTL Group
  • Evernym
  • Key Innovators
  • Neuroware
  • Peer Ledger
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Research Assumptions
2.4 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Blockchain Identity Management Market
4.2 Market By Provider and Top 3 Regions, 2018
4.3 Market By Organization Size, 2018
4.4 Market Investment Scenario
4.5 Market Top 3 Verticals

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Security Concerns Across the Globe With the Traditional Identity Management Models
5.2.1.2 Growing Demand for Blockchain Identity Solutions Across Industry Verticals
5.2.1.3 Increasing Demand for Self-Sovereign Identification
5.2.1.4 Easing Business Functions Through High Transaction Speed and Immutability
5.2.2 Restraints
5.2.2.1 Concerns Related to the Authenticity of Users
5.2.2.2 Uncertain Regulatory Status and Lack of A Common Set of Standards
5.2.3 Opportunities
5.2.3.1 Extensive Applications of Blockchain Identity Solutions in Banking, Cybersecurity, and IoT
5.2.4 Challenges
5.2.4.1 Lack of Awareness About the Blockchain Technology
5.2.4.2 Lack of Skillsets, Technical Knowledge, and Understanding About the Blockchain Concept
5.3 Industry Trends
5.3.1 Types of Blockchain Technology
5.3.1.1 Private Blockchain
5.3.1.2 Public Blockchain
5.3.2 Blockchain Associations and Consortiums
5.3.2.1 Enterprise Ethereum Alliance (EEA)
5.3.2.2 Hyperledger Consortium
5.3.2.3 Global Blockchain Business Council
5.3.2.4 Blockchain Collaborative Consortium (BCCC)
5.3.2.5 R3cev Blockchain Consortium
5.3.2.6 Cls Group
5.3.2.7 Global Payments Steering Group (GPSG)
5.3.2.8 Financial Blockchain Shenzhen Consortium (FBSC)
5.3.2.9 CU Ledger
5.4 Regulatory Landscape
5.4.1 Know Your Customer (KYC)
5.4.2 Anti Money Laundering
5.4.3 General Data Protection Regulation (GDPR)
5.5 Digital Identity Implementation on Public and Private Blockchains
5.5.1 Closed Blockchain
5.5.2 Open Blockchain
5.6 Innovation Spotlight

6 Blockchain Identity Management Market, By Provider
6.1 Introduction
6.1.1 Blockchain-Based Digital Identity Management
6.1.1.1 Self-Sovereign Identity
6.1.1.2 Handshake Mechanism
6.2 Application Providers
6.3 Middleware Providers
6.4 Infrastructure Providers

7 Blockchain Identity Management Market, By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.3 Small and Medium-Sized Enterprises

8 Blockchain Identity Management Market, By Vertical
8.1 Introduction
8.2 Banking, Financial Services, and Insurance
8.3 Government
8.4 Healthcare and Life Sciences
8.5 Telecom and IT
8.6 Retail and Ecommerce
8.7 Transport and Logistics
8.8 Real Estate
8.9 Media and Entertainment
8.10 Travel and Hospitality
8.11 Others

9 Blockchain Identity Management Market, By Region
9.1 Introduction
9.2 North America
9.2.1 United States
9.2.2 Canada
9.3 Europe
9.3.1 United Kingdom
9.3.2 Germany
9.3.3 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 Singapore
9.4.3 Australia and New Zealand
9.4.4 Rest of Apac
9.5 Middle East and Africa
9.5.1 Middle East
9.5.2 Africa
9.6 Latin America
9.6.1 Mexico
9.6.2 Brazil
9.6.3 Rest of Latin America

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situations and Trends
10.2.1 New Product Launches/Product Enhancements
10.2.2 Business Expansions
10.2.3 Partnerships, Agreements, and Collaborations
10.2.4 Mergers and Acquisitions

11 Company Profiles
11.1 Introduction
11.2 AWS
11.3 Bitfury
11.4 Civic Technologies
11.5 IBM
11.6 BTL Group
11.7 Evernym
11.8 Factom
11.9 KYC-Chain
11.10 Netki
11.11 ShoCard
11.12 Tradle
11.13 UniqID
11.14 Key Innovators
11.14.1 Bitnation
11.14.2 Blockverify
11.14.3 Cambridge Blockchain
11.14.4 Coinfirm
11.14.5 Existenceid
11.14.6 Microsoft
11.14.7 Neuroware
11.14.8 Nodalblock
11.14.9 Oracle
11.14.10 Originalmy
11.14.11 Peer Ledger
11.14.12 uPort

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Subscription Portal
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables (45 Tables)

Table 1 Blockchain Identity Management Market Size and Growth Rate, 2016–2023 (USD Million, Y-O-Y %)
Table 2 Innovation Spotlight: Latest Blockchain Identity Management Solutions
Table 3 Market Size By Provider, 2016–2023 (USD Million)
Table 4 Application Providers: Market Size By Region, 2016–2023 (USD Million)
Table 5 Middleware Providers: Market Size By Region, 2016–2023 (USD Million)
Table 6 Infrastructure Providers: Market Size By Region, 2016–2023 (USD Million)
Table 7 Blockchain Identity Management Market Size, By Organization Size, 2016–2023 (USD Million)
Table 8 Large Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 9 Small and Medium-Sized Enterprises: Blockchain Identity Market Size, By Region, 2016–2023 (USD Million)
Table 10 Blockchain Identity Management Market Size, By Vertical, 2016–2023 (USD Million)
Table 11 Banking, Financial Services, and Insurance: Market Size By Region, 2016–2023 (USD Million)
Table 12 Government: Market Size By Region, 2016–2023 (USD Million)
Table 13 Healthcare and Life Sciences: Market Size By Region, 2016–2023 (USD Million)
Table 14 Telecom and IT: Market Size By Region, 2016–2023 (USD Million)
Table 15 Retail and Ecommerce: Market Size By Region, 2016–2023 (USD Million)
Table 16 Transport and Logistics: Market Size By Region, 2016–2023 (USD Million)
Table 17 Real Estate: Market Size By Region, 2016–2023 (USD Million)
Table 18 Media and Entertainment: Market Size By Region, 2016–2023 (USD Million)
Table 19 Travel and Hospitality: Market Size By Region, 2016–2023 (USD Million)
Table 20 Others: Market Size By Region, 2016–2023 (USD Million)
Table 21 Blockchain Identity Management Market Size, By Region, 2016–2023 (USD Million)
Table 22 North America: Market Size By Provider, 2016–2023 (USD Million)
Table 23 North America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 24 North America: Market Size By Vertical, 2016–2023 (USD Million)
Table 25 North America: Market Size By Country, 2016–2023 (USD Million)
Table 26 Europe: Market Size By Provider, 2016–2023 (USD Million)
Table 27 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 28 Europe: Market Size By Vertical, 2016–2023 (USD Million)
Table 29 Europe: Market Size By Country, 2016–2023 (USD Million)
Table 30 Asia Pacific: Blockchain Identity Management Market Size, By Provider, 2016–2023 (USD Million)
Table 31 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 32 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Million)
Table 33 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 34 Middle East and Africa: Market Size By Provider, 2016–2023 (USD Million)
Table 35 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 36 Middle East and Africa: Market Size By Vertical, 2016–2023 (USD Million)
Table 37 Middle East and Africa: Market Size By Subregion, 2016–2023 (USD Million)
Table 38 Latin America: Blockchain Identity Management Market Size, By Provider, 2016–2023 (USD Million)
Table 39 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 40 Latin America: Market Size By Vertical, 2016–2023 (USD Million)
Table 41 Latin America: Market Size By Country, 2016–2023 (USD Million)
Table 42 New Product Launches/Product Enhancements, 2017–2018
Table 43 Business Expansions, 2018
Table 44 Partnerships, Agreements, and Collaborations, 2017–2018
Table 45 Mergers and Acquisitions, 2016

List of Figures (27 Figures)

Figure 1 Global Blockchain Identity Management Market Segmentation
Figure 2 Global Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Blockchain Identity Management Market: Assumptions
Figure 8 Market By Provider
Figure 9 North America is Estimated to Hold the Largest Market Share in 2018
Figure 10 Top 3 Revenue Segments of the Blockchain Identity Management Market
Figure 11 Increasing Demand for Self-Sovereign Identification is Expected to Boost the Growth of the Blockchain Identity Management Market During the Forecast Period
Figure 12 Infrastructure Providers Segment and North America are Estimated to Have the Largest Market Shares in 2018
Figure 13 Large Enterprises Segment is Estimated to Have the Larger Market Share in 2018
Figure 14 Asia Pacific is Expected to Emerge as the Best Market for Investments in the Next 5 Years
Figure 15 Banking, Financial Services, and Insurance Vertical is Projected to Have the Largest Market Size By 2023
Figure 16 Blockchain Identity Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Application Providers Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 19 Banking, Financial Services, and Insurance Vertical is Expected to Have the Largest Market Size During the Forecast Period
Figure 20 Asia Pacific is Expected to Have the Fastest Growth Rate During the Forecast Period
Figure 21 North America: Market Snapshot
Figure 22 Asia Pacific: Market Snapshot
Figure 23 Key Developments By the Leading Players in the Blockchain Identity Management Market, 2015–2018
Figure 24 AWS: Company Snapshot
Figure 25 IBM: Company Snapshot
Figure 26 Microsoft: Company Snapshot
Figure 27 Oracle: Company Snapshot

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  • AWS
  • Bitfury
  • Bitnation
  • Blockverify
  • BTL Group
  • Cambridge Blockchain
  • Civic Technologies
  • Coinfirm
  • Evernym
  • Existenceid
  • Factom
  • IBM
  • Key Innovators
  • KYC-Chain
  • Microsoft
  • Netki
  • Neuroware
  • Nodalblock
  • Oracle
  • Originalmy
  • Peer Ledger
  • ShoCard
  • Tradle
  • UniqID
  • uPort
Note: Product cover images may vary from those shown
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