Industry Background:
Blockchain-based identity provides ease of identity management in various industries, it validates and double-checks the identity and gives a verified data registry. It provides advanced safety ad security and reduces the risk of potential identity theft-related issues in an organization. There are several types of digital identities used in the technology like centralized, federated, user-centric, self-sovereignThis growth is primarily driven by Growing Identity-Related Thefts and Issues in Various Industry
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Integrated Telecommunication Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IBM (United States), Microsoft (United States), Oracle (United States), Civic Technologies (United States), Factom (United States), Blockchains LLC. (United States), KYC-Chain (Hong Kong), Exonum (Netherlands), Evernym (United States), Okta, Inc. (United States) and Netki, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 1st December 2020, Coindesk – An identity management provider backed by PayPal, Foxconn, and others has been acquired by Nevada-based holding company Blockchains LLC.
On 11th March 2021, Civic, a leading innovator in digital identity solutions, announced a technology integration with Solana, a project implementing a new, high-performance, permissionless blockchain. The collaboration will allow for improved privacy, regulatory compliance, and ease of use as digital identity takes center stage as the cornerstone of the new wave of consumer-first blockchain infrastructure.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Emerging Cryptocurrencies and Similar Technology in Market
Market Growth Drivers:
Growing Identity-Related Thefts and Issues in Various Industry and Demand for the Automation in Identity Management for the Decentralized Web
Challenges:
Several Hacking-Related Concerns with Blockchain-based Identity Technology
Restraints:
Stringent Regulatory Compliances Involved in Blockchain-based Identity
Opportunities:
Rising Potential of Decentralized Identity Will Boost the Blockchain-based Identity Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Blockchain based Identity Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Blockchain based Identity Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Blockchain based Identity players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Blockchain based Identity Study Sheds Light on
The Blockchain based Identity Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Blockchain based Identity industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Blockchain based Identity industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.