Blockchain Identity Management Market to Grow Annually by 79.2% CAGR from 2019 to 2026 – All-Time Highs

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Blockchain Identity Management Market

Growing security issues with existing models across the world, growing demand for blockchain identity solutions in industry.

PORTLAND, PORTLAND, OR, USA, Sept. 7, 2022 /EINPresswire.com/ — Allied Market Research has released a new report, titled, “Blockchain Identity Management Market to Grow CAGR 79.2% Annually from 2019 to 2026 – Breaking all-time records.” The report offers an in-depth analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces Analysis, and competitive landscape. This study is a useful source of information for market players, investors, VPs, stakeholders and new entrants to gain an in-depth understanding of the industry and determine the steps to be taken to obtain a competitive advantage.

The Global Blockchain Identity Management Market is forecast to be USD 107 Million in 2018 and is projected to reach USD 11.46 Billion by 2026, registering a CAGR of 79.2% during the study period.

The report offers key drivers propelling the growth of the Global Blockchain Identity Management Market. This information helps market players design strategies to gain market presence. The research also highlighted market constraints. Opportunity insights are mentioned to help market players take further steps by determining the potential in untapped regions.

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Increasing transaction transparency, increasing need to ensure product quality, reliability, authenticity and safety, and increasing investment by retail industries in solutions based on blockchain are fueling the growth of the global blockchain identity management market. On the other hand, the lack of qualified experts hampers the growth to some extent. Nevertheless, the rapid evolution of the retail sector and international trade is expected to pave the way for a number of opportunities for major players in the industry.

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Based on organization size, the large enterprise segment accounted for more than four-fifths of the global blockchain identity management market revenue in 2018 and is expected to rule over the estimated period. The growing need to eliminate conventional problems, innovate new solutions and deliver real business results are the major factors driving the growth of the segment. At the same time, the small and medium business segment would grow at the fastest CAGR of 85.7% throughout the forecast period. The increased need to shift from traditional business models to digital businesses is fueling growth.

Based on the service provider, the infrastructure provider segment contributed more than half of the global blockchain identity management market share in 2018 and is expected to dominate throughout the study period. The increasing need to scale organizations’ infrastructure in a secure and sustainable manner is driving the growth of this segment. Simultaneously, application vendor segment would exhibit the fastest CAGR of 84.8% by the end of 2026. Rising need to reduce the involvement of third parties or intermediaries is the key factor driving market demand for this segment.

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Based on geography, North America held the largest share in 2018, generating nearly half of the global blockchain identity management market. This is due to the presence of major market players in this province. The Asia-Pacific region, on the other hand, would cite the fastest CAGR of 89.7% by 2026. Rising data security concerns and customer demands are major factors propelling demand for blockchain among retailers in this region.

Some of the key blockchain identity management industry players profiled in the report include Amazon Web Services, Inc. (AWS), Auxesis Services & Technologies (P) Ltd., Bitfury Group Limited, Cognizant, Infosys Limited, International Business Machines Corporation (IBM), Microsoft Corporation, Oracle Corporation, SAP SE and Tata Consultancy Services Limited.

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Key Benefits:

• The report provides qualitative and quantitative analysis of current Blockchain Identity Management market trends, forecasts and market size from 2019 to 2026 to determine new opportunities.

• Porter’s Five Forces Analysis highlights the ability of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.

• Key impact drivers and key investment pockets are highlighted in research.

• The main countries of each region are analyzed and their contribution to revenue is mentioned.

• Market player positioning segment helps to understand the current position of the market players active in the Blockchain Identity Management industry.

Report key offerings:

• Key Drivers and Opportunities: Detailed analysis of driving factors and opportunities in different segments for strategy development.

• Current trends and forecasts: comprehensive analysis of the latest trends, development and forecasts for the next few years in order to take the next steps.

• Segmental Analysis: Analysis of each segment and drivers, as well as revenue forecast and growth rate analysis.

• Regional Analysis: In-depth analysis of each region helps market players design expansion strategies and leapfrog.

• Competitive Landscape: Detailed information on each of the major market players to define a competitive scenario and take action accordingly.

Thank you for reading this article; you can also get individual chapter wise section or region wise report versions like North America, Europe or Asia.

If you have any special requirements, please let us know and we will offer the report according to your needs.

Finally, this report provides market insights in the most comprehensive way. The structure of the report has been kept to provide maximum business value. It provides essential insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those looking to enter the market.

Other trend report:

1. Blockchain AI Market

About Us

Allied Market Research (AMR) is a market research and business consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services and market insights across 11 verticals. By adopting in-depth research methodologies, AMR helps its clients make strategic business decisions and achieve sustainable growth in their market areas. We are staffed with qualified analysts and experts and have extensive experience working with many Fortune 500 companies and small and medium enterprises.

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Allied Analytics LLP
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