Blockchain Identity Management Market Expected to Generate Revenue of USD 41,700 Million by 2030, Globally, at 87.9% CAGR: Verified Market Research®

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and competition must overcome, as well as emerging opportunities and trends in the global Blockchain Identity Management market.

JERSEY CITY, NJ, 9 January 2023 /PRNewswire/ — Verified Market Research® recently published a report, “Blockchain Identity Management Market” By vendor (application vendors, middleware vendors), by vertical (medical and entertainment, real estate, BFSI, transportation and logistics) and by geography.

According to the deep research conducted by Verified Market Research®, the global Blockchain Identity Management Market size was valued at USD 142.7 million in 2021 and is expected to reach USD 41,700 million by 2030, growing at a CAGR of 87.9% from 2023 to 2030.

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Browse in-depth TOC on “Blockchain Identity Management Market”

202 – Pages

126 – Tables

37 – Numbers

Global Blockchain Identity Management Market Overview

Blockchain is the decentralized way of managing financial transactions in the form of a digital ledger. Blockchain improves many industries by providing solutions such as security, transparency and other features. Another reason why blockchain identity solutions are becoming popular is that the currently available identity solutions such as publicly issued IDs are nowhere near secure and have many major flaws. Blockchain provides a way to create a digital identity with enhanced encryption for security purposes. Through these security measures, Blockchain allows organizations and individuals to save money and time.

The growing concern regarding trust and transaction transparency in industries is driving the demand for blockchain identity solutions. Blockchain requires no intermediaries for its operation and it secures the digital data through encryption. Instead of a central intermediary, blockchain uses the blockchain network connected to various systems and people around the world to manage any transaction. Due to these security measures, governments are also promoting the use of blockchain in various applications which are estimated to boost the market during the forecast period.

The story continues

Verified Market Research® narrows down the available data by using primary sources to validate the data and use it to compile a full-fledged market research. The report contains a quantitative and qualitative estimation of market elements that interest the customer. The “Global Blockchain Identity Management Market” is mainly divided into sub-segments which can provide classified data on the latest trends in the market.

Key players

The study report “Global Blockchain Identity Management Market” will provide valuable insights focusing on the global market. The biggest players in the market are Cambridge Blockchain LLC, Amazon Web Services, Inc, Evernym Inc, Microsoft Corporation, Bitfury Group Limited, KYC-CHAIN ​​LIMITED, Blockverify, Civic Technologies, IBM Corporation, Oracle Corporation.

Based on the research, Verified Market Research® has segmented the global Blockchain Identity Management market into vendor, vertical and geography.

• Blockchain Identity Management Market, by Vendor

• Blockchain Identity Management Market, by Vertical

• Blockchain Identity Management Market, by Geography

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