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
[128 Pages Report] The global blockchain identity management market size was USD 58.3 Million in 2017 and is projected to reach USD 1,929.9 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 84.5% during the forecast period. The base year considered for the study is 2017, and the forecast period is from 2018 to 2023.
The objective of the report is to define, describe, and forecast the blockchain identity management market by provider, vertical, and region. The report analyzes the opportunities in the market for stakeholders by identifying the high-growth segments of the market. It profiles the key players of the market and comprehensively analyzes their core competencies, such as new product launches; partnerships, agreements, and collaborations. The report also covers detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.
The research methodology used to estimate and forecast the blockchain identity management market begins with capturing data from various industry associations and consortiums, such as Enterprise Ethereum Alliance (EEA), Hyperledger Consortium, Global Blockchain Business Council, Blockchain Collaborative Consortium (BCCC), and R3CEV Blockchain Consortium, and other sources, including company financials, journals, press releases, paid databases, and annual reports. The bottom-up procedure was employed to arrive at the overall market size from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, executives, and cybersecurity technologists. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all the segments and subsegments. The breakdown of primary profiles is depicted in the following figure:
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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 stakeholders in the market include blockchain identity management technology providers, independent software vendors, consulting firms, system integrators, Value-added Resellers (VARs), and Information Technology (IT) agencies.
Key target audience of the blockchain identity management market report is given below:
- Regulatory bodies
- Blockchain technology solution vendors
- Independent Software Vendors (ISVs)
- Consulting firms
- VARs
The study answers several questions for the stakeholders; primarily, which market segments to focus on in the next 2 to 5 years for prioritizing their efforts and investments.
Scope of the Blockchain Identity Management Market Report
|
Report Metric |
Details |
|
Market size available for years |
20162023 |
|
Base year considered |
2017 |
|
Forecast period |
20182023 |
|
Forecast unit |
Value (USD) |
|
Segments covered |
Provider, Organization Size, Vertical & Region |
|
Geographies covered |
North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA) |
|
Companies covered |
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 research report segments the market into the following submarkets:
Blockchain Identity Management Market By Provider
- Application Providers
- Middleware Providers
- Infrastructure Providers
Market By Vertical
- BFSI
- Government
- Healthcare and Life Sciences
- Telecom and IT
- Retail and e-Commerce
- Transport and Logistics
- Real Estate
- Media and Entertainment
- Travel and Hospitality
- Others (Automotive, Education, and Energy & Utilities)
Blockchain Identity Management Market By Region
- North America
- Europe
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:
Geographic Analysis
- Further breakdown of the North American blockchain identity management market
- Further breakdown of the European market
- Further breakdown of the APAC market
- Further breakdown of the MEA market
- Further breakdown of the Latin American market
Company Information
Detailed analysis was performed to get detailed information regarding the competitors in the blockchain identity management market based on their solutions offerings and business strategies. The report reviews the major players offering blockchain identity management solutions. In addition, the report will outline the findings and analysis on how well each blockchain identity management provider performs within the MarketsandMarkets criteria.
The blockchain identity management market 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 major driving factors in the market are, rising security concerns with existing models across the globe, growing demand for blockchain identity solutions across industry verticals and for self-sovereign identification, and easing the business functions through high-transaction speed and immutability.
The blockchain identity management market research study aims at estimating the market size and future growth potential of the market across segments, such as provider, vertical, and region. The vertical segment covers Banking, Financial Services and Insurance (BFSI); government; healthcare and life sciences; telecom and IT; retail and e-commerce; transport and logistics; real estate; media and entertainment; travel and hospitality; and others (automotive, education, and energy & utilities). The real estate vertical is expected to grow at the highest CAGR during the forecast period. The blockchain technology for identity managements solution and services various advantages, such as the integration and the verification of the users more accurately, while addressing the challenges pertaining to the data management and privacy will encourage organizations to adopt the blockchain identity management solutions on a large scale.
The blockchain identity management market has been segmented on the basis of providers into 3 categories: application providers, middleware providers, and infrastructure providers. These providers offer infrastructure to develop in the blockchain-based platforms. Among these types, the application providers type is the fastest growing segment in the overall market. The introduction of technologically advanced blockchain solutions has witnessed a certain level of adoption across industry verticals thereby fuelling the overall market growth.
In terms of geographic coverage, the blockchain identity management market has been segmented into 5 major regions, namely, North America, Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. North America is estimated to hold the largest size of the overall market in 2018. North America is considered the most advanced region in terms of technology adoption and infrastructure. The strong presence of key industry players of blockchain technology solutions in the region is the main driving factor for the market. Various organizations including governments in North America are adopting the blockchain identity management technology.
Furthermore, APAC is expected to grow at the highest rate during the forecast period, due to the increasing venture capital funding, significant growth in the number of startups venturing into the marketspace, and governments focusing on regulating the blockchain technology. The key financial hubs and government organizations in major APAC countries, such as Japan, Australia, New Zealand, Hong Kong, and Singapore, provide many opportunities for the adoption of the blockchain identity management solutions. However, lack of common set of regulatory standards and uncertain regulatory landscape and concerns over the authenticity of the user can hinder the growth of the market in various regions.
The major Blockchain Identity Management Market vendors include 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). These players majorly adopted partnerships and new product launches as the key growth strategies to offer feature-rich blockchain identity management solutions to their customers and enter new regions.
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Table of Contents
1 Introduction (Page No. - 14)
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 (Page No. - 17)
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 Blockchain Identity Management 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 (Page No. - 24)
4 Premium Insights (Page No. - 28)
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 Blockchain Identity Management Market Overview and Industry Trends (Page No. - 31)
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 (Page No. - 41)
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 (Page No. - 47)
7.1 Introduction
7.2 Large Enterprises
7.3 Small and Medium-Sized Enterprises
8 Market By Vertical (Page No. - 51)
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 (Page No. - 62)
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 (Page No. - 79)
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 (Page No. - 83)
11.1 Introduction
(Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
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
*Details on Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 121)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets 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, 20162023 (USD Million, Y-O-Y %)
Table 2 Innovation Spotlight: Latest Blockchain Identity Management Solutions
Table 3 Market Size By Provider, 20162023 (USD Million)
Table 4 Application Providers: Market Size By Region, 20162023 (USD Million)
Table 5 Middleware Providers: Market Size By Region, 20162023 (USD Million)
Table 6 Infrastructure Providers: Market Size By Region, 20162023 (USD Million)
Table 7 Market Size By Organization Size, 20162023 (USD Million)
Table 8 Large Enterprises: Market Size By Region, 20162023 (USD Million)
Table 9 Small and Medium-Sized Enterprises: Blockchain Identity Market Size, By Region, 20162023 (USD Million)
Table 10 Blockchain Identity Management Market Size, By Vertical, 20162023 (USD Million)
Table 11 Banking, Financial Services, and Insurance: Market Size By Region, 20162023 (USD Million)
Table 12 Government: Market Size By Region, 20162023 (USD Million)
Table 13 Healthcare and Life Sciences: Market Size By Region, 20162023 (USD Million)
Table 14 Telecom and IT: Market Size By Region, 20162023 (USD Million)
Table 15 Retail and Ecommerce: Market Size By Region, 20162023 (USD Million)
Table 16 Transport and Logistics: Market Size By Region, 20162023 (USD Million)
Table 17 Real Estate: Market Size By Region, 20162023 (USD Million)
Table 18 Media and Entertainment: Market Size By Region, 20162023 (USD Million)
Table 19 Travel and Hospitality: Market Size By Region, 20162023 (USD Million)
Table 20 Others: Market Size By Region, 20162023 (USD Million)
Table 21 Blockchain Identity Management Market Size, By Region, 20162023 (USD Million)
Table 22 North America: Market Size By Provider, 20162023 (USD Million)
Table 23 North America: Market Size By Organization Size, 20162023 (USD Million)
Table 24 North America: Market Size By Vertical, 20162023 (USD Million)
Table 25 North America: Market Size By Country, 20162023 (USD Million)
Table 26 Europe: Blockchain Identity Management Market Size By Provider, 20162023 (USD Million)
Table 27 Europe: Market Size By Organization Size, 20162023 (USD Million)
Table 28 Europe: Market Size By Vertical, 20162023 (USD Million)
Table 29 Europe: Market Size By Country, 20162023 (USD Million)
Table 30 Asia Pacific: Blockchain Identity Management Market Size, By Provider, 20162023 (USD Million)
Table 31 Asia Pacific: Market Size By Organization Size, 20162023 (USD Million)
Table 32 Asia Pacific: Market Size By Vertical, 20162023 (USD Million)
Table 33 Asia Pacific: Market Size By Country, 20162023 (USD Million)
Table 34 Middle East and Africa: Blockchain Identity Management Market Size By Provider, 20162023 (USD Million)
Table 35 Middle East and Africa: Market Size By Organization Size, 20162023 (USD Million)
Table 36 Middle East and Africa: Market Size By Vertical, 20162023 (USD Million)
Table 37 Middle East and Africa: Market Size By Subregion, 20162023 (USD Million)
Table 38 Latin America: Blockchain Identity Management Market Size, By Provider, 20162023 (USD Million)
Table 39 Latin America: Market Size By Organization Size, 20162023 (USD Million)
Table 40 Latin America: Market Size By Vertical, 20162023 (USD Million)
Table 41 Latin America: Market Size By Country, 20162023 (USD Million)
Table 42 New Product Launches/Product Enhancements, 20172018
Table 43 Business Expansions, 2018
Table 44 Partnerships, Agreements, and Collaborations, 20172018
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 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, 20152018
Figure 24 AWS: Company Snapshot
Figure 25 IBM: Company Snapshot
Figure 26 Microsoft: Company Snapshot
Figure 27 Oracle: Company Snapshot
Growth opportunities and latent adjacency in Blockchain Identity Management Market