MarketResearchReports.Biz announced a new research study on the report "Blockchain Identity Management Market – Global analysis of the sector, dimensions, share, growth, trends and forecasts 2018-2026".
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Albany, NY – (SBWIRE) – 12/26/2018 – Blockchain technology refers to the recording of distributed and irreversible peer-to-peer information. Each "block" of information includes a complete and accurate record of all transactions that can not be changed once verified and cryptographically protected. Blockchain is used to create a platform that protects individuals' identities from theft. Significantly reduces the incidence of fraudulent activities. Technology helps organizations build strong blockchains that handle the reconciliation and authentication issues encountered in many industries. It also enables people to develop encrypted digital identities that can replace multiple user names and passwords while providing comprehensive security features that save resources and time from customers and institutions. Individuals can simply produce a self-sovereign identity on the blockchain. An individual identity entirely controlled and personally maintained by the individual is a self-sufficient identity. It is difficult to steal such an identity from an individual. This solves the problem of identity theft, which is common in the conventional identity management system. The practice of the use of authorized blockchains could also offer a decentralized way of registration. An individual would get an identity that is not dependent on any centralized authority and therefore can not be controlled or interfered by third parties without the consent of the individual.
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Increasing security concerns on conventional identity management models is significantly driving the blockchain identity management market. The increase in the demand for self-sufficient identification among companies is also fueling market growth. The implementation of blockchain technology is simplifying business functions thanks to the remarkable immutability and the speed of transactions. In mid-2017, a data breach by Equifax revealed data for 145.5 million users. The violation occurred due to a software flaw, which allowed hackers to take control of the company's website. Blockchain identity management solutions would help avoid losses due to improper management of identity.
The lack of technical awareness and skills required among companies regarding the implementation of blockchain identity management technology should hinder the market during the forecast period. Furthermore, the lack of certain regulatory standards limits the growth of the market. However, the wide use of blockchain identity solutions in cybersecurity, banking and IoT is expected to provide lucrative opportunities to the blockchain identity management market.
The global market https://www.marketresearchreports.biz/it-and-telecommunication/8117/blockchain-identity-management-global-market-research-reports">blockchain identity management can be segmented according to the size of the company, end-use industry, supplier and region Based on the provider, the blockchain identity management market is segmented into middleware provider, application provider and infrastructure provider.In terms of business size, the blockchain identity management market can be bifurcated into small and medium-sized enterprises and large enterprises based on end-use sector, the blockchain identity management market can be classified into BFSI, automotive, IT & telecom, media & entertainment, retail, government , health, transport and logistics, media and entertainment, travel and hospitality, As for the region, the global market of identity management blockchain pu It can be divided into North America, Europe, Asia Pacific, Middle East and Africa and South America
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Blockchain technology can be applied to identity applications in areas such as birth certificates, e-residency, digital identities, passports, marriage certificates, IDs and online access accounts. Creating an identity on blockchain can give individuals better control over their personal information and the users who access it. Key players in the global blockchain identity management market include IBM Corporation, Civic Technologies, KYC-Chain Bitfury, Evernym, Factom, Netki, ShoCard, UniquID, Microsoft Corporation, UniquID, Oracle Corporation, Bitnation, Nodalblock, EdgeSecure, Blockverify , Peer Ledger, Cambridge Blockchain, uPort, Originalmy, Neuroware, Tradle, Existence, Coinfirm, SelfKey Foundation and BTL Group. The main players are using strategies such as partnerships, acquisitions, investments in research and development and production innovation to remain competitive on the market.
The report offers a complete evaluation of the market. It does so through in-depth qualitative insights, historical data and verifiable projections on the size of the market. The projections present in the report were derived using proven methodologies and research hypotheses. In this way, the research report acts as an archive of analysis and information for every aspect of the market, including but not limited to: regional markets, technology, types and applications.
The study is a reliable source of data on:
Market segments and sub-segments
Trends and dynamics of the market
Offer and demand
Current trends / opportunities / challenges
Analysis of the value chain and stakeholders
The regional analysis covers:
North America (United States and Canada)
Latin America (Mexico, Brazil, Peru, Chile and others)
Western Europe (Germany, United Kingdom, France, Spain, Italy, Nordic countries, Belgium, the Netherlands and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, South Africa and North Africa)
The report was compiled through extensive primary research (through interviews, surveys and observations by expert analysts) and secondary research (which includes reliable payable sources, specialized journals and databases of industrial entities). The report also presents a complete qualitative and quantitative evaluation by analyzing data collected by industry analysts and market participants at all key points in the industry value chain.
A separate analysis of prevailing trends in the parents market, macroeconomic and microeconomic indicators, regulations and mandates is included in the framework of the study. In this way, the relationship projects the attractiveness of each main segment in the forecast period.
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Key aspects of the relationship:
A comprehensive analysis of the context, which includes a parental market evaluation
Important changes in the dynamics of the market
Market segmentation up to the second or third level
Historical, current and projected dimension of the market from the point of view of value and volume
Reporting and evaluation of recent developments in the sector
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective evaluation of the trajectory of the market
Recommendations to companies to strengthen their point of support in the market
Note: Although special attention has been paid to maintaining the highest levels of accuracy in TMR reports, recent market changes / vendor specifications may take some time to reflect in the analysis.
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