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Market Research Report
Product code
1034891
Block Chain Identity Management Market Forecasts to 2028 - Global Analysis By Component (Platform, Services), Network (Permission Less, Permissioned), Provider (Application Providers, Infrastructure Providers) and By Geography |
Block Chain Identity Management Market Forecasts to 2028 - Global Analysis By Component (Platform, Services), Network (Permission Less, Permissioned), Provider (Application Providers, Infrastructure Providers) and By Geography |
Published: October 1, 2021
Stratistics Market Research Consulting
Content info: 200+ Pages
Delivery time: 2-3 business days
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According to Stratistics MRC, the Global Block Chain Identity Management Market is accounted for $362.18 million in 2020 and is expected to reach $4,4568.40 million by 2028 growing at a CAGR of 82.5 % during the forecast period. Rising demand for privacy & security solutions among enterprises and growing digitization of economies especially the developing ones are driving the market growth. However, lack of skilled experts and absence of a common set of regulatory standards is hampering the growth of the market.
Blockchain Identity Management Market is a tool comprises of a blockchain-based digital confirmation and verification process. This blockchain technology is stored and links data blocks by cryptography through virtual networks. The tool stores and encodes data on the user's mobile device using cryptography. Each information block contains an accurate and complete record of every transaction without any change after verification. Two types of blockchains are available which are public and private.
Based on the provider, the infrastructure segment is going to have lucrative growth during the forecast period, owing to the increased requirement to scale an organization's infrastructure in a protected and long-term manner is generally accountable for the segment's development.
By geography, North America is going to have high growth during the forecast period, owing to the existence of major market players and ongoing developments in blockchain technology. Additionally, an increase in data security concerns among retailers is also the key factor that is expected to fuel the blockchain identity management market growth across the province.
Some of the key players profiled in the Block chain Identity Management Market include AWS, Bitfury, Bitnation, Blockverify, BTL Group, Civic Technologies, Evernym, Factom, IBM, KYC-Chain, Netki, Nodalblock, ShoCard, Tradle, UniqID.
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Table17 Global Block Chain Identity Management Market Outlook, By Private Cloud (2019-2028) (US $MN)
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.