Blockchain Identity Management Market Impressive Growth | Bitnation, Blockverify, BTL Group Ltd., Cambridge Blockchain, LLC, Civic Technologies, Inc., Coinfirm, Evernym, Inc
Blockchain Identity Management Market Overview-:
Global blockchain identity management market is projected to register a CAGR of 52.5% in the forecast period of 2019 to 2026.Blockchain identity management offers a secure and decentralized solution for digital identity enabling distributed trust model. The blockchain technology is transforming the existing identity management system by offering the self-sovereign identity over decentralized networks as sharing multiple IDs may lead to security concerns and data breaches. Since blockchain enables decentralization, it eliminates the aforementioned intermediaries between any interaction and communication. Blockchain technology helps improving the existing identity management by resolving the issues of identity theft, KYC onboarding, and lack of control over personal data.
The blockchain identity management solution works by registering for global ID, followed by upload of know-your-customer (KYC) documents, verification of KYC documents, generating trust score of the individual and providing a digital ID. We can implement this solution over permissioned and permissionless networks, i.e., private and public networks respectively, although permissioned networks are more secure as it allows access based on the invites only.
Blockchain identity management has been adopted by various industries such as banking, financial services, government services, telecom & IT, e-commerce, supply chain management, travel & hospitality and life sciences & healthcare among other industries, due to its transparency and security.
Global Blockchain Identity Management Market By Networks (Permissioned, Permissionless), Provider (Application Providers, Middleware Providers, Infrastructure Providers), Organization Size (Large Enterprise, Small Enterprises, Medium-Sized Enterprises), Industry (BFSI, Government, Healthcare and Life Sciences, Telecom and IT, Retail and E-Commerce, Transport and Logistics, Real Estate, Media and Entertainment, Travel and Hospitality, Others) and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and Middle East and Africa) – Industry Trends and Forecast to 2026
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Key Manufacturers/Companies/Vendors Overview of Blockchain Identity Management covered:
Amazon Web Services, Inc., Bitfury Group Limited, Bitnation, Blockverify, BTL Group Ltd., Cambridge Blockchain, LLC, Civic Technologies, Inc., Coinfirm, Evernym, Inc., Factom, Existence ID, IBM Corporation, KYC-CHAIN LIMITED, Netki, Microsoft, Neuroware, OriginalMy.com, Peer Ledger, Inc., uPort, UniqID, Tradle, Oracle, ShoCard, Nodalblock among others.
Founded in 1911 and headquartered in New York, USA. IBM Corporation is engaged in production and selling of hardware, middleware and software. The revenue of the company in 2018 was USD 79,591 Million. The company has its geographic presence in North America, Latin America, Europe, Middle East & Africa, and Asia-Pacific. Some of the subsidiaries are FileNet (USA), Trusteer (USA), Urbancode (USA), The Weather Company (USA), IBM Global Services (USA), SoftLayer (USA) among others.
Overview of Market-:
Blockchain Identity Management market research report also examines competitive companies and manufacturers in the global market. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report. The Blockchain Identity Management market report comprises of primary, secondary and advanced information about the global market with respect to status, trends, size, share, growth, and segments in the forecasted period of 2018 – 2025. Blockchain Identity Management research study lends a hand to the purchaser in comprehending the various drivers and restraints with their effects on the market during the forecast period.
- In February, 2019, IBM unveiled its latest product portfolio for Internet of things (IoT) solutions which involve advanced analytics and artificial intelligence for assisting intensive organizations such as Metropolitan Atlanta Rapid Transit Authority.
- In November, 2018, Amazon Web Services announced its 13 latest machine learning capabilities and services, which include 1/18 scale autonomous racing car for developers and a custom chip for machine learning inference.
- In October, 2018, Civic Technologies, Inc. launched a new solution, Civic Connect. Civic Connect is an app-to-app integration which enables mobile apps to integrate Civic Secure Login and reusable KYC to authenticate users.
- In April, 2018, BTL Group Ltd. announced the launch of Interbit platform for testing and feedback. Interbit is proprietary next-generation token free blockchain platform which is built to address the scalability and privacy shortcomings of blockchain platforms.
- In November, 2016, Bitnation released marriage app on Ethereum Blockchain. The application went into Ethereum Hackathon. This application is a functional jurisdiction in a robust marriage contract, such as ability to choose code of arbitrator, law and create a sign, an escrow, timestamp or contract.
Global Blockchain Identity Management Market Key Factors:
Business description – A detailed description of the company’s operations and business divisions.
Corporate strategy – Analyst’s summarization of the company’s business strategy.
SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats.
Company history – Progression of key events associated with the company.
Major products and services – A list of major products, services and brands of the company.
Essential Points to focus on -:
- This report gives stick guide investigation toward changing competitive elements.
- It gives a forward-looking point of view on various variables driving or limiting business sector development.
- It gives five-year estimate surveyed based on how the market is anticipated to develop.
- Includes strategies of key players along with their profiles.
- In-profundity market division analysis.
- Presents recent industry patterns and advancements.
Potential Held by the Report:
- Recent industry trends and developments
- Market Penetration: Comprehensive information on the product portfolios of the top players in the trocars market
- To gain insightful analyses of the market and have a comprehensive understanding of the “Blockchain Identity Management Market” and its commercial landscape
- To understand the future outlook and prospects for market analysis and forecast 2019-2026.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
Lastly, the Blockchain Identity Management Market study provides essential information about the major challenges that are going to influence market growth. The report additionally provides overall details about the business opportunities to key stakeholders to expand their business and capture revenues in the precise verticals. The report will help the existing or upcoming companies in this market to examine the various aspects of this domain before investing or expanding their business in the Blockchain Identity Management market.
Research Methodology: Global Blockchain Identity Management Market
Primary Respondents: OEMs, Manufacturers, Engineers, Industrial Professionals.
Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers
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