Global Block Chain Identity Management Introduction:Global Block Chain Identity Management market is predicted to value over USD 3 billion by 2026 end and grow at a CAGR of over 80% during the forecast period 2019 to 2026.
Along with all businesses going digital, online fraud and identity theft have also been on a rise which has raised some issues over the consumer database protection. This is one of the major reasons as to why blockchain identity management systems are being implemented by all the big companies worldwide. Some of the advantages that blockchain identity management system has is a reduction in the number of compliance steps providing an improved experience for the end user. Also, increasing demand for KYC simplification and self-sovereign identification are driving forward to the global market.
Global Block Chain Identity Management Overview:Regionally, the global block chain identity management market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America leads the global market due to the adoption of digital technology at a higher rate by companies in the U.S and Canada.
In Europe, countries like Switzerland, France, Germany, Italy have adopted digital identification solutions due to which the blockchain identity management market is also expected to get a boost during the forecast period.
Sector-wise, the market is segmented into BFSI, government, telecom and IT, healthcare, retail and e-commerce, real estate, logistics and transport, hospitality, media and entertainment, education and automotive. Based on service providers, the global block chain identity management market is segmented into infrastructure providers, application providers and middleware providers.
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Global Block Chain Identity Management Overview:
1. By Region• North America
• Asia Pacific
• Middle East & Africa
• Latin America
2. By Sector• BFSI
• Telecom and IT
• Retail and E-commerce
• Logistics and Transport
• Real Estate
• Media and Entertainment
3. By Service Providers• Application Providers
• Middleware Providers
• Infrastructure Providers
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Competitive Landscape:• IBM
• Civic technologies
FutureWise Key Takeaways:• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:• To provide with an exhaustive analysis on the global blockchain identity management market by region, by sector, by service providers
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Middle East & Africa and Latin America
• To record evaluate and competitive landscape mapping- product launches
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