DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Blockchain Identity Management Market, By Provider
7 Blockchain Identity Management Market, By Organization Size
8 Blockchain Identity Management Market, By Vertical
9 Blockchain Identity Management Market, By Region
10 Competitive Landscape
11 Company Profiles
- BTL Group
- Cambridge Blockchain
- Civic Technologies
- Key Innovators
- Peer Ledger
For more information about this report visit https://www.researchandmarkets.com/research/tqxj4p/blockchain?w=4