Blockchain Identity Management Market is Estimated to Grow at a Significant Rate during the Forecast Period 2018–2023

Pune, India, June 13, 2018, MRFR Press Release/- Market Research Future published a half cooked research report on blockchain identity management market.

Market Highlights

The accurate integration and verification of the users’ data encourage the organizations to adopt blockchain identity management solutions on a large scale. Blockchain technology allows users to decide which identity data it wants to share. The major factors contributing to the growth of blockchain identity management is the growing demand for self-sovereign identification, rising security concerns with existing models, and high-speed transactions in business. However, lack of common set of regulatory standards and uncertain regulatory landscape and concerns regarding the authenticity of the users is hindering the market growth. Civic is a blockchain-based identity management platform which tackles the problem of user identity theft and reduces online identity fraud.

Key players

The prominent players in the market of Blockchain Identity Management are,  IBM (US), AWS (US), Civic Technologies (US), KYC-Chain (Hong Kong), Bitfury (US), Evernym (US), Factom (US), Netki (US), ShoCard (US), UniquID (US).

Other players in the market include 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).

Regional Analysis

The global market for blockchain identity management is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of blockchain identity management market is covered for North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to emerge as the leading market during the forecast period owing to the growth in venture capital funding. This is due to increase in a number of startups and thereby rising government focus on regulating the blockchain technology identity management. North America is estimated to hold the largest market in 2018 due to advancement in terms of technology and infrastructure. Recognizing the potential of blockchain technology for identity verification across various organizations in the region. The primary driving factor for the blockchain identity management market in this region is the strong presence of key industry players offering blockchain identity management solutions.