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Blockchain Identity Management Market and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4989527
  • Report
  • November 2019
  • Region: Global
  • 252 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Amazon Web Services Inc.
  • Bitfury Group Limited
  • Blockverify
  • Cambridge Blockchain LLC
  • Civic Technologies
  • Evernym Inc.
  • MORE
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.

The global blockchain identity management market is segmented on the basis of service providers, organization size, industry vertical, and region. Based on service providers, the market is divided into application provider, middleware provider, and infrastructure provider. Based on organization size, the market is classified into large enterprises and small & medium enterprises. Based on industry vertical, the market is classified into BFSI, government, healthcare, automotive & transportation, retail, IT & telecom, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the market. These include Amazon Web Services, Inc., Bitfury Group Limited, Blockverify, Cambridge Blockchain LLC, Civic Technologies, Evernym Inc., IBM Corporation, KYC-CHAIN LIMITED, Microsoft Corporation, and Oracle Corporation.

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 MARKET SEGMENTS

By SERVICE PROVIDERS
  • Infrastructure Providers
  • Middleware Providers
  • Application Providers
By ORGANIZATION SIZE
  • Large Enterprises
  • Small & Medium Enterprises (SMEs)
By INDUSTRY VERTICAL
  • BFSI
  • Government
  • Healthcare
  • Automotive & Transportation
  • Retail and E-commerce
  • Others
By REGION
  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Key MARKET PLAYERS PROFILED IN THE REPORT
  • Amazon Web Services, Inc.
  • Bitfury Group Limited
  • Blockverify
  • Cambridge Blockchain LLC
  • Civic Technologies
  • Evernym Inc.
  • IBM Corporation
  • KYC-CHAIN LIMITED
  • Microsoft Corporation
  • Oracle Corporation
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amazon Web Services Inc.
  • Bitfury Group Limited
  • Blockverify
  • Cambridge Blockchain LLC
  • Civic Technologies
  • Evernym Inc.
  • MORE
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
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis, By Country
5.3. Identity Management
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis, By Country
5.4. Supply Chain Management
5.4.1. Key Market Trends, Growth Factors, And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis, By Country
5.5. Payments And Smart Contracts
5.5.1. Key Market Trends, Growth Factors, And Opportunities
5.5.2. Market Size And Forecast, By Region
5.5.3. Market Analysis, By Country
5.6. Compliance Management
5.6.1. Key Market Trends, Growth Factors, And Opportunities
5.6.2. Market Size And Forecast, By Region
5.6.3. Market Analysis, By Country
5.7. Others
5.7.1. Key Market Trends, Growth Factors, And Opportunities
5.7.2. Market Size And Forecast, By Region
5.7.3. Market Analysis, By Country

Chapter 6: Blockchain Identity Management Market, By Organization Size
6.1. Overview
6.2. Large Enterprises
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis, By Country
6.3. Small And Medium Enterprises (Smes)
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis, By Country

Chapter 7: Global Blockchain Identity Management Market, By Region
7.1. Overview
7.1.1. Market Size And Forecast, By Region
7.2. North America
7.2.1. Key Market Trends, Growth Factors And Opportunities
7.2.2. Market Size And Forecast, By Component
7.2.3. Market Size And Forecast, By Application
7.2.4. Market Size And Forecast, By Organization Size
7.2.5. Market Analysis, By Country
7.2.5.1. U.S.
7.2.5.1.1. Market Size And Forecast, By Component
7.2.5.1.2. Market Size And Forecast, By Application
7.2.5.1.3. Market Size And Forecast, By Organization Size
7.2.5.2. Canada
7.2.5.2.1. Market Size And Forecast, By Component
7.2.5.2.2. Market Size And Forecast, By Application
7.2.5.2.3. Market Size And Forecast, By Organization Size
7.3. Europe
7.3.1. Key Market Trends, Growth Factors And Opportunities
7.3.2. Market Size And Forecast, By Component
7.3.3. Market Size And Forecast, By Application
7.3.4. Market Size And Forecast, By Organization Size
7.3.5. Market Analysis, By Country
7.3.5.1. UK
7.3.5.1.1. Market Size And Forecast, By Component
7.3.5.1.2. Market Size And Forecast, By Application
7.3.5.1.3. Market Size And Forecast, By Organization Size
7.3.5.2. Germany
7.3.5.2.1. Market Size And Forecast, By Component
7.3.5.2.2. Market Size And Forecast, By Application
7.3.5.2.3. Market Size And Forecast, By Organization Size
7.3.5.3. France
7.3.5.3.1. Market Size And Forecast, By Component
7.3.5.3.2. Market Size And Forecast, By Application
7.3.5.3.3. Market Size And Forecast, By Organization Size
7.3.5.4. Spain
7.3.5.4.1. Market Size And Forecast, By Component
7.3.5.4.2. Market Size And Forecast, By Application
7.3.5.4.3. Market Size And Forecast, By Organization Size
7.3.5.5. Rest Of Europe
7.3.5.5.1. Market Size And Forecast, By Component
7.3.5.5.2. Market Size And Forecast, By Application
7.3.5.5.3. Market Size And Forecast, By Organization Size
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors And Opportunities
7.4.2. Market Size And Forecast, By Component
7.4.3. Market Size And Forecast, By Application
7.4.4. Market Size And Forecast, By Organization Size
7.4.5. Market Analysis, By Country
7.4.5.1. China
7.4.5.1.1. Market Size And Forecast, By Component
7.4.5.1.2. Market Size And Forecast, By Application
7.4.5.1.3. Market Size And Forecast, By Organization Size
7.4.5.2. India
7.4.5.2.1. Market Size And Forecast, By Component
7.4.5.2.2. Market Size And Forecast, By Application
7.4.5.2.3. Market Size And Forecast, By Organization Size
7.4.5.3. Japan
7.4.5.3.1. Market Size And Forecast, By Component
7.4.5.3.2. Market Size And Forecast, By Application
7.4.5.3.3. Market Size And Forecast, By Organization Size
7.4.5.4. Australia
7.4.5.4.1. Market Size And Forecast, By Component
7.4.5.4.2. Market Size And Forecast, By Application
7.4.5.4.3. Market Size And Forecast, By Organization Size
7.4.5.5. Rest Of Asia-Pacific
7.4.5.5.1. Market Size And Forecast, By Component
7.4.5.5.2. Market Size And Forecast, By Application
7.4.5.5.3. Market Size And Forecast, By Organization Size
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors And Opportunities
7.5.2. Market Size And Forecast, By Component
7.5.3. Market Size And Forecast, By Application
7.5.4. Market Size And Forecast, By Organization Size
7.5.5. Market Analysis, By Country
7.5.5.1. Latin America
7.5.5.1.1. Market Size And Forecast, By Component
7.5.5.1.2. Market Size And Forecast, By Application
7.5.5.1.3. Market Size And Forecast, By Organization Size
7.5.5.2. Middle East
7.5.5.2.1. Market Size And Forecast, By Component
7.5.5.2.2. Market Size And Forecast, By Application
7.5.5.2.3. Market Size And Forecast, By Organization Size
7.5.5.3. Africa
7.5.5.3.1. Market Size And Forecast, By Component
7.5.5.3.2. Market Size And Forecast, By Application
7.5.5.3.3. Market Size And Forecast, By Organization Size

Chapter 8: Competitive Landscape
8.1. Competitive Dashboard
8.2. Key Developments
8.2.1. New Product Launches
8.2.2. Partnership
8.2.3. Product Development
8.2.4. Collaboration
8.2.5. Acquisition
8.2.6. Agreement
8.3. Top Winning Strategies

Chapter 9: Company Profile
9.1. Amazon Web Services, Inc.
9.1.1. Company Overview
9.1.2. Key Executives
9.1.3. Company Snapshot
9.1.4. Operating Business Segments
9.1.5. Product Portfolio
9.1.6. Business Performance
9.1.7. Key Strategic Moves And Developments
9.2. Auxesis Services & Technologies (P) Ltd.
9.2.1. Company Overview
9.2.2. Key Executives
9.2.3. Company Snapshot
9.2.4. Product Portfolio
9.2.5. Key Strategic Moves And Developments
9.3. Bitfury Group Limited
9.3.1. Company Overview
9.3.2. Key Executives
9.3.3. Company Snapshot
9.3.4. Product Portfolio
9.3.5. Key Strategic Moves And Developments
9.4. Cognizant
9.4.1. Company Overview
9.4.2. Key Executives
9.4.3. Company Snapshot
9.4.4. Operating Business Segments
9.4.5. Product Portfolio
9.4.6. R&D Expenditure
9.4.7. Business Performance
9.4.8. Key Strategic Moves And Developments
9.5. Infosys Limited
9.5.1. Company Overview
9.5.2. Key Executives
9.5.3. Company Snapshot
9.5.4. Product Portfolio
9.5.5. R&D Expenditure
9.5.6. Business Performance
9.5.7. Key Strategic Moves And Developments
9.6. International Business Machines Corporation
9.6.1. Company Overview
9.6.2. Key Executives
9.6.3. Company Snapshot
9.6.4. Operating Business Segments
9.6.5. Product Portfolio
9.6.6. R&D Expenditure
9.6.7. Business Performance
9.6.8. Key Strategic Moves And Developments
9.7. Microsoft Corporation
9.7.1. Company Overview
9.7.2. Key Executives
9.7.3. Company Snapshot
9.7.4. Operating Business Segments
9.7.5. Product Portfolio
9.7.6. R&D Expenditure
9.7.7. Business Performance
9.7.8. Key Strategic Moves And Developments
9.8. Oracle Corporation
9.8.1. Company Overview
9.8.2. Key Executives
9.8.3. Company Snapshot
9.8.4. Operating Business Segments
9.8.5. Product Portfolio
9.8.6. R&D Expenditure
9.8.7. Business Performance
9.8.8. Key Strategic Moves And Developments
9.9. Sap Se
9.9.1. Company Overview
9.9.2. Key Executives
9.9.3. Company Snapshot
9.9.4. Operating Business Segments
9.9.5. Product Portfolio
9.9.6. R&D Expenditure
9.9.7. Business Performance
9.9.8. Key Strategic Moves And Developments
9.10. Tata Consultancy Services Limited
9.10.1. Company Overview
9.10.2. Key Executives
9.10.3. Company Snapshot
9.10.4. Product Portfolio
9.10.5. R&D Expenditure
9.10.6. Business Performance
9.10.7. Key Strategic Moves And Developments

*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amazon Web Services Inc.
  • Bitfury Group Limited
  • Blockverify
  • Cambridge Blockchain LLC
  • Civic Technologies
  • Evernym Inc.
  • MORE
According to the report titled, 'Blockchain Identity Management Market by Service Providers, Organization Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2026', 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.

Over the past few years, blockchain as a digital technology has developed a lot and has a large scope for improvement in the future. Among all the industries, the financial sector have been experiencing a major transformation. However, several industries such as healthcare, automotive, retail, and others are also exploring huge benefit of blockchain identity management market trends and its potential applications. Card-based payment, online payments methods, and loyalty rewards and management have become crucial and gathered massive traction in the recent past. However, blockchain is anticipated to provide support for all these changes by enabling real-time processing and increased speed of transaction. Moreover, industry players need to collaborate with numerous partners and external stakeholders on joint projects to test blockchains application into their respective businesses. Such factors are expected to create major opportunities for the blockchain identity management market growth in the coming years.

Furthermore, with suitable and appropriate partnership and collaboration, blockchain can improve identity management and supply chain visibility that can improve data and product management, sales forecasting and inventory control along with creating data and product legitimacy and provenance. In addition, blockchain can reduce costs and increase operational efficiency by eradicating the need for redundant databases and management systems across organizations. Moreover, the capability of blockchain to work in real time on shared common datasets and to enable secure compliance management is increasing the adoption of blockchain technology across numerous industry verticals. In addition, the conventional identity management process involves huge cost and risks when it comes to verify identities for cross-border transactions. In addition, each entity at every stage keeps their own records, which increases the chances of errors and inefficiency. Hence, such factors drive the demand for blockchain identity management.

Based on service provider the infrastructure provider segment garnered major blockchain identity management market revenue in 2018, and is expected to remain dominant during the forecast period. The growth of this segment is mainly attributed to increase in need to scale the organizations infrastructure in secure and sustainable way. Further, the application provider segment is expected to exhibit highest growth rate throughout the forecast period.
North America dominated the overall blockchain identity management market share in 2018, and is expected to remain dominant during the forecast period due to on-going developments in blockchain technology and presence of major market players. In addition, increase in data security concerns across retailers is also the key factor expected to fuel the blockchain identity management market growth in this region in upcoming years. Furthermore, Asia-Pacific is expected to exhibit highest growth rate over the forecast period.

According to Bhushan Jagtap, Research Analyst, ICT at Allied Market Research, “According to the blockchain identity management market analysis in Asia-Pacific, the market is projected to generate the highest growth rate during the forecast period, owing to increase in number of data breaches and pirated & counterfeit goods in this region.”

Key Finding of The Blockchain Identity Management Market:
Based on industry vertical, the BFSI industry dominated the market in 2018, and is expected to generate highest revenue during the forecast period. According to blockchain identity management market analysis, the growth of this segment is mainly attributed to increase in need to identify the right person and provide proof of any transaction between sender and receiver of the money. Moreover, increase in need to save costs on customers’ identification and verification is also the major factor that boost the market growth in this segment.
On the basis of organization size, the large enterprises segment dominated the overall blockchain identity management market in 2018, and is expected to remain dominant throughout the forecast period. On the contrary, small & medium size enterprise segment is expected to exhibit highest growth throughout the forecast period. The increase in need to move from traditional business models to digital business is the key factor that drives small organizations to adopt blockchain identity management solutions and services; thereby, fueling the market growth of this segment.
Some of the key blockchain identity management industry players profiled in the report include Amazon Web Services, Inc. (AWS), Auxesis Services & Technologies (P) Ltd., Bitfury Group Limited, Cognizant, Infosys Limited, International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, SAP SE, and Tata Consultancy Services Limited.
Note: Product cover images may vary from those shown
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  • Amazon Web Services Inc.
  • Bitfury Group Limited
  • Blockverify
  • Cambridge Blockchain LLC
  • Civic Technologies
  • Evernym Inc.
  • IBM Corporation
  • KYC-CHAIN LIMITED
  • Microsoft Corporation
  • Oracle Corporation
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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